Question 1

Project Managers are
A) ultimately responsible for performance.
B) not timid.
C) a direct link to the customer.
D) able to multitask.
E) all of these.

Accepted Answer

Project Managers are indeed ultimately responsible for the performance of the project, need to have the confidence to make decisions and lead (hence, not timid), serve as a direct link to the customer by communicating needs and feedback, and are required to multitask to manage various aspects of a project simultaneously.

Question 2

Any project life cycle is made up of stages. The project's schedule and budget will be determined in the ___________ stage of the project life cycle.
A) conceptual
B) closing
C) defining
D) planning
E) executing

Accepted Answer

The planning stage of the project life cycle is where the project's schedule and budget are determined. This stage involves setting goals, defining roles and responsibilities, and outlining the resources needed to complete the project.

Question 3

This first chapter introduced some of the most rudimentary aspects of the discipline, including definitions. A temporary endeavor undertaken to create a unique product, service, or result is a(n) _________.
A) project
B) activity
C) task
D) undertaking
E) All of these.

Accepted Answer

A project is defined as a temporary endeavor undertaken to create a unique product, service, or result. This definition distinguishes a project from ongoing operations and other types of work by its temporary nature and unique outcome.

Question 4

A project life cycle is characterized as made up of stages. A major part of the project work, both physical and mental, takes place in the ___________ stage of the project life cycle.
A) conceptual
B) closing
C) defining
D) planning
E) executing

Accepted Answer

The executing stage of the project life cycle is where the majority of the project's work, both physical and mental, takes place. This stage involves putting the project plan into action and working to complete the project's deliverables.

Question 5

The product life cycle must be understood as totally different from the project life cycle. In today's high-tech industries the product life cycle is averaging _________ to 3 years.
A) 1 year
B) 6 months
C) 18 months
D) 3 months
E) 9 months

Accepted Answer

The answer of The product life cycle must be understood...

Question 6

Which of the following is NOT a reason why project management has become a standard way of doing business?
A) Increased need for skilled management of stakeholders outside of organization.
B) Projects need to be done faster.
C) Organizations are doing more project work in-house instead of outsourcing.
D) Organizations are executing more and more projects.
E) Increased product complexity and innovation.

Accepted Answer

Organizations are increasingly outsourcing project work to access specialized skills and reduce costs, rather than doing more project work in-house. This trend contradicts the statement in option C, making it the correct answer as it is not a reason why project management has become a standard way of doing business.

Question 7

Which of the following represents the correct order of stages within the project life cycle?
A) Planning, Defining, Executing, Closing
B) Closing, Planning, Defining, Executing
C) Defining, Planning, Executing, Closing
D) Executing, Defining, Planning, Closing
E) Planning, Defining, Closing, Executing

Accepted Answer

The correct order of stages within the project life cycle is: Defining, Planning, Executing, Closing. This sequence represents the logical progression from establishing the project's scope and objectives, through organizing and preparing, to carrying out the work, and finally, concluding the project.

Question 8

A project life cycle is characterized as made up of stages. The initial stage in the project life cycle is the __________ stage.
A) conceptual
B) closing
C) defining
D) planning
E) executing

Accepted Answer

The initial stage in the project life cycle is the defining stage, where the project's objectives, scope, purpose, and feasibility are established.

Question 9

As the number of small projects increase within an organization's portfolio, what is a challenge an organization faces?
A) Sharing resources
B) Measuring efficiency
C) Managing risk
D) Prioritizing projects
E) All of these are challenges

Accepted Answer

As the number of small projects within an organization's portfolio increases, the organization faces multiple challenges, including sharing resources among various projects, measuring the efficiency of each project, managing risks that could impact the portfolio, and prioritizing projects to align with strategic goals. All these aspects are crucial for effective project portfolio management.

Question 10

Which of the following is NOT true about project management?
A) It is not limited to the private sector.
B) Many opportunities are available for individuals interested in this career path.
C) It improves one's ability to plan, implement and manage activities to accomplish specific organizational objectives.
D) It focuses primarily on technical processes.
E) It is a set of tools.

Accepted Answer

Project management encompasses more than just technical processes; it involves a broad range of skills including leadership, communication, and strategic planning, making option D incorrect as it suggests a limited focus.

Question 11

Project management is being driven by
A) elevated profit motive.
B) knowledge explosion.
C) increased customer focus.
D) more projects being done in-house.
E) knowledge explosion and increased customer focus.

Accepted Answer

Project management has evolved significantly due to a knowledge explosion, which has led to more sophisticated and specialized approaches, and an increased focus on customer satisfaction, which demands more tailored and high-quality outcomes.

Question 12

Like many other professions such as accounting, marketing and finance, there is a professional organization for project managers. One professional organization for project managers has grown from 93,000 in 2002 to more than 565,000 currently and is the ___________.
A) Institute for Project Managers
B) Society for Project Professionals and Project Managers
C) Organization for Project Managers and Professionals
D) Project Management Institute (PMI)
E) The Union of Project Professionals

Accepted Answer

The Project Management Institute (PMI) is the professional organization for project managers that has seen significant growth in its membership, from 93,000 in 2002 to more than 565,000.

Question 13

A project life cycle is characterized as made up of stages. The final stage in the project life cycle is the __________ stage.
A) conceptual
B) closing
C) defining
D) planning
E) executing

Accepted Answer

The final stage in the project life cycle is the closing stage, where the project is formally closed and completed, and the final deliverables are handed over.

Question 14

Project management is not limited to the __________ sector.
A) universal
B) private
C) global
D) international
E) business and government

Accepted Answer

The answer of Project management is not limited to the...

Question 15

A project life cycle
A) will only ever consist of four phases.
B) must be dogmatically followed.
C) reduces the amount of planning necessary.
D) can vary based on the industry.
E) will always have a phase called 'visioning'.

Accepted Answer

Project life cycles can vary significantly based on the industry, the nature of the project, and the organization's approach to project management. There is no one-size-fits-all structure, and flexibility is often necessary to adapt to specific project requirements and challenges.

Question 16

Which of the following is a good example of a program?
A) Planting a garden
B) Developing a new residential area that includes six custom homes
C) Developing a new marketing plan
D) Taking notes each class meeting to prepare for the final
E) Planning a wedding

Accepted Answer

A program is a set of related projects managed in a coordinated manner to obtain benefits not available from managing them individually. Developing a new residential area with multiple homes involves several related projects, making it a program.

Question 17

Project Management is a style that places a premium on
A) building relationships.
B) including a diverse set of talent.
C) maintenance operations.
D) building relationships and including a diverse set of talent.
E) extensive testing only.

Accepted Answer

Project Management emphasizes both building relationships and including a diverse set of talent to ensure a comprehensive approach to tackling projects, leveraging diverse perspectives, and fostering collaboration.

Question 18

A series of coordinated, related, multiple projects that continue over an extended time period and are intended to achieve a goal is known as a
A) Strategy.
B) Program.
C) Campaign.
D) Crusade.
E) Venture.

Accepted Answer

A program is a series of coordinated, related, multiple projects that continue over an extended time period and are intended to achieve a specific goal.

Question 19

A project does not include
A) unique elements.
B) a specific objective.
C) repetitive, same or similar work.
D) creating a new product or service.
E) developing a new process.

Accepted Answer

Projects are defined by their unique and temporary nature, aiming to achieve a specific goal. Repetitive, same, or similar work does not fall under the definition of a project but rather ongoing operations or routine activities.

Question 20

Which of the following is typically the responsibility of a project manager?
A) Meeting budget requirements
B) Meeting schedule requirements
C) Meeting performance specifications
D) Coordinating the actions of the team members
E) All of these are typical responsibilities

Accepted Answer

Project managers are responsible for meeting budget and schedule requirements, ensuring that the project meets its performance specifications, and coordinating the actions of team members. These are all key aspects of project management.

Quiz 1: Modern Project Management

Project Managers are

Any project life cycle is made up of stages. The project's schedule and budget will be determined in the ___________ stage of the project life cycle.

This first chapter introduced some of the most rudimentary aspects of the discipline, including definitions. A temporary endeavor undertaken to create a unique product, service, or result is a(n) _________.

A project life cycle is characterized as made up of stages. A major part of the project work, both physical and mental, takes place in the ___________ stage of the project life cycle.

The product life cycle must be understood as totally different from the project life cycle. In today's high-tech industries the product life cycle is averaging _________ to 3 years.

Which of the following is NOT a reason why project management has become a standard way of doing business?

Which of the following represents the correct order of stages within the project life cycle?

A project life cycle is characterized as made up of stages. The initial stage in the project life cycle is the __________ stage.

As the number of small projects increase within an organization's portfolio, what is a challenge an organization faces?

Which of the following is NOT true about project management?

Project management is being driven by

Like many other professions such as accounting, marketing and finance, there is a professional organization for project managers. One professional organization for project managers has grown from 93,000 in 2002 to more than 565,000 currently and is the ___________.

A project life cycle is characterized as made up of stages. The final stage in the project life cycle is the __________ stage.

Project management is not limited to the __________ sector.

A project life cycle

Which of the following is a good example of a program?

Project Management is a style that places a premium on

A series of coordinated, related, multiple projects that continue over an extended time period and are intended to achieve a goal is known as a

A project does not include

Which of the following is typically the responsibility of a project manager?