Question 1

In the long-term view,it is better to have a huge success on an unimportant project than to have a moderate success on an important project.

Accepted Answer

It is better to have a moderate success on an important project because the impact of that success will be significant and meaningful in the long-term. A huge success on an unimportant project may bring temporary success or attention, but it is not likely to have a lasting impact or contribute to meaningful progress in the long run. It is also important to prioritize important projects that can have a significant impact on society, rather than focusing solely on personal success.

Question 2

Decisions and actions taken in one knowledge area at a certain time rarely affect other knowledge areas.

Accepted Answer

Decisions and actions taken in one knowledge area can have an impact on other knowledge areas. There is often interdependence and integration between different knowledge areas in a project.

Question 3

The executing process group generally requires the most resources.

Accepted Answer

The executing process group includes the processes that are currently running and requires the most resources such as CPU, memory, disk, and network bandwidth.

Question 4

Monitoring and controlling processes overlap all of the other project management process groups.

Accepted Answer

Monitoring and controlling processes involve tracking project progress, identifying areas where corrective actions are necessary, and making necessary changes to ensure project success. This requires interacting with all other process groups to ensure that project goals are met.

Question 5

Information systems must support the firm's business goals,such as developing its own intranet site applications.

Accepted Answer

The answer of Information systems must support the firm's business...

Question 6

An organization should put considerable thought into project selection to ensure that it initiates the right kinds of projects for the right reasons.

Accepted Answer

Project selection is an important aspect of project management as it determines the success or failure of a project. Selecting the right projects for the right reasons ensures that the organization is investing its resources in projects that align with its goals and objectives. It also helps in optimizing the use of resources and achieving the desired outcomes. Therefore, an organization should put considerable thought into project selection.

Question 7

The level of activity and length of each process group varies for every project.

Accepted Answer

The activities and length of each process group depend on the specific characteristics and needs of the project, therefore they may vary.

Question 8

Initiating processes are not required to end a project.

Accepted Answer

Initiating processes are the first stage of the project management process and are required to properly plan and set up a project. However, they are not the only processes necessary for completing a project. Projects go through multiple stages such as planning, executing, monitoring and controlling, and closing processes, and all these processes are required to complete a project successfully.

Question 9

Key outcomes of the executing process group are formal acceptance of the work and creation of closing documents.

Accepted Answer

Key outcomes of the closing process group are formal acceptance of the work and creation of closing documents, such as a final project report and lessons-learned report.

Question 10

DMAIC is used to improve an existing business process.

Accepted Answer

DMAIC is a methodology used for improving an existing business process, specifically in the context of Six Sigma. It stands for Define, Measure, Analyze, Improve, and Control.

Question 11

You cannot tailor RUP to include the PMBOK process groups.

Accepted Answer

RUP (Rational Unified Process) and PMBOK (Project Management Body of Knowledge) are two different methodologies. RUP focuses on software development while PMBOK is a project management framework. Although some of the processes in RUP and PMBOK may overlap, they are not designed to be integrated with each other. Therefore, it is not possible to tailor RUP to include the PMBOK process groups.

Question 12

A stakeholder management strategy is an approach to help increase the support of stakeholders throughout the project.

Accepted Answer

A stakeholder management strategy is specifically designed to engage and satisfy stakeholders throughout the project, leading to increased support for the project. Therefore, the statement is true.

Question 13

Research suggests that companies working to implement best practices should spend less than 10 percent of project time in initiating and planning.

Accepted Answer

Research suggests that companies should spend more time in the initiating and planning phases to ensure project success, often more than 10 percent of the project time.

Question 14

Initiating and closing tasks are usually the longest and require the most amount of resources and time.

Accepted Answer

Initiating and closing tasks are usually the shortest (at the beginning and end of a project or phase, respectively), and they require the least resources and time.

Question 15

Some project managers do not even write down stakeholder information because they do not consider stakeholder management as a crucial part of their jobs.

Accepted Answer

Stakeholder management is a crucial part of project management and project managers should identify, analyze, and ensure effective communication with stakeholders throughout the project lifecycle. Neglecting stakeholder management can lead to project failure.

Question 16

Information technology is usually a support function in an organization.

Accepted Answer

Information technology (IT) is usually considered a support function in an organization, as its primary role is to provide technological solutions that facilitate the overall operations of the business. IT departments are responsible for the maintenance and management of hardware, software, networks, and data, ensuring that these components function smoothly and securely to enable the efficient functioning of the organization. However, in some cases, IT can also take on a more strategic role, contributing to the development and implementation of business strategies, digital transformation initiatives, and innovation projects.

Question 17

It is good practice to lay the groundwork for a project after it officially starts.

Accepted Answer

It is better to lay the groundwork before a project starts so that all aspects of the project are well-defined and understood, leading to a smoother and more successful project outcome.

Question 18

An organization may initiate information technology projects for several reasons,but the most important reason is to support business objectives.

Accepted Answer

Information technology projects are initiated to support business objectives and enable the organization to achieve its goals.

Question 19

Initiating processes take place during each phase of a project.

Accepted Answer

Initiating processes are the first phase of project management and take place during the planning, execution, and closing phases as well. These processes help to define the goals, objectives, and scope of the project.

Question 20

The majority of organizations develop their own internal information technology project management methodologies.

Accepted Answer

The answer of The majority of organizations develop their own...

Quiz 3: The Project Management Process Groups: A Case Study