Management Body of Knowledge Guide

reflective of managerial task
November 7, 2019
normal cash flows
November 7, 2019

Management Body of Knowledge Guide

Project Management 1

1. A project typically has ____________.

a. a defined start and end date

b. a defined start date but no defined end date

c. no defined start but a defined end date

d. no defined start or end date

2. The Project Management Body of Knowledge Guide definition of a project indicates that a

project is ____________.

a. multifunctional

b. temporary

c. designed to consume human resources

d. limited by a budget

3. A business reality that makes effective project management critical is the fact that ___________.

a. products are becoming increasingly simple

b. inflation is rampant

c. product life cycles are compressing

d. product launch windows are widening

4. A product is introduced into a market, gains the acceptance of a fickle public and is finally

supplanted by a new and improved offering. This phenomenon is known as the ____________.

a. product life cycle

b. rule of 80

c. Mendoza line

d. beta

5. The degree of innovation and creativity is typically at its highest during the _____________

phase.

a. conceptualization

b. planning

c. execution

d. termination

6. The amount of corporate investment is typically at its lowest in the ____________ phase.

a. conceptualization

b. planning

c. execution

d. termination

7. The dimension of project success that is realized last is _____________.

a. future potential

b. business success

c. impact on the customer

d. efficiency

8. The dimension of project success that is measured by both an internal and external criterion is

_____________.

a. future potential

b. business success

c. impact on the customer

d. efficiency

9. A strategic element that contains formally titled initiatives such as the Customer Survey Project,

the Small Business Alliance Project and the Employee Relations Project is most likely a

_____________.

a. mission

b. strategy

c. goal

d. program

10. The management department at the university decides to add a new program in restaurant,

hotel and institutional management. As part of the development process, they hold focus

groups consisting of area business leaders, current and former students and restaurant and

hotel owners. These groups can be described as _____________.

a. project leaders

b. project workers

c. stakeholders

d. clients

11. Which statement about stakeholders is most appropriate?

a. Stakeholders wield considerable power.

b. Stakeholders can potentially impact project development.

c. Stakeholders are external to a company.

d. By definition, clients are not stakeholders, they are customers.

12. A functional organization structure is a plus for project management because _____________.

a. functional siloing often exists

b. it allows for standard career paths

c. there is high customer focus

d. commitment to project success is high and unwavering

13. A functional organization structure is a weakness for project management because

_____________.

a. in-depth knowledge and intellectual capital development are enabled

b. no disruption or changes to a firm’s design are necessitated by projects developed

within this structure

c. priorities among functional departments may be different and competing

d. standard career paths are enabled so team members only perform their duties as

needed

14. The tendency of employees in a functionally organized company to become fixated on their

own concerns and work assignments to the exclusion of the needs of other departments is

known as _____________.

a. layering

b. myopia

c. nepotism

d. siloing

15. Centralized units within an organization or department that oversee or improve the

management of projects are called _____________.

a. project management offices

b. PERT units

c. tiger teams

d. central clearinghouses

16. A PMO is not used ______________.

a. as a resource center

b. to replace the project manager as being responsible for the project

c. to act as a central repository for project documentation

d. as the place where project management improvements are identified and then

disseminated to the rest of the organization

17. The PMO is used as a tracking and monitoring device under the _______________ model.

a. control tower

b. weather station

c. resource pool

d. radar

18. A proactive project portfolio is ______________.

a. as simple as moving from one project opportunity to another project opportunity

b. an integrated family of projects with a common strategic goal

c. a collection of projects under the umbrella of single project manager carrying the title

of portfolio manager

d. developed with respect to short-term operational concerns

19. Which of these is not a factor in successful project portfolio management?

a. flexible structure and freedom of communication

b. low-cost environmental setting

c. emphasis on quality

d. time-paced transition

20. Multiple project environments thrive on _______________.

a. multi-layered bureaucracy

b. rigid development processes

c. narrow communication channels

d. improvisation by project teams

WhatsApp WhatsApp us