145 test bank for effective project management traditional adaptive extreme 4th edition wysocki

Test Bank for Effective Project Management Traditional Adaptive Extreme 4th Edition Wysocki True - False Questions - Page 1 “Define the project” is the first phase of Traditional Project

Test Bank for Effective Project Management

Traditional Adaptive Extreme 4th Edition Wysocki

True - False Questions - Page 1

“Define the project” is the first phase of Traditional Project Management

The problem or opportunity is discussed in the Defining Phase of

Traditional Project Management

The project team is recruited and organized during the Launching Phase

of Traditional Project Management

1 True

2 False

During the Planning Phase of Traditional Project Management, the project activities are identified

1 True

2 False

The assumptions and risks are listed before the Defining Phase of

Traditional Project Management

The Project Proposal is the deliverable from the Planning Phase of

Traditional Project Management

“Monitor/control project progress” is the third phase of Traditional Project Management

The goal is established before the Defining Phase of Traditional Project Management

“Launch the plan” is the second phase of Traditional Project

The assumptions and risks are listed during the Defining Phase of

Traditional Project Management

1 True

2 False

The Project Proposal is the deliverable from the Defining Phase of

Traditional Project Management

During the Defining Phase of Traditional Project Management, the project activities are identified

100 Free Test Bank for Effective Project Management Traditional Adaptive Extreme 4th Edition Wysocki True

- False Questions - Page 2

By installing the project deliverables, the project product is put into

The change management processes are a part of Monitoring and

Controlling Phase of Traditional Project Management

When project work starts, the Monitoring and Controlling Phase of

Traditional Project Management begins

1 True

2 False

Even though projects failure is low, there is a need for alternative

approaches to project management

Work packages should be documented in the Planning Phase of

Traditional Project Management

The Progress Reporting System should be established during the

Planning Phase of Traditional Project Management

One failing of Traditional Project Management is that customer

requirements be completely and clearly defined

1 True

2 False

The Problem-Escalation Process should be defined during the Planning Phase of Traditional Project Management

One failing of Traditional Project Management is that customer

requirements do not have to be completely and clearly defined

1 True

2 False

The Traditional Project Management approach is best for Quadrant 1 projects

According to the author, the smart project manager starts the

documentation process at the beginning of the project

Work packages should be documented in the Launching Phase of

Traditional Project Management

Customer involvement is not necessary in the Iterative Project

Customer involvement is higher in Adaptive Project Framework than it is

in Extreme Project Management

1 True

2 False

High risk, high change, and (often) high speed are the characteristics of Quadrant 3 projects

1 True

2 False

Extreme Project Management is the best approach for projects that have

an unclear goal and an unclear solution

1 True

2 False

In Incremental Project Management, the schedule for releasing partial products is created with respect to the dependencies among the partial solutions

Extreme Project Management is the best approach for projects that have

an unclear goal but a clear solution

According to author, the Adaptive Project Framework is between

Traditional Project Management and Extreme Project Management

1 True

2 False

A major weakness of Linear Project Management is that knowledge gained

in one phase cannot be used in another phase

One method for Extreme Project Management is INSPIRE (INitiate,

SPeculate, Incubate, and REview)

1 True

2 False

A major feature of Incremental Project Management is that parts of the project product are released on a schedule

1 True

2 False

The project in the Iterative Approach ends when the customer is satisfied

or when the time/budget runs out

The Continuous Quality Management Model relies on a grading system to improve quality

1 True

2 False

There is no significant difference between the Incremental Project

Management approach and the Iterative Project Management approach

Multiple Choice Questions

In the phase, resource requirements are determined

The two types of risk assessment are qualitative assessment and _

1 a dynamic assessment

2 b quantitative assessment

3 c numerical assessment

4 d categorical assessment

Once project activities are identified, a is created

1 a Resource Requirements Breakdown

2 b Project Activity Structure

3 c Work Requirements Breakdown

4 d Work Breakdown Structure

and Incremental Project Management approaches are two models of the Traditional Project Management approach

Part of the activities during the Monitoring/Controlling phase is:

1 a monitoring project progress versus plan

2 b organizing and controlling team

3 c defining task durations

4 d establishing conditions for success

How many knowledge areas are in the Project Management Body of Knowledge?

1 a Eight

2 b Seven

3 c Nine

4 d Six

A deliverable from the planning phase is the _

1 a Work Breakdown Plan

2 b Project Plan

3 c Project Overview Statement

4 d Risk Management Plan

In what phase is the project goal established?

1 a Launch

2 b Defining

3 c Planning

4 d None of the above

What is the process by which estimated schedules for resources are adjusted when actual resources are assigned?

1 a Re-estimating

2 b Leveling

3 c Adjusting

4 d Re-planning

In the _ phase, project activities are identified

The Third Phase of Traditional Project Management is:

During the final phase of Traditional Project Management, the first step is:

1 a revise project plans

2 b define the problem-escalation process

3 c obtain client acceptance

4 d None of the above

Which project management approach is most suitable for Quadrant 1 projects?

The Continuous Quality Management Model uses to constantly refine business processes

4 d None of the above

The Fourth Phase of Traditional Project Management is:

4 d None of the above

What is an important process to complete during the Closing Phase?

1 a Revise risk management plan

2 b Complete post-implementation audit

3 c Contacting sponsors

4 d Holding a status meeting

Iterative and Project Management approaches are two models of the Adaptive Project Management approach

1 A Where did this project come from?

2 B Why are we doing this project?

3 C How can all these projects be first priority?

4 D Why is this project so strongly linked to the strategic plan?

5 E Where are we going to get the resources to do this project?

In the Snapshot from Practice, Intel's CEO has concentrated Intel's strategy toward?

1 A Creating chips to support the digital device market

2 B Eliminating AMD as a competitor

3 C Strengthening Intel's position in the PC market

4 D Expanding Intel's international market

5 E Expand efforts in the mainframe computer market

Which of the following would not be classified as an organizational threat?

1 A Slowing of the economy

2 B A maturing life cycle

3 C Poor product quality

4 D Government regulations

5 E All of these are organizational threats

Which of the following is a common multicriteria selection model?

1 A Checklist

2 B Net Present Value

3 C Weighted criteria model

4 D Both A and C are correct

5 E All of these are common multicriteria selection models

Which of the following is the correct order for the strategic management process?

1 A Strategies, mission, goals, projects

2 B Goals, projects, mission, strategies

3 C Mission, goals, strategies, projects

4 D Goals, mission, strategies, projects

5 E Projects, mission, strategies, goals

Which of the following is not one of the classifications for assessing a project portfolio?

Which of the following is not true for strategic management?

1 A It should be done once each year just before developing the operating plan

2 B It supports consistency of action at every level of the organization

3 C It develops an integrated and coordinated long-term plan of action

4 D It positions the firm to meet the needs of its customers

5 E All of these are true statements

A major project proposal form will likely include all of the following except:

1 A Project Classification

2 B Schedule objective

3 C Major deliverables of the project

4 D How success will be measured

5 E All of these are likely to be included

Which of the following terms is often used to denote a project that a

powerful, high-ranking official is advocating?

Project managers who do not understand the role that their project plays

in accomplishing the organization's strategy tend to make all the following mistakes except:

1 A Focusing on low priority problems

2 B Overemphasizing technology as an end in and of itself

3 C Focusing on the immediate customer

4 D Trying to solve every customer issue

5 E All the above are likely mistakes

Which of the following financial models are typically included in project selection?

1 A Payback

2 B Net present value

3 C Internal rate of return

4 D Both A and B are correct

5 E A, B, and C are all correct

The textbook indicated that is the major dimension of strategic management

1 A Responding to changes in the external market

2 B Allocating scarce resources of the organization

3 C Beating competition to the market

4 D Both a and b are correct

5 E Both a and c are correct

Which of the following is not true of multi-weighted scoring models?

1 A Will include quantitative criteria

2 B Will include qualitative criteria

3 C Each criterion is assigned a weight

4 D Projects with higher scores are considered more desirable

5 E All of the above are true

A project screening matrix typically contains all of the following except:

1 A The list of available projects

2 B Specific criteria

3 C Weights assigned to specific criteria

4 D Costs to complete each project

5 E All of the above are typically contained

A critical factor to ensure the success of integrating the strategic plan with projects lies in a process that

1 A Is open and published for all participants to review

2 B Starts with top management's directives

3 C With projects first and integrates them with the strategic plan

4 D Both B and C are correct

5 E A, B, and C are all correct

Susie's department is implementing many projects She finds herself starting and stopping work on one task to go and work on another task, and then return to the work on the original task Susie is experiencing

Project selection criteria are typically classified as:

1 A Financial and non-financial

2 B Short-term and long-term

3 C Strategic and tactical

4 D Required and optional

5 E Cost and schedule

The intended outcome of strategy/projects integration is

1 A Clear organization focus

2 B Best use of scare organization resources

3 C Improved communication across projects and departments

4 D Both A and C are correct

5 E A, B, and C are all correct

Which of the following is not one of the traditional components found in mission statements?

1 A Major products and services

2 B Profitability

3 C Target customers and markets

4 D Geographic domain

5 E Contribution to society

Strategy considered to be under purview of senior management is

1 A Old school thinking

2 B A new school of management thought

3 C Necessary in a company structure

4 D Beneficial to the Project Manager

5 E Depended on company goals

Which of the following would not be classified as an organizational opportunity?

1 A Increasing product demand

2 B Excellent employees

3 C Emerging markets

4 D demographics

5 E All of these are organizational opportunities

Which of the following questions does the organization's mission statement answer?

1 A What are our long-term strategies?

2 B What are our long-term goals and objectives?

3 C How do we operate in the existing environment?

4 D What do we want to become?

5 E All of these are answered by the mission statement

Which of the following is the reason(s) why project managers need to understand their organization's mission and strategy?

1 A To make appropriate decisions and adjustments

2 B To be effective project advocates

3 C To be able to get their job done

4 D Both A and B are correct

5 E A, B, and C are all correct

Projects are usually classified into all but one of the following categories Which one is not one of the typical classifications?

1 A Compliance and emergency

2 B Operational

3 C Strategic

4 D Political necessity

5 E All of these are typical classifications

In today's business environment, project managers find it valuable to have

a keen understanding of

1 A Strategic management

2 B Technical issues

3 C Project selection process

4 D Both A and C are correct

5 E A, B, and C are all correct

Strategy formulation includes which of the following activities?

1 A Determining alternatives

2 B Creating profitability targets

3 C Evaluating alternatives

4 D Both a and c are correct

5 E A, B, and C are all correct

Which of the following is a main reason why project managers need to understand their organization's mission and strategy?

1 A They can better focus on the immediate customer

2 B They can make appropriate decisions and adjustments

3 C So they can be effective project advocates

4 D Both B and C are correct

5 E A, B, and C are all correct

The assessment of the external and internal environments is called _ analysis

3 C Motivation of project contributors

4 D Adequate planning and control systems

5 E All of these are requirements

True - False Questions

It is necessary to have exactly the same strategic and operations criteria for different projects

1 True

2 False

One way to offset the influence of politics on project management within

an organization is to have a well-defined project selection model

The information gap refers to the lack of understanding and consensus of organization strategy among top and middle-level managers

Strategy formulation ends with cascading objectives or projects assigned

to lower divisions, departments, or individuals

1 True

2 False

If a proposed project does not meet one of the designated "must"

objectives it is immediately removed from consideration

1 True

2 False

Reviewing and revising the organization's mission is best achieve through the use of a SWOT analysis

Formulating strategy answers the questions who and when the tasks will

be performed to reach objectives

The two axes of the Project Portfolio Matrix are technical feasibility and commercial potential

Free Text Questions - Page 1

Successful requires strong links among mission statements, goals, objectives, and strategies.