Question 1

A project utilizes various resources to carry out the tasks.

Accepted Answer

A) True 
 B)False

Question 2

Costs for resources on a project could include all the following except

Accepted Answer

A)  fees for subcontractors to perform project tasks 
B)  salaries of people who will work on the project 
C)  rental of facilities 
D)  costs for equipment that extends beyond the project time 
A)  fees for subcontractors to perform project tasks 
B)  salaries of people who will work on the project 
C)  rental of facilities 
D)  costs for equipment that extends beyond the project time

Question 3

A project objective is the tangible end product that the project team must produce or deliver.

Accepted Answer

A) True 
 B)False

Question 4

A project is an endeavor to accomplish a specific objective through a unique set of interrelated tasks and the effective utilization of resources.

Accepted Answer

A) True 
 B)False

Question 5

The collapse of a retaining wall could be a risk to the project objective for a garden construction project.

Accepted Answer

A) True 
 B)False

Question 6

Different types of resources will be utilized in this phase of the project lifecycle.

Accepted Answer

A)  performing the project. 
B)  development of proposed solution of need. 
C)  identification of need. 
D)  termination of project. 
A)  performing the project. 
B)  development of proposed solution of need. 
C)  identification of need. 
D)  termination of project.

Question 7

Project management is

Accepted Answer

A)  only used on projects that are well planned. 
B)  used all over the world to help organizations meet customer needs. 
C)  used only on projects completed by teams external to the customer's organization. 
D)  completed using one standard method. 
A)  only used on projects that are well planned. 
B)  used all over the world to help organizations meet customer needs. 
C)  used only on projects completed by teams external to the customer's organization. 
D)  completed using one standard method.

Question 8

The amount the sponsor has agreed to pay for acceptable project deliverables is the project budget.

Accepted Answer

A) True 
 B)False

Question 9

The network diagram shows

Accepted Answer

A)  the total time to complete the project. 
B)  the required deliverables. 
C)  how the resources are connected to each other. 
D)  the necessary sequence and dependent relationships of the detailed activities. 
A)  the total time to complete the project. 
B)  the required deliverables. 
C)  how the resources are connected to each other. 
D)  the necessary sequence and dependent relationships of the detailed activities.

Question 10

People are the only resource used in a project.

Accepted Answer

A) True 
 B)False

Question 11

The baseline plan is set at the conclusion of the ______________ project life cycle phase.

Accepted Answer

A)  Initiating 
B)  Planning 
C)  Performing 
D)  Closing 
A)  Initiating 
B)  Planning 
C)  Performing 
D)  Closing

Question 12

A ____ plan must be developed that identifies and assesses potential risks, determines the likelihood of occurrence and potential impacts of risks, and delineates responses for dealing with risks

Accepted Answer

A)  risk development 
B)  risk management 
C)  risk mitigation 
D)  risk avoidance 
A)  risk development 
B)  risk management 
C)  risk mitigation 
D)  risk avoidance

Question 13

____ adds a unique dimension to managing projects as it changes the dynamics of a project.It can adversely affect the project outcome if the project participants are not aware of cultural differences and multinational economic transactions.

Accepted Answer

A)  Diversity 
B)  Customer interaction 
C)  Customer satisfaction 
D)  Globalization 
A)  Diversity 
B)  Customer interaction 
C)  Customer satisfaction 
D)  Globalization

Question 14

This first phase of the project life cycle involves the:

Accepted Answer

A)  identification of a need, problem, or opportunity 
B)  contract negotiations 
C)  brainstorming solutions 
D)  identifying the tasks to be performed 
A)  identification of a need, problem, or opportunity 
B)  contract negotiations 
C)  brainstorming solutions 
D)  identifying the tasks to be performed

Question 15

A project is an endeavor to accomplish a specific objective through a unique set of nonrelated tasks and the effective utilization of resources.

Accepted Answer

A) True 
 B)False

Question 16

A network diagram is a hierarchical decomposition of the project scope into work elements to be executed to produce the project deliverables.

Accepted Answer

A) True 
 B)False

Question 17

The project objective must be agreed upon by

Accepted Answer

A)  the stakeholders. 
B)  the sponsor and the organization performing the project. 
C)  the project team. 
D)  those responsible for each of the project tasks to be completed. 
A)  the stakeholders. 
B)  the sponsor and the organization performing the project. 
C)  the project team. 
D)  those responsible for each of the project tasks to be completed.

Question 18

A ____ is an endeavor to accomplish a specific objective through a unique set of interrelated tasks and the effective utilization of resources.

Accepted Answer

A)  work schedule 
B)  projection 
C)  project 
D)  task list 
A)  work schedule 
B)  projection 
C)  project 
D)  task list

Question 19

When establishing the project objectives, the objective must be agreed upon by the project sponsor.

Accepted Answer

A) True 
 B)False

Question 20

The project scope is all the work that must be done in order to produce all the project deliverables, satisfy the customer, and accomplish the project objective.

Accepted Answer

A) True 
 B)False

A project utilizes various resources to carry out the tasks.

Costs for resources on a project could include all the following except

A project objective is the tangible end product that the project team must produce or deliver.

A project is an endeavor to accomplish a specific objective through a unique set of interrelated tasks and the effective utilization of resources.

The collapse of a retaining wall could be a risk to the project objective for a garden construction project.

Different types of resources will be utilized in this phase of the project lifecycle.

Project management is

The amount the sponsor has agreed to pay for acceptable project deliverables is the project budget.

The network diagram shows

People are the only resource used in a project.

The baseline plan is set at the conclusion of the ______________ project life cycle phase.

A ____ plan must be developed that identifies and assesses potential risks, determines the likelihood of occurrence and potential impacts of risks, and delineates responses for dealing with risks

____ adds a unique dimension to managing projects as it changes the dynamics of a project.It can adversely affect the project outcome if the project participants are not aware of cultural differences and multinational economic transactions.

This first phase of the project life cycle involves the:

A project is an endeavor to accomplish a specific objective through a unique set of nonrelated tasks and the effective utilization of resources.

A network diagram is a hierarchical decomposition of the project scope into work elements to be executed to produce the project deliverables.

The project objective must be agreed upon by

A ____ is an endeavor to accomplish a specific objective through a unique set of interrelated tasks and the effective utilization of resources.

When establishing the project objectives, the objective must be agreed upon by the project sponsor.

The project scope is all the work that must be done in order to produce all the project deliverables, satisfy the customer, and accomplish the project objective.

Identifying and Selecting Projects

Developing Project Proposals

Defining Scope, Quality, Responsibility, and Activity Sequence

Developing the Schedule

Resource Utilization

Determining Costs, Budget and Earned Value

Managing Risk

Closing the Project

The Project Manager

The Project Team

Project Communication and Documentation

Project Management Organizational Structures

Filters

Exam 1: Project Management Concepts

A project utilizes various resources to carry out the tasks.

Costs for resources on a project could include all the following except

A project objective is the tangible end product that the project team must produce or deliver.

A project is an endeavor to accomplish a specific objective through a unique set of interrelated tasks and the effective utilization of resources.

The collapse of a retaining wall could be a risk to the project objective for a garden construction project.

Different types of resources will be utilized in this phase of the project lifecycle.

Project management is

The amount the sponsor has agreed to pay for acceptable project deliverables is the project budget.

The network diagram shows

People are the only resource used in a project.

The baseline plan is set at the conclusion of the ______________ project life cycle phase.

A ____ plan must be developed that identifies and assesses potential risks, determines the likelihood of occurrence and potential impacts of risks, and delineates responses for dealing with risks

____ adds a unique dimension to managing projects as it changes the dynamics of a project.It can adversely affect the project outcome if the project participants are not aware of cultural differences and multinational economic transactions.

This first phase of the project life cycle involves the:

A project is an endeavor to accomplish a specific objective through a unique set of nonrelated tasks and the effective utilization of resources.

A network diagram is a hierarchical decomposition of the project scope into work elements to be executed to produce the project deliverables.

The project objective must be agreed upon by

A ____ is an endeavor to accomplish a specific objective through a unique set of interrelated tasks and the effective utilization of resources.

When establishing the project objectives, the objective must be agreed upon by the project sponsor.

The project scope is all the work that must be done in order to produce all the project deliverables, satisfy the customer, and accomplish the project objective.

Identifying and Selecting Projects

Developing Project Proposals

Defining Scope, Quality, Responsibility, and Activity Sequence

Developing the Schedule

Resource Utilization

Determining Costs, Budget and Earned Value

Managing Risk

Closing the Project

The Project Manager

The Project Team

Project Communication and Documentation

Project Management Organizational Structures

Filters