Question 1

When using the weighted scoring model, the categories for each scale must be in equal intervals.

Accepted Answer

A) True 
 B)False

Question 2

As a rule of thumb, the number of factors included in a scoring model should be at least 10.

Accepted Answer

A) True 
 B)False

Question 3

A disadvantage of using the payback period method for selecting projects is that it cannot reflect the time-value of money.

Accepted Answer

A) True 
 B)False

Question 4

Projects with deliverables that are incrementally different from existing offerings are classified as platform projects.

Accepted Answer

A) True 
 B)False

Question 5

Projects in which team members may never physically meet before the team is disbanded and another team reconstituted is called a virtual team

Accepted Answer

A) True 
 B)False

Question 6

If a PM manages her project well enough she can eliminate uncertainty.

Accepted Answer

A) True 
 B)False

Question 7

One of the few similarities between project management and general management is that both exist in the well-defined organizational structure of superior/subordinates in the overall organization.

Accepted Answer

A) True 
 B)False

Question 8

Projects success is not determined by the portfolio of projects in an organization..

Accepted Answer

A) True 
 B)False

Question 9

The aggregate project plan can be used for the following except:

Accepted Answer

A)  View the mix of projects within each illustrated aspect 
B)  Determine the profitability of the projects 
C)  Analyze and adjust the mix of projects within each category or aspect 
D)  Identify and adjust the gaps in the categories, aspects, sizes and timing of the projects. 
A)  View the mix of projects within each illustrated aspect 
B)  Determine the profitability of the projects 
C)  Analyze and adjust the mix of projects within each category or aspect 
D)  Identify and adjust the gaps in the categories, aspects, sizes and timing of the projects.

Question 10

Which of the following is not a characteristic of a project?

Accepted Answer

A)  They are unique 
B)  They are routine 
C)  They have specific due date 
D)  They have a specific deliverable 
E)  They have a purpose 
A)  They are unique 
B)  They are routine 
C)  They have specific due date 
D)  They have a specific deliverable 
E)  They have a purpose

Question 11

Which of the following is a nonnumeric project selection method?

Accepted Answer

A)  Q-sort method 
B)  payback period 
C)  discounted cash flow method 
D)  real options 
E)  scoring methods 
A)  Q-sort method 
B)  payback period 
C)  discounted cash flow method 
D)  real options 
E)  scoring methods

Question 12

Which of the following is not related to the three goals of a project?

Accepted Answer

A)  time 
B)  data 
C)  schedule 
D)  cost 
E)  performance 
A)  time 
B)  data 
C)  schedule 
D)  cost 
E)  performance

Question 13

As the present value of future returns decreases with rising discount rates, firms with high hurdle rates favor short-run projects.

Accepted Answer

A) True 
 B)False

Question 14

In the early years of a project when outflows usually exceed inflows, the NPV of the project for those years will be positive.

Accepted Answer

A) True 
 B)False

Question 15

Briefly differentiate between derivative and breakthrough projects as defined by Wheelwright and Clark.

Accepted Answer

Derivative projects, as defined by Wheel

Question 16

Why is having a negotiation skill in win-win negotiation necessary for the project manager?

Accepted Answer

Having negotiation skills, especially in

Question 17

Nonnumeric project selection methods are only suitable if numeric methods are not available.

Accepted Answer

A) True 
 B)False

Question 18

Many recent developments in project management are being driven by changes in the nature of the American workforce.

Accepted Answer

A) True 
 B)False

Question 19

The ________________________ attempts to link the organization's projects directly to the goals and strategy of the organization.

Accepted Answer

A)  the product-process matrix 
B)  the balanced scorecard 
C)  the action plan 
D)  project portfolio process 
E)  the work breakdown structure 
A)  the product-process matrix 
B)  the balanced scorecard 
C)  the action plan 
D)  project portfolio process 
E)  the work breakdown structure

Question 20

Briefly describe the two different life cycles of projects.

Accepted Answer

The answer of Briefly describe the two different life cycles...

When using the weighted scoring model, the categories for each scale must be in equal intervals.

As a rule of thumb, the number of factors included in a scoring model should be at least 10.

A disadvantage of using the payback period method for selecting projects is that it cannot reflect the time-value of money.

Projects with deliverables that are incrementally different from existing offerings are classified as platform projects.

Projects in which team members may never physically meet before the team is disbanded and another team reconstituted is called a virtual team

If a PM manages her project well enough she can eliminate uncertainty.

One of the few similarities between project management and general management is that both exist in the well-defined organizational structure of superior/subordinates in the overall organization.

Projects success is not determined by the portfolio of projects in an organization..

The aggregate project plan can be used for the following except:

Which of the following is not a characteristic of a project?

Which of the following is a nonnumeric project selection method?

Which of the following is not related to the three goals of a project?

As the present value of future returns decreases with rising discount rates, firms with high hurdle rates favor short-run projects.

In the early years of a project when outflows usually exceed inflows, the NPV of the project for those years will be positive.

Briefly differentiate between derivative and breakthrough projects as defined by Wheelwright and Clark.

Why is having a negotiation skill in win-win negotiation necessary for the project manager?

Nonnumeric project selection methods are only suitable if numeric methods are not available.

Many recent developments in project management are being driven by changes in the nature of the American workforce.

The ________________________ attempts to link the organization's projects directly to the goals and strategy of the organization.

Briefly describe the two different life cycles of projects.

The Manager, the Organization, and the Team

Planning the Project

Budgeting the Project

Scheduling the Project

Allocating Resources to the Project

Monitoring and Controlling the Project

Evaluating and Terminating the Project

Filters

Exam 1: The World of Project Management

When using the weighted scoring model, the categories for each scale must be in equal intervals.

As a rule of thumb, the number of factors included in a scoring model should be at least 10.

A disadvantage of using the payback period method for selecting projects is that it cannot reflect the time-value of money.

Projects with deliverables that are incrementally different from existing offerings are classified as platform projects.

Projects in which team members may never physically meet before the team is disbanded and another team reconstituted is called a virtual team

If a PM manages her project well enough she can eliminate uncertainty.

One of the few similarities between project management and general management is that both exist in the well-defined organizational structure of superior/subordinates in the overall organization.

Projects success is not determined by the portfolio of projects in an organization..

The aggregate project plan can be used for the following except:

Which of the following is not a characteristic of a project?

Which of the following is a nonnumeric project selection method?

Which of the following is not related to the three goals of a project?

As the present value of future returns decreases with rising discount rates, firms with high hurdle rates favor short-run projects.

In the early years of a project when outflows usually exceed inflows, the NPV of the project for those years will be positive.

Briefly differentiate between derivative and breakthrough projects as defined by Wheelwright and Clark.

Why is having a negotiation skill in win-win negotiation necessary for the project manager?

Nonnumeric project selection methods are only suitable if numeric methods are not available.

Many recent developments in project management are being driven by changes in the nature of the American workforce.

The ________________________ attempts to link the organization's projects directly to the goals and strategy of the organization.

Briefly describe the two different life cycles of projects.

The Manager, the Organization, and the Team

Planning the Project

Budgeting the Project

Scheduling the Project

Allocating Resources to the Project

Monitoring and Controlling the Project

Evaluating and Terminating the Project

Filters