Exam 1: The World of Project Management

While general managers have their authority limited to specific areas in the overall organization, project managers have authority over any activity required by the project.

In project management, it is often necessary to trade-off one objective for another.

Which of the following are projects?

Briefly explain what a project is.

R&D projects are oriented toward using newly developed technologies or existing technologies in a new manner.

One can trade-off time and cost when managing a project, but the project's technical specifications must be maintained exactly as the client initially specifies.

One limitation of scoring methods is that they can only incorporate quantitative data.

Achieving both strategic and routine goals are growing in importance in project management.

A matrix that illustrates the magnitude of both product and process changes resulting from a project is called

A primary purpose of forming projects is to assign the responsibility for accomplishing some organizational task to a specific person or small group.