Question 1

In Crystal Ball,cells that contain outcomes we are interested in are called

Accepted Answer

A)  assumption cells 
B)  distribution cells 
C)  forecast cells 
D)  decision cells 
E)  define cells 
A)  assumption cells 
B)  distribution cells 
C)  forecast cells 
D)  decision cells 
E)  define cells

Question 2

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 3

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

Accepted Answer

A) True 
 B)False

Question 4

Having responsibility for the outcome of a project without the authority of rank or position is common in project management.

Accepted Answer

A) True 
 B)False

Question 5

Projects that begin with a slow start,have quick momentum in the middle,and have a slow finish are said to follow which type of lifecycle?

Accepted Answer

A)  J-shaped lifecycle 
B)  L-shaped lifecycle 
C)  an exponential growth lifecycle 
D)  an S-shaped lifecycle 
E)  an X-shaped lifecycle 
A)  J-shaped lifecycle 
B)  L-shaped lifecycle 
C)  an exponential growth lifecycle 
D)  an S-shaped lifecycle 
E)  an X-shaped lifecycle

Question 6

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

Accepted Answer

A) True 
 B)False

Question 7

Projects are always carried out under conditions of uncertainty.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following would NOT be considered a project?

Accepted Answer

A)  placing the weekly replenishment order 
B)  a political campaign 
C)  constructing a new office building 
D)  developing a new cancer treatment. 
E)  writing a new textbook 
A)  placing the weekly replenishment order 
B)  a political campaign 
C)  constructing a new office building 
D)  developing a new cancer treatment. 
E)  writing a new textbook

Question 9

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 10

A key deficiency of the aggregate project plan is that it provides little information about the resources committed to the various projects.

Accepted Answer

A) True 
 B)False

Question 11

Projects are subdivisions of programs.

Accepted Answer

A) True 
 B)False

Question 12

The comparative benefits method is considered a nonnumeric project selection method.

Accepted Answer

A) True 
 B)False

Question 13

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

Accepted Answer

A) True 
 B)False

Question 14

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 15

One reason for the emphasis on project management is that tasks fit neatly into business-as-usual.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following criteria can be included in scoring models for selecting projects?

Accepted Answer

A)  potential profitability of the project 
B)  potential impact on the firm's competitive position 
C)  the organization's ability to market the output of a project 
D)  All of the above can be included 
E)  only a and b above 
A)  potential profitability of the project 
B)  potential impact on the firm's competitive position 
C)  the organization's ability to market the output of a project 
D)  All of the above can be included 
E)  only a and b above

Question 17

A project that is selected because it is necessary for continued operations exemplifies a sacred cow.

Accepted Answer

A) True 
 B)False

Question 18

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

Accepted Answer

A) True 
 B)False

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

Searching for the third alternative is most closely associated with

Accepted Answer

A)  win-win negotiation 
B)  project planning 
C)  project budgeting 
D)  the three goals of a project 
E)  the weighted scoring model 
A)  win-win negotiation 
B)  project planning 
C)  project budgeting 
D)  the three goals of a project 
E)  the weighted scoring model

In Crystal Ball,cells that contain outcomes we are interested in are called

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.

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

Having responsibility for the outcome of a project without the authority of rank or position is common in project management.

Projects that begin with a slow start,have quick momentum in the middle,and have a slow finish are said to follow which type of lifecycle?

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

Projects are always carried out under conditions of uncertainty.

Which of the following would NOT be considered a project?

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

A key deficiency of the aggregate project plan is that it provides little information about the resources committed to the various projects.

Projects are subdivisions of programs.

The comparative benefits method is considered a nonnumeric project selection method.

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

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

One reason for the emphasis on project management is that tasks fit neatly into business-as-usual.

Which of the following criteria can be included in scoring models for selecting projects?

A project that is selected because it is necessary for continued operations exemplifies a sacred cow.

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

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

Searching for the third alternative is most closely associated with

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

In Crystal Ball,cells that contain outcomes we are interested in are called

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.

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

Having responsibility for the outcome of a project without the authority of rank or position is common in project management.

Projects that begin with a slow start,have quick momentum in the middle,and have a slow finish are said to follow which type of lifecycle?

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

Projects are always carried out under conditions of uncertainty.

Which of the following would NOT be considered a project?

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

A key deficiency of the aggregate project plan is that it provides little information about the resources committed to the various projects.

Projects are subdivisions of programs.

The comparative benefits method is considered a nonnumeric project selection method.

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

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

One reason for the emphasis on project management is that tasks fit neatly into business-as-usual.

Which of the following criteria can be included in scoring models for selecting projects?

A project that is selected because it is necessary for continued operations exemplifies a sacred cow.

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

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

Searching for the third alternative is most closely associated with

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