Question 1

Which of the following best describes an anchoring bias?

Accepted Answer

A) the tendency to rely on one specific piece of information, irrespective of its irrelevance 
B) the tendency to judge the probability of an event based on how easily examples come to mind 
C) the tendency to underestimate the time it will take to complete a task 
D) the tendency to draw different conclusions from a wide range of information 
A) the tendency to rely on one specific piece of information, irrespective of its irrelevance 
B) the tendency to judge the probability of an event based on how easily examples come to mind 
C) the tendency to underestimate the time it will take to complete a task 
D) the tendency to draw different conclusions from a wide range of information

Question 2

A company requires its employees to include a certain disclaimer in their emails that states that the company is not responsible if recipients of emails rely on the advice provided by the employees. What potential threat does such a disclaimer protect the company from?

Accepted Answer

A) implied contractual obligations 
B) transmission of viruses 
C) negligent misstatements 
D) employee misuse 
A) implied contractual obligations 
B) transmission of viruses 
C) negligent misstatements 
D) employee misuse

Question 3

Which of the following sets of processes is carried out first in project management?

Accepted Answer

A) executing process 
B) initiating process 
C) implementing process 
D) monitoring process 
A) executing process 
B) initiating process 
C) implementing process 
D) monitoring process

Question 4

It is good practice for project managers to spend more time on the executing processes than any other processes.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following is a feature of a project's closing process?

Accepted Answer

A) identifying deliverables and components needed to achieve success 
B) allocating work assignments and monitoring progress of the team 
C) negotiating contracts and conducting research to achieve results 
D) signing off by the sponsor that all deliverables have been accepted 
A) identifying deliverables and components needed to achieve success 
B) allocating work assignments and monitoring progress of the team 
C) negotiating contracts and conducting research to achieve results 
D) signing off by the sponsor that all deliverables have been accepted

Question 6

A confirmation bias is a rare human tendency to believe that an event was predictable even if it was not.

Accepted Answer

A) True 
 B)False

Question 7

Write a brief note on the executing processes for a project.

Accepted Answer

Executing processes include all the coor

Question 8

Which of the following best describes overconfidence bias?

Accepted Answer

A) the tendency to judge the probability of an event based on how easily examples come to mind 
B) the tendency to choose information that supports our existing position and ignore conflicting evidence 
C) a tendency to overestimate the time it will take to complete a task 
D) the act of having more faith in our own estimates than is realistically justified 
A) the tendency to judge the probability of an event based on how easily examples come to mind 
B) the tendency to choose information that supports our existing position and ignore conflicting evidence 
C) a tendency to overestimate the time it will take to complete a task 
D) the act of having more faith in our own estimates than is realistically justified

Question 9

Explain how project management software helps managers to plan and track projects.

Accepted Answer

Project management software provides ext

Question 10

One of the critical factors that contribute to the failure of projects is ________.

Accepted Answer

A) the limited scope of the project 
B) the lack of executive support for the project 
C) the low requirement for customization 
D) the high stakeholder involvement in the project 
A) the limited scope of the project 
B) the lack of executive support for the project 
C) the low requirement for customization 
D) the high stakeholder involvement in the project

Question 11

Which of the following should a project manager ideally do to efficiently manage a project?

Accepted Answer

A) commit to delivering features that stakeholders are expecting even if timelines are narrow 
B) allow end-users to learn from their mistakes instead of hand-holding after launch 
C) avoid making unpopular decisions that might dismay the clients 
D) communicate the time, cost, and scope constraints clearly as the project unfolds 
A) commit to delivering features that stakeholders are expecting even if timelines are narrow 
B) allow end-users to learn from their mistakes instead of hand-holding after launch 
C) avoid making unpopular decisions that might dismay the clients 
D) communicate the time, cost, and scope constraints clearly as the project unfolds

Question 12

Which of the following best defines predecessors in a work breakdown structure?

Accepted Answer

A) the tasks that are performed over a long period of time, side by side with new tasks 
B) the tasks that need to be completed before a particular task can begin 
C) the new tasks that are undertaken right after a long overdue task is completed 
D) the tasks that are undertaken as a continuation of older, incomplete tasks 
A) the tasks that are performed over a long period of time, side by side with new tasks 
B) the tasks that need to be completed before a particular task can begin 
C) the new tasks that are undertaken right after a long overdue task is completed 
D) the tasks that are undertaken as a continuation of older, incomplete tasks

Question 13

What is hindsight bias and how is it different from a confirmation bias? Explain.

Accepted Answer

A hindsight bias refers to the human ten

Question 14

Lack of customization and high stakeholder involvement are amongst some of the most cited reasons for project failure.

Accepted Answer

A) True 
 B)False

Question 15

Change management refers to a structured approach to the transition employees must make as they switch from their existing work processes to new ones.

Accepted Answer

A) True 
 B)False

Question 16

Explain the closing processes involved in project management.

Accepted Answer

The closing processes formally end the p

Question 17

Which of the following best describes deliverables in a project?

Accepted Answer

A) products, documents, or services that will be handed over to the sponsor 
B) standards expected by a client from the project team 
C) guidelines that a manager formulates for a team to follow 
D) resources needed for smooth execution of a project 
A) products, documents, or services that will be handed over to the sponsor 
B) standards expected by a client from the project team 
C) guidelines that a manager formulates for a team to follow 
D) resources needed for smooth execution of a project

Question 18

The critical path in a Gantt chart is the shortest path through the project and identifies those tasks that can be delayed without affecting the finish date.

Accepted Answer

A) True 
 B)False

Question 19

The human tendency to choose information to examine and support a view they already hold and ignore data that might refute their hypothesis is known as a ________.

Accepted Answer

A) confirmation bias 
B) optimism bias 
C) choice-supportive bias 
D) distinction bias 
A) confirmation bias 
B) optimism bias 
C) choice-supportive bias 
D) distinction bias

Question 20

Which among the following is the hardest task for an organization's program management office?

Accepted Answer

A) resolving conflicts between project managers 
B) offering software and support to different projects 
C) providing project management training 
D) collecting consistent data from projects 
A) resolving conflicts between project managers 
B) offering software and support to different projects 
C) providing project management training 
D) collecting consistent data from projects

Which of the following best describes an anchoring bias?

A company requires its employees to include a certain disclaimer in their emails that states that the company is not responsible if recipients of emails rely on the advice provided by the employees. What potential threat does such a disclaimer protect the company from?

Which of the following sets of processes is carried out first in project management?

It is good practice for project managers to spend more time on the executing processes than any other processes.

Which of the following is a feature of a project's closing process?

A confirmation bias is a rare human tendency to believe that an event was predictable even if it was not.

Write a brief note on the executing processes for a project.

Which of the following best describes overconfidence bias?

Explain how project management software helps managers to plan and track projects.

One of the critical factors that contribute to the failure of projects is ________.

Which of the following should a project manager ideally do to efficiently manage a project?

Which of the following best defines predecessors in a work breakdown structure?

What is hindsight bias and how is it different from a confirmation bias? Explain.

Lack of customization and high stakeholder involvement are amongst some of the most cited reasons for project failure.

Change management refers to a structured approach to the transition employees must make as they switch from their existing work processes to new ones.

Explain the closing processes involved in project management.

Which of the following best describes deliverables in a project?

The critical path in a Gantt chart is the shortest path through the project and identifies those tasks that can be delayed without affecting the finish date.

The human tendency to choose information to examine and support a view they already hold and ignore data that might refute their hypothesis is known as a ________.

Which among the following is the hardest task for an organization's program management office?

Information Systems and People

Information Systems and Strategy

Information and Communications Technologies: The Enterprise Architecture

Databases and Datawarehouses

Information Systems for the Enterprise

The Web, E-Commerce, and M-Commerce

Business Intelligence and Decision Making

Collaborating With Technology

Knowledge Management and E-Learning

Ethics, Privacy, and Security

Systems Development and Procurement

Filters

Exam 12: Project Management and Strategic Planning

Which of the following best describes an anchoring bias?

A company requires its employees to include a certain disclaimer in their emails that states that the company is not responsible if recipients of emails rely on the advice provided by the employees. What potential threat does such a disclaimer protect the company from?

Which of the following sets of processes is carried out first in project management?

It is good practice for project managers to spend more time on the executing processes than any other processes.

Which of the following is a feature of a project's closing process?

A confirmation bias is a rare human tendency to believe that an event was predictable even if it was not.

Write a brief note on the executing processes for a project.

Which of the following best describes overconfidence bias?

Explain how project management software helps managers to plan and track projects.

One of the critical factors that contribute to the failure of projects is ________.

Which of the following should a project manager ideally do to efficiently manage a project?

Which of the following best defines predecessors in a work breakdown structure?

What is hindsight bias and how is it different from a confirmation bias? Explain.

Lack of customization and high stakeholder involvement are amongst some of the most cited reasons for project failure.

Change management refers to a structured approach to the transition employees must make as they switch from their existing work processes to new ones.

Explain the closing processes involved in project management.

Which of the following best describes deliverables in a project?

The critical path in a Gantt chart is the shortest path through the project and identifies those tasks that can be delayed without affecting the finish date.

The human tendency to choose information to examine and support a view they already hold and ignore data that might refute their hypothesis is known as a ________.

Which among the following is the hardest task for an organization's program management office?

Information Systems and People

Information Systems and Strategy

Information and Communications Technologies: The Enterprise Architecture

Databases and Datawarehouses

Information Systems for the Enterprise

The Web, E-Commerce, and M-Commerce

Business Intelligence and Decision Making

Collaborating With Technology

Knowledge Management and E-Learning

Ethics, Privacy, and Security

Systems Development and Procurement

Filters