Question 1

A project is a temporary activity that is launched for a specific purpose to carry out a particular objective.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following is an accurate definition of a project?

Accepted Answer

A) a temporary activity to carry out a particular objective 
B) a series of events that continually replicate a product 
C) an undertaking with a general objective of improving an organization 
D) a recurring sequence of events that facilitate the creation of a service 
A) a temporary activity to carry out a particular objective 
B) a series of events that continually replicate a product 
C) an undertaking with a general objective of improving an organization 
D) a recurring sequence of events that facilitate the creation of a service

Question 3

The term ________ refers to the way in which features are added in an uncontrolled way, often without considering the impact on the budget or timeline.

Accepted Answer

A) cone of uncertainty 
B) scope creep 
C) risk appetite 
D) conceptual fusion 
A) cone of uncertainty 
B) scope creep 
C) risk appetite 
D) conceptual fusion

Question 4

Which of the following best defines escalation of commitment?

Accepted Answer

A) the tendency to invest in a project when it offers increasing returns over a period of time 
B) the tendency of employees to increase productivity at work when provided with incentives 
C) the tendency of employees to quit an organization when their needs are being disregarded 
D) the tendency to continue to invest in a project despite mounting evidence that it is not succeeding 
A) the tendency to invest in a project when it offers increasing returns over a period of time 
B) the tendency of employees to increase productivity at work when provided with incentives 
C) the tendency of employees to quit an organization when their needs are being disregarded 
D) the tendency to continue to invest in a project despite mounting evidence that it is not succeeding

Question 5

What is a project charter?

Accepted Answer

A project charter is a key document that

Question 6

A(n)________ is a temporary activity that is launched for a specific purpose, to carry out a particular objective.

Accepted Answer

A) project 
B) system 
C) process 
D) milestone 
A) project 
B) system 
C) process 
D) milestone

Question 7

What is a black swan in a business environment? Explain.

Accepted Answer

A black swan refers to those extremely r

Question 8

In which of the following project management areas is a Gantt chart most likely to be used?

Accepted Answer

A) scope assessment 
B) time management 
C) human resource management 
D) risk management 
A) scope assessment 
B) time management 
C) human resource management 
D) risk management

Question 9

Which of the following is most likely to be a consequence of a security breach in an organization?

Accepted Answer

A) massive absenteeism 
B) electrical outages 
C) alteration of data 
D) employee evacuations 
A) massive absenteeism 
B) electrical outages 
C) alteration of data 
D) employee evacuations

Question 10

The stage at which a project is conceived is known as the ________ process.

Accepted Answer

A) initiating 
B) planning 
C) monitoring 
D) controlling 
A) initiating 
B) planning 
C) monitoring 
D) controlling

Question 11

The ________ lays out rules about what employees are allowed to do with IT resources and what activities are disallowed.

Accepted Answer

A) executive summary 
B) acceptable-use policy 
C) project charter 
D) project proposal 
A) executive summary 
B) acceptable-use policy 
C) project charter 
D) project proposal

Question 12

Which of the following best describes confirmation bias?

Accepted Answer

A) the tendency to claim more responsibility for successes than failures 
B) the tendency of a person to overestimate how much other people agree with him or her 
C) the tendency to choose information that supports our existing position 
D) the tendency to view two options as more distinctive when evaluating them simultaneously than when evaluating them separately 
A) the tendency to claim more responsibility for successes than failures 
B) the tendency of a person to overestimate how much other people agree with him or her 
C) the tendency to choose information that supports our existing position 
D) the tendency to view two options as more distinctive when evaluating them simultaneously than when evaluating them separately

Question 13

Which of the following is a characteristic of a process?

Accepted Answer

A) a specific, unique purpose 
B) elements of uncertainty 
C) temporary endeavor 
D) recurring in nature 
A) a specific, unique purpose 
B) elements of uncertainty 
C) temporary endeavor 
D) recurring in nature

Question 14

The stage at which early phase managers identify the major players in the project, including the sponsor, the project manager, the team members, and other stakeholders, is known as the ________.

Accepted Answer

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

Question 15

A(n)________ is a document that clarifies which features are included in a project.

Accepted Answer

A) executive summary 
B) business case 
C) scope statement 
D) mission statement 
A) executive summary 
B) business case 
C) scope statement 
D) mission statement

Question 16

The term ________ is used to describe an extremely rare event that is difficult or nearly impossible to predict, but which can have an immense impact in areas such as technology, finance, and science.

Accepted Answer

A) honeypot 
B) Trojan horse 
C) black swan 
D) long tail 
A) honeypot 
B) Trojan horse 
C) black swan 
D) long tail

Question 17

A real estate developer in the New Jersey area purchases a large tract of land and plans to build an apartment complex equipped with a golf course and other amenities. The developer is targeting the affluent software engineers from Manhattan who are looking for second homes. Halfway through the process of construction, recession hits the nation and many people lose their jobs. There are no takers for the apartments the developer is building, as homebuyers look for less expensive options. The developer, dismayed at the huge investment he has already made in the project, decides that it would be unwise to stop the project and plans to go ahead with it. The developer's reasoning is consistent with the idea of ________.

Accepted Answer

A) progress trap 
B) post-purchase rationalization 
C) buyer's remorse 
D) escalation of commitment 
A) progress trap 
B) post-purchase rationalization 
C) buyer's remorse 
D) escalation of commitment

Question 18

Which of the following best describes a planning fallacy?

Accepted Answer

A) the tendency to choose information supporting our existing position and ignore conflicting evidence 
B) the tendency to underestimate the time it will take to complete a task 
C) the tendency to rely on one piece of information, however irrelevant 
D) the tendency to believe that an actual event was predictable even if it was not 
A) the tendency to choose information supporting our existing position and ignore conflicting evidence 
B) the tendency to underestimate the time it will take to complete a task 
C) the tendency to rely on one piece of information, however irrelevant 
D) the tendency to believe that an actual event was predictable even if it was not

Question 19

Why is it important to document the lessons learned during the course of a project?

Accepted Answer

The closing phase of a project should in

Question 20

________ is a structured approach for the transition employees must make as they switch from their existing work processes to new ones.

Accepted Answer

A) Change management 
B) Total quality management 
C) Project portfolio management 
D) Knowledge management 
A) Change management 
B) Total quality management 
C) Project portfolio management 
D) Knowledge management

A project is a temporary activity that is launched for a specific purpose to carry out a particular objective.

Which of the following is an accurate definition of a project?

The term ________ refers to the way in which features are added in an uncontrolled way, often without considering the impact on the budget or timeline.

Which of the following best defines escalation of commitment?

What is a project charter?

A(n)________ is a temporary activity that is launched for a specific purpose, to carry out a particular objective.

What is a black swan in a business environment? Explain.

In which of the following project management areas is a Gantt chart most likely to be used?

Which of the following is most likely to be a consequence of a security breach in an organization?

The stage at which a project is conceived is known as the ________ process.

The ________ lays out rules about what employees are allowed to do with IT resources and what activities are disallowed.

Which of the following best describes confirmation bias?

Which of the following is a characteristic of a process?

The stage at which early phase managers identify the major players in the project, including the sponsor, the project manager, the team members, and other stakeholders, is known as the ________.

A(n)________ is a document that clarifies which features are included in a project.

The term ________ is used to describe an extremely rare event that is difficult or nearly impossible to predict, but which can have an immense impact in areas such as technology, finance, and science.

Which of the following best describes a planning fallacy?

Why is it important to document the lessons learned during the course of a project?

________ is a structured approach for the transition employees must make as they switch from their existing work processes to new ones.

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

A project is a temporary activity that is launched for a specific purpose to carry out a particular objective.

Which of the following is an accurate definition of a project?

The term ________ refers to the way in which features are added in an uncontrolled way, often without considering the impact on the budget or timeline.

Which of the following best defines escalation of commitment?

What is a project charter?

A(n)________ is a temporary activity that is launched for a specific purpose, to carry out a particular objective.

What is a black swan in a business environment? Explain.

In which of the following project management areas is a Gantt chart most likely to be used?

Which of the following is most likely to be a consequence of a security breach in an organization?

The stage at which a project is conceived is known as the ________ process.

The ________ lays out rules about what employees are allowed to do with IT resources and what activities are disallowed.

Which of the following best describes confirmation bias?

Which of the following is a characteristic of a process?

The stage at which early phase managers identify the major players in the project, including the sponsor, the project manager, the team members, and other stakeholders, is known as the ________.

A(n)________ is a document that clarifies which features are included in a project.

The term ________ is used to describe an extremely rare event that is difficult or nearly impossible to predict, but which can have an immense impact in areas such as technology, finance, and science.

Which of the following best describes a planning fallacy?

Why is it important to document the lessons learned during the course of a project?

________ is a structured approach for the transition employees must make as they switch from their existing work processes to new ones.

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