Exam 1: Modern Project Management

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Governance of all project management processes and procedures helps provide senior management with all of the following EXCEPT

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In some organizations, selection and management of projects often fail to support the overall _________ of the organization.

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Project managers are expected to ensure that appropriate trade-offs are made between the time, cost, and __________ requirements of the project.

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Project management is important to understand when people are a part of a project team because they

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In today's high-tech industries the product life cycle is averaging _________ to 3 years.

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In the _____________ stage of What is a Project? project the product is delivered to the customer and resources are released from the project.

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"Project managers perform the same functions as other managers." Agree or disagree, and support your decision.

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Applying a set of knowledge, skills, tools, and techniques to a collection of projects in order to move the organization toward its strategic goals is known as project ____________.

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Project Management is critically important only for the electronics industry.

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Which of these is NOT part of the "sociocultural dimension" of project management?

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What are the major differences between managing a process and managing a project?

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A temporary endeavor undertaken to create a unique product, service, or result is a(n)_________.

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At first glance, project managers perform the same functions as other managers.That is, they plan, schedule, motivate and control.

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Due to corporate downsizing, significant segments of project work have been outsourced to other organizations.

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Describe what project governance means to project management.Why is it important to organizational strategy?

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A program is a process designed to accomplish a common goal over time.

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What is the difference between a project and a program?

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Projects typically require the combined efforts of a variety of specialists.

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Increased competition has placed a premium on customer satisfaction and the development of __________ products and services.

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In the _____________ stage of What is a project?, project objectives are established, teams are formed, and major responsibilities are assigned.

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