Question 1

Escalation of commitment refers to the tendency of people to increase features in a project in order to accommodate excess resources.

Accepted Answer

A) True 
 B)False  False

Question 2

What is a program management office?

Accepted Answer

A program management office is that part or department of an organization that oversees all the projects going on throughout the organization and provides project management training, software, and support. These offices also help resolve the conflicts that arise between project managers vying for the time of IT staff or other resources. With the organization's goals in mind, the PMO can make the tough decisions about how scarce resources are assigned and which projects will take precedence. To track progress on all the projects, the PMO collects data from each one and aggregates it, building a larger picture of the overall health of the organization's project portfolio.

Question 3

The ________ phase in a project involves documenting lessons learned from the project, so that the experience is useful to other project teams and adds to the organization's knowledge base.
A) executing
B) planning
C) closing
D) initiating

Accepted Answer

C

Question 4

Which of the following best describes a hindsight bias?
A) the tendency to rely on one piece of information, however irrelevant
B) the tendency to claim more responsibility for successes than failures
C) the tendency to choose information that supports our existing position
D) the belief that an actual event was predictable even if it was not

Accepted Answer

The answer of Which of the following best describes a...

Question 5

Which among the following is the best example of a project?
A) backing up organizational data periodically
B) performing weekly information system maintenance
C) updating software programs regularly
D) opening a new branch office

Accepted Answer

The answer of Which among the following is the best...

Question 6

Explain the closing processes involved in project management.

Accepted Answer

The closing processes formally end the p

Question 7

________ in project management include all the coordinating efforts that ensure that tasks on the work breakdown structure are carried out properly.
A) Initiating processes
B) Designing processes
C) Planning processes
D) Executing processes

Accepted Answer

The answer of ________ in project management include all the...

Question 8

How does a project charter help in managing a project?
A) defines project metrics very clearly so there is no scope for change midway through project execution
B) helps make the project management process more informal and fosters greater collaboration
C) tracks the progress of the project and sets benchmarks for the project team to achieve
D) avoids unexpected surprises and leaves room for changes to meet organization's needs

Accepted Answer

The answer of How does a project charter help in...

Question 9

A ________ is a series of events designed to deliver a product or service that is recurring in nature.
A) process
B) milestone
C) project
D) task

Accepted Answer

The answer of A ________ is a series of events...

Question 10

A(n) ________ bias refers to the tendency to judge the probability of an event based on how easily examples come to mind.
A) availability
B) overconfidence
C) anchoring
D) optimism

Accepted Answer

The answer of A(n) ________ bias refers to the tendency...

Question 11

________ refers to maintaining an organization's business operations to avoid a devastating revenue loss and damaged reputation.

Accepted Answer

A)  Business continuity 
B)  First-order resolution 
C)  Escalation of commitment 
D)  Business incubation 
A)  Business continuity 
B)  First-order resolution 
C)  Escalation of commitment 
D)  Business incubation

Question 12

Black swan events ________.

Accepted Answer

A)  have minimal impact in areas such as technology, finance, and science 
B)  are usually easy to predict 
C)  occur frequently in the information technology field 
D)  pose difficult challenges for strategic planners 
A)  have minimal impact in areas such as technology, finance, and science 
B)  are usually easy to predict 
C)  occur frequently in the information technology field 
D)  pose difficult challenges for strategic planners

Question 13

Which of the following is an accurate definition of "black swans"?

Accepted Answer

A)  malicious software programs with the potential to disable enormous networks 
B)  software programs that are designed to attract malicious attacks to study their properties 
C)  events that occur very rarely and are difficult or nearly impossible to predict 
D)  stages along the project management process at which regular progress checks are made 
A)  malicious software programs with the potential to disable enormous networks 
B)  software programs that are designed to attract malicious attacks to study their properties 
C)  events that occur very rarely and are difficult or nearly impossible to predict 
D)  stages along the project management process at which regular progress checks are made

Question 14

Which of the following collects data from each project and aggregates it, building a larger picture of the overall health of the organization's project portfolio?

Accepted Answer

A)  records management office 
B)  program management office 
C)  document management office 
D)  change management office 
A)  records management office 
B)  program management office 
C)  document management office 
D)  change management office

Question 15

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 16

What are the essential characteristics that a project manager should possess?

Accepted Answer

The project manager needs leadership ski

Question 17

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 18

________ track progress from start to finish, pinpointing any deviations from the plan.
A) Initiating processes
B) Executing and coordinating processes
C) Planning processes
D) Monitoring and controlling processes

Accepted Answer

The answer of ________ track progress from start to finish,...

Question 19

The planning processes lay the groundwork for the project by clarifying the value it will bring to the organization, setting its objectives, and estimating the project's length, scope, and cost.

Accepted Answer

A) True 
 B)False

Question 20

Executing processes involve coordinating efforts that ensure the tasks on the work breakdown structure are carried out properly.

Accepted Answer

A) True 
 B)False

Escalation of commitment refers to the tendency of people to increase features in a project in order to accommodate excess resources.

What is a program management office?

The ________ phase in a project involves documenting lessons learned from the project, so that the experience is useful to other project teams and adds to the organization's knowledge base. A) executing B) planning C) closing D) initiating

Which among the following is the best example of a project? A) backing up organizational data periodically B) performing weekly information system maintenance C) updating software programs regularly D) opening a new branch office

Explain the closing processes involved in project management.

________ in project management include all the coordinating efforts that ensure that tasks on the work breakdown structure are carried out properly. A) Initiating processes B) Designing processes C) Planning processes D) Executing processes

A ________ is a series of events designed to deliver a product or service that is recurring in nature. A) process B) milestone C) project D) task

A(n) ________ bias refers to the tendency to judge the probability of an event based on how easily examples come to mind. A) availability B) overconfidence C) anchoring D) optimism

________ refers to maintaining an organization's business operations to avoid a devastating revenue loss and damaged reputation.

Black swan events ________.

Which of the following is an accurate definition of "black swans"?

Which of the following collects data from each project and aggregates it, building a larger picture of the overall health of the organization's project portfolio?

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

What are the essential characteristics that a project manager should possess?

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.

________ track progress from start to finish, pinpointing any deviations from the plan. A) Initiating processes B) Executing and coordinating processes C) Planning processes D) Monitoring and controlling processes

The planning processes lay the groundwork for the project by clarifying the value it will bring to the organization, setting its objectives, and estimating the project's length, scope, and cost.

Executing processes involve coordinating efforts that ensure the tasks on the work breakdown structure are carried out properly.

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

Escalation of commitment refers to the tendency of people to increase features in a project in order to accommodate excess resources.

What is a program management office?

The ________ phase in a project involves documenting lessons learned from the project, so that the experience is useful to other project teams and adds to the organization's knowledge base. A) executing B) planning C) closing D) initiating

Which among the following is the best example of a project? A) backing up organizational data periodically B) performing weekly information system maintenance C) updating software programs regularly D) opening a new branch office

Explain the closing processes involved in project management.

________ in project management include all the coordinating efforts that ensure that tasks on the work breakdown structure are carried out properly. A) Initiating processes B) Designing processes C) Planning processes D) Executing processes

A ________ is a series of events designed to deliver a product or service that is recurring in nature. A) process B) milestone C) project D) task

A(n) ________ bias refers to the tendency to judge the probability of an event based on how easily examples come to mind. A) availability B) overconfidence C) anchoring D) optimism

________ refers to maintaining an organization's business operations to avoid a devastating revenue loss and damaged reputation.

Black swan events ________.

Which of the following is an accurate definition of "black swans"?

Which of the following collects data from each project and aggregates it, building a larger picture of the overall health of the organization's project portfolio?

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

What are the essential characteristics that a project manager should possess?

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.

________ track progress from start to finish, pinpointing any deviations from the plan. A) Initiating processes B) Executing and coordinating processes C) Planning processes D) Monitoring and controlling processes

The planning processes lay the groundwork for the project by clarifying the value it will bring to the organization, setting its objectives, and estimating the project's length, scope, and cost.

Executing processes involve coordinating efforts that ensure the tasks on the work breakdown structure are carried out properly.

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