Exam 12: Project Management and Strategic Planning

Which of the following best describes the term scope creep? A) a method of keeping track of a project's progress unobtrusively B) the way in which project features are added in an uncontrolled way C) the process through which a project's goals can be achieved much ahead of the deadline D) a method of assessing the resource requirements for a project

________ is a structured approach for the transition employees must make as they switch from their existing work processes to new ones. A) Change management B) Total quality management C) Project portfolio management D) Knowledge management

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

A(n) ________ is a temporary activity that is launched for a specific purpose, to carry out a particular objective. A) project B) system C) process D) milestone

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

Project charters are drafted in kickoff meetings.

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

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

Which of the following best defines change management?

A(n) ________ bias refers to a belief that an actual event was predictable even if it was not. A) anchoring B) hindsight C) confirmation D) distinction

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

A ________ lists tasks on the work breakdown structure, along with each task's projected start and finish dates, in graphical format.

The term ________ refers to the tendency for people to rely too heavily on one piece of information to adjust their estimates, even if it is irrelevant. A) availability bias B) confirmation bias C) anchoring D) predecessors

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

Which of the following sets of processes is carried out first in project management? A) executing process B) initiating process C) implementing process D) monitoring process

Which of the following is the most critical factor that contributes to failure of projects? A) limited scope B) low customization C) high stakeholder involvement D) unrealistic time frames

Which of the following best defines escalation of commitment? 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

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

What is a project charter?

A black swan refers to those favorable, external events which contribute to an organization's growth.