MGMT625 Week 2 Quiz Latest 2024
MGMT625 Week 2 Quiz:
Project Structure, Initiating, and Planning Process
Question 1
Portfolio management is similar to program management except that it is at a higher level.
True
False
Question 2
Name the three elements regarding stakeholder involvement that the project manager will be responsible for?
Deliverables, Stakeholders, and Project Goals
Stakeholders, Project Scope, and Budget
Identify, Manage Stakeholders, and Manage Stakeholder Participation
Planning Process, Monitoring, and Negotiations
Question 3
Organizations using programs and portfolios find it more effective to group projects into the following types of categories:
Internal and External
Customer based, Product based, and Organizational division
Project value and Project Structure
Project constraints, Organizational constraints, and Operational constraints
Question 4
Scope creep is the result of extra work activity that may or may not be approved.
True
False
Question 5
Most organizations have constraints at two levels: the team level and the project management level.
True
False
Question 6
Most organizations find that constraints at the project management level fall into the following two general categories:
Project management maturity of the organization and number of projects in cue
Planning and Initiation
Stakeholder management and Financial resources
Staffing for project teams and project selection
Question 7
_______________________ are a vital component to the success of a project.
Project managers
Stakeholders
Customer change requests
Scoring models
Question 8
Organizations use projects more independently because they are designed for a unique purpose.
True
False
Question 9
Individuals who can directly influence the development, management, or final outcome of a project can be considered _________________.
customers
stakeholders
project managers
investors
Question 10
Qualitative and Quantitative are two types of methodologies used to analyze data.
True
False
Question 11
Whether projects are small and simple or large and complex, detailed information is gathered on specific activities required within a project
True
False
Question 12
Specialized staff called portfolio managers or program managers are employed to consolidate multiple projects into like programs or portfolios and manage them in groups of projects.
True
False
Question 13
What are the three types of management structures used to carry out the scope of activities? Planning, Risk, and Communication
Cost, Time, and Budget
Program, Producing, and Supportive
Project, Program, and Portfolio
Question 14
In the first part of the project life cycle, during the conceptual phase, the initial activities required to create a project are conducted; this step is called the _________________.
supply model
deliverable projection
scoping process
initiating process
Question 15
What two terms are commonly used out of context or used incorrectly to label a process of project management?
Project scope and Project schedule
Stakeholder management and Client management
Project management plan and Project plan
Project plan and Project charter
Question 16
Which process in the project management plan is considered to be one of the most underdeveloped areas of a project from a planning standpoint?
Quality management
Communications management
Cost management
Risk management
Question 17
What are the four main project life-cycle phases discussed in the Wilson text?
Perceptions, Planning, Changes, and Review
Conceptual Review, Execution, and Risk
Conceptual, Planning, Execution, and Closure
Review, Planning, Risk, and Execution
Question 18
Name the two primary reasons projects are selected based on the type of organization.
Lessons from previous projects and Financial resources
Project manager experience and Specific customer demands
Project comparison to other projects and Process or product improvements for the organization
Portfolios and Programs
Question 19
Which three are part of six primary areas within organizations that can present problems in project selection:
Financial Resources, Deliverables, and Change Requests
Time, Scope, and Budget
Human Resources, Management, and In-house Technology
Facilities, Stakeholders, and Scheduling
Question 20
________________________ is all processes required to define, implement, monitor, control, and close project activities.
Product scope
Statement of work
Project scope
Project service
Question 21
_________________is used to outline a high-level description of the project objective and deliverable.
Project charter
Project plan
Stakeholder management plan
Risk management plan
Question 22
Projects that are used for specialized activities such as research and development, process improvement, or infrastructure-related business activities are called special projects.
True
False
Question 23
What model uses grading criteria to place a subjective value to a list of item of interest selected by the evaluators?
Scoring model
Evaluation model
Numerical model
Quality control model
Question 24
Depending on the size of the organization, the portfolio manager is typically seen as either mid-level, upper-level, or?
Highest-level
Executive Management
Professional-level
Administration
Question 25
One of the most difficult areas project managers have to manage is the _____________ of stakeholders.
uncertainty
expectations
specifications
attitudes
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