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Exam 1: Modern Project Management

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Question 1

True/False

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The professional certification for project managers is a Project Management Professional (PMP).

A) True
B) False

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Question 2

Multiple Choice

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Which of the following choices is not one of the stages of a project life cycle?

A) Conceptualizing
B) Defining
C) Planning
D) Executing
E) Delivering

F) C) and D)
G) B) and E)

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Question 3

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

Project management integration necessitates combining all of the major dimensions of project management under one umbrella.

A common rule of thumb in the world of high-tech product development is that a six-month project delay can result in a __________ percent loss in product revenue share.

Project management is becoming a standard way of doing business.

In which of the following stages are project objectives established, teams formed, and major responsibilities assigned?

One of the defining characteristics of a project is that it has a singular purpose, i.e., an established ________.

The initial stage in the Project Life Cycle is the __________ stage.

Which of these is not part of the "technical dimension" of project management?

Competing in a global market is influenced by

Project management is usually restricted to specialists.

The development of schedules, budgets, and identifying risks are common elements to the ________ stage of the project life cycle.

Integration of project management with the organization takes place with the

Describe the connection between Project Management and an organization's Strategic Plan.

Unlike their functional counterparts, project managers generally possess only rudimentary technical knowledge to make trade-off decisions.

Which of the following characteristics is not typical of a project manager?

One of the characteristics that separate project management from other endeavors of the organization is that there are specific time, cost, and performance requirements.

Corporate downsizing has increased the trend toward

Because projects have a defined beginning and end, the ________ is frequently used to manage the transition of a project from start to completion.