Project Management
Exam Materials
Course Introduction
Project Management equips students with the essential knowledge and skills required to effectively initiate, plan, execute, monitor, control, and close projects across various industries. The course covers key concepts such as project life cycles, scope management, time and cost estimation, resource allocation, risk assessment, and stakeholder communication. Students learn to utilize project management tools and methodologies, including Agile and Waterfall, to ensure successful project delivery within defined constraints. Through real-world case studies and practical exercises, learners develop critical thinking and leadership abilities needed to manage teams and achieve project objectives efficiently.
Recommended Textbook
Successful Project Management with Microsoft Project 2010 5th Edition by Jack Gido
Available Study Resources on Quizplus 14 Chapters 1226 Verified Questions 1226 Flashcards
Source URL: https://quizplus.com/study-set/455 Page 2
Chapter 1: Project Management Concepts
Available Study Resources on Quizplus for this Chatper
74 Verified Questions
74 Flashcards
Source URL: https://quizplus.com/quiz/8069
Sample Questions
Q1) Determining the market for a product for a gain of 5% market share within 18 months and $20,000 budget.
A)True
B)False
Answer: True
Q2) A work breakdown structure shows the necessary sequence and dependent relationships of the detailed activities for a project.
A)True
B)False
Answer: False
Q3) The project objective requires completing the project work scope and producing all the deliverables by a certain time and within budget.
A)True
B)False
Answer: True
Q4) Every project has a starting date and an ending date.
A)True
B)False Answer: True
To view all questions and flashcards with answers, click on the resource link above. Page 3
Chapter 2: Identifying and Selecting Projects
Available Study Resources on Quizplus for this Chatper
70 Verified Questions
70 Flashcards
Source URL: https://quizplus.com/quiz/8070
Sample Questions
Q1) The RFP should state what deliverables the customer expects the contractor to provide.
A)True
B)False
Answer: True
Q2) Housing Transitions, a local not-for-profit organization that provides temporary housing for people that are in transition (i.e., just moved into an area, lost their home due to an unexpected event, etc.), has noticed paint on the outside of the house is peeling.
Describe a project that will advance their mission and solve the problem of the paint peeling.
Answer: Responses should include:
a.during an organization's strategic planning
b.in response to unexpected events,
c.or as a result of a group of individuals deciding to organize a project to address a particular need
Projects are identified in various ways during an organization's strategic planning; in response to unexpected events, or as a result of a group of individuals deciding to organize a project to address a particular need.
To view all questions and flashcards with answers, click on the resource link above. Page 4
Chapter 3: Developing Project Proposals
Available Study Resources on Quizplus for this Chatper
111 Verified Questions
111 Flashcards
Source URL: https://quizplus.com/quiz/8071
Sample Questions
Q1) The amount of profit on a project is adjusted depending upon the amount of competition for a project.
A)True
B)False
Answer: True
Q2) One party is prohibited from disclosing confidential information, technologies, or processes utilized by the other party during the project to anyone else or using it for any purpose other than work on the project.
A)True
B)False
Answer: True
Q3) In _________________, the customer usually requires that, throughout the project, the contractor regularly compares actual expenditures with the proposed budget and reforecasts cost at-completion, comparing it with the original proposed price.
A) fixed price contracts
B) fixed agreements
C) cost reimbursement contracts
D) work agreements
Answer: C
To view all questions and flashcards with answers, click on the resource link above. Page 5
Chapter 4: Defining Scope, Quality, Responsibility, and Activity Sequence
Available Study Resources on Quizplus for this Chatper
129 Verified Questions
129 Flashcards
Source URL: https://quizplus.com/quiz/8072
Sample Questions
Q1) Arrows linking the activity boxes in a network diagram show the _______ of the dependent relationship.
A) requirement
B) direction
C) strength
D) time of the slack to start
Q2) The project objective is usually defined in terms of the
A) all the constraints for the project.
B) end product or deliverable, schedule, and budget.
C) initiating, planning, executing, and controlling.
D) project scope.
Q3) The ___________ states the specific deliverable that is expected to be completed from the work activities associated with each lowest level-work package.
A) WBS in an indentured list format
B) WBS in a hierarchical graphic chart format
C) responsibility assignment matrix
D) network diagram
Q4) List at least three ways information to further refine the customer requirements in the project charter or RFP can be obtained or collected.
Page 6
To view all questions and flashcards with answers, click on the resource link above.
Chapter 5: Developing the Schedule
Available Study Resources on Quizplus for this Chatper
79 Verified Questions
79 Flashcards
Source URL: https://quizplus.com/quiz/8073
Sample Questions
Q1) The estimated activity resources will also be used later for estimating activity costs and determining the project budget.
A)True
B)False
Q2) The project control process must occur regularly throughout the project and include all of the following except
A) Record information on changes to the project scope, schedule, and budget.
B) Gather data on actual performance.
C) Having a single inspection of the project's deliverables at the end of the project.
D) Establish regular reporting meetings to compare actual to planned progress.
Q3) The latest finish time for a specific activity must be the same as or earlier than the earliest of all the latest start times of all the activities emerging directly from that specific activity.
A)True
B)False
Q4) This longest path in the overall network diagram is called the network path.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above.
7
Chapter 6: Resource Utilization
Available Study Resources on Quizplus for this Chatper
21 Verified Questions
21 Flashcards
Source URL: https://quizplus.com/quiz/8074
Sample Questions
Q1) In addition to showing the technical constraints among activities, how does the network logic also take into account resource constraints?
A) Activities that use the same resource may not be able to occur in parallel to each other.
B) Activities that use different resources may be shown in a serial relationship.
C) The activities could be shown in a loop relationship.
D) Resources that are unlimited are not shown in a resource assignment.
Q2) When several activities need the same limited resource at the same time, the activities with
A) the least slack have first priority.
B) the longest duration have first priority.
C) the near term have first priority.
D) use the most resources have first priority.
Q3) Resource-limited scheduling will not extend the project completion time if necessary in order to keep within the resource limits.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above.
8
Chapter 7: Determining Costs, Budget, and Earned Value
Available Study Resources on Quizplus for this Chatper
69 Verified Questions
69 Flashcards
Source URL: https://quizplus.com/quiz/8075
Sample Questions
Q1) Managing cash flow involves making sure that sufficient payments are received from the customer in time so that
A) you have enough money to cover the costs of performing the project.
B) you hold a reserve of funds instead of paying bills.
C) payroll can be paid and suppliers are delayed indefinitely.
D) deposits can be made in several different accounts.
Q2) Based on analysis of actual cost it is possible to forecast what the total costs will be at the completion of the project or work package.
A)True
B)False
Q3) Materials costs in the project costs estimate are the estimated costs of materials that the project team or contractor
A) want to have in supply in the office.
B) needs even if not for this particular project.
C) needs to purchase for the project.
D) might want to use on the project.
Q4) Cost estimates should be unreasonable and excessive.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 9
Chapter 8: Managing Risk
Available Study Resources on Quizplus for this Chatper
45 Verified Questions
45 Flashcards
Source URL: https://quizplus.com/quiz/8076
Sample Questions
Q1) Establishing risk categories may help to identify and evaluate risks. Some categories to help identify risks include all the following except:
A) technical and schedule.
B) cost and human resources.
C) previously identified risks.
D) external factors, sponsor and customer.
Q2) __________ involves regularly reviewing the risk management matrix throughout the project.
A) Risk assessing
B) Risk planning
C) Risk monitoring
D) Risk avoidance
Q3) Risks_____ should be given higher priority because if the risk occurs, it would have a greater impact on the schedule than if it was associated with activities on a path that has a large positive value of total slack.
A) that occur first in the project
B) that affect the most costly activities
C) on the critical path
D) that affect the activities near the end of the project
To view all questions and flashcards with answers, click on the resource link above.
Page 10
Chapter 9: Closing the Project
Available Study Resources on Quizplus for this Chatper
42 Verified Questions
42 Flashcards
Source URL: https://quizplus.com/quiz/8077
Sample Questions
Q1) During project closing, the project team or contractor should ensure that copies of appropriate project documentation are properly organized, filed, and archived so that
A) they can be stored easily.
B) they can be readily retrieved for future use.
C) the files are ready for audit.
D) the project sponsor could review them.
Q2) The process of closing the project involves various actions, including A) identifying which resources to use for the project.
B) collecting and making final payments.
C) adding in extra work if the project hasn't spent all the funds.
D) replenishing office supplies that may not have been used on the project.
Q3) As part of, or in addition to, the documents in the archive, it can be valuable to create a database of common data elements from past projects in order to analyze and determine if there are trends or correlations that
A) show a strong project team member that should be given additional compensation.
B) should be shared with the project sponsors of all the projects.
C) could be helpful in bidding, planning, and/or performing future projects.
D) should be shown on the annual reports for the organization.
To view all questions and flashcards with answers, click on the resource link above.
11
Chapter 10: The Project Manager
Available Study Resources on Quizplus for this Chatper
129 Verified Questions
129 Flashcards
Source URL: https://quizplus.com/quiz/8078
Sample Questions
Q1) Join organizations, such as the Project Management Institute to develop the skills necessary to be an effective project manager.
A)True
B)False
Q2) Effective delegation requires effective communication skills.
A)True
B)False
Q3) The change management procedures must cover communication between the _________ and the customer and between the ________ and the project team.
A) project manager, project manager
B) stakeholders, project manager
C) project manager, customer
D) stakeholders, customer
Q4) Leadership is getting things done through others; the project manager achieves results by not trusting the project team.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 12
Chapter 11: The Project Team
Available Study Resources on Quizplus for this Chatper
225 Verified Questions
225 Flashcards
Source URL: https://quizplus.com/quiz/8079
Sample Questions
Q1) Gather data and accept, without verification, the most likely causes of a problem.
A)True
B)False
Q2) The brainstorming technique is very useful in helping the project team to not jump to the first solution.
A)True
B)False
Q3) _______ is the creative step in the problem-solving process.
A) Revise the project plan
B) Identify possible solutions
C) Evaluate the alternative solutions
D) Implement the solution
Q4) The _________ should be held as early as possible during the forming stage of team development.
A) project kickoff meeting
B) project progress meeting
C) project status meeting
D) project design meeting
Q5) List some dimensions of diversity:
To view all questions and flashcards with answers, click on the resource link above. Page 13
Chapter 12: Project Communication and Documentation
Available Study Resources on Quizplus for this Chatper
121 Verified Questions
121 Flashcards
Source URL: https://quizplus.com/quiz/8080
Sample Questions
Q1) ______ body language can include direct eye contact, a smile, hand gestures, leaning forward, and nodding acknowledgment or agreement.
A) Neutral
B) Negative
C) Critical
D) Positive
Q2) In many cases it is a good idea to ask when it would be a good time to get together and how long you need to talk.
A)True
B)False
Q3) The project manager should practice, practice, practice.
A)True
B)False
Q4) Build interest in your presentation.
A)True
B)False
Q5) When responding to questions, be candid and arrogant.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 14
Chapter 13: Project Management Organizational Structures
Available Study Resources on Quizplus for this Chatper
65 Verified Questions
65 Flashcards
Source URL: https://quizplus.com/quiz/8081
Sample Questions
Q1) A disadvantage of an autonomous project organizational structure is that project team members do not have a functional "home."
A)True
B)False
Q2) In _______, the objective is to maximize the number of functional person-hours applied to work on projects and minimize the unapplied time.
A) an autonomous project organizational structure
B) a functional organizational structure
C) a matrix organizational structure
D) a project management office
Q3) A disadvantage of an autonomous project organizational structure is that there is a high level of knowledge transfer among projects.
A)True
B)False
Q4) In ________, the project organization is highly responsive to the customer.
A) an autonomous project organizational structure
B) a functional organizational structure
C) a matrix organizational structure
D) a project management office
To view all questions and flashcards with answers, click on the resource link above. Page 15
Chapter 14: Project Management Information Systems
Available Study Resources on Quizplus for this Chatper
46 Verified Questions
46 Flashcards
Source URL: https://quizplus.com/quiz/8068
Sample Questions
Q1) An advantage of a project management information system is the speed because calculations and revisions can typically be performed in seconds.
A)True
B)False
Q2) Constraints can be assigned to each resource, such as
A) the number of hours or times that it is available.
B) the experience of the resource.
C) the name of the resource.
D) the labor rate for the resource.
Q3) _______ features of project management information systems have come a long way in their efficiency to store, send, and receive documents.
A) The communication
B) The budgeting and cost management
C) The sales and business development
D) The documentation management
Q4) Special attention should be given to the price of support and the reputation of the vendor.
A)True B)False
To view all questions and flashcards with answers, click on the resource link above. Page 16