Project Management Exam Review
Course Introduction
Project Management is a comprehensive course that equips students with the essential skills and knowledge required to plan, execute, and oversee projects in various professional settings. The course covers key concepts such as project life cycles, scheduling, budgeting, risk management, resource allocation, and stakeholder communication. Students will learn to use industry-standard project management tools and methodologies, including Agile and Waterfall approaches, to lead teams effectively and ensure the successful delivery of projects. Through real-world case studies and hands-on assignments, learners develop critical thinking and problem-solving abilities crucial for managing complex projects within scope, time, and budget constraints.
Recommended Textbook
Project Management The Managerial Process 6th Edition by Erik Larson
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18 Chapters
1564 Verified Questions
1564 Flashcards
Source URL: https://quizplus.com/study-set/2760
2
Chapter 1: Modern Project Management
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88 Verified Questions
88 Flashcards
Source URL: https://quizplus.com/quiz/55030
Sample Questions
Q1) Describe how corporate downsizing is a driver for project management.
Answer: Answer will vary
Q2) Which of the following is typically the responsibility of a project manager?
A) Meeting budget requirements
B) Meeting schedule requirements
C) Meeting performance specifications
D) Coordinating the actions of the team members
E) All of these are typical responsibilities
Answer: E
Q3) The _____________ typically passes sequentially through four stages.
Answer: project life cycle
Explanation: The project life cycle typically passes sequentially through four stages: defining,planning,executing,and delivering.
Q4) Because of the profitability motive,project management is nearly always limited to the private sector.
A)True
B)False
Answer: False
Q5) What is the difference between a project and a program?
Answer: Answer will vary
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Chapter 2: Organization Strategy and Project Selection
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87 Verified Questions
87 Flashcards
Source URL: https://quizplus.com/quiz/55029
Sample Questions
Q1) Susie's department is implementing many projects.She finds herself starting and stopping work on one task to go and work on another task,and then return to the work on the original task.Susie is experiencing
A) Poor scheduling.
B) Excess work burden.
C) Flexible tasking.
D) Multitasking.
E) Burnout.
Answer: D
Q2) The information gap refers to the lack of understanding and consensus of organization strategy among top and middle-level managers.
A)True
B)False
Answer: False
Q3) Objectives should be specific,marketable,assignable,realistic,and time related.
A)True
B)False
Answer: False
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Chapter 3: Organization: Structure and Culture
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90 Verified Questions
90 Flashcards
Source URL: https://quizplus.com/quiz/181267
Sample Questions
Q1) The functional project team is usually physically separated from the parent organization and given the primary directive of accomplishing the objectives of the project.
A)True
B)False
Answer: False
Q2) The matrix form of project management structure is a good choice when resource usage needs to be optimized by having individuals work on multiple projects while still performing functional duties.
A)True
B)False
Answer: True
Q3) Identify and briefly describe at least two advantages and two disadvantages of organizing project teams using the matrix management approach.
Answer: Answer will vary
Q4) Culture performs several important functions in organizations.Clarifying and reinforcing standards of behavior is one of these.Explain and provide an example.
Answer: Answer will vary
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Chapter 4: Defining the Project
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Sample Questions
Q1) The result of subdividing the work of a project into smaller and smaller work elements is called a(n)__________.
Q2) During the course of a project,it is possible that the project priorities may change.
A)True
B)False
Q3) The first step of project scope definition is to
A) Analyze the strategic plan.
B) Analyze the current budget plan.
C) Meet with team members.
D) Select team members.
E) Define the overall objective to meet the customer's needs.
Q4) The highest element in the hierarchical breakdown of the WBS is the first major deliverable for the project and the lowest element is a work package.
A)True
B)False
Q5) The need for a functioning computer in countries having different electrical systems is an example of a ________.
Q6) What is a responsibility matrix and how would it be used in project management?
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Chapter 5: Estimating Project Times and Costs
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91 Verified Questions
91 Flashcards
Source URL: https://quizplus.com/quiz/55026
Sample Questions
Q1) Accounting would be an example of which of the following costs typically found in a project?
A) Labor
B) Direct
C) Direct project overhead
D) General and administrative overhead
E) Salary
Q2) Which of the following top-down methods is used when projects closely follow past projects in regard to features and costs of those features,and result in costs being assigned by percentages to major segments of the project?
A) Apportion
B) Function point
C) Phase estimating
D) Learning curve
E) Consensus
Q3) The process of forecasting or approximating the time and cost of completing project deliverables is called planning.
A)True
B)False
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Page 7
Chapter 6: Developing a Project Plan
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94 Flashcards
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Sample Questions
Q1) A sequence of connected,dependent activities is termed a(n)
A) Path of events.
B) Parallel path.
C) Activity chain.
D) Path.
E) Dependent chain.
Q2) If,for some reason,the project must be expedited to meet an earlier date,which of the following actions would the project manager take first?
A) Check to see which activities cost the least
B) Check to see which activities have the longest duration
C) Check to see which activities are on the critical path
D) Check to see which activities have the most slack
E) Check to see which activities have the highest risk
Q3) In the network computation process what is a backward pass and what four things does it determine?
Q4) The critical path is the shortest path through a network and indicates activities that cannot be delayed without delaying the project.
A)True
B)False
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Chapter 7: Managing Risk
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86 Flashcards
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Sample Questions
Q1) Flooding would be devastating to the project;however,it is very unlikely.The project manager is most likely to __________ this risk.
Q2) Risks are evaluated in terms of
A) Likelihood and cost.
B) Cost and schedule.
C) Impact and cost.
D) Time and impact.
E) Likelihood and impact.
Q3) ________ reserves are controlled by the project manager and the owner of the project and are used to cover major unforeseen risks to the entire project.
Q4) Change management systems involve reporting,controlling,and recording changes to the project baseline.
A)True
B)False
Q5) The likelihood of a risk event occurring ________ as a project goes through its life cycle.
Q6) _____________ systems involve reporting,controlling,and recording changes to the project baseline.
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Chapter 8: Scheduling Resources and Costs
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Sample Questions
Q1) All of the following are types of resource constraints EXCEPT
A) Materials.
B) People.
C) Equipment.
D) Information.
E) Human.
Q2) What are the impacts of resource-constrained scheduling?
Q3) If resources are not adequate to meet peak demands,the resulting reschedule is termed
A) Resource-constrained scheduling.
B) Time-constrained scheduling.
C) Mandatory leveling.
D) Project resource adjustment.
E) Allocation.
Q4) If your project has spent $50,000 versus a budget of $45,000 and it is a week ahead of schedule,is it a certainty that your project is doing well? Explain why or why not.
Q5) In a resource-constrained project,the completion date is most likely to change.
A)True
B)False
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Chapter 9: Reducing Project Duration
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94 Verified Questions
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Sample Questions
Q1) When it is necessary to reduce project duration and resources are constrained,which of the following is NOT a reasonable option?
A) Establishing a core project team
B) Fast-tracking
C) Reduce project scope
D) Compromise quality
E) Critical-chain project management
Q2) According to ________ law,adding more manpower to a late software project makes it later.
Q3) Which of the following correctly calculates an activity's cost slope?
A) (normal cost - crash cost)/(normal time - crash time)
B) (crash cost - normal cost)/(normal time - crash time)
C) (normal time - crash time)/(crash cost - normal cost)
D) (normal time - crash time)/(normal cost - crash cost)
E) (crash cost - normal cost)/(crash time - normal time)
Q4) Because direct costs are assumed to be developed from "normal" methods and in a "normal" amount of time,any reduction in activity time should add to the costs of the activity.
A)True
B)False
Page 11
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Chapter 10: Leadership: Being an Effective Project Manager
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88 Verified Questions
88 Flashcards
Source URL: https://quizplus.com/quiz/55021
Sample Questions
Q1) Inspiration-related currencies derive from people's burning desire to make a difference and add meaning to their lives.
A)True
B)False
Q2) Mapping ____________ helps identify those on whom the project depends for success.
Q3) One of the things that distinguish project management from regular management is the sheer breadth and complexity of the relationships that need to be managed.
A)True
B)False
Q4) When project managers take action before it is needed to prevent small concerns from escalating into major problems they are being _______.
Q5) As long as the culture of an organization acknowledges and condemns unethical behavior,ethical dilemmas are rare or trivial at the most.
A)True
B)False
Q6) Identify and briefly describe the five commonly traded organizational currencies.
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Page 12
Chapter 11: Managing Project Teams
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Sample Questions
Q1) An image a project team holds in common about how the project will look upon completion,how they will work together,and/or how customers will accept the project is known as a __________.It is a less tangible aspect of project performance.
Q2) Sam is the coach of a high school soccer team and has noticed that some close relationships have formed as well as feelings of camaraderie and shared responsibilities for the team's success.Which stage of development is the team in?
A) Norming
B) Storming
C) Performing
D) Adjourning
E) Forming
Q3) During the ________ stage of group development,the team prepares for its own disbandment.High performance is no longer a top priority.Instead attention is devoted to wrapping up the project.
Q4) The text states that when managers are recruiting project team members,they should be wary of people who know too much about a specific technology.Why is this? Do you agree or disagree? Explain your answer.
Q5) Project managers should encourage ___________ conflict.
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Chapter 12: Outsourcing: Managing Interorganizational Relations
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Sample Questions
Q1) Co-location is less relevant for independent work that does not require ongoing coordination between professionals from different organizations.
A)True
B)False
Q2) Which of the following is NOT a key to successful partnering relationships?
A) Mutual trust
B) Jointly shared risk
C) Total company involvement
D) Independent project teams
E) Long-term commitment
Q3) When negotiating,the tendency is to want to win! Give two reasons why this is not a good approach when managing contracted relationships.
Q4) Key practices in the partnering approach to managing contracted relationships include
A) Single project contracting.
B) Risk being transferred to the other party.
C) Access to each other's organizational resources.
D) Structured communications.
E) Independent project teams.
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Chapter 13: Progress and Performance Measurement and Evaluation
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88 Verified Questions
88 Flashcards
Source URL: https://quizplus.com/quiz/55018
Sample Questions
Q1) Rachel notices that the current EV for her project is higher than both the PV and the AC.Rachel has reason to be concerned.
A)True
B)False
Q2) Identify and describe two methods for tracking and trending schedule performance.
Q3) Of the following costs,which are NOT included in baseline?
A) Suppliers
B) Equipment
C) Labor
D) Budget reserves
E) Contractors
Q4) A negative CV indicates the project is ________ budget.
Q5) A project manager learns that her project has an EV of 1200,AC of 1100 and PV of 1000.What can the project manager report regarding this project?
Q6) Two major reasons for creating a baseline are to monitor and report progress and to estimate cash flow.
A)True
B)False
Page 15
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Chapter 14: Project Closure
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Sample Questions
Q1) The most common reason given for not creating lessons learned is the lack of
Q2) Each retrospective is assigned a(n)_________,typically a team member who is very interested in and familiar with the retrospective.This individual will serve as the contact point for anyone needing information relating to the retrospective.
A) Owner
B) Project sponsor
C) Project manager
D) Project facilitator
E) Mediator
Q3) A guide who leads the project team through an analysis of project activities that went well and of what needs improvement and aids in the development of a follow-up action plan with goals and accountability is a(n)
A) Owner.
B) Project sponsor.
C) Project manager.
D) Project facilitator.
E) Mediator.
Q4) Why should performance reviews and pay reviews be done separately?
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Chapter 15: International Projects
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Sample Questions
Q1) In this culture,it is important never to display feelings of superiority because this makes others feel inferior,mutual respect is expected at all times,and a lot gets done by going through administrative channels.
A) Mexican
B) French
C) Arab
D) American
E) Chinese
Q2) If the Lincoln Log Construction Co.(based in Chicago)built an assembly plant for General Motors in Nigeria,the project would be classified as A) Global.
B) Overseas.
C) Local.
D) Domestic.
E) Foreign.
Q3) In ___________,it is an associated cultural belief that destiny depends more on the will of a supreme being than on the behavior of individuals.A higher power dictates the outcome of important events,so individual action is of little consequence.
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Chapter 16: Oversight
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Sample Questions
Q1) The centralized management of projects to ensure that the allocation of resources to projects is directed toward projects that contribute the greatest value to organization goals is known as __________ project management.
Q2) Project maturity has become a competitive edge.
A)True
B)False
Q3) An established process of managing projects that is evident by planning templates,status report systems and checklists for each stage of the project life cycle occurs in which of the following Project Management Maturity Model Levels?
A) Ad hoc project management
B) Formal application of project management
C) Institutionalization of project management
D) Management of project management system
E) Optimization of project management system
Q4) During the ___________ phase of the phase-gated process questions such as "Were project scope objectives met?" and "Were project cost and schedule met?" are addressed.
Q5) What is portfolio project management?
Q6) Give two reasons why oversight is important to a project manager.
Page 18
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Chapter 17: An Introduction to Agile Project Management
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Source URL: https://quizplus.com/quiz/55014
Sample Questions
Q1) In agile project management,projects evolve rather than are executed.
A)True
B)False
Q2) _________ project management involves high customer interaction.
Q3) The _________ is the customer's prioritized list of key features desired when the project is completed.
A) Project master
B) Spirit backlog
C) Creative backlog
D) Product backlog
E) Project list
Q4) Each new iteration replaces the work of the previous iterations and adds new capabilities to the evolving to produce a next expanded version of the product.
A)True
B)False
Q5) __________ projects evolve rather than are executed.
Q6) Short time frames (time boxes)that typically last from one to four weeks are called
Q7) Scrum uses a series of coordinated _________ to manage the development process.
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Chapter 18: Project Management Career Paths
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Sample Questions
Q1) Once the project is complete,tenure is granted to project managers.
A)True
B)False
Q2) There are many jobs in which project management is not a title,but a job
Q3) People find that their project management responsibilities ___________ as they move up the organization's hierarchy.
Q4) The following are true regarding career paths within project management EXCEPT
A) You can likely become a project manager as soon as you graduate from a university.
B) There is no set career path for becoming a project manager.
C) Project management is not always a job title but rather a job requirement.
D) Career avenues vary from industry to industry.
E) Advancement occurs incrementally.
Q5) Since much project work is temporary and contractual in nature,it is important to develop professional contacts that may lead to future work.
A)True
B)False
Q6) Why is there no set career path for project management?
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