Project Management Exam Review
Course Introduction
Project Management is an essential course that introduces students to the principles, methods, and tools required to successfully initiate, plan, execute, monitor, and close projects across various industries. Covering key topics such as project life cycles, stakeholder management, risk assessment, resource allocation, budgeting, scheduling, and performance evaluation, the course equips learners with practical skills to deliver projects on time and within scope. Through case studies and collaborative exercises, students develop abilities in leadership, communication, and problem-solving to effectively manage teams and project challenges in dynamic environments.
Recommended Textbook
Project Management A Managerial Approach 10th Edition by Jack R. Meredith
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13 Chapters
683 Verified Questions
683 Flashcards
Source URL: https://quizplus.com/study-set/2431 Page 2
Chapter 1: Projects in Contemporary Organizations
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46 Verified Questions
46 Flashcards
Source URL: https://quizplus.com/quiz/48288
Sample Questions
Q1) Which of the following is not a trend that we see in project management?
A)Increase in virtual projects
B)Decreasing importance of project managers
C)Importance given to strategic goals
D)Regular accomplishment of routine goals
Answer: B
Q2) Individuals or groups with a special interest in a project are called __________.
A)stakeholders
B)project managers
C)leaders
D)directors
Answer: A
Q3) When done properly,project management begins with __________.
A)stakeholder interviews
B)scope definition
C)the initial concept for the project
D)budget estimation
Answer: C
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Chapter 2: Strategic Management and Project Selection
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45 Verified Questions
45 Flashcards
Source URL: https://quizplus.com/quiz/48289
Sample Questions
Q1) ______ is a modeling technique for emulating a process,usually conducted a considerable number of times to understand the process better and measure its outcomes under different policies.
A)Simulation
B)Project management
C)Projectizing
D)Modeling
Answer: A
Q2) If the NPV for a project is < 0,it indicates that the project will __________.
A)report a profit loss
B)report a profit gain
C)fail to cover its required rate of return
D)fail to generate cash inflows
Answer: C
Q3) Financial forecasts are reported as __________ financial statements.
A)final
B)initial
C)pro forma
D)hypothetical
Answer: C
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Chapter 3: The Project Manager
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55 Verified Questions
55 Flashcards
Source URL: https://quizplus.com/quiz/48290
Sample Questions
Q1) The structure of a society is determined by its __________.
A)institutions
B)wages
C)jobs
D)enemies
Answer: A
Q2) Which of the following is not an important characteristic for effective team members?
A)High-quality technical skills
B)Political,and general,sensitivity
C)High self-esteem
D)Strong sense of self
Answer: D
Q3) According to the authors,the analytic method,when applied to systems,focuses on
A)assembling the components of a system into an integrated package
B)building an array of individually designed and manufactured components
C)calculating the cost and schedule requirements
D)dividing the components of a system into smaller and smaller elements
Answer: D
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Chapter 4: Managing Conflict and the Art of Negotiation
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53 Verified Questions
53 Flashcards
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Sample Questions
Q1) During the early program phases of the project lifecycle,Thamhain says that conflict intensity is the greatest with respect to __________.
A)cost
B)human resource management
C)time
D)priorities
Q2) Identify the three fundamental categories of conflict that occur during a project's lifecycle.
Q3) A party to a conflict will usually be satisfied when the level of frustration has been
A)increased by the domination of the other party
B)lowered to the point where no action against the other party is contemplated
C)lowered because the party realizes the hopelessness of continuing the conflict
D)eliminated because the party has surrendered to the other party
Q4) Personality conflicts during project phase-out are often caused by __________.
A)the absence of deadlines
B)the influx of newer technology
C)pressure to complete the project and anxiety about leaving the project
D)distribution of expenses charged to the project
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Chapter 5: The Project in the Organizational Structure
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61 Verified Questions
61 Flashcards
Source URL: https://quizplus.com/quiz/48292
Sample Questions
Q1) Identify the statement that is not a major advantage of placing a project within the pure project organization.
A)The functional manager retains full line authority over project team members.
B)The lines of communication are shortened in regards to the project's resources.
C)Centralized authority tends to increase the speed of decision-making.
D)A holistic approach to performing the project is supported.
Q2) In a _____ organization,the firm's administrative support groups (HR,Legal,Finance, Controller,and so on)report to the President or CEO as staff units.
A)matrix
B)dual-matrix
C)functional
D)projectized
Q3) Virtual teams,when composed,should consist of "boundary spanners" who number about one in every __________ team members.
A)6-7
B)8-12
C)10-20
D)25-30
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Chapter 6: Activity Planning: Traditional and Agile
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44 Verified Questions
44 Flashcards
Source URL: https://quizplus.com/quiz/48293
Sample Questions
Q1) __________ is the tendency for the project objectives to be changed with little or no discussion with other parties actively engaged in the project.
A)Scope reference
B)Scope creep
C)Effectiveness
D)Hierarchical planning
Q2) This project plan element lists all milestone events.It identifies the estimated time for each task and is used to construct the master project schedule.
A)Budget
B)Schedule
C)Personnel plan
D)Evaluation methods
Q3) The __________is a list of the project activities with major activities broken down into subactivities.
A)linear responsibility chart
B)PCMCIA
C)activity prioritization
D)WBS
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8
Chapter 7: Budgeting and Risk Management
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55 Verified Questions
55 Flashcards
Source URL: https://quizplus.com/quiz/48294
Sample Questions
Q1) __________ is a plan for allocating resources.The allocation of resources indicates the degree to which different activities of an organization are supported fully.
A)A budget
B)Direct cost
C)A management plan
D)An allocation effort
Q2) The Pathfinder Mission was to go where?
A)The moon
B)Mars
C)Saturn
D)Venus
Q3) ___________ costs are not associated with any specific product or class of products and are typically charged as a fixed percentage of some direct cost.
A)General and administrative
B)Overhead
C)Direct
D)Indirect
Q4) Identify some of the common problems faced by the project budgeter.
Q5) Describe the top-down budgeting process.
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Chapter 8: Scheduling
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56 Verified Questions
56 Flashcards
Source URL: https://quizplus.com/quiz/48295
Sample Questions
Q1) Assume that task J has a most likely duration of 20 days,an optimistic duration of 13 days,and a pessimistic duration of 30 days.If the optimistic and pessimistic durations are 95 percent estimates,the standard deviation for task J is ________ days.
A)5.167
B)5
C)4.67
D)3.2
Q2) A(n)__________ is a specific task or set of tasks that are required by the project,use up resources,and take time to complete.
A)milestone
B)activity
C)node
D)path
Q3) The variance of a population is a measure of the population's __________.
A)dispersion
B)proportion
C)uniqueness
D)skewness
Q4) Explain the meaning of slack in a network.
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Chapter 9: Resource Allocation
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53 Verified Questions
53 Flashcards
Source URL: https://quizplus.com/quiz/48296
Sample Questions
Q1) __________ times result from an attempt to expedite the activity by the application of additional resources.
A)Leveling
B)Crash
C)Post
D)Constraint
Q2) Discuss the advantages obtained from resource leveling.
Q3) A project task is said to be __________ if it requires a fixed amount of time and known quantities of resources.
A)scope constrained
B)time constrained
C)resource constrained
D)system constrained
Q4) The principal reason why a project manager is surprised by resource constraints on a project is the failure to include __________ in risk identification activities.
A)resource availability
B)resource cost
C)resource mobility
D)resource skill
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Chapter 10: Monitoring and Information Systems
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53 Verified Questions
53 Flashcards
Source URL: https://quizplus.com/quiz/48297
Sample Questions
Q1) List the four conventions used to aid in estimating percent completion.
Q2) The first step in setting up a monitoring system is to __________.
A)collect existing data to see what data is relevant and available
B)collect every available piece of information so it can be analyzed
C)use whatever information is available
D)identify the key factors to be controlled
Q3) In earned value analysis,if the cost variance is (-$10,000),__________.
A)the cost variance is favorable
B)the cost variance is unfavorable
C)the scheduled variance is favorable
D)the scheduled cost avoidance is unfavorable
Q4) The most common mistake made when monitoring data is to gather information that is clearly related to project performance but __________.
A)is so volatile that trends cannot be detected
B)has little or no probability of changing significantly between collection periods
C)is too unusual to use
D)cannot be captured in the mechanized PMIS
Q5) Describe the three common difficulties in designing project reports.
Q6) List and describe five telltale signs of project trouble it is wise to monitor.
Page 12
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Chapter 11: Project Control
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48 Verified Questions
48 Flashcards
Source URL: https://quizplus.com/quiz/48298
Sample Questions
Q1) The __________ process controls the project at various points in the life cycle to make sure that the project remains on course.This is opposed to waiting until the project is completed and then finding out it doesn't meet the objectives of the organization
A)portfolio
B)phased-step
C)phase-gate
D)overarching
Q2) A(n)__________ measures performance over time,showing how it changes compared to a desired mean and upper and lower limits.
A)critical ratio
B)control chart
C)early warning system
D)Gantt chart
Q3) Which of the following is the key feature of cybernetic control systems?
A)Manual operations
B)Directional controls
C)Automatic operation
D)Specific preconditions
Q4) What are the two fundamental objectives of control?
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Chapter 12: Project Auditing
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63 Verified Questions
63 Flashcards
Source URL: https://quizplus.com/quiz/48299
Sample Questions
Q1) Two of the most common limits on the depth of an investigation and level of detail presented in an audit report are __________.
A)the personality of the auditor and cooperation received
B)scope and objectives
C)word processing support and existing documentation
D)money and time
Q2) In the audit report,negative comments about individuals or groups associated with the project should be __________.
A)avoided
B)included
C)highlighted
D)disguised
Q3) List and describe the events that comprise the project audit life cycle.
Q4) We have seen a rise in agile management for projects with
A)high costs
B)uncertain scope
C)low employee morale
D)low quality
Q5) Discuss the differences between a project audit and a financial audit.
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Chapter 13: Project Closure and Benefits Realization
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51 Verified Questions
51 Flashcards
Source URL: https://quizplus.com/quiz/48300
Sample Questions
Q1) These closures are a result of conflicts that arise when poor communication or diverse working styles cause employees from different countries to compete for ascendancy or to engage in win / lose negotiations.
A)senescence closures
B)political closures
C)cross-cultural closures
D)chain closures
Q2) Describe the subjects that should be addressed in the final report.
Q3) Projects that pass away simply because senior managers,the project champion,the PM,and even key project workers lose interest in the project are known as __________.
A)political closures
B)senescence closures
C)conflict closures
D)closures by addition
Q4) Identify some of the more important aspects of the transition from project to integrated operation that should be considered when the project functions are distributed.
Q5) Discuss the conditions where it can be said that a project has been closed.
Q6) Briefly describe the four fundamentally different ways to close out a project.
Page 15
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