Technology Management
Question Bank
Course Introduction
Technology Management explores the strategic role of technology in organizations, focusing on how to effectively integrate, manage, and leverage technological assets to achieve business goals. The course covers topics such as innovation management, technology forecasting, research and development (R&D) strategies, and the evaluation and selection of emerging technologies. Students will analyze case studies to understand the challenges and opportunities involved in adopting new technologies, gain insights into managing cross-functional teams, and learn best practices for aligning technology initiatives with overall organizational strategy. Upon completion, students will be equipped with the skills to make informed decisions about technology investments and lead technology-driven projects in a dynamic business environment.
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) The production of weekly employment reports or the delivery of mail could be considered a(n)
A)project
B)non-project
C)quasi-projects
D)triple projects
Answer: B
Q2) The largest amount of effort applied to a project is during its __________
A)conception
B)planning,scheduling,monitoring,and control
C)selection
D)evaluation and termination
Answer: B
Q3) The __________ project is generally credited with beginning the era of modern project management.
A)Manhattan
B)Chicago
C)Great Wall of China
D)Egyptian pyramids
Answer: A
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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) Project Boulder has a payback period of 2.4 years,an NPV of $10,000,and a profitability index of 1.10.Project Flintstone has a payback period of 3.0 years,an NPV of $10,000 and a profitability index of 1.05.If only one project can be executed,which project should be selected? Explain your reasoning.
Answer: Based on the available data,Project Boulder appears to be more favorable.In addition to recovering the initial investment more quickly,the same net present value is generated using fewer resources.
Q2) For a project selected using nonnumeric models,identify the true statement regarding relative priorities for project selection.
A)Operating necessity projects have priority over competitive necessity projects.
B)Competitive necessity projects have priority over operating necessity projects.
C)Operating necessity and competitive necessity projects have equal priority.
D)Product line extension projects have priority over operating necessity projects. Answer: A
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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) ___________ is when someone takes over the project manager's job by exercising extremely close supervision over every action the project manager takes,or will actually tell the project manager precisely what to do.
A)Micromanagement
B)Over-management
C)Turnover
D)Supermanagement
Answer: A
Q2) During the buildup stage of a project life cycle,__________ is the dominant goal of many project managers.
A)schedule
B)cost
C)scope
D)quality
Answer: A
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Page 5
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) Describe the type of relations that generally exist between the organization carrying out the project and a subcontractor working on the project.
Q2) Which one of the following choices was not identified by the authors as one of the reasons why organizations enter into partnership arrangements with each other?
A)Avoidance of litigation
B)Diversification of technical risk
C)Reducing internal conflict
D)Avoidance of capital investment
Q3) Describe the multistep process for building partnered projects.
Q4) During the main program phases of the project lifecycle,the conflict intensity is the greatest with respect to __________.
A)cost
B)schedules
C)scope
D)quality
Q5) Identify three basic causes for change in projects.
Q6) List and describe the three basic causes for change in projects.
Q7) Describe the four points of principled negotiation described by Fisher.
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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) This person's task is the efficient production of the product or process the project engineer has designed,including responsibility for manufacturing engineering,design and production of code,unit testing,production scheduling,and other production tasks.
A)test engineer
B)contract administrator
C)development engineer
D)systems architect
Q2) The key to conflict resolution is to turn a __________ into a __________.
A)win-lose situation,win-win situation
B)matrix organization; mixed organization
C)subcontract; work breakdown structure
D)functional division,projectized division
Q3) TQM and Six Sigma are good examples of ____________ programs.
A)participative
B)exclusive
C)frequency
D)inclusive
Q4) Identify the major reasons for the rapid growth of project-oriented organizations.
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Chapter 6: Activity Planning: Traditional and Agile
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44 Verified Questions
44 Flashcards
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Sample Questions
Q1) When using a WBS,all of the work should roll up to the next level such that no extra work is required.This is referred to as the ____________________.
A)Development rule
B)All-inclusive rule
C)100% rule
D)WBS rule
Q2) __________ 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
Q3) The sponsor and key stakeholders should participate in the project launch meeting for all of the following purposes except
A)agreeing on top deliverables
B)discussing resourcing
C)finalizing contract details
D)establishing scheduling tolerances
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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) The determination of costs for a new process should utilize a __________,or operations sequence sheet,which describes the operation in which the new process would be used.
A)route sheet
B)budget sheet
C)cost estimation fld)owchart
Q2) Suppose that a person requires 60 minutes to complete a work element on the first attempt.On the second attempt,the work element is completed in 48 minutes.The learning rate for this person is __________% for this work element.
A)60
B)70
C)80
D)120
Q3) Identify some of the common problems faced by the project budgeter.
Q4) __________ costs vary with output.
A)General and administrative
B)Overhead
C)Direct
D)Indirect
Q5) Briefly describe the seven processes for risk management.
Page 9
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Chapter 8: Scheduling
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56 Verified Questions
56 Flashcards
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Sample Questions
Q1) In AON diagrams,a(n)__________ is a point where one or more lines (arrows)begin or terminate,commonly used for depicting an event or activity.
A)activity
B)path
C)node
D)arc
Q2) The arrangement of all activities (and,in some cases,events)in a project arrayed in their logical sequence and represented by arcs and nodes is called a __________.
A)network
B)critical path
C)path
D)crashed path
Q3) In a network,if the delay of an activity will delay completion of the project,the activity is called a(n)__________.
A)valuable
B)efficient
C)critical
D)noteworthy
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Chapter 9: Resource Allocation
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53 Verified Questions
53 Flashcards
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Sample Questions
Q1) List some of the common priority rules utilized when following heuristic solution methods.
Q2) The points between the extreme points of the relationship between time use and resource use represent __________.
A)time constrained projects
B)resource constrained projects
C)alternative trade-offs between time and resources
D)a non-feasible solution space of trade-off alternatives related to time and resource use
Q3) Economically speaking,crashing a project creates a technology change in the __________ for an activity.
A)deliverable demand function
B)production function
C)audit function
D)deliverable supply function
Q4) Describe the extreme points of the relationship between time use and resource use.
Q5) If a predecessor activity finishes early,will the following activity start early? Why?
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11
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) For each factor to be measured during monitoring; performance criteria,standards,and __________ should be established.
A)data collection procedures
B)mechanized systems
C)automated systems
D)audit checks
Q2) Vague or incomplete project requirements are an example of which telltale sign that a project is in trouble?
A)Muddy waters
B)Mysterious stakeholders
C)Unconstrained constraints
D)Scope creep
Q3) According to the authors,the key items to be planned,monitored,and controlled are
A)schedule,budget,and financial stability
B)schedule,quality,performance,and customer satisfaction
C)schedule,budget,and feasibility
D)schedule,budget,and performance
Q4) Identify the main complaints associated with meetings.
Q5) List the four conventions used to aid in estimating percent completion.
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Chapter 11: Project Control
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48 Verified Questions
48 Flashcards
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Sample Questions
Q1) Change control systems,in some industries,are part of a firm's __________.
A)configuration management system
B)internal IDC system
C)cybernetic system
D)early warning system
Q2) The culmination of the postcontrol report is a set of recommendations covering what?
A)Everything that went wrong with the project
B)Who was at fault for the errors in the project
C)How the project performed relative to the initial project plan
D)The ways that future projects can be improved
Q3) A person with organizational clout who takes on personal responsibility for the successful completion of a project for the organization is referred to as a(n)__________.
A)champion
B)leader
C)program manager
D)campaigner
Q4) What are the two fundamental objectives of control?
Q5) Describe the information requirements of a cybernetic controller.
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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) This of an audit report contains the auditor's conclusions regarding progress together with recommendations for any changes in technical approach,schedule,or budget that should be made in the remaining tasks.
A)Introduction
B)Current status
C)Future project status
D)Critical management issues
Q2) Discuss some of the problems associated with finding the ancillary goals of a project.
Q3) In order for an audit / evaluation team to be conducted with skill and precision,all of the following conditions must be met,except __________.
A)proper selection of the team
B)setting a schedule convenient for the auditors
C)accessibility of all records and files
D)preservation of free contact with the project members
Q4) Project evaluation often makes recommendations that relate to the ancillary objectives of the parent organization.List some of these potential ancillary benefits of project evaluation.
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) A common mistake in project management is to appoint as project manager an individual with excellent _______ skills but weak __________skills.
A)technical; managerial
B)managerial; technical
C)technical; social
D)social; managerial
Q2) Closure by __________ is the most common way of dealing with successful projects,and the most complex.
A)integration
B)murder
C)starvation
D)addition
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
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