Technology Management Test Questions
Course Introduction
Technology Management explores the strategic role that technology plays in modern organizations. The course covers the processes of planning, developing, and implementing technological solutions to enhance business performance, innovation, and competitive advantage. Students will examine topics such as technology forecasting, adoption cycles, project management, disruptive innovation, and the integration of emerging technologies within business models. Through case studies and real-world applications, students will gain insights into aligning technology initiatives with organizational objectives, managing technological change, and fostering a culture of innovation in dynamic environments.
Recommended Textbook
Project Management Achieving Competitive Advantage 4th Edition by Jeffrey K. Pinto
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14 Chapters
1421 Verified Questions
1421 Flashcards
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Page 2
Chapter 1: Introduction: Why Project Management?
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103 Verified Questions
103 Flashcards
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Sample Questions
Q1) Which statement regarding the Project Management Institute's Project Management Body of Knowledge (PMBoK)is BEST?
A) The PMBoK consists of seven knowledge areas of project management skills and activities.
B) Each element of the iron triangle is represented by its own area.
C) Project risk management is part of the integration section.
D) The institute's position that a properly planned project will not require any changes precludes the need for change control in the model.
Answer: B
Q2) The acronym PMBoK stands for:
A) The Personal Management Before or Kernel.
B) The Project Movement Behind our Kernel.
C) The Project Management Body of Knowledge.
D) The Performance Measurement Body of Knowledge.
Answer: C
Q3) Product life cycles are longer now than twenty years ago.
A)True
B)False
Answer: False
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Page 3
Chapter 2: The Organizational Context:
Strategy,Structure,and Culture
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103 Verified Questions
103 Flashcards
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Sample Questions
Q1) Centralized units within an organization or department that oversee or improve the management of projects are called:
A) Project management offices.
B) PERT units.
C) Tiger teams.
D) Central clearinghouses.
Answer: A
Q2) Policies and procedures are examples of an organization's external environment.
A)True
B)False
Answer: False
Q3) Creating action plans to address the needs of various stakeholder groups is part of the ________ step of Block's framework for stakeholder management.
A) define the problem
B) test and refine the solutions
C) develop solutions
D) identify the goals of the principal actors
Answer: C
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Chapter 3: Project Selection and Portfolio Management
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99 Verified Questions
99 Flashcards
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Sample Questions
Q1) A simple scoring model is used to decide among three projects that we'll call A,B,and C.The total score for project A is 30,for project B is 20,and for project C is 10.Which of the following statements is BEST?
A) If project A is successfully completed, it will yield three times the benefits that project C would have provided.
B) If project C is chosen, the company would benefit only half as much as if they had chosen project B.
C) Project C is better than project B for this company at this point in time.
D) Project A is better than project B for this company at this point in time.
Answer: D
Q2) An MBA redesign committee plans to spend a decade traveling the world to benchmark graduate programs at other universities.Regardless of the screening model being used,it will suffer from poor performance in the area of:
A) flexibility.
B) Capability.
C) Comparability.
D) Cost.
Answer: D
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Page 5
Chapter 4: Leadership and the Project Manager
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101 Verified Questions
101 Flashcards
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Sample Questions
Q1) Which of these behaviors is BEST for managing an intercultural project team?
A) Standardize communications based on the preference of the project manager.
B) Classify members of the project team in accordance with popular stereotypes.
C) Minimalize cultural differences.
D) Achieve a detailed understanding of a culture's history.
Q2) The idea that all members of a project team have the ability to offer a contrary position in order to achieve true partnership between the project manager and the team is called:
A) Exchange of purpose.
B) A right to say no.
C) Joint accountability.
D) Absolute honesty.
Q3) In the new project management professionalism model:
A) Personnel should be in a state of flux with regard to job assignment.
B) Process skills will not be important.
C) Traditional project champion activities will supplant the currently emphasized nontraditional skills.
D) Project management should be a dedicated career path.
Q4) What factors dictate an increased need to develop project management professionalism within an organization?
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Chapter 5: Scope Management
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103 Verified Questions
103 Flashcards
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Sample Questions
Q1) Scope management is the function controlling a project in terms of its goals and objectives during the execution phase.
A)True
B)False
Q2) What is the difference between a turnkey contract and a cost-plus contract? Include in your discussion the advantages and disadvantages of each.
Q3) The stage of configuration management where the breakdown of the project to the necessary level of definition is identified as:
A) Configuration review.
B) Configuration identification.
C) Status accounting.
D) Configuration control.
Q4) The BEST time to establish reasonable controls is:
A) After a project is over.
B) At the end of a project.
C) At the start of a project.
D) When they are first needed during the project.
Q5) What is configuration management and why is it important?
Q6) What is the purpose of controls? Describe any three types of control systems.
Page 7
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Chapter 6: Project Team Building,Conflict,and Negotiation
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102 Verified Questions
102 Flashcards
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Sample Questions
Q1) In general,a superordinate goal is a replacement goal for the goals of all functional groups involved in the project.
A)True
B)False
Q2) The first step in assembling a project team is to:
A) Talk to potential team members.
B) Identify the required skills.
C) Negotiate with the functional supervisor.
D) Notify top management.
Q3) One of the best methods for ensuring that a negotiation proceeds along substantive lines is to frame the discussion around objective criteria.
A)True
B)False
Q4) What are the characteristics of effective project teams?
Q5) You have undoubtedly been in many student project groups,teams,or perhaps project groups at work.Write a brief description of a memorable group you have been a member of and describe your favorite phase in the group development process.What specific behaviors and incidents identify the phase in question?
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Chapter 7: Risk Management
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102 Verified Questions
102 Flashcards
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Sample Questions
Q1) Technical risk is the probability that the project will not perform to the required standards or produce substandard products or have excessive operating cost consumption.
A)True
B)False
Q2) The programming division at ABC decides to resurrect the classic Battle of the Network Stars and is understandable concerned about the risk to their own stars,the shows they star on,and their reputation as a purveyor of fine family-oriented entertainment.After a thoughtful assessment of the probabilities and consequences of failure,the team discover that the three probabilities of failure are all equal and the four consequences of failure are all equal.Further,the overall consequence of failure is half the overall probability of failure.The overall risk factor is 0.6; what are the values for the three probabilities and the four consequences?
Q3) What are fixed-price contracts and liquidated damages? Which party to the contract bears the burden?
Q4) The PRAM model for risk management proposes a "pick and choose" approach to risk management.
A)True
B)False
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Chapter 8: Cost Estimation and Budgeting
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102 Flashcards
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Sample Questions
Q1) Activity-based costing and bottom-up budgeting share the step of:
A) Identifying cost drivers associated with each activity.
B) Identifying activities that consumer resources and assigning costs to them.
C) Assigning costs to projects by multiplying the cost driver rate times the volume of units.
D) Tending to overestimate project costs due to the lack of involvement by top management.
Q2) The 1974 model Eldorado is a three-ton behemoth with a 500-cubic-inch engine that is long on style but short on gas mileage.During its five-year development process no one could possibly have anticipated that gas prices would go through the roof in 1973,making it far more expensive to operate and subsequently less attractive to a gas-price-conscious public.Design engineers scrambled to change the car in the last few months leading up to its debut,adding a slimmed down version with a smaller engine.All of the design overtime meant that the project budget took a big hit though,thanks to:
A) The initial low estimate.
B) The unexpected technical difficulties.
C) This external factor.
D) The lack of definition.
Q3) What are three benefits to the use of contingency funds?
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Chapter 9: Project Scheduling: Networks,Duration
Estimation,and Critical Path
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105 Verified Questions
105 Flashcards
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Sample Questions
Q1) There's an old saying,"The job is not finished until the paperwork is done." From an activity network standpoint,this does not necessarily mean that the paperwork can't begin until the last non-paperwork activity is completed.It might be possible to work on some paperwork as early activities are completed.In order to depict this in an activity network:
A) Hammock activities could be drawn.
B) Subroutines could be added.
C) Shortcuts can be added to the network.
D) Laddering could be used to redraw the network.
Q2) Network logic suggests that:
A) Activity D can start any time.
B) Activity A must be complete before Activity B can be done.
C) Activities A, B and C must be complete before Activity D can be done.
D) Activity C must begin before Activity B begins.
Q3) The PERT technique assumes that durations are more deterministic.
A)True
B)False
Q4) What is laddering and what advantages can be gained from its use in project management?
Q5) What are hammock activities and when should they be used?
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Chapter 10: Project Scheduling: Lagging, Crashing, and Activity Networks
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96 Verified Questions
96 Flashcards
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Sample Questions
Q1) Use the Gantt chart and the activity list to determine which resource is needed earliest in this project. \[\begin{array} { | l | l | l | l | }
\hline \text { Activity } & \text { Resources } & \text { Activity } & \text { Resources } \\
\hline \text { A } & 5 & \text { F } & 2 \\
\hline \text { B } & 6 & \text { G } & 3 \\
\hline \text { D } & 7 & H & 4 \\
\hline \text { E } & 1 & \text { I } & 5 \\
\hline
\end{array}\]
A) Resource 2
B) Resource 3
C) Resource 1
D) Resource 4
Q2) Networks would NOT be well suited for:
A) Planning a construction project.
B) Planning a wedding.
C) Planning a software upgrade.
D) Planning monthly production.
Q3) What are the strengths and weaknesses of AOA and AON techniques?
Page 12
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Chapter 11: Advanced Topics in Planning and Scheduling:
Agile and Critical Chain
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101 Verified Questions
101 Flashcards
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Sample Questions
Q1) Agile project management features a logical series of steps that occur sequentially,each one is begun only when its predecessor is complete.
A)True
B)False
Q2) The sprint portion of the Agile Project Management process is targeted to last:
A) 10 plus or minus 2 weeks.
B) 7 plus or minus 1.5 weeks.
C) 5 plus or minus 1.5 weeks.
D) 2.5 plus or minus 1.5 weeks.
Q3) The Central Limit Theorem states that if a number of probability distributions are summed,the variance of the sum equals the sum of the variances of individual distributions.
A)True
B)False
Q4) Your boss catches you at the water cooler one morning and assigns you an important task-to remove all the constraints from your project using the Theory of Constraints (TOC)five step process.What should your response be to your boss??
Q5) Compose a haiku using three or more of the key terms in Agile PM.
Q6) What are some arguments against the XP technique of pair programming?
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Chapter 12: Resource Management
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Sample Questions
Q1) A resource loading table is created through identifying the project activities and the resources required for completion and applying this information to the project schedule baseline.
A)True
B)False
Q2) Resource loading charts are used to display the amount of resources required as a function of time on a graph.
A)True
B)False
Q3) In general,when constructing a resource loading chart,one should avoid:
A) Splitting the activities.
B) Obeying the pre-established precedence requirements for the activities.
C) Identifying the slack for each activity.
D) Changing the duration of the activities.
Q4) There is,for almost all projects,usually a dominant constraint that serves as the final arbiter of project decisions.
A)True
B)False
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14
Chapter 13: Project Evaluation and Control
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104 Flashcards
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Sample Questions
Q1) It is possible to measure both positive and negative deviations from the schedule baseline with the tracking Gantt chart.
A)True
B)False
Q2) It is possible to measure:
A) Only positive deviations from the schedule baseline with a tracking Gantt chart.
B) Only negative deviations from the schedule baseline with a tracking Gantt chart.
C) Both positive and negative deviations from the schedule baseline with the tracking Gantt chart.
D) Both positive and negative deviations from the budget with the tracking Gantt chart.
Q3) Very short work packages would be better managed by:
A) The percentage complete rule.
B) The 0/100 rule.
C) The caveat emptor rule.
D) The prior knowledge rule.
Q4) What are drawbacks to a pure S-curve analysis?
Q5) Define human factors and discuss their impact on project success?
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15
Chapter 14: Project Closeout and Termination
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101 Verified Questions
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Sample Questions
Q1) The trailer had been reinforced,re-decked and had a fresh coat of paint.It was fully complete and finally ready for a run to Kansas City to pick up a rebounding son.This project has achieved natural termination.
A)True
B)False
Q2) Which of these factors weighs heavily in the decision to terminate a project?
A) Inability to protect results
B) Increased market receptiveness
C) Meeting project cost milestones
D) Low probability of return on investment
Q3) The new dean was completely uninterested in international programs,so he selected the least competent faculty to serve on the committee and took away their doughnut budget,effectively terminating the project by starvation.
A)True
B)False
Q4) What purpose does a final project report serve? What are the major elements of the final project report and what information should be contained in each one?
Q5) What are any two common mistakes in a post-project lessons-learned meeting?
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