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Project Management Fundamentals: Key Concepts and Terminology

A foundational assignment in project management, focusing on key concepts and terminology.

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    Project Management Fundamentals: Key Concepts and Terminology 1. The review of key deliverables and project performance at the conclusion of a project phase is called: A. phase exit B. kill point C. stage gate D. a and c E. all of the above 2. Which of the following is a common characteristic of most project life cycle descriptions? A. Cost and staffing are low at the start, higher towards the end, and drop rapidly as the project nears completion. B. The probability of successfully completing the project is highest at the start of the project. C. Stakeholders have the most influence on the final characteristics of the product at the end of the project. D. a and b 3. A role of the change control board is to: A. issue change requests B. represent top management interests in initiating innovation

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    C. review the impact of change requests on project costs, schedule, and specifications D. schedule changes into PERT networks E. identify new areas of project work 4. Who should contribute to the development of the project plan? A. Project manager B. Entire project team including project manager C. Senior management D. Just the planning department 5. A project plan is: A. A formal, approved document used to guide both project execution and project control. B. A document issued by senior management that provides the project manager with the authority to apply organizational resources to project activities. C. A narrative description of products or services to be supplied. D. A document describing the organizational breakdown structure of the company. 6. Which of the following is NOT an example of a type of schedule report? A. Gantt chart B. Milestone chart

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    C. fishbone diagram D. network diagram 7. What is the primary purpose of a milestone chart? A. To show task dependencies. B. To show resource constraints. C. To show significant events in the project such as completion of key deliverables. D. To highlight the critical path. E. All of the above 8. When should the project manager be assigned? A. As early in the project as feasible. B. Preferably before much project planning has been done. C. At least prior to the start of project plan execution. D. All of the above. 9. In which type of organization(s) is the project manager's role most likely part - time? A. Functional

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    B. Balanced Matrix C. Weak Matrix D. Strong Matrix E. A and C 10. Project Stakeholders are defined as: A. Individuals and organizations that are actively involved in the project B. Individuals and organizations who use the project's product C. Individuals and organizations whose interest may be positively or negatively affected as a result of project execution or successful project completion D. Individuals and organizations who provide the financial resources E. All of the above 11. Fast Tracking is defined as: A. A method of project scheduling B. Linking of a project to the ongoing operations of the performing organization C. The overlapping of project phases D. A method of construction E. A method of defining scope of work

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    12. A product life cycle is a series of phases whose name and number is determined by the needs of the organization or organizations involved in the project. A. True B. False 13. General Management encompasses all except: A. Finance and accounting B. Strategic planning C. Sales and marketing D. Developing a new product or service E. Organizational Behavior 14. The organization structure that provides the project manager with the most authority over the project team is: A. Functional B. Weak matrix C. Balance matrix D. Strong matrix E. Projectized

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    15. Key Management skills include: A. Leading B. Communicating C. Negotiating D. Problem solving E. All of the above 16. A regulation is a document that lays down provisions with which compliance is mandatory. A. True B. False 17. Problem solving addresses only the cause of problems on the project. A. True B. False 18. In the phase sequence defined by project life cycles, a phase is not begun until all deliverables are approved from the preceding phase. A. True

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    B. False 19. Characteristics of project phases are: A. Milestones B. Objectives C. Activities D. Deliverables E. All of the above 20. A project is defined in the PMBOK as: A. A process of considerable scope that implements a plan B. A group of ideas managed in a coordinated way to obtain a desired outcome C. A temporary endeavor undertaken to create a unique product or service D. A collection of activities with a beginning and an end E. A series of tasks or functions that must be completed by a certain date 21. A program is defined in the PMBOK as: A. A group of projects managed in a coordinated way to obtain benefits not available from managing them individually

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    B. A number of sub - projects divided into manageable components enabling a project team to ensure the completion of a desired outcome C. A project plan developed by key management personnel to obtain a desired outcome D. The means to subdivide the project into manageable segments E. The framework project management uses to ensure the completion of projects 22. Project Integration Management A. Describes the processes required to ensure that the project includes all the work required to complete the project successfully B. Describes the processes required to ensure timely completion of the project C. Describes the processes required to enure that the project will satisfy the needs for which it was undertaken D. Describes the processes required to ensure that the various elements of the project are properly coordinated E. Describes the processes to acquire goods and services from outside the organization 23. The purpose of the PMBOK is to identify and describe knowledge and practices that must be applied uniformly on all projects A. True

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    B. False 24. An example of a project is: A. Billing customers B. Managing an organization C. Constructing a building or facility D. Providing technical support E. Providing financial services 25. Operations and projects share many characteristics A. True B. False 26. Baseline is the original plan for a project, work package, or activity, plus or minus approved changes. A. True B. False

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    27. A collection of generally sequential project phases whose name and number are determined by the control needs of the organization or organizations involved in the project, is called: A. Project life cycle B. Product life cycle C. Project life event D. All of the above 28. The project management framework does not provide a basic structure for understanding project management: A. True B. False 29. The facilitating processes include: A. Quality planning, organizational planning B. Staff acquisition, communications planning C. Risk identification, qualitative risk analysis, quantitative risk analysis

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    D. Risk response planning, procurement planning, solicitation planning E. All of the above 30. Middle (functional) managers have the greatest influence in the direction of the project in which type of organizational structure? A. Project B. Strong Matrix C. Weak Matrix D. Project Coordinator E. Project Expediter 31. The project life - cycle can be described as __________. A. project concept, project planning, project execution, and project close - out B. project planning, work authorization, and project reporting C. project planning, project control, project definition, WBS development and project termination D. project concept, project execution, and project reporting E. all of the above 32. Documented work authorizations provide __________. A. a means for effective internal coordination of the project's activities

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    B. an audit trail of all work authorized from project initiation to completion C. a means for communication of work activity between the project manager and the performing activities D. all of the above E. A and B only 33. The use of progress reports __________. A. are not necessary on small projects B. provides a means whereby various levels of authority can judge project performance C. provides insight into project problem areas and effectiveness of the controls systems D. all of the above E. B and C 34. Customer influence in the project planning process is __________. A. meddlesome and will slow down progress B. essential in accurately documenting the goals and the objectives of the project C. a minor consideration because the customer has difficulty in stating what he wants D. best handled by the sales department E. none of the above 35. A project is defined as __________.

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    A. a coordinated undertaking of interrelated activities directed toward a specific goal that has a finite period of performance B. a large, complex undertaking with many objectives, multiple sources of funding and no discernable end point C. an undertaking of interrelated activities directed toward a specific goal that can be accomplished in less than one year D. a group of activities headed by a project manager who has cradle - to - grave life cycle responsibility for the end product E. all of the above 36. Creation of project objectives __________. A. allows for data collection and analysis and progress reporting against which standards of performance can be measured B. is accomplished by selection of measurable variables against which performance can be judged C. is required before funding of the project by the project sponsor D. all of the above E. A and B only 37. The project charter __________. A. expresses upper management commitment to the project B. provides the authority by which the project may proceed C. establishes the organizational structure within which the project will operate D. specifies the overall objectives and time frames of the project E. all of the above

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    38. A program is characterized as __________. A. a grouping of related tasks lasting one year or less B. a unique undertaking having a definite time period C. a grouping of similar projects having no definite end that supports the product(s) from cradle to grave D. a project with a cost over $1 million E. none of the above 39. The project charter is developed by __________. A. senior management or manager external to project B. the customer C. the project manager D. both A and C E. none of the above 40. The purpose of configuration management is to __________. A. insure drawings are updated B. control change throughout the project C. control change during production only D. generate engineering change proposals E. inform the project manager of changes

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    41. Selection criteria for project selection include __________. A. cost vs. benefits B. risk C. contribution towards organizational goals D. rate of return E. all of the above 42. The design phase refers to the __________. A. concept phase B. development phase C. implementation phase D. acquisition phase E. A and / or B 43. Reliability of a product is most directly affected by __________. A. activities in the concept phase B. how well it is built C. the reputation of the manufacturer D. the project manager E. the company's commitment to quality 44. The development phase is the phase that includes __________. A. appropriations, allocations, assigning, and acquisition

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