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Project Management Fundamentals: Key Concepts and Terminology - Document preview page 1

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Project Management Fundamentals: Key Concepts and Terminology

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

Emma Thompson
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Project Management Fundamentals: Key Concepts and Terminology - Page 1 preview imageProject Management Fundamentals: Key Concepts and Terminology1.The review of key deliverables and project performance at the conclusion of aproject phase is called:A. phase exitB. kill pointC. stage gateD. a and cE. all of the above2. Which of the following is a common characteristic of most project life cycledescriptions?A. Cost and staffing are low at the start, higher towards the end, and drop rapidlyas the project nears completion.B. The probability of successfully completing the project is highest at the start ofthe project.C. Stakeholders have the most influence on the final characteristics of the productat the end of the project.D. a and b3. A role of the change control board is to:A. issue change requestsB. represent top management interests in initiating innovation
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Project Management Fundamentals: Key Concepts and Terminology - Page 2 preview image
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Project Management Fundamentals: Key Concepts and Terminology - Page 3 preview imageC. review the impact of change requests on project costs, schedule, andspecificationsD. schedule changes into PERT networksE. identify new areas of project work4. Who should contribute to the development of the project plan?A. Project managerB. Entire project team including project managerC. Senior managementD. Just the planning department5. A project plan is:A. A formal, approved document used to guide both project execution and projectcontrol.B. A document issued by senior management that provides the project managerwith 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 chartB. Milestone chart
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Project Management Fundamentals: Key Concepts and Terminology - Page 4 preview imageC. fishbone diagramD. network diagram7. 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 keydeliverables.D. To highlight the critical path.E. All of the above8. 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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Project Management Fundamentals: Key Concepts and Terminology - Page 5 preview imageB. Balanced MatrixC. Weak MatrixD. Strong MatrixE. A and C10. Project Stakeholders are defined as:A. Individuals and organizations that are actively involved in the projectB. Individuals and organizations who use the project's productC. Individuals and organizations whose interest may be positively or negativelyaffected as a result of project execution or successful project completionD. Individuals and organizations who provide the financial resourcesE. All of the above11. Fast Tracking is defined as:A. A method of project schedulingB. Linking of a project to the ongoing operations of the performing organizationC. The overlapping of project phasesD. A method of constructionE. A method of defining scope of work
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Project Management Fundamentals: Key Concepts and Terminology - Page 6 preview image12. A product life cycle is a series of phases whose name and number isdetermined by the needs of the organization or organizations involved in theproject.A. TrueB. False13. General Management encompasses all except:A. Finance and accountingB. Strategic planningC. Sales and marketingD. Developing a new product or serviceE. Organizational Behavior14. The organization structure that provides the project manager with the mostauthority over the project team is:A. FunctionalB. Weak matrixC. Balance matrixD. Strong matrixE. Projectized
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Project Management Fundamentals: Key Concepts and Terminology - Page 7 preview image15. Key Management skills include:A. LeadingB. CommunicatingC. NegotiatingD. Problem solvingE. All of the above16. A regulation is a document that lays down provisions with which compliance ismandatory.A. TrueB. False17. Problem solving addresses only the cause of problems on the project.A. TrueB. False18. In the phase sequence defined by project life cycles, a phase is not begun untilall deliverables are approved from the preceding phase.A. True
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Project Management Fundamentals: Key Concepts and Terminology - Page 8 preview imageB. False19. Characteristics of project phases are:A. MilestonesB. ObjectivesC. ActivitiesD. DeliverablesE. All of the above20. A project is defined in the PMBOK as:A. A process of considerable scope that implements a planB. A group of ideas managed in a coordinated way to obtain a desired outcomeC. A temporary endeavor undertaken to create a unique product or serviceD. A collection of activities with a beginning and an endE. A series of tasks or functions that must be completed by a certain date21. A program is defined in the PMBOK as:A. A group of projects managed in a coordinated way to obtain benefits notavailable from managing them individually
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Project Management Fundamentals: Key Concepts and Terminology - Page 9 preview imageB. A number of sub-projects divided into manageable components enabling aproject team to ensure the completion of a desired outcomeC. A project plan developed by key management personnel to obtain a desiredoutcomeD. The means to subdivide the project into manageable segmentsE. The framework project management uses to ensure the completion of projects22. Project Integration ManagementA. Describes the processes required to ensure that the project includes all the workrequired to complete the project successfullyB. Describes the processes required to ensure timely completion of the projectC. Describes the processes required to enure that the project will satisfy the needsfor which it was undertakenD. Describes the processes required to ensure that the various elements of theproject are properly coordinatedE. Describes the processes to acquire goods and services from outside theorganization23. The purpose of the PMBOK is to identify and describe knowledge andpractices that must be applied uniformly on all projectsA. True
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Project Management Fundamentals: Key Concepts and Terminology - Page 10 preview imageB. False24. An example of a project is:A. Billing customersB. Managing an organizationC. Constructing a building or facilityD. Providing technical supportE. Providing financial services25. Operations and projects share many characteristicsA. TrueB. False26. Baseline is the original plan for a project, work package, or activity, plus orminus approved changes.A. TrueB. False
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Project Management Fundamentals: Key Concepts and Terminology - Page 11 preview image27. A collection of generally sequential project phases whose name and number aredetermined by the control needs of the organization or organizations involved inthe project, is called:A. Project life cycleB. Product life cycleC. Project life eventD. All of the above28. The project management framework does not provide a basic structure forunderstanding project management:A. TrueB. False29. The facilitating processes include:A. Quality planning, organizational planningB. Staff acquisition, communications planningC. Risk identification, qualitative risk analysis, quantitative risk analysis
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Project Management Fundamentals: Key Concepts and Terminology - Page 12 preview imageD. Risk response planning, procurement planning, solicitation planningE. All of the above30. Middle (functional) managers have the greatest influence in the direction of theproject in which type of organizational structure?A. ProjectB. Strong MatrixC. Weak MatrixD. Project CoordinatorE. Project Expediter31. The project life-cycle can be described as __________.A. project concept, project planning, project execution, and project close-outB. project planning, work authorization, and project reportingC. project planning, project control, project definition, WBS development andproject terminationD. project concept, project execution, and project reportingE. all of the above32. Documented work authorizations provide __________.A. a means for effective internal coordination of the project's activities
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Project Management Fundamentals: Key Concepts and Terminology - Page 13 preview imageB. an audit trail of all work authorized from project initiation to completionC. a means for communication of work activity between the project manager andthe performing activitiesD. all of the aboveE. A and B only33. The use of progress reports __________.A. are not necessary on small projectsB. provides a means whereby various levels of authority can judge projectperformanceC. provides insight into project problem areas and effectiveness of the controlssystemsD. all of the aboveE. B and C34. Customer influence in the project planning process is __________.A. meddlesome and will slow down progressB. essential in accurately documenting the goals and the objectives of the projectC. a minor consideration because the customer has difficulty in stating what hewantsD. best handled by the sales departmentE. none of the above35. A project is defined as __________.
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Project Management Fundamentals: Key Concepts and Terminology - Page 14 preview imageA. a coordinated undertaking of interrelated activities directed toward a specificgoal that has a finite period of performanceB. a large, complex undertaking with many objectives, multiple sources of fundingand no discernable end pointC. an undertaking of interrelated activities directed toward a specific goal that canbe accomplished in less than one yearD. a group of activities headed by a project manager who has cradle-to-grave lifecycle responsibility for the end productE. all of the above36. Creation of project objectives __________.A. allows for data collection and analysis and progress reporting against whichstandards of performance can be measuredB. is accomplished by selection of measurable variables against whichperformance can be judgedC. is required before funding of the project by the project sponsorD. all of the aboveE. A and B only37. The project charter __________.A. expresses upper management commitment to the projectB. provides the authority by which the project may proceedC. establishes the organizational structure within which the project will operateD. specifies the overall objectives and time frames of the projectE. all of the above
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Project Management Fundamentals: Key Concepts and Terminology - Page 15 preview image38. A program is characterized as __________.A. a grouping of related tasks lasting one year or lessB. a unique undertaking having a definite time periodC. a grouping of similar projects having no definite end that supports theproduct(s) from cradle to graveD. a project with a cost over $1 millionE. none of the above39. The project charter is developed by __________.A. senior management or manager external to projectB. the customerC. the project managerD. both A and CE. none of the above40. The purpose of configuration management is to __________.A. insure drawings are updatedB. control change throughout the projectC. control change during production onlyD. generate engineering change proposalsE. inform the project manager of changes
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Project Management Fundamentals: Key Concepts and Terminology - Page 16 preview image41. Selection criteria for project selection include __________.A. cost vs. benefitsB. riskC. contribution towards organizational goalsD. rate of returnE. all of the above42. The design phase refers to the __________.A. concept phaseB. development phaseC. implementation phaseD. acquisition phaseE. A and / or B43. Reliability of a product is most directly affected by __________.A. activities in the concept phaseB. how well it is builtC. the reputation of the manufacturerD. the project managerE. the company's commitment to quality44. The development phase is the phase that includes __________.A. appropriations, allocations, assigning, and acquisition
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