Successful Project Management, 6th Edition Test Bank

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CHAPTER 1:PROJECT MANAGEMENT CONCEPTS© 2015 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.1.Aprojectisanendeavortoaccomplishaspecificobjectivethroughauniquesetofinterrelatedtasksandtheeffectiveutilizationofresources.a.Trueb.FalseANSWER:TrueFEEDBACK:CorrectTrue,aprojectisanendeavortoaccomplishaspecificobjectivethroughauniquesetofinterrelatedtasksandtheeffectiveutilizationofresources.IncorrectTrue,aprojectisanendeavortoaccomplishaspecificobjectivethroughauniquesetofinterrelatedtasksandtheeffectiveutilizationofresources.2.Aresearchfirmsecured$2milliontoevaluatethetreatmentofwaterinselectedcountriesoverthenextthreeyears.Thisisanexampleofaproject.a.Trueb.FalseANSWER:TrueFEEDBACK:CorrectTrue,thisisaprojectwithaspecificobjectivethatisaccomplishedthroughauniquesetofinterrelatedtasksandtheeffectiveutilizationofresources.IncorrectTrue,thisisaprojectwithaspecificobjectivethatisaccomplishedthroughauniquesetofinterrelatedtasksandtheeffectiveutilizationofresources.3.TheDepartmentofTransportationhiredacompanytobuildasix-lanehighwaybetweentwocities.Thisisanexampleofaproject.a.Trueb.FalseANSWER:TrueFEEDBACK:CorrectTrue,thisisaprojectwithaspecificthroughauniquesetofinterrelatedtasksandtheeffectiveutilizationofresources.IncorrectTrue,thisisaprojectwithaspecificthroughauniquesetofinterrelatedtasksandtheeffectiveutilizationofresources.4.Agroupvolunteeredtokeepasectionofhighwayclean.Thisisanexampleofaproject.a.Trueb.FalseANSWER:FalseFEEDBACK:CorrectFalse,thisisnotaproject.Itisnotauniquesetofinterrelatedtasksandtheeffectiveutilizationofresources.Aspecificdaywithvolunteerswouldbeaproject.IncorrectFalse,thisisnotaproject.Itisnotauniquesetofinterrelatedtasksandtheeffectiveutilizationofresources.Aspecificdaywithvolunteerswouldbeaproject.

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Chapter 1:Project Management Concepts© 2015 Cengage Learning. All Rights Reserved. May not be scanned, copied orduplicated, or posted to a publicly accessible website, in whole or in part.5.Theoutcomeofaprojectisatangibleendproduct.a.Trueb.FalseANSWER:TrueFEEDBACK:CorrectTheoutcomeofaprojectisatangibleendproduct.IncorrectTheoutcomeofaprojectisatangibleendproduct.6.Aprojectisanendeavortoaccomplishaspecificobjectivethroughauniquesetofnonrelatedtasksandtheeffectiveutilizationofresources.a.Trueb.FalseANSWER:FalseFEEDBACK:CorrectFalse,aprojectisanendeavortoaccomplishaspecificobjectivethroughauniquesetofinterrelatedtasksandtheeffectiveutilizationofresources.IncorrectFalse,aprojectisanendeavortoaccomplishaspecificobjectivethroughauniquesetofinterrelatedtasksandtheeffectiveutilizationofresources.7.Everyprojecthasastartingdateandanendingdate.a.Trueb.FalseANSWER:TrueFEEDBACK:CorrectEveryprojecthasastartingdateandanendingdate.IncorrectEveryprojecthasastartingdateandanendingdate.8.Aprojecthasaclearobjective.a.Trueb.FalseANSWER:TrueFEEDBACK:CorrectAprojecthasaclearobjective.IncorrectAprojecthasaclearobjective.9.Theprojectobjectiverequirescompletingtheprojectworkscopeontimeandwithinbudget.a.Trueb.FalseANSWER:TrueFEEDBACK:CorrectTheprojectobjectiverequirescompletingtheprojectworkscopeontimeandwithinbudget.IncorrectTheprojectobjectiverequirescompletingtheprojectworkscopeontimeandwithinbudget.

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Chapter 1:Project Management Concepts© 2015 Cengage Learning. All Rights Reserved. May not be scanned, copied orduplicated, or posted to a publicly accessible website, in whole or in part.10.Expectedbenefitsandoutcomesmaybeincludedintheprojectobjective.a.Trueb.FalseANSWER:TrueFEEDBACK:CorrectExpectedbenefitsandoutcomesmaybeincludedintheprojectobjective.IncorrectExpectedbenefitsandoutcomesmaybeincludedintheprojectobjective.11.Aprojectiscarriedoutthroughaseriesofindependenttasks.a.Trueb.FalseANSWER:FalseFEEDBACK:CorrectAprojectiscarriedoutthroughaseriesofinterdependenttasks.IncorrectAprojectiscarriedoutthroughaseriesofinterdependenttasks.12.Aprojectutilizesvariousresourcestocarryoutthetasks.a.Trueb.FalseANSWER:TrueFEEDBACK:CorrectAprojectutilizesvariousresourcestocarryoutthetasks.IncorrectAprojectutilizesvariousresourcestocarryoutthetasks.13.Resourcescanincludepeople,organizations,equipment,materials,andfacilities.a.Trueb.FalseANSWER:TrueFEEDBACK:CorrectResourcescanincludepeople,organizations,equipment,materials,andfacilities.IncorrectResourcescanincludepeople,organizations,equipment,materials,andfacilities.14.Aprojecthasanunlimitedtimeframe.a.Trueb.FalseANSWER:FalseFEEDBACK:CorrectAprojecthasaspecifictimeframe.IncorrectAprojecthasaspecifictimeframe.

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Chapter 1:Project Management Concepts© 2015 Cengage Learning. All Rights Reserved. May not be scanned, copied orduplicated, or posted to a publicly accessible website, in whole or in part.15.Aprojecthasasponsororcustomer.a.Trueb.FalseANSWER:TrueFEEDBACK:CorrectAprojecthasasponsororcustomer.IncorrectAprojecthasasponsororcustomer.16.Thesponsorprovidesfundstoaccomplishtheproject.a.Trueb.FalseANSWER:TrueFEEDBACK:CorrectThesponsorprovidesfundstoaccomplishtheproject.Projectsthatarecompletedinternalrequirefundstosupporttheeffortevenifnomoneychangesbudgets.IncorrectThesponsorprovidesfundstoaccomplishtheproject.Projectsthatarecompletedinternalrequirefundstosupporttheeffortevenifnomoneychangesbudgets.17.Aprojectinvolvesdegreeofuncertaintythatremainsthesameastheprojectprogresses.a.Trueb.FalseANSWER:FalseFEEDBACK:CorrectAprojectinvolvesadegreeofuncertaintythatisreducedastheprojectprogressesasestimatesandassumptionsaremoreaccurate.IncorrectAprojectinvolvesadegreeofuncertaintythatisreducedastheprojectprogressesasestimatesandassumptionsaremoreaccurate.18.Peoplearetheonlyresourceusedinaproject.a.Trueb.FalseANSWER:FalseFEEDBACK:CorrectResourcescanincludepeople,organizations,equipment,materials,andfacilities.IncorrectResourcescanincludepeople,organizations,equipment,materials,andfacilities.

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Chapter 1:Project Management Concepts© 2015 Cengage Learning. All Rights Reserved. May not be scanned, copied orduplicated, or posted to a publicly accessible website, in whole or in part.19.Aproject'sstakeholderswillalwaysincludeonlyrepresentativesfromthesponsor'sorganization.a.Trueb.FalseANSWER:FalseFEEDBACK:CorrectAproject'sstakeholdersmayincluderepresentativesfromotherorganizationsinadditiontothesponsororganization.IncorrectAproject'sstakeholdersmayincluderepresentativesfromotherorganizationsinadditiontothesponsororganization.20.Aprojectiscompletedthroughanumberofrepetitivetasks.a.Trueb.FalseANSWER:FalseFEEDBACK:CorrectInterdependenttasksarenon-repetitivetasks.Aprojectiscarriedoutthroughaseriesofinterdependenttasks.IncorrectInterdependenttasksarenon-repetitivetasks.Aprojectiscarriedoutthroughaseriesofinterdependenttasks.21.Introductionofanewprocesstoshippackagesforafirmisanexampleofaprojectobjective.a.Trueb.FalseANSWER:FalseFEEDBACK:CorrectFalse,thestatementismissingthescheduleandthebudget.IncorrectFalse,thestatementismissingthescheduleandthebudget.22.Determiningthemarketforaproductforagainof5%marketsharewithin18monthsand$20,000budget.Thisisanexampleofaprojectobjective.a.Trueb.FalseANSWER:TrueFEEDBACK:CorrectTrue,thestatementincludesadeliverable,schedule,andbudget.IncorrectTrue,thestatementincludesadeliverable,schedule,andbudget.23.Aprojectobjectiveisthetangibleendproductthattheprojectteammustproduceordeliver.a.Trueb.FalseANSWER:TrueFEEDBACK:CorrectAprojectobjectiveisthetangibleendproductthattheprojectteammustproduceordeliver.IncorrectAprojectobjectiveisthetangibleendproductthattheprojectteammustproduceordeliver.

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Chapter 1:Project Management Concepts© 2015 Cengage Learning. All Rights Reserved. May not be scanned, copied orduplicated, or posted to a publicly accessible website, in whole or in part.24.Theprojectobjectiveisusuallydefinedintermsofendproduct,schedule,andbudget.a.Trueb.FalseANSWER:TrueFEEDBACK:CorrectAprojectobjectiveisthetangibleendproductthattheprojectteammustproduceordeliver.Theprojectobjectiveisusuallydefinedintermsofendproduct,schedule,andbudget.IncorrectAprojectobjectiveisthetangibleendproductthattheprojectteammustproduceordeliver.Theprojectobjectiveisusuallydefinedintermsofendproduct,schedule,andbudget.25.Theprojectobjectiverequirescompletingtheprojectworkscopeandproducingallthedeliverablesbyacertaintimeandwithinbudget.a.Trueb.FalseANSWER:TrueFEEDBACK:CorrectTheprojectobjectiverequirescompletingtheprojectworkscopeandproducingallthedeliverablesbyacertaintimeandwithinbudget.IncorrectTheprojectobjectiverequirescompletingtheprojectworkscopeandproducingallthedeliverablesbyacertaintimeandwithinbudget.26.Projectsareconstrainedonlybythescope,schedule,andbudget.a.Trueb.FalseANSWER:FalseFEEDBACK:CorrectProjectsareconstrainedbymanyfactors.Projectscanalsobeconstrainedbyfactorssuchasquality,resources,risks,andcustomersatisfaction.IncorrectProjectsareconstrainedbymanyfactors.Projectscanalsobeconstrainedbyfactorssuchasquality,resources,risks,andcustomersatisfaction.27.Theprojectscopeisalltheworkthatmustbedoneinordertoproducealltheprojectdeliverables,satisfythecustomer,andaccomplishtheprojectobjective.a.Trueb.FalseANSWER:TrueFEEDBACK:CorrectTheprojectscopeisalltheworkthatmustbedonefortheproject.IncorrectTheprojectscopeisalltheworkthatmustbedonefortheproject.

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Chapter 1:Project Management Concepts© 2015 Cengage Learning. All Rights Reserved. May not be scanned, copied orduplicated, or posted to a publicly accessible website, in whole or in part.28.Alltheworkinvolvedwithclearingasidewalkafteraheavysnowstormisanexampleofaproject'sscope.a.Trueb.FalseANSWER:TrueFEEDBACK:CorrectTheprojectscopeisalltheworkthatmustbedonefortheproject.IncorrectTheprojectscopeisalltheworkthatmustbedonefortheproject.29.Qualityexpectationsareonlydefinedatthestartoftheproject.a.Trueb.FalseANSWER:FalseFEEDBACK:CorrectQualityexpectationsmustbedefinedfromtheonsetoftheproject.Specificationsmaychangetomeetnewcoderequirementsandbemodifiedastheprojectmovesforward.IncorrectQualityexpectationsmustbedefinedfromtheonsetoftheproject.Specificationsmaychangetomeetnewcoderequirementsandbemodifiedastheprojectmovesforward.30.Thescheduleforaprojectisatimetablewithonlystarttimesfortasks.a.Trueb.FalseANSWER:FalseFEEDBACK:CorrectAscheduleforaprojectisatimetablethatspecifieswheneachtaskoractivityshouldstartandfinish.IncorrectAscheduleforaprojectisatimetablethatspecifieswheneachtaskoractivityshouldstartandfinish.31.Theamountthesponsorhasagreedtopayforacceptableprojectdeliverablesistheprojectbudget.a.Trueb.FalseANSWER:TrueFEEDBACK:CorrectTheprojectbudgetistheamounttheprojectsponsorhasagreedtopayforaproject.Iftheprojectbudgetisoverrun,theoverrunisanexpensethatthecontractorwillhavetoabsorb.IncorrectTheprojectbudgetistheamounttheprojectsponsorhasagreedtopayforaproject.Iftheprojectbudgetisoverrun,theoverrunisanexpensethatthecontractorwillhavetoabsorb.

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Chapter 1:Project Management Concepts© 2015 Cengage Learning. All Rights Reserved. May not be scanned, copied orduplicated, or posted to a publicly accessible website, in whole or in part.32.Thecollapseofaretainingwallcouldbearisktotheprojectobjectiveforagardenconstructionproject.a.Trueb.FalseANSWER:TrueFEEDBACK:CorrectAriskcouldadverselyaffectaccomplishingtheprojectobjective.IncorrectAriskcouldadverselyaffectaccomplishingtheprojectobjective.33.Thelevelofeffortisthesameforallfourphasesofthegenericprojectlifecycle.a.Trueb.FalseANSWER:FalseFEEDBACK:CorrectTherelativelevelofeffortandtimedevotedvariesdependingupontheproject.IncorrectTherelativelevelofeffortandtimedevotedvariesdependingupontheproject.34.Aprojectisinitiatedwhenaneedisidentifiedbyacontractor.a.Trueb.FalseANSWER:FalseFEEDBACK:CorrectProjectsareinitiatedwhenaneedisidentifiedbyasponsor,thepeopleortheorganizationwillingtoprovidefundstohavetheneedsatisfied.IncorrectProjectsareinitiatedwhenaneedisidentifiedbyasponsor,thepeopleortheorganizationwillingtoprovidefundstohavetheneedsatisfied.35.Arequestforproposalsisusedtoinitiateallprojectsbycommunicatingthataprojectisneeded.a.Trueb.FalseANSWER:FalseFEEDBACK:CorrectSomeprojectsarecompletedinternallyorbyrequestofthesponsoranddonothavearequestforproposal.IncorrectSomeprojectsarecompletedinternallyorbyrequestofthesponsoranddonothavearequestforproposal.36.Whenestablishingtheprojectobjectives,theobjectivemustbeagreeduponbytheprojectsponsor.a.Trueb.FalseANSWER:TrueFEEDBACK:CorrectWhenestablishingtheprojectobjectives,theobjectivemustbeagreeduponbytheprojectsponsor.IncorrectWhenestablishingtheprojectobjectives,theobjectivemustbeagreeduponbytheprojectsponsor.

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Chapter 1:Project Management Concepts© 2015 Cengage Learning. All Rights Reserved. May not be scanned, copied orduplicated, or posted to a publicly accessible website, in whole or in part.37.Theprojectscopedocumentshouldincludealistofdeliverablesandassociatedacceptancecriteria.a.Trueb.FalseANSWER:TrueFEEDBACK:CorrectTheprojectscopedocumentshouldincludealistofdeliverablesandassociatedacceptancecriteria.IncorrectTheprojectscopedocumentshouldincludealistofdeliverablesandassociatedacceptancecriteria.38.Anetworkdiagramisahierarchicaldecompositionoftheprojectscopeintoworkelementstobeexecutedtoproducetheprojectdeliverables.a.Trueb.FalseANSWER:FalseFEEDBACK:CorrectAworkbreakdownstructureisahierarchicaldecompositionoftheprojectscopeintoworkelementstobeexecutedtoproducetheprojectdeliverables.IncorrectAworkbreakdownstructureisahierarchicaldecompositionoftheprojectscopeintoworkelementstobeexecutedtoproducetheprojectdeliverables.39.Apersonororganizationresponsibleforeachworkitemshouldbeidentifiedtoassignresponsibilitywhileplanningtheproject.a.Trueb.FalseANSWER:TrueFEEDBACK:CorrectApersonororganizationresponsibleforeachworkitemshouldbeidentified.IncorrectApersonororganizationresponsibleforeachworkitemshouldbeidentified.40.Aworkbreakdownstructureshowsthenecessarysequenceanddependentrelationshipsofthedetailedactivitiesforaproject.a.Trueb.FalseANSWER:FalseFEEDBACK:CorrectAnetworkdiagramshowsthenecessarysequenceanddependentrelationshipsofthedetailedactivitiesforaproject.IncorrectAnetworkdiagramshowsthenecessarysequenceanddependentrelationshipsofthedetailedactivitiesforaproject.

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Chapter 1:Project Management Concepts© 2015 Cengage Learning. All Rights Reserved. May not be scanned, copied orduplicated, or posted to a publicly accessible website, in whole or in part.41.Theamountofestimatedresourceshelpstodeterminetheestimateddurations.a.Trueb.FalseANSWER:TrueFEEDBACK:CorrectTheamountofestimatedresourceshelpstodeterminetheestimateddurations.IncorrectTheamountofestimatedresourceshelpstodeterminetheestimateddurations.42.Theestimateddurationoftheprojectisdependentuponthesequenceofactivities.a.Trueb.FalseANSWER:TrueFEEDBACK:CorrectTheestimateddurationoftheprojectisdependentuponthesequenceofactivities.IncorrectTheestimateddurationoftheprojectisdependentuponthesequenceofactivities.43.Thetypesandquantitiesofresourcestobeusedfortheactivitiesarethebasefortheestimatedprojectcost.a.Trueb.FalseANSWER:TrueFEEDBACK:CorrectThetypesandquantitiesofresourcestobeusedfortheactivitiesarethebasefortheestimatedprojectcost.IncorrectThetypesandquantitiesofresourcestobeusedfortheactivitiesarethebasefortheestimatedprojectcost.44.Theprojectbudgetincludescostsforeachactivityplusotherprojectcostssuchasadministrativecostsandoverheadcosts.a.Trueb.FalseANSWER:TrueFEEDBACK:CorrectTheprojectbudgetincludescostsforeachactivityplusotherprojectcostssuchasadministrativecostsandoverheadcosts.IncorrectTheprojectbudgetincludescostsforeachactivityplusotherprojectcostssuchasadministrativecostsandoverheadcosts.

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Chapter 1:Project Management Concepts© 2015 Cengage Learning. All Rights Reserved. May not be scanned, copied orduplicated, or posted to a publicly accessible website, in whole or in part.45.Globalizationchangesthedynamicsofaprojectandaddsalayerofcomplexitythatcanreducetherisksofaccomplishingtheprojectoutcome.a.Trueb.FalseANSWER:FalseFEEDBACK:CorrectGlobalizationchangesthedynamicsofaprojectandaddsalayerofcomplexitythatcanadverselyaffecttheprojectoutcome.IncorrectGlobalizationchangesthedynamicsofaprojectandaddsalayerofcomplexitythatcanadverselyaffecttheprojectoutcome.46.TheProjectManagementInstituteisaworldwidenot-for-profitorganizationofpractitionersthatcertifiesprojectmanagementprofessionals.a.Trueb.FalseANSWER:TrueFEEDBACK:CorrectApproximately400,000individualsworldwideholdPMIcredentials.IncorrectApproximately400,000individualsworldwideholdPMIcredentials.47.Asatisfiedcustomerisabenefitofimplementingprojectmanagementtechniques.a.Trueb.FalseANSWER:TrueFEEDBACK:CorrectTheultimatebenefitofimplementingprojectmanagementtechniquesishavingasatisfiedcustomer.IncorrectTheultimatebenefitofimplementingprojectmanagementtechniquesishavingasatisfiedcustomer.

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Chapter 1:Project Management Concepts© 2015 Cengage Learning. All Rights Reserved. May not be scanned, copied orduplicated, or posted to a publicly accessible website, in whole or in part.48.Whichofthefollowingisnotanexampleofaproject?a.Starting-uparestaurantb.Creatingawebsiteforacompanyc.Raisingmoneyforadisasterrelieftripd.EmptyingtherecyclingeverydayANSWER:dFEEDBACK:a.Aprojectisanendeavortoaccomplishaspecificobjectivethroughauniquesetofinterrelatedtasksandtheeffectiveutilizationofresources.Theonechoiceisarepetitiveefforteachday.Ifithadatimeframetoend,itwouldbeaproject.b.Aprojectisanendeavortoaccomplishaspecificobjectivethroughauniquesetofinterrelatedtasksandtheeffectiveutilizationofresources.Theonechoiceisarepetitiveefforteachday.Ifithadatimeframetoend,itwouldbeaproject.c.Aprojectisanendeavortoaccomplishaspecificobjectivethroughauniquesetofinterrelatedtasksandtheeffectiveutilizationofresources.Theonechoiceisarepetitiveefforteachday.Ifithadatimeframetoend,itwouldbeaproject.d.Aprojectisanendeavortoaccomplishaspecificobjectivethroughauniquesetofinterrelatedtasksandtheeffectiveutilizationofresources.Thischoiceisarepetitiveefforteachday.Ifithadatimeframetoend,itwouldbeaproject.49.Thefollowingmechanismshelptoassurequalityexpectationsaremet:a.Audits,inspections,andstandardsthroughouttheproject.b.Inspectionsonlyattheendoftheproject.c.Onlyalistofstandardsisneededatthestartoftheprojectd.Nomechanismsareneededtoassurequality.ANSWER:aFEEDBACK:a.Standards,inspections,audits,andsoforthmustbeinplacetoassurequalitythroughouttheproject,notjustattheendoftheproject.b.Standards,inspections,audits,andsoforthmustbeinplacetoassurequalitythroughouttheproject,notjustattheendoftheproject.c.Standards,inspections,audits,andsoforthmustbeinplacetoassurequalitythroughouttheproject,notjustattheendoftheproject.d.Standards,inspections,audits,andsoforthmustbeinplacetoassurequalitythroughouttheproject,notjustattheendoftheproject.

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Chapter 1:Project Management Concepts© 2015 Cengage Learning. All Rights Reserved. May not be scanned, copied orduplicated, or posted to a publicly accessible website, in whole or in part.50.Theusuallystatesthetimebywhichaprojectscopemustbecompletedintermsofthespecificdateagreeduponbythesponsor.a.Projectscheduleb.Projectobjectivec.Tasktimetabled.ProjectscopeANSWER:bFEEDBACK:a.Theprojectobjectiveusuallystatesthetimebywhichaprojectscopemustbecompletedintermsofthespecificdateagreeduponbythesponsor.b.Theprojectobjectiveusuallystatesthetimebywhichaprojectscopemustbecompletedintermsofthespecificdateagreeduponbythesponsor.c.Theprojectobjectiveusuallystatesthetimebywhichaprojectscopemustbecompletedintermsofthespecificdateagreeduponbythesponsor.d.Theprojectobjectiveusuallystatesthetimebywhichaprojectscopemustbecompletedintermsofthespecificdateagreeduponbythesponsor.51.Theprojectbudgetisbasedona.howwelltheprojectmanagercanuseaccountingsoftware.b.theestimatedcostsassociatedwiththequantitiesofresourcestobeused.c.theactualcostsoftheresourcesusedfortheproject.d.thecoststodotheresourcesbeforeanyindirectcosts.ANSWER:bFEEDBACK:a.Theprojectbudgetisbasedonestimatedcostsassociatedwiththequantitiesofvariousresourcesthatwillbeusedtoperformtheproject.b.Theprojectbudgetisbasedonestimatedcostsassociatedwiththequantitiesofvariousresourcesthatwillbeusedtoperformtheproject.c.Theprojectbudgetisbasedonestimatedcostsassociatedwiththequantitiesofvariousresourcesthatwillbeusedtoperformtheproject.d.Theprojectbudgetisbasedonestimatedcostsassociatedwiththequantitiesofvariousresourcesthatwillbeusedtoperformtheproject.

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Chapter 1:Project Management Concepts© 2015 Cengage Learning. All Rights Reserved. May not be scanned, copied orduplicated, or posted to a publicly accessible website, in whole or in part.52.Costsforresourcesonaprojectcouldincludeallthefollowingexcepta.feesforsubcontractorstoperformprojecttasksb.salariesofpeoplewhowillworkontheprojectc.rentaloffacilitiesd.costsforequipmentthatextendsbeyondtheprojecttimeANSWER:dFEEDBACK:a.Resourcesincludepeople,materials,equipment,facilities,andsoonrequiredatspecificperiodsduringtheproject.b.Resourcesincludepeople,materials,equipment,facilities,andsoonrequiredatspecificperiodsduringtheproject.c.Resourcesincludepeople,materials,equipment,facilities,andsoonrequiredatspecificperiodsduringtheproject.d.Resourcesincludepeople,materials,equipment,facilities,andsoonrequiredatspecificperiodsduringtheproject.53.Aplanmustbedevelopedthatidentifiesandassessespotentialrisks,determinesthelikelihoodofoccurrenceandpotentialimpactsofrisks,anddelineatesresponsesfordealingwithrisksa.riskdevelopmentb.riskmanagementc.riskmitigationd.riskavoidanceANSWER:bFEEDBACK:a.Ariskmanagementplanmustbedevelopedthatidentifiesandassessespotentialrisks,determinesthelikelihoodofoccurrenceandpotentialimpactsofrisks,anddelineatesresponsesfordealingwithrisks.b.Ariskmanagementplanmustbedevelopedthatidentifiesandassessespotentialrisks,determinesthelikelihoodofoccurrenceandpotentialimpactsofrisks,anddelineatesresponsesfordealingwithrisks.c.Ariskmanagementplanmustbedevelopedthatidentifiesandassessespotentialrisks,determinesthelikelihoodofoccurrenceandpotentialimpactsofrisks,anddelineatesresponsesfordealingwithrisks.d.Ariskmanagementplanmustbedevelopedthatidentifiesandassessespotentialrisks,determinesthelikelihoodofoccurrenceandpotentialimpactsofrisks,anddelineatesresponsesfordealingwithrisks.

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Chapter 1:Project Management Concepts© 2015 Cengage Learning. All Rights Reserved. May not be scanned, copied orduplicated, or posted to a publicly accessible website, in whole or in part.54.Projectsareidentifiedandselectedinthea.initiatingphase.b.planningphase.c.performingphase.d.closingphase.ANSWER:aFEEDBACK:a.Intheinitiatingphase,projectsareidentifiedandselected.b.Intheinitiatingphase,projectsareidentifiedandselected.c.Intheinitiatingphase,projectsareidentifiedandselected.d.Intheinitiatingphase,projectsareidentifiedandselected.55.Resourcesareidentifiedandselectedinthea.initiatingphase.b.planningphase.c.performingphase.d.closingphase.ANSWER:bFEEDBACK:a.Theplanningphaseincludesdefiningtheprojectscope,identifyingresources,developingascheduleandbudget,andidentifyingrisks.b.Theplanningphaseincludesdefiningtheprojectscope,identifyingresources,developingascheduleandbudget,andidentifyingrisks.c.Theplanningphaseincludesdefiningtheprojectscope,identifyingresources,developingascheduleandbudget,andidentifyingrisks.d.Theplanningphaseincludesdefiningtheprojectscope,identifyingresources,developingascheduleandbudget,andidentifyingrisks.56.Theprojectplanisexecutedinthea.initiatingphase.b.planningphase.c.performingphase.d.closingphase.ANSWER:cFEEDBACK:a.Intheperformingphase,theprojectplanisexecuted,andworktasksarecarriedouttoproducealltheprojectdeliverablesandtoaccomplishtheprojectobjective.b.Intheperformingphase,theprojectplanisexecuted,andworktasksarecarriedouttoproducealltheprojectdeliverablesandtoaccomplishtheprojectobjective.c.Intheperformingphase,theprojectplanisexecuted,andworktasksarecarriedouttoproducealltheprojectdeliverablesandtoaccomplishtheprojectobjective.d.Intheperformingphase,theprojectplanisexecuted,andworktasksarecarriedouttoproducealltheprojectdeliverablesandtoaccomplishtheprojectobjective.

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