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business
project management

Questions and Answers of Project Management

Compare and contrast the organizational cultures at Amazon and Google. Imagine if you were in charge of a project team at both companies. How might your approach to managing a project, developing
You are a member of the senior management staff at XYZ Corporation. You have historically been using a functional structure setup with five departments: finance, human resources, marketing,
Wegmans has been consistently voted one of the 100 best companies to work for in the United States by Fortune magazine.In fact, in 2005 it was ranked number 1, and in 2016 it was ranked number 4. Go
Go to the Web site www.projectstakeholder.com and analyze some of the case studies found on the Web site. What do these cases suggest about the importance of assessing stakeholder expectations for a
Go to a corporate Web site of your choice and access the organizational chart. What form of organization does this chart represent: functional, project, matrix, or some other form? Based on our
Access the corporate Web site for Fluor-Daniel Corporation and examine its “Compliance and Ethics” section at www.fluor.com/sustainability/ethics_compliance/Pages/default.aspx. What does the list
What is the main role of the functional manager?a. To control resourcesb. To manage the project when the project manager isn’t availablec. To define business processesd. To manage the project
What is the typical role of senior management on a project?a. Support the projectb. Pay for itc. Support the project and resolve resource and other conflictsd. Resolve resource and other conflicts
What is an organization that controls project managers, documentation, and policies called?a. Project management officeb. Strong matrixc. Functionald. Pure project
A business analyst has a career path that has been very important to her throughout the 10 years of her career.She is put on a project with a strong matrix organizational structure. Which of the
The functional manager is planning the billing system replacement project with the newest project manager at the company. In discussing this project, the functional manager focuses on the cost
In a functional organization:a. Power lies mainly with the project managerb. Power lies mainly with the functional managerc. Power is equally divided between the project and functional managersd.
A project manager is meeting resistance from a functional manager in getting resources assigned to the project team.Which would be the most appropriate to help resolve this situation?a. Senior
In a weak matrix organization:a. More power resides with the project managerb. More power resides with the functional managerc. Power is equally divided between the project and functional managersd.
A Project Management Office (PMO) that is intended to function primarily as a tracking and monitoring device is often referred to as:a. A resource poolb. A control towerc. A weather stationd. A matrix
The British Broadcasting Corporation (BBC) recently announced the cancellation of a major Information Technology(IT) project intended to update their vast broadcast operations. The project, called
Go to the PMI Web site and examine the link “Membership.”What do you discover when you begin navigating among the various chapters and cooperative organizations associated with the PMI? How does
Go to http://www.pmi.org/business-solutions/casestudies and examine some of the cases included on the Web page. What do they suggest about the challenges of managing projects successfully? The
Using your favorite search engine (Google, Yahoo!, etc.), type in the keywords “project” and “project management.”Randomly select three of the links that come up on the screen. Summarize what
Go to the Web site for the Software Engineering Institute of Carnegie Mellon University at https://resources.sei.cmu.edu/asset_files/SpecialReport/1994_003_001_16265.pdf and access the software
The majority of the project budget is expended upon:a. Project plan development.b. Project plan execution.c. Project termination.d. Project communication.
Which of the following is the most critical component of the triple constraint?a. Time, then cost, then quality.b. Quality, then budget, then time.c. Scope.d. They are all of equal importance unless
Which of the following best describes a project stakeholder?a. A team member.b. The project manager.c. Someone who works in an area affected by the project.d. All of the above are stakeholders.
All of the following are elements in the definition of a project, except:a. A project is time-limited.b. A project is unique.c. A project is composed of unrelated activities.d. A project is
All of the following distinguish project management from other process activities, except:a. There are no fundamental differences between project and process management.b. Project management often
Although the name Rolls-Royce is inextricably linked with its ultra-luxurious automobiles, the modern Rolls-Royce operates in an entirely different competitive environment.A leading manufacturer of
In recent years, Keflavik Paper Company has been having problems with its project management process.Several commercial projects, for example, have come in late and well over budget, and product
Your firm has the opportunity to invest $75,000 in a new project opportunity but due to cash flow concerns, your boss wants to know when you can pay back the original investment. Using the discounted
Pracht, a popular cosmetics company in Germany, has been performing favorably and growing at a constant rate, with profits exceeding $900,000 in the last financial year. The company now wants to
What are the benefits and drawbacks of assessing a project’s viability by determining its payback period?
Describe the six important issues that managers should consider when evaluating screening models.
Your firm is trying to decide whether to invest in a new project opportunity based on the following information. The initial cash outlay will total $250,000 over two years. The firm expects to invest
The IT implementation project is bogging down and falling behind schedule. The department heads are complaining that the project cannot help them if it is not implemented in a reasonable time frame.
“This isn’t what I need!” objected the admissions officer at Northwest Regional Hospital.Judy sighed, “But this is the software you asked us to create for you.”“I don’t care what I said
Assume the network diagram shown in Figure 11.19. Megan is responsible for activities A and C. Use the critical chain methodology to resource-level the network. What are two options for redrawing the
Develop a Gantt chart with the following information. What is the expected duration of the project? What is the critical path? Activity Expected Duration Predecessors A BL 12 8 None None C 5 None D
Given the following information, answer the questions about this project:a. Draw the network as a Gantt chart.b. What is the critical path? Which activities have slack time?c. What would happen if
Suppose that you are a project manager asked to develop the network activity diagram and identify the critical path for a project based on the following information. Draw the activity network as a
Reconfigure the Gantt chart in Problem 10.13 to include some different predecessor relationships. Optional: Solve this problem with Microsoft Project.a. Assume that activities B and C are linked with
Consider a project with the following information. Construct the project activity network using AOA methodology and label each node and arrow appropriately. Identify all dummy activities required to
You are considering whether or not to crash your project.After asking your operations manager to conduct an analysis, you have highlighted the “precrash” and “postcrash”activity durations and
Suppose you are considering crashing a project. The project’s network is as follows, along with a table identifying its critical activities and the crash costs for all tasks.a. What is the cost of
Dummy variables are used in what kind of network diagramming method?a. AONb. Gantt chartsc. AOAd. OBS
Suppose you evaluated the best-case, most likely, and worst-case duration estimates for an activity and determined that they were 3 days, 4 days, and 8 days, respectively.Using PERT estimation
Suppose you created your activity network and discovered that you had two critical paths in your project. You share this information with another project manager, who strongly argues that a project
Which of the following circumstances would require the creation of a lag relationship in a network diagram?a. The critical pathb. The insertion of a dummy variable into a network diagramc. A delay
The goal of project crashing is to:a. Reduce the schedule by minimizing project risksb. Reduce the schedule without changing the project scopec. Reduce project costsd. Expand the schedule to embrace
You have been directed by your boss to find ways to shrink the project schedule. The boss is also insisting on lowering project costs at the same time. What would be an appropriate response to these
What is the difference between a Gantt chart and a milestone chart?a. There is no difference; they are synonymous termsb. A Gantt chart is a project plan and a milestone chart is notc. A milestone
Schedule constraints would usually include all of the following EXCEPT:a. Lead times and lag timesb. Key eventsc. Major milestonesd. Imposed dates
Leads and lags are evaluated and, if necessary, modified as part of which process?a. Scope developmentb. Duration estimatingc. Analogous cost estimatingd. Schedule development
Jack Palmer, head of the Special Projects Division for Ramstein Products, had been in his new position for only three months when he ordered an evaluation of project management practices within his
What are the key terms used in Agile PM? Explain what the terms mean.
What is the main purpose of sprint reviews in Agile PM?
What are the benefits of employing CCPM as a method for controlling the portfolio of projects for an organization?
What are some of the limitations of CCPM as a methodology?
Go to www.youtube.com/watch?v=BRMDCRPGYBE for a brief overview of Critical Chain Project Management.What does the presenter suggest are the benefits and biggest challenges of implementing CCPM?
Go to www.youtube.com/watch?v=XU0llRltyFM to view a brief introduction to the techniques of Scrum for new development projects. What are time estimates for completing the different user stories so
Visit www.pqa.net/ccpm/W05001001.html and consider some of the key links, including “What’s New & Different about Critical Chain (CCPM)?” and “Diagnose Your Project Management Problems.”
Go to www.focusedperformance.com/articles/multi02.html. In an article entitled “The Sooner You Start, the Later You Finish,” several points are made about the logic of scheduling and the value of
Joe has been managing his project now for more than 12 months and is becoming concerned with how far behind the schedule it is slipping. Through a series of mishaps, late supplier deliveries, bad
Explain how Gantt charts are used. What are the benefits of using this planning tool?
Explain the concept of the forward and backward pass calculations in AON. Why does the calculation need to be done this way?
“Networks can become too large and complex to be meaningful.” Do you agree or disagree with this statement? Justify your answer.
Go to https://www.youtube.com/watch?v=Fp9m4GNwGng to view a brief video on the Brazilian Jet manufacturer Embraer and their use of Critical Chain Project Management for maintenance services. How has
A. SatisfactoryB. StaticC. SpecificD. Standard
Using Table 12–3, draw the CPM chart for the project. In this case, make all identifications on the arrows (activities) rather than the events. Show that the critical path is twentyone weeks.Using
The triple constraints on a project are:A. Time, cost, and profitability B. Resources required, sponsorship involvement, and funding C. Time, cost, and quality and/or scope D. Calendar dates,
The threshold limits on when to use the project management methodology are:A. The importance of the customer and potential profitability B. The size of the project (i.e., $) and duration C. The
One of the most difficult problems facing management is that of how to minimize the transition time between changeover from a purely traditional organizational form to a project organizational form.
Figure 2–7 identifies the different life cycles of programs, projects, systems, and products.For each of the life cycles’ phases, select a project organizational form that you feel would work
By 1970, Jones and Shephard Accountants, Inc. (J&S) was ranked eighteenth in size by the American Association of Accountants. In order to compete with the larger firms, J&S formed an
When talking about SMART objectives, the “A” stands for:A. AccurateB. AcuteC. AttainableD. Able
In 1982, an electrical equipment manufacturer decentralized the organization, allowing each division manager to set priorities for the work in his division. The division manager of the R&D division
One of the outputs of the PMBOK® Scope Planning Process is:A. A project charterB. A scope statement and management planC. A detailed WBSD. None of the above
The PMBOK® Scope Verification Process is used to verify that:A. The budget is correct.B. The scope is correct.C. The schedule is correct.D. A life-cycle phase or the end of the project has been
Financial closeout, which is often part of following the Scope Verification Process, is used to:A. Close out all charge numbersB. Close out all charge numbers for the work performed and completedC.
In which Scope Management Process is the detailed WBS prepared:A. Scope InitiationB. Scope PlanningC. Scope DefinitionD. Scope Verification
Should the length of a program have an impact on whether to set up a separate project or task for administrative support? How about for raw materials?
Is it true that project managers set the milestones and functional managers hope they can meet them?
Before PERT diagrams are prepared, should the person performing the work have a clear definition of the requirements and objectives, both prime and supporting? Is it an absolute necessity?
Which of the following is a valid way of obtaining proper project performance information?A. First-hand observations B. Oral and written reports C. Review and technical interchange meetings D. All of
Proper graphical display of information can result in:A. Reducing paperwork costs B. Reducing reporting costs C. Reducing time for routine decisions D. All of the above
You have been asked to price out a project for an outside customer. The project will run for eight months. Direct labor is $100,000 for each month and the overhead rate is fixed at 100 percent per
Karl has decided to retain a management reserve on a $400,000 project that includes a $60,000 profit. At the completion of the project, Karl finds that the management reserve fund contains $40,000.
The award of the Scott contract on January 3, 1987, left Park Industries elated. The Scott Project, if managed correctly, offered tremendous opportunities for follow-on work over the next several
The Taguchi Method philosophies concentrate on improving quality during the:A. Conceptual Phase B. Design Phase C. Implementation Phase D. Closure Phase
Describe the five types of buffers used by the Critical Chain methodology, and the unique purpose of each one.
How should a resource manager decide which task a resource should work on, when there is a conflict?
In what ways does a Critical Chain plan address Deming’s concerns about common cause variation?
Is a Critical Chain schedule more useful to people planning and managing tasks, or to people actually performing the tasks? Explain.
Describe the primary role of the “drum” manager.
Describe four ways that Critical Chain is different from (extends) the Critical Path approach(as Critical Path is traditionally applied)?
How could a buffer report alert a manager to a schedule problem?
The following are different measurements used by organizations for project managers and team members. Which two represent a Critical Chain philosophy?a. Accuracy of task time estimatesb. Do your work
From an executive perspective, which of the following are the major benefits of a Critical Chain approach?a. Improved cash flowb. Less time to review major projects, with better reportingc. More
Two project managers are looking for the same resource to perform work on their projects. In one project, the work is on a task on a feeding path, in which the feeding buffer is 95 percent consumed.
Critical Chain is a methodology to help managers plan projects and manage their execution to deliver the projects on time, on budget, and within scope. In each case below, given the two choices,
Why must executives buy into the multiproject Critical Chain approach?
There are three major software products that support Critical Chain. One product is an“add-on” to Microsoft Project. Describe one major advantage of being linked to Microsoft Project and one

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