MGT4104 Project Management Fundamentals

Quiz 1: Orientation and Introduction to PM

Question 1 0 / 1 point

The pillars of project management are:

a) Delivering a project on time and within budget

b) Initiative management, project management, and operations management

c) Delivering a product/service within schedule, cost, scope, and quality requirements

Question 2 0 / 1 point

The following careers can leverage project management knowledge. (Select all that apply)

a) Project director

b) Gaming manager

c) Restaurant owner/manager

d) Teacher

e) Construction manager

f) Graphic artist

g) Project coordinator

h) Project manager

i) Engineer

Question 3 0 / 1 point

Project Managers who adhere to the Project Management Institute's (PMI) Code of Ethics and Professional Conduct include the following in their decisions:

a) The scope, schedule and budget of a project

b) The best interests of society, the safety of the public, and enhancement of the environment

c) Optimizing the productivity of the project team at all costs

Question 4 0 / 1 point

Project Management has recently become recognized as a professional discipline. Does this coincide with the timeframe when projects first began?

a) No

b) Yes

Question 5 0 / 1 point

The 1950s marked the beginning of the modern project management era. What two mathematical project-scheduling models were developed?

a) Critical path method (CPM)

b) Precedence diagramming method (PDM)

c) Program evaluation and review technique (PERT)

d) Critical chain method (CCM)

Question 6 0 / 1 point

All projects have the following characteristics. (Select all that apply)

a) Have a start and an end date

b) Exist to bring about a unique product or service

c) Not part of an everyday business process

d) Temporary endeavours

e) Profitable

Question 7 0 / 1 point

Business operations have different characteristics than projects. Business operations have these characteristics. (Select all that apply)

a) Profitable

b) Same processes repeated to produce the same results

c) Continuous work

d) Purpose is to keep the organization functioning

e) No end date

Question 8 0 / 1 point

The Standish Group CHAOS Report (2009) cited a high percentage of project failures and wasted organizational dollars. What can be done to avoid these project failure rates?

a) Do not waste any time discussing what needs to be done. Jump right in and start building the product or service.

b) Make sure that the project stays on schedule and within budget.

c) Get the right business needs (requirements) understood early in the process and ensure that project management techniques are applied and followed, and the project activities are monitored

Question 9 0 / 1 point

What is project management?

a) The completion of repetitive business operation processes to deliver a unique product or service.

b) A set of objectives which are networked in an order and aimed towards achieving the budget of a project.

c) The application of knowledge, skills, tools, and techniques applied to project activities in order to meet the project requirements.

Question 10 0 / 1 point

On every project, the project manager must manage a competing set of constraints. What are they?

a) Scope, schedule, and quality

b) Resources, priorities and decisions

c) Cost, scope, quality, risk, resources, and time

Question 11 0 / 1 point

The following saying is an explanation of what? "We can do GOOD, CHEAP and QUICK work. GOOD QUICK work won't be CHEAP. GOOD CHEAP work won't be QUICK. QUICK CHEAP work won't be GOOD."

a) Business operations

b) Critical path method

c) Triple constraint

d) Project management

Question 12 0 / 1 point

What areas of expertise should a project manager bring to the project team to optimize the chance of project success? (Select all that apply)

a) Interpersonal skills

b) Understanding of how to best bribe a project customer to sign off on the project's acceptance

c) Knowledge of the application area and the standards and regulations in the project management industry

d) Understanding of the project environment, general management knowledge and skills

Question 13 0 / 1 point

How much time is it estimated that a project manager spends communicating?

a) 50%

b) 99%

c) 90%

d) 80%

Question 14 0 / 1 point

What is the PMBOK Guide?

a) The standards for the project management profession

b) Program management body of knowledge

c) A body of knowledge that identifies project management knowledge that is generally recognized as good practice

d) Project management book of knowingness

Question 15 0 / 1 point

Organizational leaders initiate projects in response to factors acting upon their organizations. What are the four fundamental categories for these factors which illustrate the context of a project? (Select the four that apply)

a) Create, improve, or fix products, processes, or services

b) Satisfy stakeholder requests or needs

c) Usage of overabundant resource availability

d) Meet regulatory, legal, or social requirements

e) Transition assembly line production to business operations

f) Implement or change business or technological strategies

g) Change in political situation of neighbouring country

Question 16 0 / 1 point

Project management discipline is important. Poorly managed projects or the absence of project management may result in: (Select all the apply)

a) Uncontrolled expansion of a project

b) Unsatisfied stakeholders

c) Poor quality

d) Failure in achieving the objectives for which the project was undertaken

e) Satisfactory achievement of all project objectives

f) Early delivery of project deliverables

g) Satisfied stakeholders

h) Profits

i) Loss of reputation of the organization

j) Cost overruns

k) Rework

l) Missed deadlines

Question 17 0 / 1 point

What is true regarding the relationship between projects, programs and portfolios?

a) There is no relationship between projects, programs and portfolios

b) Portfolio managers often report to project managers

c) All project, program and portfolio resources (human and financial) are managed independently

d) Projects can be managed stand-alone, within a program, or within a portfolio