Information Technology Project Management: Eighth Edition Overview

What does the Project Management Institute estimate for the demand of project management jobs from 2010 to 2020?

20 million
15.7 million (correct)
5 million
10 million

What was the percentage increase in worldwide IT spending from 2013 to 2014?

4 percent
2.5 percent
5.5 percent
3.2 percent (correct)

Which organization plays a significant role in advancing project management software?

International Monetary Fund (IMF)
World Health Organization (WHO)
United Nations (UN)
Project Management Institute (PMI) (correct)

What was the average salary in the U.S. in 2013 according to PMI's salary survey?

$90,000 (B) Signup and view all the answers

What is the main focus of the triple constraint of project management?

Time, Cost, Scope (B) Signup and view all the answers

Why do many organizations today have an increased interest in project management?

To improve enterprise success (A) Signup and view all the answers

What is the average annual salary for someone in the project management profession in Australia?

$134,658 (D) Signup and view all the answers

What are the top skills that employers look for in new college graduates related to project management?

Team-work, decision-making, problem-solving, and verbal communications (B) Signup and view all the answers

What percentage of IT projects were successful in meeting scope, time, and cost goals according to a 1995 Standish Group study?

16.2% (D) Signup and view all the answers

In which country is the average annual salary for someone in the project management profession the lowest?

Egypt (C) Signup and view all the answers

How much do organizations waste for every $1 billion spent on projects according to PMI’s Pulse of the Profession report?

$109 million (A) Signup and view all the answers

What percentage of corporations consistently meet their targets for scope, time, and cost goals for all types of project according to PricewaterhouseCoopers?

2.5% (A) Signup and view all the answers

What is the purpose of grouping and managing projects and programs as a portfolio of investments?

To help organizations make strategic investment decisions (D) Signup and view all the answers

Which factor is NOT cited as a key element for companies to excel in project delivery capability?

Emphasizing emotional maturity in teams (A) Signup and view all the answers

What is a program?

A group of related projects managed together for added benefits (A) Signup and view all the answers

What does a program manager provide within a program?

Leadership and direction to project managers (B) Signup and view all the answers

What does Robert Butrick suggest organizations need to follow as basic principles of project management?

Drive projects based on strategy (C) Signup and view all the answers

What is considered a best practice in project management according to the text?

Following industry-recognized optimal ways to achieve goals (D) Signup and view all the answers

What is the main responsibility of a Project Management Office (PMO)?

Coordinating the project management function throughout an organization (D) Signup and view all the answers

Which was considered the first project to use 'modern' project management techniques?

The Manhattan Project (D) Signup and view all the answers

What is the primary purpose of a Project Manager in projects?

Coordinating project activities to meet project requirements (D) Signup and view all the answers

What is a key role of the Project Management Institute (PMI)?

Providing professional certification for project managers (A) Signup and view all the answers

What are the three main categories of project management tools according to the text?

Low-end, midrange, high-end (D) Signup and view all the answers

What is a Program in the context of project management?

A group of related projects managed in a coordinated way (C) Signup and view all the answers

Why is talent development for project and program managers a top concern for organizations?

Due to the growth in project complexity and number of projects (A) Signup and view all the answers

What is one of the key metrics related to project management mentioned in the text?

'Benefits realization of projects' (D) Signup and view all the answers

'Project portfolio management' involves:

'Organizing and managing projects as a portfolio of investments' (B) Signup and view all the answers

What is the main purpose of a project?

To create a temporary endeavor (B) Signup and view all the answers

What differentiates projects from operations?

Projects are temporary, while operations are ongoing to sustain the business (A) Signup and view all the answers

What is the role of a project sponsor?

To provide direction and funding for the project (B) Signup and view all the answers

What is the focus of program managers?

Obtaining benefits from managing projects individually (A) Signup and view all the answers

What does project management entail?

Using tools and techniques to meet project requirements (D) Signup and view all the answers

Who are considered stakeholders in a project?

Project sponsor, opponents to the project, and users (C) Signup and view all the answers

What do project managers strive to meet in terms of constraints?

Scope, time, and cost constraints (triple constraint) (B) Signup and view all the answers

What characterizes 'Super tools' in project management?

Tools that have high use and high potential for improving project success (D) Signup and view all the answers

According to the Standish Group's CHAOS studies, what trend was seen in the number of successful IT projects over the past decade?

A significant increase in successful IT projects (C) Signup and view all the answers

How is project success typically defined?

Meeting scope, time, and cost goals, and satisfying stakeholders' needs (D) Signup and view all the answers