Information Technology Project Management: Eighth Edition Overview
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Questions and Answers

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?

    <p>$90,000</p> Signup and view all the answers

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

    <p>Time, Cost, Scope</p> Signup and view all the answers

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

    <p>To improve enterprise success</p> Signup and view all the answers

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

    <p>$134,658</p> Signup and view all the answers

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

    <p>Team-work, decision-making, problem-solving, and verbal communications</p> 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?

    <p>16.2%</p> Signup and view all the answers

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

    <p>Egypt</p> 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?

    <p>$109 million</p> 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?

    <p>2.5%</p> Signup and view all the answers

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

    <p>To help organizations make strategic investment decisions</p> Signup and view all the answers

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

    <p>Emphasizing emotional maturity in teams</p> Signup and view all the answers

    What is a program?

    <p>A group of related projects managed together for added benefits</p> Signup and view all the answers

    What does a program manager provide within a program?

    <p>Leadership and direction to project managers</p> Signup and view all the answers

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

    <p>Drive projects based on strategy</p> Signup and view all the answers

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

    <p>Following industry-recognized optimal ways to achieve goals</p> Signup and view all the answers

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

    <p>Coordinating the project management function throughout an organization</p> Signup and view all the answers

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

    <p>The Manhattan Project</p> Signup and view all the answers

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

    <p>Coordinating project activities to meet project requirements</p> Signup and view all the answers

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

    <p>Providing professional certification for project managers</p> Signup and view all the answers

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

    <p>Low-end, midrange, high-end</p> Signup and view all the answers

    What is a Program in the context of project management?

    <p>A group of related projects managed in a coordinated way</p> Signup and view all the answers

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

    <p>Due to the growth in project complexity and number of projects</p> Signup and view all the answers

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

    <p>'Benefits realization of projects'</p> Signup and view all the answers

    'Project portfolio management' involves:

    <p>'Organizing and managing projects as a portfolio of investments'</p> Signup and view all the answers

    What is the main purpose of a project?

    <p>To create a temporary endeavor</p> Signup and view all the answers

    What differentiates projects from operations?

    <p>Projects are temporary, while operations are ongoing to sustain the business</p> Signup and view all the answers

    What is the role of a project sponsor?

    <p>To provide direction and funding for the project</p> Signup and view all the answers

    What is the focus of program managers?

    <p>Obtaining benefits from managing projects individually</p> Signup and view all the answers

    What does project management entail?

    <p>Using tools and techniques to meet project requirements</p> Signup and view all the answers

    Who are considered stakeholders in a project?

    <p>Project sponsor, opponents to the project, and users</p> Signup and view all the answers

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

    <p>Scope, time, and cost constraints (triple constraint)</p> Signup and view all the answers

    What characterizes 'Super tools' in project management?

    <p>Tools that have high use and high potential for improving project success</p> 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?

    <p>A significant increase in successful IT projects</p> Signup and view all the answers

    How is project success typically defined?

    <p>Meeting scope, time, and cost goals, and satisfying stakeholders' needs</p> Signup and view all the answers

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