Podcast
Questions and Answers
Program management is the process of managing individual projects independently.
Program management is the process of managing individual projects independently.
False
Project Portfolio Management focuses on achieving strategic goals, while Project Management focuses on tactical goals.
Project Portfolio Management focuses on achieving strategic goals, while Project Management focuses on tactical goals.
True
The primary responsibility of a project manager is to plan and schedule the project tasks.
The primary responsibility of a project manager is to plan and schedule the project tasks.
False
Project monitoring and controlling involves measuring progress towards project objectives, but does not include monitoring deviations from the plan or taking corrective actions.
Project monitoring and controlling involves measuring progress towards project objectives, but does not include monitoring deviations from the plan or taking corrective actions.
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Verbal communication and team-building skills are the most important skills for project managers in large projects.
Verbal communication and team-building skills are the most important skills for project managers in large projects.
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Risk management and expectation management are the most important skills for project managers working on high uncertainty projects.
Risk management and expectation management are the most important skills for project managers working on high uncertainty projects.
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The project closing process does not involve gaining stakeholder and customer acceptance of the final products and services.
The project closing process does not involve gaining stakeholder and customer acceptance of the final products and services.
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One of the prioritized risks listed is the lack of inputs from internal consultants and client representatives.
One of the prioritized risks listed is the lack of inputs from internal consultants and client representatives.
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Outsourcing/purchasing for the processing online payment transactions is not listed as a prioritized risk.
Outsourcing/purchasing for the processing online payment transactions is not listed as a prioritized risk.
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Providing an efficient search feature is considered a prioritized risk in the given context.
Providing an efficient search feature is considered a prioritized risk in the given context.
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Strategic planning refers to the process of gaining stakeholder and customer acceptance of the final products and services.
Strategic planning refers to the process of gaining stakeholder and customer acceptance of the final products and services.
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Configuration Control Boards (CCBs) provide guidelines for evaluating change requests and managing the implementation of approved changes.
Configuration Control Boards (CCBs) provide guidelines for evaluating change requests and managing the implementation of approved changes.
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Configuration management ensures that the descriptions of the project's products are incorrect and incomplete.
Configuration management ensures that the descriptions of the project's products are incorrect and incomplete.
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The process of defining scope involves reviewing the project charter, requirements documents, and organizational process assets to create a scope statement.
The process of defining scope involves reviewing the project charter, requirements documents, and organizational process assets to create a scope statement.
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Validating scope is the process of subdividing the major project deliverables into smaller, more manageable components.
Validating scope is the process of subdividing the major project deliverables into smaller, more manageable components.
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Benchmarking is a method for collecting requirements by generating ideas by comparing specific project practices or product characteristics to those of other projects.
Benchmarking is a method for collecting requirements by generating ideas by comparing specific project practices or product characteristics to those of other projects.
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Controlling scope involves formalizing acceptance of the project deliverables.
Controlling scope involves formalizing acceptance of the project deliverables.
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In the context of organizational culture, 'unit integration' refers to the lack of coordination and independence among units within an organization.
In the context of organizational culture, 'unit integration' refers to the lack of coordination and independence among units within an organization.
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Risk tolerance is not considered a characteristic of organizational culture according to the given information.
Risk tolerance is not considered a characteristic of organizational culture according to the given information.
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For a project to succeed in an organization with a negative attitude towards IT, having a Chief Information Officer (CIO) at a high level is not considered helpful.
For a project to succeed in an organization with a negative attitude towards IT, having a Chief Information Officer (CIO) at a high level is not considered helpful.
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A project life cycle is a collection of project phases that defines the work to be performed, deliverables, involved parties, and management control for each phase.
A project life cycle is a collection of project phases that defines the work to be performed, deliverables, involved parties, and management control for each phase.
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In the context of systems development, a deliverable refers to a specific phase or stage in the development process.
In the context of systems development, a deliverable refers to a specific phase or stage in the development process.
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The Systems Development Life Cycle (SDLC) is a framework for describing the phases involved in developing and maintaining physical products.
The Systems Development Life Cycle (SDLC) is a framework for describing the phases involved in developing and maintaining physical products.
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The critical path for a project is the sequence of activities that determines the latest time by which the project can be completed.
The critical path for a project is the sequence of activities that determines the latest time by which the project can be completed.
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Slack or float is the amount of time an activity must be delayed without delaying a succeeding activity or the project finish date.
Slack or float is the amount of time an activity must be delayed without delaying a succeeding activity or the project finish date.
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The NPV calculation involves summing the benefits and costs of a project without considering any discount rate.
The NPV calculation involves summing the benefits and costs of a project without considering any discount rate.
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ROI is calculated by dividing the total benefits by the total costs of a project.
ROI is calculated by dividing the total benefits by the total costs of a project.
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The payback period is the duration it takes for a project to recover its initial investment.
The payback period is the duration it takes for a project to recover its initial investment.
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