Podcast
Questions and Answers
When evaluating the direct objectives of a project, which metric is LEAST likely to be considered by managers according to recent research?
When evaluating the direct objectives of a project, which metric is LEAST likely to be considered by managers according to recent research?
When adhering to the objectives now suggest managers should use three measures, which of the following is one of those measures?
When adhering to the objectives now suggest managers should use three measures, which of the following is one of those measures?
Which of the following is NOT considered a characteristic of project management trends?
Which of the following is NOT considered a characteristic of project management trends?
What type of project is characterized by global teams working across different physical locations and time zones?
What type of project is characterized by global teams working across different physical locations and time zones?
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Which factor is LEAST likely to be a driving force behind the emergence of project management in contemporary society?
Which factor is LEAST likely to be a driving force behind the emergence of project management in contemporary society?
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Which phases of a project typically require the MOST overall effort?
Which phases of a project typically require the MOST overall effort?
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The 'stretched-S' project lifecycle pattern is mainly attributed to what factor?
The 'stretched-S' project lifecycle pattern is mainly attributed to what factor?
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Earned value analysis relies on the principle that project completion percentage is closely related to:
Earned value analysis relies on the principle that project completion percentage is closely related to:
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During which stage of team development do team members typically begin establishing norms and cohesiveness, reconciling behaviors, and developing trust?
During which stage of team development do team members typically begin establishing norms and cohesiveness, reconciling behaviors, and developing trust?
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In the Tuckman ladder model, what characterizes the 'Storming' phase of project development?
In the Tuckman ladder model, what characterizes the 'Storming' phase of project development?
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Which of the following methods is most commonly used to acquire workers for a project?
Which of the following methods is most commonly used to acquire workers for a project?
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Which attribute is LEAST likely to be specifically recommended for consideration when selecting new members for a project team?
Which attribute is LEAST likely to be specifically recommended for consideration when selecting new members for a project team?
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Which trait is generally considered not important for contributing effectively within a project team?
Which trait is generally considered not important for contributing effectively within a project team?
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What is the meaning of 'scope creep' in the context of project management?
What is the meaning of 'scope creep' in the context of project management?
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Which situation generally represents one of the most significant crises a project manager can face?
Which situation generally represents one of the most significant crises a project manager can face?
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Which of the following phases is NOT a part of the Tuckman ladder model of team development?
Which of the following phases is NOT a part of the Tuckman ladder model of team development?
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In an Agile framework, who is primarily responsible for directly engaging with customers to thoroughly understand their needs and translate them into actionable requirements?
In an Agile framework, who is primarily responsible for directly engaging with customers to thoroughly understand their needs and translate them into actionable requirements?
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Within an Agile development team, which role is responsible for updating the sprint backlog at the end of each day to reflect completed work and estimate remaining hours for in-process tasks?
Within an Agile development team, which role is responsible for updating the sprint backlog at the end of each day to reflect completed work and estimate remaining hours for in-process tasks?
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Which role within an Agile team possesses deep expertise in the Scrum framework, Agile methodologies, and various agile techniques, guiding the team in adopting best practices?
Which role within an Agile team possesses deep expertise in the Scrum framework, Agile methodologies, and various agile techniques, guiding the team in adopting best practices?
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What is the most significant technical challenge a project manager faces when trying to balance project constraints without compromising performance?
What is the most significant technical challenge a project manager faces when trying to balance project constraints without compromising performance?
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At which stage of the project life cycle do project priorities typically have the most significant impact and require the most careful consideration?
At which stage of the project life cycle do project priorities typically have the most significant impact and require the most careful consideration?
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Which behavior in a project manager is most likely to correlate with unsuccessful project management outcomes, hindering the team's ability to overcome obstacles and make timely decisions?
Which behavior in a project manager is most likely to correlate with unsuccessful project management outcomes, hindering the team's ability to overcome obstacles and make timely decisions?
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According to Dewhurst, what term accurately describes a group of individuals who work independently, without a shared purpose or integrated approach?
According to Dewhurst, what term accurately describes a group of individuals who work independently, without a shared purpose or integrated approach?
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What term is used to describe the practice of delegating tasks or portions of a project to smaller, independent contractors who specialize in specific areas?
What term is used to describe the practice of delegating tasks or portions of a project to smaller, independent contractors who specialize in specific areas?
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Which statement does not reflect a major disadvantage of using the matrix approach?
Which statement does not reflect a major disadvantage of using the matrix approach?
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Which organizational structure should be chosen when a project requires inputs from several functional areas but does not need full-time specialists?
Which organizational structure should be chosen when a project requires inputs from several functional areas but does not need full-time specialists?
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In which organizational structure does the project manager have the highest authority?
In which organizational structure does the project manager have the highest authority?
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Which organizational structure provides the highest resource availability?
Which organizational structure provides the highest resource availability?
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In which structure is the project manager likely to be part-time?
In which structure is the project manager likely to be part-time?
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Where is the project administrative staff typically full-time?
Where is the project administrative staff typically full-time?
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What type of project is characterized by crossing time, space, organizational, and cultural boundaries?
What type of project is characterized by crossing time, space, organizational, and cultural boundaries?
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How many team members should approximately be 'boundary spanners' in a virtual team?
How many team members should approximately be 'boundary spanners' in a virtual team?
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Which approach prioritizes the customer as the top priority followed by the team and then scope?
Which approach prioritizes the customer as the top priority followed by the team and then scope?
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Which approach prioritizes schedule as the top priority followed by scope and then team?
Which approach prioritizes schedule as the top priority followed by scope and then team?
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Which approach includes measures of success such as value, quality, and constraints?
Which approach includes measures of success such as value, quality, and constraints?
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Which approach commonly measures success through cost, schedule, and scope?
Which approach commonly measures success through cost, schedule, and scope?
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What is the process of coordinating the work and timing of different groups in multidisciplinary teams called?
What is the process of coordinating the work and timing of different groups in multidisciplinary teams called?
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Which option describes a plan for allocating resources?
Which option describes a plan for allocating resources?
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If a project budget is over funded, what is a likely outcome?
If a project budget is over funded, what is a likely outcome?
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What effect does underfunding a project budget often have on stakeholders?
What effect does underfunding a project budget often have on stakeholders?
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Which element of principled negotiation emphasizes the importance of using fair standards to determine the quality of an outcome?
Which element of principled negotiation emphasizes the importance of using fair standards to determine the quality of an outcome?
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How does understanding the other party's interests contribute to successful negotiation?
How does understanding the other party's interests contribute to successful negotiation?
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In project management, which aspect is LEAST likely to be the primary source of conflict, according to the authors?
In project management, which aspect is LEAST likely to be the primary source of conflict, according to the authors?
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To prevent conflicts from becoming personal, what is recommended?
To prevent conflicts from becoming personal, what is recommended?
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Which of the following is NOT a core component of principled negotiation?
Which of the following is NOT a core component of principled negotiation?
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Which is not one of the reasons for project-oriented organizations’ rapid growth?
Which is not one of the reasons for project-oriented organizations’ rapid growth?
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During a negotiation, both parties are pushing for opposing solutions but seem unwilling to budge. How can the negotiator best overcome this deadlock, according to the principles discussed?
During a negotiation, both parties are pushing for opposing solutions but seem unwilling to budge. How can the negotiator best overcome this deadlock, according to the principles discussed?
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In what instance is it suitable to mention a conflict to the opposing party?
In what instance is it suitable to mention a conflict to the opposing party?
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Flashcards
The Iron Triangle
The Iron Triangle
A model in project management focusing on the balancing of scope, time, and cost.
Not a project success measure
Not a project success measure
Project time success is not a recognized measure of project success.
Owner of PMBOK Guidebook
Owner of PMBOK Guidebook
The Project Management Institute (PMI) publishes the PMBOK Guidebook.
Trend Not in Project Management
Trend Not in Project Management
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Virtual Project
Virtual Project
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Forces Not Paramount in Management
Forces Not Paramount in Management
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Stretched-S Pattern Cause
Stretched-S Pattern Cause
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Most Effort in Project Phase
Most Effort in Project Phase
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Forming Phase
Forming Phase
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Norming Phase
Norming Phase
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Storming Phase
Storming Phase
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Scope Creep
Scope Creep
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Key Crisis for Project Managers
Key Crisis for Project Managers
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Characteristics of Effective Team Members
Characteristics of Effective Team Members
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Phases of Tuckman Ladder
Phases of Tuckman Ladder
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Hiring New Team Members
Hiring New Team Members
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Separate the people from the problem
Separate the people from the problem
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Focus on interests, not positions
Focus on interests, not positions
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Invent options for mutual gain
Invent options for mutual gain
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Insist on using objective criteria
Insist on using objective criteria
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Substantive problem definition
Substantive problem definition
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Nature of project negotiation
Nature of project negotiation
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Four points of principled negotiation
Four points of principled negotiation
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Growth of project-oriented organizations
Growth of project-oriented organizations
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Matrix Approach Disadvantage
Matrix Approach Disadvantage
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Best Structure for Integration
Best Structure for Integration
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Highest Authority Structure
Highest Authority Structure
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Resource Availability Structure
Resource Availability Structure
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Ownership of Project Budget
Ownership of Project Budget
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Part-time Project Manager Structure
Part-time Project Manager Structure
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Full-time Administrative Staff
Full-time Administrative Staff
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Characteristic of Virtual Projects
Characteristic of Virtual Projects
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Agile project management
Agile project management
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Traditional waterfall approach
Traditional waterfall approach
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Customer priority in project management
Customer priority in project management
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Schedule priority in project management
Schedule priority in project management
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Measures of success: Agile
Measures of success: Agile
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Measures of success: Waterfall
Measures of success: Waterfall
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Integration management
Integration management
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Consequences of project budget overfunding
Consequences of project budget overfunding
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Product Owner
Product Owner
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Responsibilities of Developers
Responsibilities of Developers
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Daily Task Prioritization
Daily Task Prioritization
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Scrum Master Expertise
Scrum Master Expertise
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Project Manager's Challenge
Project Manager's Challenge
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Project Life Cycle Focus
Project Life Cycle Focus
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Name-only Team
Name-only Team
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Subcontracting
Subcontracting
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Study Notes
Project Management Forces
- Three forces combine to require teams for problem-solving: explosion in certified project managers, worldwide acceptance of the Project Management Institute (PMI), and interaction of supply and demand.
- The evolution of worldwide competitive markets for goods and services is not one of the forces identified.
- The overwhelming majority of projects are small.
Project Examples
- A house is not an example of a project and would usually not be considered a project.
- Assembly line manufacturing of automobiles is an example of not usual project.
- Developing computer software and hosting a wedding reception are considered projects.
Project Management Objectives
- Scope, cost, and time are the prime objectives of project management.
- Quality, scope, schedule and customer satisfaction are not the prime objectives.
- Customer satisfaction and budget are not the prime objectives.
Project Dimensions
- Four dimensions of project success are: Project efficiency, business impact on the organization, opening new opportunities for the future and cost to the customer.
- Number of people working on the project is not one of the four dimensions of project success.
- Outcome of a project could change over time but is not a characteristic of all projects.
- All projects have a finite duration.
Non-Project Examples
- The delivery of mail and production of weekly employment reports are not considered projects.
Key Players in Project Management
- The military has played a significant role in the development of project management techniques.
- European navigators, trader community, and brokerage firms are not identified as key players in project development.
Shenhar's Dimensions of Success
- Shenhar defines four dimensions of project success : the iron triangle, impact on the customer, opening new opportunities for the future and the impact on the budget.
Recent Research on Project Management
- Recent research suggests three important measures for managing projects: the iron triangle, project ownership success, and project investment success.
- Project time success is not one of the measures.
Project Management Organization
- The Project Management Institute (PMI) is the organization responsible for maintaining and publishing the PMBOK Guidebook.
Project Types
- A virtual project involves global teams working across different physical locations and time zones.
Project Characteristics
- The "stretched-S" pattern during the project lifecycle is primarily due to changing levels of resources used in successive stages.
Project Effort
- The majority of effort in a project occurs during the planning, scheduling, monitoring, and control phases.
Earned Value
- Earned value is closely correlated with the cost or use of resources.
Agile Approaches
- Agile approaches to projects are generally characterized by dividing the projects into iterations and relying on lean management principles for emphasis on simplicity.
Scrum Roles
- Product owner, developers, and Scrum master are three specific team roles associated with scrum frameworks.
- Scrum lord is not a specific scrum role.
Goal Setting Theory
- Goal setting theory identifies three characteristics of effective goals: specificity, attainability and comprehensive reflection of stakeholder views.
- Requiring "stretching" to meet stakeholder goals is not one of the identified characteristics.
Project Success Measures
- Generic measures of any project's success include outputs meeting the iron triangle specifications, successful completion of business case objectives and successful investments.
- Project was fully funded is not a generic measure for success.
Project Termination
- Project termination may occur when a project exceeds its budget or falls behind schedule or when the project manager is terminated.
- Termination also occurs when the boss feels the project has failed.
Project Selection Criteria
- Criteria for project selection that focuses on how new products fit an existing product line is production line extension.
Project Selection Criteria
- A project selection criteria that focuses on environmental and social issues is sustainability.
Project Evaluation
- Payback period is a numeric model.
- Sacred cow is not a numeric model.
Project Costing Model
- A project with a $12,000 implementation cost and $3,000 annual cash flow has a four-year payback period.
Project Interest Rate
- The minimum acceptable rate of return set by an organization for a project is called a hurdle rate.
Real Options Approach
- The premise of the real options approach is that delaying an investment may lead to potentially greater returns.
Discounted Cash Flow Approach
- The discounted cash flow approach is simple, understands available data, allows for adjustment of project risk, but may have inaccurate data.
Project Selection Models
- A project profitability model, like a discounted cash flow, might not account for risk factors, time value of money, or non-monetary factors and is strongly biased toward short term solutions.
- Project selection models should account for project realism.
Project Success Factors
- Characteristics of highly successful strategic projects include exceptional value for stakeholders, a powerful vision, and qualified project managers unconditionally supported by top management.
- Creating a satisfied project culture is not listed as a characteristic of highly successful strategic projects.
Project Team Development
- The Tuckman ladder describes four stages of team development: Forming, Storming, Norming, and Performing.
- The stages describe how teams go from initial independent work in the forming stage to working together as a cohesive unit for the project's completion in the performing stage.
Project Team Members
- Teams might be comprised of temporary agencies or borrowed/transferred functional departments.
Project Management Characteristics
- Effective project managers possess strong technical skills, handle political sensitivity, and have high self-esteem.
Project Scope Creep
- Scope creep involves changes in the project's scope or requirements after project initiation and is a source of frequent projects crises.
Project Planning Approach
- One planning approach for handling complex projects is to communicate effectively with stakeholders.
- Project leadership includes gaining knowledge of the client to complete the task.
Core Project Management Duties
- Project managers are heavily involved in communicating, overseeing, and motivating staff.
Project Manager Skills
- Essential skills for project managers include negotiation, resolving conflicts, and taking care of budgetary and scheduling issues among varied organizational areas.
Project Management Roles
- A critical project role is to maintain a broad network of communication.
Stakeholder Management
- Identifying stakeholders, creating a stakeholder register that includes project stage interest, and effectively communicating with stakeholders is part of establishing a well-managed project.
Project Methodology
- Expert judgement of project teams, user surveys, and corporate guidelines are common methods for identifying stakeholders.
Standard Project Management Procedures
- Project managers need to develop a project plan, establish a cost baseline, communicate project results, and organize project teams by a clear plan and hierarchical structure.
- Project teams need members from various disciplinary backgrounds, and communication among their members needs to be supported.
Project Lifecycle
- Thamhain suggests project conflict intensity is highest in the early phases of the project concerning priorities or cost versus time. Toward the end of the project lifecycle, conflict increases with scheduling issues.
Project Budgeting and Costing
- In budgeting, the project manager is expected to predict costs, forecast resources, and ensure accuracy.
- A variety of project budgeting strategies are used.
Project Risk Management
- Project managers need to know about all types of risks (preventable and unpreventable).
Project Planning Processes
- Four steps in risk management planning involve determining risks and analyzing responses.
Project Management Tools
- Techniques in quantitative risk analysis include decision tree analysis, Monte Carlo simulation.
Project Management Processes
- Risk identification, response planning, monitoring, and control are critical steps in project risk management.
Project Outcomes
- A Risk Management Register is used to keep track of risks.
Methods for Project Coordination
- Project managers coordinate work and timing of diverse, interdisciplinary teams using methods such as integration management.
Project Budget
- Project budgets are an integral part of project management, setting the limits on the resources used.
Project Management Estimators
- Professional project cost estimators work closely with clients to maintain budget accuracy.
Project Scope
- A project's scope describes the precise work to be completed.
- Scope creep involves ongoing changes to project objectives.
Project Launch Meetings
- Project launch meetings play a key role in aligning stakeholders and clarifying expectations.
Agile Project Management
- Agile principles value customer satisfaction and feedback with continuous delivery of results.
- Agile projects utilize efficient methods of communication and short-term iterations.
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Description
This quiz evaluates key concepts and trends in project management, including metrics for objectives, team development, and the complexities of global projects. Test your understanding of the vital aspects that shape contemporary project management practices.
