Project Management Fundamentals
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Questions and Answers

What is the main goal of project managers?

  • Maximizing project scope
  • Reducing project requirements
  • Balancing project scope, time, and cost goals (correct)
  • Minimizing project time

Who are considered stakeholders in a project?

  • Support staff and suppliers only
  • Only the project manager
  • Only the project sponsor
  • The project sponsor, project team, customers, and opponents (correct)

Which of the following is NOT a core knowledge area for project managers?

  • Risk management
  • Communication management
  • Procurement management (correct)
  • Scope management

How many facilitating knowledge areas are mentioned in the text?

<p>4 (C)</p> Signup and view all the answers

Which knowledge area affects and is affected by all other knowledge areas?

<p>Project integration management (B)</p> Signup and view all the answers

In project management, what does PMBOK stand for?

<p>Project Management Body of Knowledge (A)</p> Signup and view all the answers

What is the main focus of project management?

<p>Creating a temporary endeavor (C)</p> Signup and view all the answers

Which activity is part of the closing phase of a project?

<p>Redeploying project resources (D)</p> Signup and view all the answers

What distinguishes a program from a project?

<p>Managing related projects simultaneously (C)</p> Signup and view all the answers

What is the primary role of project managers?

<p>Helping projects and organizations succeed (A)</p> Signup and view all the answers

Which phase involves releasing project equipment/materials to other projects?

<p>Redeployment of project resources (C)</p> Signup and view all the answers

What does project portfolio management involve?

<p>Organizing and managing as a portfolio of investments (B)</p> Signup and view all the answers

What is the primary focus of portfolio management?

<p>Balancing multiple projects to achieve long-term goals (A)</p> Signup and view all the answers

Which of the following skills is NOT emphasized for project managers according to the text?

<p>Technical expertise (C)</p> Signup and view all the answers

What is one of the key qualities that project managers should possess?

<p>Integrity and ethical behavior (B)</p> Signup and view all the answers

Which skill is essential for leading teams to achieve project goals?

<p>Verbal communication (B)</p> Signup and view all the answers

What is NOT mentioned as a skill required for project managers in the text?

<p>Technical proficiency (B)</p> Signup and view all the answers

In project management, what is the focus of understanding organizations they work in and with?

<p>Aligning project goals with long-term company strategy (D)</p> Signup and view all the answers

What is the first step in defining a project?

<p>Defining the project scope (D)</p> Signup and view all the answers

Which step involves creating the work breakdown structure in project management?

<p>Defining the project scope (A)</p> Signup and view all the answers

What is the purpose of Step 2 in defining a project?

<p>Establishing project priorities (C)</p> Signup and view all the answers

During which step is the WBS coded for the information system?

<p>Creating the work breakdown structure (A)</p> Signup and view all the answers

What occurs during a major portion of project work according to the text?

<p>Time, cost, and specification measures are used for control (B)</p> Signup and view all the answers

What does Step 5 in defining a project involve?

<p>Developing the project communication plan (D)</p> Signup and view all the answers

Which of the following skills were identified as most important for large projects?

<p>Leadership, relevant prior experience, planning, people skills (A)</p> Signup and view all the answers

Which of the following skills were highlighted as crucial for high uncertainty projects?

<p>Risk management, expectation management, leadership, people skills (D)</p> Signup and view all the answers

What are the key skills identified for very novel projects?

<p>Leadership, people skills, having vision and goals, self-confidence (C)</p> Signup and view all the answers

What is the primary role of a leader, according to the text?

<p>To provide inspiration and guidance towards long-term goals (B)</p> Signup and view all the answers

What is the role of a manager, as described in the text?

<p>To deal with the day-to-day details of meeting specific goals (D)</p> Signup and view all the answers

What does the text say about the Project Management Professional (PMP) certification?

<p>It requires documented project experience, adherence to a code of ethics, and passing an exam (C)</p> Signup and view all the answers

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