34 Questions
What is the role of a project sponsor in a project?
Provides direction and funding
What percentage of organizations understand the value of project management according to the text?
58%
What does the PMBOK® Guide define as a project?
A temporary endeavor
What are the key attributes of a project as mentioned in the text?
Is temporary, involves progressive elaboration, and has a primary customer or sponsor
What constitutes successful project management according to the text?
Meeting all three goals (scope, time, and cost)
Which country in the GCC has the highest average salary for an IT Project Manager according to the text?
UAE
What percentage of IT projects were successful in meeting scope, time, and cost goals according to the Standish Group study in 1995?
16.2%
How much of the world's gross product is spent on projects of all kinds?
$10 trillion
According to Gartner, Inc., what was the worldwide IT spending projection for 2018?
$3.7 trillion
What percentage of organizations had suffered at least one project failure in the prior 12 months according to KPMG's research in 2019?
50%
How much did 52.7% of IT projects cost compared to their original estimates according to the Standish Group study?
129%
What is the significant figure regarding people who regard project management as their profession?
16 million
Which of the following skills is most important for managing large projects according to the text?
Verbal communication
What skills are crucial for managing high uncertainty projects based on the text?
Leadership and people skills
What is a key characteristic of very novel projects?
Listening skills
What is the focus of the Project Management Institute (PMI) as mentioned in the text?
Attracting and retaining project managers
Which of the following is NOT mentioned as a specific interest group within the Project Management Institute according to the text?
Education
What was the reported worldwide membership of the Project Management Institute by August 31, 2008?
277,221 members
What is the main requirement to become a Project Management Professional (PMP) according to the text?
Having sufficient project experience, following a code of ethics, and passing the PMP exam
What is the main purpose of joining PMI for students as mentioned in the text?
Reduced fee for PMP certification
What is the key aspect related to ethics that Project Management Professionals need to adhere to?
Adhering to PMI's Code of Ethics and Professional Conduct
Which category of project management tools handles multiple projects and users and typically costs $200-600 per user?
Midrange tools
What is the main focus of project portfolio management according to the text?
Organizing and managing projects and programs as a portfolio of investments
What is a project, as defined in the text?
A temporary endeavor undertaken to create a unique product, service, or result
What are the three key goals of successful project management?
Scope, time, and cost
Who are the stakeholders in a project?
A wide range of people involved or affected by project activities
What is a program in project management?
A group of related projects managed together for benefits and control
Which knowledge area in project management affects and is affected by all other knowledge areas?
Project integration management
What do project managers strive to balance in order to meet the triple constraint?
Project scope, time, and cost goals
Which of the following is NOT considered a key competency that project managers must develop?
Technology management
'Super tools' in project management refer to tools that:
Have high use and high potential for improving project success
'Project success' can be defined by all of the following EXCEPT:
Exceeding quality standards
'Project Stakeholders' include which of the following groups?
'Support staff', 'Customers', 'Users', 'Suppliers', and 'Opponents to the project'
'Project Priority Matrix' emphasizes which three elements in successful project management?
Scope, Time, and Cost
Learn about the key aspects of project management, focusing on scope, time, cost, and project sponsors. Understand the importance of meeting project goals while managing constraints effectively.
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