The Triple Constraint of Project Management Quiz

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29 Questions

The average salary of an IT Project Manager in UAE is AED 260,002.

True

According to the PMBOK® Guide, a project is defined as 'a permanent endeavor undertaken to create a unique product, service, or result.'

False

All projects involve uncertainty.

True

The Triple Constraint of Project Management includes scope, time, and cost.

True

An IT Project Manager earns SAR 216,216 per year in Kuwait.

False

The project sponsor is responsible for providing resources for the project.

False

Historically, more than 50% of IT projects were successful in meeting scope, time, and cost goals.

False

31% of IT projects will be completed before they are cancelled.

False

Worldwide IT spending is projected to total $3.7 trillion in 2018.

False

According to KPMG, 30% of organizations have suffered at least one project failure in the prior 12 months.

False

50% of respondents indicated that their project achieved its goals according to KPMG's research.

False

More than 16 million people worldwide consider project management as their profession.

True

Project managers aim to meet the triple constraint by balancing project scope, time, and cost goals

True

The Project Management Institute (PMI) was founded in 1969.

True

Program managers mainly act as bosses for project managers in a coordinated way to obtain benefits from managing projects individually

False

Verbal communication is not important for large projects.

False

Stakeholders in a project include only the project sponsor and project manager

False

Ethical behavior and consistency are not considered important skills for different project situations.

False

Project management tools and techniques help project managers in various aspects of project management, such as scope, time, and quality

True

Leadership is crucial for projects with high uncertainty.

True

The main objective of a project could be to provide a good return on investment or simply make the sponsors happy

True

Listening skills are not important for very novel projects.

False

People skills are not relevant for building trust.

False

Project management certification programs are no longer in demand.

False

A PMP is required to have project experience, follow a code of ethics, and pass the PMP exam.

True

The number of people earning PMP certification is declining.

False

Applicants for PMP certification are not required to agree to PMI's Code of Ethics and Professional Conduct.

False

Low-end tools for project management typically cost over $200 per user.

False

Project portfolio management involves managing projects independently of each other.

False

Test your knowledge on the triple constraint of project management, focusing on scope, time, cost, and project priorities. Understand how successful project management involves meeting all three goals and satisfying the project sponsor. Explore concepts like changing constraints, accepting, enhancing, and discussing the project priority matrix.

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