Textbook Quizzes.pdf

Chapter 1 Note that you can find additional, interactive quizzes at http:/ /intropm.com. Which of the following statements is true? A. Demand for projects and project managers continues to decrease. B. Agile organizations do not respond better to change. C. You must have work experience t...

Chapter 1 Note that you can find additional, interactive quizzes at http:/ /intropm.com. Which of the following statements is true? A. Demand for projects and project managers continues to decrease. B. Agile organizations do not respond better to change. C. You must have work experience to earn the CAPM® credential. D. According to PMl's salary survey (2020), professionals with a PMP® credential earned 22% more than those without it. Correct Answer - D A predictive approach to project management is also called A. adaptive B. waterfall C. iterative D. Scrum Correct Answer - B A _________ is a temporary endeavour undertaken to create a unique product, service, or result. A. program B. process C. project D. portfolio Correct Answer - C Which of the following is not an attribute of a project? A. projects are unique B. projects are developed using progressive elaboration C. projects have a primary customer or sponsor D. projects involve no uncertainty Correct Answer - D Which of the following is not part of the triple constraint of project management? A. meeting scope goals B. meeting schedule goals C. meeting communication goals D. meeting cost goals Correct Answer - C ________ is the application of knowledge, skills, tools, and techniques to project activities to meet project requirements. A. Project management B. Program management C. Project portfolio management D. Project performance domain Correct Answer - A Which of the following is not a project performance domain according to the PMBOK Guide- Seventh Edition? A. Development approach and lifecycle B. Planning C. Delivery D. Leadership Correct Answer - D Project portfolio management addresses ________ goals of an organization, while project management addresses________goals. A. strategic, tactical B. tactical, strategic C. internal, external D. external, internal Correct Answer - A Which of the following statements is true concerning agile project management? A. You should use a tool like Jira and not Microsoft Project on agile projects. B. All projects should be run using an agile framework such as scrum. C. You cannot use both agile and predictive project management tools on the same project. D. You should first understand and use an agile mindset before trying to implement agile project management. Correct Answer - D Which of the following statements is false concerning the project management profession? a. Project managers, program managers, and portfolio managers require the same skillset. b. The number of people earning the Project Management Professional (PMP®) has increased in recent years, and several other organizations, including Google, provide their own certifications in project management. c. People in virtually every industry around the globe can benefit from good project management. d. Many of the software tools used for managing agile projects can be used for predictive and hybrid projects. Correct Answer - A Chapter 2 Which of the following is not part of a SWOT analysis? A. strengths B. weaknesses C. opportunities D. tactics Correct Answer - D A large company continues to be successful by providing new products and services for its market niche of brides. What is its main competitive strategy? A. cost leadership B. quality C. focus D. customer service Correct Answer - C The last step in the four-stage planning process for projects is… A. resource allocation B. project planning C. business area analysis D. strategic planning Correct Answer - A Which of the following statements is false concerning agile project planning? A. A roadmap sets a tactical plan and goals for completing a major undertaking, such as building and releasing a product B. An agile mindset is part of agile project planning. C. It allows the team's freedom to pivot more frequently. D. Product managers focus on the why while program and project managers focus on the how and when. Correct Answer - A Which of the following statements is false concerning the financial analysis of projects? A. The higher the net present value the better. B. A shorter payback period is better than a longer one. C. The required rate of return is the discount rate that results in an NPV of zero for the project. D. ROI is the result of subtracting the project costs from the benefits and then dividing by the costs. Correct Answer - C A _______ is a methodology that converts an organization's value drivers- such as customer service, innovation, operational efficiency, and financial performance- into a series of defined metrics. A. balanced scorecard B. weighted scoring model C. net present value analysis D. directive Correct Answer - A Which of the following is not a major benefit of grouping projects into programs? A. Increasing revenues B. Increasing authority C. Saving money D. Saving time Correct Answer - A A college approved a project to provide discounts for faculty, students, and staff to use the cities new light rail system. Under what existing program might this project naturally fit? A. Academic enrichment program B. Fundraising program C. Entertainment program D. Transportation program Correct Answer - D Many organizations find duplicate or unneeded projects after they perform which step and project portfolio management? A. Prioritizing the projects on their list B. Dividing the projects into several categories based on the type of investment C. Putting all projects in one list D. Applying modern portfolios theory, including risk return tools that map project risk Correct Answer - C Instead of creating a set of structured projects with short-lived teams to execute them, _________ project portfolio management defines desired outcomes for an organization, focuses on value, and revisits past decisions every quarter. A. Lean B. Agile C. Strategic D. Organizational Correct Answer - A