2
Intro to Project Management Final Exam Review questions
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with accurate detailed answers
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A project is a lasting endeavor undertaken to maintain a reliable product or service.
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True/False? - ✔✔False || ||
Which of the following examples is NOT a typical or appropriate situation to employ project
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management?
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a. conducting a routine, standard customer service operation
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b. installing a new computer system
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c. improving an existing work process
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d. developing a new product - ✔✔a. conducting a routine, standard customer service
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operation
Projects often require trade-offs among all of the following EXCEPT:
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a. cost
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b. programs
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c. scope
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d. schedule - ✔✔b. programs
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Which of the following statements correctly describes project management?
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a. Project management's goal is to maintain efficiency of ongoing operations.
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,2
b. Project management only relies upon checklists to plan and execute the work.
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c. Project management should not involve trade-offs between scope, schedule and cost.
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d. Project management applies knowledge, skills, tools and techniques to project activities. -
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✔✔d. Project management applies knowledge, skills, tools and techniques to project
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activities.
A portfolio is a collection of projects, programs, subportfolios, and operations managed as a
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group to achieve strategic business objectives.
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True/False? - ✔✔True || ||
Portfolios deal with all of an organization's projects, while programs deal with:
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a. ongoing operations
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b. resource availability
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c. a specific group of related projects
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d. trade-offs between schedule, scope and quality - ✔✔c. a specific group of related projects
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Which of the following documents serves as an informal contract between the project team
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and the project sponsor?
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a. project charter
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b. project roadmap
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c. business case
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d. team members' employment contracts - ✔✔a. project charter
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The project charter serves all of the following purposes EXCEPT:
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, 2
a. quickly screens out obviously poor projects
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b. describes skill sets needed for the project
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c. develops a common understanding between the sponsor and the project team
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d. authorizes the project manager to proceed - ✔✔b. describes skill sets needed for the
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project
A deliverable is any unique and verifiable product, result or capability to perform a service
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that is required to be produced to complete a process, phase, or project.
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True/False? - ✔✔True || ||
The Bible includes examples of projects.
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True/False? - ✔✔True || ||
All of the following elements should be included in a project scope statement EXCEPT:
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a. key deliverables with acceptance criteria
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b. project boundaries or exclusions
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c. names of the project team members
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d. assumptions and constraints that may limit or influence project work - ✔✔c. names of
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the project team members
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Which of the following items best describes a project Work Breakdown Structure (WBS)?
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a. an organizational chart depicting who will perform project work
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Intro to Project Management Final Exam Review questions
|| || || || || || || ||
with accurate detailed answers
|| || ||
A project is a lasting endeavor undertaken to maintain a reliable product or service.
|| || || || || || || || || || || || ||
True/False? - ✔✔False || ||
Which of the following examples is NOT a typical or appropriate situation to employ project
|| || || || || || || || || || || || || ||
management?
||
a. conducting a routine, standard customer service operation
|| || || || || || || ||
b. installing a new computer system
|| || || || ||
c. improving an existing work process
|| || || || ||
d. developing a new product - ✔✔a. conducting a routine, standard customer service
|| || || || || || || || || || || || ||
operation
Projects often require trade-offs among all of the following EXCEPT:
|| || || || || || || || ||
a. cost
||
b. programs
||
c. scope
||
d. schedule - ✔✔b. programs
|| || || ||
Which of the following statements correctly describes project management?
|| || || || || || || ||
a. Project management's goal is to maintain efficiency of ongoing operations.
|| || || || || || || || || ||
,2
b. Project management only relies upon checklists to plan and execute the work.
|| || || || || || || || || || || ||
c. Project management should not involve trade-offs between scope, schedule and cost.
|| || || || || || || || || || ||
d. Project management applies knowledge, skills, tools and techniques to project activities. -
|| || || || || || || || || || || ||
✔✔d. Project management applies knowledge, skills, tools and techniques to project
|| || || || || || || || || || || ||
activities.
A portfolio is a collection of projects, programs, subportfolios, and operations managed as a
|| || || || || || || || || || || || || ||
group to achieve strategic business objectives.
|| || || || ||
True/False? - ✔✔True || ||
Portfolios deal with all of an organization's projects, while programs deal with:
|| || || || || || || || || || ||
a. ongoing operations
|| ||
b. resource availability
|| ||
c. a specific group of related projects
|| || || || || ||
d. trade-offs between schedule, scope and quality - ✔✔c. a specific group of related projects
|| || || || || || || || || || || || || ||
Which of the following documents serves as an informal contract between the project team
|| || || || || || || || || || || || || ||
and the project sponsor?
|| || ||
a. project charter
|| ||
b. project roadmap
|| ||
c. business case
|| ||
d. team members' employment contracts - ✔✔a. project charter
|| || || || || || || ||
The project charter serves all of the following purposes EXCEPT:
|| || || || || || || || ||
, 2
a. quickly screens out obviously poor projects
|| || || || || ||
b. describes skill sets needed for the project
|| || || || || || ||
c. develops a common understanding between the sponsor and the project team
|| || || || || || || || || || ||
d. authorizes the project manager to proceed - ✔✔b. describes skill sets needed for the
|| || || || || || || || || || || || || || ||
project
A deliverable is any unique and verifiable product, result or capability to perform a service
|| || || || || || || || || || || || || || ||
that is required to be produced to complete a process, phase, or project.
|| || || || || || || || || || || ||
True/False? - ✔✔True || ||
The Bible includes examples of projects.
|| || || || ||
True/False? - ✔✔True || ||
All of the following elements should be included in a project scope statement EXCEPT:
|| || || || || || || || || || || || ||
a. key deliverables with acceptance criteria
|| || || || ||
b. project boundaries or exclusions
|| || || ||
c. names of the project team members
|| || || || || ||
d. assumptions and constraints that may limit or influence project work - ✔✔c. names of
|| || || || || || || || || || || || || || ||
the project team members
|| || ||
Which of the following items best describes a project Work Breakdown Structure (WBS)?
|| || || || || || || || || || || ||
a. an organizational chart depicting who will perform project work
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