TEST BANK for IDS 312 Business Project Management-Answer Key- Complete Guide For Exam Preparation - RATED A

Chapter 01 Modern Project Management Answer Key Multiple Choice Questions 1. The advent of project management has been most profound in A. Automobile manufacturing B. Construction C. Informat ion technology D. The U.S. Department of Defense E. Film making The impact of project management is most profound in the area of electronics industry, where the new folk heroes are young professionals whose Herculean efforts lead to the constant flow of new hardware and software products. AACSB: Reflective Thinking Bloom's: Comprehension Learning Objective: What is a Project? Level: Easy 2. A professional organization for project management specialists is the A. PMI B. AMA C. MIS D. IPM E. PMBOK The Project Management Institute (PMI), is a professional organization for project managers. AACSB: Reflective Thinking Bloom's: Comprehension Learning Objective: What is a Project? Level: Easy Chapter 01 - Modern Project Management 1-19 3. Which of the following is not considered to be a characteristic of a project? A. An established objective B. A clear beginning and end C. Complex tasks D. Only for internal use E. Never been done before See List on Page 5. AACSB: Reflective Thinking Bloom's: Application Learning Objective: What is a Project? Level: Medium 4. Which of the following activities is not considered a project? A. Developing a new software program B. Designing a space station C. Preparing the site for the Olympic Games D. Production of automobile tires E. Developing a new advertising program A project is not routine, repetitive work! Ordinary daily work typically requires doing the same or similar work over and over, while a project is done only once; a new product or service exists when the project is completed. AACSB: Analytic Bloom's: Evaluation Learning Objective: What is a Project? Level: Medium Chapter 01 - Modern Project Management 1-20 5. From among the following activities, which is the best example of a project? A. Processing insurance claims B. Producing automobiles C. Writing a term paper D. Completing a college degree E. All of these are good examples of projects See table 1.1 on Page 6. AACSB: Analytic Bloom's: Analysis Learning Objective: What is a Project? Level: Medium 6. Which of the following constraints is not typically found in managing projects? A. Time B. People C. Cost D. Performance E. Both B and D are not typical constraints Specific time, cost, and performance requirements bind projects. AACSB: Analytic Bloom's: Comprehension Learning Objective: What is a Project? Level: Medium 7. Which of the following choices is not one of the stages of a project life cycle? A. Conceptualizing B. Defining C. Planning D. Executing E. Delivering See List on Page 7. AACSB: Analytic Bloom's: Knowledge Learning Objective: What is a Project? Level: Medium Chapter 01 - Modern Project Management 1-21 8. In which of the following stages are project objectives established, teams formed, and major responsibilities assigned? A. Conceptualizing B. Defining C. Planning D. Executing E. Delivering Specifications of the project are defined; project objectives are established; teams are formed; major responsibilities are assigned. AACSB: Analytic Bloom's: Comprehension Learning Objective: What is a Project? Level: Medium 9. In which of the following stages is a major portion of the physical and mental project work performed? A. Conceptualizing B. Defining C. Planning D. Executing E. Delivering A major portion of the project work takes place—both physical and mental. AACSB: Analytic Bloom's: Application Learning Objective: What is a Project? Level: Medium Chapter 01 - Modern Project Management 1-22 10. In which of the following stages are you more likely to find status reports, many changes, and the creation of forecasts? A. Conceptualizing B. Defining C. Planning D. Executing E. Delivering Time, cost, and specification measures are used for control. AACSB: Analytic Bloom's: Application Learning Objective: What is a Project? Level: Medium 11. Which of the following characteristics is not typical of a project manager? A. Managing a temporary activity B. Possesses in-depth technical knowledge C. Managing a non-repetitive activity D. Manages independently of the formal organization E. Provides a direct link to the customer Increased competition has placed a premium on customer satisfaction. Customers no longer simply settle for generic products and services. AACSB: Analytic Bloom's: Analysis Learning Objective: The Importance of Project Management Level: Difficult Chapter 01 - Modern Project Management 1-23 12. Which of the following choices is not one of the driving forces behind the increasing demand for project management? A. Compression of the product life cycle B. Knowledge explosion C. Development of third world and closed economies D. More emphasis on the product and less on the customer E. Corporate downsizing Increased customer attention has prompted the development of customized products and services. AACSB: Reflective Thinking Bloom's: Application Learning Objective: The Importance of Project Management Level: Medium 13. Which of the following statements is true? A. Project management is becoming a standard way of doing business B. Project management is increasingly contributing to achieving organizational strategies C. Project management is being used at a consistent percentage of a firm's efforts D. Both A and B are true E. A, B, and C are all true Project management is no longer a special-need management. It is rapidly becoming a standard way of doing business. The future promises an increase in the importance and the role of projects in contributing to the strategic direction of organizations. AACSB: Reflective Thinking Bloom's: Comprehension Learning Objective: The Importance of Project Management Level: Difficult Chapter 01 - Modern Project Management 1-24 14. Project management is ideally suited for a business environment requiring all of the following except A. Accountability B. Flexibility C. Innovation D. Speed E. Repeatability Competing in a global market influenced by rapid change, innovation, and time to market means organizations manage more and more projects. AACSB: Analytic Bloom's: Comprehension Learning Objective: Project Management Today - An Integrated Approach Level: Medium 15. Which of the following is the number one characteristic that is looked for in management candidates? A. Overall intelligence B. Works well with others C. Experience D. Past successes E. Good references The phrase "works well with others" has long been a staple on grade school report cards; now, in the IT world, it's the No. 1 criterion for management candidates.(See Research Highlight on page 16)