Test Bank for Project Management in Practice 7th Edition by Jack R. Meredith & Scott M. Shafer – Complete Questions & Answers Study Guide

Test Bank For:
b b




Project Management In Practice 7th Edition Meredith
b b b b b b




Shafer Complete Guide Project Management Exam
b b b b b b




Prep PDF b b




Copyright ©2017 John Wiley & Sons, Inc.
b b b b b b

,Chapter 1: The World of Project Management
b b b b b b




True/False
1. A primary purpose of forming projects is to assign the responsibility for
b b b b b b b b b b b




accomplishing some organizational task to a specific person or small group.
b b b b b b b b b b b




Answer: True b




Response: See section 1.1 Level: b b b b




easy



2. One of the few similarities between project management and general
b b b b b b b b b




management isthat both exist inthe well-defined organizational structure of
b b b b b b b b b b b




superior/subordinates in the overall organization.
b b b b b




Answer: False b




Response: See section 1.2 Level: b b b b




medium



3. Many recent developments in project management are being driven by changes in the
b b b b b b b b b b b b




natureofthe American workforce.
b b b b b




Answer: False b




Response: See section 1.1 Level: b b b b




medium



4. There has been a growing use of projects to achieve an organization’s strategic
b b b b b b b b b b b b




goals
b




Answer: True b




Response: See section 1.1 Level: medium b b b b b




IF YOU WANT THIS DOCUMENT EMAIL ME AT,
b b b b b b b






TO GET THE FULL DOCUMENT IN PDF FORMAT.
b b b b b b b




Copyright ©2017 John Wiley & Sons, Inc. b b b b b b

, IF YOU WANT THIS DOCUMENT EMAIL ME AT,
b b b b b b b






TO GET THE FULL DOCUMENT IN PDF FORMAT.
b b b b b b b




Copyright ©2017 John Wiley & Sons, Inc.
b b b b b b

, 5. While general managers have their authority limited to specific areas in the overall
b b b b b b b b b b b b




organization, project managers have authority over anyactivityrequired by the
b b b b b b b b b b b




project.
b




Answer: False b




Response: See section 1.2 b b b




Level: medium
b b




6. Projects are always carried out under conditions of uncertainty.
b b b b b b b b




Answer: True b




Response: See section 1.3 b b b




Level: easy
b b




7. One can trade-off time and cost when managing a project, but the project’s
b b b b b b b b b b b b




technical specifications must be maintained exactly as the client initially specifies.
b b b b b b b b b b




Answer: False b




Response: See section 1.3 b b b




Level: medium
b b




8. Nonnumeric project selection methods are only suitable if numeric methods are not
b b b b b b b b b b b




available.
b




Answer: False b




Response: See section 1.5 b b b




Level: medium
b b




9. When using financial methods for selecting projects, the payback period is the
b b b b b b b b b b b




simplest and best method to use.
b b b b b b




Answer: False b




Response: See section 1.5 b b b




Level: medium
b b




10 Rank-ordering a large number of projects can be done with a Q-sort.
b b b b b b b b b b b




Copyright ©2017 John Wiley & Sons, Inc.
b b b b b b