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TEPM 6301 Ch. 1 Exam 2022/2023 with complete solution

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A professional organization for project managers is the Project Management Institute (PMI) For companies of moderate-to-large size, it is not unusual to have hundreds of small projects ongoing currently. The advent of many small projects has created the need for an organization that can support _________ management. multi-project 00:23 01:38 Which of the following choices is a professional organization for project managers? A) PMBOK B) AMA C) MIS D) PMI E) IPM D) PMI One of the defining characteristics of a project is that it has a singular purpose, i.e., an established ______. A) goal B) purpose C) objective D) mission E) vision objective A series of coordinated, related, multiple projects that continue over extended time period and are intended to achieve a goal is known as a A) Strategy B) Program C) Campaign D) Crusade E) Venture B) Program Project management is not limited to the _____ sector. private Which of the following is NOT a reason why project management has become a standard way of doing business? A) Organization are executing more and more projects B) Projects need to be done faster C) Organization are doing more project work in-house instead of outsourcing D) Increased need for skilled management of stakeholders outside of organization E) Increased project complexity and innovation C) Organization are doing more project work in-house instead of outsourcing Which of the following activities is the best example of a project? A) Writing a policy manual B) Overseeing customer requests C) Monitoring product quality D) Producing automobiles E) Processing insurance claims A) Writing a policy manual The first chapter introduced some of the most rudimentary aspects of the discipline, including definitions. A temporary endeavor undertaken to create a unique product, service, or result, is a(n) _____? project As the number of small projects increase within an organization's portfolio, what is a challenge an organization faces? A) All of these are challenges B) Measuring efficiency C) Sharing resources D) Prioritizing projects E) Managing risk A) All of these are challenges A project life cycle _______. can vary based on industry Life cycles are used to characterize how things change over time. The ________ typically passes sequentially through four phases. project life cycle

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TEPM 6301 Ch. 1
A professional organization for project managers is the - Answer Project Management
Institute (PMI)

For companies of moderate-to-large size, it is not unusual to have hundreds of small
projects ongoing currently. The advent of many small projects has created the need for
an organization that can support _________ management. - Answer multi-project

Which of the following choices is a professional organization for project managers?

A) PMBOK
B) AMA
C) MIS
D) PMI
E) IPM - Answer D) PMI

One of the defining characteristics of a project is that it has a singular purpose, i.e., an
established ______.
A) goal
B) purpose
C) objective
D) mission
E) vision - Answer objective

A series of coordinated, related, multiple projects that continue over extended time
period and are intended to achieve a goal is known as a
A) Strategy
B) Program
C) Campaign
D) Crusade
E) Venture - Answer B) Program

Project management is not limited to the _____ sector. - Answer private

Which of the following is NOT a reason why project management has become a
standard way of doing business?
A) Organization are executing more and more projects
B) Projects need to be done faster
C) Organization are doing more project work in-house instead of outsourcing
D) Increased need for skilled management of stakeholders outside of organization
E) Increased project complexity and innovation - Answer C) Organization are doing
more project work in-house instead of outsourcing

Which of the following activities is the best example of a project?
A) Writing a policy manual
B) Overseeing customer requests
C) Monitoring product quality

, TEPM 6301 Ch. 1
D) Producing automobiles
E) Processing insurance claims - Answer A) Writing a policy manual

The first chapter introduced some of the most rudimentary aspects of the discipline,
including definitions. A temporary endeavor undertaken to create a unique product,
service, or result, is a(n) _____? - Answer project

As the number of small projects increase within an organization's portfolio, what is a
challenge an organization faces?
A) All of these are challenges
B) Measuring efficiency
C) Sharing resources
D) Prioritizing projects
E) Managing risk - Answer A) All of these are challenges

A project life cycle _______. - Answer can vary based on industry

Life cycles are used to characterize how things change over time. The ________
typically passes sequentially through four phases. - Answer project life cycle

Which of the following represents the correct order of stages within the project life
cycle?
A) Defining, Planning, Executing, Closing
B) Planning, Defining, Closing, Executing
C) Planning, Defining, Executing, Closing
D) Closing, Planning, Defining, Executing
E) Executing, Defining, Planning, Closing - Answer A) Defining, Planning, Executing,
Closing [DPEC]

Training the customer, releasing staff and resources occurs in the _______ stage of
project life cycle. - Answer closing

The product life cycle must be understood as totally different from the project life cycle.
In today's high-tech industries the product life cycle is averaging _______ to ______. -
Answer 6 months; 3 years

Projects with high predictability are said to have ______.
A) iterative and incremental delivery
B) unknown or unstable scope
C) unknown or unstable requirements
D) the best circumstances for use of agile project management
E) the best circumstances for use of traditional project management - Answer E) the
best circumstances for use of traditional project management

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