TEST BANK For Project Management in Practice, 7th Edition by
Jack R. Meredith, Verified Chapters 1 - 8, Complete Newest
Version
In the _____________ stage of the project life cycle project the product is delivered
to the customer and resources are reassigned. - ANSWER: closing
Which structure would be most appropriate for developing a new, highly innovative
product that has strict time constraints? - ANSWER: Dedicated project team
_________ organization is a hybrid form in which a horizontal project management
structure is "overlaid" in the normal functional hierarchy. - ANSWER: Matrix
Regardless of the criteria differences among different types of projects, the most
important criterion for project selection is - ANSWER: The projects fit for
organizational strategy
Which of the following is NOT one of the requirements for successful
implementation of strategies through projects?
A. Allocation of resources
B. Prioritizing of projects
C. Motivation of project contributor
D. Adequate planning and control systems - ANSWER: ALL OF THESE
Which of the following terms is often used to denote a project that a powerful, high-
ranking official is advocating? - ANSWER: Sacred Cow
The assessment of the external and internal environments is called _______ analysis
- ANSWER: SWOT analysis
Which of the following would be classified as an organizational threat? - ANSWER:
Slowing of the economy
Which dimension of project management centers on creating a temporary social
system within a larger organizational environment that combines the talents of a
divergent set of professionals working to complete the project? - ANSWER:
Sociocultural
What are characteristics of effective objectives? - ANSWER: Specifc Measurable
Achievable Realistic Time-Bound (SMART)
Project Management is ideally suited for a business environment that has all of the
following except?
, A) Accountability
B) Flexibility
C) Innovation
D) Speed
E) Repeatability - ANSWER: Repeatability
Which are the three different matrix systems? - ANSWER: Weak, Strong, Balanced
What are problems associated with the absence of a project portfolio system? -
ANSWER: Organizational politics, Resource conflicts, Multitasking, Implementation
gap
What are technical and social dimensions of project management? - ANSWER:
Technical Dimensions= Scope, WBS, Schedules, Resource allocation, baseline
budgets, status reports
Finacial criteria - ANSWER: Financial criteria is the preferred method to evaluate
projects. These models are appropriate when there is a high level of confidence
associated with the estimates of future cash glows. The two models are payback and
net present value (NPV)
Non financial Criteria - ANSWER: Companies have to be disciplined in saying no to
potentially profitable projects that are outside the realm of their core mission. This
requires other criteria be considered beyond direct financial return.
The structure that manages projects within the existing organizational structure is
__________ organization - ANSWER: Functional
What combinations represent the extremes of project organization? - ANSWER:
Functional and project organizations
What organization structure is the balance of authority strongly in favor of the
functional managers? - ANSWER: Weak Matrix
Which is NOT a driving force behind the increasing demand for project
management?
A. Compression of the product life cycle
B. Knowledge explosion
C. Increasing need for multi-project management
D. More sustainable business practices
E. Declining need for product management - ANSWER: E. Declining need for product
management
A project team that operates with a full-time project manager as a separate unit
from the rest of the organization is structured using ________ organization -
ANSWER: Projectized
Jack R. Meredith, Verified Chapters 1 - 8, Complete Newest
Version
In the _____________ stage of the project life cycle project the product is delivered
to the customer and resources are reassigned. - ANSWER: closing
Which structure would be most appropriate for developing a new, highly innovative
product that has strict time constraints? - ANSWER: Dedicated project team
_________ organization is a hybrid form in which a horizontal project management
structure is "overlaid" in the normal functional hierarchy. - ANSWER: Matrix
Regardless of the criteria differences among different types of projects, the most
important criterion for project selection is - ANSWER: The projects fit for
organizational strategy
Which of the following is NOT one of the requirements for successful
implementation of strategies through projects?
A. Allocation of resources
B. Prioritizing of projects
C. Motivation of project contributor
D. Adequate planning and control systems - ANSWER: ALL OF THESE
Which of the following terms is often used to denote a project that a powerful, high-
ranking official is advocating? - ANSWER: Sacred Cow
The assessment of the external and internal environments is called _______ analysis
- ANSWER: SWOT analysis
Which of the following would be classified as an organizational threat? - ANSWER:
Slowing of the economy
Which dimension of project management centers on creating a temporary social
system within a larger organizational environment that combines the talents of a
divergent set of professionals working to complete the project? - ANSWER:
Sociocultural
What are characteristics of effective objectives? - ANSWER: Specifc Measurable
Achievable Realistic Time-Bound (SMART)
Project Management is ideally suited for a business environment that has all of the
following except?
, A) Accountability
B) Flexibility
C) Innovation
D) Speed
E) Repeatability - ANSWER: Repeatability
Which are the three different matrix systems? - ANSWER: Weak, Strong, Balanced
What are problems associated with the absence of a project portfolio system? -
ANSWER: Organizational politics, Resource conflicts, Multitasking, Implementation
gap
What are technical and social dimensions of project management? - ANSWER:
Technical Dimensions= Scope, WBS, Schedules, Resource allocation, baseline
budgets, status reports
Finacial criteria - ANSWER: Financial criteria is the preferred method to evaluate
projects. These models are appropriate when there is a high level of confidence
associated with the estimates of future cash glows. The two models are payback and
net present value (NPV)
Non financial Criteria - ANSWER: Companies have to be disciplined in saying no to
potentially profitable projects that are outside the realm of their core mission. This
requires other criteria be considered beyond direct financial return.
The structure that manages projects within the existing organizational structure is
__________ organization - ANSWER: Functional
What combinations represent the extremes of project organization? - ANSWER:
Functional and project organizations
What organization structure is the balance of authority strongly in favor of the
functional managers? - ANSWER: Weak Matrix
Which is NOT a driving force behind the increasing demand for project
management?
A. Compression of the product life cycle
B. Knowledge explosion
C. Increasing need for multi-project management
D. More sustainable business practices
E. Declining need for product management - ANSWER: E. Declining need for product
management
A project team that operates with a full-time project manager as a separate unit
from the rest of the organization is structured using ________ organization -
ANSWER: Projectized
