TEST BANK For Project Management in Practice, 7th Edition by
Jack R. Meredith, Verified Chapters 1 - 8, Complete Newest
Version
Ana is a project manager for her organization. She has been presented a set of
documents that specifies the reasons for the project, justification for the project and
how it fits in with the company objectives.
What has she received? - ANSWER: business case
Which of the following comes under the economic model?
Choose all that apply.
IRR
Constrained optimization
NPV
Discounted cash flow - ANSWER: IRR(internal rate of return)
NPV(net present value)
Discounted cash flow
Which of the following will you include in a business case of your project?
Project milestone
Justification for the project
Cost-benefit analysis
Estimated budget - ANSWER: Justification for the project
Cost-benefit analysis
Who is responsible for...
-Time and duration estimates for the tasks
-Cost estimates for deliverables or other project work purchased from outside an
organization
-Status updates on the progress of the tasks
-Dependencies related to the tasks - ANSWER: project team
A project sponsor has signed a document for authorizing an upcoming project.
Which of the following will be included in the document?
-Roles and responsibilities of the team members
-High-level details regarding estimated budgets and timelines
-Justification for the project
-Quantitative analysis for all major project risks - ANSWER: High-level details
regarding estimated budgets and timelines
, Justification for the project
You, as a project manager, report to the director of project management, and your
team members report to their areas of responsibility (accounting, human resources,
and IT). You have complete control of the project team's assignments once the
project is underway.
What organizational structure(s) does this describe? - ANSWER: Projectized
Project-based
What are the characteristics of a matrix organization? - ANSWER: -weak to strong
project manager authority
-mix of full time and part time project resources
-better inter-departmental communication
What features these ten areas?
- Scope
- Time
- Cost
- Quality
- Human Resources
- Communications
- Risk
- Integration
- Stakeholder - ANSWER: PMBOK Guide
Who is responsible for communicating or marketing the benefits of the product? -
ANSWER: Project sponsor
In what organizational structure does the sales manager handle project
management? - ANSWER: Functional
Who provides...?
-Project management standards and processes
-Tools, templates, and artifacts to help manage projects consistently
-Setting deliverables
-Governance process for managing projects and setting priorities
-Key performance indicators and metrics
-Standards of performance including consequences of non-performance
-Coordination of resources among projects - ANSWER: PMO (Project Management
Office)
What is the least precise cash-flow technique? - ANSWER: payback period estimate
Who has these responsibilities?
Jack R. Meredith, Verified Chapters 1 - 8, Complete Newest
Version
Ana is a project manager for her organization. She has been presented a set of
documents that specifies the reasons for the project, justification for the project and
how it fits in with the company objectives.
What has she received? - ANSWER: business case
Which of the following comes under the economic model?
Choose all that apply.
IRR
Constrained optimization
NPV
Discounted cash flow - ANSWER: IRR(internal rate of return)
NPV(net present value)
Discounted cash flow
Which of the following will you include in a business case of your project?
Project milestone
Justification for the project
Cost-benefit analysis
Estimated budget - ANSWER: Justification for the project
Cost-benefit analysis
Who is responsible for...
-Time and duration estimates for the tasks
-Cost estimates for deliverables or other project work purchased from outside an
organization
-Status updates on the progress of the tasks
-Dependencies related to the tasks - ANSWER: project team
A project sponsor has signed a document for authorizing an upcoming project.
Which of the following will be included in the document?
-Roles and responsibilities of the team members
-High-level details regarding estimated budgets and timelines
-Justification for the project
-Quantitative analysis for all major project risks - ANSWER: High-level details
regarding estimated budgets and timelines
, Justification for the project
You, as a project manager, report to the director of project management, and your
team members report to their areas of responsibility (accounting, human resources,
and IT). You have complete control of the project team's assignments once the
project is underway.
What organizational structure(s) does this describe? - ANSWER: Projectized
Project-based
What are the characteristics of a matrix organization? - ANSWER: -weak to strong
project manager authority
-mix of full time and part time project resources
-better inter-departmental communication
What features these ten areas?
- Scope
- Time
- Cost
- Quality
- Human Resources
- Communications
- Risk
- Integration
- Stakeholder - ANSWER: PMBOK Guide
Who is responsible for communicating or marketing the benefits of the product? -
ANSWER: Project sponsor
In what organizational structure does the sales manager handle project
management? - ANSWER: Functional
Who provides...?
-Project management standards and processes
-Tools, templates, and artifacts to help manage projects consistently
-Setting deliverables
-Governance process for managing projects and setting priorities
-Key performance indicators and metrics
-Standards of performance including consequences of non-performance
-Coordination of resources among projects - ANSWER: PMO (Project Management
Office)
What is the least precise cash-flow technique? - ANSWER: payback period estimate
Who has these responsibilities?
