PROJECT MANAGEMENT MODULE (IFMA FMP) EXAM LATEST
2024 ACTUAL EXAM
Project Management today is:
a. A new technique invented to address complex problems
b. A complex set of methods involving multiple stakeholders
c. Only useful for large organizations
d. A flexible method for managing large or small endeavors - ANSWER: D
Three primary objectives of projects?
a. Make money, satisfy the customer, keep employees busy
b. Follow specifications, satisfy the boss, beat the competition
c. Stay within budget, within time constraints, within scope
d. Be profitable, maintain reputation, avoid bad publicity - ANSWER: C
The two primary tasks of the Project Manager are what?
a. Staying within budget and scope
b. Staying on time within budget
c. Achieving access and impact for the organization
d. Managing tradeoffs and anticipating and addressing risks to the project - ANSWER:
D
Universal characteristic of all projects is that projects are:
a. Over budget
b. Short on time
c. Unique
d. Difficult - ANSWER: C
If the primary goal of a project is to produce 10 new widget designs, what might be
an important ancillary goal?
a. Determine skill and creativity level of the design department
b. Demonstrate management commitment
c. Make a profit
d. Get a promotion - ANSWER: A
What is a "Quasi-Project"?
a. Project with variable outcomes matrix
b. A situation in which all of the three primary project objectives are ill-defined
c. Quick, uncomplicated, active service initiatives
d. Recently added activity-reporting matrix - ANSWER: B
Most of the credit for developing project management techniques belongs to:
a. The military
b. Project managers worldwide
c. Large multinational organizations in the U.S.
, d. The project management institute - ANSWER: A
Actual experience with PM indicates that _____ organizations using it claim to
experience better customer relations and increase in their ROI.
a. Very few...
b. About 50 percent
c. All of the...
d. A majority of... - ANSWER: D
A common negative aspect of implementing PM is...
a. Declining profits
b. Increased conflict within the organization
c. Greater organizational complexity
d. Problems with industry partners - ANSWER: C
Project Management has resulted in an overall
a. Decline in the use of traditional hierarchical management
b. Increase in process improvement programs
c. Growth of US industrial output
d. Popularity of MBA programs - ANSWER: A
The largest amount of effort applied to a project is during the _____ phase:
a. Conception
b. Planning, scheduling, monitoring, and control
c. Selection
d. Evaluation and termination - ANSWER: B
Successful Project Management (PM) includes which of the following attributes:
a. Addresses problems outside the organization's current mission
b. Includes a complex set of methods involving multiple stakeholders
c. Strongly relates to the organization's strategy, mission and goals
d. Focuses on high goals and endeavors - ANSWER: C
Common problems in managing projects include which of the following?
a. Making profits
b. Following specification
c. Satisfying customer
d. Staying within budget, with time constraints, and within scope - ANSWER: D
The PMBOK addresses project managment maturity in 5 levels, and the highest level
most organizations achieve is which of the following?
A. Ad hoc - disorganized
B. Planned - organized w/ few predictable results
C. Organized - Standardized processes and some predictable results
D. Integrated, managed - controlled w/ results in line w/ plans
E. Sustained, adaptive - success is common and performance is improving - ANSWER:
C
2024 ACTUAL EXAM
Project Management today is:
a. A new technique invented to address complex problems
b. A complex set of methods involving multiple stakeholders
c. Only useful for large organizations
d. A flexible method for managing large or small endeavors - ANSWER: D
Three primary objectives of projects?
a. Make money, satisfy the customer, keep employees busy
b. Follow specifications, satisfy the boss, beat the competition
c. Stay within budget, within time constraints, within scope
d. Be profitable, maintain reputation, avoid bad publicity - ANSWER: C
The two primary tasks of the Project Manager are what?
a. Staying within budget and scope
b. Staying on time within budget
c. Achieving access and impact for the organization
d. Managing tradeoffs and anticipating and addressing risks to the project - ANSWER:
D
Universal characteristic of all projects is that projects are:
a. Over budget
b. Short on time
c. Unique
d. Difficult - ANSWER: C
If the primary goal of a project is to produce 10 new widget designs, what might be
an important ancillary goal?
a. Determine skill and creativity level of the design department
b. Demonstrate management commitment
c. Make a profit
d. Get a promotion - ANSWER: A
What is a "Quasi-Project"?
a. Project with variable outcomes matrix
b. A situation in which all of the three primary project objectives are ill-defined
c. Quick, uncomplicated, active service initiatives
d. Recently added activity-reporting matrix - ANSWER: B
Most of the credit for developing project management techniques belongs to:
a. The military
b. Project managers worldwide
c. Large multinational organizations in the U.S.
, d. The project management institute - ANSWER: A
Actual experience with PM indicates that _____ organizations using it claim to
experience better customer relations and increase in their ROI.
a. Very few...
b. About 50 percent
c. All of the...
d. A majority of... - ANSWER: D
A common negative aspect of implementing PM is...
a. Declining profits
b. Increased conflict within the organization
c. Greater organizational complexity
d. Problems with industry partners - ANSWER: C
Project Management has resulted in an overall
a. Decline in the use of traditional hierarchical management
b. Increase in process improvement programs
c. Growth of US industrial output
d. Popularity of MBA programs - ANSWER: A
The largest amount of effort applied to a project is during the _____ phase:
a. Conception
b. Planning, scheduling, monitoring, and control
c. Selection
d. Evaluation and termination - ANSWER: B
Successful Project Management (PM) includes which of the following attributes:
a. Addresses problems outside the organization's current mission
b. Includes a complex set of methods involving multiple stakeholders
c. Strongly relates to the organization's strategy, mission and goals
d. Focuses on high goals and endeavors - ANSWER: C
Common problems in managing projects include which of the following?
a. Making profits
b. Following specification
c. Satisfying customer
d. Staying within budget, with time constraints, and within scope - ANSWER: D
The PMBOK addresses project managment maturity in 5 levels, and the highest level
most organizations achieve is which of the following?
A. Ad hoc - disorganized
B. Planned - organized w/ few predictable results
C. Organized - Standardized processes and some predictable results
D. Integrated, managed - controlled w/ results in line w/ plans
E. Sustained, adaptive - success is common and performance is improving - ANSWER:
C
