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Exam (elaborations) Project Management (EGN3012)

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Introduces the necessary tools and information to manage engineering projects and resources. Covers a range of principles and practices in initiating, planning, staffing, coordinating and completing a project within the triple constraint of schedule, budget, and performance. Examines topics such as work breakdown structure, estimating, project networks, risk management, resource allocation, cost planning and makes use of available industry tools, such as Microsoft Project, to assist in managing real life projects.

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1

,INTRODUCTION (Section 1 of the PMBOK® Guide)

1.A project is:
A.A set of sequential activities performed in a process or system.
B.A revenue-generating activity that needs to be accomplished while achieving customer
satisfaction.
C.An ongoing endeavor undertaken to meet customer or market requirements.
D.A temporary endeavor undertaken to create a unique product, service, or result.

2.Project management is:
A.The integration of the critical path method and the Earned Value Management system.
B.The application of knowledge, skills, tools, and techniques to project activities to meet the
project requirements.
C.The application of knowledge, skills, wisdom, science, and art to organizational activities to
achieve operational excellence.
D.A subset of most engineering and other technical disciplines.

3.Portfolio management refers to:
A.Managing various contents of the project file.
B.Managing the levels of financial authority to facilitate project decision making.
C.The centralized management of one or more portfolios to achieve strategic objectives.
D.Applying resource-leveling heuristics across all the organization's projects to achieve the
organization's strategic objectives.

4.All of the following are questions that the key stakeholders and project managers should
answer to develop the project success measures EXCEPT:
A.What does success look like for the project?
B.How will success be measured?
C.What are the communication requirements?
D.What factors may impact success?

5.A program is a:
A.Group of related tasks lasting one year or less.
B.Group of related projects, subsidiary programs, and program activities managed in a
coordinated manner.
C.Large projects with significant cost and resource requirements.
D.Sequence of activities constituting a major project.



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,6.All of the following are true about projects and operations EXCEPT:
A.Operations are ongoing endeavors that produce repetitive outputs, with resources assigned
to do basically the same set of tasks according to the standards institutionalized in a product
life cycle, whereas projects are temporary endeavors.
B.Projects require project management activities and skill sets, whereas operations require
business process management, operations management activities, and skill sets.
C.Projects can intersect with operations at various points during the product life cycle. At each
point, deliverables and knowledge are transferred between the project and operations for
implementation of the delivered work.
D.Because of their temporary nature, projects cannot help achieve an organization's long-term
goals. Therefore, strategic activities in the organization can be generally addressed within the
organization's normal operations.

7.Your job responsibility is to align components (projects, programs, or related operations) to
the organizational strategy, organized into portfolios or subsidiary portfolios to optimize
project or program objectives, dependencies, costs, timelines, benefits, resources, and risks.
This is known as:
A.Components management.
B.Process management.
C.Program management.
D.Portfolio management.

8.The PMBOK® Guide is the standard for:
A.Managing all projects all of the time.
B.Managing all projects most of the time.
C.Managing most projects most of the time.
D.Managing some projects some of the time.

9.The collection of generally sequential and sometimes overlapping project phases, whose
name and number are determined by the management and control needs of the organization
or organizations involved in the project, is known as the:
A.Project waterfall.
B.Project life cycle.
C.Project life stages.
D.Project Management Process Groups.



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, 10.All of the following are true about project phases and the project life cycle EXCEPT:
A.Stakeholder influences, risk, and uncertainty are greatest at the start of the project. These
factors decrease over the life of the project.
B.The ability to influence the final characteristics of the project's product, without significantly
impacting cost, is highest at the start of the project and decreases as the project progresses
toward completion.
C.The cost of changes and correcting errors typically increases substantially as the project
approaches completion.
D.Cost and staffing levels are generally steady throughout the project life cycle.

11.All of the following statements about the project life cycle and the product life cycle are
true EXCEPT:
A.In the project predictive life cycle, the project scope and the time and cost required to
deliver that scope are determined as early in the project life cycle as practically possible.
B.In the project iterative and incremental life cycles, project phases intentionally repeat one or
more project activities as the project team's understanding of the product increases.
C.The product life cycle is the series of phases that represent the evolution of a product, from
concept through delivery, growth, maturity, and to retirement.
D.The product life cycle is contained within the predictive project life cycle.

12.You are managing a project in which you intend to respond to high levels of change and
ongoing stakeholder involvement. The most suitable project life cycle for your project is the:
A.Predictive life cycle.
B.Adaptive life cycle.
C.Waterfall life cycle.
D.Configuration management life cycle.

13.The five Project Management Process Groups are:
A.Planning, Checking, Directing, Monitoring, and Recording.
B.Initiating, Planning, Executing, Monitoring and Controlling, and Closing.
C.Planning, Executing, Directing, Closing, and Commissioning.
D.Initiating, Executing, Monitoring, Evaluating, and Closing.

14.Project Management Processes:
A.May be overlapping activities that occur throughout the project.
B.May be overlapping activities that generally occur at the same level of intensity within each
phase of the project.
C.Are generally discrete, one-time events.

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