701 Fundamentals - Quiz 1 October 2, 2013

True/False
Indicate whether the statement is true or false.

____ 1. The introduction of new software makes basic tools, such as Gantt charts and network diagrams, inexpensive
and easy to create.

____ 2. According to the symbolic frame, the most important aspect of any event in an organization is not what
actually happened, but what it means.

____ 3. The same organization can have different subcultures.

____ 4. The last phase of the traditional project life cycle is the implementation phase.

____ 5. A sprint review is a meeting in which the team demonstrates to the product owner what it has completed
during the sprint.

Multiple Choice
Identify the choice that best completes the statement or answers the question.

____ 1. Which of the following is a difference between projects and operations?

a. Projects are undertaken to sustain an c. Projects are temporary endeavors whereas
organizations business whereas an organizations operations are ongoing
operations are not. in nature.
b. Operations are undertaken to create d. Operations have well-defined objectives
unique products, services, or results whereas projects do not need to have a
whereas projects are not. unique purpose.
____ 2. Project _____ management ensures that the project will satisfy the stated or implied needs for which it was
undertaken.
a. cost c. risk
b. time d. quality
____ 3. Fast tracking is an example of a tool used in _____ management.
a. time c. communication
b. quality d. risk
____ 4. Which of the following questions reflect the strategic goals of project portfolio management?
a. Are we carrying out projects well? c. Are we investing in the right areas?
b. Are projects on time and on budget? d. Do stakeholders know what they should
be doing?
____ 5. Joe is a project manager in an IT company and has over the years, gained substantial knowledge in his area of
work. However, while managing his team, he often loses his temper. In addition, he fails to be an active
listener when his team members approach him with work related challenges. In which of the following areas
does Joe need to develop his skills in?
a. Application area knowledge
b. Project environment knowledge
c. Standards and regulations

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 d. Human relations skills
____ 6. A preliminary or rough cost estimate is developed in the _____ phase of the project life cycle, and an
overview of the work involved is created.
a. implementation c. concept
b. acquisition d. close-out
____ 7. The _____ model of a systems development life cycle provides for progressive development of operational
software, with each release providing added capabilities.
a. spiral life cycle c. waterfall life cycle
b. RAD life cycle d. incremental build life cycle
____ 8. _____ is an iterative software development process that focuses on team productivity and delivers software
best practices to all team members.
a. Agile Unified Process c. Rational Unified Process
b. Dynamic Systems Development Method d. Six Sigma
____ 9. The project management plan is the output of the planning process of project _____.
a. integration management c. scope management
b. quality management d. procurement management
____ 10. Payback occurs when:
a. the net cumulative benefits minus costs c. the net costs are lower than the cumulative
equal one. benefits.
b. the net cumulative benefits equal the net d. the cumulative benefits are double the
cumulative costs. cumulative costs.

Completion
Complete each statement.

1. Project _____ management consists of preparing and managing the budget for a project.

2. The _____ software integrates information from multiple projects to show the status of active, approved, and
future projects across an entire organization.

3. _____ is a project management methodology that defines 45 separate subprocesses and organizes these into
eight process groups.

4. A(n) _____ is a methodology that converts value drivers, such as customer service, innovation, operational
efficiency, and financial performance, to a series of defined metrics.

5. _____ include formal and informal plans, policies, procedures, guidelines, information systems, financial
systems, management systems, lessons learned, and historical information that can be used to influence a
projects success.

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701 Fundamentals - Quiz 1
Answer Section

TRUE/FALSE

1. ANS: T
As computer hardware became smaller and more affordable and software companies
developed graphical, easy-to-use interfaces, project management software became
less expensive and more widely used. New software makes basic tools such as Gantt charts and network
diagrams inexpensive, easy to create, and available for anyone to update.

PTS: 1 DIF: Difficulty: Easy REF: p.28

OBJ: LO: 1-6 NAT: BUSPROG: Technology
TOP: The Project Management Profession KEY: Bloom's: Knowledge
2. ANS: T
The symbolic frame focuses on symbols and meanings. In this frame, the most important aspect of any event
in an organization is not what actually happened, but what it means.

PTS: 1 DIF: Difficulty: Moderate REF: p.48

OBJ: LO: 2-2 NAT: BUSPROG: Analytic TOP: Understanding Organizations
KEY: Bloom's: Knowledge
3. ANS: T
It is also important to note that the same organization can have different subcultures. The IT department may
have a different organizational culture than the finance department, for example.

PTS: 1 DIF: Difficulty: Easy REF: p.51

OBJ: LO: 2-2 NAT: BUSPROG: Analytic TOP: Understanding Organizations
KEY: Bloom's: Knowledge
4. ANS: F
The last phase of the traditional project life cycle is the close-out phase.In it, all of the work is completed, and
customers should accept the entire project.

PTS: 1 DIF: Difficulty: Moderate REF: p.59

OBJ: LO: 2-4 NAT: BUSPROG: Analytic
TOP: Project Phases and the Project Life Cycle KEY: Bloom's: Knowledge
5. ANS: T
A sprint review is a meeting in which the team demonstrates to the product owner what it has completed
during the sprint.

PTS: 1 DIF: Difficulty: Moderate REF: p.122

OBJ: LO:3-5 NAT: BUSPROG: Technology
TOP: Case Study 2: JWD Consulting's Project Management Intranet Site Project (Agile Approach)
KEY: Bloom's: Knowledge

MULTIPLE CHOICE

1. ANS: C

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 A project is a temporary endeavor undertaken to create a unique product, service, or result. Operations, on
the other hand, is work done in organizations to sustain the business.

PTS: 1 DIF: Difficulty: Moderate REF: p.4

OBJ: LO: 1-2 NAT: BUSPROG: Analytic TOP: What is a Project?
KEY: Bloom's: Comprehension
2. ANS: D
Project management knowledge areas describe the key competencies that project managers must develop.
Project quality management ensures that the project will satisfy the stated or implied needs for which it was
undertaken.

PTS: 1 DIF: Difficulty: Easy REF: p.12

OBJ: LO: 1-3 NAT: BUSPROG: Analytic TOP: What is Project Management?
KEY: Bloom's: Knowledge
3. ANS: A
Time management tools include Gantt charts, project network diagrams, critical path analysis, crashing, fast
tracking, and schedule performance measurements.

PTS: 1 DIF: Difficulty: Easy REF: p.13

OBJ: LO: 1-3 NAT: BUSPROG: Analytic TOP: What is Project Management?
KEY: Bloom's: Knowledge
4. ANS: C
The strategic goals of project portfolio management raise questions such as Are we working on the right
projects?, Are we investing in the right areas?, and Do we have the right resources to be competitive?

PTS: 1 DIF: Difficulty: Moderate REF: p.18

OBJ: LO: 1-4 NAT: BUSPROG: Analytic
TOP: Program and Project Portfolio Management KEY: Bloom's: Comprehension
5. ANS: D
Achieving high performance on projects requires soft skills, otherwise called human
relations skills. Project managers need good soft skills to understand, navigate, and meet stakeholders needs
and expectations. They need to be able to listen actively to what others are saying, help develop new
approaches for solving problems, and then persuade others to work toward achieving project goals.

PTS: 1 DIF: Difficulty: Challenging REF: p.23

OBJ: LO: 1-5 NAT: BUSPROG: Reflective Thinking TOP: The Role of the Project Manager
KEY: Bloom's: Application
6. ANS: C
In the concept phase of a project, managers usually develop some type of business case, which describes the
need for the project and basic underlying concepts. A preliminary or rough cost estimate is developed in this
first phase, and an overview of the required work is created.

PTS: 1 DIF: Difficulty: Moderate REF: p.57

OBJ: LO: 2-4 NAT: BUSPROG: Analytic
TOP: Project Phases and the Project Life Cycle KEY: Bloom's: Knowledge
7. ANS: D
The incremental build life cycle model provides for progressive development of operational software, with
each release providing added capabilities.

PTS: 1 DIF: Difficulty: Moderate REF: p.60

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 OBJ: LO: 2-4 NAT: BUSPROG: Analytic
TOP: Project Phases and the Project Life Cycle KEY: Bloom's: Knowledge
8. ANS: C PTS: 1 DIF: Difficulty: Moderate
REF: p.90 OBJ: LO:3-3 NAT: BUSPROG: Technology
TOP: Developing An IT Project Management Methodology KEY: Bloom's: Knowledge
9. ANS: A
The project management plan ,which is part of the planning process, is the output of project integration
management.

PTS: 1 DIF: Difficulty: Moderate REF: p. 102

OBJ: LO:3-4 NAT: BUSPROG: Technology
TOP: Case Study 1: JWD Consulting's Project Management Intranet Site Project (Predictive Approach)
KEY: Bloom's: Knowledge
10. ANS: B
Payback occurs when the net cumulative benefits equal the net cumulative costs, or when the net cumulative
benefits minus costs equal zero.

PTS: 1 DIF: Difficulty: Moderate REF: p.153

OBJ: LO:4-2 NAT: BUSPROG: Technology
TOP: Strategic Planning And Project Selection KEY: Bloom's: Knowledge

COMPLETION

1. ANS: cost

PTS: 1 DIF: Difficulty: Moderate REF: p.12

OBJ: LO: 1-3 NAT: BUSPROG: Technology TOP: What is Project Management?
KEY: Bloom's: Comprehension
2. ANS: portfolio project management

PTS: 1 DIF: Difficulty: Easy REF: p.20

OBJ: LO: 1-4 NAT: BUSPROG: Technology TOP: Program and Portfolio Management
KEY: Bloom's: Knowledge
3. ANS:
PRojects IN Controlled Environments
PRINCE2

PTS: 1 DIF: Difficulty: Easy REF: p. 89

OBJ: LO:3-2 NAT: BUSPROG: Technology
TOP: Developing An IT Project Management Methodology KEY: Bloom's: Knowledge
4. ANS: balanced scorecard

PTS: 1 DIF: Difficulty: Moderate REF: p.156

OBJ: LO: 4-2 NAT: BUSPROG: Technology
TOP: Strategic Planning And Project Selection KEY: Bloom's: Knowledge
5. ANS: Organizational process assets

PTS: 1 DIF: Difficulty: Moderate REF: p.158

OBJ: LO: 4-3 NAT: BUSPROG: Technology TOP: Developing A Project Charter

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KEY: Bloom's: Knowledge