Project Management – Week 1

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Question 1

Which of the following is not part of the triple constraint of project management?

• Meeting scope goals
• Meeting time goals
• Selected: Meeting communications goalsThis answer is correct.
• Meeting cost goals

You are correct! Meeting communications goals is not a project constraint; it should rather be an enabler of projects. Options a, b, and d represent the three dimensions of the triple constraint. All projects are generally carried out under cost, time and scope constraints known as triple constraint.

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Question 2

Project management is the application of knowledge, skills, tools, and techniques to project activities to meet project requirements.

• Selected:TrueThis answer is correct.
• False

You are correct! By definition, project management is the application of knowledge, skills, tools, and techniques to project activities to meet project requirements. While it is a best practice for project managers to strike a balance to meet specific scope, time, cost, and quality goals of projects, they must also facilitate the entire process to meet the needs and expectations of stakeholders involved in project activities.

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Question 3

Which of the following are the requirements to complete a pre-project setup? Choose three.

• Conduct a feasibility analysis.
• Selected: Identify the project.This answer is correct.
• Selected: Validate the project.This answer is correct.
• Validate the business case.
• Selected: Prepare a project charter and obtain approval of the charter.This answer is correct.
• Identify and analyze stakeholders.

You are correct! The steps in pre-project setup include the following: identifying the project, validating the project, preparing a project charter, and obtaining approval of the charter.

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Question 4

The project manager, with input from project team and top management, should make the decisions about the management of the project.

• True
• FalseThis answer is incorrect.

Actually, the project manager is ultimately responsible for managing the work of the project. That doesn’t mean that they should work without the benefit of input from others.

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Question 5

Project portfolio management addresses strategic goals of an organization, while project management addresses ________ goals of the organization.

• Selected: TacticalThis answer is correct.
• Internal
• Planned
• External

You are correct!  The main the difference between project management and project portfolio management focuses on meeting tactical or strategic goals. Tactical goals are generally more specific and short-term than strategic goals, which emphasize long-term goals for an organization. Individual projects often address tactical goals, whereas portfolio management addresses strategic goals.

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Question 6

Which of the following is a step required to validate a project?

• Identify and analyze stakeholder needs
• Align it to the strategic plan
• Write the business case
• Selected: Analyze the feasibilityThis answer is incorrect.

Actually, the steps required to validate a project are validating the business case (which encompasses a feasibility analysis, justification for the project, and alignment to the strategic plan) and identifying and analyzing stakeholders.

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Question 7

You are helping to create the project charter. One of the elements you need to include is the high-level risks in your project. Which one of the following is the best definition of a risk?

• A potential event that can cause the project to lose time and monies
• Selected: An uncertainty that can have a negative or positive effect on meeting project objectivesThis answer is correct.
• An uncertain event or condition that will cause the project to lose time and/or money
• A potential even or condition that may affect the project’s ability to meet the project quality expectations

You are correct! A general definition of a project risk is an uncertainty that can have a negative or positive effect on meeting project objectives. No one ever predicts for sure if something will happen, but it is necessary to evaluate what might happen and what effect it could have.

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Question 8

You’re a project manager working on a software development project. You are working hand in hand with a systems analyst who is considered an expert in her field. She has years of experience working for the organization and understands not only systems development but also the business area the system will support. Which person should make the decisions about the management of the project?

• Project manager
• Systems analyst
• Selected: Project manager with input from systems analystThis answer is correct.
• Systems analyst with input from project manager

You are correct! The project manager is ultimately responsible for managing the work of the project. That doesn’t mean that he or she should work without the benefit of input from others.

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Question 9

Which of the following are reasons for bringing about a project? Choose two.

• Feasibility study of future projects
• Selected: Market demandThis answer is correct.
• Business case
• Selected: Strategic opportunityThis answer is correct.
• Stakeholder needs

You are correct! The needs or demands that bring about a project include the following: market demand, strategic opportunity/business need, customer request, technological advances, legal requirements, ecological impacts, and social needs. A feasibility study is conducted to determine the viability of a project, and the business case documents the reasons for the project and the justification for the project. Stakeholder needs may bring about a project, but their needs will fall more specifically into one of the seven needs or demands that bring about a project.

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Question 10

Which of the following is not part of the triple constraint of project management?

• Meeting scope goals
• Meeting time goals
• Meeting cost goals
• Selected: Meeting communications goalsThis answer is correct.

You are correct! Meeting communications goals is not a project constraint; it should rather be an enabler of projects. Options a, b, and d represent the three dimensions of the triple constraint. All projects are generally carried out under cost, time and scope constraints know as triple constraint.

 

 

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Question 1

You’re a project manager working on a software development project. You are working hand in hand with a systems analyst who is considered an expert in her field. She has years of experience working for the organization and understands not only systems development but also the business area the system will support. Which person should make the decisions about the management of the project?

• Project manager
• Systems analyst
• Selected: Project manager with input from systems analystThis answer is correct.
• Systems analyst with input from project manager

You are correct! The project manager is ultimately responsible for managing the work of the project. That doesn’t mean that he or she should work without the benefit of input from others.

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Question 2

What is the term for a group of related projects managed in a coordinated fashion?

• Life cycle
• Phase
• Process group
• Selected: ProgramThis answer is correct.

You are correct! A program is a group of related projects that can benefit from coordinated management.
Life cycles are the various stages a project goes through, and process groups consist of Initiating, Planning, Executing, Monitoring and Controlling, and Closing.

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Question 3

What are two of the popular certifications provided by the Project Management Institute (PMI)? Choose two.

• Certified Project Manager (CPM)
• Selected: Project Management Professional (PMP)This answer is correct.
• Project Management Expert (PME)
• Selected: Program Management Professional (PgMP)This answer is correct.

You are correct! You can apply for any certification that matches your qualifications, and no certification serves as a prerequisite for another. The popular certifications provided by the PMI include the following: Certified Associate in Project Management (CAPM), Project Management Professional (PMP), Program Management Professional (PgMP), PMI Agile Certified Practitioner (PMI-ACP), PMI Risk Management Professional (PMI-RMP), and PMI Scheduling Professional (PMI-SP).

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Question 4

Which of the following is a step required to validate a project?

• Selected: Identify and analyze stakeholder needsThis answer is correct.
• Align it to the strategic plan
• Write the business case
• Analyze the feasibility

You are correct! The steps required to validate a project are validating the business case (which encompasses a feasibility analysis, justification for the project, and alignment to the strategic plan) and identifying and analyzing stakeholders.

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Question 5

Project portfolio management addresses strategic goals of an organization, while project management addresses ________ goals of the organization.

• Selected: TacticalThis answer is correct.
• Internal
• Planned
• External

You are correct!  The main the difference between project management and project portfolio management focuses on meeting tactical or strategic goals. Tactical goals are generally more specific and short-term than strategic goals, which emphasize long-term goals for an organization. Individual projects often address tactical goals, whereas portfolio management addresses strategic goals.

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Question 6

Which of the following is not part of the triple constraint of project management?

• Meeting scope goals
• Meeting time goals
• Selected: Meeting communications goalsThis answer is correct.
• Meeting cost goals

You are correct! Meeting communications goals is not a project constraint; it should rather be an enabler of projects. Options a, b, and d represent the three dimensions of the triple constraint. All projects are generally carried out under cost, time and scope constraints known as triple constraint.

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Question 7

What is a project?

• The ability to complete a task within a given amount of time
• The ability to complete a task with a given budget
• Selected: A temporary endeavor undertaken to create a unique product, service, or resultThis answer is correct.
• The ability to administer a series of chronological tasks within a given amount of time and under budget

You are correct! A project is a short-term endeavor that satisfies time, scope, and cost requirements. Projects must have resources in order to bring about their results, and they must meet the quality standards outlined in the project plan. Interrelated activities are not projects because they don’t meet the criteria for a project. A temporary undertaking implies that a project has a distinct start and end time with a clear scope and resources. A project is dynamic and continues to evolve, and may consist of a variety of different sizes, comprising one person, several people, or group of people.

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Question 8

Which of the following are reasons for bringing about a project? Choose two.

• Feasibility study of future projects
• Selected: Market demandThis answer is correct.
• Business case
• Selected: Strategic opportunityThis answer is correct.
• Stakeholder needs

You are correct! The needs or demands that bring about a project include the following: market demand, strategic opportunity/business need, customer request, technological advances, legal requirements, ecological impacts, and social needs. A feasibility study is conducted to determine the viability of a project, and the business case documents the reasons for the project and the justification for the project. Stakeholder needs may bring about a project, but their needs will fall more specifically into one of the seven needs or demands that bring about a project.

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Question 9

Which of the following is not a potential advantage of using good project management?

• Shorter development times
• Higher worker morale
• Selected: Cost of capitalThis answer is correct.
• Higher profit margins

You are correct! Many organizations assert that using project management techniques provides advantages, such as: Better control of financial, physical, and human resources, Improved customer relations, Shorter development times, Lower costs and improved productivity, Higher quality and increased reliability, Higher profit margins, Positive impact on meeting strategic goals, and Higher worker morale.

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Question 10

You are helping to create the project charter. One of the elements you need to include is the high-level risks in your project. Which one of the following is the best definition of a risk?

• A potential event that can cause the project to lose time and monies
• Selected: An uncertainty that can have a negative or positive effect on meeting project objectivesThis answer is correct.
• An uncertain event or condition that will cause the project to lose time and/or money
• A potential even or condition that may affect the project’s ability to meet the project quality expectations

You are correct! A general definition of a project risk is an uncertainty that can have a negative or positive effect on meeting project objectives. No one ever predicts for sure if something will happen, but it is necessary to evaluate what might happen and what effect it could have.