BAM 540 Project Management Final

Final is attached

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BAM 540

Project Management

Text:
Project Management

Second Edition, 2010
ISBN-10: 0136065619
Author(s): Jeffery K. Pinto
Publisher: Prentice Hall
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Multiple Choice Questions (Enter your answers on the enclosed answer sheet)
l. There is no such thing as a project team with a(n) _
a. del iverable
b. ongoing, nonspecific purpose
c. goal
d. project manager
2. A project that results in “doing the wrong things well” has ignored the goal.
a. budgetary
b. technical
c. customer satisfaction
d. scheduling
3. The technical side of project management emphasizes _
a. team building
b. confl ict management
c. negotiation
d. budgeti ng
4. The behavioral side of project management emphasizes _
a. scheduling
b. leadership
c. planning
d. project selection
5. Geoffco’s project manager names three individuals and requests a project budget of
$3,000,000 for the new 8-Pod, a backpack-sized personal music player for 8-track tapes
capable of holding up to 100 songs from the 60s and 70s. This important step takes place
during of the project life cycle.
a. planning
b. conceptualization
c. execution
d. termination
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12. Process management features with respect to project management.
a. greater heterogeneity
b. greater certainty of performance
c. greater numbers of goals and objectives
d. lower adherence to establ ished practices
13. Studies of IT projects reveal that _
a. initial cost estimates are overrun by an average of 15
b. over 66 of IT projects were del ivered to customers but not used
c. about 25 of all IT projects become runaways by overshooting budgets and
timetables
d. up to 75 of software projects are cancelled
14. A business reality that makes effective project management critical is the fact that
a. products are becoming increasingly simple
b. inflation is rampant
c. product life cycles are compressing
d. product launch windows are widening
15. A product is introduced into a market, gains the acceptance of a fickle public and is finally
supplanted by a new and improved offering. This phenomenon is known as _
a. the product life cycle
b. the rule of 80
c. the Mendoza line
d. the beta
16. External stakeholders that are external to a project but possess the power to effectively
disrupt the project’s development are groups.
a. intervenor
b. environmental
c. stressor
d. special-interest
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22. The PMO is used to protect and support the skill of project management under the
______ model.
a. resource pool
b. weather station
c. control tower
d. project
23. The PMO is used to maintain and provide a cadre of skilled and trained project
professionals, as needed, under the model.
a. control tower
b. cadre
c. weather station
d. resource pool
24. A writer estimates it will take three months to generate spiffy documents to accompany a
seminal work in operations management. He grossly underestimates the time required and
misses his deadline by two months. This estimate was and _
a. objective; accurate
b. subjective; accurate
c. objective; inaccurate
d. subjective; inaccurate
25. A wedding planner allows $10,000 for flowers and three weeks to receive all RSVPs back
from the list of 700 guests. Both estimates are correct within a fraction of a percent. We
could describe this factoid as and _
A) numeric; ubjective
B) numeric; objective
C) nonnumeric; subjective
D) nonnumeric; objective
26. The efficient frontier in project management is the set of portfolio options that offer a
______ return for a risk.
a. minimum; minimum
b. minimum; maximum
c. maximum; minimum
d. maximum; maximum
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32. Group maintenance behavior would be exhibited by a project manager that _
a. provides the necessary support and technical assistance
b. plans and schedules activities and resources appropriately
c. contributes to the completion of project assignments
d. works with subordinates to understand their problems
33. The group maintenance behavior of gatekeeping helps to _
a. increase and equalize participation
b. reduce tension and hostility
c. regulate behavior
d. increase comprehension
34. The task-oriented behavior of summarizing accomplishes which specific outcome?
a. check on understanding and assess progress
b. guide and sequence discussion
c. check on agreement
d. increase comprehension
35. Tim slapped together his first webpage and proudly showed it to all his colleagues, pointing
out what he thought were obvious and overwhelming advantages in simplicity and
portability. His championing of webpages that he had read about in a trade journal
ultimately shamed everyone else into adopting a web-based approach for all communication
and cemented his status as a true _
a. creative origi nator
b. entrepreneur
c. godfather
d. project manager
36. Michael wants to carry out his mentor’s long range strategic vision of expanding the
company’s customer base by entering the casino business in Las Vegas. He issues a series of
memos that explain the importance of these projects and makes sure that all necessary
resources are at the disposal of the project management team, which is fortunate to have
such a(n) _
a. creative originator at the helm
b. entrepreneur
c. godfather
d. project manager
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43. As the 80th change order floated across h is desk, the project manager wished that he had
kept the first seventy-nine. What money he had saved in scrap paper might as well be lost in
charges that could never be recouped from the client. What he needs is better _
a. trend mon itori ng
b. configuration control
c. specification control
d. document control
44. Which step in project management requires project managers to consider the types of
records and reports they and their clients will require at the completion of the project?
a. project closeout
b. completion phase
c. reporting
d. planning
45. A priori consideration of information needs is performed _
a. several years after a project is completed
b. before a project begins
c. at the start of a project
d. during the project
46. Conflict begins as team members begin to resist authority and demonstrate hidden agendas
and prejudices in the stage of group development.
a. storming
b. performing
c. forming
d. norming
47. Everyone in the Tagi tribe agreed to vote out Gervasse at the next tribal council. Their 39-
day project to make it to the final four together was two steps away from completion. This
project group is in the stage of group development.
a. storming
b. performing
c. forming
d. norming
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53. Project penalty clauses that initiate at mutually agreed-on points in the project’s
development and implementation are _
a. liquidated damages
b. milestone adjustments
c. contingency clauses
d. penalty points
54. The firm set aside a little extra money just in case an unforeseen element of cost pushed the
project beyond what they had budgeted. This extra money is called a(n) _
a. rainy day fund
b. contingency reserve
c. escalation clause
d. sinking fund
55. The mouse executive board meeting was drawing to a conclusion; the only way they would be
able to detect the presence of the cat was to tie a bell around its tail. Under their risk
management identification scheme, this would fall under risk.
a. commercial
b. execution
c. financial
d. technical
56. A method for conducting risk factor identification that consol idates the judgments of
isolated, anonymous respondents is _
a. a brainstorming meeting
b. the Delphi method
c. past history
d. multiple assessments
57. A method for conducting risk factor identification that generates ideas but doesn’t focus on
decision-making is _
a. a brainstorming meeting
b. the Delphi method
c. past history
d. multiple assessments
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63. What learning rate is being demonstrated if the first unit takes 15 hours and the third unit
takes 14 hours to complete?
a. greater than or equal to 97 percent
b. less than 97 percent but greater than or equal to 95 percent
c. less than 95 percent but greater than or equal to 93 percent
d. less than 93 percent
64. It took 80 hours of analysis to complete the first phase, but the second phase was done in
74 hours. If this learning rate continues, then the 8th analysis should take a mere
_____ hours and minutes, give or take.
a. 63; 20
b. 68; 30
c. 57; 15
d. 52; 45
65. Which of these indirect costs is typically classified as an overhead cost?
a. advertising
b. shipping
c. sales commissions
d. taxes
66. These can be located by doing a backward pass through a network.
a. critical paths
b. merge activities
c. successors
d. burst activities
67. An activity with two or more immediate predecessors is atn) _
a. merge activity
b. burst activity
c. float activity
d. event
68. An activity has an optimistic time estimate of 7 days, a most likely estimate of 12 days and
a pessimistic estimate of 20 days. What is the expected standard deviation of the activity?
a. between 2 and 3
b. between 3 and 4
c. between 4 and 5
d. between 5 and 6
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74. If an activity’s cost is plotted against its duration on axes with zeros at the origin, the slope
of the line is _
a. positive because it costs more to finish an activity more quickly
b. negative because a shorter activity costs less than a longer one
c. negative because it costs more to finish an activity more quickly
d. positive because a longer activity costs more than a shorter one
75. An activity on arrow network _
a. cannot have more arrows than nodes
b. cannot have more nodes than arrows
c. has one more node than arrows
d. has one more arrow than nodes
76. The best approach to network representation of a large and hugely complex project is to
a. represent all activities and relationships
b. simplify network logic and reduce it to the most meaningful relationships
c. use AOA
d. use AON
77. CCPM advocates performing all noncritical activities _
a. as late as possible
b. as early as possible
c. before starting the critical path
d. after completing the critical path
78. An important departure from traditional project management is that critical chain project
management logic _
a. changes from a late finish to an early start approach
b. factors in the effects of resource contention
c. adjusts expected activity durations to reflect a 95 probability of completion on time
d. creates a separate safety margin for each activity in the project
79. In order to resolve a resource conflict, it is advisable to _
a. work backwards from the end of the project
b. work forwards from the start of the project
c. begin activities at their earliest possible start time
d. complete activities at their earliest possible finish time
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86. A tracking Gantt chart cannot show _
a. the reason an activity has slipped
b. which activities are ahead of schedule
c. which activities are on schedule
d. which activities are behind schedule
87. A tracking Gantt chart does not allow for _
a. looking at today’s activity progress and determining whether a single activity is behind
scheduled
b. future projections of the project’s status
c. looking at today’s activity progress and determining whether the entire project is
behind schedule
d. looking at today’s activity progress and determining whether a single activity is ahead
of schedule
88. It is possible to measure with the tracking Gantt chart.
a. only positive deviations from the schedule baseline
b. only negative deviations from the schedule baseline
c. both positive and negative deviations from the schedule baseline
d. both positive and negative deviations from the budget
89. If significant deviations from the project plan are detected, corrective action is taken and
then _
a. the monitoring and control cycle begins anew
b. project goals are adjusted to reflect current reality
c. the project stakeholders are informed of the budget or time difficulties
d. the critical chain is reviewed for task dependency
90. The classic project S-curve is a plot of _
a. labor hours versus money expended
b. money expended versus elapsed time
c. elapsed time versus labor hours
d. number of personnel versus days behind schedule
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97. In nonbinding arbitration, _
a. the judge can offer suggestions for dispute resolution but cannot enforce these
opinions.
b. the two parties agree to open up, or unbind, their books for inspection by the other
party.
c. the client and project organizations both agree to perform exactly what the judge
decrees.
d. the client and project organizations are not bound by the rules of law.
98. The goal of a lessons learned meeting is to recapitulate the series of events _
a. as subjectively as possible
b. from the project manager’s viewpoint
c. as intuitively as possible
d. from all possible viewpoints
99. Some of the greatest challenges facing project teams during termination is _
a. maintaining the energy and motivation to finish
b. providing accurate data for the project final report
c. providing accurate root cause analysis for the project final report
d. finding another project to begin
100. An example of an external intellectual issue is the _
a. control of charges to the project
b. screening of partially completed tasks
c. identification of outstanding commitments
d. determinants of requirements for audit trail data
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