What is the definition of a project? Choose all that apply.
A group of related programs
A temporary endeavor
Managed in a coordinated fashion
Produces a unique product service or result
Managed by a project manager
What is the definition of a program?
A group of unrelated projects
Temporary and unique
A type of organizational structure
A group of projects managed in a coordinated fashion
Which of the following represents a portfolio?
A group of unrelated projects and programs
A group of related projects and portfolios
A program and multiple projects
None of the above
You are helping your manager expedite a project in your department while still working on your day-to-day work. What type of organizational dynamic are you working in?
Matrix
Project-based
Functional
Composite
Which of the following are considered the best organizational structures for project managers? Choose all that apply.
Project-based
Weak matrix
Strong matrix
Functional
Composite
Balanced matrix
The selection committee is trying to determine which project to charter and has several options to choose from. Which project is the best for the committee to choose based on the information given?
Project A has a payback period of 1 year
Project B has a payback period of 2 years and an NPV of $350,000
Project C has an internal rate of return of 0.6
Project D has a payback period of 1 year and an NPV of $350,000
The project-selection committee is working with a business analyst who is predicting that the project the organization is considering has an internal rate of return of 1.3%. Based on this information alone, this is a project the committee should consider. True or false?
True
False
How many knowledge areas are there in the project management body of knowledge?
12
10
8
15
A strong matrix is a good organization dynamic for project managers because:
The project manager reports to the functional manager
The project manager is not in charge of the project and the team
The project manager is in charge of the project and the team
The project manager shares resources with functional departments but is still in charge of the project
Which of the following knowledge areas manages the project-management plan and the production of deliverables?
Scope-management
Schedule-management
Procurement-management
Integration-management
During project-selection, the business analysts use integer programming. Which of the following categories of project-selection techniques is this part of?
Expert judgment
Economic models
Scoring models
Constrained optimization
In a balanced matrix, which of the following situations could be considered true?
Project work is valued over operational work
There is an equal amount of focus on project and functional/operational work
There is more focus on functional work
The project manager and the PMO have equal power
All of the following describe the soft skills that are important to project management except:
Leadership
Team-building
Scope-management
Communication
During project-selection, the selection committee decides to take on a project with a negative NPV. Which of the following is the reason why an organization would make this decision?
The organization needs to change a process or product for regulatory compliance
The organization knows that the lower the NPV is, the better
The organization is only concerned with the payback period
The organization needs to produce a new product or service
Which of the following knowledge areas best represents relationship building through good communication?