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Bus517 Midterm Exam Part 1 & 2
PART 1
Question 1
The advent of project management has been most profound in
Answer
Automobile manufacturing
Construction
Information technology
The U.S. Department of Defense
Film making
Question 2
Which of the following is the number one characteristic that is looked for in management candidates?
Answer
Overall intelligence
Works well with others
Experience
Past successes
Good reference
Question 3
In which of the following stages are project objectives established, teams formed, and major responsibilities assigned?
Answer
Conceptualizing
Defining
Planning
Executing
Delivering
Question 4
Project management is ideally suited for a business environment requiring all of the following except
Answer
Accountability
Flexibility
Innovation
Speed
Repeatability
Question 5
A common rule of thumb in the world of high-tech product development is that a six-month project delay can result in a loss of product revenue share of ___ percent. The waste on failed projects and cost overruns is estimated in the neighborhood of
Answer
10
20
33
45
50
Question 6
Which of these is not part of the "technical dimension" of project management?
Answer
WBS
Budgets
Problem solving
Schedules
Status reports
Question 7
From among the following activities, which is the best example of a project?
Answer
Processing insurance claims
Producing automobiles
Writing a term paper
Completing a college degree
All of these are good examples of projects
Question 8
Which of the following activities is not considered a project?
Answer
Developing a new software program
Designing a space station
Preparing the site for the Olympic Games
Production of automobile tires
Developing a new advertising program
Question 9
Project selection criteria are typically classified as:
Answer
Financial and non-financial
Short-term and long-term
Strategic and tactical
Required and optional
Cost and schedule
Question 10
Which of the following is not one of the characteristics of effective objectives?
Answer
Realistic
Assignable
Flexible
Specific
Measurable
Question 11
Susie's department is implementing many projects. She finds herself starting and stopping work on one task to go and work on another task, and then return to the work on the original task. Susie is experiencing
Answer
Poor scheduling
Excess work burden
Flexible tasking
Multitasking
Burnout
Question 12
Which of the following would not be classified as an organizational opportunity?
Answer
Increasing product demand
Excellent employees
Emerging markets
Demographics
Question 13
A project screening matrix typically contains all of the following except:
Answer
The list of available projects
Specific criteria
Weights assigned to specific criteria
Costs to complete each project
Question 14
In the Snapshot from Practice, Intel's CEO has concentrated Intel's strategy toward?
Answer
Creating chips to support the digital device market
Eliminating AMD as a competitor
Strengthening Intel's position in the PC market
Expanding Intel's international market
Expand efforts in the mainframe computer market
Question 15
A major project proposal form will likely include all of the following except:
Answer
Project Classification
Schedule objective
Major deliverables of the project
How success will be measured
Question 16
Projects are usually classified into all but one of the following categories. Which one is not one of the typical classifications?
Answer
Compliance and emergency
Operational
Strategic
Political necessity
Question 17
Who is responsible for determining what tasks have to be done in a matrix project management structure?
Answer
The functional manager
The project manager
Both are responsible
This is no pattern of who takes responsibility
Question 18
MegaComputers, Inc. has assigned a project manager for each of the five new-product teams. The managers as well as the project team members work on the projects on a full-time basis. The structure being used is ________ organization.
Answer
Functional
Balanced matrix
Weak matrix
Strong matrix
Project
Question 19
The project manager has the responsibility to answer which of the following questions?
Answer
What task has to be done?
Who will do the task?
How will the task be done?
How well has the functional input been integrated?
Why will the task be done?
Question 20
The project structure that is ranked as most effective for developing new products is ______ organization.
Answer
Functional
Balanced matrix
Weak matrix
Strong matrix
Project
Question 21
A good project management system provides for defining the interface between the project team and the organization in all the following areas except
Answer
Authority
Allocation of resources
Development of project team members
Integration of the project into the organization
Question 22
_________ organization is a hybrid form in which a horizontal project management structure is overlaid in the normal functional hierarchy.
Answer
Functional
Matrix
Project
Balanced
Question 23
The Macintosh development team at Apple is a good example of what kind of project structure?
Answer
Project
Balanced Matrix
Project Matrix
Functional Matrix
Functional
Question 24
Organizational culture is best explained as organizational
Answer
Personality
Hierarchy
Reporting relationships
Background
Management style
Question 25
From the list below, which is not a primary characteristic of organization culture?
Answer
Control
Team emphasis
History
Conflict tolerance
Risk tolerance
Part 2
Question 1
The project scope statement indicates that the client is responsible for training the people who will be using the equipment and that the project team will train the client's trainers. This is an example of:
Answer
Project objectives
Deliverables
Limits and exclusions
Technical requirements
Milestones
Question 2
If a project criterion indicates that the project must meet a specific date, that criterion is classified as
Answer
Constrained
Enhanced
Accepted
Limited
Fixed
Question 3
Scott has just been given a project that has a specific target date. After discussion with top management he finds that while the date is important the cost is more important and a slip in delivery would be acceptable if required to meet the cost targets. The target date is best classified as
Answer
Constrain
Enhance
Accept
Limit
Optional
Question 4
If a project is small or of narrow scope and does not require an elaborate system, which of the following is a good choice?
Answer
Responsibility matrix
Organization breakdown structure
Work breakdown structure
Priority matrix
Process breakdown structure
Question 5
The ability of 911 emergency systems to identify the caller's phone number and location are considered to be a
Answer
Technical requirement
Milestone
Project limit
Project exclusion
Project deliverable
Question 6
Which of the following is not one of the basic classifications of project priorities?
Answer
Profit
Cost
Time
Performance
Question 7
The tendency for the project deliverables to expand over time—usually by changing requirements, specifications, and priorities—is called:
Answer
Scope erosion
Scope creep
Project bloat
Scope enhancement
Project add-ons
Question 8
The final step in the creation of a Work Breakdown Structure is to
Answer
Code the WBS for tracking
Assign the cost account to a manager
Assign the work package to a manager
Develop the responsibility matrix
Question 9
The process of forecasting or approximating the time and cost of completing project deliverables is called
Answer
Budgeting
Predicting
Estimating
Planning
Guesstimating
Question 10
Ed is looking over the actual results of projects and comparing them to what was estimated. He notices that projects that took six months or longer to complete were noticeably more off the estimates. Which of the following factors is he recognizing?
Answer
Padding estimates
Planning horizon
Project structure
People
Organization culture
Question 11
Jose is forecasting project time and cost for constructing a new building by multiplying the total square footage by a given dollar amount. Which of the following methods is he using?
Answer
Ratio
Template
Apportion
Function point
Learning curve
Question 12
The accuracy of top-down estimates will typically be in the range of
Answer
Minus 50% to plus 50%
Minus 0% to plus 75%
Minus 20% to plus 60%
Minus 35% to plus 35%
Minus 10% to plus 30%
Question 13
Design flaws being revealed after the fact, extreme weather conditions, and accidents occurring are examples of:
Answer
Hidden interaction costs
Things going wrong on a project
Normal conditions not applying
Changes in project scope
Question 14
Project costs are typically viewed from all of the following except:
Answer
Scheduled
Sunk
Actual
Committed
Question 15
Learning curves are more likely to apply in situations where most of the costs are
Answer
Materials
Labor
Overhead
Evenly spread over materials, labor, and overhead
Question 16
The accuracy of bottom-up estimates will typically be in the range of
Answer
Minus 50% to plus 50%
Minus 0% to plus 75%
Minus 20% to plus 60%
Minus 35% to plus 35%
Minus 10% to plus 30%
Question 17
People working on prototype development needing time to interact with the design engineers after the design is completed is an example of:
Answer
Hidden interaction costs
Things going wrong on a project
Normal conditions not applying
Changes in project scope
Question 18
Which of the following can help a project manager to digest, clarify, and understand the factors leading to the selection of a specific project?
Answer
Risk matrix
Priority matrix
Responsibility matrix
Gantt chart
Contingency matrix
Question 19
Culture is a concept that encompasses all of the following except:
Answer
Shared norms
Beliefs
Values
Economic level
Customs
Question 20
Needs for a project could include telecommunications, transportation, power, and availability of technically skilled talent. This is an example of which of the following environmental factors?
Answer
Geographic
Infrastructure
Economic
Legal/political
Cultural
Question 21
Concern about the local restrictions on toxic waste is classified as which of the following environmental factors?
Answer
Economic
Geographic
Legal/political
Infrastructure
Culture
Question 22
An information systems specialist reported that his performance on a project in Northern Sweden declined due to sleep deprivation during the summer months in which there was 20 hours of daylight each day. This is an example of which of the following environmental factors?
Answer
Cultural
Legal/political
Geographic
Economic
Infrastructure
Question 23
If a construction company in Dallas builds a bridge in Houston, the project would be classified as
Answer
Global
Overseas
Local
Domestic
Foreign
Question 24
As a response to the events of September 11, 2001, the moving of personnel, materials, and equipment across international borders has created border congestion with increased costs and time. This is an example of which of the following environmental factors?
Answer
Cultural
Infrastructure
Geographic
Security
Legal/political
Question 25
If IBM built a computer system for Outback Barbie Inc. (based in Australia) at their corporate headquarters in Sydney, the project would be classified as
Answer
Global
Overseas
Local
Domestic
Foreig
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- ANSWER
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