BUS 517/BUS 517 FINAL EXAM PART 1 (ALL CORRECT) - 89662

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Question 1 In which of the following stages is it determined what the project will entail, when it will be scheduled, whom it will benefit, and what the budget will be? A. Conceptualizing B. Defining C. Planning D. Executing E. Delivering Question 2 Which of the following is the first step in developing a set of strategies designed to best meet the needs of customers? A. Market Research B. Define the Integrated Project Management System C. Environmental Analysis D. Project Selection E. All of the above are correct Question 3 Which of the following activities is not considered a project? A. Developing a new software program B. Designing a space station C. Preparing the site for the Olympic Games D. Production of automobile tires E. Developing a new advertising program Question 4 Project management is ideally suited for a business environment requiring all of the following except A. Accountability B. Flexibility C. Innovation D. Speed E. Repeatability Question 5 Which of these is not part of the "technical dimension" of project management? A. WBS B. Budgets C. Problem solving D. Schedules E. Status reports Question 6 In which of the following stages is a major portion of the physical and mental project work performed? A. Conceptualizing B. Defining C. Planning D. Executing E. Delivering Question 7 Which of the following would not be classified as an organizational threat? A. Slowing of the economy B. A maturing life cycle C. Poor product quality D. Government regulations E. All of these are organizational threats Question 8 Which of the following is not one of the classifications for assessing a project portfolio? A. Sacred cow B. Bread-and-butter C. Pearls D. Oysters E. White elephants Question 9 Which of the follow is not one of the commonly heard comments of project managers? A. Where did this project come from? B. Why are we doing this project? C. How can all these projects be first priority? D. Why is this project so strongly linked to the strategic plan? E. Where are we going to get the resources to do this project? Question 10 Which of the following terms is often used to denote a project that a powerful, high-ranking official is advocating? A. Sacred cow B. Pet project C. Political necessity D. Special undertaking E. Strategic ploy Question 11 Projects are usually classified into all but one of the following categories. Which one is not one of the typical classifications? A. Compliance and emergency B. Operational C. Strategic D. Political necessity E. All of these are typical classifications Question 12 The assessment of the external and internal environments is called _______ analysis. A. SWOT analysis B. Competitive C. Industry D. Market E. Strategic Question 13 Which of the following cultural characteristics relates to the degree to which work activities are organized around groups rather than individuals? A. Member identity B. Team emphasis C. Managerial focus D. Unit integration E. Control Question 14 Which of the following combinations represents the extremes of project organization? A. Strong matrix and balanced matrix organizations B. Functional and dedicated project teams C. Project and balanced matrix organizations D. Project and strong matrix organizations E. Strong matrix and functional organizations Question 15 Matrix management violates the management principle of A. Span of control B. Unity of command C. Parity principle D. Empowerment E. All of these management principles Question 16 Organizational culture is best explained as organizational A. Personality B. Hierarchy C. Reporting relationships D. Background E. Management style Question 17 Kim is reviewing a proposed project. The scope of the project is narrow with a lot of in-depth expertise required and it will take a short period of time to complete. The best choice for organizing the project is ________ organization. A. Functional B. Balanced matrix C. Weak matrix D. Strong matrix E. Project Question 18 The project structure that is ranked as most effective for developing new products is ______ organization. A. Functional B. Balanced matrix C. Weak matrix D. Strong matrix E. Project Question 19 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. A. Functional B. Balanced matrix C. Weak matrix D. Strong matrix E. Project Question 20 The method used to collect information to use through all phases of the project life cycle is called A. Responsibility matrix B. Organization breakdown structure C. Work breakdown structure D. Priority matrix E. Work package Question 21 Which of the following is not one of the basic classifications of project priorities? A. Profit B. Cost C. Time D. Performance E. All of these are basic classifications Question 22 The second step in the defining of a project would be to A. Analyze the strategic plan B. Analyze the current budget plan C. Establish project priorities D. Select team members E. Define the major objectives to meet the customer's needs Question 23 The tool used to assist in making project trade-offs between schedule, budget, and performance objectives is called a A. Responsibility matrix B. Work breakdown structure C. Project priority matrix D. Work package E. Criterion matrix Question 24 The Snapshot from Practice dealing with Big Bertha II illustrated how important a project's __________ is to the successful completion of a project. A. Objective B. Deliverables C. Technical requirements D. Milestones E. Limits and exclusions Question 25 The tendency for the project deliverables to expand over time—usually by changing requirements, specifications, and priorities—is called: A. Scope erosion B. Scope creep C. Project bloat D. Scope enhancement E. Project add-ons
Solution Description

Question 1
In which of the following stages is it determined what the project will entail, when it will be scheduled, whom it will benefit, and what the budget will be?
A. Conceptualizing
B. Defining
C. Planning
D. Executing
E. Delivering
Question 2
Which of the following is the first step in developing a set of strategies designed to best meet the needs of customers?
A. Market Research
B. Define the Integrated Project Management System
C. Environmental Analysis
D. Project Selection
E. All of the above are correct
Question 3
Which of the following activities is not considered a project?
A. Developing a new software program
B. Designing a space station
C. Preparing the site for the Olympic Games
D. Production of automobile tires
E. Developing a new advertising program
Question 4
Project management is ideally suited for a business environment requiring all of the following except
A. Accountability
B. Flexibility
C. Innovation
D. Speed
E. Repeatability
Question 5
Which of these is not part of the "technical dimension" of project management?
A. WBS
B. Budgets
C. Problem solving
D. Schedules
E. Status reports
Question 6

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