Bus517 Midterm Exam Part 1& 2 (100% Answer) - 92674

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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 Foreign
Solution Description

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

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