CHAPTER 1

1
An example of an intangible asset is
a utility
a fixture
a tool
goodwill
A
goodwill
2
Q
Effective project managers have the following characteristic:
knowledge
performance
personal commitment
all of the above
A
all of the above
3
Q
Organizations manage their ______ to maximize value, based on
specific goals.
projects
portfolio
programs
schedules
A
portfolio
4
Q
______ involve a group of related projects coordinated and
managed to obtain greater control.
Operations
Portfolios
Programs
Schedules
A
Programs
5
Q
Project management includes the processes of initiating, planning,
identifying and executing.
scoping and controlling.
executing and process.
monitoring and controlling
A
monitoring and controlling
6
Q
Strategic considerations that are typically required before a project
is authorized include
market demand for the project.
creation of a unique product or service
organizational need.
all of the above
A
all of the above
7
Q
Competing constraints include
Schedule
Budget
Resources
All of the above
A
All of the above
8
Q
During the planning phase, auditors review processes and
procedures and help control how they are implemented. Project
______ can have unforeseen effects on timely completion.
results
risks
ethics
approach
A
risks
9
Q
What is the primary objective of an operation?
To sustain the business.
To reach and terminate at its end goal.
To construct a facility.
To develop a product.
A
To sustain the business.
10
Q
A characteristic of an operation that is NOT a characteristic of a
project is
who performs the task.
resource constraints.
it is planned and controlled.
it is ongoing and repetitive
A
it is ongoing and repetitive
11
Q
_______ are organized activities that help achieve the
organization's strategic plan
Plans
Projects
Programs
Operations
A
Projects
12
Q
All of the following are examples of a project EXCEPT
r&d.
a public works contract.
operation of an automated accounting system.
a 2020 hybrid car model.
A
operation of an automated accounting system
13
Q
Project Quality Management ensures
contracts are effectively resourced and administered.
effective project monitoring and control.
efficient preliminary planning and development of strategic
operations
the project satisfies its objectives.
A
the project satisfies its objectives.
14
Q
What area of project management is concerned with organizing and
managing the project team?
Project Integration management
Project Communications management
Project Resource management.
Project Scope management.
A
Project Resource management.
15
Q
What area of project management is concerned with timely
completion of the project?
Project Schedule management.
Project Cost management.
Project Scope management.
Project Integration management.
A
Project Schedule management.
16
Q
The project manager is assigned to
support core business
achieve project objectives
develop matrices
all of the above
A
achieve project objectives

CAPTER