1

In the _ stage of the project life cycle, a major portion of the physical project work

(1 Point)

executing

planning

identifying

defining

closing

performed.

2
The highest element in the hierarchical breakdown of the WBS is _.

(1 Point)
Enter your answer: the project
3
_ is an outline of the project with different levels of deliverables.

(1 Point)
Enter your answer: Work breakdown structure, WBS
4
Which of the following is a good condition for top-down estimating?

(1 Point)

Cost and time important

Internal, small project

Customer wants details

Fixed price contract

Large scale project involving several sub-contractors

5
Which of the following statements is true?

(1 Point)

Project management is being used at a consistent percentage of a firm’s efforts

Project management is far from a standard way of doing business

Project management is a specialty that few organizations have access to

Project management is increasingly contributing to achieving organizational

strategies
6
The _ financial model measures the current value of all cash inflows using management’s
minimum desired rate of return.

(1 Point)

NPV

ARR

FUBAR

IRB

IRS
7
The given table shows evaluation of three projects A, B, and C. These projects are
evaluated using _ model.

(1 Point)

Enter your answer

8
One of the primary jobs of a project manager is to manage the trade-offs among _, _, and _.

(3 Points)
Enter your answer: cost, time, performance
9
Which of the following is NOT true about an organization’s strategy?

(1 Point)

Only top management must understand strategy

Strategy determines how an organization will compete

Strategy is implemented through projects

Project selection should be clearly aligned to strategy

Project management plays a key role in supporting strategy
10
The process of forecasting or approximating the time and cost of completing project
deliverables is called _.

(1 Point)
Enter your answer: estimating
11
Which are the three different matrix systems discussed in the text?

(1 Point)

Weak, Strong, Balanced

Functional, Weak, Strong

Balanced, Functional, Projectized

Neutral, Weak, Strong

Functional, Neutral, Projectized

12
The given table shows evaluation of three projects A, B, and C. The arthimetic expression
for weighted total of the project A is _

(3 Points)
Enter the full expression.

Enter your answer

13
The tendency for the project deliverables to expand over time—usually by changing
requirements, specifications, and priorities—is called _.

(1 Point)
Enter your answer: Scope creep
14
Which of the following is NOT true of project management structures?

(1 Point)

They provide a framework for launching and implementing projects

In selecting a management structure, the culture of the organization is not a huge

consideration
They appropriately balance the needs of both the parent organization and the project
Lam
Lam Nguyen
The project itself should be considered when determining which structure is best

They help determine who has most authority in regard to managing the project
15
Regardless of the criteria differences among different types of projects, the most important
criterion for project selection is _.

(1 Point)

How the project will balance risk within the project portfolio

Compliance

Non-financial

The project’s fit to the organization strategy

Profit
16
The _ typically passes sequentially through four stages: defining, planning, executing, and
delivering.

(1 Point)
Enter your answer: project life cycle
17
Which of the following is NOT considered to be a characteristic of a project?

(1 Point)

For internal use only

Something never been done before

A clear beginning and end

An established objective

Specific time, cost and performance requirements

18
A _ is a significant event in a project that occurs at a point in time.

(1 Point)
Enter your answer: milestone
19
Since no single criterion can reflect strategic significance, portfolio management requires _
screening models.

(1 Point)
Use a comma to separate words/phrases for answer.
Enter your answer: multi, criteria
20
The nonfinancial models introduced in the textbook are _ models and _ models.

(2 Points)
Use a comma to separate words/phrases for answer.
Enter your answer: checklist, multi-weighted scoring
21
The given table shows evaluation of three projects A, B, and C. The weighted total of the
project A is _

(1 Point)
Enter the value.

Enter your answer

22
A project team that operates with a full-time project manager as a separate unit from the rest
of the organization is structured using _ organization.

(1 Point)

functional

projectized

balanced matrix

weak matrix

strong matrix
23
In reviewing the project plan, Susan sees that the first prototype must be completed by
October 12. This would be best classified as a _.

(1 Point)

milestone
project target

limit item

project objective

critical goal
24
_ scoring models result in bringing projects to closer alignment with strategic goals.

(1 Point)
Enter your answer: weighted
25
_ are the expected, measurable outputs over the life of the project.

(1 Point)
Enter your answer: deliverables
26
The given table shows evaluation of three projects A, B, and C. The weighted total of the
project C is _

(1 Point)
Enter the value.

Enter your answer

27
The given table shows evaluation of two projects A and B using payback method. What is
payback period of the project A?

(1 Point)
Enter the value.

Enter your answer

28
The given table shows evaluation of two projects A and B using NPV. What is the initial
investment of the project A?
(1 Point)
Enter the value.

Enter your answer

29
When considering the following activities, which is the best example of a project?

(1 Point)

Producing automobiles

Overseeing customer requests

Writing a policy manual

Monitoring product quality

Processing insurance claims

30
There are 5 steps involved when defining a project, which of the following is the first?
(2 Points)
Enter your answer: Define the project scope
31
The given table shows evaluation of two projects A and B using payback method. What is
payback period of the project B?
(1 Point)
Enter the value.

Enter your answer

32
A _ is a temporary endeavor undertaken to create a unique product, service, or result.

(1 Point)
Enter your answer: project
33
The given table shows evaluation of two projects A and B using payback method. The
arthmetic expression for payback period of the project B is _.

(1 Point)
Enter the full expression.

Enter your answer

34
The given table shows evaluation of two projects A and B using NPV. What is the initial
investment of the project B?
(1 Point)
Enter the value.

Enter your answer

35
The given table shows evaluation of two projects A and B using payback method. The
arthmetic expression for payback period of the project A is _.

(2 Points)
Enter the full expression.

Enter your answer

36
The _ answers the questions of what, when, how much, and at times, where in order to meet
your customer’s need(s).

(1 Point)
Enter your answer: objective
37
Which of the following is a good example of a program?

(1 Point)

Taking notes each class meeting to prepare for the final

Planning a wedding

Developing a new residential area that includes six custom homes

Planting a garden

Developing a new marketing plan

38
The given table shows evaluation of two projects A and B using payback method. Which
project should be selected based on the given table? Explain.

(1 Point)

Enter your answer

39
The given table shows evaluation of three projects A, B, and C. The weighted total of the
project B is _

(1 Point)
Enter the value.

Enter your answer

40
The given table shows evaluation of three projects A, B, and C. Among the given criteria, the
criteria that are the least important to the organization's objectives and strategic plan are _
and _.

(2 Points)

Enter your answer

41
The given table shows evaluation of three projects A, B, and C. The arthimetic expression
for weighted total of the project C is _

(3 Points)
Enter the full expression.

Enter your answer

42
The financial models introduced in the textbook are _ model and _ model.

(2 Points)
Use a comma to separate words/phrases for answer.
Enter your answer: payback, net present value
43
The given table shows evaluation of three projects A, B, and C. Among the given criteria, the
criterion that is the most important to the organization's objectives and strategic plan is _

(1 Point)

Enter your answer

44
Companies are using which of the following for improving the estimating process for future
projects?

(1 Point)

Creating historical databases of previous projects

Benchmarking and using the experience of other companies

Establishing an estimating training course for all employees

Adjusting estimates based on individual forecasting abilities

Using time and motion studies

45
A _ is a group of related projects designed to accomplish a common goal over an extended
period of time.

(1 Point)
Enter your answer: program
46
_ typically clarify either the deliverables or define the performance specifications.

(1 Point)
Enter your answer: technical requirements
47
The given table shows evaluation of two projects A and B using NPV. What is the annual
inflows of the project A?

(1 Point)
Enter the value.

Enter your answer

48
Which of the following is NOT true about project management?

(1 Point)

Many opportunities are available for individuals interested in this career path

It is not limited to the private sector

It improves one’s ability to plan, implement and manage activities to accomplish specific
organizational objectives

It focuses primarily on technical processes

It is a set of tools
49
In the _ stage of the project life cycle, project objectives are established, teams are formed,
and major responsibilities are assigned.

(1 Point)

closing

planning

executing

defining

identifying
50
A good starting point for developing time and cost estimates is _.

(1 Point)

time and motion studies

work breakdown structure

work packages

task analysis

past experience
51
The salary of the project manager would be an example of what type of cost found in a
project?

(1 Point)

General and administrative overhead

Direct project overhead

Direct

Labor
52
The given table shows evaluation of two projects A and B using NPV. What is the required
rate of return?

(1 Point)

Enter your answer

53
The lowest level of the work breakdown structure is _.

(1 Point)
Enter your answer: work package
54
Which of the three projects A, B, and C should be selected based on the given table?
Explain.

(3 Points)

Enter your answer

55
How is project scope defined: What you expect to deliver to your customer when the
project is complete

(2 Points)
Enter your answer
56
The given table shows evaluation of two projects A and B using NPV. Which project should
be selected based on the given table? Explain.

(1 Point)

Enter your answer