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BUS 517 FINAL EXAM PART 1 / BUS 517 FINAL EXAM PART 1

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

ANSWER

1. Planning

2. Environmental Analysis

3. Production of automobile tires

4. Repeatability

5. Problem solving

6. Executing

7. Poor product quality

8. Sacred cow

9. Why is this project so strongly linked to the strategic plan?

10. Sacred cow

11. Political necessity

12. SWOT analysis

13. Member identity

14. Functional and dedicated project teams

15. Unity of command

16. Personality

17. Functional

18. Project

19. Project

20. Work breakdown structure

21. Profit

22. Establish project priorities

23. Project priority matrix

24. Technical requirements

25. Scope creep

BUS 517 FINAL EXAM PART 2

1) The cost to prepare bottom-up estimates will typically run how much more than the costs to prepare the top-down estimates? 

A. About the same

B. About twice as much

C. About three times as much

D. About four times as much

E. About five times as much

2) Resource shortages, in the form of people, equipment, or materials, is a good example of 

A. Hidden interaction costs

B. Things going wrong on a project

C. Normal conditions not applying

D. Changes in project scope

E. None of these are correct

3) The accuracy of top-down estimates will typically be in the range of 

A. Minus 50% to plus 50%

B. Minus 0% to plus 75%

C. Minus 20% to plus 60%

D. Minus 35% to plus 35%

E. Minus 10% to plus 30%

4) Design flaws being revealed after the fact, extreme weather conditions, and accidents occurring are examples of: 

A. Hidden interaction costs

B. Things going wrong on a project

C. Normal conditions not applying

D. Changes in project scope

E. None of these are correct

5) In practice, estimating processes are frequently classified as 

A. Top down/bottom up

B. Rough/polished

C. Precise/order of magnitude

D. Draft/final

E. Both A and B are correct

6) Which of the following is a good condition for top-down estimating? 

A. Cost and time important

B. Fixed price contract

C. Customer wants details

D. Internal, small project

E. All of these are good conditions for top-down estimating

7) Janet is forecasting how much money her department needs to support a new project. She estimates that two people and $25,000 in expenses will cover her needs. Because management typically insists on reducing forecasts by 20 percent, she increases her estimates to allow for that reduction. Which of the following factors is illustrated in this situation? 

A. Padding estimates

B. Planning horizon

C. Project structure

D. People

E. Organization culture

8) A/an _________ activity has more than one dependency arrow flowing from it. 

A. Parallel

B. Critical path

C. Burst

D. Merge

E. Independent

9) ________ activities are to be completed immediately following a particular activity. 

A. Merge

B. Burst

C. Predecessor

D. Successor

E. Critical

10) When translated into a project network, a work package will become 

A. A single activity

B. One or more activities

C. A milestone

D. A critical path

E. An arrow

11) Activities which can take place at the same time are termed 

A. Parallel activity

B. Critical path

C. Burst activity

D. Merge activity

E. Independent activity

12) The minimum amount of time a dependent activity must be delayed to begin or end is referred to as: 

A. Hammock

B. Laddering

C. Lag

D. Cushion

E. Buffer

13) The minimum amount of time a dependent activity must be delayed to begin or end is referred to as: 

A. Hammock

B. Laddering

C. Lag

D. Cushion

E. Buffer

14) Which of the following is not one of the steps in the risk management process? 

A. Risk response development

B. Risk assessment

C. Risk identification

D. Risk tracking

E. Risk response control

15) One of the keys to success in risk identification is 

A. Critical thinking

B. Optimism

C. Pessimism

D. A “can do” attitude

E. All of these are correct

16) The 1999 NASA Mars Climate Orbiter is an example of 

A. Disaster avoidance through proactive risk management

B. Murphy’s Law

C. Proper use of critical thinking

D. Mismanaged risk control

E. Using historical records to assess risk

17) A list of questions that address traditional areas of uncertainty on a project is termed a risk 

A. Risk profile

B. Questionnaire

C. Research

D. Query

E. Checklist

18) One common mistake made early in the risk identification process is to 

A. Not all possibilities are considered

B. Participants are over-optimistic

C. Participants are over-pessimistic

D. Focus on objectives and not on the events that could produce consequences.

E. Too much attention is given to past events

19) In the beginning the focus of risk management should be on risks that 

A. Impact the whole project

B. Impact the critical path

C. Are known

D. Have the greatest cost impact

E. Have the greatest schedule impact

20) More common problems associated with managing multiproject resources include all of the following except 

A. Inefficient resource utilization

B. Delays in one project cause delays in other projects

C. Reducing “downtime” created by lack of tasks to perform

D. Resource bottlenecks

E. All of these are common problems

21) Which of the following is not one of the types of project constraints? 

A. Physical

B. Technical

C. Resource

D. Time

E. All of these are types of project constraints

22) In a resource-constrained project, the first priority in assigning resources is usually given to activities with the 

A. Smallest duration

B. Least slack

C. Most slack

D. Lowest identification number

E. Highest cost

23) . If resources are not adequate to meet peak demands, the resulting reschedule is termed 

A. Resource-constrained scheduling

B. Time-constrained scheduling

C. Mandatory leveling

D. Project resource adjustment

E. Allocation

24) Susan is to conduct environmental testing but the chamber cannot hold all the equipment that she wants to test. This is an example of a _________ constraint. 

A. Physical

B. Technical

C. Resource

D. Scheduling

E. Time

25) . In a resource-constrained project the third priority in assigning resources is usually given to activities with the 

A. Smallest duration

B. Least slack

C. Most slack

D. Lowest identification number

E. Highest cost

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