Bus517 Midterm Exam Part 1 & 2

PART 1Question 1The advent of project management has been most profound inAnswerAutomobile manufacturingConstructionInformation technologyThe U.S. Department of DefenseFilm makingQuestion 2Which of the following is the number one characteristic that is looked for in management candidates?AnswerOverall intelligenceWorks well with othersExperiencePast successesGood referenceQuestion 3In which of the following stages are project objectives established, teams formed, and major responsibilities assigned?AnswerConceptualizingDefiningPlanningExecutingDeliveringQuestion 4Project management is ideally suited for a business environment requiring all of the following exceptAnswerAccountabilityFlexibilityInnovationSpeedRepeatability Question 5A 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 ofAnswer 1020334550Question 6Which of these is not part of the “technical dimension” of project management?AnswerWBSBudgetsProblem solvingSchedulesStatus reportsQuestion 7From among the following activities, which is the best example of a project?AnswerProcessing insurance claimsProducing automobilesWriting a term paperCompleting a college degree All of these are good examples of projectsQuestion 8Which of the following activities is not considered a project?AnswerDeveloping a new software programDesigning a space stationPreparing the site for the Olympic GamesProduction of automobile tiresDeveloping a new advertising programQuestion 9Project selection criteria are typically classified as:AnswerFinancial and non-financialShort-term and long-termStrategic and tacticalRequired and optionalCost and scheduleQuestion 10 Which of the following is not one of the characteristics of effective objectives?AnswerRealisticAssignableFlexibleSpecificMeasurable 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 experiencingAnswerPoor schedulingExcess work burdenFlexible taskingMultitasking Burnout Question 12 Which of the following would not be classified as an organizational opportunity?AnswerIncreasing product demandExcellent employeesEmerging marketsDemographics Question 13 A project screening matrix typically contains all of the following except:AnswerThe list of available projectsSpecific criteriaWeights assigned to specific criteriaCosts to complete each projectQuestion 14 In the Snapshot from Practice, Intel’s CEO has concentrated Intel’s strategy toward?AnswerCreating chips to support the digital device marketEliminating AMD as a competitorStrengthening Intel’s position in the PC marketExpanding Intel’s international marketExpand efforts in the mainframe computer marketQuestion 15 A major project proposal form will likely include all of the following except:AnswerProject ClassificationSchedule objectiveMajor deliverables of the projectHow success will be measuredQuestion 16 Projects are usually classified into all but one of the following categories. Which one is not one of the typical classifications?AnswerCompliance and emergencyOperationalStrategicPolitical necessityQuestion 17 Who is responsible for determining what tasks have to be done in a matrix project management structure?AnswerThe functional managerThe project managerBoth are responsibleThis is no pattern of who takes responsibilityQuestion 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.AnswerFunctionalBalanced matrixWeak matrixStrong matrixProject Question 19 The project manager has the responsibility to answer which of the following questions?AnswerWhat 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.AnswerFunctionalBalanced matrixWeak matrixStrong matrixProject Question 21 A good project management system provides for defining the interface between the project team and the organization in all the following areas exceptAnswerAuthorityAllocation of resourcesDevelopment of project team membersIntegration of the project into the organizationQuestion 22 _________ organization is a hybrid form in which a horizontal project management structure is overlaid in the normal functional hierarchy.AnswerFunctionalMatrixProjectBalanced Question 23 The Macintosh development team at Apple is a good example of what kind of project structure?AnswerProjectBalanced MatrixProject MatrixFunctional MatrixFunctional Question 24 Organizational culture is best explained as organizationalAnswerPersonalityHierarchyReporting relationshipsBackgroundManagement styleQuestion 25 From the list below, which is not a primary characteristic of organization culture?AnswerControlTeam emphasisHistoryConflict toleranceRisk tolerance Part 2Question 1The 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:AnswerProject objectivesDeliverablesLimits and exclusionsTechnical requirementsMilestonesQuestion 2If a project criterion indicates that the project must meet a specific date, that criterion is classified asAnswerConstrainedEnhancedAcceptedLimitedFixedQuestion 3Scott 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 asAnswerConstrainEnhanceAcceptLimitOptionalQuestion 4If a project is small or of narrow scope and does not require an elaborate system, which of the following is a good choice?AnswerResponsibility matrixOrganization breakdown structureWork breakdown structurePriority matrixProcess breakdown structureQuestion 5The ability of 911 emergency systems to identify the caller’s phone number and location are considered to be aAnswerTechnical requirementMilestoneProject limitProject exclusionProject deliverableQuestion 6Which of the following is not one of the basic classifications of project priorities?AnswerProfitCostTimePerformanceQuestion 7The tendency for the project deliverables to expand over time—usually by changing requirements, specifications, and priorities—is called:AnswerScope erosionScope creepProject bloatScope enhancementProject add-onsQuestion 8The final step in the creation of a Work Breakdown Structure is toAnswerCode the WBS for trackingAssign the cost account to a managerAssign the work package to a managerDevelop the responsibility matrixQuestion 9The process of forecasting or approximating the time and cost of completing project deliverables is calledAnswerBudgetingPredictingEstimatingPlanningGuesstimatingQuestion 10Ed 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?AnswerPadding estimatesPlanning horizonProject structurePeopleOrganization cultureQuestion 11Jose 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?AnswerRatioTemplateApportionFunction pointLearning curveQuestion 12The accuracy of top-down estimates will typically be in the range ofAnswerMinus 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 13Design flaws being revealed after the fact, extreme weather conditions, and accidents occurring are examples of:AnswerHidden interaction costsThings going wrong on a projectNormal conditions not applyingChanges in project scopeQuestion 14Project costs are typically viewed from all of the following except:AnswerScheduledSunkActualCommittedQuestion 15Learning curves are more likely to apply in situations where most of the costs areAnswerMaterialsLaborOverheadEvenly spread over materials, labor, and overheadQuestion 16The accuracy of bottom-up estimates will typically be in the range ofAnswerMinus 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 17People working on prototype development needing time to interact with the design engineers after the design is completed is an example of:AnswerHidden interaction costsThings going wrong on a projectNormal conditions not applyingChanges in project scopeQuestion 18Which of the following can help a project manager to digest, clarify, and understand the factors leading to the selection of a specific project?AnswerRisk matrixPriority matrixResponsibility matrixGantt chartContingency matrixQuestion 19 Culture is a concept that encompasses all of the following except:AnswerShared normsBeliefsValuesEconomic levelCustomsQuestion 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?AnswerGeographicInfrastructureEconomicLegal/politicalCulturalQuestion 21 Concern about the local restrictions on toxic waste is classified as which of the following environmental factors?AnswerEconomicGeographicLegal/politicalInfrastructureCultureQuestion 22An 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?AnswerCulturalLegal/politicalGeographicEconomicInfrastructureQuestion 23If a construction company in Dallas builds a bridge in Houston, the project would be classified asAnswerGlobalOverseasLocalDomesticForeignQuestion 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?AnswerCulturalInfrastructureGeographicSecurityLegal/politicalQuestion 25If IBM built a computer system for Outback Barbie Inc. (based in Australia) at their corporate headquarters in Sydney, the project would be classified asAnswerGlobalOverseasLocalDomesticForeig