Project Management Fundamentals Exam Solutions - 1066 Verified Questions

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Project Management Fundamentals

Exam Solutions

Course Introduction

Project Management Fundamentals provides a comprehensive introduction to the principles, methodologies, and tools essential for effective project management across various industries. The course covers key topics such as project initiation, planning, execution, monitoring, and closure, with a focus on defining project scope, scheduling, budgeting, and risk management. Students will learn to apply best practices in resource allocation, stakeholder communication, and team collaboration. By analyzing real-world case studies and completing practical assignments, students develop the foundational skills necessary to successfully manage projects from conception to completion.

Recommended Textbook Information Technology Project Management 9th Edition by Kathy Schwalbe

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13 Chapters

1066 Verified Questions

1066 Flashcards

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Chapter 1: Introduction to Project Management

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Sample Questions

Q1) In which of the following areas of management is payback analysis most likely to be used?

A) Resource

B) Communication

C) Cost

D) Quality

Answer: C

Q2) Martha works as a project manager at a bank. Due to certain changes in external factors, Martha needs to make a few alterations in the tactical goals of her project. In such a scenario, which of the following will best help Martha cope with the change?

A) Negotiation

B) Project environment knowledge

C) Motivation

D) Soft skills

Answer: B

Q3) The question, "What is the project's schedule?" is an example of a(n) _____ constraint.

Answer: time

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Chapter 2: The Project Management Information Technology Context

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Sample Questions

Q1) _____ refers to the degree to which rules, policies, and direct supervision are used to oversee employee behavior.

Answer: Control

Q2) The three spheres of systems management are business, organization, and _____.

Answer: technology

Q3) In organizational culture, what does people focus refer to?

A) The degree to which the organization monitors and responds to changes in the external environment

B) The degree to which rules, policies, and direct supervision are used to oversee and control employee behavior

C) The degree to which management's decisions take into account the effect of outcomes on employees within the organization

D) The degree to which employees are encouraged to be aggressive, innovative, and risk seeking

Answer: C

Q4) The _____ life cycle model is suitable for projects in which changes can be incorporated with reasonable cost increases or acceptable time delays.

Answer: spiral

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Chapter 3: The Project Management Process Groups

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Sample Questions

Q1) Agile methods are used when deliverables have a low degree of change.

A)True

B)False

Answer: False

Q2) What is the main purpose of project plans?

A) schedule management plans

B) define project scope

C) estimate activity resources

D) guide project execution

Answer: D

Q3) A(n) _____ is the person responsible for the business value of the project and for deciding what work to do and in what order when using a Scrum method.

Answer: product owner

Q4) A(n) _____ is a Scrum artifact and consists of the highest-priority items from the product backlog to be completed in a sprint.

Answer: sprint backlog

Q5) A(n)_____ is a series of actions directed toward a particular result.

Answer: process

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Chapter 4: Project Integration Management

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Sample Questions

Q1) What is the majority of time on a project is usually spent on?

A) execution

B) planning

C) closing

D) monitoring and controlling

Q2) In project integration management, project ______ and _______ are intertwined and inseparable activities.

Q3) What are new requirements imposed by management, government, or some external influence referred to as?

A) Opportunities

B) Charters

C) Problems

D) Directives

Q4) A(n) _____ involves analyzing a company's strengths, weaknesses, opportunities, and threats, and is used to aid in strategic planning.

Q5) _____ analysis is a method of calculating the expected net monetary gain or loss from a project by discounting all expected future cash inflows and outflows to the present point in time.

Q6) The _____ is the discount rate that results in an NPV of zero for a project.

Page 6

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Chapter 5: Project Scope Management

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Sample Questions

Q1) Which approach for constructing a WBS uses a similar project's WBS as a starting point?

A) top-down

B) bottom-up

C) mind-mapping

D) analogy

Q2) Which task is at the lowest level of the WBS?

A) variance

B) objective

C) deliverable

D) work package

Q3) Deliverables are only product-related, such as a piece of hardware or software.

A)True

B)False

Q4) When using project management software, estimates of work time should be entered only at the work package level; the rest of the WBS items are just groupings or _____ tasks.

Q5) The tasks in a WBS must be developed as a sequential list of steps. A)True

B)False

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Chapter 6: Project Schedule Management

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Sample Questions

Q1) What is a network diagram? Describe two network diagramming methods.

Q2) In project schedule management, what is the next step after defining project activities?

A) planning schedule management

B) determining their dependencies

C) controlling the schedule

D) estimating activity duration

Q3) Which dependencies involve relationships between project and non-project activities?

A) mandatory

B) discretionary

C) external

D) inherent

Q4) In project schedule management, the ultimate goal of which process is to provide a basis for monitoring project progress for the time dimension of the project?

A) defining activities

B) sequencing activities

C) developing a schedule

D) estimating activity resources

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Chapter 7: Project Cost Management

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Sample Questions

Q1) Which type of estimating uses project characteristics in a mathematical model to estimate project costs?

A) rough order of magnitude estimating

B) parametric

C) bottom-up

D) analogous

Q2) _____ costing helps to see a big-picture view of the cost of a project throughout its life cycle.

Q3) The additional percentage or dollar amount by which actual costs exceed estimates is known as a(n) _____.

Q4) Which statement is true of tangible costs?

A) They cannot be calculated in monetary terms.

B) They can be easily measured.

C) They are difficult to quantify.

D) Their examples include goodwill and prestige.

Q5) What is another term used for budget?

A) earned value

B) actual cost

C) indirect cost

D) planned value

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Chapter 8: Project Quality Management

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Sample Questions

Q1) What are the five phases in the DMAIC process? Briefly describe each one.

Q2) What term is used for a bell-shaped curve that is symmetrical regarding the average value of the population (the data being analyzed)?

A) skewed distribution

B) normal distribution

C) bimodal distribution

D) degenerate distribution

Q3) In the DMAIC process, the letter "C" stands for _____.

Q4) _____ is a measure of quality control equal to 1 fault in 1 million opportunities.

Q5) What are the three main outcomes of quality control? Briefly describe each.

Q6) Which testing involves an independent test performed by end users prior to accepting the delivered system?

A) integration

B) unit

C) user acceptance

D) system

Q7) The _____ model focuses on defining user requirements and planning software projects.

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Chapter 9: Project Resource Management

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Sample Questions

Q1) A(n) _____ is a specific type of organizational chart that shows which organizational units are responsible for which work items.

Q2) A RAM is used only to assign detailed work activities.

A)True

B)False

Q3) Which highly respected psychologist, rejected the dehumanizing negativism of psychology and proposed the hierarchy of needs theory?

A) Sigmund Freud

B) Abraham Maslow

C) Carl Jung

D) Philip Zimbardo

Q4) What are the five stages of team development according to the Tuckman model? Briefly describe each stage.

Q5) What is the first step in the framework for defining and assigning work?

A) defining how the work will be accomplished

B) breaking down the work into manageable elements

C) finalizing the project requirements

D) assigning work responsibilities

Q6) What are the five main types of power? Briefly describe each type.

Page 11

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Chapter 10: Project Communications Management

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Sample Questions

Q1) How do you determine the number of communications channels? How does the number of people involved in a project affect this value? How can project managers control this value?

Q2) A team has 10 communication channels between its various members. Using the formula for calculating the number of communication channels, it can be deduced that the team has _____ members.

A) 2

B) 3

C) 5

D) 10

Q3) Describe the concepts of informal methods for distributing information. How do they compare to formal methods for distributing information?

Q4) What is performance reporting? What are some methods used for performance reporting?

Q5) _____ often create consolidated progress reports based on the information received from team members.

Q6) Geographic location and cultural background have no impact on communications. A)True B)False

Page 12

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Chapter 11: Project Risk Management

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79 Flashcards

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Sample Questions

Q1) Identified risks may not materialize, or their probabilities of occurrence or loss may diminish.

A)True

B)False

Q2) Which is a fact-finding technique that can be used for collecting information in face-to-face, phone, e-mail, or instant-messaging discussions?

A) brainstorming

B) Monte Carlo analysis

C) the Delphi technique

D) interviewing

Q3) A project _____ is an uncertainty that can have a negative or positive effect on meeting project objectives.

Q4) The risk register can be created with a simple Microsoft Word or Excel file.

A)True

B)False

Q5) One main output of the _____ process is a risk register.

Q6) _____ are indicators or symptoms of actual risk events.

Q7) _____ is the product of a risk event probability and the risk event's monetary value.

Page 13

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Chapter 12: Project Procurement Management

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Sample Questions

Q1) The cost at which the contractor assumes total responsibility for each additional dollar of contract cost is known as a(n) _____.

Q2) A(n) _____ is a document prepared by a seller when there are different approaches for meeting buyer needs.

Q3) Buyers absorb lesser risk with cost-reimbursable contracts than they do with fixed-price contracts.

A)True

B)False

Q4) The fee in a CPFF contract constantly varies even when the scope of a contract remains the same.

A)True

B)False

Q5) Procurement statements of work are an output of the _____ process.

Q6) The process of source selection involves evaluating proposals from sellers, choosing the best one, negotiating, and awarding the _____.

Q7) A(n) _____ type of e-procurement that identifies new suppliers for a specific category of purchasing requirements using Internet technology.

Q8) List and briefly describe the main processes of project procurement management.

Page 14

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Chapter 13: Project Stakeholder Management

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Sample Questions

Q1) _____ can be perceived as enemies or allies by stakeholders depending on the outcomes of a project.

Q2) What must be the contents of the stakeholder management plan?

Q3) A(n) _____ stakeholder is one who is oblivious to a project and its potential impact.

Q4) You can create a(n) _____ to group stakeholders based on their level of authority (power) and their level of concern (interest) for project outcomes.

Q5) The stakeholder register is the output of the _____ stakeholders process of project stakeholder management.

A) identifying  B) planning C) executing D) monitoring

Q6) Project stakeholder management has only been identified as an entire knowledge area by the Project Management Institute since 2013.

A)True

B)False

Q7) Identify and describe the processes involved in project stakeholder management.

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