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Project Management Quiz-1

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1.
2 points
One method for selecting projects based on broad organizational needs is to determine whether they first meet three important criteria: need, __________, and will.
2.
2 points
If changes to the project objectives or plans are required, __________ processes ensure that these changes are made efficiently and effectively to meet stakeholder needs and expectations.
3.
2 points
You can determine a project's __________ by finding what discount rate results in an NPV of zero for the project.
4.
2 points
Which of the following is an output of the monitoring and controlling processes?
5.
2 points
Archiving project files, documenting lessons learned, and receiving formal acceptance of the delivered work as part of the phase or project are all activities often involved in which project management process group?
6.
2 points
A(n) __________ describes how things should be done, and different organizations often have different ways of doing things.
7.
2 points
Project _________ management involves coordinating all of the other project management knowledge areas throughout a project's life cycle
8.
2 points
Which of the following describes benefits minus costs or income minus expenses?
9.
2 points
Which of the following main processes of integration management involves further work with stakeholders, especially users of the project's products, services, or results, to develop the high-level scope requirements?
10.
2 points
The level of activity and length of each process group varies for every project. Normally, the __________ processes require the most resources and time, followed by the planning processes.
11.
2 points
After top management decides on which projects to pursue, it needs to create and distribute documentation to authorize project initiation. This documentation can take many forms, but one common form is the _________.
12.
2 points
Which of the following is a common output of the closing process?
13.
2 points
The __________ processes are usually the shortest and require the least amount of resources and time.
14.
2 points
__________ management involves identifying and managing the points of interaction between various elements of the project.
15.
2 points
The majority of project management processes occur as part of the __________ process group.
16.
2 points
In net present value (NPV) analysis, the __________ is a multiplier for each year based on the discount rate and year.
17.
2 points
A business case often includes which of the following?
18.
2 points
__________ involves identifying, evaluating, and managing changes throughout the project life cycle.
19.
2 points
Which of the following main processes of integration management involves carrying out the project management plan by performing the activities included in it?
20.
2 points
It is often easier to get approval and funding for projects that address __________ because the organization must respond to these categories of projects to avoid hurting their business.
21.
2 points
An organization may initiate information technology projects for several reasons, but the most important reason is to __________.
22.
2 points
After identifying strategic goals, the next step in the planning process for selecting information technology projects is to perform a(n) __________.
23.
2 points
Since a(n) __________ often includes sensitive information, it should not be part of the overall project plan, which would be available for all stakeholders to review.
24.
2 points
Which of the following is a common output of the planning process?
25.
2 points
A common __________ process is performance reporting, where project stakeholders can identify any necessary changes that may be required to keep the project on track.
26.
2 points
The __________ process involves gaining stakeholder and customer acceptance of the final products and services and bringing the project, or project phase, to an orderly end.
27.
2 points
A(n) __________ is a methodology that converts an organization's value drivers, such as customer service, innovation, operational efficiency, and financial performance, to a series of defined metrics.
28.
2 points
An organization should consider only projects with a positive __________ if financial value is a key criterion for project selection.
29.
2 points
Which of the following is an output of project initiation?
30.
2 points
__________ processes take place during each phase of a project. Therefore, you cannot equate process groups with project phases.
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