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Lecture 1: Overview
1. In todays market, which of the following industries appears to have a need for project management?
A. Aerospace & defense
B. Construction
C. Information systems
D. All industries have a need for project management
2. Which of the following is normally not one of the traditional components of the triple constraint?
A. Within time
B. Within cost
C. Within performance (Scope, technology or quality)
D. Accepted by the customer
3. Which of the following is a potential benefit of using project management?
A. Maximization of continuous reporting
B. No need for identification of functional responsibilities
C. Identification of time limits for scheduling
D. No need for a project management methodology
4. Which of the following functions of classical management is generally not performed by the project
manager?
A. Planning
B. Organizing
C. Staffing
D. Controlling
5. Which of the following is not an organizational stakeholder?
A. Executive officers
B. Unions
C. Employees
D. Customers
6. Which of the following is not a product/market stakeholder?
A. Creditors
B. Customers
C. Suppliers
D. Governments
7. Which of the following is not a capital market stakeholder?
A. Banks
B. Unions
C. Shareholders
D. Creditors
8. Which organizational structure generally retains team members long after they are needed?
A. Projectized
B. Strong matrix
C. Balanced matrix
D. Weak Matrix
9. In which organizational form do we usually have a sharing of authority and responsibility?
A. Traditional
B. Projectized
C. Line-staff
D. Matrix
10. Before becoming a project manager within a matrix organization, training should be provided in all of
the following except:
A. Matrix operations
B. Wage and salary administration
C. Problem-solving
D. Role definitions
8. Some companies assign employees to a project management position as a lateral transfer move without a
salary increase because:
A. The project is short term in nature
B. The project maybe cancelled
C. The employee must demonstrate performance first
D. The employee reports to a functional organization
9. Who determines grade level of the employee needed to accomplish a task?
A. Project sponsor
B. Project manager
C. Functional manager
D. A consensus vote during the projects kickoff meeting.
10. You have just been awarded a contract in which you told the customer that a certain employee would be
assigned full time on the project. Once the project begins, you discover that the employee is splitting
his time between two projects per the instructions of his functional manager. You should:
A. Do nothing
B. Determine the impact on the project and discuss it with the project sponsor
C. Determine the impact on the project and discuss it with the functional manager
D. Determine the impact on the project and discuss it with the customer
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8. Nominal work groups and the Delphi Techniques are used as part of which risk management process?
A. Risk identification
B. Risk assessment
C. Risk monitoring and control
D. Risk handling
9. Which of the following is not considered to be an insurable risk?
A. Direct property damage
B. Indirect consequential loss
C. Legal liability
D. Inflation
10. In which life cycle phase is the total project risk generally the least?
A. Initiation / Approval
B. Planning
C. Execution
D. Closure
11. Which risk handling mode is a project manager using if he / she throws out one of three designs for a
new product?
A. Acceptance / Assumption
B. Avoidance
C. Control / mitigation
D. Transfer
12. If a project manager believes in a reactive rather than proactive risk management approach, he / she is
using:
A. Acceptance / Assumption
B. Avoidance
C. Control / mitigation
D. Transfer
13. If a project manager believes in a proactive rather than reactive risk management approach, he / she is
using:
A. Acceptance / Assumption
B. Avoidance
C. Control / mitigation
D. Transfer
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