FA1

Question 1

Competing in a global market is influenced by

A. Rapid change

B. Innovation

C. Time to market

Group of answer choices

Only C is correct

Both A and C are correct

Both A and B are correct

All choices are correct

Answer 1

All choices are correct

Question 2

A ____ is a set of activities which are networked in an order and aimed towards achieving the
goals of a project.
Group of answer choices

Portfolio

Operations

Project

Process

Answer 2

Project

Question 3

A ______________ is a temporary endeavor undertaken to create a unique product, service, or
result.

Answer 3

PROJECT

Question 4

A project may be managed in six separate scenarios.
Group of answer choices

True

False

Answer 4

False

Question 5

From among the following activities, which is the best example of a project?
Group of answer choices

Completing a college degree

Producing automobiles

Processing insurance claims

Writing a term paper

Answer 5

Writing a term paper

Question 6

An area that is outside the scope of formal project management.

Answer 6

OPERATIONS MANAGEMENT

Question 7

Project management is becoming a standard way of doing business.
Group of answer choices

True

False

Answer 7

t

Question 8

Which of the following statements is true?

A. Project management is becoming a standard way of doing business

B. Project management is increasingly contributing to achieving organizational strategies

C. Project management is being used at a consistent percentage of a firm’s efforts

Group of answer choices

All statements are true

Both B and C are true

Both A and B are true

Both A and C are true

Answer 8

Both A and B are true

Question 9

Which of the following activities is not considered a project?
Group of answer choices

Developing a new software program

Designing a space station

Developing a new advertising program

Production of automobile tires

Answer 9

Production of automobile tires

Question 10

Which from the following statement(s) is/are NOT true?

I. Projects have defined objectives

II. Programs have a larger scope than projects

III. The projects and programs in a portfolio must be directly related

Group of answer choices

II and III only

II only

I only

III only

Answer 10

III only

Question 11

A common and effective project management technique is to assign more people to the team if a
project gets behind schedule.
Group of answer choices

True

False

Answer 11

False

Question 12

Portfolio defined as projects, programs, subsidiary portfolios and operations manage as a group to
achieve strategic objectives.
Group of answer choices

True

False

Answer 12

t

Question 13

A project may be managed in three separate scenarios:

As a stand alone project
Without a program
Without a portfolio
Group of answer choices

True

False

Answer 13

False

Question 14

Effective project management helps individuals, groups, and private organization to:
Group of answer choices

Meet business objectives

Resolve problems and issues

Manage change in a better manner

Satisfy stakeholder expectations

All choices are correct

Increase chances of success

Answer 14

All choices are correct

Question 15

A program is usually a group of
Group of answer choices

people and work

plans

related projects

unrelated projects

Answer 15

related projects

Question 16

Example of project outcomes include:
Group of answer choices

Great Wall of China

Commercial software application

Polio vaccine

All choices are correct

Answer 16

All choices are correct

Question 17

Code of Ethics and Professional Conduct includes both aspirational standards and mandatory
standards.
Group of answer choices

True

False

Answer 17

True

Question 18

Which of the following is not important values in Project Management community?
Group of answer choices

Kind

Honesty

Respect

Responsibility

Answer 18

Kind

Question 19

Some project management competencies cannot be taught in a class but must be learned
through business experience.
Group of answer choices

True

False

Answer 19

True

Question 20

The causes of failed projects include shortcuts taken during the project, expectations
mismanagement, lack of or unreasonably precise targets, poor estimating techniques,
budget overruns, missed schedules, and lack of management and leadership.
Group of answer choices

True

False

Answer 20

True

Question 21

A project is considered successful if, (1) the resulting information system is acceptable to the
customer; (2) the system was delivered on time; (3) the system was within budget; and (4) the
system development process had a minimal impact on ongoing business operations.
Group of answer choices

True

False

Answer 21

t

Question 22

It is defined as a group of related projects, subsidiary programs, program activities managed in
coordinated manner to obtain benefits.

Answer 22

PROGRAM

Question 23

Integration of all project processes and practices to improve Project Management is due to
Group of answer choices

Environmental analysis

The organization’s environment and culture

Centralization

Customer Expectations

Answer 23

Centralization

Question 24

A series of coordinated, related, multiple projects that continue over extended time intended to
achieve a goal is known as a __________.
Group of answer choices

Program

Strategy

Crusade

Campaign

Answer 24

Program

Question 25

The project management causes of ____________ projects include shortcuts taken during the project, expectations mismanagement, lack of or unreasonably precise targets, poor estimating techniques, budget overruns, missed schedules, and lack of management and leadership.

Answer 25

FAILED

Question 26

Project management is ideally suited for a business environment requiring all of the following except Group of answer choices Repeatability Speed Flexibility Innovation

Answer 26

Repeatability

Question 27

___________________ effectively manage multiple programs and projects that are underway at any given time.

Answer 27

PORTFOLIO

Question 28

A Protocols is a document established by an authority, custom, or general consent as a model or example. Group of answer choices True False

Answer 28

False

Question 29

Effective and efficient project management should be considered a strategic competency within organizations. Group of answer choices True False

Answer 29

t

Question 30

The basic nature of a project is a/an _____ one. Group of answer choices for years permanent for a decade temporary

Answer 30

temporary

Question 31

All of the following would generally be considered to be a characteristic of a project except: Group of answer choices Performed by internal staff Interrelated tasks A definite end An established objective

Answer 31

Performed by internal staff

Question 32

Organizational Project Management helps to ensure that all level in the organization understand the strategic vision, the initiatives that support the vision, the objectives and the deliverable. Group of answer choices True False

Answer 32

t

Question 33

____________________________ defined as the centralized management of one or more portfolios to achieve strategic objectives. The programs or projects of the portfolio may not necessarily be interdependent or directly related.

Answer 33

PORTFOLIO MANAGEMENT

Question 34

________________________ is the application of knowledge, skills, tools, and techniques to project activities to meet the project requirements.

Answer 34

PROJECT MANAGEMENT

Question 35

Programs are not large project. Large project is referred to as a ___________________.

Answer 35

MEGAPROJECT

Question 36

The importance of project management has increased due to: Choose the best answer. A. The movement of manufacturing operations B. Time to market C. The movement toward flatter and leaner organizations Group of answer choices Both A and B are true Both A and C are true All statements are true Both B and C are true

Answer 36

All statements are true

Question 37

Operations Management concerned with the ongoing production of goods and/or services and managing that transform input to output. Group of answer choices True False

Answer 37

t

Question 38

Project management is the process of scoping, planning, staffing, organizing, directing, and controlling the development of an acceptable system at a minimum cost within a specified time frame. Group of answer choices True False

Answer 38

t

Question 39

Because of the profitability motive, project management is nearly always limited to the private sector. Group of answer choices True False

Answer 39

False

Question 40

A _________ is a series of coordinated, related; multiple projects that continue over extended time intended to achieve a goal.

Answer 40

PROGRAM

Question 41

Poorly managed projects or the absence of project management may result in: Group of answer choices All choices are correct Cost overruns Loss of reputation for the organization Uncontrolled expansion of the project Unsatisfied stakeholders Poor quality

Answer 41

All choices are correct

Question 42

Competing in a global market is influenced by A. Rapid change B. Innovation C. Time to market Group of answer choices Both A and B are correct All choices are correct Only C is correct Both A and C are correct

Answer 42

All choices are correct

Question 43

The process of scoping, planning, staffing, organizing, and controlling the development of an acceptable system at a minimum cost within a specified time frame is: Group of answer choices Project Management Expectations Management Matrix Statement of Work Process Management

Answer 43

Project Management

Question 44

The Standard for Project Management is a foundational reference for project management professional development programs and the practice of project management. Group of answer choices True False

Answer 44

t

Question 45

Which of the following is not considered to be a characteristic of a project? Group of answer choices Complex tasks A clear beginning and end Only for internal use An established objective

Answer 45

Only for internal use