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IE 445 Test 1
Terms in this set (48)
A professional Organization for project Management specialists
Which of the following is not part of the stages of a project life cycle?
which of the following activities is the best example on a project
writing a policy manual
which is not considered a project?
Production of automobile tires
which combination represents extremes of project organization?
Functional and project organization
three different matrix systems discussed in text?
weak, strong, balanced
who is responsible for determining how tasks will be done in a weak matrix project management structure?
In the ____ Stage of the project life cycle, the project schedule and budget will be determined?
in the _____ Stage of the project life cycle, you are to find status reports, changes and creating of forecasts?
A series of coordinated, related, multiple projects that continue over an extended time?
How many knowledge areas in PMBOK?
In the _____ stage of project life cycle, goals are established, teams are formed and responsibilities assigned
Which of the following is the correct order for the strategic management process?
Mission, strategies, objectives, project
what question does the organization's mission statement answer?
what do we want to become
Not one of the characteristics of effective objectives?
The assessment of the external and internal environments is called _______ analysis.
A. SWOT analysis
would be classified as a organizational threat
slowing of the economy
Project selection criteria are typically classified as
Financial and non financial
The textbook uses a term for one who endorses and leads political support for the completion of a specific project?
which is true of multi weighted scoring models?
ALL of Them
lack of understanding among top and mid level managers?
The ______ financial model measures the currency value of cash inflows using the managements minimum desire of return
Projects are usually classified into several categories? What are they?
The "o" in SWOT analysis stands for
5 steps involved when defining a project? which is first?
Define Project Scope
which is the second step in defining a project?
First step of Project Scope definition is?
Define overall objectives
An expected outcome over the life of the project would be classified as?
an emergency system that identifies a caller ID and location is considered a
The lowest element in the hierarchical breakdown of the WBS is
A. A deliverable
B. A work package
C. A cost account
D. A lowest sub deliverable
E. An object
B work package
The highest element in the hierarchical breakdown of the WBS is
Once the project scope has been firmly established, every detail is defined through the ____
What is not included in the project scope checklist?
A good starting point for developing "top-down" time and cost estimate is
good starting point for developing "bottom-u" time and cost estimate is
Good conditions for top-down estimating?
Internal, small project
good condition for bottom estimating
developing a fixed price
The salary of the project manager would be an example of what type of cost found in a project?
General and administrative overhead
Typical kinds of costs found in a project include all except
Engineering maintain the ms schedule would be example of cost project?
direct project overhead
would represent direct direct project costs
labor, materials and equipment
not one of the recommended guidelines for developing, useful work package estimates
estimate should consider all possible conditions
Bottom up approach for estimating time and costs that uses cost from past projects
top down method is used when projects follow past projects and cost assigned as percentages
long duration project is more likely to be on longer than a short term
project maangement structure chosen to manage the project will have little impact on the qualities of estimating
project is internal to the company and small, the bottom up approach is the best choice
Consensus method of estimating costs is a bottom up technique
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