Description

Test Bank For Project Management The Managerial Process 5th Edition By Larson

Multiple Choice Questions
1. The advent of project management has been most profound in
A. Automobile manufacturing
B. Construction
C. Information technology
D. The U.S. Department of Defense
E. Film making
The impact of project management is most profound in the area of electronics industry, where
the new folk heroes are young professionals whose Herculean efforts lead to the constant flow
of new hardware and software products.
AACSB: Reflective Thinking
Bloom’s: Comprehension
Learning Objective: What is a Project?
Level: Easy
2. A professional organization for project management specialists is the
A. PMI
B. AMA
C. MIS
D. IPM
E. PMBOK
The Project Management Institute (PMI), is a professional organization for project managers.
AACSB: Reflective Thinking
Bloom’s: Comprehension
Learning Objective: What is a Project?
Level: Easy
Chapter 01 – Modern Project Management
1-2
3. Which of the following is not considered to be a characteristic of a project?
A. An established objective
B. A clear beginning and end
C. Complex tasks
D. Only for internal use
E. Never been done before
See List on Page 5.
AACSB: Reflective Thinking
Bloom’s: Application
Learning Objective: What is a Project?
Level: Medium
4. Which of the following activities is not considered a project?
A. Developing a new software program
B. Designing a space station
C. Preparing the site for the Olympic Games
D. Production of automobile tires
E. Developing a new advertising program
A project is not routine, repetitive work! Ordinary daily work typically requires doing the
same or similar work over and over, while a project is done only once; a new product or
service exists when the project is completed.
AACSB: Analytic
Bloom’s: Evaluation
Learning Objective: What is a Project?
Level: Medium
Chapter 01 – Modern Project Management
1-3
5. From among the following activities, which is the best example of a project?
A. Processing insurance claims
B. Producing automobiles
C. Writing a term paper
D. Completing a college degree
E. All of these are good examples of projects
See table 1.1 on Page 6.
AACSB: Analytic
Bloom’s: Analysis
Learning Objective: What is a Project?
Level: Medium
6. Which of the following constraints is not typically found in managing projects?
A. Time
B. People
C. Cost
D. Performance
E. Both B and D are not typical constraints
Specific time, cost, and performance requirements bind projects.
AACSB: Analytic
Bloom’s: Comprehension
Learning Objective: What is a Project?
Level: Medium
7. Which of the following choices is not one of the stages of a project life cycle?
A. Conceptualizing
B. Defining
C. Planning
D. Executing
E. Delivering
See List on Page 7.
AACSB: Analytic
Bloom’s: Knowledge
Learning Objective: What is a Project?
Level: Medium
Chapter 01 – Modern Project Management
1-4
8. In which of the following stages are project objectives established, teams formed, and
major responsibilities assigned?
A. Conceptualizing
B. Defining
C. Planning
D. Executing
E. Delivering
Specifications of the project are defined; project objectives are established; teams are formed;
major responsibilities are assigned.
AACSB: Analytic
Bloom’s: Comprehension
Learning Objective: What is a Project?
Level: Medium
9. In which of the following stages is a major portion of the physical and mental project work
performed?
A. Conceptualizing
B. Defining
C. Planning
D. Executing
E. Delivering
A major portion of the project work takes place—both physical and mental.
AACSB: Analytic
Bloom’s: Application
Learning Objective: What is a Project?
Level: Medium
Chapter 01 – Modern Project Management
1-5
10. In which of the following stages are you more likely to find status reports, many changes,
and the creation of forecasts?
A. Conceptualizing
B. Defining
C. Planning
D. Executing
E. Delivering
Time, cost, and specification measures are used for control.
AACSB: Analytic
Bloom’s: Application
Learning Objective: What is a Project?
Level: Medium
11. Which of the following characteristics is not typical of a project manager?
A. Managing a temporary activity
B. Possesses in-depth technical knowledge
C. Managing a non-repetitive activity
D. Manages independently of the formal organization
E. Provides a direct link to the customer
Increased competition has placed a premium on customer satisfaction. Customers no longer
simply settle for generic products and services.
AACSB: Analytic
Bloom’s: Analysis
Learning Objective: The Importance of Project Management
Level: Difficult
Chapter 01 – Modern Project Management
1-6
12. Which of the following choices is not one of the driving forces behind the increasing
demand for project management?
A. Compression of the product life cycle
B. Knowledge explosion
C. Development of third world and closed economies
D. More emphasis on the product and less on the customer
E. Corporate downsizing
Increased customer attention has prompted the development of customized products and
services.
AACSB: Reflective Thinking
Bloom’s: Application
Learning Objective: The Importance of Project Management
Level: Medium
13. 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
D. Both A and B are true
E. A, B, and C are all true
Project management is no longer a special-need management. It is rapidly becoming a
standard way of doing business. The future promises an increase in the importance and the
role of projects in contributing to the strategic direction of organizations.
AACSB: Reflective Thinking
Bloom’s: Comprehension
Learning Objective: The Importance of Project Management
Level: Difficult
Chapter 01 – Modern Project Management
1-7
14. Project management is ideally suited for a business environment requiring all of the
following except
A. Accountability
B. Flexibility
C. Innovation
D. Speed
E. Repeatability
Competing in a global market influenced by rapid change, innovation, and time to market
means organizations manage more and more projects.
AACSB: Analytic
Bloom’s: Comprehension
Learning Objective: Project Management Today – An Integrated Approach
Level: Medium
15. Which of the following is the number one characteristic that is looked for in management
candidates?
A. Overall intelligence
B. Works well with others
C. Experience
D. Past successes
E. Good references
The phrase “works well with others” has long been a staple on grade school report cards; now,
in the IT world, it’s the No. 1 criterion for management candidates.(See Research Highlight on
page 16).
AACSB: Communication
Bloom’s: Comprehension
Learning Objective: Project Management Today – An Integrated Approach
Level: Medium
Chapter 01 – Modern Project Management
1-8
16. A common rule of thumb in the world of high-tech product development is that a sixmonth
project delay can result in a loss of product revenue share of ___ percent. The waste on
failed projects and cost overruns is estimated in the neighborhood of
A. 10
B. 20
C. 33
D. 45
E. 50
A common rule of thumb in the world of high-tech product development is that a six-month
project delay can result in a 33 percent loss in product revenue share.
AACSB: Analytic
Bloom’s: Comprehension
Learning Objective: The Importance of Project Management
Level: Medium
17. The waste on failed projects and cost overruns is estimated in the neighborhood of
A. Under $100 Million
B. Over $150 Billon
C. Under $10 Billion
D. Between $90-$100 Billion
E. Between $125-$135 Billion
The need for elevating performance continues to challenge the project management
profession. The waste on failed projects and cost overruns is estimated in the neighborhood of
over $150 billion!
AACSB: Analytic
Bloom’s: Knowledge
Learning Objective: What is a Project?
Level: Easy
Chapter 01 – Modern Project Management
1-9
18. Which of the following is the first step in developing a set of strategies designed to best
meet the needs of customers?
A. Market Research
B. Define the Integrated Project Management System
C. Environmental Analysis
D. Project Selection
E. All of the above are correct
Project management is critical both to development of customized products and services and
to sustaining lucrative relationships with customers.
AACSB: Analytic
Bloom’s: Knowledge
Learning Objective: The Importance of Project Management
Level: Easy
19. Integration of project management with the organization takes place with the
A. Master budget
B. Strategy plan
C. Process of managing actual projects
D. Both b and c are correct
E. A, B, and C are all correct
Since projects are the modus operandi, strategic alignment of projects is of major importance
to conserving and effective use of organization resources. Selection criteria need to ensure
each project is prioritized and contributes to strategic goals.