Project Management MCQs 1-25

1. A project typically has ____________.a. a defined start and end dateb. a defined start date but no defined end datec. no defined start but a defined end dated. no defined start or end date2. The Project Management Body of Knowledge Guide definition of a project indicates that aproject is ____________.a. multifunctionalb. temporaryc. designed to consume human resourcesd. limited by a budget3. A business reality that makes effective project management critical is the fact that ___________.a. products are becoming increasingly simpleb. inflation is rampantc. product life cycles are compressingd. product launch windows are widening4. A product is introduced into a market, gains the acceptance of a fickle public and is finallysupplanted by a new and improved offering. This phenomenon is known as the ____________.a. product life cycleb. rule of 80c. Mendoza lined. beta5. The degree of innovation and creativity is typically at its highest during the _____________phase.a. conceptualizationb. planningc. executiond. termination 6. The amount of corporate investment is typically at its lowest in the ____________ phase.a. conceptualizationb. planningc. executiond. termination7. The dimension of project success that is realized last is _____________.a. future potentialb. business successc. impact on the customerd. efficiency8. The dimension of project success that is measured by both an internal and external criterion is_____________.a. future potentialb. business successc. impact on the customerd. efficiency9. A strategic element that contains formally titled initiatives such as the Customer Survey Project,the Small Business Alliance Project and the Employee Relations Project is most likely a_____________.a. missionb. strategyc. goald. program10. The management department at the university decides to add a new program in restaurant,hotel and institutional management. As part of the development process, they hold focusgroups consisting of area business leaders, current and former students and restaurant andhotel owners. These groups can be described as _____________.a. project leadersb. project workersc. stakeholdersd. clients11. Which statement about stakeholders is most appropriate?a. Stakeholders wield considerable power.b. Stakeholders can potentially impact project development.c. Stakeholders are external to a company.d. By definition, clients are not stakeholders, they are customers.12. A functional organization structure is a plus for project management because _____________.a. functional siloing often existsb. it allows for standard career pathsc. there is high customer focusd. commitment to project success is high and unwavering13. A functional organization structure is a weakness for project management because_____________.a. in-depth knowledge and intellectual capital development are enabledb. no disruption or changes to a firm’s design are necessitated by projects developedwithin this structurec. priorities among functional departments may be different and competingd. standard career paths are enabled so team members only perform their duties asneeded14. The tendency of employees in a functionally organized company to become fixated on theirown concerns and work assignments to the exclusion of the needs of other departments isknown as _____________.a. layeringb. myopiac. nepotismd. siloing15. Centralized units within an organization or department that oversee or improve themanagement of projects are called _____________.a. project management officesb. PERT unitsc. tiger teamsd. central clearinghouses16. A PMO is not used ______________.a. as a resource centerb. to replace the project manager as being responsible for the projectc. to act as a central repository for project documentationd. as the place where project management improvements are identified and thendisseminated to the rest of the organization17. The PMO is used as a tracking and monitoring device under the _______________ model.a. control towerb. weather stationc. resource poold. radar18. A proactive project portfolio is ______________.a. as simple as moving from one project opportunity to another project opportunityb. an integrated family of projects with a common strategic goalc. a collection of projects under the umbrella of single project manager carrying the titleof portfolio managerd. developed with respect to short-term operational concerns19. Which of these is not a factor in successful project portfolio management?a. flexible structure and freedom of communicationb. low-cost environmental settingc. emphasis on qualityd. time-paced transition20. Multiple project environments thrive on _______________.a. multi-layered bureaucracyb. rigid development processesc. narrow communication channelsd. improvisation by project teams21. The efficient frontier in project management is the set of portfolio options that offer a______________ return for a _______________ risk.a. minimum; minimumb. minimum; maximumc. maximum; minimumd. maximum; maximum22. Which statement about the use of the profile model is most accurate?a. The profile model requires careful calculation of the percentage risk for each possibleproject.b. The scale used for the profile model can be any two numerical variables that a companydeems important.c. The efficient frontier in the profile model is where return is 100% (or greater) and risk is0%.d. For a given level of risk, a positive move on the return axes would indicate a superiorproject.23. Which statement regarding project selection is best?a. Decision models must contain either objective or subjective factors.b. Organizational reality can be perfectly captured by most decision-making models.c. Before selecting any project, the team should identify all the relevant issues that play arole in project selection.d. Every decision model has both objective and subjective factors.24. Which statement regarding project selection and screening criteria is best?a. The most complete model in the world is still only a partial reflection of organizationreality.b. It is possible, given enough time and effort, to identify all relevant issues that play aroll in project selection.c. Decision models are either objective or subjective.d. For many projects, more than 80% of the decision criteria are vital.25. A commercial factor in project selection and screening might be ______________.a. a need to develop employeesb. the likelihood that users of the project are injuredc. the long-term market dominanced. the impact on the company’s image

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