Quiz Review - Chapter 2

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Romelcd2
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  • 1/16 Questions

    Mark is a project manager working on a project with limited time to complete research for the solution.  When time is of the essence what can a project manager do to increate research productivity?

    • Delegate the research topics among team members
    • Limit the time spend doing the research
    • Hire a vendor to do the implementation.
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  • 2. 

    Jane is preparing the business case and identifying the business goals for a problem that a project may solve.  She is comparing two different applications for performance, cost, scalability and expected time for users to learn the new software.  What tool is Jane using as part of the creation and documentation of the business goals and project objectives?

    • Benchmarking

    • Brainstorming

    • Business rules analysis

    • Functional decomposition

    Correct Answer
    A. Benchmarking
    Explanation
    Jane is using benchmarking as a tool to compare the performance, cost, scalability, and expected time for users to learn the new software. Benchmarking involves measuring the performance of a product, service, or process against a recognized standard or competitor to identify areas for improvement and set goals. In this case, Jane is using benchmarking to assess the different applications and determine which one aligns best with the business goals and project objectives she is preparing.

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  • 3. 

    What research technique breaks down large problems into smaller, manageable components?

    • Root cause analysis

    • Functional decomposition

    • Focus groups

    • Brainstorming

    Correct Answer
    A. Functional decomposition
    Explanation
    Functional decomposition is a research technique that breaks down large problems into smaller, manageable components. This approach allows researchers to analyze and understand complex issues by breaking them down into simpler parts. By deconstructing the problem, researchers can identify the functions and relationships between different components, which helps in finding effective solutions. Functional decomposition is commonly used in various fields, such as engineering, computer science, and project management, to tackle complex problems and improve problem-solving efficiency.

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  • 4. 

    What is project portfolio management?  

    • It is the risk the project manager is taking when implementing a project

    • It is the pool of available project managers

    • It is the management and selection of which projects will be engaged, allowed to continue, or stopped based on conditions within the organization of project.

    • It is the relationship between the project manager and a third party that will implement the proposed technology.

    Correct Answer
    A. It is the management and selection of which projects will be engaged, allowed to continue, or stopped based on conditions within the organization of project.
    Explanation
    Project portfolio management refers to the process of managing and selecting projects based on the conditions and goals of an organization. It involves making decisions about which projects to engage in, which ones to continue, and which ones to stop. This process helps ensure that the organization's resources are allocated effectively and that projects align with the overall strategic objectives. It also involves evaluating the risks and benefits of each project to determine their viability and potential impact on the organization.

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  • 5. 

    Why should a project manager demonstrate ROI in the financial obligation portion of a feasibility study?

    • They should not; it will be determined by the Project Sponsor.

    • They should include ROI to demonstrate the validity of the project

    • They should include ROI to demonstrate the initial cash outlay for the technology

    • They should include ROI to make certain their project is approved.

    Correct Answer
    A. They should include ROI to demonstrate the validity of the project
    Explanation
    Including ROI in the financial obligation portion of a feasibility study helps project managers demonstrate the validity of the project. ROI (Return on Investment) is a measure of the profitability of an investment and shows the potential return that the project will generate. By including ROI, project managers can provide evidence that the project is worth pursuing and has the potential to deliver financial benefits. This information is important for decision-makers, such as project sponsors, who need to assess the viability and potential value of the project before approving it.

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  • 6. 

    You are just starting to work on the intent of the project, the hi-level goals and the opportunity for the organization to formulate a document that links the project objectives to the business needs.  What type of document are you creating?

    • Project scope statement

    • Concept definition statement

    • Key performance indicators

    • Project charter

    Correct Answer
    A. Concept definition statement
    Explanation
    In the given scenario, the document being created is a concept definition statement. This document outlines the intent of the project, the high-level goals, and the opportunity for the organization. It also links the project objectives to the business needs, providing a clear understanding of the project's concept and purpose.

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  • 7. 

    What is a feasibility study?

    • A plan for researching the project

    • A plan based on the project research

    • A plan that recommends the proposed technology

    • A plan that does not recommend the proposed technology

    Correct Answer
    A. A plan based on the project research
    Explanation
    A feasibility study is a plan that is developed based on the research conducted for a project. This plan takes into consideration the findings and analysis from the research and outlines the potential viability and success of the project. It assesses various factors such as cost, resources, market demand, and technical feasibility to determine if the project is feasible or not. Therefore, the correct answer is "A plan based on the project research".

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  • 8. 

    Of the following, which topic is not usually included in a feasibility study?

    • Executive summary

    • Market research

    • Defined business problem

    • Assumptions used in the study

    Correct Answer
    A. Market research
    Explanation
    A feasibility study is conducted to assess the viability and potential success of a proposed project or business venture. It typically includes various elements such as an executive summary, a defined business problem, and assumptions used in the study. Market research, on the other hand, is not usually included in a feasibility study. Market research is a separate process that involves gathering and analyzing data about the target market, customers, competitors, and industry trends to inform business decisions and strategies. While market research is important for decision-making, it is not directly related to assessing the feasibility of a project, which is the main purpose of a feasibility study.

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  • 9. 

    What causes internal conflicting IT projects? 

    • Lack of communication

    • Lack of planning

    • Technology that develops too quickly

    • Conflicting technology

    Correct Answer
    A. Lack of communication
    Explanation
    Internal conflicting IT projects can occur due to a lack of communication. When there is a lack of effective communication among team members, it can lead to misunderstandings, misinterpretations, and conflicting goals or priorities. Without clear and open lines of communication, different teams or departments may be working towards different objectives or using conflicting approaches, causing internal conflicts within the projects. Effective communication is crucial for aligning goals, coordinating efforts, and resolving conflicts, ultimately ensuring the smooth execution of IT projects.

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  • 10. 

    What is the goal of a project sponsor?

    • To manage the project manager

    • To delegate duties to the project manager

    • To increase profits through the project led by the assigned project manager

    • To increase productivity through technical implementations

    Correct Answer
    A. To increase profits through the project led by the assigned project manager
    Explanation
    The goal of a project sponsor is to increase profits through the project led by the assigned project manager. This means that the project sponsor is responsible for ensuring that the project is successful and that it generates a positive return on investment. They provide the necessary resources and support to the project manager to achieve this goal. The project sponsor may also be involved in making strategic decisions, managing risks, and monitoring the progress of the project to ensure that it aligns with the organization's objectives and ultimately leads to increased profits.

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  • 11. 

    Which solution would allow project managers to disseminate information among projects quickly and easily?  

    • Monthly meetings among all project managers

    • Weekly meetings among all project managers

    • A newsletter created on proposed projects and dispersed to all project managers

    • An intranet project page created for all project managers

    Correct Answer
    A. An intranet project page created for all project managers
    Explanation
    An intranet project page created for all project managers would allow for quick and easy dissemination of information among projects. This solution provides a centralized platform where project managers can access and share information, updates, and resources related to their projects. It eliminates the need for physical meetings or newsletters, allowing for instant communication and collaboration. Additionally, an intranet project page can be easily updated and accessed by all project managers, ensuring that everyone has access to the most current information.

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  • 12. 

    What is project priority?  

    • It is the ability of a project manager to determine which project is the most valuable to an organization

    • The ability of a project sponsor to determine which projects should be implemented and which should not

    • It is a process project managers and project sponsors must go through when conflicting projects arise within an organization

    • It is a process project sponsors use to determine which project is of greater importance when two projects conflict

    Correct Answer
    A. It is the ability of a project manager to determine which project is the most valuable to an organization
    Explanation
    The correct answer suggests that project priority refers to the ability of a project manager to determine which project is the most valuable to an organization. This means that the project manager is responsible for assessing and evaluating the importance and impact of various projects and making a decision on which project should be given higher priority and resources. This decision is crucial in ensuring that the organization's resources are allocated effectively and that the most valuable projects are given the necessary attention and support.

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  • 13. 

    Complete this sentence:  In order to complete successful planning the project manager must know __________________.

    • The mission statement of the organization

    • How much the project budget is

    • The cause of the problem the project is to solve

    • The requirements the project must satisfy

    Correct Answer
    A. The requirements the project must satisfy
    Explanation
    In order to complete successful planning, the project manager must know the requirements the project must satisfy. This is crucial as it helps the project manager to understand the goals and objectives of the project, and ensures that the planning process aligns with these requirements. Knowing the requirements also allows the project manager to identify any potential challenges or constraints that may arise during the project and develop appropriate strategies to address them. Ultimately, having a clear understanding of the project requirements is essential for effective planning and successful project execution.

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  • 14. 

    Of the following, which is the best solution two project managers can take to resolve conflicting projects? 

    • Ask the project sponsors from both to take the project to upper management.

    • Ask the project sponsor from both to meet and determine how, and if the projects can work together.

    • The project managers from both should meet and determine if a solution can be reached between them.

    • The project managers from both should meet. The project manager with the seniority will determine how the projects may continue.

    Correct Answer
    A. The project managers from both should meet and determine if a solution can be reached between them.
    Explanation
    The best solution for two project managers to resolve conflicting projects is for them to meet and determine if a solution can be reached between them. This approach allows the project managers to discuss the issues and potential solutions directly, taking into account their respective project requirements and constraints. By collaborating and finding a mutually agreeable solution, the project managers can avoid escalating the conflict to upper management or relying on seniority to make decisions. This approach promotes effective communication and problem-solving between the project managers, leading to a more efficient resolution of the conflict.

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  • 15. 

    Which solution would allow project managers to disseminate information among projects quickly and easily?

    • Monthly meetings conducted among all project managers

    • Weekly meetings among all project managers

    • A newsletter dispersed to all project managers

    • An intranet project page for all project managers

    Correct Answer
    A. An intranet project page for all project managers
    Explanation
    An intranet project page for all project managers would allow for quick and easy dissemination of information among projects because it provides a centralized platform where project managers can access and share information. This solution eliminates the need for physical meetings, which can be time-consuming and may not be feasible for all project managers to attend. Additionally, a newsletter dispersed to all project managers may not be as efficient as an intranet project page, as it may not provide real-time updates and may not be easily accessible to all project managers.

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  • 16. 

    Why must a project manager address the users impacted by the technology in a feasibility study?

    • To determine willingness to use the product

    • To determine how many will use the product

    • To determine the downtime caused by the product

    • To determine the validity of changing or adding technology

    Correct Answer
    A. To determine the downtime caused by the product
    Explanation
    In a feasibility study, it is important for a project manager to address the users impacted by the technology to determine the downtime caused by the product. This is because understanding the potential disruptions or interruptions in the users' operations will help in assessing the feasibility of implementing the technology. By determining the downtime caused by the product, the project manager can evaluate the impact on the users' productivity and make informed decisions regarding the viability of the technology.

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Quiz Review Timeline (Updated): Mar 22, 2023 +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Mar 22, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Apr 16, 2015
    Quiz Created by
    Romelcd2
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