BUS 517 MIDTERM EXAM PART 1 & 2

BUS 517 MIDTERM EXAM PART 1 & 2

Part 1

Question 1

The advent of project management has been most profound in

Answer

Automobile manufacturing

Construction

Information technology

The U.S. Department of Defense

Film making

Question 2

Which of the following is the number one characteristic that is looked for in management candidates?

Answer

Overall intelligence

Works well with others

Experience

Past successes

Good reference

Question 3

In which of the following stages are project objectives established, teams formed, and major responsibilities assigned?

Answer

Conceptualizing

Defining

Planning

Executing

Delivering

Question 4

Project management is ideally suited for a business environment requiring all of the following except

Answer

Accountability

Flexibility

Innovation

Speed

Repeatability

Question 5

A common rule of thumb in the world of high-tech product development is that a six-month 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

Answer

10

20

33

45

50

Question 6

Which of these is not part of the “technical dimension” of project management?

Answer

WBS

Budgets

Problem solving

Schedules

Status reports

Question 7

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

Answer

Processing insurance claims
Producing automobiles
Writing a term paper
Completing a college degree
All of these are good examples of projects

Question 8

Which of the following activities is not considered a project?

Answer

Developing a new software program
Designing a space station
Preparing the site for the Olympic Games
Production of automobile tires
Developing a new advertising program

Question 9

Project selection criteria are typically classified as:

Answer

Financial and non-financial

Short-term and long-term

Strategic and tactical

Required and optional

Cost and schedule

Question 10

Which of the following is not one of the characteristics of effective objectives?

Answer

Realistic

Assignable

Flexible

Specific

Measurable

Question 11

Susie’s department is implementing many projects. She finds herself starting and stopping work on one task to go and work on another task, and then return to the work on the original task. Susie is experiencing

Answer

Poor scheduling

Excess work burden

Flexible tasking

Multitasking

Burnout

Question 12

Which of the following would not be classified as an organizational opportunity?

Answer

Increasing product demand

Excellent employees

Emerging markets

Demographics

Question 13

A project screening matrix typically contains all of the following except:

Answer

The list of available projects

Specific criteria

Weights assigned to specific criteria

Costs to complete each project

Question 14

In the Snapshot from Practice, Intel’s CEO has concentrated Intel’s strategy toward?

Answer

Creating chips to support the digital device market

Eliminating AMD as a competitor

Strengthening Intel’s position in the PC market

Expanding Intel’s international market

Expand efforts in the mainframe computer market

Question 15

A major project proposal form will likely include all of the following except:

Answer

Project Classification

Schedule objective

Major deliverables of the project

How success will be measured

Question 16

Projects are usually classified into all but one of the following categories. Which one is not one of the typical classifications?

Answer

Compliance and emergency

Operational

Strategic

Political necessity

Question 17

Who is responsible for determining what tasks have to be done in a matrix project management structure?

Answer

The functional manager

The project manager

Both are responsible

This is no pattern of who takes responsibility

Question 18

MegaComputers, Inc. has assigned a project manager for each of the five new-product teams. The managers as well as the project team members work on the projects on a full-time basis. The structure being used is ________ organization.

Answer

Functional

Balanced matrix

Weak matrix

Strong matrix

Project

Question 19

The project manager has the responsibility to answer which of the following questions?

Answer

What task has to be done?

Who will do the task?

How will the task be done?

How well has the functional input been integrated?

Why will the task be done?

Question 20

The project structure that is ranked as most effective for developing new products is ______ organization.

Answer

Functional

Balanced matrix

Weak matrix

Strong matrix

Project

Question 21

A good project management system provides for defining the interface between the project team and the organization in all the following areas except

Answer

Authority

Allocation of resources

Development of project team members

Integration of the project into the organization

Question 22

_________ organization is a hybrid form in which a horizontal project management structure is overlaid in the normal functional hierarchy.

Answer

Functional

Matrix

Project

Balanced

Question 23

The Macintosh development team at Apple is a good example of what kind of project structure?

Answer

Project

Balanced Matrix

Project Matrix

Functional Matrix

Functional

Question 24

Organizational culture is best explained as organizational

Answer

Personality

Hierarchy

Reporting relationships

Background

Management style

Question 25

From the list below, which is not a primary characteristic of organization culture?

Answer

Control

Team emphasis

History

Conflict tolerance

Risk tolerance

Part 2

Question 1

The project scope statement indicates that the client is responsible for training the people who will be using the equipment and that the project team will train the client’s trainers. This is an example of:

Answer

Project objectives

Deliverables

Limits and exclusions

Technical requirements

Milestones

Question 2

If a project criterion indicates that the project must meet a specific date, that criterion is classified as

Answer

Constrained

Enhanced

Accepted

Limited

Fixed

Question 3

Scott has just been given a project that has a specific target date. After discussion with top management he finds that while the date is important the cost is more important and a slip in delivery would be acceptable if required to meet the cost targets. The target date is best classified as

Answer

Constrain

Enhance

Accept

Limit

Optional

Question 4

If a project is small or of narrow scope and does not require an elaborate system, which of the following is a good choice?

Answer

Responsibility matrix

Organization breakdown structure

Work breakdown structure

Priority matrix

Process breakdown structure

Question 5

The ability of 911 emergency systems to identify the caller’s phone number and location are considered to be a

Answer

Technical requirement

Milestone

Project limit

Project exclusion

Project deliverable

Question 6

Which of the following is not one of the basic classifications of project priorities?

Answer

Profit

Cost

Time

Performance

Question 7

The tendency for the project deliverables to expand over time—usually by changing requirements, specifications, and priorities—is called:

Answer

Scope erosion

Scope creep

Project bloat

Scope enhancement

Project add-ons

Question 8

The final step in the creation of a Work Breakdown Structure is to

Answer

Code the WBS for tracking

Assign the cost account to a manager

Assign the work package to a manager

Develop the responsibility matrix

Question 9

The process of forecasting or approximating the time and cost of completing project deliverables is called

Answer

Budgeting

Predicting

Estimating

Planning

Guesstimating

Question 10

Ed is looking over the actual results of projects and comparing them to what was estimated. He notices that projects that took six months or longer to complete were noticeably more off the estimates. Which of the following factors is he recognizing?

Answer

Padding estimates

Planning horizon

Project structure

People

Organization culture

Question 11

Jose is forecasting project time and cost for constructing a new building by multiplying the total square footage by a given dollar amount. Which of the following methods is he using?

Answer

Ratio

Template

Apportion

Function point

Learning curve

Question 12

The accuracy of top-down estimates will typically be in the range of

Answer

Minus 50% to plus 50%

Minus 0% to plus 75%

Minus 20% to plus 60%

Minus 35% to plus 35%

Minus 10% to plus 30%

Question 13

Design flaws being revealed after the fact, extreme weather conditions, and accidents occurring are examples of:

Answer

Hidden interaction costs

Things going wrong on a project

Normal conditions not applying

Changes in project scope

Question 14

Project costs are typically viewed from all of the following except:

Answer

Scheduled

Sunk

Actual

Committed

Question 15

Learning curves are more likely to apply in situations where most of the costs are

Answer

Materials

Labor

Overhead

Evenly spread over materials, labor, and overhead

Question 16

The accuracy of bottom-up estimates will typically be in the range of

Answer

Minus 50% to plus 50%

Minus 0% to plus 75%

Minus 20% to plus 60%

Minus 35% to plus 35%

Minus 10% to plus 30%

Question 17

People working on prototype development needing time to interact with the design engineers after the design is completed is an example of:

Answer

Hidden interaction costs

Things going wrong on a project

Normal conditions not applying

Changes in project scope

Question 18

Which of the following can help a project manager to digest, clarify, and understand the factors leading to the selection of a specific project?

Answer

Risk matrix

Priority matrix

Responsibility matrix

Gantt chart

Contingency matrix

Question 19

Culture is a concept that encompasses all of the following except:

Answer

Shared norms

Beliefs

Values

Economic level

Customs

Question 20

Needs for a project could include telecommunications, transportation, power, and availability of technically skilled talent. This is an example of which of the following environmental factors?

Answer

Geographic

Infrastructure

Economic

Legal/political

Cultural

Question 21

Concern about the local restrictions on toxic waste is classified as which of the following environmental factors?

Answer

Economic

Geographic

Legal/political

Infrastructure

Culture

Question 22

An information systems specialist reported that his performance on a project in Northern Sweden declined due to sleep deprivation during the summer months in which there was 20 hours of daylight each day. This is an example of which of the following environmental factors?

Answer

Cultural

Legal/political

Geographic

Economic

Infrastructure

Question 23

If a construction company in Dallas builds a bridge in Houston, the project would be classified as

Answer

Global

Overseas

Local

Domestic

Foreign

Question 24

As a response to the events of September 11, 2001, the moving of personnel, materials, and equipment across international borders has created border congestion with increased costs and time. This is an example of which of the following environmental factors?

Answer

Cultural

Infrastructure

Geographic

Security

Legal/political

Question 25

If IBM built a computer system for Outback Barbie Inc. (based in Australia) at their corporate headquarters in Sydney, the project would be classified as

Answer

Global

Overseas

Local

Domestic

Foreign


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