Which of the following statements best describes a project?

Progress report describes what works or activities has been accomplished. Which one of the following statements is true for Agile projects.


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A group of related projects with the objective to deliver business outcomes as defined in the Program Vision Statement.

. An opportunity that occurs through change control. A major problem that requires formal escalation. This helps to align values within the team and promotes honesty respect and integrity.

A problem that the project manager has to deal with on a day-to-day basis. Which of the following best defines a project. Which one of the following statements best describes the most likely impact that a profitable abandonment option would have on a projects expected cash flow and risk.

Which one of the following best describes a project issue. Managing responses to threats. Answer The Project life cycle includes the time when the project is performed and the expected product lifespan after that.

Measures by which the success of the project is judged. Both projects should be accepted as both of the projects IRRs exceed the crossover rate. Project risk management is best described as.

Any assets purchased will have a positive salvage value at the end of the project. The project life cycle defines the deliverables that each phase will create C. Minimising threats and maximising opportunities.

Which one of the following best describes a. A enable a project to have sufficient technical support for project management and development. C portray a project as a network diagram with numbered nodes representing project tasks.

Project B should be accepted as it has the higher IRR. Which of the following best describes a project management plan. Actively seeking some senior management support.

The bid price always assumes which one of the following. A major problem that requires formal escalation. B Retrospectives are only run at the end of a project.

Given this information which one of the following statements is correct. An opportunity that occurs throbyh change control. The net present value of the project is zero.

All of the following are true statements about the project life cycle except for which one. D A facilitator will manage the structure of a facilitated workshop. Forecasting reports used to predict future status and progress.

Answer added by Praveenkumar Mayakrishnan Sr. In project management the sequence of project phases and phase gates is often referred to as Project life cycle. A project has a one-year life.

Minimising threats and maximising opportunities. Planning responses to threats. An uncertain event that may or may not occur.

This problem has been solved. A major problem that requires formal escalation. A problem that the project manager has to deal with on a day-to-day basis.

A major problem that requires formal escalation. Which statement best describes a responsibility of the project manager. Which one of the following best describes project success criteria.

A problem that the. The collection of generally sequential and sometimes overlapping project phases whose name and number are determined by the management and control needs of the organization or organizations involved in the project is known as the. Which one of the following statements best describes a project.

Managing responses to threats. The project life cycle defines how much each phase will cost. Is the best describes progress reports are an important communication elements.

The PV of expected cash flows increases and risk decreases. The aftertax net income of the project is zero. The centralized management of one or more portfolios to achieve strategic objectives.

Project risk management is best described as. The term portfolio management refers to. No impact on the PV of expected cash flows but risk will increase.

A motivated project team. The project charter WBS and project scope statement The schedule management plans and budget A formal approved document used to control the project The project managers plan for managing and controlling the work The engineering department wants the project objective to. Pre-Quiz Project Management DRAFT.

A All project stakeholders should attend every requirements workshop. Forming warming informing performing adjourning. C It is best if project manager facilitates the projects workshops.

The planning processes lay the groundwork for the project by clarifying the value it will bring to the organization setting its objectives and estimating the projects length scope and cost. 4 years agoSee more. To take ultimate accountability for the delivery of the business benefits.

Every project is constrained by three fundamental interrelated forces. Which one of the following best describes a project issue. Project A should be accepted as its IRR is closer to the crossover point than is Project Bs IRR.

Neither project should be accepted since both of the. Time cost and scope. Which of the following statements describes best the relationship between project phases and the Project life cycle.

To deliver the project objectives to. The project life cycle defines who is involved in each phase D. Question 3 10 10 pt s The functional manager is planning the billing system replacement project with the newest project manager at the company In discussing this project the functional manager focuses on the cost associated with running the system after it is created and the number of years the system will last before it must be replaced.

Which one of the following best describes a project issue. Identifying and acknowledging threats and opportunities. A collaborative enterprise to either create new products or services or to deliver results as defined in the Project Vision Statement.

Planning Engineer Tecnimont SpA. To be the sole source of expertise for estimating techniques on cost and time. Historic data from all projects.

B enable a project manager to properly document and monitor project plans. Current data from similar projects. Question 16 Imagine your company introduces a new feedback system for employees to share ideas report grievances and receive follow-ups from leadership.

The project life cycle defines the work to be done in each phase of the project B. To delegate all accountability for managing time cost and quality to team leaders. An uncertain event that may or may not occur.

Planning responses to threats. Assets will be depreciated based on MACRS. Identifying and acknowledging threats and opportunities.


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1) Which of the following are benefits of teamwork? Select all that apply.

Ans:

  • Helps teams meet project goals
  • Fosters creativity
  • Encourages accountability

2) Imagine you manage a large marketing team working on a new campaign. You want each individual to understand their job expectations and the consequences of their performance. To aid in this, you set up a central project tracker so the team can follow their progress. Which of the five elements of effective teams does this scenario demonstrate?

Ans: Structure and clarity

3) What can project managers do to listen and communicate effectively? Select all that apply.

Ans:

  • Hold regular team meetings
  • Ask team members how they prefer to communicate

4) Imagine your company introduces a new feedback system for employees to share ideas and report grievances anonymously. Which leadership quality does this change demonstrate?

Ans: Ethical leadership

5) Which of the following are common mistakes when one attempts to influence others? Select all that apply.

Ans:

  • Assume they can work through issues quickly
  • Resist compromise
  • Approach their audience too aggressively

6) As a project manager, you want to provide air cover for your team by not explicitly saying “no” to a stakeholder’s request. Which of the following are two possible strategies to achieve this?

Ans:

  • Explain to the stakeholder that their request won’t be possible under the current constraints of the project.
  • Offer to get back to the stakeholder once you gather more information, which may provide time for the stakeholder to reconsider their request.

7) Which of the following are true of teams? Select all that apply.

Ans:

  • Collaborate to solve problems in service of a shared goal
  • Foster creativity
  • Encourage accountability

8) Which of the five factors that impact team effectiveness is the most important?

Ans: Psychological safety

9) Imagine a tech company wants to use another firm’s processor in its new laptop. The project manager writes to the firm’s CEO about the mutual benefits and projected sales numbers. Which steps of effective influencing is the project manager demonstrating? Select all that apply.

Ans:

  • Provide evidence
  • Frame for common ground

10) What are the four main organizational sources of power?

Ans: Role, information, network, and reputation

11) Which of the following are steps in the ethical decision-making framework developed by the Markkula Center for Applied Ethics? Select all that apply.

Ans:

  • Recognize an ethical issue.
  • Get the facts.
  • Make a decision and test it.
  • Evaluate alternative actions.

12) Which of the following are strategies a project manager can use to provide air cover for their team? Select all that apply.

Ans:

  • Limit teammates’ knowledge of stakeholder requests
  • Reject a stakeholder request without explicitly saying “no”

13) Which of the following are benefits of teamwork? Select all that apply.

Ans:

  • Helps teams meet project goals
  • Fosters creativity
  • Encourages accountability

14) Which of the five factors that impact team effectiveness is the most important?

Ans: Psychological safety

15) Imagine you are project managing a merger between two healthcare companies. The project is large and complex, so you send out weekly emails highlighting the most important tasks. Which aspect of effective team building does this scenario demonstrate?

Ans: Prioritize tasks

16) What can project managers do to promote psychological safety? Select all that apply

Ans:

  • Encourage contributions from team members of all ranks
  • Schedule time for thoughtful, inclusive discussions

17) Which of the following actions can a project manager take to support team development? Select all that apply.

Ans:

  • Resolve conflicts and listen as the team addresses problems
  • Delegate tasks and motivate team members
  • Celebrate final milestones and successes

18) What are the four main organizational sources of power?

Ans: Role, information, network, and reputation

19) Which of the following is not a step in the ethical decision-making framework developed by the Markkula Center for Applied Ethics?

Ans: Consider the personal benefits.

20) Which of the following statements best describes a project manager providing air cover for their team?

Ans: Supports and protects a team from out-of-scope requests or criticism from leadership

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