Which approach is used to develop a WBS where ideas are written or drawn in a non linear format?

1. Approximately what percentage of the world’s gross product is spent on projects?
   

1-2. Which of the following is not a potential advantage of using good project management?

1-3.

A _____

is a temporary endeavor undertaken to create a unique product, service, or result

1. Which of the following is not an attribute of a project?

1. projects involve little uncertainty

Which of the following is not part of the triple constraint of project management

Triple Constraint: Cost, Time, Scope (boundaries)- so communication is not part of Triple constraint

___ is the application of knowledge, skills, tools, and techniques to project activities to meet project requirements.

Project portfolio management addresses ___ goals of an organization, while project management addresses ___ goals.

1. Several application development projects done for the same functional group might best be managed as part of a ______.

Which of the following is not true?

IT hiring managers reported that project management certification did not affect starting pay.

What is the name of one of the popular certifications provided by the Project Management Institute?

Project Management Professional (PMP)

2-1. Which of the following is not part of the three-sphere model for systems management?

2-2. Which of the four frames of organizations addresses 

2-3. Personnel in a ___ organizational structure often report to two or more bosses.

Project work is most successful in an organizational culture where all the following characteristics are important except ____.

2-5. A ___ is a product or service, such as a technical report, a training session, or hardware, produced or provided as part of a project.

2-6. Which of the following statements is false?

A product life cycle is the same as a project life cycle.

2-7. Which of the following terms describes a framework of the phases involved in developing information systems?

systems development life cycle.

2-8. The nature of IT projects is different from projects in many other industries because they are very ___.

2-9. What term describes an organization's acquisition of goods and services from an outside source in another country?

2-10. ___ is the leading agile development method.

3-1. A __ is a series of actions directed toward a particular result.

3-2. ___ processes include coordinating people and other resources to carry out project plans and create the products, services, or results of the project or phase.

3-3. Which process group normally requires the most resources and time?

What methodology was developed in the United Kingdom, defines 45 separate subprocesses, and organizes them into eight process groups?

3-5. Which of the following outputs is often completed before initiating a project?

3-6. A work breakdown structure, project schedule, and cost estimates are outputs of the ___ process.

3-7. Initiating involves developing a project charter, which is part of the project ___ management knowledge area.

3-8. ___ involves measuring progress toward project objectives and taking corrective actions.

Monitoring and Controlling

3-9. Which of the following is not a typical reason that project teams would use a predictive approach verus an agile approach to managing a project?

The project has unclear up-front requirements.

3-10. Many people use ___ to have a standard format for preparing various project management documents.

4-1. Which of the following processes is not part of project integration management?

developing the project business case

4-2. What is the last step in the four-stage planning process for selecting IT projects?

4-3. A new government law requires an organization to report data in a new way. Which of the following categories would include a new information system project to provide this data?

4-5. If estimates for total discounted benefits for a project are $120,00 and total discounted costs are $100,000, what is the estimated return on investment (ROI)?

4-6. A ___ is a document that formally recognizes the existence of a project and provides direction on the project's objectives and management.

4-7. Which of the following items is not normally included in a project charter?

4-8. ___ ensures that the descriptions of the project's products are correct and complete.

4-9. Which of the following is not a suggestion for performing integrated change control?

4-10. What tool and technique is used for all processes of project integration management?

5-1. ___ refer(s) to all the work involved in creating the products of the processes used to create them.

5-2. Which tool or technique for collecting requirements is often the most expensive and time consuming?

5-3. A __ is a deliverable-oriented grouping of the work involved in a project that defines its total scope

WBS- Work Breakdown Structure

5-4. What approach to developing a WBS involves writing down or drawing ideas in a non-linear format?

5-5. Assume that you have a project with major categories called planning and testing. What level of the WBS would these items fall under?

5-6. Which of the following is not a best practice that can help in avoiding scope problems on IT based projects?

Dont involve too many users in scope management.

5-7. Why did Mcdonald's terminate a large project after spending $170 million on it?

The scope was too much to handle.

5-8. Scope __ is often achieved by a customer inspection and then sign-off on key deliverables.

5-9. Which of the following is not a suggestion for improving user input?

Only have meetings as needed, not on a regular basis.

5-10. Project Management software helps you develop a ___, which serves as a basis for creating Gantt charts, assigning resources, and allocating costs.

WBS- woRK BREAKDOWN STRUCTURE.

6-1. Which of the following processes involves determine the policies, procedures, and documentation that will be used for planning, executing, and controlling the project schedule?

6-2. Predecessors, successors, logical relationships, leads and lags, resource requirements, constraints, imposed dates, and assumptions are all examples of ___.

6-3. As the project manager for a software development project, you are helping to develop the project schedule. You decide that writing code for a system should not start until users sign off on the analysis work. What type of dependency is this?

6-4. You cannot start editing a technical report until someone else completes the first draft, what type of dependency does this represent?

6-5. Which of the following statements is false?

Duration and Effort are synonymous terms.

6-6. What symbol on a Gantt chart represents a slipped milestone?

6-7. What type of diagram shows planned and actual project schedule formation?

6-8. ___ is a network diagramming technique used to predict total project duration.

Critical Path Method (CPM)

6-9. Which of the following statements is false?

Fast Tracking is a technique for making cost and schedule trade-offs to obtain the greatest amount of schedule compression for the least incremental cost.

6-10. ___ is a method of scheduling that considers limited resources when creating a project schedule and includes buggers to protect the project completion date.

Critical Chain Scheduling

7-1. Accountants usually define _____ as a resource sacrificed or foregone to achieve a specific objective or something given up in exchange.

7-2. What is the main goal of project cost management?

to complete a project within an approved budget.

Which of the following is not an output of the project cost management process called estimating costs, according to the PMBOK Guide?

7-4. If a company loses $5 for every $100 in revenue for a certain product, what is the profit margin for that product?

7-5. _____ reserves allow for future situations that are unpredictable.

7-6. You are preparing a cost estimate for a building based on its location, purpose, number of square feet, and other characteristics. What cost-estimating technique are you using?

7-7. ____ involves allocating the project cost estimate to individual material sources or work items over time.

7-8. ___ is a project performance measurement technique that integrates scope, time, and cost data.

7-9.If the actual cost for a wbs item is $1500, and its earned value is $2000, what is its cost variance and is it under or over budget?

The cost variance is $500, which is under budget

7-10. If a project is halfway completed, its schedule performance index is 110 percent, and its cost performance index is 95%, how is it progressing? 

It is ahead of schedule and over budget.

What are the approaches used to develop WBS?

What are the 5 types of WBS?

What are the different types of WBS?

Which technique is used for creating a WBS uses branches radiating from a core idea?