T Est Bank-Project Managment

2683 words 11 pages
Chapter 1: An Introduction to Project, Program, and Portfolio Management


1. In the past, project management primarily focused on providing schedule and resource data to top management in the military and construction industries.

ANS: T PTS: 1 REF: 2

2. Most organizations claim that project management delivers higher profit margins at the expense of worker morale.

ANS: F PTS: 1 REF: 3-4

3. The term “operations” refers to work done in an organization to sustain a business.

ANS: T PTS: 1 REF: 4

4. A project has a definite beginning and a definite end.

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5. The targets for scope, time, and cost are defined in the middle of a project.

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6. Projects
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Two important concepts that help projects meet enterprise goals are the use of programs and project ____ management.

ANS: B PTS: 1 REF: 13

16. Given a program for building one hundred residential single family homes in a particular neighborhood, each home is a separate ____ for a specific homeowner.

ANS: A PTS: 1 REF: 14

17. A program ____ provides leadership and direction for the project managers heading the projects within the program.

ANS: D PTS: 1 REF: 15

18. Portfolio managers help their organizations make wise investment decisions by helping to select and analyze projects from a(n)____ perspective.

ANS: B PTS: 1 REF: 15

19. Individual projects often address ____ goals, whereas project portfolio management addresses strategic goals.

ANS: C PTS: 1 REF: 15

20. Pacific Edge Software’s product manager, Eric Burke, defines project ____ management as “the continuous process of selecting and managing the optimum set of project initiatives that deliver maximum business value.”

ANS: B PTS: 1 REF: 15

21. By grouping projects into ____, organizations can better tie their projects to meeting