Regarding management and leadership all of the following are true except
On a project, particularly a larger project, the project manager is generally expected to be the project’s leader as well.
Technical leadership is of primary importance in project management
Managing is primarily concerned with consistently producing key results expected by stakeholders
Leading involves establishing direction, aligning people, motivating and inspiring
A company has to make a choice between two projects, because the available resources in money and kind are not sufficient to run both at the same time.Each project would take 9 months and would cost $250,000.
The first project is a process optimization which would result in a cost reduction of $120,000 per year.This benefit would be achieved immediately after the end of the project.
The second project would be the development of a new product which could produce the following net profits after the end of the project:
1 year: $ 15,000
2 year: $ 125,000
3 year: $ 220,000
Assumed is a discount rate of 5 % per year.Looking at the present values of these projects’ revenues in the first 3 years, what is true?
Both projects are equally attractive.
The first project is more attractive by app.7%.
The second project is more attractive by app.5%.
The first project is more attractive by app.3%.
A production process has been defined as part of an industrial equipment manufacturing project.The process is intended to produce steel bolts with a length of 20 cm.The acceptable control limits are 19.955 cm and 20.045 cm.
The measurements made at the end of the process yielded the following results:
20.033 cm, 19.982 cm, 19,995 cm, 20.006 cm, 19.970 cm, 19.968 cm, 19.963 cm, 19.958 cm, 19.962 cm, 19.979 cm, 19.959 cm.
What should be done?
The process is under control.It should not be adjusted.
The process should be adjusted.
The control limits should be adjusted.
The measuring equipment should be recalibrated.
What are the 4 stages of team development?
Forming, Storming, Norming, Performing.
Enthusiasm, Hope, Panic, Solution.
Assignment, Kickoff, Training, Communicating.
Direction, Motivation, Cooperation, Collaboration.
During a software project Earned Value Analysis is performed and gives the following results:
Which results are correct?
CV: +120,000; SV: +100,000.
CV: +100,000; SV: +120,000.
CV: -100,000; SV: -120,000
CV: -120,000; SV: -100,000.
Which of the following is not normally an element of the Project Charter?
The formal authorization to apply organizational resources to project activities.
Work package descriptions.
The business need that the project was undertaken to address.
The product description or a reference to this document
Which process is applied to break down the project into smaller, more manageable elements?
Activity Duration Estimating.
Which of the following Tools and Techniques are part of Risk Management Planning?
Risk planning meetings.
Data precision rankings.
All of the following statements concerning project stakeholders are true except
Differences between or among stakeholders should be resolved in favor of the customer.
Managing stakeholder expectations may be difficult because stakeholders often have very different objectives, that may come into conflict.
Project stakeholders may influence the course of the project and its results.
Differences between or among stakeholders should be resolved in the most cost efficient manner consistent with project objectives.
Which of the following is the output of Source Selection?