Project Management Final Exam
Project Management Final Exam
Final Exam
Please select the most appropriate answer the following (MCQ) questions (Q # 1 to Q #
13): (26 points of the total exam score)
1- A project is:
a. A group of related projects managed in a coordinated way to obtain the benefits and
control not available from managing them individually.
b. A temporary endeavor undertaken to create a unique product, service or result.
c. An organizational function performing the ongoing execution of activities that produce
the same product or provide a repetitive service.
d. A function of operations that focuses on sustaining business that may have a one-time
configuration or ongoing processes.
e. A seemingly insurmountable challenge that when approached in a systematic way
makes it appear doable, if only temporarily.
2- Project management is:
a. The centralized coordinated management of a program to achieve the program’s
strategic objectives and benefits.
b. The application of information systems to manage in a coordinated way a group of
related projects.
c. The centralized coordination of operations and programs to achieve the program’s
strategic objectives and benefits.
d. The application of knowledge, skills, tools and techniques to project activities to meet
the project requirements.
3- Portfolio management is about
a. Managing financial projects
b. Managing related projects
c. Managing long projects
d. Managing projects that could be relevant or irrelevant to achieve strategic objectives
4- Project stakeholders
a. Are supportive to the project
b. Present Obstacle on the project
c. Can influence the project based on their power
d. Have less power over the PM
5- One of the most important characteristics of an effective project manager is to be able to:
a. Communicate clearly and effectively with all stakeholders.
b. Be able to understand and do all of the technical work required to complete the project.
c. Create excellent quality plans.
______________________________________________________
9- For the following Network diagram: Calculate the total duration of the project and highlight the
Task B
2 2
Task A Task D
6
Task C
b. 10 days, Critical
a. 10 days, Critical path: ABD path: ACD
c. 11 days, Critical path: ACD ES OD EF
d. 10 days, Critical path: ABD Task Name
LS TF LF
______________________________________________________
b. Flowchart
a. Balancing the competing project constraints, which include scope, quality, schedule,
budget, resources, and risks.
12- All of the following statements about the project life cycle and the product life cycle are true
EXCEPT:
a. In the project predictive life cycle, the project scope, and the time and cost required to
deliver that scope, are determined as early in the project life cycle as practically possible.
b. In the project iterative and incremental life cycles, project phases intentionally repeat
one or more project activities as the project team's understanding of the product
increases.
c. The product life cycle is the series of phases that represent the evolution of a product,
from concept through delivery, growth, maturity, and to retirement.
d. The product life cycle is contained within the predictive project life cycle.
c. Helps to ensure that the project continues regardless of changes in the success criteria.
d. Helps to ensure continuous employment of project team members even if the project is
unlikely to satisfy the business need that it was undertaken to address.
Most management models identify three basic management processes that serve to organize the ongoing activity
of the enterprise:
• Planning-devising a workable scheme to accomplish an objective
• Executing-carrying out the plan
• Controlling—measuring progress and taking corrective action when necessary
These processes occur at all levels of the enterprise, in many different forms, and under many different names.
For example, planning is a constant, not a onetime event.
. A senior manager may develop a strategic plan that looks out 5-10 years, or a crisis response plan that addresses
5-10 days.
. A line manager may develop an organization plan and execute it with the aid of an annual staffing plan.
. Major corrective action may require a plan of its own.
Although there are many variations on this basic model, all view management as an ongoing activity with neither
a clear beginning nor an expected end (except as an event to be avoided). Projects, however, are temporary;
they have both an identifiable starting point and an emphasis on timely future termination. Projects thus
include two additional basic management processes:
• Initiating—setting overall project direction and defining project objectives
• Closing—formalizing acceptance of the product of the project and bringing the project itself to an end
These additional processes also occur at all levels of the project, in many different forms, and under many
different names. For example, the initiating process may be called feasibility analysis while the closing process
may be called turnover or start-up.
Basic Project Management Processes Basic Project Management Processes Over Time
Detail Planning Process Relationships
Initiating
This basic process includes only one detail process:
• Concept development—describing the product of the project, documenting initial project objectives, and
assigning a project manager.
Planning
Planning is of major importance on a project—you are doing something unique and you only get one chance to
get it right. As a result, there are relatively more detail processes in this section. However, the number of
processes does not mean that project management is primarily planning—the amount of planning should
always be commensurate with the scope of the project.
The relationships among the project planning processes are shown in Figure 3.3 (note that this chart is an
explosion of the ellipse labeled “planning” in Figure 3.1 ). These processes are subject to frequent iterations
prior to completing the plan. For example, if the initial completion date is too late, project scope may need to
be reduced or costs increased.
Some detail planning processes have clear dependencies that require them to be performed in sequence. For
example, tasks must be defined before they can be scheduled or costed. The dependent planning processes
include:
• Scope definition-developing a written scope statement that includes the project justification, the major
deliverables, and the project objectives
• Project definition—decomposing the major deliverables into more granular deliverables to provide better
control (the top levels of the Work Breakdown Structure)
• Task definition—identifying the tasks that will be performed in order to produce the project's deliverables (the
lower levels of the WBS)
• Task sequencing—identifying dependencies among tasks
• Duration estimating—estimating the probable duration of individually scheduleable tasks and activities
• Schedule development—determining and documenting specific dates for tasks
• Cost estimating—developing initial estimates of the overall project cost
• Cost budgeting—developing detail estimates of the cost of individual tasks
• Plan integration—creating and documenting a coherent project plan from the outputs of the other planning
processes
Basic Project Management Processes and the Project Life Cycle
Interactions among other planning processes are more dependent on the nature of the project. For example, on
some projects, there may be little or no identifiable risk until after most of the planning has been done and
the team recognizes that the cost and schedule targets are extremely aggressive and involve considerable
risk. These facilitating processes are performed sporadically throughout the course of project planning. They
include:
• Quality planning—determining how to ensure that the project quality objectives will be met
• Role and responsibility definition—determining the broad outlines of project responsibilities
• Organization planning—deciding how the project will be organized, establishing reporting relationships
• Project staffing—deciding who will fill what positions and assume which roles and responsibilities over time
• Communications planning—determinng who needs what information, when they will need it, and how it will be
given to them
• Risk identification—determining which risks are likely to affect the project
• Risk assessment—quantifying and evaluating the probability of risk occurrence and risk impact
• Solution development—defining deflection and mitigation steps for downside risk and enhancement steps for
opportunities
• Procurement planning—deciding what items will be obtained under contract and how such contracts will be
defined and awarded
• Solicitation—identifying possible sources for contractual services and obtaining responses from them
• Procurement—negotiating and contracting for outside products and services
Executing
This basic process includes the following detail processes:
• Plan execution—carrying out the project plan by performing the tasks identified therein and managing the
various technical and organizational interfaces
• Contract administration—managing the contractual aspects of the procured products and services
Controlling
Project progress must be measured regularly to identify variances from the plan as well as to determine when the
project is finished. Variances are fed into the control processes in the various knowledge areas. To the extent
that significant variances are observed (e.g., those that jeopardize the project objectives), adjustments to the
plan are made by repeating the appropriate project planning processes. For example, a missed task finish
date may require adjustments to the current staffing plan, reliance on overtime, or trade-offs between budget
and schedule objectives.
• Progress measurement and reporting—collecting and disseminating progress information
• Scope change management—documenting and controlling changes to project scope
• Quality control—measuring project deliverables and activities to assess whether quality objectives are being
met
• Quality improvement—evaluating project performance on a regular basis to determine how to improve project
quality
• Time/schedule control—controlling and responding to schedule changes
• Cost control—controlling and responding to cost changes
• Risk control—responding to changes in risk over the course of the project
Closing
This basic process includes the following detail processes:
• Scope verification-ensuring that the project deliverables have been completed satisfactorily
• Contract close-out—resolution of any outstanding administrative matters and archiving of contract
documentation
• Project closure—gathering and disseminating information to formalize project completion
SCOPE DEFINITION
Scope definition is the process of developing a written scope statement as a foundation for future project
activities. The scope statement forms the basis for an agreement between the project team and the project
customer by (1) defining the major project deliverables and (2) formally documenting the project objectives.
Proper scope definition is critical to project success. “When there is poor scope definition, final project costs can
be expected to be higher because of the inevitable changes which disrupt project rhythm, cause rework,
increase project time and lower the productivity and morale of the workforce.” (CII, 1986)
Although closely related, scope definition should not be confused with product definition. When the product of
the project is unknown or uncertain (e.g., when developing a product that relies on innovative technology),
the scope of the project can still be properly defined by documenting known areas of uncertainty and
acknowledging that project scope may need to be modified as these areas are clarified.
20 m
End of Exam / Good Luck ,,,,