Om 493 - Study guides, Class notes & Summaries

MC Qu. 01 (Static) Which of the following is NOT... Which of the following is NOT true about an organization's strategy? Strategy determines how an organization will compete. Strategy is implemented through projects. Only top management must understand strategy. Project selection should be clearly aligned with strategy. Project management plays a key role in supporting strategy. Strategy was considered to be under the purview of senior management, but this is old school thinking. Projec...

MC Qu. 01 (Static) Resources are adequate, but demand varies... Resources are adequate, but demand varies widely over the life of the project. Delaying noncritical activities to lower peak demand on resources is known as resource shifting. effectiveness. manipulating. smoothing. allocation. If resources are adequate but the demand varies widely over the life of the project, it may be desirable to even out resource demand by delaying noncritical activities (using slack) to lower peak de...

MC Qu. 01 (Static) Project success or failure often is... Project success or failure often is reliant upon the contributions of all the following groups of stakeholders EXCEPT customers. suppliers. contractors. competitors. top management. Project success does not just depend on the performance of the project team. Success or failure often depends on the contributions of top management, functional managers, customers, suppliers, contractors, and others. References Multiple Choice Dif...

MC Qu. 01 (Static) Information to develop a project network... Information to develop a project network is collected from the organization breakdown structure. work breakdown structure. budget. project proposal. responsibility matrix. The project network is developed from the information collected for the work breakdown structure (WBS) and is a graphic flow chart of the project job plan. References Multiple Choice Difficulty: 2 Medium MC Qu. 01 (Static) Information to develop a pr...

MC Qu. 01 (Static) Without any formal planning, the president... Without any formal planning, the president of a high-tech company remarks in a speech that new technologically advanced routers will be available in one year. This may lead to a project that must be done faster than anticipated. This is an example of reducing project duration caused by imposed project deadlines. time to market. unforeseen project delays. high overhead. incentive contracts. Imposed deadlines are another rea...

MC Qu. 01 (Static) The essence of positive synergy can... The essence of positive synergy can be found in the phrase, "Front of ship sink—back of ship sink." "If it doesn't kill you, it makes you stronger." "There is no ‘I’ in team." "Two heads are better than one." "The whole is greater than the sum of the parts." "If it doesn't kill you, it makes you stronger." The essence of positive synergy can be found in the phrase, "The whole is greater than the sum of the pa...

MC Qu. 01 (Static) Traditional approaches to project management concentrate... Traditional approaches to project management concentrate firmly on thorough planning up front. new technology. flexibility. change. iterative development. Traditional approaches to project management concentrate firmly on thorough planning up front. The rationale is that if you plan, execute your plan, and take corrective action on deviations from plan, you have a high probability of success. References Mu...

MC Qu. 01 (Static) The essence of positive synergy can... The essence of positive synergy can be found in the phrase, "Front of ship sink—back of ship sink." "If it doesn't kill you, it makes you stronger." "There is no ‘I’ in team." "Two heads are better than one." "The whole is greater than the sum of the parts." "If it doesn't kill you, it makes you stronger." The essence of positive synergy can be found in the phrase, "The whole is greater than the sum of the pa...

MC Qu. 01 (Static) Organizational culture has a connection... Organizational culture has a connection to projects. It (organizational culture) is best explained as organizational _____. personality hierarchy reporting relationships background management style A simple explanation of organizational culture is that it reflects the "personality" of an organization. References Multiple Choice Difficulty: 1 Easy MC Qu. 01 (Static) Organizational culture has a connection... Learning ...

MC Qu. 01 (Static) The most common circumstance for project... The most common circumstance for project closure is simply a ________ project. completed overdue over-budget underachieving successful The most common circumstance for project closure is simply a completed project. References Multiple Choice Difficulty: 1 Easy MC Qu. 01 (Static) The most common circumstance for project... Learning Objective: 14-01 Identify different types of project closure.      ...