Business of IT - Project Management (D324)

Business of IT - Project Management (D324)

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Free Business of IT - Project Management (D324) Questions

1.

Which of the following is not a best practice for new product development projects?

  • aligning projects and resources with business strategy

  • selecting projects that will take less than two years to provide payback

  • focusing on customer needs in identifying projects

  • assigning project managers to lead projects

Explanation

Correct Answer

B. selecting projects that will take less than two years to provide payback

Explanation

Selecting projects solely based on a quick payback period, such as less than two years, is not necessarily a best practice for new product development. While payback time is an important factor, it should not be the only criterion. Successful new product development projects often involve long-term investment and may take several years to deliver returns. Instead, best practices focus on aligning projects with business strategy, addressing customer needs, and ensuring that projects are properly managed.

Why other options are wrong

A. aligning projects and resources with business strategy

This is a best practice as it ensures that the projects undertaken are in line with the organization's overall goals and strategic direction, making the resources used more effective and aligned with business priorities.

C. focusing on customer needs in identifying projects

Identifying projects based on customer needs ensures that the product development process is market-driven, which increases the likelihood of success by addressing real customer problems and desires.

D. assigning project managers to lead projects

Assigning project managers to lead projects is a best practice to ensure that there is clear leadership, accountability, and management oversight throughout the project lifecycle.


2.

______ is the degree to which a set of inherent characteristics fulfills requirements.

  • Quality

  • Conformance to requirements

  • Fitness for use

  • Reliability

Explanation

Correct Answer

B. Conformance to requirements

Explanation

Conformance to requirements refers to the extent to which a product, service, or result meets the specified standards, requirements, and specifications. It focuses on ensuring that the product is built according to the defined requirements and is consistent with expectations.

Why other options are wrong

A. Quality

While quality is related to meeting requirements, it is a broader concept that includes other factors such as performance, reliability, and customer satisfaction. Conformance to requirements is more specifically focused on meeting the predefined criteria.

C. Fitness for use

Fitness for use refers to whether a product or service is suitable for its intended purpose. While closely related to quality, it does not directly focus on fulfilling specific requirements but rather on the overall effectiveness and suitability of the product for use.

D. Reliability

Reliability refers to the ability of a product or system to perform consistently over time without failure. It is important for quality but does not directly address the degree to which a product fulfills the specific requirements defined for it.


3.

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

  • items in an activity list

  • items on a Gantt chart

  • milestone attributes

  • activity attributes

Explanation

Correct Answer

D. activity attributes

Explanation

Activity attributes are the characteristics and details associated with each project activity. These attributes include predecessors, successors, logical relationships, leads and lags, resource requirements, constraints, imposed dates, and assumptions. These attributes help in planning, scheduling, and managing the activities of the project.

Why other options are wrong

A. items in an activity list

The activity list consists of the identified project activities but does not typically include all of the detailed attributes like logical relationships, leads and lags, or resource requirements. These attributes are part of the activity attributes.

B. items on a Gantt chart

A Gantt chart visually represents the schedule of activities, including their start and finish dates. While it may reflect the relationships between activities, it does not specifically capture all the detailed attributes such as leads, lags, and resource requirements.

C. milestone attributes

Milestone attributes refer specifically to key points in the project timeline. They do not encompass the full range of activity attributes, which include the broader set of details related to each activity.


4.

A work breakdown structure, project schedule, and cost estimates are outputs of the ______ process.

  • initiating

  • planning

  • executing

  • monitoring and controlling

  • closing

Explanation

Correct Answer

B. planning

Explanation

A work breakdown structure (WBS), project schedule, and cost estimates are all key outputs of the planning process. These elements are created to define the scope, schedule, and budget of the project and serve as a foundation for executing and monitoring the project.

Why other options are wrong

A. initiating

Initiating processes involve defining the project and obtaining authorization to proceed but do not include detailed planning elements such as a WBS, project schedule, or cost estimates.

C. executing

Executing processes involve coordinating people and resources to carry out the project plan but do not produce the planning documents such as the WBS, schedule, and cost estimates, which are generated during the planning phase.

D. monitoring and controlling

Monitoring and controlling processes track the progress of the project against the plan, making adjustments as necessary. These processes use the planning documents but do not generate them.

E. closing

Closing processes are focused on finalizing all project activities, completing deliverables, and obtaining acceptance. This phase is concerned with closing out the project, not with the creation of planning documents.


5.

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

  • Six Sigma

  • RUP

  • PMBOK® Guide

  • PRINCE2

Explanation

Correct Answer

D. PRINCE2

Explanation

PRINCE2 (PRojects IN Controlled Environments) is a project management methodology developed in the United Kingdom. It defines 45 separate subprocesses and organizes them into eight distinct process groups. PRINCE2 focuses on project control and structure, providing a systematic approach for managing projects in any environment. It is widely used in the UK and internationally for large-scale and complex projects.

Why other options are wrong

A. Six Sigma

Six Sigma is a data-driven methodology focused on process improvement and defect reduction. It does not define 45 subprocesses or use eight process groups like PRINCE2. Instead, Six Sigma follows a methodology centered around the DMAIC (Define, Measure, Analyze, Improve, Control) process.

B. RUP

RUP (Rational Unified Process) is an iterative software development methodology that focuses on the software development lifecycle. It organizes processes into phases, but it is not structured around 45 subprocesses or eight process groups as PRINCE2 is. RUP emphasizes iterative development rather than detailed project control processes.

C. PMBOK® Guide

The PMBOK® Guide (Project Management Body of Knowledge) provides a framework for managing projects but does not define 45 subprocesses and organize them into eight process groups as PRINCE2 does. PMBOK® includes five process groups (Initiating, Planning, Executing, Monitoring and Controlling, Closing) rather than eight distinct groups.


6.

What approach to developing a WBS involves writing down or drawing ideas in a nonlinear format?

  • top-down

  • bottom-up

  • analogy

  • mind mapping

Explanation

Correct Answer

D. mind mapping

Explanation

Mind mapping is a technique used to develop a WBS in a nonlinear fashion, where ideas are written down or drawn without following a rigid structure. This approach allows for a more flexible and creative way to organize thoughts, making it easier to identify and visualize the relationships between different components of the project.

Why other options are wrong

A. top-down

A top-down approach to developing a WBS starts with the overall project and breaks it down into smaller components in a hierarchical, linear manner. This approach contrasts with mind mapping, which is more free-form and non-linear.

B. bottom-up

The bottom-up approach involves identifying the specific tasks and work packages first and then grouping them into higher-level components. This method is more structured compared to mind mapping and does not focus on non-linear idea generation.

C. analogy

An analogy approach involves using similar, past projects to develop a WBS by drawing parallels. This is a more structured approach and does not involve a nonlinear, creative format like mind mapping.


7.

Which of the four frames of organizations addresses how meetings are run, employee dress codes, and expected work hours?

  • structural

  • human resources

  • political

  • symbolic

Explanation

Correct Answer

A. structural

Explanation

The structural frame of organizations focuses on the formal aspects of an organization, such as its hierarchy, rules, roles, policies, and procedures. This frame is concerned with the organization's architecture, including how meetings are conducted, how tasks are divided, and the formal expectations for things like dress codes and work hours. The structural frame ensures that the organization functions according to established norms and procedures.

Why other options are wrong

B. human resources

The human resources frame focuses on the needs and relationships of the people within the organization. It deals with motivation, morale, and employee well-being. While it may influence employee behavior indirectly, it does not specifically address the structural elements like meetings, dress codes, or work hours.

C. political

The political frame deals with power dynamics, conflicts, and negotiations within the organization. It focuses on the informal and sometimes hidden aspects of an organization, such as alliances, conflicts, and the influence of power structures. This frame does not address the formal, structural elements such as meetings or dress codes.

D. symbolic

The symbolic frame addresses the culture, values, and symbols within the organization. It deals with the deeper meaning behind the rituals, stories, and organizational symbols. While it can influence employee behavior, it is not directly concerned with the operational aspects like meetings or dress codes, which are covered by the structural frame.


8.

Which of these statements is untrue?

  • Most American companies have a project management office.

  • You can earn an advanced degree in project management from hundreds of colleges and universities.

  • Employers are looking for project management skills in new graduates.

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

Explanation

Correct Answer

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

Explanation

Project management certification, particularly the Project Management Professional (PMP) certification, is widely recognized in the industry. IT hiring managers often consider certification as an important factor in determining a candidate's qualifications, and it typically has a positive impact on starting pay. Thus, the claim that project management certification does not affect starting pay is false.

Why other options are wrong

A. Most American companies have a project management office.

A Project Management Office (PMO) is a common entity within organizations that manages project governance, standards, and resources. Many American companies have established PMOs to ensure that projects are executed efficiently and align with organizational goals.

B. You can earn an advanced degree in project management from hundreds of colleges and universities.

Project management is a recognized field of study, and many universities offer advanced degrees (such as Master's or MBA with a focus on Project Management). The availability of such programs is widespread, indicating that this statement is true.

C. Employers are looking for project management skills in new graduates.

Employers often seek project management skills in new graduates because they demonstrate an ability to manage time, resources, and projects effectively. Graduates with these skills are viewed as assets in various roles and industries.


9.

A staffing management plan often includes a resource ______, which is a column chart that shows the number of resources assigned to the project over time.

  • chart

  • graph

  • histogram

  • timeline

Explanation

Correct Answer

C. histogram

Explanation

A resource histogram is a type of bar chart that displays the number of resources assigned to a project over a certain time period. It is used in staffing management plans to visualize resource utilization and identify periods of overuse or underuse.

Why other options are wrong

A. chart

A chart could refer to various types of visual representations of data, not necessarily one that shows resource assignment over time like a histogram.

B. graph

While a graph could show resource assignment over time, the specific term for this in the context of staffing management is a histogram.

D. timeline

A timeline shows the sequence and duration of project activities over time, but it does not focus on the specific number of resources assigned, as a histogram does.


10.

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

  • projects are unique

  • projects are developed using progressive elaboration

  • projects have a primary customer or sponsor

  • projects involve little uncertainty

Explanation

Correct Answer

D. projects involve little uncertainty

Explanation

Projects inherently involve uncertainty because they deal with unique outcomes, and there are always variables that can influence the project’s success. Uncertainty is an expected part of the project lifecycle, as projects often face unknowns that require flexibility and adaptation. Hence, the notion that projects involve little uncertainty is inaccurate.

Why other options are wrong

A. projects are unique

Projects are, by definition, unique endeavors that aim to produce something distinct, whether it's a product, service, or result. The uniqueness is what sets projects apart from repetitive processes.

B. projects are developed using progressive elaboration

Progressive elaboration is a key attribute of projects. It refers to the iterative process of refining and detailing a project plan as more information becomes available and as the project progresses. This allows for better risk management and adaptability throughout the project lifecycle.

C. projects have a primary customer or sponsor

Every project is undertaken with a primary customer or sponsor, which could be an internal or external party. This customer or sponsor has a vested interest in the successful outcome of the project, making it an essential attribute of a project.


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