Adding staff to a project to shorten the project’s length is usually a wise move, because adding staff normally translates into increased productivity

Adding staff to a project to shorten the project’s length is usually a wise move, 

because adding staff normally translates into increased productivity
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Ans: False
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Related questions

. It is not wise to identify tasks for a current project using existing methodology, because methodologies that have been used by an organization for other projects probably will not work for this project without extensive changes.

Description : . It is not wise to identify tasks for a current project using existing methodology,  because methodologies that have been used by an organization for other projects probably will not work for this project without extensive changes.

Last Answer : Ans: False

The most successful project manager usually:1. works their way up from assistants in the project office to full-fledged project managers, supplementing that experience with formal education. 2. Comes right from Harvard's MBA program into managing very large projects. 3. Is considered the technical expert of their field. 4. Has considerable experience as a functional manager before moving into the project management arena.

Description : The most successful project manager usually: 1. works their way up from assistants in the project office to full-fledged project managers,  supplementing that experience with formal ... . Has considerable experience as a functional manager before moving into the project  management arena.

Last Answer : 1. works their way up from assistants in the project office to full-fledged project managers,  supplementing that experience

The time allocation on the advanced marketing module can be used to a. make a greater effort by the sales staff which translates into increased demand for that segment. b. make a greater effort by the sales staff which translates into increased demand for that product. c. there isn’t a time allocation on the advanced marketing module. d. increase the promotional budget resources to increase awareness. e. huh?

Description : The time allocation on the advanced marketing module can be used to a. make a greater effort by the sales staff which translates into increased demand for that segment. b. make a greater ... advanced marketing module. d. increase the promotional budget resources to increase awareness. e. huh?

Last Answer : b. make a greater effort by the sales staff which translates into increased demand for that product.

Estimates from the planning stage will need to be refined as the project progresses, because it is virtually impossible to develop an exact assessment of the project’s schedule before the analysis and design phases are conducted.

Description : Estimates from the planning stage will need to be refined as the project progresses,  because it is virtually impossible to develop an exact assessment of the project’s schedule  before the analysis and design phases are conducted.

Last Answer : Ans: True

Which of the following statements is correct regarding the internal rate of return (IRR) method? A. Each project has a unique internal rate of return. B. As long as you are not dealing with mutually exclusive projects, capital rationing, or unusual projects having multiple sign changes in the cash-flow stream, the internal rate of return method can be used with reasonable confidence. C. The internal rate of return does not consider the time value of money. D. The internal rate of return is rarely used by firms today because of the ease at which net present value is calculated

Description : Which of the following statements is correct regarding the internal rate of return (IRR) method? A. Each project has a unique internal rate of return. B. As long as you are not dealing with ... of return is rarely used by firms today because of the ease at which net present value is calculated

Last Answer : D. The internal rate of return is rarely used by firms today because of the ease at which net present value is calculated.

Which of the following statements is correct regarding the internal rate of return (IRR) method? A. Each project has a unique internal rate of return. B. As long as you are not dealing with mutually exclusive projects, capital rationing, or unusual projects having multiple sign changes in the cash-flow stream, the internal rate of return method can be used with reasonable confidence. C. The internal rate of return does not consider the time value of money. D. The internal rate of return is rarely used by firms today because of the ease at which net present value is calculated.

Description : Which of the following statements is correct regarding the internal rate of return (IRR) method? A. Each project has a unique internal rate of return. B. As long as you are not dealing with ... of return is rarely used by firms today because of the ease at which net present value is calculated.

Last Answer : D. The internal rate of return is rarely used by firms today because of the ease at which net present value is calculated.

Which of the following statements is correct regarding the internal rate of return (IRR) method? A. Each project has a unique internal rate of return B. As long as you are not dealing with mutually exclusive projects, capital rationing, or unusual projects having multiple sigD. The internal rate of return is rarely used by firms today because of the ease at which net present value is calculatedn changes in the cash-flow stream, the internal rate of return method can be used with reasonable confidence. C. The internal rate of return does not consider the time value of money.

Description : Which of the following statements is correct regarding the internal rate of return (IRR) method? A. Each project has a unique internal rate of return B. As long as you are not dealing with ... of return is rarely used by firms today because of the ease at which net present value is calculated

Last Answer : D. The internal rate of return is rarely used by firms today because of the ease at which net present value is calculated.

Sergei, the project manager, is worried about completing the project on time. To increase the productivity of his 15-person team he should create subteams with no more than 10 people on a sub team.

Description : Sergei, the project manager, is worried about completing the project on time. To  increase the productivity of his 15-person team he should create subteams with no more  than 10 people on a sub team.

Last Answer : Ans: True

Once the project is approved and moves into the planninb. The total risk on the project typically reduces as activities are performed without loss. c. Risks must be weighed against the potential benefit of the project’s success in order to decide if the project should be chosen. d. Risks are identified with each major group of activities. e. A risk response plan can be used to identify increasing levels of detailed risk analysisg stage, what happens in the next phase of the project life cycle? Select one: a. Agreements for risk sharing need to be concluded.

Description : Once the project is approved and moves into the planning stage, what happens  in the next phase of the project life cycle? Select one: a. Agreements for risk sharing need to be concluded. ... activities. e. A risk response plan can be used to identify increasing levels of detailed risk analysis

Last Answer : d. Risks are identified with each major group of activities.

Once the project is approved and moves into the planning stage, what happens in the next phase of the project life cycle?Select one: a. Agreements for risk sharing need to be concluded. b. The total risk on the project typically reduces as activities are performed without loss. c. Risks must be weighed against the potential benefit of the project’s success in order to decide if the project should be chosen. d. Risks are identified with each major group of activities. e. A risk response plan can be used to identify increasing levels of detailed risk analysis

Description : Once the project is approved and moves into the planning stage, what  happens in the next phase of the project life cycle? Select one: a. Agreements for risk sharing need to be concluded. ... activities. e. A risk response plan can be used to identify increasing levels of detailed risk analysis

Last Answer : d. Risks are identified with each major group of activities.

How can a firm provide a margin of safety if it cannot borrow on short notice to meet its needs? A. Maintain a low level of current assets (especially cash and marketable securities). B. Shorten the maturity schedule of financing. C. Increasing the level of fixed assets (especially plant and equipmentD. Lengthening the maturity schedule of financing

Description : How can a firm provide a margin of safety if it cannot borrow on short notice to meet its  needs? A. Maintain a low level of current assets (especially cash and marketable securities) ... the level of fixed assets (especially plant and equipment D. Lengthening the maturity schedule of financing

Last Answer : D. Lengthening the maturity schedule of financing

Five dimensions that must be managed on a project (A) Constraint, Quality, Cost, Schedule, Staff (B) Features, Quality, Cost, Schedule, Staff (C) Features, priority, Cost, Schedule, Staff (D) Features, Quality, Cost, Schedule, customer

Description : Five dimensions that must be managed on a project (A) Constraint, Quality, Cost, Schedule, Staff (B) Features, Quality, Cost, Schedule, Staff (C) Features, priority, Cost, Schedule, Staff (D) Features, Quality, Cost, Schedule, customer

Last Answer : (B) Features, Quality, Cost, Schedule, Staff

Which one of the following is a valid project Key Performd. Master schedule.ance Indicator (KPI)? a. Staff appraisals. b. Management buy in. c. Milestone achievement.

Description : Which one of the following is a valid project Key Performance Indicator (KPI)? a. Staff appraisals. b. Management buy in. c. Milestone achievement. d. Master schedule.

Last Answer : c. Milestone achievement.

Which of the following is not considered as a risk in project management? a) Specification delays b) Product competition c) Testing d) Staff turnover

Description : Which of the following is not considered as a risk in project management? a) Specification delays b) Product competition c) Testing d) Staff turnover

Last Answer : c) Testing

Which of the following is not considered as a risk in project management? a) Specification delays b) Product competition c) Testing d) Staff turnover

Description : Which of the following is not considered as a risk in project management? a) Specification delays b) Product competition c) Testing d) Staff turnover

Last Answer : c) Testing

Which one of the following is the last step of project closings?Select one: a. The client has accepted the product. b. Archives are complete. c. The client appreciates your product. d. Lessons learned are documented. e. Temporary staff is released.

Description : Which one of the following is the last step of project closings? Select one: a. The client has accepted the product. b. Archives are complete. c. The client appreciates your product. d. Lessons learned are documented. e. Temporary staff is released.

Last Answer : b. Archives are complete.

Which of the following is not considered as a risk in project management? a) Specification delays b) Product competition c) Testing d) Staff turnover

Description : Which of the following is not considered as a risk in project management? a) Specification delays b) Product competition c) Testing d) Staff turnover

Last Answer : c) Testing

dimensions that must be managed on a project (A)Constraint, Quality, Cost, Schedule, Staff (B)Features, Quality, Cost, Schedule, Staff (C)Features, priority, Cost, Schedule, Staff (D)Features, Quality, Cost, Schedule, customer

Description : dimensions that must be managed on a project (A)Constraint, Quality, Cost, Schedule, Staff (B)Features, Quality, Cost, Schedule, Staff (C)Features, priority, Cost, Schedule, Staff (D)Features, Quality, Cost, Schedule, customer

Last Answer : (B)Features, Quality, Cost, Schedule, Staff

Which of the following is not considered as a risk in project management? a. Specification delays b. Product competition c. Testing d. Staff turnover

Description : Which of the following is not considered as a risk in project management? a. Specification delays b. Product competition c. Testing d. Staff turnover

Last Answer : c. Testing

To complete a 20 person-month project in 10 months, a team should have 4 full-time staff members assigned to the project.

Description : To complete a 20 person-month project in 10 months, a team should have 4 full-time  staff members assigned to the project.

Last Answer : Ans: False

To identify the tasks for a work plan the project manager can _____. a. control and direct the project b. estimate the size, staff the project, and remember technical skills c. establish a possible reporting structure d. list the four phases of the SDLC and the steps that occur in each e. set conservative numbers for the project software

Description : To identify the tasks for a work plan the project manager can _____.  a. control and direct the project  b. estimate the size, staff the project, and remember technical skills  c. establish a ... of the SDLC and the steps that occur in each  e. set conservative numbers for the project software

Last Answer : d. list the four phases of the SDLC and the steps that occur in each

Which one of the following is a valid project Key Performance Indicator (KPI)? a. Staff appraisals. b. Management buy in. c. Milestone achievement.

Description : Which one of the following is a valid project Key Performance Indicator (KPI)?  a. Staff appraisals.  b. Management buy in.  c. Milestone achievement.

Last Answer : c. Milestone achievement.

People participated in or affected by project activities are known as (A) staff (B) stakeholders (C) project team (D) project managers

Description : People participated in or affected by project activities are known as (A) staff (B) stakeholders (C) project team (D) project managers

Last Answer : (B) stakeholders

Five dimensions that must be managed on a project A. Constraint, Quality, Cost, Schedule, Staff B. Features, Quality, Cost, Schedule, Staff C. Features, priority, Cost, Schedule, Staff D. Features, Quality, Cost, Schedule, customer

Description : Five dimensions that must be managed on a project A. Constraint, Quality, Cost, Schedule, Staff B. Features, Quality, Cost, Schedule, Staff C. Features, priority, Cost, Schedule, Staff D. Features, Quality, Cost, Schedule, customer

Last Answer : B. Features, Quality, Cost, Schedule, Staff

A program is usually a group of (A) plans (B) people and work (C) related projects (D) unrelated projects

Description : A program is usually a group of (A) plans (B) people and work (C) related projects (D) unrelated projects

Last Answer : (C) related projects

Project crashing is the method for ------------- A. Shortening the project duration by reducing the time of one or more critical activities B.Adding resources at critical points C.Doing technical analysis of the finished work for review D.Adding duration to each activity

Description : Project crashing is the method for -------------  A. Shortening the project duration by reducing the time of one or more critical  activities  B.Adding resources at critical points  C.Doing technical analysis of the finished work for review  D.Adding duration to each activity

Last Answer : A. Shortening the project duration by reducing the time of one or more critical  activities

Adding people to a project team in order to speed up total development time _____. a. is a standard task in timeboxing b. is a useful way to meet a tight deadline c. may actually increase total development time d. simplifies communication within the team e. none of the above

Description : Adding people to a project team in order to speed up total development time _____.  a. is a standard task in timeboxing  b. is a useful way to meet a tight deadline  c. may actually increase total development time  d. simplifies communication within the team  e. none of the above

Last Answer : c. may actually increase total development time

Tool used for comparison of the proposed project to complete projects of a similar nature whose costs are known. (A) Algorithmic model (B) Expert judgment (C) Top down (D) Analogy

Description : Tool used for comparison of the proposed project to complete projects of a similar nature whose costs are known. (A) Algorithmic model (B) Expert judgment (C) Top down (D) Analogy

Last Answer : (D) Analogy

Which one of the following best describes project managc. Utilizing team members who can work on a project full time. d. Application of processes and methods throughout the project life cycle.ement? a. Using APM’s Body of Knowledge 6th edition as a guide to all projects. b. Employing a project manager who has undertaken similar projects.

Description : Which one of the following best describes project management? a. Using APM's Body of Knowledge 6th edition as a guide to all projects. b. Employing a project manager who has undertaken similar ... on a project full time. d. Application of processes and methods throughout the project life cycle.

Last Answer : d. Application of processes and methods throughout the project life cycle.

An Organizational Breakdown Structure (OBS) is used to identify: a. the reporting structure and current availability of all individuals in the project. b. technical ability and line of communication for all individuals in the project. c. lines of communication and responsibility for all the individual managers in the project. d. the reporting structure and lines of communication for all individuals in the projects.

Description : An Organizational Breakdown Structure (OBS) is used to identify: a. the reporting structure and current availability of all individuals in the project. b. technical ability and line of communication ... . d. the reporting structure and lines of communication for all individuals in the projects.

Last Answer : d. the reporting structure and lines of communication for all individuals in the projects.

The main outcome of risk identification, in a risk management process, is to: a. identify and determine the relative importance of the project risks. b. identify and describe all risks that might occur on the project. c. identify and determine the responses to the project risks. d. identify and describe risks that have occurred on previous projects.

Description : The main outcome of risk identification, in a risk management process, is to: a. identify and determine the relative importance of the project risks. b. identify and describe all risks that ... responses to the project risks. d. identify and describe risks that have occurred on previous projects.

Last Answer : b. identify and describe all risks that might occur on the project.

Which one of the following statements is true? a. Business-as-usual activities cannot be improved. b. Business-as-usual activities are more difficult to manage than projects. c. Projects are transient endeavours that bring about change to business-as-usual. d. A project is always the starting point for operation refinement

Description : Which one of the following statements is true? a. Business-as-usual activities cannot be improved. b. Business-as-usual activities are more difficult to manage than projects. c. Projects are ... change to business-as-usual. d. A project is always the starting point for operation refinement

Last Answer : c. Projects are transient endeavours that bring about change to business-as-usual.

Which of the following statements about risk is true? Select one: a. Project risk focuses on identifying, assessing, and eliminating the risks on the project. b. Risk management is all about eliminating risk. c. Project risk is an uncertain event that, even if it occurs, has no effect on project objectives. d. There are no risk-free projects. e. Risk management involves identification, evaluation, and elevation of risk

Description : Which of the following statements about risk is true? Select one: a. Project risk focuses on identifying, assessing, and eliminating the risks on the project. b. Risk management is all ... are no risk-free projects. e. Risk management involves identification, evaluation, and elevation of risk

Last Answer : d. There are no risk-free projects.

Which of the following statements is true regarding contracts? Select one: a. They are the filters through which project members screen information that is shared. b. They do not lend themselves to create an environment of trust. c. The success of larger, more complex projects is more dependent on contracts than on relationships of trust. d. Without contracts, projects that are highly dependent on an information-rich environment will suffer. e. Contracts promote the growth of a trusting project culture.

Description : Which of the following statements is true regarding contracts? Select one: a. They are the filters through which project members screen information that is shared. b. They do not lend ... information-rich  environment will suffer. e. Contracts promote the growth of a trusting project culture.

Last Answer : b. They do not lend themselves to create an environment of trust.

Determining the policies that are needed for the smooth execution of a project relates to which of the following agenda items of alignment sessions? Select one: a. Developing a common understanding of the project purpose b. Establishing trust among team members c. Engaging stakeholders in dialogue d. Developing role clarification on projects e. Agreeing on the means and methods for accomplishing the purpose

Description : Determining the policies that are needed for the smooth execution of a project  relates to which of the following agenda items of alignment sessions? Select one: a. Developing a common ... role clarification on projects e. Agreeing on the means and methods for accomplishing the purpose

Last Answer : d. Developing role clarification on projects

Fill in the blank. Risk must be considered in the _____ phase and weighed against the potential benefit of the project’s success in order to decide if the project should be chosen. Select one: a. completion b. closeout c. execution d. planning e. initiation

Description : Fill in the blank. Risk must be considered in the _____ phase and weighed against  the potential benefit of the project’s success in order to decide if the project should  be chosen. Select one: a. completion b. closeout c. execution d. planning e. initiation

Last Answer : e. initiation

Fill in the blanks. It is during the ______________ phase that the decision should be made regarding whether the project should continue. During this phase, ____________ must be considered and weighed against the potential benefit of the project’s success. Select one: a. completion, cost b. closeout, resources c. execution, performance d. planning, timing e. initiation, risk

Description : Fill in the blanks. It is during the ______________ phase that the decision should be  made regarding whether the project should continue. During this phase, ____________  must be considered and weighed ... . closeout, resources c. execution, performance d. planning, timing e. initiation, risk

Last Answer : e. initiation, risk

The ____ of project closeout the assessment is to document the best practices and lessons learned for use on future projects.

Description : The ____ of project closeout the assessment is to document the best practices and  lessons learned for use on future projects.

Last Answer : Ans. Primary purpose

A ____ of activities that are used to achieve the project’s goals or objectives is known as the project life cycle.

Description : A ____ of activities that are used to achieve the project’s goals or objectives is known as  the project life cycle.

Last Answer : Ans. Rational order

Tool used for comparison of the proposed project to complete projects of a similar nature whose costs are known. (A)Algorithmic model (B)Expert judgment (C)Top down (D)Analogy

Description : Tool used for comparison of the proposed project to complete projects of a similar nature whose costs are known. (A)Algorithmic model (B)Expert judgment (C)Top down (D)Analogy

Last Answer : (D)Analogy

A Firm is considering undertaking a project that would yield annual profits (after depreciation) of Rs 68,000 for 5 years. The initial outlay of the project would be Rs 800,000 and the project's assets would have a residual value of Rs 50,000 at the end of the project. What would be the accounting rate of return for this project? A 16% B 8.5% C 8.0% D 9.1%

Description : A Firm is considering undertaking a project that would yield annual profits (after  depreciation) of Rs 68,000 for 5 years. The initial outlay of the project would be Rs  800,000 and the project's assets would have ... accounting rate of return for this project?  A 16%  B 8.5%  C 8.0%  D 9.1%

Last Answer : A 16%

Conflict occurrence in projects is A. Unavoidable B. Depend on type of project C. Avoidable D. Depends on culture

Description : Conflict occurrence in projects is  A. Unavoidable  B. Depend on type of project  C. Avoidable  D. Depends on culture

Last Answer : A. Unavoidable

The traditional Work Breakdown Structure makes it easy to compare the current project with past projects.

Description : The traditional Work Breakdown Structure makes it easy to compare the current  project with past projects.

Last Answer : Ans: False

The hurricane model implies that project estimates become more accurate as the project's product becomes better understood.

Description : The hurricane model implies that project estimates become more accurate as the  project's product becomes better understood.

Last Answer : Ans: True

The document that describes the project’s objectives and rules is called the project charter.

Description : The document that describes the project’s objectives and rules is called the project  charter.

Last Answer : Ans: True

A key factor in staffing a project involves motivating people to meet the project’s objectives, and the most effective way to do this is through the use of money and bonuses.

Description :  A key factor in staffing a project involves motivating people to meet the project’s  objectives, and the most effective way to do this is through the use of money and bonuses.

Last Answer : Ans: False

One of the greatest weaknesses of systems consulting firms is that they try to apply estimates and methodologies that they have developed over time and applied to other projects, most of which are very different from the current project.

Description : One of the greatest weaknesses of systems consulting firms is that they try to apply  estimates and methodologies that they have developed over time and applied to other  projects, most of which are very different from the current project.

Last Answer : Ans: False

Unlike traditional Work Breakdown Structures (WBS), evolutionary WBSs are a. organized in a standard manner across all projects b. created in an iterative and incremental manner c. designed so one can compare the current project to past projects d. all of the above e. none of the above

Description : Unlike traditional Work Breakdown Structures (WBS), evolutionary WBSs are  a. organized in a standard manner across all projects  b. created in an iterative and incremental manner  c. designed so one can compare the current project to past projects  d. all of the above  e. none of the above

Last Answer : d. all of the above