Requirements Management has a high initial start-up cost but does not need ongoing funding throughout a project. a) True b) False

Requirements Management has a high initial start-up cost but 

does not need ongoing funding throughout a project.

a) True

b) False
by

1 Answer

Answer :

b) False
by

Related questions

A Project with a total funding of $100,000 finished with a BAC value of $95,000. What term can BEST describe the difference of $5,000? A. Cost Variance B. Management Overhead C. Management Contingency Reserve D. Schedule Variance

Description : A Project with a total funding of $100,000 finished with a BAC value of $95,000. What term can BEST describe the difference of $5,000? A. Cost Variance B. Management Overhead C. Management Contingency Reserve D. Schedule Variance

Last Answer : C. Management Contingency Reserve

A Project with a total funding of $100,000 finished with a BAC value of $95,000. What term can BEST describe the difference of $5,000? A. Cost Variance B. Management Overhead C. Management Contingency Reserve D. Schedule Variance

Description : A Project with a total funding of $100,000 finished with a BAC value of $95,000. What term  can BEST describe the difference of $5,000? A. Cost Variance B. Management Overhead C. Management Contingency Reserve D. Schedule Variance

Last Answer : C. Management Contingency Reserve

You are a project manager for Cinema Snicker Productions. Your company specializes in producing comedy films for the big screen. Your latest project has just been cancelled because of budget cuts. Which of the following statements is true? A. This project ended due to starvation because the funding was cut off. B. This project ended due to integration because the resources were distributed elsewhere. C. This project ended due to starvation because the resources were distributed elsewhere. D. This project ended due to integration because the funding was cut off.

Description : You are a project manager for Cinema Snicker Productions. Your company  specializes in producing comedy films for the big screen. Your latest project has just been  cancelled because of budget cuts ... elsewhere. D. This project ended due to integration because the funding was cut off.

Last Answer : A. This project ended due to starvation because the funding was cut off.

Earned value management integrates scope, cost, and schedule measures to: A. assess project performance and progress. B. develop a preliminary budget. C. assess communication effectiveness among project team members. D. assess whether all requirements were met.

Description : Earned value management integrates scope, cost, and schedule measures to:  A. assess project performance and progress.  B. develop a preliminary budget. C. assess communication effectiveness among project team members. D. assess whether all requirements were met.

Last Answer : A. assess project performance and progress.

. A key aspect of managing a project involves: a. definingb. identifying routine tasks. c. ensuring ongoing operations are maintained. d. planning to achieve defined objectives which operational systems to put in place.

Description : . A key aspect of managing a project involves: a. defining which operational systems to put in place. b. identifying routine tasks. c. ensuring ongoing operations are maintained. d. planning to achieve defined objectives

Last Answer : d. planning to achieve defined objectives.

How does a project differ from an ongoing work effort? A. It is unique B. It involves more than one person C. It has a project manager D. It is not a repetitive process that follows an organization’s existing procedures (Ans.)

Description : How does a project differ from an ongoing work effort?  A. It is unique B. It involves more than one person C. It has a project manager D. It is not a repetitive process that follows an organization’s existing procedures  (Ans.)

Last Answer : D. It is not a repetitive process that follows an organization’s existing procedures  (Ans.)

A key aspect of managing a project involves: a. defining which operational systems to put in place. b. identifying routine tasks. c. ensuring ongoing operations are maintained. d. planning to achieve defined objectives.

Description : A key aspect of managing a project involves:  a. defining which operational systems to put in place. b. identifying routine tasks.  c. ensuring ongoing operations are maintained.  d. planning to achieve defined objectives.

Last Answer : d. planning to achieve defined objectives.

Requirements Management is a prerequisite for Quality-Oriented Development. a) True b) False

Description : Requirements Management is a prerequisite for Quality-Oriented  Development. a) True b) False

Last Answer : a) True

Requirements traceability is one of the most important part requirement management. It may also be referred to as the heart of requirement management. a) True b) False

Description : Requirements traceability is one of the most important part requirement management. It may also be referred to as the heart of requirement management. a) True b) False

Last Answer : a) True

The chain of the activities is based on technical requirements, not on management................................... a) True b) False

Description : The chain of the activities is based on technical requirements, not on management................................... a) True b) False

Last Answer : a) True

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 ud. Application of processes and methods throughout the project life cycle.ndertaken similar projects. c. Utilising team members who can work on a project full time.

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 ... 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.

Ahmed is actively initiating a project, so he plans to invite all relevant internal and external stakeholders including sponsors, customers, project teams, etc. for a kick-off meeting. To ensure all of them are covered in the stakeholder register, which document is the most helpful for Ahmed to look at? Select one: a. Project team activities b. Scope statement c. Project charter d. Work packages e. Project funding agents

Description : Ahmed is actively initiating a project, so he plans to invite all relevant  internal and external stakeholders including sponsors, customers, project  teams, etc. for a kick-off meeting. To ensure all ... b. Scope statement c. Project charter d. Work packages e. Project funding agents

Last Answer : c. Project charter

) One of the initial project documents, issued by senior management, which outlines the authority of the project manager, is called Project charter. As a seller, what other document can be used in this place: 1. Work breakdown structure 2. Project scope 3. Contract 4. Internal memo

Description : ) One of the initial project documents, issued by senior management, which outlines the  authority of the project manager, is called Project charter. As a seller, what other document can  be used in this place: 1. Work breakdown structure  2. Project scope  3. Contract  4. Internal memo

Last Answer : 3. Contract

The contract administration function includes: 1. funding management 2. managing relationships and interfaces 3. performance control 4. all of the above

Description : The contract administration function includes: 1. funding management  2. managing relationships and interfaces  3. performance control  4. all of the above

Last Answer : 4. all of the above

Which one of the following statements is true?a. An increase in project scope is likely to increase project cost. b. A decrease in the project time is likely to increase project quality. c. An increase in the project quality requirements is likely to decrease project cost. d. A decrease in the project cost is likely to decrease project time.

Description : Which one of the following statements is true? a. An increase in project scope is likely to increase project cost. b. A decrease in the project time is likely to increase project quality. c. ... to decrease project cost. d. A decrease in the project cost is likely to decrease project time.

Last Answer : a. An increase in project scope is likely to increase project cost.

Which one of the following statements is true? a. An increase in project scope is likely to increase project cost. b. A decrease in the project time is likely to increase project quality. c. An increase in the project quality requirements is likely to decrease project cost. d. A decrease in the project cost is likely to decrease project time.

Description : Which one of the following statements is true?  a. An increase in project scope is likely to increase project cost.  b. A decrease in the project time is likely to increase project quality.  c. ... to decrease project cost.  d. A decrease in the project cost is likely to decrease project time.

Last Answer : a. An increase in project scope is likely to increase project cost.

Which of the following is the most important element ofA. Risk Management activities B. Quality Assurance activities C. Activity Resource requirements D. Budget Control activities Project Management Plan that is useful in HR Planning process:

Description :  Which of the following is the most important element of Project Management Plan that is useful in HR Planning process: A. Risk Management activities B. Quality Assurance activities C. Activity Resource requirements D. Budget Control activities

Last Answer : C. Activity Resource requirements

According to the Project Management Institute (PMI), project management is defined as “the application of knowledge, _____, _____, and techniques to project activities to meet the project requirements”. Select one: a. skills, analysis b. tools, analysis c. analysis, theories d. skills, tools e. skills, theories

Description : According to the Project Management Institute (PMI), project  management is defined as the application of knowledge, _____, _____, and  techniques to project activities to meet the project requirements . Select ... b. tools, analysis c. analysis, theories d. skills, tools e. skills, theories

Last Answer : d. skills, tools

Project leader role will require an individual with strong management skills. (True/False)

Description : Project leader role will require an individual with strong management skills. (True/False)

Last Answer : ns. True

The players in project management are the individuals and the organisations. (True/False)

Description : The players in project management are the individuals and the organisations.  (True/False)

Last Answer : Ans. True

The function of project initiation is to describe all the parameters of a project and establish the suitable project management and excellence environment necessary to complete the project. (True/False)

Description : The function of project initiation is to describe all the parameters of a project and  establish the suitable project management and excellence environment necessary to  complete the project. (True/False)

Last Answer : Ans. True

Project management provides the project managers and team members with the principles they require to effectively meet the needs of the customer. (True/False)

Description : Project management provides the project managers and team members with the  principles they require to effectively meet the needs of the customer. (True/False)

Last Answer : Ans. True

Project management is a rationally planned and organised effort to achieve a specific goal. (True/False)

Description : Project management is a rationally planned and organised effort to achieve a specific  goal. (True/False)

Last Answer : Ans. True

Project Integration Management ensures that various elements of a project are properly integrated and coordinated for smooth flow of information and resources. (True/False)

Description : Project Integration Management ensures that various elements of a project are properly  integrated and coordinated for smooth flow of information and resources. (True/False)

Last Answer : Ans. True

Project Human Resource Management ensures that the most appropriate manpower with necessary skills is deployed for effective execution of the desired project. (True/False)

Description : Project Human Resource Management ensures that the most appropriate manpower with necessary skills is deployed for effective execution of the desired project. (True/False)

Last Answer : Ans. True

Project management is the job of organising, coordinating, and controlling the various tasks and resources in order to successfully complete a project. (True/False

Description : Project management is the job of organising, coordinating, and controlling the various  tasks and resources in order to successfully complete a project. (True/False

Last Answer : Ans. True

Which one of the following statements best defines an estimate? a. An approximation of project time and cost targets, refined throughout the project life cycle. b. A prediction of a future condition or event based on information or knowledge available now. c. The value of useful work done at any given point in a project to give a measure of progress. d. A situation that affects or influences the outcome of the project expressed in time or cost terms

Description : Which one of the following statements best defines an estimate? a. An approximation of project time and cost targets, refined throughout the project life cycle. b. A prediction of a future ... . A situation that affects or influences the outcome of the project expressed in time or cost terms

Last Answer : a. An approximation of project time and cost targets, refined throughout the project life cycle.

Which one of the following statements best defines an estimate? a. An approximation of project time and cost targets, refined throughout the project life cycle. b. A prediction of a future condition or event based on information or knowledge available now. c. The value of useful work done at any given point in a project to give a measure of progress. d. A situation that affects or influences the outcome of the project expressed in time or cost terms.

Description : Which one of the following statements best defines an estimate?  a. An approximation of project time and cost targets, refined throughout the project life  cycle.  b. A prediction of a future ... . A situation that affects or influences the outcome of the project expressed in time or cost terms.

Last Answer : a. An approximation of project time and cost targets, refined throughout the project life  cycle.

Complete the following statement. As a project manager, Darrell is excited that he is assigned to be in charge of the most important project this year. After being chartered for the project, he analyses the information in the project charter and the stakeholder register to: Select one: a. decide how to draft a scope statement. b. start to define and develop the stakeholder needs and requirements c. prepare for the template to monitor project progress. d. estimate the entire project budget.

Description : Complete the following statement. As a project manager, Darrell is  excited that he is assigned to be in charge of the most important project  this year. After being chartered for the project, he ... c. prepare for the template to monitor project progress. d. estimate the entire project budget.

Last Answer : b. start to define and develop the stakeholder needs and requirements

Which of the following is not correct about initial phase of a project? a. The cost associated at the beginning of the project is highest. b. Stakeholders have maximum influence during this phase c. The highest uncertainty is at this stage of the project. d. All the above statements are correct.

Description : Which of the following is not correct about initial phase of a project? a. The cost associated at the beginning of the project is highest. b. Stakeholders have maximum influence during this phase c. The highest uncertainty is at this stage of the project. d. All the above statements are correct.

Last Answer : a. The cost associated at the beginning of the project is highest.

Which of the following is not correct about initial phase of a project? a. The cost associated at the beginning of the project is highest. b. Stakeholders have maximum influence during this phase c. The highest uncertainty is at this stage of the project. d. All the above statements are correct.

Description : Which of the following is not correct about initial phase of a project? a. The cost associated at the beginning of the project is highest. b. Stakeholders have maximum influence during this phase c. The highest uncertainty is at this stage of the project. d. All the above statements are correct.

Last Answer : a. The cost associated at the beginning of the project is highest.

Which of the following project baselines provides the basis for measurement of the expected cash flow against requirements over time and is often displayed as an S curve? Select one: a. Schedule baseline b. Cost performance baseline c. Scope baseline d. Plan baseline e. Initiation baseline

Description : Which of the following project baselines provides the basis for measurement of  the expected cash flow against requirements over time and is often displayed as an  S curve? Select one: a. Schedule baseline b. Cost performance baseline c. Scope baseline d. Plan baseline e. Initiation baseline

Last Answer : b. Cost performance baseline

On a project the project manager should strive for a "Quality Level" that : 1. is the highest level possible 2. is as close to the project objectives as possible 3. represents the least cost to the project. 4. Exceeds the specified requirements of the project.

Description : On a project the project manager should strive for a "Quality Level" that : 1. is the highest level possible  2. is as close to the project objectives as possible  3. represents the least cost to the project.  4. Exceeds the specified requirements of the project.

Last Answer : 2. is as close to the project objectives as possible

Which one of the following statements is true? a. Independ. Quality planning enables the project manager to manage the trade-off between customer expectations and budgetdent reviews and quality audits form part of quality assurance to ensure the project manager delivers on time and to budget. b. Quality assurance provides confidence to stakeholders that requirements for quality will be exceeded. c. Quality control verifies that the project deliverables conform to specification, are fit for purpose and meet stakeholder expectations.

Description : Which one of the following statements is true? a. Independent reviews and quality audits form part of quality assurance to ensure the project manager delivers on time and to budget. ... Quality planning enables the project manager to manage the trade-off between customer expectations  and budget

Last Answer : c. Quality control verifies that the project deliverables conform to specification, are fit for purpose and  meet stakeholder expectations.

Which one of the following statements is true? a. Independent reviews and quality audits form part of quality assurance to ensure the project manager delivers on time and to budget. b. Quality assurance provides confidence to stakeholders that requirements for quality will be exceeded. c. Quality control verifies that the project deliverables conform to specification, are fit for purpose and meet stakeholder expectations. d. Quality planning enables the project manager to manage the trade-off between customer expectations and budget.

Description : Which one of the following statements is true?  a. Independent reviews and quality audits form part of quality assurance to ensure the project  manager delivers on time and to budget. ... planning enables the project manager to manage the trade-off between customer  expectations and budget.

Last Answer : c. Quality control verifies that the project deliverables conform to specification, are fit for  purpose and meet stakeholder expectations.

The project manager works with the project sponsor to identify the necessary resources and team members needed to further develop the key project parameters – Cost, Scope, Schedule, and Quality (CSSQ). (True/False)

Description : The project manager works with the project sponsor to identify the necessary resources  and team members needed to further develop the key project parameters – Cost, Scope,  Schedule, and Quality (CSSQ). (True/False)

Last Answer : Ans. True

Scope, cost, and schedule are some of the parameters used for project negotiation. (True/False)

Description : Scope, cost, and schedule are some of the parameters used for project negotiation.  (True/False)

Last Answer : Ans. True

In the initial stage of the project the probability of comple(C) Low (D) Any of the aboveting the project is ___ . (A) Zero (B) High

Description : In the initial stage of the project the probability of completing the project is ___ . (A) Zero (B) High (C) Low (D) Any of the above

Last Answer : (C) Low

In the initial stage of the project the probability of completing the project is . (A)Zero (B)High (C)Low (D)Any of the above

Description : In the initial stage of the project the probability of completing the  project is . (A)Zero (B)High (C)Low (D)Any of the above

Last Answer : (C)Low

.In the initial stage of the project the probability of completing the project is ___ . A.Zero B.High C.Low D.Medium

Description : .In the initial stage of the project the probability of completing the project is ___ .   A.Zero  B.High  C.Low  D.Medium

Last Answer : C.Low

Project management is the process of planning and controlling the development of a system within a specified time frame at a minimum cost with the right functionality. Ans: True

Description : Project management is the process of planning and controlling the development of a  system within a specified time frame at a minimum cost with the right functionality.  Ans: True

Last Answer : Ans: True

A project has the following cash inflows Rs.34,444; Rs.39,877; Rs.25,000; and Rs.52,800 for years 1 through 4, respectively. The initial cash outflow is Rs.104,000. Which of the following four statements is correct concerning the project internal rate of return (IRR)? A. The IRR is less than 10%. B. The IRR is greater than or equal to 10%, but less than 14%. C. The IRR is greater than or equal to 14%, but less than 18%. D. The IRR is greater than or equal to 18%.

Description : A project has the following cash inflows Rs.34,444; Rs.39,877; Rs.25,000; and Rs.52,800 for years 1 through 4, respectively. The initial cash outflow is Rs.104,000. Which of the following four statements ... than or equal to 14%, but less than 18%. D. The IRR is greater than or equal to 18%.

Last Answer : C. The IRR is greater than or equal to 14%, but less than 18%.

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.

The accuracy of an estimate should: a. decrease as a project progresses through its life cycle. b. increase as a project progresses through its life cycle. c. stay constant throughout the project life cycle. d. vary independently of where the project is in its life cycle.

Description : The accuracy of an estimate should: a. decrease as a project progresses through its life cycle. b. increase as a project progresses through its life cycle. c. stay constant throughout the project life cycle. d. vary independently of where the project is in its life cycle.

Last Answer : b. increase as a project progresses through its life cycle.

One of the reasons a project life cycle is split into phases ic. mirror the major deployments of resources throughout the project. d. chunk work into time periods of similar durations.s to: a. facilitate formal go/no-go decision making during the project. b. balance the costs of work in each phase of project development.

Description : One of the reasons a project life cycle is split into phases is to: a. facilitate formal go/no-go decision making during the project. b. balance the costs of work in each phase of ... the major deployments of resources throughout the project. d. chunk work into time periods of similar durations.

Last Answer : a. facilitate formal go/no-go decision making during the project.

Which of the following establishes key dates throughout thb. Ballpark estimate c. Pert diagram d. Slack chart e. Milestone schedulee life of a project that must be met for the project to finish on time? Select one: a. Critical path

Description : Which of the following establishes key dates throughout the life of a project that  must be met for the project to finish on time? Select one: a. Critical path b. Ballpark estimate c. Pert diagram d. Slack chart e. Milestone schedule

Last Answer : e. Milestone schedule

Work that continues throughout the project and does not relate to any specific phase of development is termed a(n) a) Milestone b) Project function c) Activity d) Task e) Baseline.

Description : Work that continues throughout the project and does not relate to  any specific phase of development is termed a(n) a) Milestone b) Project function c) Activity d) Task e) Baseline.

Last Answer : b) Project function

What is a project phase? A. A collection of logically related project activities that culminate in the completion of one or more deliverables (Ans.) B. A singular activity that completes a deliverable C. Consists of work that has very similar parts D. A consistent period of time that is used throughout a project

Description : What is a project phase? A. A collection of logically related project activities that culminate in the completion  of one or more deliverables (Ans.)  B. A singular activity that completes a ... that has very similar parts D. A consistent period of time that is used throughout a project

Last Answer : A. A collection of logically related project activities that culminate in the completion  of one or more deliverables (Ans.)

The accuracy of an estimate should: a. decrease as a project progresses through its life cycle. b. increase as a project progresses through its life cycle. c. stay constant throughout the project life cycle. d. vary independently of where the project is in its life cycle.

Description : The accuracy of an estimate should:  a. decrease as a project progresses through its life cycle.  b. increase as a project progresses through its life cycle.  c. stay constant throughout the project life cycle.  d. vary independently of where the project is in its life cycle.

Last Answer : b. increase as a project progresses through its life cycle.