stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
inen 406 test 1 Flashcards | StudBud
Explore
/
inen 406 test 1
inen 406 test 1
54 terms
·
StudBud Administration
Imported from external platform
Flashcards
54 cards
F
Practice quiz
P
Host live
L
Questions
54
Answers
1
what is strategic management
planning schedules
process of assessing "what we are" and deciding "what we are going to be"
budgeting
2
last activity of the strategic management process is
set objectives to achieve strategies
analyze and formulate strategies
implement strategies through projects
review and define org mission
3
types of project management office includes
control tower, watcher, monitor, post transition
weather station control tower, resource pool, command and control center
weather station, control tower, watcher, pools
command center, swimmer, control tower, weather station
4
project npv
False
True
5
sociocultural approach is
contradictions and paradoxes, creates a temp social system and culture
formal, disciplined, pure logic, planning, controlling, etc
6
each work package in the WBS defines: what (work), when (time to complete), ($), how many (units), who (owner), why
False
True
7
smart is
specific, money , assignable, time related
smart , measurable , assignable, time related
specific, measurable, assignable, tough
specific, measurable, assignable, time related
8
what is the first in the project life cycle
defining
closing
executing
planning
9
first activity of the strategic management process is
analyze and formulate strategies
implement strategies through projects
review and define org mission
set objectives to achieve strategies
10
third activity of the strategic management process is
set objectives to achieve strategies
implement strategies through projects
review and define org mission
analyze and formulate strategies
11
what is the third in the project life cycle
closing
planning
defining
executing
12
three views of cost are
commitment, reality, support
commitment, actual, emergency
commitment, budget, actual
actual, hypothetical, emergency
13
program is
routines
random projects
a group of related projects designed to accomplish a common goal over time
one singular project
14
rate of return
estimated project cost / annual savings
annual savings / estimated project cost * 100
estimated project cost/ annual savings * 100
annual savings / estimated project cost
15
What is a project
routine work
a temporary endeavor to create a unique product, service, or result
undefined ideas
a permanent endeavor to create a unique product, service, or result
16
What are the two types of project estimating
macro
micro
large
small
17
what is the last in the project life cycle
defining
planning
closing
executing
18
project charter
authorizes PM to initiate and lead the project
says what values are
SOWS
tendency for project scope to expand over time
19
what are the three types of matrix structure
low, medium, high
weak, strong, mixed
weak, mixed, hyper
weak, balanced, strong
20
four aspects of estimating
numbers, time, cost, accuracy
variety, ideas, consumption, confidence
range, accuracy, precision, confidence
21
functional is used when
when you are more focused on projects than day to day operations
when you dont have many projects
theres a lot of projects
when you have a project manager
22
PMI is
people management institute
project management institute
professional management institute
problem management institute
23
selection criteria are: financial, nonfinancial, organization politics
True
False
24
which of the following is not a method for macro
consensus, ratio
learning curves
template and range estimating
function point methods for software and system projects
25
when should you used dedicated teams
when you have some projects but not an abundance
when you dont have many projects
26
which is not a characteristic of a project
defined time span
has specific time, cost, and performance requirements
involves doing something never done before
has no objective
27
agile project management is used for ....
technology projects
traditional projects
small projects
software projects
28
which is not a project management structures
dedicated project teams
functional
nonfinancial
matrix structure
29
external vs internal:
external: enhancing quality management system
internal: acquiring materials external: revamping safety program
internal: upgrading equipment to latest tech
external: acquiring materials internal: revamping safety program
30
when would top down estimates be used
cost and time importance
fixed price contract
customer wants details
high uncertainty
31
WBS coding system defines
levels, elements in OBS, organization elements, work packages, budget
levels, elements in WBS, organization elements, work packages, budget
32
OBS stands for
obstructed bowel syndrome
organization bussin steps
organization breakdown steps
organization breakdown structure
33
types of cost dont include
customer exchange costs
direct
general admin
direct overhead, advertising
34
steps for making communication plan:
dissemination modes (hardcopy), responsibility and timing
identify target groups, information needs, source of info (ie google doc)
35
PBS is
process-oriented breakdown structure
process breakdown structure
period bussin steps
project breakdown structure
36
which has larger teams
agile projects
traditional projects
37
what is project estimating
estimating what project entails
forecasting approx materialistic resource consumption
forecasting approx time and cost of completing project deliverables
estimating who is needed on project
38
Projects are routine repetitive work
False
True
39
payback period
annual savings / estimated project cost
estimated project cost/ annual savings * 100
annual savings / estimated project cost * 100
estimated project cost / annual savings
40
which of the following is not a common problem in project implementation
behavioral analysis
organization politics
resource conflicts
none / all are true
41
what is the last of the WBS
project
work package
lowest sub deliverables
cost account
42
project scope list does not include:
objectives, scope description, justification
detailed cost, WBS
milestones, technical requirements, acceptance criteria
deliverables, sub deliverables, limits and exclusions
43
cultural characteristics include pace of the organization, how people interact, folklore, internal values
False
True
44
what type of project estimating is more accurate
bottom-up (micro)
top down (macro)
45
factors influencing the quality of estimates: planning horizons, complexity, people, structure, true estimates, culture
True
False
46
responsibility matrices (RM)
calculates responsibilties for everyone
google form to sign up for responsibilities
linear responsibility charts, summarizes who is responsible for what
47
WBS is a nonhierarchical outline of the project with different levels of detail
False
True
48
types of projects: compliance, strategic, operational
False
True
49
second activity of the strategic management process is
analyze and formulate strategies
set objectives to achieve strategies
implement strategies through projects
review and define org mission
50
what is the second in the project life cycle
executing
planning
defining
closing
51
which is not a current driver for project management
lack of customer focus
people, planet, profit
increased customer focus
knowledge explosion
52
3 trade offs a PM has to manage: cost, time, performance
False
True
53
what is not a method for bottom up
range estimating
parametric procedure applied to specific tasks
template
apportion
54
5 gen steps for collecting project information: define scope, establish priorities, create WBS, integrate WBS, code WBS
False
True
