Which of the following represents the correct order of stages within the project life cycle? Show
Planning, Defining, Executing, Closing The first is the initiating phase, when projects are identified and selected. They are then authorized, using a document referred to as a project charter. The second phase of the project life cycle is the planning phase and includes defining the project scope, identifying resources, developing a schedule and budget, and identifying risks, all of which make up the baseline plan for doing the project work. In the third phase, the performing phase, the project plan is executed, and work tasks are carried out to produce all the project deliverables and to accomplish the project objective. During this phase, the project progress is monitored and controlled to assure the work remains on schedule and within budget, the scope is fully completed according to specifications, and all deliverables meet acceptance criteria. Also, any changes need to be documented, approved, and incorporated into an updated baseline plan, if necessary. The final phase of the project life cycle is the closing phase. Project evaluations are conducted, lessons learned are identified and documented to help improve performance on future projects, and project documents are organized and archived. Which of the following represents the correct order of stages within the project life cycle? A. B. C. D. E. 1. Defining stage: Specifications of the project are defined; project objectives are established; teams are formed; major responsibilities are assigned. 2. Planning stage: the level of effort increases, and plans are developed to determine what the project entail, when it will be scheduled, whom it will benefit, what quality level should be maintained, and what the budget will be. 3. Executing stage: a major portion of the project work takes place both physical and mental. The physical project is produced. Time, cost, and specification measures are used for control. Is the project on schedule, on budget, and meeting specifications? What are the forecasts of each measure? What changes are necessary? 4. monitoring and controlling 5. Closing stage: closing includes three activities: delivering the project product to the customer, redeploying project resources, and post project review. 1. Which of the following is not a benefit of the integrative approach to project management? d Full insight of all components of the organization is crucial for aligning internal business resources with the requirements of the changing environment. Integration enables management to have greater flexibility and better control of all project management activities. 2. Corporate downsizing has increased the trend toward b 3. Which of the following statements is true? e Project managers must work with a diverse cast of characters to complete projects (see The Project Manager). 4. Which of the following is the number one characteristic that is looked for in management candidates? b The phrase 'works well with others' has long been a sought-after industry requirement; now, in the IT world, it's the number 1 criterion for management candidates. (See Research Highlight: 'Works Well With Others'.) 5. Two dimensions within the project management process are a There are two dimensions within the actual execution of projects (see Figure 1.3 The technical and sociocultural dimensions of the project management process). 6. Which of the following choices is not one of the driving forces behind the increasing demand for project management? d Increased customer attention has prompted the development of customized products and services. 7. Which of the following characteristics is not typical of a project manager? b Increased competition has placed a premium on customer satisfaction. Customers no longer simply settle for generic products and services. 8. The advent of project management has been most profound in c The impact of project management is most profound in the area of electronics industry, where the new folk heroes are young professionals whose Herculean efforts lead to the constant flow of new hardware and software products. 9. Which of the following choices is not one of the stages of a project life cycle? a See the list under The Project Life Cycle. 10. A professional management professional (PMP) certification is offered by a The institute also offers Project Management Professional (PMP) and Certified Associate in Project Management (CAPM) certification. 11. Which of the following is not considered to be a characteristic of a project? d See list within the section What is a Project?. 12. A major function of portfolio management is to b See list under Integration of Projects through Portfolio Management. 13. The major functions of portfolio management are to e See list under Integration of Projects through Portfolio Management. 14. A series of coordinated, related projects that continue over an extended period of time intended to achieve a goal is known as a b A program is a group of related projects designed to accomplish a common goal over an extended period of time. 15. Project management is ideally suited for a business environment requiring all of the following except e Competing in a global market influenced by rapid change, innovation and time to market means organizations manage more and more projects. 16. The advent of project management has been most profound in c The impact of project management is most profound in the area of electronics industry, where the new folk heroes are young professionals whose Herculean efforts lead to the constant flow of new hardware and software products. 17. Which of these is not part of the 'sociocultural dimension' of project management? b See Figure 1.3. The technical and sociocultural dimensions of the project management process. 18. The major functions of portfolio management are to e See list under Integration of Projects through Portfolio Management. 19. From among the following activities, which is the best example of a project? c 20. A professional management professional (PMP) certification is offered by a The institute also offers Project Management Professional (PMP) and Certified Associate in Project Management (CAPM) certification. 21. Which of the following is the first step in developing a set of strategies designed to best meet the needs of customers? c Project management is critical both to development of customized products and services and to sustaining lucrative relationships with customers. 22. A common rule of thumb in the world of high-tech product development is that a six-month project delay can result in a loss of product revenue share of ___ per cent. c A common rule of thumb in the world of high-tech product development is that a six-month project delay can result in a 33 per cent loss in product revenue share. 23. The importance of project management has increased due to e One of the most significant driving forces behind the demand for project management is the shortening of the product life cycle. In today's flatter and leaner organizations, where change is a constant, project management is replacing middle management as a way of ensuring that things get done. Corporate downsizing has also led to a change in the way organizations approach projects. Companies outsource significant segments of project work, and project managers have to manage not only their own people but also their counterparts in different organizations. 24. Which
of the following constraints is not typically found in managing projects? b Specific time, cost and performance requirements bind projects. 25. Which of the following is not typically the responsibility of a project manger? e Project managers must ensure that appropriate trade-offs are made between the time, cost and performance requirements of the project. 26. Which of the following characteristics is not typical of a project manager? b Increased competition has placed a premium on customer satisfaction. Customers no longer simply settle for generic products and services. 27. Which of these is not part of the 'sociocultural dimension' of project management? b See Figure 1.3. The technical and sociocultural dimensions of the project management process. 28. Which of the following activities is not considered a project? d A project is not routine, repetitive work! Ordinary daily work typically requires doing the same or similar work over and over, while a project is done only once; a new product or service exists when the project is completed. 29. Project management is ideally suited for a business environment requiring all of the following except e Competing in a global market influenced by rapid change, innovation and time to market means organizations manage more and more projects. 30. A major function of portfolio management is to b 31. Which of these is not part of the 'technical dimension' of project management? c See Figure 1.3. The technical and sociocultural dimensions of the project management process.. 32. In which of the following stages are project objectives established, teams formed and major responsibilities assigned? b 33. In which of the following stages are
project objectives established, teams formed and major responsibilities assigned? b Specifications of the project are defined; project objectives are established; teams are formed; major responsibilities are assigned. 34. Which of the following statements is true? e Project managers must work with a diverse cast of characters to complete projects (see The Project Manager). 35. From among the following activities, which is
the best example of a project? c See Table 1.1 Comparison of routine work with projects. 36. Which of the following is not a benefit of the integrative approach to project management? D Full insight of all components of the organization is crucial for aligning internal business resources with the requirements of the changing environment. Integration enables management to have greater flexibility and better control of all project management activities. 37. Which of the following is not typically the responsibility of a project manger? e Project managers must ensure that appropriate trade-offs are made between the time, cost and performance requirements of the project. 38. Which of the following is the first step in developing a set of strategies designed to best meet the needs of customers? c Project management is critical both to development of customized products and services and to sustaining lucrative relationships with customers. 39. Which of the following choices is not one of the driving forces behind the increasing demand for project management? d Increased customer attention has prompted the development of customized products and services. 40. Which of the following constraints is not typically found in managing projects? b Specific time, cost and performance requirements bind projects. 41. Which
of the following activities is not considered a project? d A project is not routine, repetitive work! Ordinary daily work typically requires doing the same or similar work over and over, while a project is done only once; a new product or service exists when the project is completed. 42. The importance of project management has increased due to e One of the most significant driving forces behind the demand for project management is the shortening of the product life cycle. In today's flatter and leaner organizations, where change is a constant, project management is replacing middle management as a way of ensuring that things get done. Corporate downsizing has also led to a change in the way organizations approach projects. Companies outsource significant segments of project work, and project managers have to manage not only their own people but also their counterparts in different organizations. 43. Which of the
following is the number one characteristic that is looked for in management candidates? b The phrase 'works well with others' has long been a sought-after industry requirement; now, in the IT world, it's the number 1 criterion for management candidates. (See Research Highlight: 'Works Well With Others'.)
44. In which of the following stages are you more likely to find status reports, many changes and the creation of forecasts? d Time, cost and specification measures are used for control. 45. In which of the following stages is a major portion of the physical and mental project work performed? d A major portion of the project work takes place in the executing stage—both physical and mental. 46. Which of the following statements is true? d Project management is no longer a special-need management. It is rapidly becoming a standard way of doing business. The future promises an increase in the importance and the role of projects in contributing to the strategic direction of organizations. 47. From among the
following activities, which is the best example of a project? c 48. Two dimensions within the project management process are a 49. A common rule of thumb in the world of high-tech product development is that a six-month project delay can result in a loss of product revenue share of ___ per
cent. c A common rule of thumb in the world of high-tech product development is that a six-month project delay can result in a 33 per cent loss in product revenue share. 50. From among the following activities, which is the best example of a project? c See Table 1.1 Comparison of routine work with projects. 51. Which of the following is not considered to be a characteristic of a project? d 52. Which of the following statements is true? d Project management is no longer a special-need management. It is rapidly becoming a standard way of doing business. The future promises an increase in the importance and the role of projects in contributing to the strategic direction of organizations. 53. Which of the following choices is not one of the stages of a project life cycle? a See the list under The Project Life Cycle. 54. Which of these is not part of the 'technical dimension' of project management? c See Figure 1.3. The technical and sociocultural dimensions of the project management process. 55. In which of the following stages are you more likely to
find status reports, many changes and the creation of forecasts? d Time, cost and specification measures are used for control. 56. The waste on failed projects and cost overruns is estimated to be b The need for elevating performance continues to challenge the project management profession. The waste on failed projects and cost overruns is estimated to be more than $150 billion! 57. In which of the following stages is a major portion of the physical and mental project work performed? d 58. Corporate downsizing has increased the trend toward b 59. The waste on failed projects and cost overruns is estimated to be b The need for elevating performance continues to challenge the project management profession. The waste on failed projects and cost overruns is estimated to be more than $150 billion! 60. A series of coordinated, related projects that continue over an extended period of time intended to achieve a goal is known as a b A program is a group of related projects designed to accomplish a common goal over an extended period of time. 61. The initial stage in the project life cycle is the __________ stage. defining Explanation: 62. Training the customer, reassigning staff and releasing resources occurs in the ________ stage of the project life cycle. closure Explanation: 63. Leadership, teamwork and negotiation are examples of the _________ dimension of the project management process. sociocultural Explanation: 64. The initial stage in the project life cycle is the __________ stage. defining Explanation: 65. The advent of many small projects has created the need for an organization that can support __________ management. multiproject Explanation: 66. The growth in new ________ has increased the complexity of projects because projects typically include the latest advances. knowledge Explanation: 67. Like most organizational effort, the major goal of a project is to __________. satisfy a customer's need Explanation: 68. A _________ is a series of coordinated, related projects that continue over an extended period of time intended to achieve a goal. program
Explanation: 69. In the __________ stage of the project life cycle a major part of the project work, both physical and mental, takes place. executing Explanation: 70. Like most organizational effort, the major goal of a project is to __________. satisfy a customer's need Explanation: 71. WBS, schedules and budgets are examples of the _________ dimension of the project management process. technical Explanation: 72. One of the defining characteristics of a project is that it has a singular purpose, i.e. an established ________. objective Explanation: 73. The growth in new ________ has increased the complexity of projects because projects typically include the latest advances. knowledge Explanation: 74. A common rule of thumb in the world of high-tech product development is that a six-month project delay can result in a __________ per cent loss in product revenue share. 33 Explanation:
75. In today's high-tech industries the product life cycle is averaging between one and _________ years. three Explanation: 76. WBS, schedules and budgets are examples of the _________ dimension of the project management process. technical Explanation: 77. One of the defining characteristics of a project is that it has a singular purpose, i.e. an established ________. objective Explanation: 78. The development of schedules, budgets and identifying risks are common elements to the ________ stage of the project life cycle. planning Explanation: 79. Increased competition has placed a premium on customer satisfaction and the development of __________ products and services. customized Explanation: 80. The establishment of project goals, specifications and responsibilities usually occurs in the ________ stage of the project life cycle. defining Explanation: 81. The advent of many small projects has created the need for an organization that can support __________ management. multiproject Explanation: 82. In the _________ stage of the project life cycle what will be accomplished by the project is determined along with the project's schedule and budget. planning Explanation: 83. The development of schedules, budgets and identifying risks are common elements to the ________ stage of the project life cycle. planning Explanation: 84. A common rule of thumb in the world of high-tech product development is that a six-month project delay can result in a __________ per cent loss in product revenue share. 33 Explanation: 85. A _________ is a series of coordinated, related projects that continue over an extended period of time intended to achieve a goal. program Explanation: 86. In the __________ stage, it is determined what the project will entail, when it will be scheduled, whom it will benefit and what the budget will be. planning Explanation: 87. The final stage in the project life cycle is the __________ stage. closing Explanation: 88. Because projects have a defined beginning and end, the ________ is frequently used to manage the transition of a project from start to completion. project life cycle Explanation: 89. Increased competition has placed a premium on customer satisfaction and the development of __________ products and services. customized Explanation: 90. In today's high-tech industries the product life cycle is averaging between one and _________ years. three Explanation: 91. In the __________ stage, it is determined what the project will entail, when it will be scheduled, whom it will benefit and what the budget will be. planning Explanation: 92. The __________, a professional organization for project managers, has grown from 93 000 in 2002 to more than 700 000 today. PMI Explanation: 93. Project managers are expected to ensure that appropriate trade-offs are made between the time, cost and __________ requirements of the project. performance
Explanation: 94. Because projects have a defined beginning and end, the ________ is frequently used to manage the transition of a project from start to completion. project life cycle
Explanation: 95. Training the customer, reassigning staff and releasing resources occurs in the ________ stage of the project life cycle. closure Explanation: 96. The final stage in the project life cycle is the __________ stage. closing Explanation: 97. In the __________ stage of the project life cycle a major part of the project work, both physical and mental, takes place. executing Explanation: 98. In the _________ stage of the project life cycle what will be accomplished by the project is determined along with the project's schedule and budget. planning
Explanation: 99. The establishment of project goals, specifications and responsibilities usually occurs in the ________ stage of the project life cycle. defining
Explanation: 100. In some organisations, selection and management of projects often fail to support the broad-based _________ of the organisation. strategic plan Explanation: 101. Leadership, teamwork and negotiation are examples of the _________ dimension of the project management process. sociocultural Explanation: 102. The __________, a professional organization for project managers, has grown from 93 000 in 2002 to more than 700 000 today. PMI Explanation: 103. Project managers are expected to ensure that appropriate trade-offs are made between the time, cost and __________ requirements of the project.
performance Explanation: 104. In some organizations, selection and management of projects often fail to support the broad-based _________ of the organization. strategic plan Explanation: In which stage of the project life cycle is the project's schedule and budget determined?The schedule and budget are determined in the planning stage of the project life cycle.
In which phase is the schedule completed in the project life cycle?Closure. Once your team has completed work on a project, you enter the closure phase. In the closure phase, you provide final deliverables, release project resources, and determine the success of the project.
At what stage in the project life cycle is the scope of a project determined?Project Initiation
It is the phase where the feasibility and business value of the project are determined. The project manager kicks off a meeting to understand the client and stakeholders' requirements, goals, and objectives.
In which stage of the project life cycle is the product of the project delivered to the customer and resources?Closing Phase. During the final closure, or completion phase, the emphasis is on releasing the final deliverables to the customer, handing over project documentation to the business, terminating supplier contracts, releasing project resources, and communicating the closure of the project to all stakeholders.
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