PM-Chapter One

Which objective is true of projects?

• They have an indefinite beginning and end.

• They have a unique purpose.

• They are developed using regressive elaboration

• They are permanent in nature

The role of a _____ is to provide direction and funding for a project

• project sponsor

• project manager

• support staff member

• project team

Galaxy, a construction company, buys a particular brand of tiles manufactured by Tiles and Floors, an eco-friendly tile manufacturing company. However, Tiles and Floors has declared bankruptcy and closed down. At present, Galaxy is facing a crisis because there are no other manufacturers in the market that supplies eco-friendly tiles. Which constraint is Galaxy currently facing?

• Resource

• Time

• Scope

• Cost

A difference between operations and projects is that operations end when their objectives have been reached, whereas projects do not.

• True

• False

Every project should have a well-defined objective.

• True

• False

Projects should be developed in increments.

• True

• False

A project manager’s primary role is to provide the funding for a project.

• True

• False

One of the main reasons why project management is challenging is because of the factor of uncertainty

• True

• False

Questions about how a team will track schedule performance is related to a project’s scope

• True

• False

In order to be realistic, a project manager should always set discrete goals instead of a range of objectives.

• True

• False