CS ProjMan - FA1

____________________________ defined as the centralized management of one or more portfolios to achieve strategic objectives. The programs or projects of the portfolio may not necessarily be interdependent or directly related.

A program is usually a group of

• people and work

• unrelated projects

• related projects

• plans

Portfolio defined as projects, programs, subsidiary portfolios and operations manage as a group to achieve strategic objectives.

• True

• False

One of the defining characteristics of project management is that the projects are not confined to a single department but involve several departments and professionals.

• True

• False

___________________ effectively manage multiple programs and projects that are underway at any given time.

Project management is ideally suited for a business environment requiring all of the following except

• Speed

• Repeatability

• Flexibility

• Innovation

A ____ is a set of activities which are networked in an order and aimed towards achieving the goals of a project.

• Portfolio

• Project

• Operations

• Process

From among the following activities, which is the best example of a project?

• Producing automobiles

• Processing insurance claims

• Writing a term paper

• Completing a college degree

The causes of failed projects include shortcuts taken during the project, expectations mismanagement, lack of or unreasonably precise targets, poor estimating techniques, budget overruns, missed schedules, and lack of management and leadership.

• True

• False

A common and effective project management technique is to assign more people to the team if a project gets behind schedule.

• True

• False