WorksheetsSE2 (LEC) Week 1-2 Project Management Essentials
Total questions: 21
Worksheet time: 11mins
Imagine the company you work with is beginning an initiative to audit and update internal training resources. Once this initiative is completed the company will present a new training library to employees as a resource for tasks they should complete.
Which of the following terms best describes this initiative?
A program
An inventory of assets
A project
A portfolio
You are the project manager for implementing a new IT ticketing system at your company.
Which of the following tasks best demonstrates the "organized execution" characteristic of project management in this scenario?
Identifying potential risks associated with the implementation, such as data migration issues.
Defining the desired features and functionalities of the ticketing system.
Creating a detailed project plan with assigned tasks, milestones, and deadlines.
Securing necessary
budget approval and equipment for the project team.
Which of the following is most likely to be part of a program, but not a project?
Implementing a company-wide training program
Launching a marketing campaign for a specific product
Creating a website for a specific event
Developing a new software feature
Which of the following definitions best describes project management?
Project management is the ongoing management of a team of skilled workers that deliver a product to a client.
Project management is a detailed scheduling of multiple tasks within a project.
Project management uses specific knowledge, skills, tools, and techniques to deliver valuable projects to clients.
Project management coordinates with stakeholders in a project to obtain feedback on deliverables.
Which two of the following are benefits of project management?
Project management increases customer satisfaction by planning and meeting expectations.
Project management predicts profits, margins and issues payments to people working on projects.
Project management improves communication within teams and overall satisfaction for employees.
Project management improves productivity, efficiency, and quality of work.
Which of the following is NOT a key characteristic of project management?
Proactive risk identification and mitigation
Delivery of value to people
Organized execution with defined constraints
Ongoing management of a team or department
Which of the following statements best identifies the role of project management in projects?
Scoping out and creating the initial statement of work for a project.
Processing the budget and payments from the client.
Ensuring quality of deliverables.
Balancing the scope of work, resources, timelines and budget
Imagine you're working at a technology company developing a new e-commerce platform. Choose the most appropriate category (project, program, or portfolio) for each scenario:
You're responsible for ensuring all IT systems, including the e-commerce platform, CRM, and internal communication tools, align with the company's overall digital strategy.
Portfolio
Program
Project
none of the above
Which of the following is NOT a characteristic of a project?
Is ongoing and continuously evolving
Has a defined start and end date
Aims for a unique product, service, or result
Involves managing resources and tasks
Imagine you're working at a technology company developing a new e-commerce platform. Choose the most appropriate category (project, program, or portfolio) for each scenario:
You manage a team developing several new e-commerce features, such as personalized product recommendations and a subscription box service.
Program
Project
Project
none of the above
Imagine you're working at a technology company developing a new e-commerce platform. Choose the most appropriate category (project, program, or portfolio) for each scenario:
You oversee a team working on multiple projects related to customer experience improvements, including the e-commerce platform's user interface and loyalty program.
Program
Project
Portfolio
none of the above
A software development project is nearing completion, but the team has encountered unexpected technical challenges that require additional resources beyond the budgeted amount. These challenges also push the projected deadline past the initial due date. To prioritize solutions, the project manager should first consider:
Focusing on accelerating development tasks through overtime or outsourcing to meet the original deadline, even if it exceeds the available budget.
Negotiating with stakeholders for additional funding to cover the increased resource needs while holding the deadline firm.
Reducing the project scope by removing some planned features, allowing for available resources to be directed towards resolving the technical challenges.
Accepting the delay and communicating it to stakeholders, prioritizing quality and resource availability within the existing budget, even if it means adjustments to the initial scope
Who is the responsible person?
Building a roadmap for all research and development initiatives within the organization, allocating funding across different projects based on potential impact and aligning them with long-term strategic goals.
Portfolio Manager
Program Manager
Project Manager
None of the above
Who is the responsible person?
Overseeing the progress of all software development projects within a company, identifying resource bottlenecks, and implementing improvements to streamline project delivery.
Portfolio Manager
Program Manager
Project Manager
None of the above
Who is the responsible person?
Monitoring the performance of several marketing programs across different product lines, analyzing their contribution to overall company revenue, and recommending adjustments to optimize portfolio ROI.
None of the above
Project Manager
Program Manager
Portfolio Manager
Who is the responsible person?
Balancing budget constraints and project scope to ensure a new advertising campaign stays within financial limits while achieving its target audience reach.
Portfolio Manager
Program Manager
Project Manager
None of the above
Who is the responsible person?
Managing the day-to-day tasks of a website redesign project, coordinating with developers, designers, and content creators, and ensuring timely completion according to specifications.
Program Manager
None of the above
Project Manager
Portfolio Manager
Match the correct distinction:
New Product Launch: A tech company starts a project to develop and launch a groundbreaking smartphone. This involves hardware and software development, marketing campaigns, and creating a robust supply chain
Portfolio
None of the above
Program
Project
Match the correct distinction:
Green Energy Initiative: A company launches a comprehensive initiative to reduce its carbon footprint across all operations. This includes various projects like installing solar panels in facilities, developing biofuel alternatives for transportation, and implementing energy-efficiency measures in buildings.
Portfolio
Project
None of the above
Program
Match the correct distinction:
Research & Development: A pharmaceutical company has an ongoing portfolio of research projects investigating potential treatments for various diseases. Each project explores a specific avenue but contributes to the company's long-term goal of advancing healthcare.
Portfolio
Program
Project
None of the above
Match the correct distinction:
Digital Transformation: A bank undertakes a multi-year program to modernize its technology
infrastructure, improve customer experience, and increase operational efficiency. This program includes various smaller projects like adopting cloud computing, developing mobile banking apps, and revamping online banking interfaces.
Project
Portfolio
Program
None of the above
