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Quiz Answer | ENGINEERING PROJECT MANAGEMENT: INITIATING AND PLANNING

Week 1 Quiz

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Week 1 Quiz >> Engineering Project Management: Initiating and Planning

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Week 1 Quiz

TOTAL POINTS 10

1.What is a project?

A permanent endeavor that consumes resources, has objectives based on specifications, and consumes resources.
A temporary endeavor which uses a series of tasks that have defined start and end dates, consume resources, have funding limits, and create a lasting outcome.
A temporary endeavor that uses a series of tasks that have specific objectives with certain specifications, defined start and end dates, have funding limits, consume resources, and create a lasting outcome.
A permanent endeavor which uses a series of tasks that have specific objectives with certain specifications, defined start and end dates, have funding limits, consume resources, and create a lasting outcome.

1 POINT

2. What would not cause a project to end?

The project objectives are achieved
The need for the project no longer exists
The project manager no longer wants to work on the project
The client wishes to terminate the project
The objectives will not or cannot be met

1 POINT

3. What is not a consequence of missing a deadline?

Lost revenue and profit
Reputation Damage
Loss of clientele
Contract penalties
None of the above

1 POINT

4. How does a project differ from an ongoing work effort?

It is unique
It involves more than one person
It has a project manager
It is not a repetitive process that follows an organization's existing procedures

1 POINT

5. What are the 5 major processes of project management?

Closing, Executing, Planning, Monitoring and Controlling, Initiating
Starting, Closing, Managing, Planning, Executing
Initiating, Finishing, Monitoring and Controlling, Executing, Planning
Starting, Finishing, Executing, Managing, Closing

1 POINT

6. What are the key components of the “Iron Triangle”?

Scope, Schedule, Cost, Project Manager
Scope, Schedule, Cost, Project
Time, Money, Scope, Project
Project Manager, Time, Scope, Money

1 POINT

7. Portfolios are a collection of any of the following:

Projects, Programs, Sub-portfolios, Operations
Portfolios, Products, Projects, Sub-projects
Sub-portfolios, Projects, Sub-programs
Projects, Portfolios, Operations, Products

1 POINT

8. What is a project phase?

A collection of logically related project activities that culminate in the completion of one or more deliverables
A singular activity that completes a deliverable
Consists of work that has very similar parts
A consistent period of time that is used throughout a project

1 POINT

9. Projects or programs in a portfolio must be directly related.

True
False

1 POINT

10. What are the components of the “Initiating” phase of project management?

Develop Project Management Plan, Develop Schedule, Estimate costs, Perform Risk Analysis, Plan Stakeholder Management
Monitor Work, Perform Change Control, Control Cost and Schedule, Control Quality, Control Risks
Direct Work, Perform Quality Assurance, Identify and Manage the Project Team, Manage Communications, Perform Procurement
Develop Charter, Identify Stakeholders

1 POINT

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Week 1 Quiz >> Engineering Project Management: Initiating and Planning

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