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Geoffco's project manager names three individuals and requests a project budget of $3,000,000 for the new 8-Pod, a backpack-sized personal music player for 8-track tapes capable of holding up to 100 songs from the '60s and '70s. This important step takes place during __________ of the project life cycle.


A) planning
B) conceptualization
C) execution
D) termination

E) C) and D)
F) B) and C)

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Projects differ from classic organizational processes because projects are:


A) discrete activities.
B) part of line organization.
C) well established systems in place to integrate efforts.
D) multi-objective.

E) A) and B)
F) None of the above

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Low inflation is a trigger for improved project management skills because:


A) rampant cost increases must be passed along to the consumer.
B) internal process improvement is accomplished via project management.
C) lower inflation means narrower product launch windows.
D) global markets are a prerequisite for low inflation.

E) None of the above
F) A) and C)

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A spider web diagram is useful for:


A) showing company performance on a number of criteria simultaneously.
B) collecting data on how a competitor manages projects.
C) identifying industry standards for project management maturity.
D) coaching, evaluating, and auditing projects.

E) A) and B)
F) A) and C)

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The project maturity model developed by the Center for Business Practices would have __________ rings if a spider web diagram were used.


A) three
B) four
C) five
D) six

E) All of the above
F) A) and B)

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The Center for Business Practices maturity model stage that describes project management as an ad hoc process is __________.

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Level 1 or...

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The commitment of financial, human, and technical resources is highest during the:


A) conceptualization phase.
B) planning phase.
C) execution phase.
D) termination phase.

E) A) and D)
F) B) and C)

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Describe the spider-web methodology for displaying project management maturity and present any five components of project management practice that can be displayed using this technique.

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A spider-web diagram (or radar chart) de...

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The Atkinson model for assessing project success gathers input from all of the project's stakeholders.

A) True
B) False

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The goals of a project are sometimes called __________.

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Which of these is NOT characteristic of a project?


A) Projects are responsible for the newest and most improved products, services, and organizational processes.
B) Projects are ad hoc endeavors with a clear life cycle.
C) Projects provide a philosophy and strategy for the management of change.
D) Traditional process management functions of planning, organizing, and controlling do not apply to project management.

E) A) and C)
F) None of the above

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A project exists outside of the standard line organization.

A) True
B) False

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The classic triple constraint standard for project performance is composed of time, cost, and client acceptance.

A) True
B) False

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The business success dimension of project success determines whether the project achieved significant commercial success.

A) True
B) False

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A product is introduced into a market, gains the acceptance of a fickle public, and finally is supplanted by a new and improved offering. This phenomenon is known as the:


A) product life cycle.
B) rule of 80.
C) Mendoza line.
D) beta.

E) A) and B)
F) A) and C)

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The most basic level in Kerzner's project management maturity model is:


A) common language.
B) common processes.
C) initial process.
D) ad hoc.

E) None of the above
F) All of the above

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The amount of corporate investment is typically at its lowest in the:


A) conceptualization phase.
B) planning phase.
C) execution phase.
D) termination phase.

E) B) and C)
F) A) and D)

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What are project management maturity models used for?

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Project management maturity models are u...

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In the Atkinson model of project success, a project's impact to the surrounding community would be classified as:


A) an element of the iron triangle.
B) a stakeholder benefit.
C) an organizational benefit.
D) a strategic goal.

E) A) and D)
F) A) and C)

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Projects, rather than repetitive tasks, are now the basis for most value-added in business.

A) True
B) False

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