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OMIS 635 Test 1 questions with verified solutions rated A+
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OMIS 635 Test 1 questions with verified solutions rated A+
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OMIS 635 Test 1What is a project? - correct answer ✔✔a temporary endeavor undertaken to create a unique product,
service, or result
What are the main characteristics of a project? - correct answer ✔✔-established objective
-defined life span with a beginning and end
-requires across-the-organization participation
-doing something never done before
-specific time, cost, and performance requirements
What is a program? - correct answer ✔✔A group of related projects designed to accomplish a common
goal over an extended period of time
What is program management? - correct answer ✔✔A process of managing a group of ongoing,
interdependent, related projects in a coordinated way to achieve strategic objectives
What are the phases of the project life cycle? - correct answer ✔✔-Defining
-Planning
-Executing
-Closing
What is the Defining stage? - correct answer ✔✔Specification of the project are defined; project
objectives are established; teams are formed; major responsibilities are assigned
What is the Planning stage? - correct answer ✔✔The level of effort increases, and plans are developed
to determine what the project will entail, when it will be scheduled, whom it will benefit, what quality
level should be maintained, and what the budget will be
,What is the Executing stage? - correct answer ✔✔A major portion of the project work takes places- both
physical and mental. The physical product is produced. Time, cost, and specification measures are used
for control.
What is the Closing stage? - correct answer ✔✔Closing includes three activities: delivering the project
product to the customer, redeploying project resources, and post-project review
What is a project manager? - correct answer ✔✔-manage temporary, non-repetitive activities and
frequently acts independently of the formal organization
-marshals resources for the project
-is linked directly to the customer interface
-provides direction, coordination, and integration to the project team
-responsible for performance and success of the project
-induce the right people at the right time to address the right issues and make the right decisions
What factors are driving project management? - correct answer ✔✔-compression of the product life
cycle
-knowledge explosion
-triple bottom line (people, planet, profit)
-increased customer focus
-small projects present big problems
What does the integrating of project management provide senior management? - correct answer ✔✔-
overview of all project management activities
-big picture of how organizational resources are used
-risk assessment of their portfolio of projects
-rough metric of the firm's improvement in managing projects relative to others in the industry
-linkages of senior management with actual project execution management
What are some problems that occur from uncoordinated project management systems? - correct answer
✔✔-projects that do not support the organization's overall strategic plan and goals
, -independent managerial decisions that create internal imbalances, conflicts and confusion resulting in
dissatisfied customers
-failure to prioritize projects results in the waste of resources on non-value-added activities/projects
What is the socio-technical approach? - correct answer ✔✔-combines the technical and sociocultural
dimensions
-Technical dimension: formal, disciplined, purely logical parts of the process (planning, scheduling,
controlling projects
-Sociocultural dimension: centers on creating a temp social system within a larger org. environment that
combines the talents of a divergent set of professionals working to complete the project
What is Project Management Professional (PMP)? - correct answer ✔✔Someone who has documented
sufficient project experience, agreed to follow the PMI code of professional conduct, and demonstrated
mastery of the field of project management by passing a comprehensive exam
Why do project managers need to understand strategy? - correct answer ✔✔-Must respond to changes
with appropriate decisions about future projects and adjustments to current projects
-Those who understand their org's strategy can become more effective advocates of projects aligned
with the firm's mission
What is strategic management? - correct answer ✔✔-Requires every project to be clearly linked to
strategy
-Provides theme and focus of firm's future direction (responding to changes and allocating scarce
resources)
-Requires strong links among mission, goals, objectives, strategy, and implementation
What are the activities of the strategic management process? - correct answer ✔✔-Review and define
the organizational mission
-Set long-range goals and objectives
-Analyze and formulate strategies to reach objectives
-Implement strategies through projects
What are the characteristics of objectives? - correct answer ✔✔-SMART
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