Information Technology Project Management, Revised 7th edition by Kathy Schwalbe Test bank

ANS:  portfolio management
 
PTS:   1                    DIF:    Difficulty: Moderate             REF:              p.34
OBJ:   LO: 1-6          NAT:  BUSPROG: Technology                 
TOP:  The Project Management Profession                      KEY:             Bloom's: Comprehension
 
   25.   High-end tools are generally licensed on a(n) _____ basis.
 
ANS:  per-user
 
PTS:   1                    DIF:    Difficulty: Easy                    REF:              p.34
OBJ:   LO: 1-6          NAT:  BUSPROG: Technology                 
TOP:  The Project Management Profession                      KEY:             Bloom's: Knowledge
 
ESSAY
 
     1.   Describe the triple constraint. What are the three components and what is the relationship between them?
 
ANS: 
Every project is constrained in different ways by its scope, time, and cost goals. These limitations are sometimes referred to in project management as the triple constraint. To create a successful project, a project manager must consider scope, time, and cost and balance these three often-competing goals. He or she must consider the following:
 
Scope: This goal involves questions such as, “What work will be done as part of the project? What unique product, service, or result does the customer or sponsor expect from the project? How will the scope be verified?”
 
Time: This goal encompasses questions such as, “How long should it take to complete the project? What is the project’s schedule? How will the team track actual schedule performance? Who can approve changes to the schedule?”
 
Cost: This goals deals with questions such as, “What should it cost to complete the project? What is the project’s budget? How will costs be tracked? Who can authorize changes to the budget?”
 
Managing the triple constraint involves making trade-offs between scope, time, and cost goals for a project. Experienced project managers know that they must decide which aspect of the triple constraint is most important. If time is most important, one must change the initial scope and/or cost goals to meet the schedule. If scope goals are most important, one may need to adjust time and/or cost goals.
 
PTS:   1                    DIF:    Difficulty: Moderate             REF:              p. 7-9
OBJ:   LO: 1-2          NAT:  BUSPROG: Technology           TOP:              What is a Project?
KEY:  Bloom's: Comprehension
 
     2.   List and describe each of the ten project management knowledge areas.
 
ANS: 
Project management knowledge areas describe the key competencies that project managers
must develop. These are as follows:
 
(1) Project scope management involves defining and managing all the work required to complete the project successfully.
 
(2) Project time management includes estimating how long it will take to complete the work, developing an acceptable project schedule, and ensuring timely completion of the project.
 
(3) Project cost management consists of preparing and managing the budget for the project.