ITPM Study guides, Class notes & Summaries

ITPM FINAL EXAM|COMPLETE QUESTIONS WITH CORRECT ANSWERS GRADED A+ Name five characteristics of a project? Successful project management entails what exactly? Name five phases of the Project lifecycle 1. Initiating 2. Planning 3. Executing 4. Monitoring and Controlling 5. Closing Why is project management Important Name four core knowledge areas? 1. Scope mgmt 2. Time mgmt 3. Cost mgmt 4. Quality mgmt Name five facilitating knowledge areas 1. Integration mgmt(?) 2. Risk mgmt 3....

ITPM Chapter 12 Exam Questions with 100% Correct Answers T/F: Suppliers are those organizations or individuals who provide procurement services. - answerTrue T/F: While outsourcing, organizations should protect strategic information because it can become vulnerable in the hands of suppliers. - answerTrue T/F: Project procurement management consists primarily of two processes: assessing procurements and controlling procurements. - answerFalse T/F: If an organization has no need to buy any...

ITPM EXAM QUESTIONS & ANSWERS, 2024 Definition of Project (1) - answer- Temporary endeavor - unique product, service or result. - A complex, non-routine, one-time effort. - It has a start and an end, scope, and boundaries are distinct from business as usual. Definition of Project Manager - answerThe person assigned by the performing organization to achieve the project objectives. Characteristics of a project - answer- Established Objectives - Defined Scope - Defined Life Span - Requir...

ITPM chapter 5 Exam Questions with 100% Correct Answers .deliverable - answerThe term ______ describes a product produced as part of a project. the work involved in creating the products and the processes used to create them. - answerScope refers to: Collecting requirements - answer_____ involves defining and documenting the features and functions of the products produced during the project as well as the processes used for creating them. Defining scope - answer_____ involves reviewing t...

ITPM chapter 8 Exam Questions with 100% Correct Answers T/F: The quality assurance process involves taking responsibility for quality throughout the project's life cycle. - answerTrue T/F: Validated changes and validated deliverables are the outputs of the quality assurance process. - answerFalse T/F: The design of experiments technique cannot be applied to project management issues such as cost and schedule trade-offs - answerFalse T/F: Customer requirements are an important aspect of ...

ITPM Exam Questions with 100% Correct Answers b. 25 percent - answer1. Approximately what percentage of the world's gross domestic product is spent on projects? a. 10 percent b. 25 percent c. 50 percent d. 75 percent c. Lower cost of capital - answer2. Which of the following is not a potential advantage of using good project management? a. Shorter development times b. Higher worker morale c. Lower cost of capital d. Higher profit margins c. project - answer3. A ___ is a temporary ...

ITPM chapter 9 Exam Questions with 100% Correct Answers T/F: Extrinsic motivation causes people to participate in an activity for their own enjoyment. - answerFalse T/F: Maslow's hierarchy of needs states that people's behaviors are guided or motivated by a sequence of needs. - answerTrue T/F: Maslow suggests that each level of the hierarchy of needs is not necessarily a prerequisite for the levels above. - answerFalse T/F: According to Herzberg, hygiene factors such as larger salaries...

ITPM Chapter 10 Exam Questions And Answers 100% Verified T/F: Project members should either have strong technical skills or soft skills. - answerFalse T/F: Adding more people to a project that is falling behind schedule often causes more setbacks because of the increased complexity of communications. - answerTrue T/F: People have different personality traits that often affect their communication preferences. - answerTrue T/F: Rarely does the receiver interpret a message exactly as the sen...

ITPM - Cost Management Exam Questions And Answers 100% Verified 2024/2025 BAC Budget at completion - No formula—it's the project budget - How much money you'll spend on the project PV Planned value - BAC * Planned % complete - What your schedule says you should have spent (planned) EV Earned value - BAC * Actual % complete - How much of the project's value you've really earned AV Actual cost - What you've actually spent on the project - How much you've actually spent so ...

ITPM - Integration Management Exam Questions And Answers 100% Verified 2024/2025 1. Which of the following is NOT a Project Constraint? A. Quality B. Scale C. Time D. Cost - answerScale (Time, Cost, Scope, Resources, Quality, Risk) 2. A project manager is running a data center installation project. He finds that his stakeholder is angry because he's run over his budget because the staff turned out to be more expensive than planned. The stakeholder's unhappy that when the project is o...