Quiz on Project Management and Information Technology

What is a critical factor for a project's success according to the text?

• Stakeholder management

• Cost reduction

• Time management

• Resource allocation

Which organizational structure has personnel reporting to two or more bosses?

• Functional

• Hierarchical

• Project

• Matrix

What is the primary focus of the project life cycle?

• Budgeting and finance

• Managing team dynamics

• Defining project phases

• Stakeholder engagement

What does the term 'outsourcing' refer to?

• Increasing project costs

• Reducing project scope

• Acquiring goods from an outside source

• Hiring internal staff

Which model is characterized by well-defined, linear stages of development?

• Incremental build model

• Spiral model

• Waterfall model

• Agile model

What is a significant disadvantage of virtual teams?

• Access to global talent

• Isolation of team members

• Reduced costs

• Increased flexibility

What is the role of top management in project management?

• To micromanage project tasks

• To focus solely on financial outcomes

• To avoid involvement in project decisions

• To provide adequate resources and support

What is a key characteristic of organizational culture?

• Emphasis on competition

• Strict hierarchy

• Shared assumptions and values

• Focus on individual performance

What does Agile project management emphasize?

• Fixed project requirements

• Long-term project timelines

• Iterative and incremental development

• Rigid planning

What is a 'champion' in project management?

• A project management tool

• A stakeholder with no influence

• A senior manager supporting a project

• A project team member