What level of the project management maturity model does institutionalization of project management take place?

1
The term that can be defined as a set of principles and processes to guide and improve the management of projects is A) Project administration B) Fiduciary responsibility C) Management D) Project oversight E) Project regulation 2
The intent of project oversight includes all of the following EXCEPT A) Meet the needs of the organization through procedures B) Support the project manager C) Meet the needs of the organization through continuous improvement D) Meet the needs of the organization through improving everyday business activities E) Meet the needs of the organization through accountability 3
Typical activities of project oversight cover which two dimensions? A) Organization and project B) Project and customer C) Customer and industry D) Industry and organization E) Organization and customer 4
At the project level, all of the following are examples of oversight activities EXCEPT A) Review project objectives B) Track and assist the project to resolve bottlenecks C) Project selection D) Review status reports E) Audit and review lessons learned 5
The centralized management of projects to ensure that the allocation of resources to projects is directed toward projects that contribute the greatest value to organization goals is known as A) Portfolio Project Management B) Project Office Management C) Project Management Optimization D) Project Priority Matrix Management E) Resource Allocation Optimization 6
Project office functions typically include which of the following? A) Create and maintain the internal project management information system B) Recruit and select project managers C) Train personnel in project management techniques D) Develop risk management programs E) All of these are typically functions of the project office 7
The in-depth review of individual projects at specific phases in the project life cycle is known as A) Project Assessment Checkpoint Reviews B) Go/Kill Decision Review Methodology C) Phase Gate Methodology D) Stargate Review Methodology E) Project Implementation Review 8
During which of the following phase gates would the question of "Does this project align with our strategic direction?" be answered? A) Proposal B) Screening and selection C) Implementation plan D) Progress evaluation E) Closure 9
During which of the following phase gates would the questions "Are the resources needed identified and available?" and “Are tasks sequenced and is a time-phased budget established?” be answered? A) Proposal B) Screening and selection C) Implementation plan D) Progress evaluation E) Closure 10
Which of the following is not one of the growth levels in the Organization Project Management Maturity Model (OPM3TM)? A) Repeatable (formal application of project management) B) Defined (institutionalization of project management) C) Managed (management of project management system) D) Expanded (expansion of project management system) E) Optimized (optimization of project management system) 11
The first appearance of standard approaches to managing projects including scope statements and WBS occurs in which of the following Project Management Maturity Model Levels? A) Ad Hoc Project Management B) Formal Application of Project Management C) Institutionalization of Project Management D) Management of Project Management System E) Optimization of Project Management System 12
Project audits are performed on all significant projects and lessons learned are recorded and used on subsequent projects in which of the following Project Management Maturity Model Levels? A) Ad Hoc Project Management B) Formal Application of Project Management C) Institutionalization of Project Management D) Management of Project Management System E) Optimization of Project Management System 13
Each gate within the phase gate review process should, at a minimum, include the following EXCEPT A) Required deliverables B) A plan to proceed C) Gate criteria D) Specific outputs E) A clear yes/no decision on whether to go ahead 14
In which of the following Project Management Maturity Model Levels is the focus is on continuous improvement through incremental advancements of existing practices and by innovations using new technologies and methods? A) Ad Hoc Project Management B) Formal Application of Project Management C) Institutionalization of Project Management D) Management of Project Management System E) Optimization of Project Management System 15
The balanced scorecard model differs from selection models by reviewing projects over a longer horizon ___________ after the project is implemented. A) 1-2 years B) 1-5 years C) 5-10 years D) 10-15 years E) 15 years

At what level of project management maturity model does institutionalization of project management take place?

Why has responsibility for project closure shifted from the project manager to be shared among several stakeholders quizlet?

Which part of the audit report is designed to be the most useful on future projects quizlet?

When a project starts with a high priority but it is canceled because its rank erodes or crashes during its project life cycle is an example of what type of project closure?