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Practice Reading: Multiple Choice, Multiple Answers ID: #34073 IPM
Instructions ›
Read the text and answer the question by selecting all the correct responses. You will need to select more than one response.
Regardless of all the innovations, it is still difficult to manage big projects in modern times. Take the construction of Wembley Stadium, for instance: the home of English soccer was £750 million over budget and finished late. In addition, researchers say that even smaller projects often have problems, including IT projects. Some reports claim that in the early 2000s the cost of IT projects was frequently more than 50 percent over budget and that projects even took more than 80 percent more time than previously programmed. These issues have inspired people to found project management companies such as IPM (Integrated Project Management), a consulting firm that centers its attention on helping other companies that want to take on big projects. Project management is not a new science. There is even an international association, the Project Management Institute, based in the United States. Its goal is to continuously assess people around the world concerning this field. All of its members are experts in project management. Thus, despite the obstacles, succeeding with a big plan is not impossible: wisely directed corporations can fulfill business initiatives and overcome challenges.

Which of the following are true statements about project management?

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Result:

AI explanationShows the answer. Tap to open.
Option 2: "Meeting deadlines and not exceeding estimated expenses can sometimes be achieved with the aid of consulting companies."

Explanation: The text mentions project management companies like IPM that help other companies manage big projects. This implies that consulting firms can assist in meeting deadlines and controlling expenses, supporting the truth of this statement.

Option 1: "Nowadays, it is almost impossible to finish important projects under budget, due to the innovations in the IT market."

Explanation: The text states that managing big projects is difficult, but it does not claim that it is 'almost impossible' to finish under budget. Additionally, it does not link this difficulty directly to innovations in the IT market, making this statement an exaggeration.

Option 3: "Before the 2000s, IT project managers lacked the economic means to carry out big projects successfully."

Explanation: The text does not provide any information about the economic means of IT project managers before the 2000s. It only discusses the issues faced in the early 2000s, making this statement unsupported.

Option 4: "Wembley Stadium is a clear sample of how the implementation of innovations has not necessarily implied the disappearance of obstacles associated with handling big projects."

Explanation: The text uses Wembley Stadium as an example of a project that was significantly over budget and finished late, illustrating that innovations do not eliminate challenges in project management. This aligns perfectly with the statement.

Option 5: "Its goal is to continuously assess people around the world concerning this field."

Explanation: This statement accurately reflects the text's description of the Project Management Institute's goal, which is to assess individuals globally in the field of project management, confirming its truth.

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