Introduction To Project Management - Chapter 2 StudyGuide

1 Question 1 1 out of 1 points
1
1
1
Earning a college degree is a project one might categorize
1
as a response to a ___________ if the college student s
employer issued a new policy stating that all employees
must have a college degree starting in four years.
Answer
1
2
Selected Answer:
3
directive
4
Correct Answer:
5
directive


2 Question 2 1 out of 1 points
1
1
1
There are usually more potential projects than an
1
organization can undertake at any one time, so it is
important to work on the most __________ ones first.
Answer
1
2
Selected Answer:
3
important
4
Correct Answer:
5
important


3 Question 3 1 out of 1 points
1

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1
1
A program manager can often negotiate better with
1
suppliers than a project manager because the program
manager has more ____________.
Answer
1
2
Selected Answer:
3
authority
4
Correct Answer:
5
authority


4 Question 4 1 out of 1 points
1
1
1
Earning a college degree is a project one might categorize
1
as a response to a ___________ since it might improve the
graduate s life.
Answer
1
2
Selected Answer:
3
opportunity
4
Correct Answer:
5
opportunity


5 Question 5 1 out of 1 points
1
1
1
A ____________ chart is often used to show projects in
terms of their risk, value, and size.
Answer

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1
2
Selected Answer:
3
bubble
4
Correct Answer:
5
bubble


6 Question 6 1 out of 1 points
1
1
1
Which of the following statements is false?
1
Answer
1
2
Selected Answer:
3
The higher the payback period, the better
4
Correct Answer:
5
The higher the payback period, the better


7 Question 7 1 out of 1 points
1
1
1
The four parts of the pyramid for the project planning
1
process include all of the following except ____________.
Answer
1
2
Selected Answer:
3
SWOT analysis
4
Correct Answer:
5
SWOT analysis


8 Question 8 1 out of 1 points

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1
1
1
If you invested $1,000 a year ago and today it is worth
1
$1,300, what was your return on investment (assuming no
discounting)?
Answer
1
2
Selected Answer:
3
30%
4
Correct Answer:
5
30%


9 Question 9 1 out of 1 points
1
1
1
_____________ projects help transform a business.
1
Answer
1
2
Selected Answer:
3
Venture
4
Correct Answer:
5
Venture


10 Question 10 1 out of 1 points
1
1
1
_______________ involves determining long-term objectives
by analyzing the strengths and weaknesses of an
organization, studying opportunities and threats in the
business environments, predicting future trends, and
projecting the need for new products and services.
Answer

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1
2
Selected Answer:
3
Strategic planning
4
Correct Answer:
5
Strategic planning


11 Question 11 1 out of 1 points
1
1
1
A study by Robert Cooper found that companies that were
1
best at performing new product development were much
more likely to do all of the following except ____________.
Answer
1
2
Selected Answer:
3
have internal project management training programs
4
Correct Answer:
5
have internal project management training programs


12 Question 12 1 out of 1 points
1
1
1
Project portfolio management focuses on __________
1
issues while individual projects often focus on ___________
issues.
Answer
1
2
Selected Answer:
3
strategic, tactical
4
Correct Answer:
5
strategic, tactical

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13 Question 13 1 out of 1 points
1
1
1
In practice, organizations usually use ____________ to
1
select projects.
Answer
1
2
Selected Answer:
3
a combination of several approaches
4
Correct Answer:
5
a combination of several approaches


14 Question 14 1 out of 1 points
1
1
1
It is important for organizations to encourage __________
1
to submit project ideas.
Answer
1
2
Selected Answer:
3
workers at all levels
4
Correct Answer:
5
workers at all levels


15 Question 15 1 out of 1 points
1

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1
1
The value of money today is typically worth more than the
1
same amount of money in the future is the basic concept
of ___________ analysis.
Answer
1
2
Selected Answer:
3
net present value
4
Correct Answer:
5
net present value


16 Question 16 1 out of 1 points
1
1
1
By grouping related projects into a program,
1
organizations can often use economies of scale which
saves ____________.
Answer
1
2
Selected Answer:
3
money
4
Correct Answer:
5
money


17 Question 17 1 out of 1 points
1
1
1
The ____________ is the discount rate that results in a net
present value of zero.
Answer

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1
2
Selected Answer:
3
internal rate of return
4
Correct Answer:
5
internal rate of return


18 Question 18 0 out of 1 points
1
1
1
It is very important to start at the ________ of the pyramid
1
for the project planning process in order to select projects
that support the organization s business strategy.
Answer
1
2
Selected Answers:
3
top
4
top
5

6
Correct Answers:
7
bottom
8
top
9



19 Question 19 1 out of 1 points
1
1
1
Which of the following is not a way to measure business
value?
Answer

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1
2
Selected Answer:
3
employee salaries
4
Correct Answer:
5
employee salaries


20 Question 20 1 out of 1 points
1
1
1
If a weighted score for a project is based on three criteria,
1
the first weighted 50% and the other two weighted 25%
each, what would be the weighted score for a project with
scores of 100 on the first criteria, 80 on the second, and
60 on the third?
Answer
1
2
Selected Answer:
3
85
4
Correct Answer:
5
85

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