Reference no: EM132274085
1. All of the following statements are true except:
a. A portfolio may contain multiple programs and projects.
b. A project manager has the discretion to make trade-offs in regard to which programs to pursue.
c. A program manager has the discretion to make trade-offs in regard to which projects to pursue.
d. Projects have a finite timeline, while programs may exist as long as the parent organization does.
2. Which of the following is a financial analysis tool that an organization may use to determine the cost-value of potential projects?
a. Payback period (PP)
b. Internal rate of return (IRR)
c. Net present value (NPV)
d. All of the above
3. The best describe(s) why a project is being undertaken.
a. statement of work
b. business case
c. subprojects
d. source selection criteria
4. An organization s vision often includes reference to its social, environmental, and economic health, collectively referred to as the:
a. triple bottom line
b. business case
c. statement of work (SOW)
d. net present value (NPV)
5. The charter is the primary deliverable of a project’s_______phase.
a. Selecting
b. Initiating
c. Planning
d. Executing
6. According to the PMBOK, the rough order of magnitude for the summary budget within the project charter is .
a. 100% to 200% accuracy
b. 25% to 75% accuracy
c. 5% to 10% accuracy
d. none of the above
7. After identifying potential project risks, the project team should then________.
a. develop risk response plans for all identified risks.
b. wait for the sponsor to conduct a risk assessment.
c. move on to other components of the charter, since identifying risks is the only risk-related activity in the initiating phase.
d. assess each risk based on probability and likely impact, and then create a risk response plan for each major risk.
8. One of the major challenges with a job shop process is that:
a. Employees become bored from doing the same task over and over again
b. Planning and scheduling are difficult
c. Many activities must be outsourced to a variety of different suppliers
d. It is very costly to stop production