Process and project framework for completing assigned work

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Reference no: EM132308478

1. What is one way modern projects are different from projects say in the 19th or 20th centuries?

Modern projects have better access to skilled resources

Modern projects allow for better communication

Modern projects are typically short-staffed

Modern projects are riskier

2. What is the difference between a process and a project framework for completing assigned work?

Projects take longer than processes to complete

Projects involve and entail greater risks

Projects cannot be planned whereas processes can and should

Projects take less time than processes to complete

3. There is overlap across different phases of a project life cycle because

Project objectives are unclear

Inadequate planning

Inadequate resources

Project risks

4. Boeing's delays with the 787 project were most likely the result of

Its decision to outsource the design of the aircraft

Not hiring good fit project or program managers for the venture

Its decision to outsource the manufacturing of the aircraft

Not coming up with an effective product concept

5. The type of risks Boeing faced during its 787 development program can be characterized as:

Unknwown-unknowns

Cost risks

Known-unknowns

Unknown-knowns

6. Modularity is defined when a project satisfies which of the following criteria:

Standard interfaces and one-to-one mapping of tasks to objectives

Interchangeable interfaces and one-to-many mapping of tasks to objectives

Standard interfaces and many-to-many mapping of tasks to objectives

Interchangeable objectives and many-to-one mapping of tasks to objectives

7. Boeing decided to outsource the design and manufacturing of key components of its 787 aircraft in order to:

Reduce fixed costs of their involvement

Reduce the fixed cost at the expense of higher variable costs

Reduce mainly the variable cost of producing their planes

Reduce fixed and variable costs of their involvment

8. On hindsight which of the following strategies would have been more beneficial to Boeing on its 787 program?

Design to specifications

Build to print

Build to specifications

Design to print

9. In general, for large and complex projects, which approach to project management is more likely to be a critical success factor for project managers?

Technical skills

Sociocultural approach

Tragedy of the commons approach

Socio-economic approach

10. Which of the following project frameworks can best reflect and translate the strategic intent of the company?

The payback model of project selection

Portfolio management system

Financial monitoring and control of costs

The NPV model of project selection

Reference no: EM132308478

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