Question 1

Briefly explain the advantages of using scoring models to evaluate and select projects rather than using financial models.

Accepted Answer

The answer of Briefly explain the advantages of using scoring...

Question 2

A disadvantage of using the discounted cash flow method (or net present value) for selecting projects is that it ignores all non-monetary factors associated with the project.

Accepted Answer

A) True 
 B)False

Question 3

One reason for the emphasis on project management is that tasks fit neatly into business-as-usual.

Accepted Answer

A) True 
 B)False

Question 4

In project management, superior-subordinate relationships are known and lines of authority are clear.

Accepted Answer

A) True 
 B)False

Question 5

A project that is selected because it is necessary for continued operations exemplifies a sacred cow.

Accepted Answer

A) True 
 B)False

Question 6

"Blue Sky" projects are

Accepted Answer

A)  R & D projects 
B)  Platform projects 
C)  Breakthrough projects 
D)  Derivative projects 
E)  High risk projects 
A)  R & D projects 
B)  Platform projects 
C)  Breakthrough projects 
D)  Derivative projects 
E)  High risk projects

Question 7

A disadvantage of using scoring models rather than financial models for selecting projects is that they cannot include the project's profitability.

Accepted Answer

A) True 
 B)False

Question 8

Explain what the third alternative is in negotiation.

Accepted Answer

The answer of Explain what the third alternative is in...

Question 9

Projects are subdivisions of programs.

Accepted Answer

A) True 
 B)False

Question 10

If the initial investment is a project is $100,000 and the expected annual net profit for the project is $20,000, the payback period is:

Accepted Answer

A)  One fifth of a year 
B)  4 years 
C)  5 years 
D)  10 years 
E)  insufficient information to determine the payback period 
A)  One fifth of a year 
B)  4 years 
C)  5 years 
D)  10 years 
E)  insufficient information to determine the payback period

Question 11

Rank-ordering a large number of projects can be done with a Q-sort.

Accepted Answer

A) True 
 B)False

Question 12

What are the major trends in project management?

Accepted Answer

The answer of What are the major trends in project...

Question 13

Which of the following would not be considered a project?

Accepted Answer

A)  placing the weekly replenishment order 
B)  a political campaign 
C)  constructing a new office building 
D)  developing a new cancer treatment. 
E)  writing a new textbook 
A)  placing the weekly replenishment order 
B)  a political campaign 
C)  constructing a new office building 
D)  developing a new cancer treatment. 
E)  writing a new textbook

Question 14

Programs are subdivisions of projects.

Accepted Answer

A) True 
 B)False

Question 15

When using financial methods for selecting projects, the payback period is the simplest and best method to use.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following is a numeric project selection method?

Accepted Answer

A)  comparative benefits 
B)  payback period 
C)  Q-sort method 
D)  operating/competitive necessity 
E)  sacred cow 
A)  comparative benefits 
B)  payback period 
C)  Q-sort method 
D)  operating/competitive necessity 
E)  sacred cow

Question 17

Which of the following is are criteria for project selection?

Accepted Answer

A)  Is there a market offering for the project results 
B)  How risky is the project 
C)  Is the project synergistic with other important projects 
D)  All of the above 
A)  Is there a market offering for the project results 
B)  How risky is the project 
C)  Is the project synergistic with other important projects 
D)  All of the above

Question 18

The main distinction between platform and breakthrough projects is that the former usually depend on existing technology.

Accepted Answer

A) True 
 B)False

Question 19

The comparative benefits method is considered a nonnumeric project selection method.

Accepted Answer

A) True 
 B)False

Question 20

Projects are always carried out under conditions of uncertainty.

Accepted Answer

A) True 
 B)False

Briefly explain the advantages of using scoring models to evaluate and select projects rather than using financial models.

A disadvantage of using the discounted cash flow method (or net present value) for selecting projects is that it ignores all non-monetary factors associated with the project.

One reason for the emphasis on project management is that tasks fit neatly into business-as-usual.

In project management, superior-subordinate relationships are known and lines of authority are clear.

A project that is selected because it is necessary for continued operations exemplifies a sacred cow.

"Blue Sky" projects are

A disadvantage of using scoring models rather than financial models for selecting projects is that they cannot include the project's profitability.

Explain what the third alternative is in negotiation.

Projects are subdivisions of programs.

If the initial investment is a project is $100,000 and the expected annual net profit for the project is $20,000, the payback period is:

Rank-ordering a large number of projects can be done with a Q-sort.

What are the major trends in project management?

Which of the following would not be considered a project?

Programs are subdivisions of projects.

When using financial methods for selecting projects, the payback period is the simplest and best method to use.

Which of the following is a numeric project selection method?

Which of the following is are criteria for project selection?

The main distinction between platform and breakthrough projects is that the former usually depend on existing technology.

The comparative benefits method is considered a nonnumeric project selection method.

Projects are always carried out under conditions of uncertainty.

The Manager, the Organization, and the Team

Planning the Project

Budgeting the Project

Scheduling the Project

Allocating Resources to the Project

Monitoring and Controlling the Project

Evaluating and Terminating the Project

Filters

Exam 1: The World of Project Management

Briefly explain the advantages of using scoring models to evaluate and select projects rather than using financial models.

A disadvantage of using the discounted cash flow method (or net present value) for selecting projects is that it ignores all non-monetary factors associated with the project.

One reason for the emphasis on project management is that tasks fit neatly into business-as-usual.

In project management, superior-subordinate relationships are known and lines of authority are clear.

A project that is selected because it is necessary for continued operations exemplifies a sacred cow.

"Blue Sky" projects are

A disadvantage of using scoring models rather than financial models for selecting projects is that they cannot include the project's profitability.

Explain what the third alternative is in negotiation.

Projects are subdivisions of programs.

If the initial investment is a project is $100,000 and the expected annual net profit for the project is $20,000, the payback period is:

Rank-ordering a large number of projects can be done with a Q-sort.

What are the major trends in project management?

Which of the following would not be considered a project?

Programs are subdivisions of projects.

When using financial methods for selecting projects, the payback period is the simplest and best method to use.

Which of the following is a numeric project selection method?

Which of the following is are criteria for project selection?

The main distinction between platform and breakthrough projects is that the former usually depend on existing technology.

The comparative benefits method is considered a nonnumeric project selection method.

Projects are always carried out under conditions of uncertainty.

The Manager, the Organization, and the Team

Planning the Project

Budgeting the Project

Scheduling the Project

Allocating Resources to the Project

Monitoring and Controlling the Project

Evaluating and Terminating the Project

Filters