Question 1

The main distinction between platform and derivative projects is that the latter depend on existing technology.

Accepted Answer

A) True 
 B)False

Question 2

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

Accepted Answer

A) True 
 B)False

Question 3

"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 4

Projects with deliverables that are incrementally different from existing offerings are classified as platform projects.

Accepted Answer

A) True 
 B)False

Question 5

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

Accepted Answer

A) True 
 B)False

Question 6

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

Question 7

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

Accepted Answer

A) True 
 B)False

Question 8

Which of the following is a nonnumeric project selection method?

Accepted Answer

A)  Q-sort method 
B)  payback period 
C)  discounted cash flow method 
D)  real options 
E)  scoring methods 
A)  Q-sort method 
B)  payback period 
C)  discounted cash flow method 
D)  real options 
E)  scoring methods

Question 9

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 10

Which of the following are projects?

Accepted Answer

A)  the design and development of a new product 
B)  gathering and entering employment data for a Bureau of Labor Statistics quarterly report 
C)  producing a car on an automobile assembly line 
D)  a and b above. 
E)  a, b, and c above. 
A)  the design and development of a new product 
B)  gathering and entering employment data for a Bureau of Labor Statistics quarterly report 
C)  producing a car on an automobile assembly line 
D)  a and b above. 
E)  a, b, and c above.

Question 11

As a rule of thumb,the number of factors included in a scoring model should be at least 10.

Accepted Answer

A) True 
 B)False

Question 12

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

The main distinction between platform and derivative projects is that the latter depend on existing technology.

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

"Blue Sky" projects are

Projects with deliverables that are incrementally different from existing offerings are classified as platform projects.

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

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:

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

Which of the following is a nonnumeric project selection method?

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

Which of the following are projects?

As a rule of thumb,the number of factors included in a scoring model should be at least 10.

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

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

The main distinction between platform and derivative projects is that the latter depend on existing technology.

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

"Blue Sky" projects are

Projects with deliverables that are incrementally different from existing offerings are classified as platform projects.

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

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:

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

Which of the following is a nonnumeric project selection method?

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

Which of the following are projects?

As a rule of thumb,the number of factors included in a scoring model should be at least 10.

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

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