Determine the cost-value of potential projects

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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

Reference no: EM132274085

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