Project Management 1

1. A project typically has ____________.

 

a. a defined start and end date

 

b. a defined start date but no defined end date

 

c. no defined start but a defined end date

 

d. no defined start or end date

 

 

2. The Project Management Body of Knowledge Guide definition of a project indicates that a

 

project is ____________.

 

a. multifunctional

 

b. temporary

 

c. designed to consume human resources

 

d. limited by a budget

 

 

3. A business reality that makes effective project management critical is the fact that ___________.

 

a. products are becoming increasingly simple

 

b. inflation is rampant

 

c. product life cycles are compressing

 

d. product launch windows are widening

 

 

4. A product is introduced into a market, gains the acceptance of a fickle public and is finally

 

supplanted by a new and improved offering. This phenomenon is known as the ____________.

 

a. product life cycle

 

b. rule of 80

 

c. Mendoza line

 

d. beta

 

 

5. The degree of innovation and creativity is typically at its highest during the _____________

 

phase.

 

a. conceptualization

 

b. planning

 

c. execution

 

d. termination

 

 

6. The amount of corporate investment is typically at its lowest in the ____________ phase.

 

a. conceptualization

 

b. planning

 

c. execution

 

d. termination

 

 

7. The dimension of project success that is realized last is _____________.

 

a. future potential

 

b. business success

 

c. impact on the customer

 

d. efficiency

 

 

8. The dimension of project success that is measured by both an internal and external criterion is

 

_____________.

 

 

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