A _______________ is a temporary endeavor undertaken to create a unique product, service, or result.
Student Response Value
A. program
B. process C. project 100%
D. portfolio
Score: 2/2
Which of the following is not an attribute of a project?
Student Response Value
A. projects are unique
B. projects are developed using progressive elaboration
C. projects have a primary customer or sponsor D. projects involve no uncertainty 100%
Score: 2/2
Which of the following is not part of the triple constraint of project management?
Student Response Value
A. meeting scope goals
B. meeting time goals C. meeting communications goals 100%
D. meeting cost goals
Score: 2/2
Project
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increasing revenues 100%
B. increasing authority
C. saving money
D. saving time
Score: 2/2
The ___________ cost of capital is the return available by investing the capital elsewhere.
Student Response Value
A. opportunity
B. risk C. investment 0%
D. commercial
Score: 0/2
Assuming the value of a dollar is worth more today than in the future, the net present value of a multi-year project should be _______ than the sum of its cash flows.
Student Response Value A. more 0%
B. less
C. the same
D. none of the above
Score: 0/2
If a project cost is only $100 up front and its annual benefits are $20/year, what is its payback period?
Student Response Value
A. 3 years
B. 4 years C. 5 years 100%
D. 6 years
Score: 2/2
If a weighted score for a project is based on just two criteria, fit with strategy, weighted 70% and ROI, weighted 30%, what would be the weighted score for a project with scores of 80 on fit with strategy and 50 on ROI?
Student Response Value A. 71 100%
B. 75
C. 58
D. 65
Score: 2/2
_______________ involves determining long-term objectives by analyzing the strengths and weaknesses of an organization, studying opportunities and threats in the business environments, predicting future trends, and projecting the need for new products and services.
Student Response Value
A. SWOT analysis B. Strategic planning 100%
C. Tactical planning
D. Mind
1) Performance: One has to ask themselves during a project if you have met the objectives of the project. Performance can be measured by evaluating the processes such as scope verification, quality planning, quality assurance, and quality control. The initial performance goals should be outlined in the initial Scope of Work.
17) To best evaluate, from a financial standpoint, an IT investment whose benefits cannot be firmly established in advance, you would use:
As the world is chaotic (Djavanshir and Khorramshahgol, 2006) it is impossible to always predict the future accurately. Teller at al (2012) describes project management as balancing the “iron triangle”, where changes to any one of the planned costs, quality or scope will change the other elements. Risk management allows contingency to be put into project plans, (APM, 2012) minimising negative effects and maximising the benefits of uncertainty.
These large sums of cash outflow are spread out over long periods of time. Therefore, the present value of cash flow signifies the economic worth of a project for a company at a specific point in time. This, in turn, helps decision makers ascertain the time period that the company’s investments will be tied up. Also, it helps them establish the amount of time that it will take to begin receiving a return. Furthermore, decision-makers can better evaluate which projects have a higher chance of providing them with a return sooner since present value discounts future cash flows to their equivalent value today. Additionally, it aids them in establishing which projects should be invested in and those that should not. Moreover, it allows them to ascertain if and when a project will benefit them so they can evaluate their investment options and select the best alternative (Edmonds et al.,
Using a 10 percent discount rate, the net present value of all benefits is $1,645,201.46; the net present value of all costs is $1,576,173.19; the overall net present value is $69,028.27, and the project breaks even in approximately 4.04 years.
need to be upgraded and the existing data will need to be transferred into the new
After calculating the weighted individual scores, Individual ranking score is calculated as shown in Table 3. Location 2 has a weighted score of 1.38, indicating that it is the most potential location for a new big store among the three available
Define a project. What are the characteristics which help differentiate projects from other functions carried out in the daily operations of the organization?
Unit VI Project Part 1 Dependencies A Gain an understanding of the marketplace A1 Assess Supply Chain Management A2 Analyze Competitor trends A1 A3 Analyze investment timing A1 B Analyze your business A B1 Analyze Consumer trends
(a) If the required return is 10 percent, what is the profitability index for both projects? If the company applies the profitability index decision rule, which project should the firm accept?
Question 1. What project selection method described in the chapter will ABI probably employ for this proposal? Answer According to the description, the project selection method is profitability of numeric model. We might see the points from the business strategy 1) Bid only on good margin products that have the potential for maintaining their margins over a long term. 2) Pursue only new products. 3) Utilize the most advanced technology in new projects. “ project champion” approach to innovation and creativity. no more than 480 employees. 4) Foster the
Even though the price would be lowered because of the bad weather as per the tying in price and weather policy, not everyone would still want to go away. Either it needs to be explained clearly on the website that undesirable weather will not entitle any customer to a refund or to change or cancel their booking without penalty; or the policy must be clear in whatever the company decides is fair. For example, it may state that if the weather is unpleasant can change (but not cancel) the booking to another time.
The VP of marketing, Lori, selected Elliot Wood as the project manager for the Video Game Market Research Project. Elliot had previous project management and market research experience within the company, and he also was an avid video game enthusiast. He still had the Atari system he used to play in high school, and he enjoyed playing newer games with his two children. Elliot, however, was wary of doing business on the Internet and refused to make any of his own purchases online. He also did not let his grade school children use the Internet unless they were
The proposal writing process is multifaceted, encompassing both the actual submission of a request for proposal as well as the management of the implementation of received funds. Through class lectures and assigned readings, we’ve discussed the various aspects that make up the process of grant writing. Through this essay, I will explain this process as it leads up the management of the project once funded. Furthermore, this essay will explain how to ensure that the proposal submitted addresses key aspects necessary for the project to be implemented in line with best practices for project management.