Project Management Exam

The most critical attribute of a project is that it must be important in the eyes of 1. The six attributes that characterize a project are: Earned value is based on the concept that the percentage of project completion is closely correlated with The project to construct a highway is unique because 2. With respect to project goals, early in the project lifecycle the project team should be focused on how to achieve the required performance. 3. Explain the conflict that often exists between the client and the parent organization. 4. A project selected using the sacred cow model will be maintained until successfully completed or until 5. The drawback of the ________ model is that it fails to consider cash flows obtained once the initial investment has been recovered. If the NPV for a project is < 0, it indicates that the project will ________ 6. Identify the example of a non-cash expense that would be added to accounting income to determine cash flow from operations. 7. All of the following are advantages that favor use of weighted scoring models except ________. 8. Measurements used in project selection models must be numeric, reliable, and valid. 9. Consider the following three-year projects A and B each with the same initial investment of $1000. You are presented with the following measures for the projects: Project A: NPV $400; Payback 24 months Project B: NPV $545; Payback 26 months Which project would you choose and why? 10. Identify three important characteristics that would be desirable in a project manager. Explain your reasoning. 11. In the systems approach to design, one organization would have to take responsibility for ________. And many more questions