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Even though a company might work on similar projects over and over again, such as building houses, providing training courses or developing specific types of products, there are unique challenges because all projects involve _________
Progressive elaboration
People
Uncertainty
Competition
Which of following is a difference between projects and operations?
Operations have well defined objectives whereas projects do not need to have a unique purpose
Operations are undertaken to create unique products, services or results whereas projects are not
Projects are temporary endevours, whereas an organization's operations are ongoing in nature
Projects are undertaken to sustain an organization's business whereas operations are not
In which of the five project management process groups is the most time and money usually spent?
Initiating
Planning
Execution
Monitoring and controlling
Project Management is compromised of ________________,______________________ and _____________________
A set of skills .... an information system.... a methodology
Knowledge..... applications... processes
A set of skills.... a suite of tools... a series of processes
A set of tools...a methodology.... a team
Managers__________ while leaders _____________.
Maintain ... develop
administrate... focus on people
do paperwork .... innovate
do things right ..... constrain
Main goal for a Project Portfolio is to _______________
balance project budgets
do the right project at the right time
assign resources to projects
Execute projects
The balanced scorecard that focuses on the organization as being a great place to work is called?
Process
People and learning
Customers
Financial stewardship
One of the typical goals for a PMO is __________
Balance project budget
execute projects
optimize resources utilization
develop project methodologies
You are reviewing 4 project. Based on the NPV, which project would be the best choice?
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