Question 1

SMEs are individuals either within a company or outside the company who possess expertise or unique knowledge in a particular facet of business.

Accepted Answer

A) True 
 B)False  True

Question 2

Net present value is a method of calculating the net monetary gain or loss from and investment (project) by discounting all future costs and benefits to the present time.

Accepted Answer

A) True 
 B)False  True

Question 3

With respect to putting a business case together, what are the benefits of building a team representative of all affected stakeholders?

Accepted Answer

The benefits of building such a team for the business case development process are many: credibility; accuracy; thoroughness; and ownership. Credibility is achieved because the information is coming from many different sources allowing for checks and balances. Accuracy is improved for the same reasons plus the information coming from people who are best equipped to provide it. Thoroughness is aided by this approach if all team members are allowed input into the process. Finally, it's important that IT projects are not viewed as solely the property of the IT department.

Question 4

Selecting the right projects to work on is not important but sometimes difficult for an organization.

Accepted Answer

A) True 
 B)False

Question 5

The reason we create financial models for project selection analysis is to ascertain whether the ________ outweigh the costs and to what degree.

Accepted Answer

A)  benefits 
B)  resources 
C)  projects 
D)  requirements 
A)  benefits 
B)  resources 
C)  projects 
D)  requirements

Question 6

The development of strategies involves an analysis of the ________ environment to identify economic, social, and technological opportunities and potential threats.

Accepted Answer

A)  internal 
B)  external 
C)  organizational 
D)  market 
A)  internal 
B)  external 
C)  organizational 
D)  market

Question 7

The balanced scorecard approach to project valuation suggests that the organization be viewed from four perspectives. List and explain those four.

Accepted Answer

1. Financial - The strategy for growth,

Question 8

A project ________ is a document composed of a set of project characteristics - costs, benefits, risks, etc. - that aid organizational decision makers in deciding what projects to work on.

Accepted Answer

A)  plan 
B)  charter 
C)  contract 
D)  business case 
A)  plan 
B)  charter 
C)  contract 
D)  business case

Question 9

________ rate of return is the discount rate at which NPV is zero.

Accepted Answer

A)  External 
B)  Project 
C)  Future 
D)  Internal 
A)  External 
B)  Project 
C)  Future 
D)  Internal

Question 10

The project charter is the last tangible work product created in all projects.

Accepted Answer

A) True 
 B)False

Question 11

Subject matter expert judgments, "sacred cow" decisions, and mandates are examples of quantitative project selection models.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following is NOT a key component of a business case?

Accepted Answer

A)  Resources required 
B)  Key objectives 
C)  Risks 
D)  Qualitative models 
A)  Resources required 
B)  Key objectives 
C)  Risks 
D)  Qualitative models

Question 13

The real options theory is widely acknowledged as achieving poorer results than traditional valuation methods.

Accepted Answer

A) True 
 B)False

Question 14

Projects should be selected based on the value they will bring to the organization. Explain what value means in this sense.

Accepted Answer

The value of a project relates

Question 15

Models allow you to emphasize key parts of the puzzle and see them more clearly.

Accepted Answer

A) True 
 B)False

Question 16

The contents of a business case do not change depending on the size, cost, level of risk, or strategic importance of the project.

Accepted Answer

A) True 
 B)False

Question 17

The project charter template has three main sections: project identification, key project characteristics, and resource responsibilities and approvals.

Accepted Answer

A) True 
 B)False

Question 18

IT portfolio management organizes a group of IT projects into multiple portfolios consisting of reports that capture project goals, costs, time lines, accomplishments, resources, risks, and other critical factors.

Accepted Answer

A) True 
 B)False

Question 19

The two stakeholder analysis deliverables, as described by PMBOK, are the stakeholder register and the stakeholder analysis matrix.

Accepted Answer

A) True 
 B)False

Question 20

The payback period is the amount of time it will take a project before the accrued costs surpass the accrued benefits.

Accepted Answer

A) True 
 B)False

SMEs are individuals either within a company or outside the company who possess expertise or unique knowledge in a particular facet of business.

Net present value is a method of calculating the net monetary gain or loss from and investment (project) by discounting all future costs and benefits to the present time.

With respect to putting a business case together, what are the benefits of building a team representative of all affected stakeholders?

Selecting the right projects to work on is not important but sometimes difficult for an organization.

The reason we create financial models for project selection analysis is to ascertain whether the ________ outweigh the costs and to what degree.

The development of strategies involves an analysis of the ________ environment to identify economic, social, and technological opportunities and potential threats.

The balanced scorecard approach to project valuation suggests that the organization be viewed from four perspectives. List and explain those four.

A project ________ is a document composed of a set of project characteristics - costs, benefits, risks, etc. - that aid organizational decision makers in deciding what projects to work on.

________ rate of return is the discount rate at which NPV is zero.

The project charter is the last tangible work product created in all projects.

Subject matter expert judgments, "sacred cow" decisions, and mandates are examples of quantitative project selection models.

Which of the following is NOT a key component of a business case?

The real options theory is widely acknowledged as achieving poorer results than traditional valuation methods.

Projects should be selected based on the value they will bring to the organization. Explain what value means in this sense.

Models allow you to emphasize key parts of the puzzle and see them more clearly.

The contents of a business case do not change depending on the size, cost, level of risk, or strategic importance of the project.

The project charter template has three main sections: project identification, key project characteristics, and resource responsibilities and approvals.

IT portfolio management organizes a group of IT projects into multiple portfolios consisting of reports that capture project goals, costs, time lines, accomplishments, resources, risks, and other critical factors.

The two stakeholder analysis deliverables, as described by PMBOK, are the stakeholder register and the stakeholder analysis matrix.

The payback period is the amount of time it will take a project before the accrued costs surpass the accrued benefits.

Introduction to Project Management

A Systems View and Systems Methodology

The Project Management Framework

Project Scope and Human Resource Planning

Project Time and Cost Planning

Project Quality and Communications Planning

Project Risk Management Planning

Project Procurement Planning

Project Execution

Project Monitoring and Control, Part I

Project Monitoring and Control, Part II

Project Closure

Advanced Topics in Project Management

Filters

Exam 4: Project Initiation

SMEs are individuals either within a company or outside the company who possess expertise or unique knowledge in a particular facet of business.

Net present value is a method of calculating the net monetary gain or loss from and investment (project) by discounting all future costs and benefits to the present time.

With respect to putting a business case together, what are the benefits of building a team representative of all affected stakeholders?

Selecting the right projects to work on is not important but sometimes difficult for an organization.

The reason we create financial models for project selection analysis is to ascertain whether the ________ outweigh the costs and to what degree.

The development of strategies involves an analysis of the ________ environment to identify economic, social, and technological opportunities and potential threats.

The balanced scorecard approach to project valuation suggests that the organization be viewed from four perspectives. List and explain those four.

A project ________ is a document composed of a set of project characteristics - costs, benefits, risks, etc. - that aid organizational decision makers in deciding what projects to work on.

________ rate of return is the discount rate at which NPV is zero.

The project charter is the last tangible work product created in all projects.

Subject matter expert judgments, "sacred cow" decisions, and mandates are examples of quantitative project selection models.

Which of the following is NOT a key component of a business case?

The real options theory is widely acknowledged as achieving poorer results than traditional valuation methods.

Projects should be selected based on the value they will bring to the organization. Explain what value means in this sense.

Models allow you to emphasize key parts of the puzzle and see them more clearly.

The contents of a business case do not change depending on the size, cost, level of risk, or strategic importance of the project.

The project charter template has three main sections: project identification, key project characteristics, and resource responsibilities and approvals.

IT portfolio management organizes a group of IT projects into multiple portfolios consisting of reports that capture project goals, costs, time lines, accomplishments, resources, risks, and other critical factors.

The two stakeholder analysis deliverables, as described by PMBOK, are the stakeholder register and the stakeholder analysis matrix.

The payback period is the amount of time it will take a project before the accrued costs surpass the accrued benefits.

Introduction to Project Management

A Systems View and Systems Methodology

The Project Management Framework

Project Scope and Human Resource Planning

Project Time and Cost Planning

Project Quality and Communications Planning

Project Risk Management Planning

Project Procurement Planning

Project Execution

Project Monitoring and Control, Part I

Project Monitoring and Control, Part II

Project Closure

Advanced Topics in Project Management

Filters