Exam 4: Project Initiation

In a decision tree,an alternative's expected value is calculated by multiplying each possible payoff of the alternative by its probability and summing the results.

It is not necessary to identify the stakeholders before a project is planned.

JAD is very effective for large complex projects.

Payback occurs when net costs equal net benefits accumulated over the project years.

Shapers should be relied upon for help,guidance,and advice.

Identify five ways that project requirements may be gathered.

Project proposals include each of the following except

The most important benefit of a project charter is that it authorizes a project and ensures that necessary resources and management commitments are provided to achieve success.

Observers have neither interest in nor influence on the project.

Assuming a discount rate of 8 percent,what is the present value of $800,000 three years from now?

A project involving renovations due to a fire or other disaster would be classified as

Individuals or organizations who are affected by a project best defines

A sentence or short paragraph written by an organization to reflect its core purpose,identity,and values best defines

Categories of project manager characteristics include each of the following except

A methodology used in incorporating the requirements of those who have an interest in a project best defines

A use case is a technique used in software projects to document the potential requirements of a new system or software.

Which of the following describes the work to be done in detail and will be used in the project charter in the future and in all project documents?

Technology employed in projects should not determine project team member selection.

According to Wheelwright and Clark,which of the following project types breeds future commercial products,new systems,and novel services?

Project selection criteria include