Project management chapter 2 quiz. Strategy determines how an organization will compete.

Project management chapter 2 quiz tactics. Save. Only top management must understand strategy. Matrix - Report to multiple bosses and structure can be weak, balanced, or strong Study with Quizlet and memorize flashcards containing terms like Projects Cannot Be Run In Isolation, Projects must operate, Project managers need to use and more. MGMT 640 - 2 - Quiz for Project Management University Canada West Professor John Shangyen Question 1 / 5 : What is the application of knowledge, skills, tools, and techniques to project activities to meet project requirements? Sep 27, 2024 · Project Management Chapter 1 and 2 Quiz! Do you know anything about project management, and do you think you can pass this quiz? Project management is the process of leading a team's work to achieve goals and achieve success criteria at a given time. Quiz yourself with questions and answers for Project Management - Chapter 2 Quiz, so you can be ready for test day. focus; d. project size 3. D. cost leadership; b. Expect a timed quiz after each chapter to assess your knowledge base and testing skills. Project management is the process of applying knowledge, skills, tools, and techniques to project activities in order to meet project requirements. , An organization should focus on projects with a ____ NPV if financial value is a key criterion for project selection Project Management: Quiz #2. MGMT 640 – Project Management. 4 Project Success; 1. Mar 12, 2025 · -Defining all the work of the project-Estimating how long it will take to complete the work-Estimating the resources required to complete the work-Estimating the total cost of the work-Sequencing the work-Building the initial project schedule-Analyzing and adjusting the project schedule-Documenting the project plan-Gaining senior management approval to launch the project a network planning method created for the US Navy's Polaris missile project in the 1950s, which involved 3,000 separate contractors and suppliers critical path method CPM a network planning method developed in the 1950s as a means of scheduling maintenance shut-downs at chemical-processing plants Study with Quizlet and memorize flashcards containing terms like You calculate cash ____ by subtracting costs from benefits, or expenses from income. lack of familiarity w/ functional area & technology 2. Project manager, customer, and senior management B. Strategy determines how an organization will compete. The questions cover topics such as characteristics of project life cycles, relationships between project life cycles and phases, how the cost of change varies over the project life cycle, different types of project organizations 1. , A large company continues to be successful by providing new products and services for its market niche of brides. The featured exercises and quizzes will facilitate your vocabulary and process concepts. Functional - Managers report to CEO People are grouped based on what they can do 2. Students shared 364 documents in this course. 1 Definition and Key Concepts of Project Management; 1. - Guidelines for project selection such as considering financial value, prioritizing crucial projects, and developing a consistent selection process. Find other quizzes for Professional Development and more on Quizizz for free! Which of the following is NOT true about an organization's strategy? A. Which This document contains a 40 question true/false quiz about key concepts in project management from Chapter 2, including: - Definitions of terms like net present value (NPV), payback period, weighted scoring models, and balanced scorecards. 8 Multiple Quiz yourself with questions and answers for Project Management Chapter 2 Quiz, so you can be ready for test day. Project management plays a key role in supporting strategy. Flashcards; Learn; Test; Match; Get a hint. Executive sponsor, functional employees, and the project manager D. Project - Program managers report to CEO Gives PM a lot of power. So they can make appropriate decisions and adjustments and be effective project advocates C. 6 Project Management Knowledge Areas; 1. B. Objective: The purpose of this quiz is to assess your understanding of Project . 1 1. You've listed their names, departments, interests in the project, and level of influence. These legs include the: A. 5 Project Management Life Cycle and Process Groups; 1. 3. A: An artifact B: A stakeholder matrix C: A project request D: A high-level scope definition E: A business case and more. - The Study with Quizlet and memorize flashcards containing terms like Two main reasons PMs need to understand their organization's mission and strategy, Strategic management, 2 dimensions of strategic management and more. Executive Management Acceptance Phase (visible executive support, executive understanding of PM, project sponsorship, willingness to change way of doing business). TEST 1 20 August 2019, answers. Why do project managers need to understand their organization's mission and strategy? A. Developing vision and mission statements is an important tactical step in project management. Mar 22, 2023 · Overview: As a new learner to this course, you will be introduced to Project Management five process areas and nine Knowledge areas. Project Management, Chapter 2, Quiz. It involves planning, organizing, and controlling all aspects of a project, including scope, time, cost, quality, communication, and risk management. Project Management Test Bank used for Tests student which of the following is not true about an strategy? project selection process that is strongly linked to This quiz assesses your understanding of organizational strategy and project selection as outlined in Chapter Two. Introduction to Project Management. 2. The project manager, the project manager's sponsor, and the customer's project Study with Quizlet and memorize flashcards containing terms like Which of the following is NOT one of the requirements for successful implementation of strategies through projects?, If a proposed project does not meet one of the designated "must" objectives it should be immediately removed from consideration. , There should not be any projects in the lower-right quadrant of a bubble chart because they have ______ value and _____ risk. Quiz _____ is the application of knowledge, skills, tools, and techniques to project activities to meet project requirements The correct option is Project management Study with Quizlet and memorise flashcards containing terms like Which of the following is not part of a SWOT analysis? a. C. , List at least three features of a project (what makes a project a project): and more. Explore quizzes and practice tests created by teachers and students or create one from your course material. weaknesses; c. What have you created? Choose two. Answer: FALSE Diff: 2 Section: 2 Projects and Organizational Strategy LO: 2: Understand how effective project management contributed to achieving strategic objectives. 4. (Consulting firms do not report to functional managers) 3. *Gives you the activities you need to be able to create the project plan. Discover the essential elements that project managers must grasp to effectively align their projects with the company's strategic goals. Chapter 2 Project management. 2 Project Characteristics; 1. opportunities; d. compatibility w/ existing technology These factors could be included in what type of assessment Economic feasibility This feasibility is determined by identifying costs and benefits associated with the system This document contains 17 multiple choice questions about project life cycles, phases, organizations, and stakeholders based on content from the PMBOK 4th edition. 20 terms. Study with Quizlet and memorize flashcards containing terms like 5 elements of the planning stage, 4 questions of planning stage, 3 components of project uncertainty and more. Classification: Concept AACSB: Application of Knowledge Study with Quizlet and memorize flashcards containing terms like Fill in the blanks: Project management consists of an organized set of _____ _____ and _____ working together. What are the keywords in the definition of project management? Temporary and unique. 0 Learning Objectives and Overview; 1. , T/F: A single approach to project management could fit all industries and organizations. Pre- investment phase Opportunity study( identification of project ideas) Pre-feasibility study (preliminary project formulation , selection of alternatives) Feasibility study (techno-economical project back ground, final project formulation stage) Evaluation report ( decision making about project availability) 2. Project Management Chapter 2 quiz for University students. Course: Business management (OBS 220) 364 Documents. strengths; b. 3 Project Constraints; 1. Project selection should be clearly aligned with strategy. Service & Production Operations Management - Kenneth Matheson - Fall 2023 - Exam 2 - Quiz Questions Chapter 7-15 Chapter 1. Line Management Acceptance Phase (line management support, commitment, education, and willingness to release employees for PM training). Project manager, line managers, and functional employees C. , Projects are usually classified into all but one of the following categories. To reduce project duration and increase the number of projects implemented B. 1. 7 Key Takeaways; 1. customer service A selective outline of the project used for collecting information to use through all phases of the life cycle, to meet needs of all stakeholders, and measure performance against the strategic plan of the organization. E. quality; c. Strategy is implemented through projects. What is its main competitive strategy? a. The stool for success in project management has three legs. hymtzg vtlkm qfr nqzqm xuxm xxdl aacepfw hbkeir yhvy nggjrj enpm bvkcwt puasj qawhl mhvsny