1. Approximately what percentage of the world's GDP is spent on projects?
Correct Answer: • 25%
2. Which of the following is not a potential advantage of using good project
management?
Correct Answer: • Higher worker morale
3. A ______________ is a temporary endeavor undertaken to create ...
1. Approximately what percentage of the world's GDP is spent on projects?
Correct Answer: • 25%
2. Which of the following is not a potential advantage of using good project
management?
Correct Answer: • Higher worker morale
3. A ______________ is a temporary endeavor undertaken to create a unique product,
service, or result.
Correct Answer: • Project
4. Which of the following is not an attribute of a project?
Correct Answer: • Projects involve no uncertainty
,5. Which of the following is not part of the triple constraint of project management?
Correct Answer: • Meeting quality goals
6. _____________ is the application of knowledge, skills, tools and techniques to
project activities to meet project requirements.
Correct Answer: • Project management
7. Project portfolio management addresses ______________ goals of an organization,
while project management addresses ___________ goals.
Correct Answer: • Strategic, tactical
9. What is the certification program called that the Project Management Institute
provides?
Correct Answer: • Project Management Professional (PMP)
1. The three spheres of systems management are business, technology, and
___________.
Correct Answer: • Organization
2. Which of the following is not part of a SWOT analysis?
Correct Answer: • Tactics
, 3. The last step in the four-stage planning process for projects is _______________.
Correct Answer: • Resource allocation
4. It is very important to start at the top of the four-stage planning process pyramid to
select projects that support the organization's _________________.
Correct Answer: • Business strategy
5. Which of the following statements is false concerning the financial analysis of
projects?
Correct Answer: • The required rate of return is the discount rate that results in an
NPV of zero for the project.
6. A __________________ is a methodology that converts an organization's value
drivers -such as customer service, innovation, operational efficiency, and financial
performance - into a series of defined metrics.
Correct Answer: • Balanced scorecard
7. Which of the following is not a major benefit of grouping projects into programs?
Correct Answer: • Increasing revenues
8. The Hospital Readmission Reduction Program is an example of a(n)
_______________ from the Patient Protection and Affordable Care Act.
Correct Answer: • Directive
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