Workshop Financial and project
management
PM - Workshop 1 1
FM - Workshop 1 11
FM - Workshop 2 15
0
, WC Financial and project management
PM - Workshop 1
1. Provide a definition of “project”.
→ an individual or collaborative enterprise that is carefully planned to achieve a particular aim.
2. Project-based organizations are well-suited for achieving economies of scale?
a) True b) False
→ project is more about providing a unique service/product
3. Which of the examples below can be characterized as project?
a) Building a bridge across river Lek.
b) Preparing a new personal loan package at ABN AMRO.
c) Restructuring the company’s internet page due to legislative changes.
d) All of the above.
4. In the implementation and termination phase of a temporary project the efforts of
project members are typically the highest.
a) True b) False
5. During which stage of the project has a project manager the most influence?
a) Before the project starts.
b) During the planning process.
c) During the execution of the work.
d) During the closing processes.
→ keep it in the general sense. During the last phases: administrative part. Hre the project
manager has the most influence.
6.
a) True b) False
→ what is actually done, compared to what was the plan
7. Which are the three important factors for the success of a project, also known as “the
triple constraint”?
a) Environment, Resources, Time
b) Cost, Time, Quality
c) Specifications, People, Cost
d) Quality, Resources, Stakeholder relations
8. The three important factors for the success of a project play a crucial role in the
project priority matrix?
a) True b) False
1
, WC Financial and project management
9. Having at least two bosses is a disadvantage of …
a) functional organization model.
b) pure project organization model.
c) matrix organization model.
d) flat organization model.
→ d doesn’t exist double management problem is in general problem of matrix
10. Within a functional organization a project manager has…
a) high to ultimate authority.
b) authority to assign resources.
c) minimal to no authority.
d) authority to recommend resources.
→ above project manager: another boss, the functional manager. This one has high to ultimate
authority
!! keep the roles separate. The project manager CAN be functional, but 2 diff. roles
11. Which of the following characteristics is not in line with the project-based
organization (PBO)?
a) It is not appropriate for complex, not routine tasks.
b) Employees are highly loyal.
c) It promotes high flexibility.
d) Organizational learning might deteriorate.
12. Stakeholder influence is …
a) high during the overall project life cycle.
b) lowest at the end of a project life cycle.
c) highest at the start of a project life cycle.
d) lowest at the start of a project life cycle.
→ the further you go with the project, the more costly it will get to implement any changes
13. The “kick-off” meeting is …
a) held before the project charter is set up.
b) important to provide an overview and basic rules of the project.
c) a repetitive event.
d) All of the above is true.
→ everyone comes together, meet each other.
1 incorrect. It is held after the project charter is set up
3 incorrect. Only one time, at beginning
14. Complete the sentence by selecting the correct option: During the project
mobilization phase, …
a) all lessons learned are documented.
b) different deliverable options are evaluated.
c) all stakeholders are informed about the project.
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