HPC 6 Midterm Examination

A steps in planning where as a statement of the problem and normally contains errors, ambiguities, & misunderstandings

• specification

• global structure

• project breakdown

• identification of needed resources

Which of the following is/are NOT a sources of a problem

• The deliverable is not appropriate

• The time frame is unrealistic

• The resources are not available

• None of the above

What are the eight (8) steps in planning?

Five (5) stages of planning

The goals and objectives it describes what we want to achieve to solve the problem or take advantage of the opportunity

• True

• False

SMART means....

Which of the following are ways to measures success

• Our desired results that can be quantified

• Avoid intangible measures

• Avoid use of “all” or “never”

• All of the above

Essay: read, understand and give your opinion on the saying below:

“If you keep on doing what you’ve always done . . .

. . . You will keep on getting what you’ve always got.”

Essay:

Why is that when starting a business or when introducing a new product it possibly fails about 80%? Give example.

The initial stage for the new-product development process is called _________.

• idea generation

• idea screening

• feasibility study

• market segment