Obj. 1.06: OP-158 Pretest

Projects are short-term undertakings that create

• boosts in revenue

• unique goods or services

• new business opportunities

• marketing campaigns

Projects differ from business operations because projects have a definite

• beginning and end.

• plan.

• business advantage.

• schedule.

What is one of the elements of all projects?

• Top-level managers

• New technology

• Budget

• Resources

Which of the following statements best describes the goal of project management:

• Increasing a project’s level of difficulty

• Ensuring efficient completion of a project

• Keeping team members in line

• Improving a project’s revenue

Which of the following is a common challenge for project managers:

• Laws and regulations

• Poorly defined goals

• A surplus of resources

• A lack of risk

What is the first stage of the project management process?

• Initiation

• Execution

• Monitoring and controlling

• Planning

Which of the following is an activity performed during the planning phase of a project:

• Schedule implementation (execution)

• Budget development

• Feasibility analysis

• Concept identification

The possibility that a project team member might leave during the course of a project is an example of a

• risk.

• governance

• lesson learned.

• mechanism.

  control.

During which stage of a project does the manager note what went well and what could be improved?

• Monitoring and controlling

• Closing

• Execution

• Initiation

Successful project management depends on the use of appropriate

• technology.

• outsourcing.

• foreign investments.

• pressure tactics.