23-2 Finals IS2A

In today's project management landscape, Agile methodologies are primarily used for which of the following?

• Large Scale construction project

• Software development projects

• Marketing campaigns

• Research studies

All projects can be classified into two main categories based on their origin. What are these categories?

• Profit-driven vs Social good
• Public vs Private
• Short-term vs Long-term
• Internal vs External

Project flexibility is a key attribute for successful projects. What are some benefits of flexibility in project management?

• Increased risks

• Decreased stakeholder satisfaction

• Ability to adapt to changing requirements

• Reduced costs

One of the primary goals of a project is to achieve stakeholder satisfaction. How can project managers ensure stakeholder satisfaction?

• Minimize communication with stakeholders.

• Clearly define stakeholder expectations from the outset

• Focus solely on meeting project deadlines.

• Prioritize cost savings over stakeholder needs.

Projects are distinct from operational activities. What is the key difference between a project and an ongoing operation?

• Projects are not time-bound, while ongoing operations have a specific timeline.
• Projects are continuous and repetitive, while ongoing operations are temporary.
• Projects have a defined start and end, while operations are continuous.

• Projects have no specific goal, while ongoing operations have a clear objective.

Scalability is a key attribute of successful projects. How can project managers ensure a project is scalable?

• Define a rigid project scope from the beginning.

• Utilize modular components that can be easily added to or removed.

• Allocate all available resources to the project at the start.

• Avoid planning for future growth or changes.

Which of the following best describes the connotation of the term “sacred cow” in the context of project selection?

• Represents a highly desirable but elusive goal.

• A project that is immune to criticism or change

• Refers to a source of continuous profit.

• Represents a state of theoretical isolation

Which model prioritizes keeping the system running as the primary objective?

• Operating Necessity

• Competitive Necessity

• Product Line Extension

• Comparative Benefit Model

Which model focuses on maintaining or improving the competitive position of the organization?

• Operating Necessity

• Competitive Necessity

• Product Line Extension

• Comparative Benefit Model

Which model assesses projects based on their alignment with the current product line or their ability to enhance it?

• Operating Necessity

• Competitive Necessity

• Product Line Extension

• Comparative Benefit Model