BM I Unit 1.06

Which of the following is a true statement about projects:

• They rely on traditional management structures.

• They create goods, not services.

• They are short-term undertakings.

• Their processes are more important than their results.

Every project creates a(n)

• deliverable.

• new product.

• company.

• advertising plan.

Projects are different from business operations because business operations

• are special ventures.

• are permanent.

• use untraditional management structures.

• have a definite beginning and end.

Which of the following is an element of any project:

• Technology

• Outcome

• Natural resources

• Board of directors

Which of the following is an example of a project that enhanced an existing product:

• The construction of the Empire State Building

• A medication that cures a life-threatening illness

• A software update for your computer

• The sequel to your favorite movie

When the hybrid vehicle was introduced, it was an example of a project that

• created new technology.

• enhanced an existing project.

• used entirely new technology.

Which of the following is a true statement regarding project managers?

• Anyone with the right skills can be a project manager.

• Project managers are usually top-level executives.

• Math and computing are the most important skills for project managers.

• Project managers are only distantly involved in the project.

The project manager controls what the project will and will not do, known as the project’s

• budget.

• plan.

• schedule.

• scope.

Which of the following is a true statement regarding a project champion?

• They are closely involved in the work of the project.

• They are the same person as the project manager.

• They can mobilize the necessary resources to get the project done.

• They are usually a low-ranking employee in the business.

When a hurricane interrupted a business’s new product development, the project team had a plan for getting things back on track. This is an example of how project management

• helps businesses evaluate feasibility.

• allows employees to adapt to risk.

• requires a product champion.

• needs strong quality controls.