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Corporate investments and project business

Total questions: 15

Worksheet time: 10mins

Name
Class
Date
1.

Which of the following characterize a project?

a)

Work without a defined outcome, but with a specific allocation of resources

b)

A temporary endeavor without a defined set of activities

c)

All activities that take place in a single location by a specific organization

d)

A set of activities with a specific allocation of resources

2.

In what Standards you can find information about project requirements?

a)

ISO 21500

b)

PMBOK

c)

P2M

d)

Prince2

e)

ICB

3.

Can the following goal be classified as the SMART one?

"Increase rapport within the team over the next quarter with the aim to build trust and improve output."

a)

YES

b)

NO

4.

A project is a ______________ endeavor undertaken to create a unique product, service, or result.

a)

Scheduled

b)

Temporary

c)

Unique

d)

Managed

5.

Referring to the typical definition, which of the following is a project?

a)

Designing a new iPhone

b)

Maintaining a website

c)

The assembly of a car

d)

Applying to a university

6.

What type of WBS is presented on the picture?

a)

Process - oriented

b)

Object - oriented

c)

Mixed - oriented

d)

Function - oriented

7.

In the theory on Network modelling what is the critical path?

a)

The longest path from the beginning to the end of the project.

b)

The shortest path from the beginning to the end of the project.

c)

A part of the path with the most important activities.

d)

A part of the path with the activities without a reserve time.

8.

Referring to the Stakeholder Power/Interest Grid (Freeman, 1983) how should a project manager aim to treat a stakeholder with HIGH POWER and HIGH INTEREST?

a)

Keep satisfied

b)

Manage closely

c)

Monitor

d)

Keep informed

9.

A Work Breakdown Structure is used to visualize and break a project into:

a)

Time units

b)

A critical path

c)

Organizational hierarchy

d)

Work packages

10.

Which tasks will be critical if the Sales task takes 7 weeks instead of 6?

a)

Creative, Fundraising, and HR

b)

Creative, Sales, and Finance/HR

c)

Strategy, Marketing, and Finance

d)

Creative, Sales, and Finance

11.

On the x-axis we have the relative magnitude of the 'impact,' with higher numbers indicating a more severe outcome. On the y-axis we have the probability that a risk 'may' occur, ranging from just above 0% to just below 100%. Using Risk Score as a measure, prioritize risks A through E from LEAST risky to MOST risky.

a)

A, B, E, C, D

b)

B, C, A, D, E

c)

C, B, A, D, E

d)

D, C, E, B, A

12.

A Gantt Chart is a:

a)

Diagram of a schedule WITHOUT an associated timeline.

b)

Bar chart across an associated timeline that displays a project schedule.

13.

Float time is:

a)

The total time it takes to do a project.

b)

The fastest time a project can be completed.

c)

The total amount of time a schedule activity may be delayed.

d)

Always determined by the team.

14.

A milestone:

a)

Is an extensive time-consuming task.

b)

Is the total time required to complete a project.

c)

Designates significant events in the project.

15.

What is the PP for the project C?

a)

1

b)

2

c)

3

d)

4