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Question
A discussion of the potential for project failure and monetary loss should be included in the audit report.Answer
This answer is hidden. It contains 4 characters.
Related questions
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Projects success is not determined by the portfolio of projects in an organization..
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The construction of a house would likely follow a J-shaped lifecycle.
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Having responsibility for the outcome of a project without the authority of rank or position is common in project management.
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The main distinction between platform and derivative projects is that the latter depend on existing technology.
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Lack of planning is a major contributor to project's failure.
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Predecessors must be listed in the WBS because they are critical for scheduling.
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It is acceptable to restrict the launch meeting to brainstorming a problem.
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As a rule of thumb, the lowest level tasks in a typical project should not take longer than two days to complete.
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The project plan should begin with a complete description of all agreements made with the client or any third party.
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Budget cuts are usually disastrous to an exponential life-cycle project.
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Overhead and indirect charges should not be assigned to a project.
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Interface mapping can be used during interface coordination and integration management to
a) develop coordination
b) manage interdependencies
c) identify trouble
d) all of the above
e) none of the above
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Which of the following is used to show linkages between people and tasks?
a) the work breakdown structure
b) the RACI
c) the Project Action Plan
d) the Project Resource Diagram
e) the Concurrent Engineering Chart
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The design structure matrix can be used to identify potential rework situations due to the flow of information in a project.
Q:
Learning curve theory states that performance of labor per unit will improve by a fixed percentage each time production doubles.
Q:
The budgeting approach based on the collective judgments of top and middle managers is called:
a) top-down budgeting
b) bottom-up budgeting
c) activity budgeting
d) program budgeting
e) life cycle budgeting
Q:
Why is it necessary to consider the learning curve of resources on a project?
a) to estimate labor costs properly
b) to improve project team morale
c) because it always takes less time to do a task after someone has done it a few times
d) collective bargaining contracts require it
e) All of the above
Q:
The best approach to handling change in projects is to accept the negative change and take a loss on the project.
Q:
The project manager is responsible to:
a) the parent organization
b) the project team
c) the project's client
d) the project manager's immediate supervisor
e) all of the above
Q:
In order for a PM to be "believable" the PM must have technical and administrative credibility.
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The job of managing work across multiple groups is called integration management.
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The task of bringing the work of all groups together to make a harmonious whole is called systems engineering.
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Intrateam conflicts are minimal in a matrix organization.
Q:
Cross divisional project communication is enhanced when a project is organized in a functional project organization.
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It is critical to a project's success to have top management support.
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The project manager is supposed to facilitate the work of the project team and must, therefore, stay aloof from the conflicts arising among project team members.
Q:
Searching for the third alternative is most closely associated with
a) win-win negotiation
b) project planning
c) project budgeting
d) the three goals of a project
e) the weighted scoring model
Q:
"Blue Sky" projects are
a) R & D projects
b) Platform projects
c) Breakthrough projects
d) Derivative projects
e) High risk projects
Q:
Nonnumeric project selection methods are only suitable if numeric methods are not available.
Q:
Achieving both strategic and routine goals are growing in importance in project management.