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Bus517 Midterm Exam Part 1 & 2

Midterm assessment on project management and business strategies.

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Bus517 Midterm Exam Part 1& 2PART 1Question 1The advent of project management has been most profound inAnswerAutomobile manufacturingConstructionInformation technologyThe U.S. Department of DefenseFilm makingQuestion 2Which of thefollowing is the number one characteristic that is looked for in managementcandidates?AnswerOverall intelligenceWorks well with othersExperiencePast successesGood referenceQuestion 3In which of the following stages are project objectives established, teams formed, and majorresponsibilities assigned?AnswerConceptualizingDefiningPlanningExecutingDeliveringQuestion 4Project management is ideally suited for a business environment requiring all of the followingexceptAnswerAccountabilityFlexibilityInnovationSpeedRepeatabilityQuestion 5A common rule of thumb in the world of high-tech product development is that a six-monthproject delay can result in a loss of product revenue share of ___ percent. The waste onfailedprojects and cost overruns is estimated in the neighborhood ofAnswer10

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20334550Question 6Which of these is not part of the "technical dimension" of project management?AnswerWBSBudgetsProblem solvingSchedulesStatus reportsQuestion 7From among the following activities, which is the best example of a project?AnswerProcessing insurance claimsProducing automobilesWriting a term paperCompleting a college degreeAll of these are good examples of projectsQuestion 8Which of thefollowing activities is not considered a project?AnswerDeveloping a new software programDesigning a space stationPreparing the site for the Olympic GamesProduction of automobile tiresDeveloping a new advertising programQuestion 9Project selection criteria are typically classified as:AnswerFinancial and non-financialShort-term and long-termStrategic and tacticalRequired and optionalCost and scheduleQuestion 10Which of the following is not one of the characteristics of effective objectives?AnswerRealisticAssignableFlexibleSpecific

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MeasurableQuestion 11Susie's department is implementing many projects. She finds herself starting and stopping workon one task to go and work on another task, and then return to the work on the original task.Susie is experiencingAnswerPoor schedulingExcess work burdenFlexible taskingMultitaskingBurnoutQuestion 12Which of the following would not be classified as an organizational opportunity?AnswerIncreasing product demandExcellentemployeesEmerging marketsDemographicsQuestion 13A project screening matrix typically contains all of the following except:AnswerThe list of available projectsSpecific criteriaWeights assigned to specific criteriaCosts to complete each projectQuestion 14In the Snapshot from Practice, Intel's CEO has concentrated Intel's strategy toward?AnswerCreating chips to support the digital device marketEliminating AMD as a competitorStrengthening Intel's position in the PC marketExpandingIntel's international marketExpand efforts in the mainframe computer marketQuestion 15A major project proposal form will likely include all of the following except:AnswerProject ClassificationSchedule objectiveMajor deliverables of the projectHow success will be measuredQuestion 16Projects are usually classified into all but one of the following categories. Which one is not oneof the typical classifications?
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Document Details

University
Strayer University
Course
BUS 517
Subject
Business Management

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