Which method is not included in seven Project Selection Methods? A. Financial Analysis B. Strategic Alignment C. Weighted Scoring Model D. Straight line Model (Ans.)

Which method is not included in seven Project Selection Methods? 

A. Financial Analysis

B. Strategic Alignment

C. Weighted Scoring Model

D. Straight line Model (Ans.)
by

1 Answer

Answer :

D. Straight line Model (Ans.)
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Related questions

Determining the policies that are needed for the smooth execution of a project relates to which of the following agenda items of alignment sessions? Select one: a. Developing a common understanding of the project purpose b. Establishing trust among team members c. Engaging stakeholders in dialogue d. Developing role clarification on projects e. Agreeing on the means and methods for accomplishing the purpose

Description : Determining the policies that are needed for the smooth execution of a project  relates to which of the following agenda items of alignment sessions? Select one: a. Developing a common ... role clarification on projects e. Agreeing on the means and methods for accomplishing the purpose

Last Answer : d. Developing role clarification on projects

Each of the following statements is true regarding the risk management plan except for which one? A. The risk management plan is an output of the Risk Management Planning process. B. The risk management plan includes a description of the responses to risks and triggers. C. The risk management plan includes thresholds, scoring and interpretation methods, responsible parties, and budgets. D. The risk management plan is an input to all the remaining risk-planning processes.

Description : Each of the following statements is true regarding the risk management plan except  for which one?  A. The risk management plan is an output of the Risk Management Planning process. B. The risk ... and budgets. D. The risk management plan is an input to all the remaining risk-planning processes.

Last Answer : B. The risk management plan includes a description of the responses to risks and  triggers.

Which risk is connected to the circumstance outside the project that may influence the scope of work and the performance of the organization? A.Operational Risk B.Financial Risk C.Strategic Risk D.Contextual Risk

Description : Which risk is connected to the circumstance outside the project that may influence the  scope of work and the performance of the organization?  A.Operational Risk  B.Financial Risk  C.Strategic Risk  D.Contextual Risk

Last Answer : D.Contextual Risk

Evaluation process of proposed projects or groups of projects is known as: A. Project Analysis B. Project Compilation C. Project selection D. Project Documentation

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What are decision models? A. Project selection criteria B. Project selection methods C. Project selection committees D. Project resource and budget selection methods

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Last Answer : B. Project selection methods

Mathematical models using linear, dynamic, integer, or algorithm models are considered A. Project selection criteria B. A form of expert judgment C. Project selection methods D. A form of historical information

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According to the PMBOK guide which of the following sta. Reserve analysis always plans contingency reserves for unexpected project scope and project costs, which are part of your project budget. b. Reserves should not be included in the project budget. c. If you only have limited resources, you may completely ignore reserve analysis when you try to determine your project budget. d. Planning contingency reserves for a project is not practical. e. Contingency reserves have never been a concern when planning a project budget.atements is right in terms of using reserve analysis to determine a project budget ?

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Last Answer : . Reserve analysis always plans contingency reserves for unexpected project scope and  project costs, which are part of your project budget.

According to the PMBOK guide, which of the following statements is right in terms of using reserve analysis to determine a project budget? Select one: A. Reserve analysis always plans contingency reserves for unexpected project scope and project costs, which are part of your project budget. B. Reserves should not be included in the project budget. C. If you only have limited resources, you may completely ignore reserve analysis when you try to determine your project budget. D. Planning contingency reserves for a project is not practical. E. Contingency reserves have never been a concern when planning a project budget.

Description : According to the PMBOK guide, which of the following statements is  right in terms of using reserve analysis to determine a project budget? Select one: A. Reserve analysis always plans ... not practical. E. Contingency reserves have never been a concern when planning a project budget.

Last Answer : A. Reserve analysis always plans contingency reserves for unexpected project scope and  project costs, which are part of your project budget.

When developing a project's scope statement, which of the following should not be included? 1. Project justification. 2. Cost/benefit analysis 3. Project deliverables 4. Measurable objectives

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Last Answer : 1. Project justification.

You are a project manager for Move It Now trucking company. Your company specializes in moving household goods across the city or across the country. Your A. 54 B. 66 C. 60 D. 30project involves upgrading the nationwide computer network for the company. Your lead engineer has given you the following estimates for a critical path activity: 60 days most likely, 72 days pessimistic, 48 days optimistic. What is the weighted average or expected value?

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Last Answer : C. 60

Which of the following met Which of the following methods best considers intan hods best considers intangible costs related to a l gible costs related to a location decision? ocation decision? a)Weighted method b)Location break-even analysis c)Transportation method d)Assignment method e) None of the above

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For the best model suitable for the project, in which of the phase the developers decide a roadmap for project plan? a. Design b. System Analysis c. Codingd. Testing

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SWOT analysis is a strategic planning technique used to identify strengths, weaknesses, opportunities, and (A) timing (B) tenure (C) totality (D) threats

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Project crashing is the method for ------------- A. Shortening the project duration by reducing the time of one or more critical activities B.Adding resources at critical points C.Doing technical analysis of the finished work for review D.Adding duration to each activity

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Last Answer : A. Shortening the project duration by reducing the time of one or more critical  activities

What is the most accurate method of obtaining project information that can reduce the amount of risk? 1. Observations on the current project 2. Determining the risk by using brainstorming techniques 3. The use of historical data from previous projects that were similar in nature 4. Sensitivity analysis 5. Delphi technique.

Description : What is the most accurate method of obtaining project information that can reduce the amount  of risk? 1. Observations on the current project  2. Determining the risk by using brainstorming ... from previous projects that were similar in nature  4. Sensitivity analysis  5. Delphi technique.

Last Answer : 3. The use of historical data from previous projects that were similar in nature

Project management is the process of planning and controlling the development of a system within a specified time frame at a minimum cost with the right functionality. Ans: True

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Last Answer : Ans: True

What is a project phase? A. A collection of logically related project activities that culminate in the completion of one or more deliverables (Ans.) B. A singular activity that completes a deliverable C. Consists of work that has very similar parts D. A consistent period of time that is used throughout a project

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Last Answer : A. A collection of logically related project activities that culminate in the completion  of one or more deliverables (Ans.)

How many PM knowledge areas are defined by Project Management Institute (PMI) A. Six B. Four C. Eight D. Ten (Ans.)

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How does a project differ from an ongoing work effort? A. It is unique B. It involves more than one person C. It has a project manager D. It is not a repetitive process that follows an organization’s existing procedures (Ans.)

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Why is it important to understand your Stakeholders? A. They may work in a different department or company B. They may have different technical backgrounds C. They may not care about the project D. They can be a positive or negative influence on the project (Ans.)

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Last Answer : D. They can be a positive or negative influence on the project (Ans.)

What are the 5 major processes of project management? A. Closing, Executing, Planning, Monitoring and Controlling, Initiating (Ans.) B. Starting, Closing, Managing, Planning, Executing C. Initiating, Finishing, Monitoring and Controlling, Executing, Planning D. Starting, Finishing, Executing, Managing, Closing

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What are the key components in the "Triple constraint Triangle"? A. Scope, Schedule, Cost, Project Manager B. Scope, Time, Cost, Project (Ans.)C. Time, Money, Scope, Project D. Project Manager, Time, Scope, Money

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The successful project managers spend most of their time: A. Planning with their personnel B. Planning with the top management C. Communication with the project team (Ans.) D. Studying project results

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In which of the following stages are project objectives established, teams formed, and major responsibilities assigned? A. Conceptualizing B. Defining (Ans.) C. Planning D. Executing

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Which one of the following is a responsibility of the project steering group/board? a. To identify potential problems for the project team to solve. b. To provide strategic direction and guidance to the sponsor. c. To manage the project team in all daily activities. d. To receive and consider daily reports from team members.

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Last Answer : b. To provide strategic direction and guidance to the sponsor.

Which one of the following best describes users? a. Providers of both strategic and tactical direction to the project. b. Those intended to receive benefits or operate outputs. c. Facilitators of an appropriate issue resolution procedure. d. Those providing full-time commitment to the project.

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Last Answer : b. Those intended to receive benefits or operate outputs.

Who orchestrate the completion of the project by inducting the right people at the right time to address the right issue and make the right decisions? A.Project Coordinator B.Project Manager C.Operations Manager D.Strategic Business Unit Head

Description : Who orchestrate the completion of the project by inducting the right people at the  right time to address the right issue and make the right decisions?  A.Project Coordinator  B.Project Manager  C.Operations Manager  D.Strategic Business Unit Head

Last Answer : B.Project Manager

Which one of the following is a responsibility of the project steering group/board? a. To identify potential problems for the project team to solve. b. To provide strategic direction and guidance to the sponsor. c. To manage the project team in all daily activities. d. To receive and consider daily reports from team members.

Description : Which one of the following is a responsibility of the project steering group/board?  a. To identify potential problems for the project team to solve.  b. To provide strategic direction and ... project team in all daily activities. d. To receive and consider daily reports from team members.

Last Answer : b. To provide strategic direction and guidance to the sponsor.

Which one of the following best describes users? a. Providers of both strategic and tactical direction to the project. b. Those intended to receive benefits or operate outputs. c. Facilitators of an appropriate issue resolution procedure. d. Those providing full-time commitment to the project.

Description : Which one of the following best describes users?  a. Providers of both strategic and tactical direction to the project.  b. Those intended to receive benefits or operate outputs.  c. ... of an appropriate issue resolution procedure.  d. Those providing full-time commitment to the project.

Last Answer : b. Those intended to receive benefits or operate outputs.

A mean for monitoring and controlling organization's strategic projects is A. Project Monitoring process B. Project Portfolio Process C. Project Portfolio Plan D. Project Portfolio Phase

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Interest payments, principal payments, and cash dividends are the typical budgeting cash-flow analysis because they are A. included in; financing B. excluded from; financing C. included in; operating D. excluded from; operating

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____________ is primarily concerned with the identification of the project demand potential and the selection of the optimal technology. A. Techno-economic analysis. B. Feasibility analysis. C. Input analysis. D. Financial analysis.

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Last Answer : A. Techno-economic analysis.

A planning method, which provides details of the work to accomplish, but also provide some preliminary description of the work to be done in later phases is called : 1. Progressive detailing 2. Rolling wave 3. Strategic 4. Operational

Description : A planning method, which provides details of the work to accomplish, but also provide some  preliminary description of the work to be done in later phases is called : 1. Progressive detailing  2. Rolling wave  3. Strategic  4. Operational

Last Answer : 2. Rolling wave

Fill in the blank. During the _________ of a project, the project manager focuses on developing the project infrastructure needed to execute the project and developing clarity around the project charter and scope. Select one: a. completion b. start-up c. execution d. evaluation e. selection

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Last Answer : b. start-up

Fill in the blank. During the _________ of a project, the project manager focuses on developing the project infrastructure needed to execute the project and developing clarity around the project charter and scope. Select one: a. completion b. start-up c. execution d. evaluation e. selection

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Last Answer : b. start-up

Evaluating lo ting location alternatives by c ves by comparing the ing their composite (weighted-averag -average) scores involves involves a. factor rating analysis b. cost-volume analysis cost-volume analysis c. transportation transportation model analysis analysis d. linear regression regression analysis e. crossover crossover analysis

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Last Answer : a. factor rating analysis

What should be done by the project manager to ensure that all the work in the project is included? Select one: a. Create a contingency plan. b. Create a risk management plan. c. Create a WBS. d. Create a statement of work. e. Create a scope statement.

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Last Answer : c. Create a WBS.

The Scope Management Plan is included in which of the following documents. 1. Project Plan 2. The Work Breakdown Structure 3. The Scope Statement 4. Project Specifications

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Last Answer : 3. The Scope Statement

)In a program or project plan, there are always revisions to account for new or missing data. Which one of the following provides the best reason for performing a revision of the plan? 1. A supplier has changed the way their product is delivered to your supplier 2. Project tasks are crashed to meet their end dates 3. Human resources will remain constant through out the project 4. Historical data on a similar project suggests that risk events are not included in the current plan.

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Last Answer : 2. Project tasks are crashed to meet their end dates

A project charter does not include ____ of the project. (A) scope (B) objectives (C) team (D) all above are included

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Last Answer : (D) all above are included

Marginal cost is the weighted average cost of the new funds raised by the firm. A. True B. False

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A simple way of looking at the spiral life-cycle model is as a waterfall model with each phase proceeded by a) Build-and-fix b) Freezingc) Synchronization d) Testing e) Risk analysis

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Last Answer : e) Risk analysis

Following are the phases of Project Management Life Cycle. Arrange them in correct order 1. Design, 2. Marketing, 3. Analysis and evaluation, 4. Inspection, testing and delivery (A) 3-2-1-4 (B) 1-2-3-4 (C) 2-3-1-4 (D) 4-3-2-1

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Last Answer : (A) 3-2-1-4

Which one of the following statements best describes the use of an issue log? a. A summary of all possible alternative resolutions of an issue. b. A summary of all the project issues, their analysis and status. c. A tool to ensure that a process is in place for capturing all issues. d. A tool to ensure that the issue management process is adhered to.

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Last Answer : b. A summary of all the project issues, their analysis and status.

Which of the following activity is undertaken immediately after feasibility study and before the requirement analysis and specification phase? A. Project Planning B. Project Monitoring C. Project Control D. Project Scheduling

Description : Which of the following activity is undertaken immediately after feasibility study and before  the requirement analysis and specification phase? A. Project Planning B. Project Monitoring C. Project Control D. Project Scheduling

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A(n) _ is a review of the quality plan, procedures, data collection, and analysis by an outside group. Select one: a. scope document b. project appraisal c. cost performance index d. analogous estimate e. quality audit

Description : A(n) _ is a review of the quality plan, procedures, data collection, and analysis by  an outside group. Select one: a. scope document b. project appraisal c. cost performance index d. analogous estimate e. quality audit

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Petri is working for Nokia in Finland. He has completed 10 months of his 12-month project, budgeted at $800,000. His earned value analysis shows that variance at completion is $75,000. What is the estimate at completion value for this project? Select one: a. 725,000 b. -725,000 c. -$875,000 d. $875,000 e. $800,000

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Last Answer : d. $875,000

Complete the following statement. As the project progresses into the execution phase: Select one: a. risks need to be checked off on activities that have been performed. b. the total risk on the project typically increases. c. risks are identified with each major group of activities. d. a risk response plan can be used to identify increasing levels of detailed risk analysis. e. the risk breakdown structure needs to be examined to be sure all the risk events have been avoided.

Description : Complete the following statement. As the project progresses into the  execution phase: Select one: a. risks need to be checked off on activities that have been performed. b. the total risk on ... risk breakdown structure needs to be examined to be sure all the risk events have  been avoided.

Last Answer : a. risks need to be checked off on activities that have been performed.