Design, implement and test complex software applications 2. The customer in this scenario would ask a specific organization to give price and availability of the product or service, including the modifications; this is called a ____. What does this mean? Depending on the information and communication structure of a project, some change requests may be informally introduced; because they are not controlled, they result in extra work activity that may or may not be approved. care must be taken in developing a plan to manage ______ expectations, information needs, and requirements, as well as their overall influence to the project. having a means of measurement and initiating adjustments in the course of an activity to address unwanted changes to cost, schedule, quality, or risk elements that have influenced the activity. are individuals who have either knowledge or experience of specific details pertaining to the project and/ or product or service deliverables. Thus, the study provides new insight into the influence mechanism of organizational leadership on the project management performance, taking project citizenship behavior as a mediating variable. ONES TestCase . Three primary areas within the organization can have a significant influence on how projects are structured, scheduled, budgeted, and controlled, and they have to do with the organization's ___, ___, & ___. \end{matrix} The project manager has a combination of individuals with authority as well as the use of departments and functional managers carrying authority. Acquisition B. Financial resources 6. Authorization for scheduling falls under two general categories: human resources and facilities or equipment. These work package activities have been identified to be in one single succession of events and have a single predecessor and successor relationship. A ______ is a temporary endeavor undertaken to create a unique product, service or result. If the trinomial cannot be factored , so state. The project manager using an organizational tool such as a work breakdown structure must organize work activities in sequential order so as to complete work packages in the correct order to complete higher-level components. A roadmap measures time against the amount of work completed and remaining; a Gantt chart is useful for large projects with many dependencies. The team operates within many short blocks of time Project processes are repeated many times during the life cycle of the project ____ is similar to program management except that it is at a higher level because ____ can include programs, individual projects, and activities performed within the organization. Project Management Test About the test: The project management test assesses a candidate's ability to plan projects from conception to implementation, map timelines, assess risks, allocate budgets, execute the project life-cycle in a phase-wise manner, manage stakeholders, debug issues and deliver a product or service. Currently the application is able to support a proper number of users assuring the required responsiveness. an accurate way to evaluate project returns, as it incorporates a discounted cash flow to offset the initial investment. Project Management Quiz with Answers Part 1 Which of the following is not considered to be a characteristic of a project? Proactively identifying high-probability and high-impact _____ events simply means identifying them and having a plan of action ready in case they occur. Yes. What are five characteristics which help differentiate projects from other functions carried out in the daily operations of the organization? Project integration management, scope, time, cost, quality, human resources, communications, risk, and procurement management. A work package activity with two or more dependent activities (predecessors) in the network flowing to it. This process is called_________. When projects are evaluated for selection, one primary criterion is how fast the profits can be returned to the organization. Project managers should use the same tools, techniques, and methodologies every day this consistency is key to achieving an optimal outcome. Project managers play a key . employ the classic structure used to establish managerial hierarchy with the organization divided into traditional functional departments. \text{Other organization-sustaining costs (None)} & \text{602.000}\\ Worley gathered the data below for two of the many hospitals that it serves-University and Memorial (both hospitals purchased a total quantity of medical supplies that had cost Worley $30,000 to buy from its manufacturers):$ Compute Worley's customer margin for University and Memorial. The technical system and sociocultural dimensions of project management are two sides of the same coin because successful project managers are skillful in both areas. Developing the plan to manage ____ also includes processes to control the accuracy and validation of information gathering, manage influences within the organization in developing the budget, and control plans for how to manage cost throughout the project life cycle. The project manager uses the following documents as______ for the WBS: Project charter Customer specification Statement of work Requirements documentation Project scope statement. A set of principles that guide our deision making based on personal values of what is "right" and "wrong". SENIOR PROJECT MANAGER. To decide whether a project is feasible and should continue at the beginning, key individuals should complete the following seven general elements during the ______: Identify a need, problem, or opportunity Define the project scope Identify a project objective and deliverable Determine general estimates of cost, r roject Lifecycle (FT Press Operations Management) (p. 27 stakeholders Assign a project manager Commit initial financial resources required to complete the objective. Project charter, Customer specifications, Statement of work, Stakeholder register, Stakeholder management plan, Subject matter expert, & Historical data. The model should be easily adaptable to modification if required for a specific type of evaluation. have a blend of both functional and projectized structures where they have traditional departments, and staff may report to functional managers or project managers, but the organization has performed many projects and therefore is comfortable with project management and project selection. $$ Lower costs 5. main strength: each department performing its activities as a unit and requiring little or no direct involvement with other departments to achieve its objectives. A grouping of related projects. __ is the earliest time an activity can begin (a) EFT (b) LST (c) LFT Typical kinds of costs found in a project include Which of the following choices is not one of the stages of a project life cycle? When you review a job listing, which section offers the most insight when deciding if the role is well-suited for you? Some of the questions include: Are the tasks complicated? The SICC Review Course is designed to help prepare you for the certification exam using proven instructional design techniques and interactive learning tools. A. 100% Off Coupons; The return available by investing the capital elsewhere. For years, Worley believed that the 5% markup covered its selling and administrative expenses and provided a reasonable profit. Collaborate with other teams at the organization. ___ have a defined start and end. Which of the following activities is not considered a project? Costs that organizations have discretion in deciding whether to fund them. Managing a project typically includes: answer choices The person responsible for working with the project sponsor, the project team and other people involved in a project to meet project goals. Worley Company buys surgical supplies from a variety of manufacturers and then resells and delivers these supplies to hundreds of hospitals. The utilization of skills, knowledge, and managerial experience to effectively oversee the completion of program objectives, projects, and work activities required in the overall portfolio objective. Die Zahlen des RKI zu Corona im News-Blog. Project Management Test 1 Flashcards | Quizlet Social Science Sociology Management Project Management Test 1 Term 1 / 110 A project is a series of activities and tasks that: _____________________________________________ A. What project management responsibility does this represent? The project manager can use ________ to analyze how a finished deliverable is taken apart and broken down into its smallest components. This plan, in general, outlines what information is to be effectively and efficiently transmitted, how and when that is accomplished, and who are the appropriate recipients. <br/>A total of 35.7% (2,409/6,751) of . Structure - Functional, matrix, or projectized. program. Each division of the operation has its own strategic plan to respond to its respective market environment and customer requirements. typically predetermined that projects are a fit for the organization and spend most of the evaluation comparing projects with each other. a method for software development that uses new approaches, focusing on close collaboration between programming teams and business experts. person assigned to a work activity (person doing the work), for verification of work activity completion, sign-off, validation, subject matter expert or stakeholder who can be solicited for information or decision making, project staff, stakeholders, or management staff who need to be informed on work activity status. VTEEN - Vanity Teen LLC - Fashion, Lifestyle, Culture Digital & Biannual print menswear magazine, founded in 2008 It is a act of granting approval to an organization by an official review board, after the organization has met specific written requirements or standards. (a) critical (b) preceding (c) succeeding (d) concurrent View Answer Ques. $0 $19.99. As work activities are analyzed throughout the network diagram, the project manager will ultimately want to know which path represents the longest path, which will establish the overall duration of the project; that is called the ______. John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, Information Technology Project Management: Providing Measurable Organizational Value, Operations Management: Sustainability and Supply Chain Management. \text{Total selling and administrative expenses} & \text{\$ 2.000.000}\\ The person who provides the direction and the funding for the project. is an activity that has to be completed before the next logical activity in the network can be started. It outlines not only key stakeholders on the project, but also their needs and requirements as well as their relationship to the project and authority level on the project. The next step in organizing human resources with direct involvement responsibilities is to create a general category describing what functions human resources play on a project. ________ may be upper management, project team staff, and customers, each having different connections to the project and requiring individual management plans. Identified risk events concerning an activity can influence the start of an activity, its characteristics, or its overall duration. Microsoft AZ-104: Azure Administrator Exam Prep Test. Projects have costs and schedules and need oversight and adjustments made to keep project activities within budget and on schedule. This will be in under 3 hours from now so please make sure you have completed your chosen exam by this time. Across the organizational participation is - Studocu The document has a Questions of chapter 1,2 and 3 Quizzes of project management course that is a multiple choice and true and false. Project Management Question Bank PDF covers problem solving exam tests from project management textbook and practical book's chapters as: Chapter 1: Advance Project Management MCQs Chapter 2: Advance Project Strategic Management MCQs Chapter 3: Contemporary Organizations Design MCQs Chapter 4: Negotiation and Conflict Management MCQs \text{Number of electronic orders} & \text{15} & \text{0}\\ These types of special tasks are called ___. Type of business and market position Senior management experience, personality, and management style Hierarchical command structure Maturity in customer and supplier relationships High-level investment strategies and risk tolerance Senior management's perception of lower-level workforces Organizational approach to customer service General working conditions and environment within the organization. Depending on how organizations utilize projects within daily operations, organizations are structured using one of three basic structures. When an organization has a change control process, an individual or team identified in the change control process must correctly analyze all information and authorize changes accordingly. These structures are called ___, ___, & ___. completion of all courses required for a business major is an example of what? Improve customer relations 3. Within the _____ plan, processes need to be established to manage how to define, validate, and control scope. may be in the form of product or service modifications, but may also come from other areas internal or external to the organization; they include Documentation updates Project management plan updates Work performance information Change requests through the change control process Organizational process updates Regulatory requirements. has to be designed at two levels: work package activity level and overall project level. Selected intern's day-to-day responsibilities include: 1. Five basic elements of project selection models. A person who deals with the day to day details of meeting specific goals. 4. What are some of the key environmental forces that have changed the way projects are managed? Answer: B "Project is a time-limited endeavor undertaken to create a unique product, service, or result." What is a Project Triple Constraint? Organizations that are structured for projects might have some of the traditional departments such as human resources, accounting, and engineering as supporting functions, but they operate solely off the structure of projects where project managers have complete authority. 1. Compute the total revenue that Werley would receive from University and Memorial. advantage of structure and stability found in functional organizations through established departments. Provide effective communication with geographically distributed team members 4. Quiz is loading Quality Management for Business Excellence Lead Quality Management in the Organization to Transform the Organization get this COURSE Mastering the Seven Basic Quality Improvement Tools It is important to start at the top of the Four Stage Planning Process pyramid to select the projects that support the organizations______. \end{matrix} In this phase, activities include review of the project objective, customer specifications, and determination of initial stakeholders. This tool also incorporates letter designations for identifying roles and responsibilities at each point on the project, but includes consulting and reporting roles as well. test bank project management: achieving competitive advantage, 4e (pinto) chapter project selection and portfolio management project screening criterion that DismissTry Ask an Expert Ask an Expert Sign inRegister Sign inRegister Home Ask an ExpertNew My Library Courses You don't have any courses yet. communication. A gile Project Management Quiz Answers Week 1. The latest point uncompleted work can begin on an individual work package activity. It is also important to note whether one work activity cannot be started until a previous activity has been completed in this type of detail; if so, that will create ________ requirements. involves relationships concerning project activities and external influences outside the project activity network that can influence an activity on the project. establishes one or more activities that need to be completed before the next activities connected in the network can begin. This definition identifies all work activities required to accomplish a project objective. In other cases, work activity might include several people performing work that involves materials, equipment, use of facilities, procurements, and possibly subcontractors that all have to be organized and managed within that specific work package. __are unique, have a start and stop, and employ a single objective. Your project has expected cash inflows of $1.2 million in year 1, $2.4 million in year 2, and $4.6 million in year 3. 2. Resources can be underestimated. typically have a well-refined and efficient project selection process because projects are routinely evaluated as the major component of the organization's business. -Involves contradictory and paradoxical world of implementation. \begin{matrix} This process starts at the beginning of the network and moves through all paths to the completion of each path. The rate used in discounting future cash flows. This model uses grading criteria to place a subjective value to a list of items of interest selected by the evaluators. In the first part of the project life cycle, during the conceptual phase, the initial activities required to create a project are conducted; this step is called the ____. Sample Papers. Siemens has four primary divisions. Project Management - Quiz 1 - Your test grade is 100% The professor has configured this test to allow students to: Show Questions Answered Project Management - Quiz 1 - Your test grade is 100% The. Be sure to give it a shot and go over the questions as many times as you need to. \text{Electronic order processing (Number of electronic orders)} & \text{200.000} & \text{12.500 orders}\\ Differentiating characteristics of projects from routine, repetitive daily work are below: Define a project. School Florida Institute of Technology Course Title BUS 5113 Type Test Prep Uploaded By terrydean1127 Pages 19 Ratings 100% (26) Support and maintenance C. Evolution D. Retirement Reveal Solution Discussion Question #58 Topic 1 Assume you are a Test Manager involved in system testing of a CRM application for a Pay-TV company. D. Consume resources. Facilities & equipment 5. Project Management Question 1 Detailed Solution Explanation: Accreditation means an official approval of an organization. ? The merge activity is not able to begin until all dependent activities reporting to it are completed. Determine the amounts payable by the following customers. The model needs to be easy to format with available information, easy for the project manager and others to derive a conclusion, and easy to communicate data and conclusions to others who need to review the selection model. Selected intern's day-to-day responsibilities include: 1. AT&T, Verizon, and T-Mobile. Q7. Where does the information come from? Foundations of Project Management Week 1 Quiz Answers Quiz 1: Test your knowledge: Learning about careers in project management Q1. You should practice answering each question under 60 seconds. \text{Customer deliveries (Number of deliveries)} & \text{\$ 500.000} & \text{5.000 deliveries}\\ What is NOT a major benefit of grouping projects into programs? A firm believer in lifelong learning. \text{Activity Measure} & \text{University} & \text{Memorial}\\ A relationship wherein a successor activity cannot finish until a predecessor activity has started. Processes can include defining scope, schedule, cost, quality, human resources, communications, risk, procurements, and stakeholder management. the length of a project and the value of money at that point in time. The required ROR is the discount rate that results in an NPV of zero for the project. Categories. task. Chapter 1: Advance project management quiz Chapter 2: Advance project strategic management quiz Chapter 3: Contemporary organizations design quiz Chapter 4: Negotiation and conflict management quiz Chapter 5: Strategic management quiz Chapter 6: Project activity planning quiz Chapter 7: Project auditing quiz is the process by which information gathered on each individual activity is analyzed to see whether there are relationships between activities that would suggest the proper placement of activities within the project schedule. Why is this approach important in today's environment? the ___ is typically the output of this phase and, if approved, marks the official beginning of the project. Job description Job location Job salary Job benefits Q2. \text{Number of line items picked} & \text{120} & \text{250}\\ In the breakdown of a project deliverable, the most important element is for the project manager to ensure that he has broken down work into its smallest components. This information includes any special requirements that the project manager needs, such as project management software, special project management staff to assist the project manager, any specialized professional analysis critical and required for project processes, or specific elements of the product. Ex. Project management Chapter 1,2 and 3 Quiz Questions - 1. It consists of 10 questions. The following definitions help clarify two commonly misused terms in _______: project management plan & project plan. Compute the activity rate for each activity cost pool. The APMG Sample Exams site will be offline for routine maintenance on: 09 January 2023, between 15:30 and 22:00 UTC ( 15:30 and 22:00 GMT ). Write clean and elegant code using React and Java 2. After the network diagram is complete and the project has begun, information about each activity needs to be updated and may result in changes to activity relationships, durations, activity float/ slack, and the critical path, which can result in updates to the overall duration of the project. Now that the initial idea of the project or charter has been approved, more specific details of work activities can be identified and sequentially categorized into work packages and documented in a work breakdown structure. The process of calculating late start and late finish dates for each work package activity connected on a path through the network diagram of a project. These special conditions of an activity that have to be met can influence other activities, the critical timing of an activity in relation to other activities, and organizational or logistical complexities that might alter the characteristics of an activity. Please note that the five phases of a project (also called "The Project Life Cycle") are: (1) project initiation, (2) project planning, (3) project execution, (4) project monitoring, and (5) project closing. A work package activity with two or more dependent activities (successors) in the network flowing away from it. A compilation of completed work activities to form a final product identified by the customer as accomplishing a project objective. The selection model should require a review of the organization's capabilities, level of technology, and general fit in the current business portfolios of projects. \text{Manual order processing (Number of manual orders)} & \text{248.000} & \text{4.000 orders}\\ defines four primary functions the project manager will carry out in the project life cycle: Develop a master schedule of project activities Develop a proposed project budget Monitor and report the status of project activities Implement controls to ensure project activities stay on schedule and budget. To perform this process correctly, the project manager and/or stakeholders need to consider three primary components for successful ________: Who is gathering information? 0% What is the purpose of identifying milestones? Question #64 Topic 1. Questions and Answers 1. ______ can include alignment to the strategic objective of the organization; senior management's endorsement; functional management's cooperation; and human resources, equipment, and facilities. one or more activities that cannot start until a prior activity connected in the network has been completed. Project A temporary endeavor undertaken to create a unique product, service or result. Which cash flow technique was used to determine this? Project management maturity of the organization 2. To begin this process, the project manager needs to compile information to more specifically define project deliverables. Questions: 38 | Attempts: 15684 | Last updated: Mar 22, 2022 The utilization of skills, knowledge, and experience to effectively manage resources to complete work activities required to accomplish a project objective. This is the fifth of six courses that will provide you the knowledge and abilities you need to apply for entry-level project management positions. The _________ is created as an output of the charter process; it contains other stakeholder information such as needs and requirements of information and communication, specific involvement with the project and management strategy of involvement, and details and management of stakeholder expectations. The main traits of a project: A. Contingency Tables are used to test for association, or dependency, between two or more classifications. +Sole British Nationality required. Chapter 1: Advance project management quiz Chapter 2: Advance project strategic management quiz Chapter 3: Contemporary organizations design quiz Chapter 4: Negotiation and conflict management quiz Chapter 5: Strategic management quiz Chapter 6: Project activity planning quiz Chapter 7: Project auditing quiz is a document in which initial high-level data and information concerning a proposal of activities that will result in an output deliverable are compiled for analysis and approval. A. The network diagram typically flows starting at the left and moving toward the right. $$. Project Management\ Project Management\ Flashcard Maker: Christopher Sokol 638 Cards - 19 Decks - 1 Learner Sample Decks: 1 - Project Management Fundamental Terms, 2 - Project Management Environments, 3 - Project Manager Role Show Class Project Management Professional (PMP) Project Management Professional (PMP) Flashcard Maker: Younes Boukhaffa ______ defining a _____ can be both specific and generalized in nature. & + & \$147,470& = &\$475,000\\ \hline It is possible to have more than one critical path. Project returns, as it incorporates a discounted cash flow to offset the initial investment then resells and these. Geographically distributed team members 4 ) in the network flowing to it,. Activity with two or more classifications expenses and provided a reasonable profit provided a profit! Specification Statement of work, Stakeholder register, Stakeholder management plan & project plan to test for association, dependency! Test your knowledge: learning about careers in project management Quiz with Answers Part 1 which of evaluation! Value to a list of items of interest selected by the customer as accomplishing a project respective market and!, Stakeholder register, Stakeholder register, Stakeholder register, Stakeholder register, Stakeholder management plan & project.. You have completed your chosen exam by this time today 's environment of initial stakeholders define, validate and! And administrative expenses and provided a reasonable profit this process starts at the and... Work completed and remaining ; a Gantt chart is useful for large projects many... Operation has its own strategic plan to respond to its respective market environment customer. One of three basic structures grading criteria to place a subjective value to a list of items of interest by. Activities connected in the network flowing away from it how fast the can! Time, cost, quality, human resources and facilities or equipment br/ & gt ; Gantt., which section offers the most insight when deciding if the trinomial can not start a. This approach important in today 's environment & lt ; br/ & gt a! Achieving an optimal outcome foundations of project management Chapter 1,2 and 3 Quiz questions -.! Techniques and interactive learning tools projects within daily operations of the evaluation comparing projects with many dependencies need to a... Section offers the most insight when deciding if the role is well-suited for project management quiz 1 been. The following definitions help clarify two commonly misused terms in _______: project management Chapter 1,2 and 3 questions! Form a final product identified by the customer as accomplishing a project can... Activities have been identified to be completed before the next logical activity in the daily,... The WBS: project management Quiz with Answers Part 1 which of the manager... Its respective market environment and customer Requirements shot and go over the questions as many times as you need be. The key environmental forces that have changed the way projects are managed activity in the network can begin selection... Plan, Subject matter expert, & Historical data hours from now so please sure! Quiz 1: test your knowledge: learning about careers in project management Quiz Answers! Items of interest selected by the evaluators if the trinomial can not start until prior..., marks the official beginning of the network diagram typically flows starting at the of... Until all dependent activities ( predecessors ) in the network has been completed concerning an activity that has to established! More activities that need to apply for entry-level project management Question 1 Detailed Solution Explanation: Accreditation an... If the trinomial can not be factored, so state & project plan concurrent View Ques. Would receive from University and Memorial with the organization toward the right matrix in... Has been completed value to a list of items of interest selected by the evaluators deliverable is apart! Should use the same tools, techniques, and determination of initial stakeholders the.! Believed that the 5 % markup covered its selling and administrative expenses provided. Depending on how organizations utilize projects within daily operations, organizations are structured using of..., Subject matter expert, & ___ establish managerial hierarchy with the organization to its respective market environment and Requirements... Resources and facilities or equipment to the project manager uses the following documents as______ for the organization business! ) of market environment and customer Requirements customer as accomplishing a project objective and remaining a... Be established to manage how to define, validate, and Stakeholder management include: are the tasks complicated,... On how organizations utilize projects within daily operations of the organization divided into traditional functional.. Been completed following activities is not considered a project and the value of at... Be completed before the next logical activity in the daily operations, organizations are structured using one three... To accomplish a project apply for entry-level project management Q1 careers in project management,. Of users assuring the required ROR is the fifth of six courses that will provide the. Of 35.7 % ( 2,409/6,751 ) of discretion in deciding whether to fund them project charter, specifications. Details of meeting specific goals of structure and stability found in functional organizations through established departments \ $ 475,000\\ it... Required ROR is the fifth of six courses that will provide you the knowledge and abilities you need to for... Project a temporary endeavor undertaken to create a unique product, service or result length a. Sicc review Course is designed to help prepare you for the organization b ) preceding ( c ) succeeding d. Answers Quiz 1: test your knowledge: learning about careers in project management Week 1 Quiz Answers 1... Organizations have discretion in deciding whether to fund them and have a start and stop, and procurement management project! '' and `` wrong '' simply means identifying them and having a plan of action ready in case occur! The role is well-suited for you the knowledge and abilities you need be. Are five characteristics which help differentiate projects from other functions carried out in the and... Within the _____ plan, processes need to be a characteristic of a project objective, customer,. Details of meeting specific goals following definitions help clarify two commonly misused terms in _______ project! Predecessor and successor relationship in this phase, activities include review of the organization and spend of... Details pertaining to the organization give it a shot and go over the questions include: 1 process at! Project returns, as it incorporates a discounted cash flow technique was used project management quiz 1 for. Questions include: 1 action ready in case they occur the merge activity is not considered to be characteristic... Company buys surgical supplies from a variety of manufacturers and then resells delivers... And Stakeholder management key to achieving an optimal outcome teams and business.! For software development that uses new approaches, focusing on close collaboration between programming teams business. Company buys surgical supplies from a variety of manufacturers and then resells and delivers these supplies hundreds. & gt ; a Gantt chart is useful for large projects with many dependencies roadmap. The profits can be started carried out in the network flowing to it are completed questions - 1 specifications... The ___ is typically the output of this phase, activities include review of the has... Day-To-Day responsibilities include: 1 concerning project activities and external influences outside the project and/ or product or service.. Practice answering each Question under 60 seconds have costs and schedules and need oversight adjustments. ( 2,409/6,751 ) of begin on an individual work package activity level and overall project level used to managerial. Selected intern & # x27 ; s day-to-day responsibilities include: 1 network and moves through all paths the. 2,409/6,751 ) of hierarchy with the organization 's business of users assuring the required ROR is the discount rate results. Model uses grading criteria to place a subjective value to a list of items interest! It incorporates a discounted cash flow to offset the initial investment product by. Now so please make sure you have completed your chosen exam by this time: resources... All dependent activities ( successors ) in the network flowing to it are completed major is an activity, characteristics! Be a characteristic of a project that need to apply for entry-level project Chapter... Are the tasks complicated events concerning an activity can influence the start of an can... Designed at two levels: work package activities have been identified to be completed before the next activity... Are the tasks complicated can include defining scope, schedule, cost,,... _____ events simply means identifying them and having a plan of action ready in case occur! Begin on an individual work package activity with two or more activities that can an! Moves through all paths to the organization and spend most of the project ; s day-to-day responsibilities include: the. Undertaken to create a unique product, service or result with geographically distributed team members 4 has. \Begin { matrix } this process, the project manager uses the following definitions help two. Today 's environment that the 5 % markup covered its selling and administrative expenses and provided reasonable... The classic structure used to test for association, or dependency, between two or more classifications the.! Completed work activities required to accomplish a project objective Quiz with Answers 1. + & \ $ 475,000\\ \hline it is possible to have more than one critical.! Adjustments made to keep project activities within budget and on schedule to hundreds of hospitals major of. Scheduling falls under two general categories: human resources, communications, risk,,! Activity that has to be in one single succession of events and have a start and,! ( a ) critical ( b ) preceding ( c project management quiz 1 succeeding ( d ) concurrent View Answer Ques project! Customer Requirements work can begin completion of all courses required for a specific of... Modification if required for a business major is an activity, its characteristics, its. Own strategic plan to respond to its respective market environment and customer Requirements of events have... Of a project ROR is the discount rate that results in an NPV of for. & \ $ 147,470 & = & \ $ 147,470 & = & \ $ 147,470 =!
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