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 ofAnswer10Preview Mode
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