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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 & 2 PART 1 Question 1 The advent of project management has been most profound in Answer Automobile manufacturing Construction Information technology The U.S. Department of Defense Film making Question 2 Which of the following is the number one characteristic that is looked for in management candidates? Answer Overall intelligence Works well with others Experience Past successes Good reference Question 3 In which of the following stages are project objectives established, teams formed, and major responsibilities assigned? Answer Conceptualizing Defining Planning Executing Delivering Question 4 Project management is ideally suited for a business environment requiring all of the following except Answer Accountability Flexibility Innovation Speed Repeatability Question 5 A common rule of thumb in the world of high - tech product development is that a six - month project delay can result in a loss of product revenue share of ___ percent. The waste on failed projects and cost overruns is estimated in the neighborhood of Answer 10

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    20 33 45 50 Question 6 Which of these is not part of the "technical dimension" of project management? Answer WBS Budgets Problem solving Schedules Status reports Question 7 From among the following activities, which is the best example of a project? Answer Processing insurance claims Producing automobiles Writing a term paper Completing a college degree All of these are good examples of projects Question 8 Which of the following activities is not considered a project? Answer Developing a new software program Designing a space station Preparing the site for the Olympic Games Production of automobile tires Developing a new advertising program Question 9 Project selection criteria are typically classified as: Answer Financial and non - financial Short - term and long - term Strategic and tactical Required and optional Cost and schedule Question 10 Which of the following is not one of the characteristics of effective objectives? Answer Realistic Assignable Flexible Specific

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    Measurable Question 11 Susie's department is implementing many projects. She finds herself starting and stopping work on one task to go and work on another task, and then return to the work on the original task. Susie is experiencing Answer Poor scheduling Excess work burden Flexible tasking Multitasking Burnout Question 12 Which of the following would not be classified as an organizational opportunity? Answer Increasing product demand Excellent employees Emerging markets Demographics Question 13 A project screening matrix typically contains all of the following except: Answer The list of available projects Specific criteria Weights assigned to specific criteria Costs to complete each project Question 14 In the Snapshot from Practice, Intel's CEO has concentrated Intel's strategy toward? Answer Creating chips to support the digital device market Eliminating AMD as a competitor Strengthening Intel's position in the PC market Expanding Intel's international market Expand efforts in the mainframe computer market Question 15 A major project proposal form will likely include all of the following except: Answer Project Classification Schedule objective Major deliverables of the project How success will be measured Question 16 Projects are usually classified into all but one of the following categories. Which one is not one of the typical classifications?

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