Test Bank for Successful Project Management, 6th Edition by Jack Gido, James P. Clements

TEST BANK FOR SUCCESSFUL
PROJECT MANAGEMENT, 6TH
EDITION BY JACK GIDO, JAMES P.
CLEMENTS

,CHAPTER 2: IDENTIFYING AND SELECTING PROJECTS
1. Theinitiatingphaseoftheprojectlifecyclestartswithrecognizinganeed.
a. True
b. False
ANSWER: True
FEEDBACK: Correct
Theinitiatingphaseoftheprojectlifecyclestartswithrecognizinganeed,problem,oropp
ortunityforwhichaprojectorprojectsareidentifiedtoaddresstheneed.
Incorrect
Theinitiatingphaseoftheprojectlifecyclestartswithrecognizinganeed,problem,oropp
ortunityforwhichaprojectorprojectsareidentifiedtoaddresstheneed.

2. Every project that
isidentifiedisselectedtobecompleted. a. True
b. False
ANSWER: False
FEEDBACK: Correct
Sometimesorganizationshaveseveralneedsandlimitedfundsandcannotselecteveryproj
ecttobecompleted.
Incorrect
Sometimesorganizationshaveseveralneedsandlimitedfundsandcannotselecteveryproje
cttobecompleted.

3. Unexpectedeventsarereasonsforanorganizationtodecidetoinitiateaproject.
a. True
b. False
ANSWER: True
FEEDBACK: Correct
Projectsareidentifiedinvariouswaysduringanorganization'sstrategicplanning;inresponsetou
nexpectedevents,orasaresultofagroupofindividualsdecidingtoorganizeaprojecttoaddressapar
ticularneed.Projectsareinitiatedaftertheprojectisidentified.
Incorrect
Projectsareidentifiedinvariouswaysduringanorganization'sstrategicplanning;inresponsetou
nexpectedevents,orasaresultofagroupofindividualsdecidingtoorganizeaprojecttoaddressapar
ticularneed.Projectsareinitiatedaftertheprojectisidentified.

4. Quantitativebenefitsofaprojectaretheintangiblebenefitsofcompletingaprojectsuchasemployeemorale.
a. True
b. False
ANSWER: False
FEEDBACK: Correct
Quantitativebenefitsincludethefinancialbenefits.Intangiblebenefitssuchasemployeem
oralearequalitativeandmayhaveanindirecteffectthatisimmeasurable.
Incorrect
Quantitativebenefitsincludethefinancialbenefits.Intangiblebenefitssuchasemployeem

, oralearequalitativeandmayhaveanindirecteffectthatisimmeasurable.