MGMT 404 HW 2,with verified questions and answers

Which one of the following is not an enterprise environmental factor? (a) Political climate (b) Commercial databases (c) Mandatory project audit guidelines (d) Industry standards C What are organizational process assets? (a) They are the process or process-related assets that can be used to help the project succeed (b) They are the financial assets of the company (c) They represent the policies for managing the company's capital assets (d) They are how the performing organization manages it's operations A The project resource availability is at maximum in organizations with the following structure(s): (a) Multi-divisional (b) Organic (c) PMO (d) Hybrid C Which document is issued to authorize a project? (a) Project Overview Statement (b) Project Charter (c) Project Business Case (d) Project Benefit Management Plan B An important function of the Project Sponsor: (a) Leads the project through the selection process until the project is authorized (b) Leads the project once the project is authorized (c) Puts together the detailed project plan (d) Defines the knowledge areas that will be part of the project plan A Under which organizational structure are resources fully available for project work? (a) Weak Matrix (b) Projectized (c) Strong Matrix (d) Functional B The technical project management skill refers to the ability to (a) Work with the engineers on the technical development of the project (b) Apply project management knowledge to deliver the planned project objectives (c) Aligning the project objectives and deliverables with the organization's strategy (d) Be an effective communicator B Who authorizes the project? (a) Project manager (b) CEO (c) CFO (d) Project sponsor D We estimate that we will spend $500,000.00 on the project. The benefits the first year are estimated at $790,000.00. What is the ROI? (a) 158% (b) 58% (c) $790,000.00 (d) $290,000.00 B We are working on a project X with estimated profit of $65,142.00. We are offered project Y to work on instead. Project Y has an estimated profit of $80,262.00. What is the opportunity cost of project Y? (a) $15,120.00 (b) $80,262.00 (c) $65,142.00 (d) No enough information to answer this question C