midterm PM

If a project cost is only $100 up front and its annual benefits are $20/year, what is its payback period?

5 years

the actions that involve formalizing acceptance of the project or phase and bringing it to an orderly end

Closing processes

A project management methodology with eight process groups developed in the U.K.

Projects In contolled Environments(PRINCE2)

which of the following will not be addressed by project portfolio management

are projects on time and on budget

a document that provides justification for investing in a project

business case

what document provides justification of investing in a project

business case

a product or service produced or provided as part of a project

deliverable

A ____ rate is the rate used in discounting future cash flows.

discount

The goal of project portfolio management is to help maximize business value to ensure _______________.

enterprise success

the best or "alpha" project managers spend more time on every process group than other project managers except for which one?

executing

The actions that involve coordinating people and other resources to carry out the project plans and produce the deliverable of the project

executing processes

Portfolio managers must have strong ______ skills and understand how projects and programs can contribute to meeting strategic goals.

financial and analytic

Which of the following is not a major benefit of grouping projects into programs?

increasing revenue

the actions to begin projects and project phases

initiating processes

Project _____ management, the ninth knowledge area, is an overarching function that affects and is affected by all of the other knowledge areas.

integration

Key elements of the project management framework include the project stakeholders, process groups, project management ____, project management tools and techniques, project success, and contribution of a portfolio of projects to the success of the entire enterprise.

knowledge area

which of the following is not a potential advantage of using good project management

lower cost of capital

leadership and _____ are terms that often used interchangeable although they are deference

management

which of the following is not a triple constraint of project management

meeting communication goals

Many studies aabout project success rates define succes based on

meeting scope, time cost goals

You can create a __________ with branches radiating out from a core idea to help perform a SWOT analysis.

mind map

projects should first and foremost address business

needs

A positive NPV means the return from a project exceeds the ____ cost of capital—the return available by investing the capital elsewhere.

oppertunity

The ___________ cost of capital is the return available by investing the capital elsewhere.

oppertunity

Three primary methods for determining the projected financial value of projects include net present value analysis, return on investment, and ____ analysis.

payback

___ period is the amount of time it will take to recoup—in the form of net cash inflows—the total dollars invested in a project.

payback

In which of the five project management process groups are activities performed that relate to each knowledge area?

planning

By grouping projects into ____, organizations can better tie their projects to meeting strategic goals.

portfolio

Two important concepts that help projects meet enterprise goals are the use of programs and project ____ management.

portfolio

____should be formed and continuously updated to make organization as whole make strategic decisions

portfolios

Several individual housing projects done in the same area by the same firm might best be managed as part of a _______________.

program

after deciding which project to pursue, decide if it is advantageous to manage several projects as a

program

Preparing a stakeholder register and management strategy are part of which knowledge area?

project communications management

Coordinating the other knowledge areas, anticipating and dealing with issues, and making decisions each day about what is in the best interest of the entire project.

project integration management

Which of the following is not an attribute of a project?

projects involve no uncertainty

In portfolio management the "____" step should occur first.

put all projects in a list

the last step of the four stage planing process is ____

resource allocation

____ is the result of subtracting the project costs from the benefits and then dividing by the costs.

return on investment

If it is crucial to meet time and cost goals, the ____ must be flexible.

scope

Project ____ management involves working with all appropriate stakeholders to define, gain written agreement for, and manage all the work required to complete the project successfully.

scope

what is a crucial part of the project charter---a section in which key project stakeholders acknowledge their agreement on the need for the project?

sign-off

The project ____ usually provides the direction and funding for the project.

sponsor

which projectg document should not be made avilable to all key project stakeholders due to its sensitive nature?

stakeholder management strategy

Portfolio managers help their organizations make wise investment decisions by helping to select and analyze projects from a(n)____ perspective.

strategic

What does the S stand for in a SWOT analysis?

strengths

Individual projects often address ____ goals, whereas project portfolio management addresses strategic goals.

tactical

Which of the following is not part of a SWOT analysis?

tactics

A file with a preset format that serves as a starting point for creating various documents so that the format and structure do not have to be re-created.

template

According to the ____ value of money, a dollar today is worth more than a dollar tomorrow.

time

some popular _____tools -management knowledge area include Gantt charts, network diagrams, critical-path analysis

time

even the company might work on similar projects over and over, there are unique challenges because projects involve_____

uncertainty

It is very important to start at the top of the four-stage planning process pyramid to select projects that support the organization's _______________.

vision

A___________scoring model is a tool that provides a systematic process for selecting projects based on many criteria.

weighted