1 point (Checkbox question: the correct answer is formed by selecting 1 to 4 of the options) - Why does the Project Management Institute think IT projects are so much more difficult than other types of project? Actually, they're not more difficult. IT people just make lousy project managers It's actually quite difficult to turn a complicated business problem into an algorithm that is programmable. Most business people try to avoid making technology-related decisions Coding and testing take up most of the time, are hard to plan in detail, and are subject to excessive scope creep and rework. 1 point For a project to be funded and proceed, it needs, at a minimum, a NPV=0 (breakeven) and must earn back the cost of its capital and more than investing that capital would bring (IRR). True False 1 point After a project is complete, the project team should conduct a post- project Your answer 1 point Project management is a specialty: ordinary managers and workers never manage a project. True False Your project has a mix (roughly 50:50) 1 point of employees and contract staff. Best long term results for the company would occur if: The contractors get all the difficult jobs to keep employees off the critical path. All contractors worked on one sub-team, all employees on a separate one. These are never mixed; use all contractors, or all employees Contractors and employees were paired to promote learning from each other