1. Select the item that is false. Projects require:

a. an organized set of work efforts

b. a universal combination of stakeholders

c. a defined beginning and ending

d. progressively elaborated detail

2. Select the best answer

a. A project is a temporary endeavor undertaken to create a new product, service, or result

b. A project is a long term endeavor undertaken to create a unique product, service, or result.

c. An activity is a temporary endeavor undertaken to create a new product, service, or result.

d. A project is a temporary endeavor undertaken to create a new product, operation, or result.

e. A project is a long-term endeavor undertaken to create a new product, service, or result.

f. A project is a temporary endeavor undertaken to create a unique product, service, or result.

g. A project is a short-term endeavor undertaken to create a unique, service, product, or result.

3. True or False: In a CPFF contract, the cost risk is absorbed mostly by the buyer.

4. True or False: A project type with an adaptive or change-driven lifecycle is known as Agile.

5. What is the earned value term for "How much more do we expect to spend to finish the project"?

6. What does a CPI of 1.3 indicate?

7. True or False: Part of a strategic analysis is to perform an internal analysis consisting of asking what opportunities and threats the organization possesses.