Answer all questions in this section

$(20$ marks$)$

Risk must be considered in the $$ phase and weighed against the potential benefit of the project's success in order to decide if the project should be chosen.

a$.$ completion

b$.$ execution

c$.$ planning

d$.$ Initiation

Adoboli is looking at a document that outlines the specific tasks and subtasks required to complete the writing of a technical support manual. The method that was probably used to develop the document is most likely

a$.$ Responsibility matrix

b$.$ Organization breakdown structure

c$.$ Work breakdown structure

d$.$ Priority matrix

$"$To design and develop a student forum mobile app within five months at costs not to exceed $15,000$ is best classified as

a$.$ A deliverable

b$.$ A milestone

c$.$ An objective

d$.$ A limit

When classifying and ranking projects, which of the following refers to the extent to which the project is viewed as helping the organization achieve its strategic objectives and long$-$term goals?

a$.$ Resource availability

b$.$ Business placement

c$.$ Strategic alignment

d$.$ Potential benefits

A good starting point for developing time and cost estimates is

a$.$ Past experience

b$.$ Work packages

c$.$ Task analysis

d$.$ Time and motion studies

Specialization is a feature of which organizational structure?

a$.$ Matrix

b$.$ Divisional

c$.$ Multi Divisional

d$.$ Functional

Which of the following represents a project, specifically?

a$.$ Manufacturing automobiles at the Kia plant

b$.$ Assembling several complex drones in a production plant using robotics

c$.$ Utilizing robotics to lift heavy packages at a UPS distribution plant during the busy holiday season

d$.$ Inventing a new prototype for a drone

What is the main advantage of using the NPV method as a basis for project selection?

a$.$ It takes into account the time value of money.

$2$