Chapter 1 - Terms (20 Points) 1. Project Attribute 2. Project Management 6. Project Constraints 3. General Management 7. Net Present Value (NPV) 4. Three Goals of Project Management 8. Portfolio Management 5. "The Sacred Cow" 9. PMI 10. Project Life Cycles Chapter 1 - Review Questions (18 Points) 1. Use the characteristics of a project to differentiate it from a non-project. 2. Contrast win - lose negotiation with win - win negotiation and explain why the latter is so important in project management. 3. Identify the three goals of a project and describe how the project manager achieves them. What does it mean for a project to be "overdetermined?" 4. Draw a distinction between a project and a program. Why is the distinction important? Chapter 1 - Discussion Questions (12 Points) 1. Contrast the three types of nonnumeric project selection methods. Could any specific case combine two of them, such as the sacred cow and the operating necessity, or the comparative benefits and the competitive necessity? 2. You are the project manager of a team of software specialists working on a project to produce a piece of application software in the field of project management. Give some examples of things that might go wrong on such a project and the sorts of trade - offs you might have to make. 3. Give several examples of projects found in your city, region, or country - avoiding those used as examples in the chapter. 4. How might you use project management for doing a major school work assignment? Chapter 1 - Problems (10 Points) Use a weighted scoring model to choose between three locations (A, B, C) for setting up a factory. The relative weights for each criterion are shown in the following table. A score of 1 represents unfavorable, 2 satisfactory, and 3 favorable