1. Project uncertainties during the project implementation ______.

   1. are always leading to failure.

   2. could be linked to opportunities to maximize the value of a project.

   3. are bad luck.

   4. could be always avoided.

2. Project risks and uncertainties occurring during a project implementation are ______.

   1. fundamentally different and require different standards.

   2. different but their differences do not matter.

   3. similar concepts but require different treatments.

   4. similar concepts and could be treated similarly.

3. It was empirically demonstrated that the project managers value mindset is related to ______.

   1. meeting technical requirements.

   2. reducing project risks.

   3. reducing project plan changes.

   4. exploiting opportunities and to project value.

4. The definition of the project value proposition of a project is represented by the __________.

   1. Project plan

   2. Project vision

   3. Project plan and mission

   4. Project mission

5. If the project strategy is focused on maximize the profit margin, the project value is maximized by:

   1. Building customized solutions.

   2. Developing new technologies to achieve technology leadership.

   3. Minimizing the total cost of ownership (TCOO).

   4. Satisfying existing customers to keep market share.

6. Achieving shareholder value is crucial for the success of any project. For an innovation project like Apples first generation iPad, which of the value areas is MOST important?

   1. Minimize service costs

   2. Create Process Value

   3. Achieve customer satisfaction

   4. Create Outcome Value