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Introduction, Selection, Initiating Terms in this set (30)25% Approximately what percentage of the world's gross domestic product is spent on projects? $8,000 Healthcare spending accounted for 17.9% of US GDP in 2010, an average of over _____ per person. project A _____ is a temporary endeavor undertaken to create a unique product, service, or result. D Which of the following is not an attribute of a project? A) projects are unique; B) projects are developed using progressive elaboration; C) projects have a primary customer or sponsor; D) projects involve no uncertainty C Which of the following is not part of the triple constraint of project management? A) scope; B) time; C) quality; D) cost project management _____ _____ is the application of knowledge, skills, tools, and techniques to project activities to meet project requirements. strategic, tactical Project portfolio management addresses _____ goals of an organization, while project management addresses _____ goals. D What is the most significant characteristic or attribute of an effective project manager? A) is a strong communicator; B) is decisive; C) is visionary; D) leads by example Project Management Professional (PMP) What is the certification program called that the Project Management Institute provides? C Which of the following is not a potential advantage of using good project management? A) Shorter development times; B) Higher worker morale; C) Lower cost of capital; D) Higher profit margins organization The three spheres of systems management are business, technology, and _____. tactics Which of the following is not part of a SWOT analysis: strengths, weaknesses, opportunities, tactics resource allocation The last step in the four-stage planning process for projects is _____ _____. business strategy It is very important to start at the top of the four-stage planning process pyramid to select projects that support the organization's _____ _____. C Which of the following statements is false concerning the financial analysis of projects? A) The higher the net present value the better; B) A shorter payback period is better than a longer one; C) The required rate of return is the discount rate that results in an NPV of zero for the project; D) ROI is the result of subtracting the project costs from the benefits and then dividing by the costs balanced scorecard A _____ ______ is a methodology that converts an organization's value drivers -- such as customer service, innovation, operational efficiency, and financial performance -- into a series of defined metrics. increasing revenues Which of the following is not a major benefit of grouping projects into programs: increasing revenues; increasing authority; saving money; saving time directive The Hospital Readmission Reduction Program is an example of a(n) ______ from the Patient Protection and Affordable Care Act. enterprise success The goal of project portfolio management is to help maximize business value to ensure _____ _____. C Most organizations find duplicate or unneeded projects after they perform which step in project portfolio management? A) prioritizing the projects in their list; B) dividing the projects into several categories based on type of investment; C) putting all projects in one list; D) applying modern portfolio theory, including risk-return tools that map project risk executing In which of the five project management process groups is the most time and money usually spent? planning In which of the five project management process groups are activities performed that relate to each knowledge area? executing The best or "alpha" project managers spend more time on every process group than other project managers except for which one? business case What document provides justification for investing in a project? project charter What document formally recognizes the existence of a project and provides direction on the project's objectives and management? sign-off What is a crucial part of the project charter -- a section in which key project stakeholders acknowledge their agreement on the need for the project? stakeholder analysis Which project document should not be made available to all key project stakeholders due to its sensitive nature? agenda All project meetings with major stakeholders should include a(n): project stakeholder management Preparing stakeholder register and performing a stakeholder analysis are part of which knowledge area? project charter, stakeholder register, kick-off meeting What are the three main outputs of initiating? Sets with similar termsProject Management Quiz #1 (Ch. 1&2)52 terms amanda_romeo Project management midterm74 terms yoyohan Final Exam Questions121 terms Palantis Midterm55 terms camleng Sets found in the same folderHIM2200 CH1 key terms18 terms ewintour HIM2200 Ch 2 Key Terms22 terms ewintour HIM2200 Ch3 Key Terms21 terms ewintour HIM2200 - Project Management (MS Project)51 terms ewintour Other sets by this creator2012 PRG CH 1513 terms ewintour 2012 PRG CH 1413 terms ewintour 2012 PRG CH 1121 terms ewintour 2012 PRG CH 1210 terms ewintour Recommended textbook solutionsInformation Technology Project Management: Providing Measurable Organizational Value5th EditionJack T. Marchewka 346 solutions Operations Management: Sustainability and Supply Chain Management12th EditionBarry Render, Chuck Munson, Jay Heizer 1,698 solutions
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Operations Management: Sustainability and Supply Chain Management12th EditionBarry Render, Chuck Munson, Jay Heizer 1,698 solutions Other Quizlet setsPSY 2304 - Final Exam Review139 terms aluscombe27PLUS PHIL*2100 Quiz139 terms Katie_Clarke78 colonial resentence28 terms Braden_Groesbeck anatomy final pt3144 terms heyhannah22 Related questionsQUESTION How does risk and utilitarianism relate? 2 answers
QUESTION According to the text, this celebrity is suffering from overexposure, which can be a problem in terms of selecting a spokesperson. 2 answers QUESTION What are the 3 components of Triple Bottom Line 15 answers QUESTION Which of Mintzberg's managerial roles may require a manager to be a negotiator or change maker? 15 answers In which of the five project management process group is the most time and money usually spent?Executing. The executing group is where most of the action happens on a project. It is also where most of the budget is spent and where the actual project deliverables are produced.
Which project management process group takes the most project time resources?The Executing process group utilizes the most project time and resources, and as a result, costs are usually highest during the Executing process.
On which process group do the most successful project managers spend more time when compared to average project managers?The most time should be spent on executing, followed by planning. 3. Why do organizations need to tailor project management concepts, such as those found in the PMBOK® Guide, to create their own methodologies?
Which project management process is the most important?Project execution and monitoring phase. This is the main and most important stage of your entire project management life cycle.
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In which of the five project management process groups is the most time and money usually spent quizlet?
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