Project Management Assignment 1 Solutions Quiz

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Questions and Answers

What is a subset of a project consisting of work packages?

  • Project
  • Process
  • Program
  • Task (correct)

What is the overwhelming majority of all projects in terms of size?

  • Very Large
  • Medium
  • Small (correct)
  • Large

What sub-elements of a task need to be accomplished to achieve the objectives of the task?

  • Levels of effort
  • Work packages (correct)
  • Programs
  • Subprojects

What is the process of evaluating individual projects or groups of projects to achieve the objectives of the parent organization?

<p>Project selection (C)</p> Signup and view all the answers

What pattern is observed during the project life cycle as a result of changing levels of resources used during successive stages of the project life cycle?

<p>Stretched-S (C)</p> Signup and view all the answers

What happens to a company's project net present value (NPV) when the predicted inflation rate decreases (deflation)?

<p>It increases (B)</p> Signup and view all the answers

According to Agile Principles, what is the most efficient and effective method of conveying information within a development team?

<p>Face-to-face conversation (A)</p> Signup and view all the answers

Which of the following benefits have organizations NOT obtained through the adoption of Agile methods?

<p>Less collaboration among stakeholders and team members (B)</p> Signup and view all the answers

Which of the following models fails to consider cash flows obtained once the initial investment has been recovered?

<p>Payback period (C)</p> Signup and view all the answers

What impact does a lower predicted inflation rate have on a company's project NPV?

<p>Increases the NPV (B)</p> Signup and view all the answers

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