FPM Week 2 - Project Initiation

Which of the following is a step in the project strategy selection process?

Which of the following project selection techniques evaluates projects based on Strengths, Weaknesses, Opportunities, and Threats?

What is the purpose of the four-stage planning process in project selection?

In a SWOT analysis, which factors are external to the organization?

In the weighted scoring method, what must the total weight of all criteria add up to?

Which of the following is not a financial method used to justify projects?

In the payback analysis, when does payback occur?

Which of the following is a common element in a business case?

What is the purpose of a Benefits Management Plan?

What type of analysis calculates the expected net monetary gain or loss by discounting future cash flows to the present time?

Which of the following is used to make decisions under uncertainty by calculating the expected value of various outcomes?

Which of the following is an example of a strategic objective for project selection?

What is the typical format of a project charter?

Which of the following is not a component of a project charter?

What does the product vision describe in adaptive project initiation?

Which of the following statements about payback analysis is true?

What is the main purpose of the project kickoff meeting?

In weighted scoring, what is done after criteria are assigned weights?

Which financial method evaluates how quickly a project can recover its initial investment?

What does the 'assumptions' section of a project charter contain?

What is the role of the project manager in developing the project charter?

What is the goal of conducting a SWOT analysis in project selection?

Which of the following is an example of an opportunity in a SWOT analysis?

Which of the following is used to quantify and evaluate the financial benefits of a project over time?

What is the main purpose of creating a business case for a project?

What is a key consideration when using a weighted scoring approach?

What is the primary purpose of the Benefits Management Plan?

What is the expected monetary value (EMV) of a project based on?

Which of the following is not part of a project brief in adaptive project management?

In a decision tree analysis, what is the expected monetary value of an outcome?

Which document is typically used to formally authorize the start of a project?

In which project selection method do senior executives develop the strategic plan?

Which document outlines the project’s goals, scope, deliverables, and stakeholders' approval?

What does ROI stand for in project financial analysis?

Which of the following criteria would not be included in a weighted scoring matrix?

What is a potential benefit of live streaming a conference as part of a project?

What is the purpose of the product roadmap in adaptive project management?

Which financial metric looks at the time it will take to recover the investment made in a project?

Which of the following is typically included in the 'assumptions' section of a project charter?

What is a key difference between a predictive project and an adaptive project?

What is a project vision typically used for in an adaptive project?

Which financial method involves discounting future cash flows to their present value?

What type of project typically uses an agile or adaptive approach?

Which of the following is an example of a 'constraint' in a project charter?

In the context of project selection, which of the following is an internal factor that can affect project success?

What type of project typically involves a high degree of uncertainty and requires flexibility?

Which of the following tools is commonly used in predictive project management to manage tasks and track project progress?

What is the primary benefit of using a decision tree in project analysis?

In a project selection process, what is the purpose of resource allocation?

What is the main advantage of using a project brief in an adaptive project?