Solution Feasibility Assessment Quiz

Play an AI-generated podcast conversation about this lesson

Which factor is considered in operational feasibility?

Fulfilling users' requirements (correct)
Cultural feasibility
Legal and contractual obligations
Probability of successful implementation

What aspect does economic feasibility assess?

Probability of successful implementation
Legal and contractual obligations
Acceptance by end users
Cost-effectiveness of the solution (correct)

What does decision analysis evaluate in candidate solutions?

Schedule feasibility (correct)
Operational feasibility
Time constraints
Legal feasibility

What does the project lifecycle help a Project Manager do?

Manage risks proactively (C) Signup and view all the answers

Which aspect is considered in risk feasibility?

Probability of successful implementation (D) Signup and view all the answers

What is suggested to prioritize stakeholders in order of importance?

Mapping their power and interest on a quadrant (C) Signup and view all the answers

Which tool is recommended for identifying win/win strategies for engaging key stakeholders?

Stakeholder Planning (B) Signup and view all the answers

In stakeholder engagement, what should be included in the Engagement Plan?

Strategies for engaging stakeholders (A) Signup and view all the answers

What is the significance of SCRUM in project management?

Following specific project management practices (B) Signup and view all the answers

What do the DOD and WOW acronyms stand for?

Definition of Done, Ways of Working (A) Signup and view all the answers

What is a common misconception about Project Management according to the text?

Using Project Management increases the time it takes to get the real work done (D) Signup and view all the answers

What is a significant finding mentioned in the text regarding project outcomes when proven project management practices are used?

Projects are 2.5 times more successful (B) Signup and view all the answers

Why do some projects end up costing more than their original estimates according to the text?

Due to unexpected issues and challenges (C) Signup and view all the answers

What was the impact of the issues faced by Airbus A380 and Berlin Brandenburg Airport projects?

$7 Billion additional cost and 8 years delivery delay (B) Signup and view all the answers

Which statement best summarizes the impact of implementing Project Management in an organization according to the text?

Projects become more successful (B) Signup and view all the answers

What is a consequence highlighted in the text when projects aren't managed well?

Increase in wasted money (C) Signup and view all the answers

What are the main constraints that project managers need to balance according to the text?

Scope, Quality, Resources (A) Signup and view all the answers

What does the text mention as one of the benefits of using Formal Project Management?

Improved customer relations (C) Signup and view all the answers

What view do project managers need to take according to the text?

Broad perspective using systems thinking (C) Signup and view all the answers

Which aspect is NOT mentioned as a demand that project managers need to balance?

Technology (D) Signup and view all the answers

What was Project Management called in the past according to the text?

Triple constraints (B) Signup and view all the answers

What is emphasized as important for project success in the text?

Balancing demands effectively (A) Signup and view all the answers

Why is it important to identify project stakeholders?

To plan to either use or guard against their influence. (D) Signup and view all the answers

What is the consequence of not identifying stakeholders with negative attitudes?

It can lead to problems or failure in the project. (C) Signup and view all the answers

How are stakeholders crucial to a project's success?

By actively promoting the project if managed well. (A) Signup and view all the answers

What is the first step in managing stakeholders according to the text?

Defining your stakeholders. (A) Signup and view all the answers

How should stakeholders be analyzed in stakeholder management according to the text?

By their impact and influence. (B) Signup and view all the answers

What is the final step in managing stakeholders as mentioned in the text?

Engaging with stakeholders. (C) Signup and view all the answers