IT-6212 - Project Management oed answer key

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Awesome StudentQuestion • Project Management

A project with a 3-year life and a cost of 95,000 generates revenues of 32,000 in year 1, 44,000 in year 2, and 52,000 in year 3 If the discount rate is 14%, what is the NPV of the project?

Answer

2,026

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Awesome StudentQuestion • Project Management

A project with a 3-year life and a cost of 95,000 generates revenues of 32,000 in year 1, 44,000 in year 2, and 52,000 in year 3 If the discount rate is 17%, what is the NPV of the project?

Answer

-3,040

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Awesome StudentQuestion • Project Management

A problem-solving approach that requires defining the scope of the system, dividing it into components, and then identifying and evaluating its problems, opportunities, constraints, and needs

Answer

Systems analysis

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Awesome StudentQuestion • Project Management

A project with a 3-year life and a cost of P28,000 generates revenues of P8,000 in year 1, P12,000 in year 2, and P17,000 in year 3 If the discount rate is 3%, what is the NPV of the project?

Answer

6,635

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Awesome StudentQuestion • Project Management

Estimating how long it will take to complete the work , developing, an acceptable project schedule given cost-effective use of available resources, and ensuring timely completion of the project

Answer

Project time management

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Awesome StudentQuestion • Project Management

To create a successful project, a project manager must consider scope, time, and cost and balance these often-competing goals This is sometimes referred to in project management as the ________

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Awesome StudentQuestion • Project Management

This section is considered the most important section of a business plan It briefly tells your reader where your company is, where you want to take it, and why your business idea will be successful

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Awesome StudentQuestion • Project Management

Your project is coming to an end, and you are in the process of listing the activities that must be performed to close out the project Which of the following should be performed during project closure?

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Awesome StudentQuestion • Project Management

The methods available to assist project managers and their teams; some popular tools in the time-management knowledge area include Gantt charts, network diagrams, critical-path analysis and project management software

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Awesome StudentQuestion • Project Management

Framework that Leaders believe in people and communicate that belief; they are visible and accessible; they empower, increase participation, support, share information, and move decision making down into the organization

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Awesome StudentQuestion • Project Management

You have carried out a Request for Proposal exercise and received 12 submissions which are now reviewing Which of the following is a tool/technique that you could use to select the most appropriate seller to award the contract to?

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Awesome StudentQuestion • Project Management

Your sales and marketing team have been conducting their market research and have identified a potential large customer organisation is planning an implementation of Software as a Service (SaaS) across their organisation What is the key information document that you would need to be able to make a submission against this need?

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Awesome StudentQuestion • Project Management

You are evaluating several different motivational strategies to motivate your project team You subscribe to the belief that pay and salary may prevent job dissatisfaction, but will not lead to long term job satisfaction You believe that over the long run pay and salary are NOT motivators Which of the following motivational theories are you applying?

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Awesome StudentQuestion • Project Management

Your sales and marketing team have been conducting their market research and have identified a potential large customer organisation is planning an implementation of software as a service (SaaS) across their organisation Two days later you receive a request to attend a meeting at which other suppliers will be present What is the name of this meeting?

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Awesome StudentQuestion • Project Management

When carrying out data collection and collation, you notice that you have received this data: – Fault 1 – 85 occurrences; Fault 2 – 125 occurrences; Fault 3 – 28 occurrences; Fault 4 – 395 occurrences; Fault 5 – 185 occurrences; Fault 6 – 128 occurrences; Fault 7 – 85 occurrences; Fault 8 – 169 occurrences; Fault 9 – 148 occurrences; Fault 10 – 209 occurrencesWhat is the best way to show this data for root cause analysis?

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Awesome StudentQuestion • Project Management

Your sales and marketing team have been conducting their market research and have identified a potential large customer organisation, ABMO Healthcare, is planning an implementation of software as a service (SaaS) across their organisationWhen planning your next steps you found out that one of your competitors had already organised a meeting with ABMO Healthcare, had presented their proposals, along with a financial inducement to sweeten the process What is your next action?

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Awesome StudentQuestion • Project Management

You are the PM for a high profile, construction project for a new hotel complex in Dubai A budget of $475m was agreed at the outset and staged payments set for $75m at the start, $150 at month 3, $225m in month 4 and $25m in month 7 of an 8 month durationIt is now month 7 and an important stakeholder has just submitted a change request which, when you do an initial evaluation, you realise will mean a required scope increase and resultant budget increase of $92m, further resulting in a delayed completion of 3 months All sellers are in full swing with their production plans and are happy that the project is coming to an end There have been many challenges during the past 4 months and all of the teams have rallied together in overcoming themWhat is the next action you should take?

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Awesome StudentQuestion • Project Management

You are managing a project for the development of Al Fresco, a NAC (network admissions control) appliance that uses network infrastructure to enforce security policy compliance on all connected and potentially connectable devices seeking to access network computing resources, thereby limiting damage from emerging security threats Al Fresco provides self-contained endpoint assessment, device identification, internal matching against security records, policy management, and remediation services Your company had performed a similar project a couple years agoThis is critical project for your company, and you are under tremendous pressure to deliver the project Unfortunately, you are new in the company, and the project seems to be growing in size by the day You are starting to feel overwhelmed by the project What is your BEST course of action?

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