BUSI 682 Midterm Examination Answers
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• Question 1
4 out of 4 points
Formal project planning begins after project signoff.
• Question 2
4 out of 4 points
A cultural audit is a way to determine how culture may be an advantage or a challenge.
• Question 3
4 out of 4 points
Project scope is the what of the project and the product scope is the how of the project.
• Question 4
4 out of 4 points
Projects that aim to increase operational efficiency, capacity, and improved process quality provide tactical value.
• Question 5
4 out of 4 points
Albeit anecdotal, most projects fail due to communication problems and lack of understanding.
• Question 6
4 out of 4 points
Project leaders can talk about their projects and what they need to do next, but project managers need to be able to communicate how their projects deliver value.
• Question 7
4 out of 4 points
In a low context culture, one must be prepared for rational, professional arguments, and presentations that push for agreements.
• Question 8
4 out of 4 points
66% of projects fail because the team leaders and team members do not manage the interaction with global participants skillfully.
• Question 9
4 out of 4 points
Formal project portfolio management tends to reside in companies that have a decentralized project management office (PMO) and an institutionalized project management organization.
• Question 10
4 out of 4 points
Communication is defined as the process by which persons share information meanings and feelings through the exchange of verbal and nonverbal messages....