BUSI682 midterm

BUSI682 midterm

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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.