What is best described risk? A. Uncertain or chance events that planning can not overcome or control. B. Activity that we cannot implement C. A proactive attempt to recognize and manage internal events and external threats that affect the likelihood…
What is listed as the Financial Plan in the Business Plan? A. Describes market conditions and strategy related to how products and services will be distributed, priced and promoted B. Projections of key financial data that determine economic feasibility and…
What is listed as the Assessment of Risks in the Business Plan? A. Describes market conditions and strategy related to how products and services will be distributed, priced and promoted B. Industry analysis is the review of industry trends and…
What is listed as the Marketing Plan in the Business Plan? A. Describes market conditions and strategy related to how products and services will be distributed, priced and promoted B. Environmental analysis is an assessment of external uncontrollable variables that…
What is not listed as the Environmental and Industry Analysis? A. Environmental analysis is an assessment of external uncontrollable variables that may impact the business plan (i.e., GNP, culture change, technology, legal concerns, etc.) B. Details how products will be…
What is the purpose of Organizational Breakdown Structure (OBS)? A. Provide a framework to summarize organization unit work performance B. Tie the organizational unit to cost control accounts C. Provide a framework to summarize organization unit work performance, identify organization…
What is the integral part of the Work Breakdown Structure? A. To define the organizational units responsible for performing the work B. It defines what is or is not to be done C. To define the organizational units responsible for…
How does WBS help project managers? A. To use as a tool for project appraisal B. All products and work elements are identified, to integrate the project with the current organization, and to establish a basis for control C. To…
What is not explained as the importance of work breakdown structure (WBS)? A. WBS is a map of the project B. Organizational units and individuals are assigned responsibility for accomplishment of work packages C. WP is short duration task that…
Which statement is the example of project deliverables? A. The project has a lot of impact as part of social responsibility B. The work plan submitted, the road rehabilitated, and the schools were built C. The customers are satisfied with…
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