4 As a project manager you should always be closely managing (circle all that ap

Question

4 As a project manager you should always be closely managing (circle all that apply):

a) Project schedule (projected start-up date)

b) Whether the project design will work as outlined in the SOW

c) Projected cost of the project

d) Mental models

e) None of the above

5) The “change management process” is a process whereby design changes are authorized and also communicated to the rest of the organization:

True                   False

6) A make-or-buy decision for a project is the decision to either do the work internally or contract it out to a third party ?

True                        False

7) To help decide whether you should outsource something to contractor (make or buy decision) you need to recognize there is an element of strategy (what your firm is choosing to focus on) and whether you would prefer to have that capability inside the company :

True                  False

Explanation / Answer

4) a,b and C

A project manager should closely mange Project schedule,Whether the project design will work as outlined in the SOW and Projected cost of the project.

5) False

Change Management process is intended to manage the changes in rsources flow, finances, organizational structures , budget allocation of the company.

6) True

We have to rationally trade off between the two decisions whether to make the material internally or to contract it out to the third party.

7) True

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