Fill in the Blanks for a Project Charter aka PC...

Submitted by krantikumar50 on Wed, 08/01/2012 - 01:57

Hi All,


 


Instead of the usual multiple choice format, please see questions, however, in the form of fill in the blanks.


 


Warmly, KK..


 


Fill in the blanks for Project Charter aka PC.


 


1.       Who is not involved in project selection: PM, Project Sponsor, Customer, or SMEs? -------------


2.       ---------------- are also used to evaluate and choose between alternative ways of performing the project?


3.       What is the discounted rate when NPV equals zero? -----------------


4.       Which project should be chosen: low IRR or high IRR?


5.       The ----------- process produces the Project Charter?


6.       Corporate  procedures, policies, standards, and templates are elements of --------------------


7.       Who should be the author of the PC?


8.       Projects that have an NPV ------------------ zero have a higher likelihood of being approved.


9.       -------------- are external factors that can positively or negatively impact the outcome of the project.


10.   Name at least two needs or demands that necessitate the initiation of a project.


A ----------------------


B ----------------------


C ------------------------


D ------------------------


E --------------------------


F --------------------------


G ------------------------------


 

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sspawar

Wed, 08/01/2012 - 06:31

Not Easy may be some thing else


 


1. Who is not involved in project selection: PM, Project Sponsor, Customer, or SMEs? Costomer


2. ---Decision tree analysis/Idea to actions--- are also used to evaluate and choose between alternative ways of performing the project?


3. What is the discounted rate when NPV equals zero? ---100%--------------


4. Which project should be chosen: low IRR or high IRR? High


5. The -Develop Project Charter---------- process produces the Project Charter?


6. Corporate procedures, policies, standards, and templates are elements of --OPA-


7. Who should be the author of the PC? Project Initiater/Funding Authority


8. Projects that have an NPV ----More than-------------- zero have a higher likelihood of being approved.


9. ---Market condition and Govt rules----------- are external factors that can positively or negatively impact the outcome of the project.


10. Name at least two needs or demands that necessitate the initiation of a project -Market Demand, advancement of technology,

prashant.spce's picture

prashant.spce

Wed, 08/01/2012 - 12:52

1  PM


2 No idea


3 No idea


4 High


5 Develope project charter


6 Organizational Process Assets


7 Project Sponsor


8 More than


9 Enterprise external Factors


10 Customer requirements, market analysis


 


Prashant

krantikumar50

Wed, 08/01/2012 - 13:17

Good Prashant.


 


I am so happy that you got Q#9 right.


 


Yes, it is indeed EEFs.


 


Njoi... KK...

sspawar

Wed, 08/01/2012 - 14:46

Thanks KK
Its a good quiz.
I later realize that for q1 ans will be PM.
Rest of all I think almost correct or not pl write the correct answer.
Q7 EEF actually I intentionally could not write because it involves both internal and external.
NPV ans would be interesting

krantikumar50

Wed, 08/01/2012 - 14:56

First thing first, going forward I shall write RPS which means "Respected Pawarji Sir". Writing the complete word, at times, is a pain and you know where. Its pain in the fingers. What did you think?


 


The permission I seek is that are you ok if I post fill in the blanks instead of multiple choice for few more days RPS? I feel thats the real test of knowledge.


 


Please do lemme know and I shall abide.


 


Warmly, KK...

karthik21

Thu, 08/02/2012 - 05:37

 1.PM

2.decision tree/EVM
3.100%
4.High IRR
5.Initiation
6.Org processs assets
7.Sponsor
8.greater than
9.stakeholders
10.Business need

krantikumar50

Thu, 08/02/2012 - 06:24

Here are the answers friends,


 


1. PM


2. Project Selection Methods are also used to evaluate and choose between alternative ways of performing the project.


3. IRR


4. Higher IRR value


5. Develop PC process produces the PC


6. Corporate procedures, policies, standards, and templates are elements of OPA.


7. Executive Manager in the Org.


8. Projects that have an NPV GREATER THAN zero have  a higher likelihood of being approved.


9. Enterprise Environmental Factors are external factors that can positively or negatively impact the outcome of the project.


10.  A--  Market Demand


        B---- Org Need


        C--- Customer Requests


        D--- Technological Advances


        E---- Legal Requirements


       F----- Ecological Impacts


        G---- Socail Needs