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QuestionSelect the best response1.Increasing sales and customer satisfaction

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QuestionSelect the best response1.Increasing sales and customer satisfaction
New product development is the mechanism for which of the following?

Finishing projects on time and on budget
Improving market share and financial performance
Expanding the business
Offering more options for the customer
Adding new projects
2. What are the critical resources of a project?

Time and money
Raw materials, equipment, money, and time
Materials, methods, and money
People, money, and time
People and time
Raw materials, equipment, people, money, and time
3. What is a Statement of Work (SOW)?

A tool for measuring project productivity
An authorization to assign a project manager
A method for communicating new products
A comprehensive project plan for completing all the necessary project work
An authorization to spend money
A tool for managing performance
4. What is the key tool for managing the logistics of the project?

Work Breakdown Structure
Control Chart
Critical Path Method
Gantt Chart
Work Package
Statement of Work
5. Why do project managers utilize the Critical Path Method (CPM)?

To provide a communication method
To improve productivity
To save time
To ensure on time and on budget project completion
To measure their performance
To hold people accountable
6. Which combination of elements will ensure success for any size project?

A qualified project manager, sufficient time and budget
Careful planning and teamwork
A qualified project manager and teamwork
Careful planning, well defined milestones, teamwork, and flexibility
A qualified project manager, flexibility, and teamwork
Sufficient time and budget

 
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