Risk responses organization is moving through the process of selecting one of several Terri’s projects. Her organization utilizes mathematical models to determine the projects that should be initiated. Which one of the following is an example of a mathematical model used to select projects for selection? Future value Linear programming Present value Benefits/cost ratio You and the project management team are creating a project statement of work. As part of this activity, which one of the following should be included in the project statement of work document? Risk responses Organizational process assets Initial work breakdown structure Strategic plan The project management plan has several purposes and all projects should have a plan. What is the purpose of the project management plan? It defines the project manager and their level of authority on the project. It authorizes the project manager to assign resources to the project work. It defines how the project will be planned and executed. It defines how the project will be executed, monitored and controlled, and then closed. The project steering committee is considering which project they should invest capital project promises to be worth $175,000 in four years. The project steering in. Mary’s committee is interested in project, but they would like to know the present Mary’s value of the return if the interest rate is 6 percent. What is the present value of Mary’s project? $175,000
Risk responses Terri’s organization is moving through the process of selecting one of several projects. Her organization utilizes mathematical models to determine the projects that should be initiated. Which one of the following is an example of a mathematical model used to select projects for selection? Future value Linear programming Present value Benefits/cost ratio You and the project management team are creating a project statement of work. As part of this activity, which one of the following should be included in the project statement of work document? Risk responses Organizational process assets Initial work breakdown structure Strategic plan The project management plan has several purposes and all projects should have a plan. What is the purpose of the project management plan? It defines the project manager and their level of authority on the project. It authorizes the project manager to assign resources to the project work. It defines how the project will be planned and executed. It defines how the project will be executed, monitored and controlled, and then closed. The project steering committee is considering which project they should invest capital in. Mary’s project promises to be worth $175,000 in four years. The project steering committee is interested in Mary’s project, but they would like to know the present value of the return if the interest rate is 6 percent. What is the present value of Mary’s project? $175,000
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