Layer 1 What term refers to the budget, people, materials, and other items necessary to complete a project? Layer 1 View Answers Layer 1 Ask Question Business Leadership and Management Questions
Layer 1 You expect that a project will bring in $12,000 USD in revenue per year. You estimate it will cost $5,000 up front. You also estimate costs of $50 per month for the first 12 months, which equals $600 per year. Using the formula (G-C) ÷ C = ROI, how would you calculate the project’s return on investment (ROI) after the first 12 months? Layer 1 View Answers Layer 1 Ask Question Business Leadership and Management Questions
Layer 1 You expect that a project will bring in $25,000 USD in revenue per year. You estimate it will cost $12,000 up front. You also estimate costs of $200 per month for the first 12 months, which equals $2,400 per year. Using the formula (G-C) ÷ C = ROI, how would you calculate the project’s return on investment (ROI) after the first 12 months? Layer 1 View Answers Layer 1 Ask Question Business Leadership and Management Questions
Layer 1 What are some questions a project manager can ask to determine a project’s costs? Select all that apply. Layer 1 View Answers Layer 1 Ask Question Business Leadership and Management Questions
Layer 1 Fill in the blank: _____ are the first thing a project manager needs to consider during the initiation phase. Layer 1 View Answers Layer 1 Ask Question Business Leadership and Management Questions
Layer 1 Why is it important to initiate a project? Select all that apply. Layer 1 View Answers Layer 1 Ask Question Business Leadership and Management Questions
Layer 1 Imagine that the main supplier for a construction project runs out of steel girders and needs to obtain more to complete the order. Which key component of project initiation does this scenario concern? Layer 1 View Answers Layer 1 Ask Question Business Leadership and Management Questions
Layer 1 Imagine you’re the project manager of a new grocery delivery service. You meet with stakeholders to set an overarching framework of what is and is not included in the project statement of work and deliverables. Which project initiation component are you trying to determine? Layer 1 View Answers Layer 1 Ask Question Business Leadership and Management Questions
Layer 1 What are the key components of project initiation? Layer 1 View Answers Layer 1 Ask Question Business Leadership and Management Questions
Layer 1 Fill in the blank: A _____ is a document that defines project goals and outlines what is needed to accomplish them. Layer 1 View Answers Layer 1 Ask Question Business Leadership and Management Questions
Layer 1 Why should project managers learn about organizational culture? Select all that apply. Layer 1 View Answers Layer 1 Ask Question Business Leadership and Management Questions
Layer 1 A project manager becomes a _____ at a company—someone who helps an organization transform by focusing on organizational effectiveness. Layer 1 View Answers Layer 1 Ask Question Business Leadership and Management Questions
Layer 1 What can a project manager do to manage changes effectively and encourage project adoption? Select all that apply. Layer 1 View Answers Layer 1 Ask Question Business Leadership and Management Questions
Layer 1 Which of the following statements is true of the change management process? Select all that apply. Layer 1 View Answers Layer 1 Ask Question Business Leadership and Management Questions
Layer 1 How can project managers navigate organizational culture while working on projects? Select all that apply. Layer 1 View Answers Layer 1 Ask Question Business Leadership and Management Questions
Layer 1 Which of the following concepts are part of organizational culture? Select all that apply. Layer 1 View Answers Layer 1 Ask Question Business Leadership and Management Questions
Layer 1 Which of the following accurately describe how organizational structure impacts project management? Select all that apply. Layer 1 View Answers Layer 1 Ask Question Business Leadership and Management Questions
Layer 1 What tools can a project manager use to communicate change and encourage successful project adoption? Select all that apply. Layer 1 View Answers Layer 1 Ask Question Business Leadership and Management Questions
Layer 1 Which of the following best describes organizational structure? Layer 1 View Answers Layer 1 Ask Question Business Leadership and Management Questions
Layer 1 As someone interviewing for a project management role, you ask questions about company dress code, workplace traditions, and expectations of risk-taking. Which part of a company’s culture do these questions help you learn more about? Layer 1 View Answers Layer 1 Ask Question Business Leadership and Management Questions
Layer 1 Define organizational structure. Layer 1 View Answers Layer 1 Ask Question Business Leadership and Management Questions
Layer 1 What questions can project managers ask themselves in order to help manage change effectively? Select all that apply. Layer 1 View Answers Layer 1 Ask Question Business Leadership and Management Questions
Layer 1 Which of the following refers to an internal group that defines and maintains project standards across the organization? Layer 1 View Answers Layer 1 Ask Question Business Leadership and Management Questions
Layer 1 Fill in the blank: Project governance covers _____. Layer 1 View Answers Layer 1 Ask Question Business Leadership and Management Questions