Business Strategy-Midterm

Mission; Strategy

_______________ defines what you are doing; ________________ describes how you are going to do it.

False

Control should be exercised over what is unimportant (T/F)

Count the costs

In Luke 14:28, Jesus challenges the disciples to ____________ ________ ______________ when considering future plans.

Clarify positions after taking action

Of the four steps of uniting stakeholders, which of the following is NOT one of the steps.

Pessimistic

In the three-point estimating technique for a WBS, one uses the optimistic, _____________, and most-likely scenario.

Deal with resource limitations

One rule of scheduling is to diagram what is logically possible, then ________________.

Job

When evaluating a project, appraising the progress and performance of the __________ is critical.

Float

Once you have used up the _________ in a task, it becomes part of the critical path.

To simplify the chain of command

Which of the following is NOT a reason managers need people skills.

True

The Critical Path Method (CPM) finds the longest path through a project using the most critical series of tasks (T/F).

False

People who do the work should not participate in the plan (T/F).

True

Project management may not necessarily be technical in nature, but has technical aspects to it (T/F).

Want

"Dictators get people to do things, leaders get people to ____________ to do things."

Activity of completion

In an arrow diagram, the nodes are representative of milestones and the arrows represent _____________.

True

A total path with no float is called the critical path (T/F).

Building the gates

One way to look at the wall Nehemiah built was to see the work breakdown structure. It would have included defining the wall to be built, setting up the work teams, starting on the wall, and __________________________.

True

The mission of a project is always to achieve the vision (T/F).

Goal: Build walls partially within 52 days

Which of the following was NOT a part of Nehemiah's project to rebuild the walls of Jerusalem?

Power; Decisions

There are two kinds of authority: ______________ over people and ability to make ____________ and act unilaterally.

True

The benefit of the work breakdown structure (WBS) is that is makes it easier to estimate knowledge tasks than other tools (T/F).

True

A paradigm is a belief about what the world is like (T/F).

Manager; Leader

A project manager must be both a _____________ and a ______________.

They help to set a realistic project timeline

Why should you account for weekends, holidays, and other breaks in developing a work schedule?

Maintenance and improvement

In a project review meeting, there are two aspects to project control:

Bar chart and arrow diagram

What are the two types of project scheduling diagrams?

Living a complete (public and private) life in conformance to God's will

When thinking of integrity, what is God's description of it?

Helps to prioritize risk

A risk matrix is a tool that __________________.

True

A risk management plan is a process (T/F).

Anyone with a vested interest in a project's outcome

Who are project stakeholders?

Reveal problems late for easy resolution

Of the reasons for conducting periodic project reviews, which of the following is NOT one:

All of the above

Which of the following is a type of procurement?

None of the above

Project plan ingredients do NOT include which of the following?

Humility

Philippians 2:3-8 presents the ____________ of Christ as an example of us.

Duration

In scheduling, ES stands for Early Start, EF stands for Early Finish, LS stands for Late Start and DU stands for ___________________.

Planning

When Nehemiah was reviewing the state of the wall around Jerusalem at night, his activities were most closely related to:

Kept on the radar

A person with low influence and a negative attitude about the project should be:

Things get worse

What happens when information is delayed when implementing a control system?

Proverbs 27:23

"Know the condition of your flocks" is a principle found in which Bible verse?

Project

Risk management is defined as the systematic process of identifying, analyzing, and responding to _________________ risk.

Mitigate

Step four in the risk management process is to prevent or ___________ the risk.

A temporary endeavor undertaken to create a unique product, service, or result

What is the definition of a project?

None of the above

Which of the following are NOT an element of the communication plan?

Believe

The definition of leadership states that it is the art of getting others to want to do something that you ______________ should be done.

Humility

According to Philippians 2:3, the most important aspect of a believer's life is:

Definition; Execution

A project life-cycle includes the following five elements: concept, ______________, planning, _______________, and closeout.

Project plan

Strategy, tactics, and logistics are three components of a _______________ ___________________.

Before the schedule

When should you develop a WBS?

False

A lack of planning causes projects to succeed (T/F).

Gap

Problems exist when there is a _____________ between the current situation and reaching the goal.

Mind

In Proverbs 16:9, the _________________ of a man plans his ways, but the Lord directs his steps.