C722 Pre-Assessment – Project Management (PHEO)

C722 Pre-Assessment – Project Management (PHEO) 1. A firm begins its strategic business initiative of developing a new business model that will allow the firm to deliver an efficient, tailored service to its customers. To accomplish this, the firm initiates a business management project. Which aspect of project management applies to this firm’s project? YOUR ANSW ER CORRE CT ANSW ER Independent operations Interdependent tasks Regulatory concept External environment 2. A firm begins its strategic business initiative of developing a new business model to enhance its competitiveness. What can be identified as a strategic business initiative for this firm? YOUR ANSW ER CORRE CT ANSW ER Timely payment of liabilities Liaison with regulatory agencies Improvement in product design Environmental scanning 3. A firm begins a strategic business initiative of developing a new business model that will allow the firm to deliver an efficient, tailored service to its customers. Which stakeholder would have triggered this strategic business initiative? YOUR ANSW ER CORRE CT ANSW ER Director of operations Production supervisor Project sponsor