SWM Udemy Exam With Questions and
Answers
What are the three fundamental dimensions of Projects (The Triple
Constraint)?
Time, Cost, Risks
Scope, Time, Cost
Product, Service, Result - ANSWER Scope, Tim, Cost
What characteristic differentiates Projects from the normal
day-to-day business operations?
Money and resources are being used (Cost)
There is a well defined goal (Output)
There is a time constraint - a pre-determined start and end date
(Time) - ANSWER There is a time constraint - a pre-determined start
and end date (Time)
Often we find initiatives that fall outside of day-to-day business but
not all are given 'project' status. Why do you think initiative "P" has
been classified as a project, but initiative "N" has not?
"P": A French company producing and selling cheese decides to
enter the US market by setting up shops in 3 states. A small factory
will also be built. Everything has to be ready for the product to be
made available to US customers in 15 months.
"N": The sales manager of a local supermarket has reviewed a new
study on how to maximize sales through efficient product placement.
She has requested the staff to re-order the shelves in the cheese
area by the end of the month.
,A. Initiative "P" is temporary. There is a due date in 15 months.
B. Initiative "N" takes place in the same city, hence there is no need
to be managed as a project.
C. Initiative "P" is a complex one, employing people and capital to
meet a specific r - ANSWER Initiative "P" is a complex one,
employing people and capital to meet a specific result in a limited
time period. Initiative "N" would not classify as complex, as the goal
can be met as part of the day-to-day business activities.
What do you think can potentially transform Initiative "N" from a
normal activity into a Project?
Apply the optimal product positioning to other supermarkets in the
country. Develop a plan on when to review and amend the positioning
of all product groups and perform trainings of the employees
Extend the timeline to 6 months - a typical project duration
The sales manager dedicates more time to read other studies and
research findings on the topic. She decides to monitor if the changes
on the cheese shelves influence the sales of these products for 2
months - ANSWER Apply the optimal product positioning to other
supermarkets in the country. Develop a plan on when to review and
amend the positioning of all product groups and perform trainings of
the employees
Would you classify the below initiative as a "project"?
The manager of the administration department is asked to use a
brand new software for the year end performance evaluation
process of the employees. She has to populate all employee data into
the new system, assign scores and submit. This needs to be
completed by November 30th.
A. Yes
B. No - ANSWER No
,Would you classify the below initiative as a "project"?
A Japanese technological company, producing camera drones
decides to open a small shop in the US, as part of its international
expansion strategy. Within 6 months, the shop must be operational
and a local sales team of 2 or 3 employees will have to be recruited
and trained. The goal of the initiative will not only be to directly
distribute the products but also test the market and to explore
opportunities for further expansion.
A. Yes
B. No - ANSWER Yes
Which of the following is most likely to create the demand for a
project?
Customer requests to amend the established trading agreements by
modifying the billing frequency from 30 to 40 days and update the
billing address.
A direct competitor introducing a mobile app as an extension of their
product.
An update of the accounting requirements, affecting few processes
of the company. All related process updates can happen for 7 days. -
ANSWER A direct competitor introducing a mobile app as an
extension of their product.
During which phase does the PM prepare the detailed plans for the
project, including the specific activities to be done, the duration and
resources needed to perform them?
Initiation
Planning
Monitoring & Control
Execution
, Closure - ANSWER Planning
In which phase should a Project Manager be assigned?
Initiation
Planning
Monitoring & Control
Execution
Closure - ANSWER Initiation
Thanks to the activities done in which phase should the PM identify
the project is running over-budget?
Initiation
Planning
Monitoring & Control
Execution
Closure - ANSWER Monitoring & Control
In which phase is it most likely to observe conflicts within the project
team which the PM has to solve?
Initiation
Answers
What are the three fundamental dimensions of Projects (The Triple
Constraint)?
Time, Cost, Risks
Scope, Time, Cost
Product, Service, Result - ANSWER Scope, Tim, Cost
What characteristic differentiates Projects from the normal
day-to-day business operations?
Money and resources are being used (Cost)
There is a well defined goal (Output)
There is a time constraint - a pre-determined start and end date
(Time) - ANSWER There is a time constraint - a pre-determined start
and end date (Time)
Often we find initiatives that fall outside of day-to-day business but
not all are given 'project' status. Why do you think initiative "P" has
been classified as a project, but initiative "N" has not?
"P": A French company producing and selling cheese decides to
enter the US market by setting up shops in 3 states. A small factory
will also be built. Everything has to be ready for the product to be
made available to US customers in 15 months.
"N": The sales manager of a local supermarket has reviewed a new
study on how to maximize sales through efficient product placement.
She has requested the staff to re-order the shelves in the cheese
area by the end of the month.
,A. Initiative "P" is temporary. There is a due date in 15 months.
B. Initiative "N" takes place in the same city, hence there is no need
to be managed as a project.
C. Initiative "P" is a complex one, employing people and capital to
meet a specific r - ANSWER Initiative "P" is a complex one,
employing people and capital to meet a specific result in a limited
time period. Initiative "N" would not classify as complex, as the goal
can be met as part of the day-to-day business activities.
What do you think can potentially transform Initiative "N" from a
normal activity into a Project?
Apply the optimal product positioning to other supermarkets in the
country. Develop a plan on when to review and amend the positioning
of all product groups and perform trainings of the employees
Extend the timeline to 6 months - a typical project duration
The sales manager dedicates more time to read other studies and
research findings on the topic. She decides to monitor if the changes
on the cheese shelves influence the sales of these products for 2
months - ANSWER Apply the optimal product positioning to other
supermarkets in the country. Develop a plan on when to review and
amend the positioning of all product groups and perform trainings of
the employees
Would you classify the below initiative as a "project"?
The manager of the administration department is asked to use a
brand new software for the year end performance evaluation
process of the employees. She has to populate all employee data into
the new system, assign scores and submit. This needs to be
completed by November 30th.
A. Yes
B. No - ANSWER No
,Would you classify the below initiative as a "project"?
A Japanese technological company, producing camera drones
decides to open a small shop in the US, as part of its international
expansion strategy. Within 6 months, the shop must be operational
and a local sales team of 2 or 3 employees will have to be recruited
and trained. The goal of the initiative will not only be to directly
distribute the products but also test the market and to explore
opportunities for further expansion.
A. Yes
B. No - ANSWER Yes
Which of the following is most likely to create the demand for a
project?
Customer requests to amend the established trading agreements by
modifying the billing frequency from 30 to 40 days and update the
billing address.
A direct competitor introducing a mobile app as an extension of their
product.
An update of the accounting requirements, affecting few processes
of the company. All related process updates can happen for 7 days. -
ANSWER A direct competitor introducing a mobile app as an
extension of their product.
During which phase does the PM prepare the detailed plans for the
project, including the specific activities to be done, the duration and
resources needed to perform them?
Initiation
Planning
Monitoring & Control
Execution
, Closure - ANSWER Planning
In which phase should a Project Manager be assigned?
Initiation
Planning
Monitoring & Control
Execution
Closure - ANSWER Initiation
Thanks to the activities done in which phase should the PM identify
the project is running over-budget?
Initiation
Planning
Monitoring & Control
Execution
Closure - ANSWER Monitoring & Control
In which phase is it most likely to observe conflicts within the project
team which the PM has to solve?
Initiation
