True or False:
An operating necessity project is always approved. - correct answer ✔✔False: Any project is open to
rejection
True or False:
"Sacred cow" projects are never canceled. - correct answer ✔✔False: A sacred cow project may be
canceled once the project sponsor understands the lack of justification for continuing.
A project being considered due to competitive necessity _______ require a proposal with justification,
cost estimates, and schedule estimates.
a. does
b. does not - correct answer ✔✔a. does
A competitive necessity indicates that a project that competes with a competitor's product or service
needs to be considered.
A non-numeric analysis ______ a numeric analysis.
a. can be as good as
b. is never is good as
c. can't be compared to - correct answer ✔✔a. can be as good as
True or False:
Checklists assign weights to each selection criterion. - correct answer ✔✔False: checklists are basically a
list of questions with no weight assigned.
True or False:
A checklist provides numerical values for attributes to compare different scenarios. - correct answer
✔✔False: Checklists provide answers to a project question, no numerical value is assigned.
, You work for the Whoopie Toy Company. You have been assigned to lead a project to design a board
game that was approved and started over a year ago. In that time, not only have some of your
company's priorities and goals changed, but the interest in board games has declined, and you are not
sure that this project is still relevant. You approach your supervisor to raise the issue, since you do not
want to waste resources. Your supervisor responds that he is aware that the project is not really in line
with the organization's current strategy but it must be completed anyway, as it has sponsorship from the
VP of marketing.
What is this an example of?
a. Operating necessity
b. Competitive necessity
c. Sacred Cow - correct answer ✔✔c. Sacred Cow
This is a sacred cow project since it does not fall under either a competitive or an operating necessity.
The main reason it is being undertaken is at the request of a high-ranking stakeholder.
What is an example of a type of non-numeric model for selection criteria?
a. Operating necessity
b. Return on investment
c. Revenue - correct answer ✔✔a. operating necessity
The most common examples for non-numeric selection criteria models are competitive necessity,
operating necessity, and sacred cow.
The checklist model for project selection is an example of a _______.
a. non-numeric
b. numeric - correct answer ✔✔a. non-numeric
Checklist models are frequently used for project selection and they are non-numeric in nature.
All other factors being equal, the project with the shortest payback period is ____.
a. rejected
b. chosen - correct answer ✔✔b. chosen
The shortest payback period provides the fastest recovery of expenses.