SWM udemy UPDATED ACTUAL Exam
Questions and CORRECT Answers
What are the three fundamental dimensions of Projects (The Triple Constraint)? - CORRECT
ANSWER - Scope,Time,Cost
What characteristic differentiates Projects from the normal day-to-day business operations? -
CORRECT 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. - CORRECT 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?
- CORRECT 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
Questions and CORRECT Answers
What are the three fundamental dimensions of Projects (The Triple Constraint)? - CORRECT
ANSWER - Scope,Time,Cost
What characteristic differentiates Projects from the normal day-to-day business operations? -
CORRECT 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. - CORRECT 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?
- CORRECT 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
