Models questions with verified answers
Capable Ans✓✓✓ ________ is the model selection criteria that uses factors that
are relevant to the organization.
We would not expect one model to cover all dimensions of a project, we would
want to use models that cover their dimension comprehensively.
Checklist project selection model Ans✓✓✓ The __________ uses a series of
questions to evaluate each potential project and then the answers to the
questions would be compared to determine whether a project is accepted or
rejected.
Comparable Ans✓✓✓ __________ is the model selection criteria that should be
usable across a range of projects such that the outcomes of the model can be
used to compare projects.
Competitive Necessity Ans✓✓✓ The _________ non-numeric project selection
criteria requires a project proposal, which includes justification, cost, and time
estimates, as well as documented outcomes. The decision of whether to approve
or disapprove the project is based on whether implementing the project will
ensure the viability of the company in the competitive market.
Easy to use Ans✓✓✓ __________ is the model selection criteria that provides
results in a reasonable amount of time.
Results should be easily understood by the decision makers.
Flexible Ans✓✓✓ __________ is the model selection criteria that should provide
accurate measures across a reasonable range of conditions.