WGU Project Management C722 Unit 3 Module 7 Quiz well answered already passed

WGU Project Management C722 Unit 3 Module 7 Quiz well
answered already passed


A project selection model is ____________ if it provides accurate measures across a reasonable range of
conditions.



Realistic



Capable



Flexible - correct answer ✔✔c. Flexible

Provides accurate measures across a reasonable range of conditions



When a company has many project proposals from which to choose, ____________ involves both
evaluating and prioritizing the project proposals.



Payback period



Opportunity cost



Project selection



Time value of money - correct answer ✔✔c. project selection

When a company has many project proposals from which to choose, project selection involves both
evaluating and prioritizing the project proposals.



The _____________ project selection model keeps the cost of gathering data and running the model
low, relative to the scale of the project.

, Comparable



Low cost



Ease of use - correct answer ✔✔b. low cost

A low cost project selection model keeps the costs of gathering data and running the model low, relative
to the scale of the project.



A project selection model is said to be ____________ when it accurately reflects the decision making
context of the company including its capabilities and limitations.



Realistic



Flexible



Capable - correct answer ✔✔



For a project selection model to be considered ____________ it must be able to integrate the relevant
factors of the evaluation including: time, risk, cost, and the internal as well as external environments.



Capable



Realistic



Flexible - correct answer ✔✔a. capable



Projects evaluated under the ____________ model are approved based on whether implementing the
project will ensure the viability of the company in the competitive market.



Sacred cow