MGMT 5220 (1) EXAM QUESTIONS WITH COMPLETE SOLUTIONS GUARANTEED PASS BRAND NEW 2025.

MGMT 5220 (1) EXAM QUESTIONS WITH COMPLETE
SOLUTIONS GUARANTEED PASS BRAND NEW 2025



Client interest - CORRECT ANSWER - >the level of
enthusiasm or concern expressed by the project's
intended customer

project stake - CORRECT ANSWER - >the amount of
corporate investment in the project. The longer the life
of the project, the greater the investment

resources - CORRECT ANSWER - >the commitment of
financial, human, and technical resources over the life of
the project

creativity - CORRECT ANSWER - >the degree of
innovation required by the project, especially during
certain development phases

uncertainty - CORRECT ANSWER - >the degree of risk
associated with the project. Riskiness here represents
the number of unknowns, including technical challenges
that the project is likely to face.

, A project is successful if at completion it was: - CORRECT
ANSWER - >within budget, within time, & contained
planned scope/quality

project - CORRECT ANSWER - >a unique venture with a
beginning and an end, conducted by people to meet
established goals within parameters of cost, schedule
and quality.

elements of a project - CORRECT ANSWER - >1) complex,
one-time processes,
2) limited by budget, schedule, & resources,
3) developed to resolve a clear goal or set of goals
4) customer focused- a "new" characteristic

why are projects important? - CORRECT ANSWER - >1)
shortened product life cycles
2) narrow product launch windows
3) increasingly complex & technical products
4) global markets
5) an economic period marked by low inflation

determinants of project success - CORRECT ANSWER -
>budget
schedule
performance