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16 * Edward Tong@2015 Copyright reserved Jinan University * A common rule of thumb in the world of high-tech product development is that a six-month project delay can result in a loss of product revenue share of ___ percent. The waste on failed projects and cost overruns is estimated in the neighborhood of?cA.?10B.?20C.?33D.?45E.?50 17 * Edward Tong@2015 Copyright reserved Jinan University * The waste on failed projects and cost overruns is estimated in the neighborhood of?bA.?Under $100 MillionB.?Over $150 BillonC.?Under $10 BillionD.?Between $90-$100 BillionE.?Between $125-$135 Billion 18 * Edward Tong@2015 Copyright reserved Jinan University * Which of the following is the first step in developing a set of strategies designed to best meet the needs of customers??cA.?Market ResearchB.?Define the Integrated Project Management SystemC.?Environmental AnalysisD.?Project SelectionE.?All of the above are correct 19 * Edward Tong@2015 Copyright reserved Jinan University * Integration of project management with the organization takes place with the?dA.?Master budgetB.?Strategy planC.?Process of managing actual projectsD.?Both b and c are correctE.?A, B, and C are all correct 20 * Edward Tong@2015 Copyright reserved Jinan University * Two dimensions within the project management process are?aA.?Technical and socioculturalB.?Cost and timeC.?Planned and unexpectedD.?Established and newE.?Unique and reoccurring 21 * Edward Tong@2015 Copyright reserved Jinan University * ?Which of these is not part of the technical dimension of project management??cA.?WBSB.?BudgetsC.?Problem solvingD.?SchedulesE.?Status reports 22 * Edward Tong@2015 Copyright reserved Jinan University * ?Which of these is not part of the sociocultural dimension of project management??bA.?NegotiationB.?Resource allocationC.?Customer expectationsD.?LeadershipE.?Politics 23 * Edward Tong@2015 Copyright reserved Jinan University * Corporate downsizing has
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