Module 2

Question 1

What is the SWOT method

Answer 1

Strengths (organization)
Weaknesses (organization)
Opportunities (project)
Threats (project)

Question 2

What are the steps to project selection?

Answer 2

• develop alternative options
• brainstorm cost benefit
• analyze
• implement best choice
• evaluate outcome / lessons learned

Question 3

List 5 different financial analysis tools.

Answer 3

Payback period.
Net Present Value (NPV) Analysis
Return on Investment (ROI)
Expected Monetary Value (EMV)
Balanced Scorecard approach

Question 4

What is NVP?

Answer 4

Net Present Value (NPV).

Discounted benefits – discounted cost.

Question 5

What is ROI?

Answer 5

Return on Investment.

ratio of NPV / discounted cost

Question 6

What is EMV (expected monetary value) analysis?

Answer 6

Decision tree.
Probability of outcome * dollar amount of outcome,
add all together for a total.
Compare total for each options

Question 7

What are the 4 categories of Balanced Scorecard analysis?

Answer 7

financial stewardship,
customers,
process,
“people and learning”

Question 8

Give examples of internal stakeholders.

Answer 8

project sponsor, project team, support staff, other managers, top mgmt. etc

Question 9

Give examples of external stakeholders.

Answer 9

project client / customer, competitors, suppliers / vendors, government officials, concerned citizens

Question 10

Stakeholder analysis, Power vs interest grid. List appropriate responses for +P+I, +P-I, -P+I, -P-I

Answer 10

+P+I: Manage closely
+P-I: keep satisfied
-P+I: keep informed
-P-I: monitor

Question 11

Stakeholder analysis, Power vs interest grid. give examples of +P+I, +P-I, -P+I, -P-I

Answer 11

+P+I: client?
+P-I: project sponsor?
-P+I: concerned citizens?
-P-I: ??

Question 12

What are the common elements of a project charter?

Answer 12

purpose or result, key deliverables
Requirements to meet stakeholder wants, needs, expectations
Assumption log (risk factors)
Risk tolerance
Project priorities, key drivers and IN WHAT ORDER