Online Course Support | Project Initiation: Starting a Successful Project

Imagine that the main supplier for a construction project runs out of steel girders and needs to obtain more to complete the order. Which key component of project initiation does this scenario concern?

5. Question 5 Imagine that the main supplier for a construction project runs out of steel girders and needs to obtain more to complete the order. Which key component of…

Online Course Support | Project Initiation: Starting a Successful Project

Imagine you’re the project manager of a new grocery delivery service. You meet with stakeholders to set an overarching framework of what is and is not included in the project statement of work and deliverables. Which project initiation component are you trying to determine?

4. Question 4 Imagine you’re the project manager of a new grocery delivery service. You meet with stakeholders to set an overarching framework of what is and is not included…

Online Course Support | Project Initiation: Starting a Successful Project

Fill in the blank: Project initiation includes determining resources, documenting key components, and _____.

1. Question 1 Fill in the blank: Project initiation includes determining resources, documenting key components, and _____. 1 / 1 point   finalizing budgets   solidifying scope   onboarding the team   establishing…

Online Course Support | Project Initiation: Starting a Successful Project

When calculating a cost-benefit analysis for a project, what do you call gains that are not quantifiable?

7. Question 7 When calculating a cost-benefit analysis for a project, what do you call gains that are not quantifiable? 1 / 1 point   Intangible benefits   Quarterly income   Yearly profits…

Online Course Support | Project Initiation: Starting a Successful Project

You expect that a project will bring in $15,000 USD in revenue per year. You estimate it will cost $10,000 up front. You also estimate costs of $100 per month for the first 12 months, which equals $1,200 per year. Using the formula (G-C) ÷ C = ROI, how would you calculate the project’s return on investment (ROI) after the first 12 months?

8. Question 8 You expect that a project will bring in $15,000 USD in revenue per year. You estimate it will cost $10,000 up front. You also estimate costs of…