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Which of the following is true of the project life cycle?
A. in the early phases of a project life cycle, resource needs are usually lowest
B. in the later phases of the project life cycle, the level of uncertainty is usually the highest
C. it is much more expensive to make major changes to a project during the earlier phases than the latter phases
D. more resources are usually needed during the initial phases of a project than during the middle or final phases
Answer: C
NEW QUESTION # 45
Frog and Duck Ltd is a new enterprise that has just launched in the technology industry. There are few members of staff and communication is therefore informal. Which phase of growth is Frog and Duck Ltd experiencing?
A. directional evolution
B. collaboration evolution
C. creative evolution
D. co-ordination evolution
Answer: C
Explanation:
InGreiner's growth model, the first stage -Creative Evolution- is characterised byentrepreneurial energy,informal communication, andfounder-led creativitytypical of start-ups.
Reference:CIPS L5M8 Study Guide, p.105.
NEW QUESTION # 46
A SWOT analysis, being a linear process, cannot be performed using the nonlinear mind mapping technique.
A. False
B. True
Answer: A
NEW QUESTION # 47
The procurement statements of work are an output of the _____ process of project procurement management.
A. planning
B. executing
C. monitoring and controlling
D. closing
Answer: A
NEW QUESTION # 48
Graham manages a biscuit-making factory and requires a new piece of equipment. After having his budget approved as a capital-expenditure item, he has looked at different purchasing options. Graham has decided to use a method in which the asset is leased over two years and at the end of the two years the company has the opportunity to own the asset outright via payment of a balloon payment. What type of purchase is this?
A. finance lease
B. asset loan
C. operating lease
D. hire purchase
Answer: D
Explanation:
Hire purchaseinvolves staged payments with anoption to ownthe asset at the end (often via afinal/balloon payment). Finance/operating leases don't necessarily transfer ownership.
Reference:CIPS L5M8 Study Guide, p.62.
NEW QUESTION # 49
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