Started on State Completed on Time taken Thursday, 1 February 2024, 11:46 PM Finished Thursday, 1 February 2024, 11:54 PM 8 mins 32 secs Marks 44.00/50.00 Grade 88.00 out of 100.00 Question 1 Correct Mark 1.00 out of 1.00 Flag question Question text SWOT means Strengths Weaknesses Opportunities _________. Select one: a. Threats b. Things c. Thrills Feedback Your answer is correct. The correct answer is: Threats Question 2 Correct Mark 1.00 out of 1.00 Flag question Question text The owner is responsible for ensuring the continued viability of the project and that the benefits defined in the business case are realized after project completion. Select one: True False Feedback The correct answer is 'False'. Question 3 Correct Mark 1.00 out of 1.00 Flag question Question text The driving force when deciding how to build a business case will be how to demonstrate the value your project will deliver. Select one: True False Feedback The correct answer is 'True'. Question 4 Correct Mark 1.00 out of 1.00 Flag question Question text Benefits can be defined as detail savings in terms of revenue and productivity that are a result of achieving greater efficiency Select one: True False Feedback The correct answer is 'True'. Question 5 Correct Mark 1.00 out of 1.00 Flag question Question text The ability to quickly and efficiently respond to change is optional to survive within today’s volatile working environment. Select one: True False Feedback The correct answer is 'False'. Question 6 Correct Mark 1.00 out of 1.00 Flag question Question text Giving targets a sense of control is key if you want your change to be implemented with less resistance, and at speed. Select one: True False Feedback The correct answer is 'True'. Question 7 Incorrect Mark 0.00 out of 1.00 Flag question Question text The content of your change is as important as your people strategies. Select one: True False Feedback The correct answer is 'False'. Question 8 Correct Mark 1.00 out of 1.00 Flag question Question text The Process component of your change strategy sketches out a high-level roadmap to get you from where you are today to where you need to be to achieve results from your change Select one: True False Feedback The correct answer is 'True'. Question 9 Incorrect Mark 0.00 out of 1.00 Flag question Question text As you move through your change process, you must ensure that your values and principles have intangible influence on your design requirements. Select one: True False Feedback The correct answer is 'False'. Question 10 Correct Mark 1.00 out of 1.00 Flag question Question text Change is all about taking a good idea or new direction and making it real. Select one: True False Feedback The correct answer is 'True'. Question 11 Correct Mark 1.00 out of 1.00 Flag question Question text Change is all about taking a good idea or new direction and making it real. Select one: True False Feedback The correct answer is 'True'. Question 12 Incorrect Mark 0.00 out of 1.00 Flag question Question text The highest degree of uncertainty is in project closure. Select one: True False Feedback The correct answer is 'False'. Question 13 Correct Mark 1.00 out of 1.00 Flag question Question text Tools and techniques used in the Monitor and Control Risks Process include risk register updates and change requests. Select one: True False Feedback The correct answer is 'False'. Question 14 Correct Mark 1.00 out of 1.00 Flag question Question text The future state can range from simple changes such as removing a feature in an application to complex changes such as entering a new market. Select one: True False Feedback The correct answer is 'True'. Question 15 Correct Mark 1.00 out of 1.00 Flag question Question text Too often, business processes and product scope are defined at a very low level Select one: True False Feedback The correct answer is 'False'. Question 16 Correct Mark 1.00 out of 1.00 Flag question Question text The future state description includes the new, modified and removed components of the enterprise. Select one: True False Feedback The correct answer is 'True'. Question 17 Correct Mark 1.00 out of 1.00 Flag question Question text A risk management plan should define who has responsibility for causing each risk and hold the responsible party directly accountable for developing an appropriate solution. Select one: True False Feedback The correct answer is 'False'. Question 18 Correct Mark 1.00 out of 1.00 Flag question Question text The process of defining how to conduct risk management activities for a project is known as Project Risk Absorption Methodology (PRAM). Select one: True False Feedback The correct answer is 'False'. Question 19 Correct Mark 1.00 out of 1.00 Flag question Question text The Z value for a particular outcome is equal to the difference between the outcome and the expected outcome measured in terms of standard deviations. Select one: True False Feedback The correct answer is 'True'. Question 20 Correct Mark 1.00 out of 1.00 Flag question Question text The normal probability distribution is an example of a discrete probability distribution. Select one: True False Feedback The correct answer is 'False'. Question 21 Correct Mark 1.00 out of 1.00 Flag question Question text If the probability that the economy will be in recession is 0.40, then the probability that the economy will not be in a recession must be 0.60. Select one: True False Feedback The correct answer is 'True'. Question 22 Correct Mark 1.00 out of 1.00 Flag question Question text Decisions made under risk require a decision maker to choose both a strategy and a state of nature. Select one: True False Feedback The correct answer is 'False'. Question 23 Correct Mark 1.00 out of 1.00 Flag question Question text A payoff matrix shows the profit that would be earned under certainty, risk, and uncertainty so the decision maker can choose which is best. Select one: True False Feedback The correct answer is 'False'. Question 24 Correct Mark 1.00 out of 1.00 Flag question Question text Risk refers to a situation in which the probability of each possible outcome to a decision is unknown or meaningless. Select one: True False Feedback The correct answer is 'False'. Question 25 Correct Mark 1.00 out of 1.00 Flag question Question text The process of defining how to conduct risk management activities for a project is known as Project Risk Absorption Methodology (PRAM). Select one: True False Feedback The correct answer is 'False'. Question 26 Correct Mark 1.00 out of 1.00 Flag question Question text A risk management plan should define who has responsibility for causing each risk and hold the responsible party directly accountable for developing an appropriate solution. Select one: True False Feedback The correct answer is 'False'. Question 27 Correct Mark 1.00 out of 1.00 Flag question Question text When the impact of an event is negative, it is considered a risk; when the impact is positive, the event is considered an opportunity. Select one: True False Feedback The correct answer is 'False'. Question 28 Correct Mark 1.00 out of 1.00 Flag question Question text The risk register is a living document and new risks can be added as they are discovered. Select one: True False Feedback The correct answer is 'True'. Question 29 Correct Mark 1.00 out of 1.00 Flag question Question text The normal probability distribution is an example of a discrete probability distribution. Select one: True False Feedback The correct answer is 'False'. Question 30 Correct Mark 1.00 out of 1.00 Flag question Question text The expected value of a strategy is a measure of risk. Select one: True False Feedback The correct answer is 'False'. Question 31 Correct Mark 1.00 out of 1.00 Flag question Question text Inputs can be products, services or results. Select one: True False Feedback The correct answer is 'False'. Question 32 Correct Mark 1.00 out of 1.00 Flag question Question text Business organization is any entity that takes in inputs (financial or non-financial resources) and converts them into outputs through various business processes. Select one: True False Feedback The correct answer is 'True'. Question 33 Correct Mark 1.00 out of 1.00 Flag question Question text Current state and future state process analysis go hand-in-hand when you are evaluating business processes. Select one: True False Feedback The correct answer is 'True'. Question 34 Incorrect Mark 0.00 out of 1.00 Flag question Question text If the answer to the questions posed in the assessment stage is “Yes” or “Sure,” we undergo a planning stage where the company proposes strategic alternatives. Select one: True False Feedback The correct answer is 'False'. Question 35 Correct Mark 1.00 out of 1.00 Flag question Question text Market transactions, when performed with good command on timing, generate no returns. Select one: True False Feedback The correct answer is 'False'. Question 36 Correct Mark 1.00 out of 1.00 Flag question Question text At the highest level, corporate strategy involves high-level strategic decisions that will help a company sustain a competitive advantage and remain profitable in the foreseeable future. Select one: True False Feedback The correct answer is 'True'. Question 37 Correct Mark 1.00 out of 1.00 Flag question Question text A good Current State Analysis helps to change the culture of the organisation. Select one: True False Feedback The correct answer is 'True'. Question 38 Correct Mark 1.00 out of 1.00 Flag question Question text Strategic analysis is the foundation for understanding the strategic gap – the difference between the current position and the desired position of the organization. Select one: True False Feedback The correct answer is 'True'. Question 39 Correct Mark 1.00 out of 1.00 Flag question Question text Market transactions, when performed with good command on timing, generate no returns. Select one: True False Feedback The correct answer is 'False'. Question 40 Correct Mark 1.00 out of 1.00 Flag question Question text Quick and short-term profits can be earned with good market timing. Select one: True False Feedback The correct answer is 'True'.
