Winch Ch.5 Verified Test Bank - The Owner Domain - Test Bank | Strategic Project Org 1e Winch by Graham Miles Winch. DOCX document preview.
Chapter 05 - The owner domain
Test Bank
Type: true-false
Title: Chapter 05 Question 1
01) It is only in shaping the project strategy phase that the owner plays the key role.
a. True
b. False
Type: multiple choice question
Title: Chapter 05 Question 2
02) Any organization which invests in the development of a new facility such as a factory, in the development of a new product such as an app, or attempts to change the way it works through a formal organizational change process is:
a. Project owner
b. Research & Development
c. Business developer
d. Government
Type: true-false
Title: Chapter 05 Question 3
03) Different owners have very different purposes, and these different purposes significantly shape the criteria against which they shape their investment projects.
a. True
b. False
Type: multiple choice question
Title: Chapter 05 Question 4
04) The ability to operate resources efficiently and effectively can be defined as:
a. Owner project capability
b. Operational capability
c. Innovation capability
d. Dynamic capability
Type: multiple choice question
Title: Chapter 05 Question 5
05) Owners of the project could be:
a. Investors
b. Operators of the asset
c. Government
d. All of the above
Type: multiple choice question
Title: Chapter 05 Question 6
06) The situation when decision makers within the owner domain are systematically biased towards the over-estimation of the benefits of a project and an underestimation of the costs of a project is called:
a. Dynamic uncertainty
b. Strategic misrepresentation
c. Optimism bias
d. Wrong estimation
Type: multiple choice question
Title: Chapter 05 Question 7
07) At which phase of a project a business case is presented about the need for a project:
a. Project shaping
b. Project delivery
c. Project execution
d. Operation
Type: true-false
Title: Chapter 05 Question 8
08) The use of formal analysis to define the value proposition is an important source of sense making material for project leaders and helps to identify vanity projects of various kinds.
a. True
b. False
Type: multiple choice question
Title: Chapter 05 Question 9
09) Any group or individual who can affect or is affected by the achievement of the project mission:
a. Project shareholders
b. External stakeholders
c. Internal stakeholders
d. Project stakeholders
Type: true-false
Title: Chapter 05 Question 10
10) Only a capable owner can effectively shape the project mission, see it through delivery of the project outputs and then realize the benefits desired for the project outcomes.
a. True
b. False