solution

Answer the following questions:

Chapter One (handout 1):

1. Define a project. What are five characteristics which help differentiate projects from other functions carried out in the daily operations of the organization?

2. Describe the four phases of the traditional project life cycle. Which phase do you think would be most the difficult one to complete?

Chapter two (handout 2):

1. Describe the major components of the strategic management process.

2. Explain the role projects play in the strategic management process.

3. Why should an organization not rely only on ROI to select projects?

4. Discuss the pros and cons of the checklist versus the weighted factor methods of selecting projects.

 
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