In the project lifecycle, which of the following stages is completed last?
Answer : D
The final step in the lifecycle is the review stage, following closure. It evaluates project success against objectives and captures lessons learned for future improvement.
When completing a risk assessment, which TWO characteristics of a risk should be quantitatively examined?
Answer : A, D
A risk assessment quantifies likelihood (probability) and severity (impact), assigning scores that help prioritise mitigation actions. Type and owner are qualitative factors.
Zoo Ltd uses Lean manufacturing techniques and Six Sigma in order to improve process efficiencies. What type of changes would you expect to see at this organisation?
Answer : B
Lean and Six Sigma typically drive incremental, continuous improvements to processes. L5M8 categorises this as adaptation---ongoing, small-scale changes rather than radical overhauls.
Participative Evolution is a change model which requires which of the following in order to be effective?
Answer : C
Participative evolution entails incremental change with employee support. Effective application requires a consultative leadership style to involve and engage people so they back the change. Tight timescales or large budgets are not defining necessities.
Daniel is a Project Manager and has just run a risk simulation to find out the likelihood of his project taking 3, 4, or 5 weeks to complete. He discovered it is equally likely the project would take any of those durations. What type of distribution is this?
Answer : D
A uniform distribution gives equal probability to all outcomes. Each project duration (3, 4, 5 weeks) has the same likelihood, making it uniformly distributed.
The objectives of an organisation are the top-level ''wants'' of an organisation and are usually non-tangible and long term. Is this correct?
Answer : C
Goals are the high-level, long-term aspirations. Objectives, by contrast, are short-term, specific, measurable steps that support those goals (e.g., increasing sales by 10% within 12 months).
Andrew is creating a SWOT analysis for his department and so far has noted the following: lack of direction, resource constraints, and competitor advantage. Which area of the SWOT analysis has Andrew completed?
Answer : B
These are internal negative factors, classed as weaknesses in a SWOT. Strengths/weaknesses are internal; opportunities/threats are external. Competitor advantage, though external, is perceived here as a benchmark highlighting internal weakness.