Project Management and New Product Development

MULTIPLE CHOICE

1. A project is characterized by all of the following except:

a.
a well-defined objective
b.
a series of interdependent tasks
c.
a specific time frame
d.
competitor’s orientation
e.
degree of uncertainty

ANS: D PTS: 1

2. In a gap analysis there should be a prioritization of the gaps using all of the following categories used except:

a.
those that must be addressed
b.
those that should be addressed
c.
those that would be nice to address
d.
those competitors are addressing
e.
those that do not need to be addressed

ANS: D PTS: 1

3. The steps in analyzing the significance of gaps should include the following except:

a.
establishing list the gaps
b.
determining need and/or opportunity for each gap
c.
judging feasibility of addressing gaps
d.
determining which gaps competitors are now filling
e.
selecting most important gaps to address and beginning to act

ANS: D PTS: 1

4. The complexities that can impact the innovation process include all of the following except:

a.
technological
b.
market
c.
development
d.
organizational
e.
industrial

ANS: E PTS: 1

5. The characteristics of a project should include all of the following except:

a.
broad and inclusive
b.
realistic
c.
timed for achievability
d.
measurable
e.
project manager identified

ANS: A PTS: 1

6. In the definition stage of the project the questions that should be looked at include all of the following except:

a.
Is there a strategic fit?
b.
Do we understand the scope and implications of the project?
c.
Do we know what we are doing next?
d.
Is the industry moving in similar directions?
e.
Are we moving on for good reasons?

ANS: D PTS: 1

7. A Gantt chart does which of the following?

a.
shows activities and how they interact
b.
indicates steps to accomplish the plan and timing
c.
shows the longest path of different activities
d.
shows outside stakeholders that must be considered in the project
e.
shows how the project interacts with other units of the firm

ANS: B PTS: 1

8. A Pert chart shows:

a.
activities and how they interact
b.
plan and timing
c.
longest path of different activities
d.
outside stakeholders that must be considered in the project
e.
how the project interacts with other units of the firm

ANS: A PTS: 1

9. A Critical Path shows:

ANS: C PTS: 1

10. In the development phase all of the following steps occur except how to:

a.
Define a method for building the product or implementing the process
b.
Evaluate the firm’s resources for best practices capabilities
c.
Develop a list of materials needed
d.
Determine the ability of the firm to introduce the innovation along with other products and processes in the firm
e.
Assume the market size necessary is there to focus on developing the best product possible

ANS: E PTS: 1

11. The concept phase of innovation project management is concerned with:

a.
identifying strategic gaps the firm faces
b.
developing basic framework of relevant concepts to the project
c.
beginning actual design of the project
d.
installing/releasing new product or process
e.
seeing if accomplished what intended

ANS: B PTS: 1

12. The application phase of innovation project management is concerned with:

ANS: D PTS: 1

13. Post project review of innovation project management is concerned with:

a.
identifying strategic gaps the firm faced
b.
developing basic framework of relevant concepts of the project
c.
beginning actual design of the project
d.
installing/releasing new product or process
e.
seeing if what was intended is accomplished

ANS: E PTS: 1

14. Often post project review is overlooked for all of the following reasons except:

a.
documentation has not been well maintained
b.
too many individuals do not want to move to next project since it means learning a new job
c.
there are barriers to sharing knowledge
d.
team members act as individuals rather than closing team activities
e.
management does not allow time for post project review

ANS: B PTS: 1

15. Post project review reports should do all of the following except:

a.
include an overview of project
b.
include a summary of major accomplishments
c.
include a final accounting of all budgets
d.
include lessons learned
e.
include acknowledgement that all goals were met

ANS: E PTS: 1

SHORT ANSWER

1. Discuss the steps in an innovation project management.

ANS:

·
Gap identification – strategic gaps the firm faces are identified
·
Concept phase – developing basic framework of relevant concepts to the project are developed
·
Definition phase – the what, when, and who of the task are defined
·
Design phase – actual design of the project begins
·
Development phase – implementation of the project begins
·
Application phase – installing/releasing new product or process
·
Post project review – seeing if accomplished what intended

PTS: 1