ROYAL

COLLEGE ADAMA CAMPUS

DEPARTMENT OF ACCOUNTING & FINANCE

Worksheet I: Project Analysis and Evaluation

For first year Accounting and Finance students
Final Submission Date:

Submitted To: Ins Tewodros B.

Aug 08 2020
Name:______________________________ _________________ Student ID:___________
GENERAL DIRECTION:
 Attempt all questions & Put your answer on provided answer sheet only.
 Don’t use a red pen and/or a pencil for your answer.
 Manage your time properly and submit your answer sheet before the final date
Worksheet I: Project Analysis and Evaluation
I. Write True If the statement is correct else state False
1) Project management is the process of scoping, planning, staffing, organizing, directing, and controlling
the development of an acceptable system at a minimum cost within a specified time frame.
2) A project is considered successful if, (1) the resulting information system is acceptable to the customer;
(2) the system was delivered on time; (3) the system was within budget; and (4) the system development
process had a minimal impact on ongoing business operations.
3) Planning identifies the required tasks to complete the project based on the project goal.
4) A project manager must demonstrate people management skills to coordinate, delegate, motivate, advice,
appraise, and reward team members.
5) The availability of resources, especially people and facilities, can significantly alter the project schedule.
II.Multiple choice question (choose the best answer)
1) Which of the following is NOT a basic function of a project manager?
A) Controlling
B) Programming
C) Scheduling
D) Directing
E) Planning
2) The process of scoping, planning, staffing, organizing, and controlling the development of an
acceptable system at a minimum cost within a specified time frame is:
A) Project Management
B) Process Management
C) Expectations Management Matrix
D) Statement of Work
E) None of these
3) Which of the following is considered a project resource?
 A) People
B) Services
C) Facilities
D) Money
E) all of these
4) Which one of the following statements best describes a project?
A. A project is a set of tools and techniques often used when delivering organizational change.
B. A project is the sum of activities needed to remove uncertainty from a unique piece of work.
C. A unique transient Endeavour undertaken to achieve a desired outcome.
D. A project is a method of planning work.
5) A key aspect of managing a project involves:
A. Defining which operational systems to put in place.
B. Identifying routine tasks.
C. Ensuring ongoing operations are maintained.
D. Planning to achieve defined objectives.
III. Matching
“A” “B”
1) Resource based A. Existence of unused or underutilized natural and human resources &
Projects the perception of opportunity for their efficient use
2) Need Based Projects B. Project ideas emanate when there is a demand for the output of the
project.
3) Demand Based C. project ideas emanate to satisfy social requirements , such as
Projects education, health centers, infrastructure facilities etc
4) Macro level projects D. project ideas esteem from the opportunity to make profitable use of
emanate from available resources
5) Micro level projects E. National sector or Regional plan, constrains the development process
emanate from due to shortage of essential infrastructure facilities