Which of the following statements is true about project profiling?
A) It promotes the haphazard development of a project execution plan.
B) It is of little, if any, help in selecting an appropriate project manager.
C) The most commonly used attribute in project profiling is location.
D) It summarizes what is known about the attributes of a project.
E) It is the process of extracting the unknown attributes of a project.

Question

Quizplus · Accepted Answer

Project profiling is the process of summarizing what is known about the attributes of a project. It helps in identifying the key characteristics of a project, such as its goals, scope, risks, stakeholders, and constraints, which can guide the development of an appropriate project execution plan. It is also useful in comparing and selecting among multiple projects to determine which ones are most feasible, valuable, and aligned with the organization's strategy. While location can be an important attribute, it is not the most commonly used one, as other factors such as size, complexity, urgency, market demand, and organizational fit may be more relevant. Project profiling does not promote the haphazard development of a project execution plan, but rather provides a structured approach to assess and prioritize project opportunities based on their fit with the organization's vision, mission, and values. Finally, project profiling does not extract the unknown attributes of a project, but rather consolidates and communicates the known attributes to facilitate informed decision-making.

Which of the Following Statements Is True About Project Profiling