You are the project manager for your company’s upcoming move. Several departments in your company are moving to a new building.
You are the project manager for your company’s upcoming move. Several departments in your company are moving to a new building. You’ve completed the Initiation process for this project and know that the next set of processes for this project will occur in which order?
•Planning, Monitoring and Controlling, Executing, Closing
•Monitoring and Controlling, Planning, Executing, Closing
•Executing, Planning, Monitoring and Controlling, Closing
•Planning, Executing, Monitoring and Controlling, Closing
2You are a project manager for a pharmaceutical company. You are responsible for acquiring and assigning resources to your projects and for making all of the day-to-day decisions regarding project issues. You report to a manager who also manages four other project managers. What type of organizational structure is this?
•Strong Matrix
•Balanced Matrix
•Functional
•Weak Matrix
3Your company is introducing a new product for the holiday season. This new product will be offered on the company web site and in the mail order catalog. You will use incremental steps to help you refine the characteristics of the product. Which of the following will you perform to determine the characteristics and features of the new product?
•Iteration
•Progressive elaboration
•Earned value analysis
•Requirements analysis
4You are a project leader responsible for upgrading and installing three of your company’s servers. Because of your expertise, you are also responsible for answering and resolving escalated calls from the help desk. What type of organization do you work in?
•Weak Matrix
•Project-based
•Functional
•Balanced Matrix
5Choose this project life cycle approach when active participation of your stakeholders is required throughout the project and you work in a changing environment where the project requirements may change.
•Waterfall
•Hybrid
•Adaptive
•Predictive
6This role coordinates the work of the sprints and keeps distractions from the team members. They assist in maintaining the backlog, prioritizing work, and defining when the work is done.
•Project manager
• Product owner
•Project team members
•Scrum master
7Which of the following are the processes in the Project Communications Management knowledge area?
•Plan Communications Management, Manage Communications, Develop Project Management Plan, and Monitor Communications
•Plan Communications Management, Manage Communications, Develop Project Management Plan, Monitor Communications, and Close Project or Phase
•Plan Communications Management, Manage Communications, and Monitor Communications
•Plan Communications Management, Manage Communications, Direct and Manage Project Work, and Monitor Communications
8According to the PMBOK® Guide, each of the following is a type of need or demand that brings about a project except:
•Marketing demand
•Social need
•Legal requirement
•Stakeholder demand
9Your selection committee is trying to decide between two projects. Funds exist to undertake only one of the projects. You know that all of the following are true except:
•Project selection methods are a tool and technique of the Initiation process.
•IRR is the discount rate when NPV equals zero.
•The discounted cash flow technique evaluates the cash inflows for each period and compares this to the initial investment.
•Payback period is the least precise of all the cash flow calculations used to select projects.
10Your project was selected and approved by the selection committee. Your next step is to create a project charter. All of the following are true regarding project charters except:
•The charter describes the business need of the project.
•The charter includes a product description of the product of the project.
•The charter recognizes the existence of the project and commits organizational resources to the project.
•The charter is published by the project manager and signed by the sponsor and stakeholders.
11You’ve been asked to prepare a cash flow analysis for the project your selection committee is considering assigning to your project team. The project cost is $148,000. The expected inflows are $80,000 the first year, $15,000 per quarter the second year, and $8,000 per quarter thereafter. What is the payback period?
•28 months
•27 months
•25 months
•24 months
12Your selection committee has determined they have the funds to apply resources to two projects. Project A will cost $164,000. Its expected inflows are $25,000 per quarter the first year and $32,000 per quarter thereafter. The IRR for Project A is 23 percent. Project B has a payback period of 19 months and its IRR is 26 percent. The selection committee has decided that company resources should be applied to the most valuable project first. How should the projects be prioritized?
•Project B should be first because its IRR is higher than Project A’s.
•Project B should be first because its payback period is shorter than Project A’s.
•Project A should be first because its IRR value is lower than Project B’s.
•Project A should be first because its payback period is shorter than Project B’s.
13You’ve prepared the following analysis for two different projects for review by the selection committee. Project A’s payback period is 8 months and its NPV is –27. Project B’s payback period is 10 months and its NPV is 150. Which project should the selection committee pick?
•Project A, because its NPV is lower than Project B’s.
•Project B, because its NPV is highest and there is less than six months difference between payback periods.
•Project B, because its NPV is a positive value.
•Project A, because its payback period is shorter than Project B’s payback period.
14Project selection methods are used to help choose and prioritize between projects, or determine if a project is worth pursuing. Which of the following describe the selection methods you might use during the Initiation process?
•Constrained optimization methods, which use analysis and comparative approaches, and benefit measurement methods, which are mathematical formulas
•Mathematical analysis methods, which use mathematical formulas, and benefit/cost analysis, which uses analysis and comparative approaches
•Mathematical analysis methods, which use mathematical formulas, and benefit/cost analysis which uses mathematical formulas
•Constrained optimization methods, which are mathematical formulas, and benefit measurement methods, which use analysis and comparative approaches
•15 This document, an input to the Develop Project Charter process, outlines the intended benefits of performing the project, how the benefits will be measured, and how they will be obtained.
•Feasibility study
•Benefits management plan
•Project charter
•Business case
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