A firm begins its strategic business initiative of developing a new business model that will allow
the firm to deliver an efficient, tailored service to its customers. To accomplish this, the firm
initiates a business management project.
Which aspect of project management applies to this firm's project? correct answers
Interdependent tasks
A firm begins its strategic business initiative of developing a new business model to enhance its
competitiveness.
What can be identified as a strategic business initiative for this firm? correct answers
Improvement in product design
A firm begins a strategic business initiative of developing a new business model that will allow
the firm to deliver an efficient, tailored service to its customers.
Which stakeholder would have triggered this strategic business initiative? correct answers
Project sponsor
Which group is included in the five process groups? correct answers Closing process group
What does PRINCE2 stand for? correct answers PRojects IN a Controlled Environment
Which PMBOK process group is described as the delivery part of project management where the
main activity happens? correct answers Executing
Which advantage does the functional (departmentalized) organizational structure provide for a
firm with multiple projects? correct answers Lines of authority are clear.
, Which two organizations are examples of organizations with the functional organizational
structure? correct answers The U.S. Department of State & The U.S Department of Energy
An organization expects to use a project management office (PMO) to support multiple projects
that will be implemented within a projectized organizational structure.
Which implied effect is a benefit to this organization? correct answers Project team members
gain access to historical data from other projects.
Regardless of the organizational structure used to manage a project, an organization elects to use
a project management office (PMO).
Which benefit will this organization gain? correct answers Projects will coordinate resource
usage by monitoring the status of shared resources.
During a certain project phase, specific blueprints are drawn and approved, materials and labor
costs are estimated, prototypes are created, and work activities and tasks are identified. Also,
quality expectations, measurements, and costs are defined.
During which project phase do these activities occur? correct answers Planning
Place the project activities in order of occurrence from first (1) to last (5). correct answers
Collecting customer requirements 1
Developing the work breakdown structure 2
Working to produce project deliverable 3
Customers evaluating the project outcomes 4