Objective Assessment Study Guide Questions
With Correct Answers
A firm begins its strategic business initiative of developing a new business
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model that will allow the firm to deliver an efficient, tailored service to its
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customers. To accomplish this, the firm initiates a business management
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project. Which aspect of project management applies to this firm's project?
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Independent operations |
Interdependent tasks |
Regulatory concept |
External environment
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Interdependent Tasks |
A firm begins its strategic business initiative of developing a new business
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model to enhance its competitiveness. What can be identified as a strategic
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business initiative for this firm?
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Timely payment of liabilities
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Liaison with regulatory agencies
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Improvement in product design | | |
Environmental scanning |
Improvement in product design | | |
A firm begins a strategic business initiative of developing a new business model
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that will allow the firm to deliver an efficient, tailored service to its customers.
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,Director of operations | |
Production supervisor |
Project sponsor |
Financial controller |
Project sponsor |
Which group is included in the five process groups?
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Risk process group
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Closing process group
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Communication process group | |
Quality process group
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Closing process group
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What does PRINCE2 stand for?
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PRoject INsights for CompEtitiveness
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PRojects IN a Competitive
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Environment
PRoject INsights and CompEtencies
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PRojects IN a Controlled| | | |
Environment
PRojects IN a Controlled Environment
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Which PMBOK process group is described as the delivery part of project
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management where the main activity happens? | | | | |
Planning
Executing
Controlling
,Closing
Executing
Which advantage does the functional (departmentalized) organizational
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structure provide for a firm with multiple projects?
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Lines of authority are clear.
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The project customer is the only focus.
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It is efficient for collaboration and cooperation between departments.
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Each project is managed holistically.
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Lines of authority are clear.
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Which two organizations are examples of organizations with the functional
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organizational structure? |
Microsoft
The U.S. Department of State
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The U.S. National Aeronautics and Space Administration (NASA)
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The U.S Department of Energy
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Google Inc. |
(1) The U.S. Department of State and (2) The U.S Department of Energy
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An organization expects to use a project management office (PMO) to support
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multiple projects that will be implemented within a projectized organizational
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structure. Which implied effect is a benefit to this organization?
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Project team members retain their functional responsibilities.
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Project team members become full-time employees.
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Project team members gain access to the newest technologies and skill sets.
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Project team members gain access to historical data from other projects.
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, Project team members gain access to historical data from other projects.
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Regardless of the organizational structure used to manage a project, an
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organization elects to use a project management office (PMO). Which benefit
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will this organization gain?
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Projects will coordinate resource usage by monitoring the status of shared
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resources.
Projects will define the organization's corporate strategy in the project charter.
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Projects will receive a 10% managerial reserve fund to cover warranty back
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charges.
Projects will eliminate the costs incurred from having to follow corporate
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procedures.
Projects will coordinate resource usage by monitoring the status of shared
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resources.
During a certain project phase, specific blueprints are drawn and approved,
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materials and labor costs are estimated, prototypes are created, and work
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activities and tasks are identified. Also, quality expectations, measurements,
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and costs are defined. During which project phase do these activities occur?
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Defining
Planning
Executing
Closing
Planning
Place the project activities in order of occurrence from first (1) to last (5).
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(1) Collecting customer requirements (2) Developing the work breakdown
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structure (3) Working to produce project deliverables (4) Customers evaluating
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the project outcomes (5) Capturing lessons learned
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