and Answers | Study Guide | Grade A+
• 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?
a) timely payment of liabilities
b) environments scanning
c) Liaison regulatory agencies
d) Improvement in product design -✓✓d) 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
shareholder would have triggered this strategic business initiative?
a) Production supervisor
b) Financial controller
c) Project sponsor
d) Director of operations -✓✓c) Project sponsor
• Which group is included in the five process groups? -✓✓Closing process group
• What does PRINCE2 stand for? -✓✓Projects IN a controlled environment
• Which PMBOK process group is described as the delivery part of project management
where the main activity happens? -✓✓Executing
• What advantage does the functional (departmentalized) organizations structure
provide for a firm with multiple projects? -✓✓Lines of authority are clear.
• Which two organizations are examples of organizations with the functional
organization structure? Choose 2 answers -✓✓The US Department of Energy
The US Dept. of State
• An organization expects to use a project managements office (PMO) to support
multiple projects that will be implemented within a projectized organizational structure.
Which implied effect is a benefit to this organization?
a) Project team members retain their functional responsibilities.
b) Project team members gain access to historical data from other projects.
c) Project team members gain access to the newest technologies and skill sets.
d) Project team members become full-time employees -✓✓b) Project team members
gain access to historical data from other projects.*
, c) Project team members gain access to the newest technologies and skill sets.
d) Project team members become full-time employees
• 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? -✓✓a) Projects will define the organization's corporate strategy in the project
charter.
b) Projects will receive a 10% managerial reserve fund to cover warranty back charges.
c) Projects will eliminate the costs incurred from having o follow corporate procedures.
d) 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? -✓✓planning
• Place the project activities in order of occurrence from first the last. -✓✓2) Developing
the work breakdown structure
5) Capturing lessons learned
3) Working to produce project deliverables
1) Collecting customer requirements
4) Customers evaluating the project outcomes
• During which life cycle phase is the vast majority of the actual work to produce the
project's deliverables completed? -✓✓executing
• What is the correct term for an intermediate outcome of project work, such a signed
contract or obtaining a construction permit? -✓✓deliverable
• Which deliverable from a work breakdown structure (WBS) is not specific enough to
measure its completion at project closure? -✓✓a) Payment processing hardware
b) Hardware setup
c) User training*
d) User documentation manuals
• The following table shows the Level 1 work breakdown structures (WBS) for project A
What approach did the project manager use to structure the WBS? -✓✓a) Sequence of
project phases*
b) List of deliverables
c) list of project stakeholders
d) enumeration of functional departments