CAPM/PMP Chapter 1 Questions and answers with rationales. 100% verified accurate. Graded A

CAPM/PMP Chapter 1 Questions and answers with rationales. 100% verified accurate. Graded A You'll need to recognize project management terms and be able to apply them in your CAPM or PMP examination. A series of activities to create a unique product or service by a specific date is best described as which one of the following? A. A program B. An operation C. A project D. A subproject - C. A project is a temporary endeavor to create a unique product, service, or result. Deadlines and cost constraints are tied to the project. A is incorrect because programs are a collection of projects working toward a common cause. B is incorrect because operations are ongoing activities of an organization. D, a subproject, describes a project that is part of and supports a larger project, so it is also incorrect. Ben is a new employee in your organization and he's been assigned to your project team. Ben doesn't understand why he is on your project team because he thinks everything is part of the organization's day-to-day operations. Which of the following is likely to be part of an operation? A. Providing electricity to a community B. Designing an electrical grid for a new community C. Building a new dam as a source of electricity D. Informing the public about changes at the electrical company - A. Providing electricity to a community is the best example of operations because it is an ongoing activity. B, C, and D are all examples of projects, as they are temporary and create a unique product, service, or result. You are the project manager of the HBH Project to install 40 new servers for your company network. You recommend, as part of your project planning, using progressive elaboration. Some of the project team members are confused on this concept. Of the following, which one is the best example of progressive elaboration? A. It is the process of decomposing the work into small, manageable tasks. B. It is the process of taking a project from concept to completion. C. It is the process of taking a project concept to a project budget. D. It is the process of identifying the business needs of a potential project. - B. According to the PMBOK, progressive elaboration means developing in steps and then continuing by increments. Choice A describes the process of breaking down the project scope into the task list. C is not a valid choice for this question. D is part of determining if a project should be chartered and thus is not the best answer for this question. Your organization would like to create a new product based on market research. This new product will be created by a project. This is an example of which one of the following reasons to launch a new project? A. Organizational need B. Customer request C. Market demand D. Legal requirement - C. Projects can be created for a number of reasons, and this example supports the market demand choice. A, an organizational need, is a project to satisfy an internal need. B is incorrect because no specific customer asked for this new product. D is incorrect because there is no legal requirement to create the new product. Your organization utilizes projects, programs, and portfolios. Some of the project team members are confused on what a program is. A program is which one of the following? A. A very large, complex project B. A collection of small projects with a common goal C. A collection of projects with a common objective D. A collection of subprojects with a common customer - A program is a collection of projects working together to gain benefits by managing the projects as a group rather than on an individual basis. A, B, and D are not attributes of programs because projects within a program neither are necessarily small nor are they subprojects. Sam and Sarah are in a heated discussion over a new program in the organization. They are trying to determine who will make the tactical decisions in the projects within the program. Who manages programs? A. Management B. Project sponsors C. Project managers D. Program managers - D. Programs are managed by program managers. A, B, and C are incorrect choices. You have an excellent idea for a new project that can increase productivity by 20 percent in your organization. Management, however, declines to approve the proposed project because too many resources are already devoted to other projects. You have just experienced what? A. Parametric modeling B. Management by exception C. Project portfolio management D. Management reserve - C. Project portfolio management is the management, selection, and assignment of projects that support an organization's business objectives. A, B, and D are not valid answers. While the project manager must balance risks, resources, and other aspects of the project, one of the fundamental concepts is the Iron Triangle. Of the following, which is not part of the Iron Triangle? A. Quality B. Time C. Scope D. Cost - A. Quality, while important, is not part of the Iron Triangle of Project Management. B, C, and D make up the Iron Triangle. Holly is a new project manager and she's working toward her CAPM certification. She is having some trouble understanding which processes she should implement in her new project based on the available processes in the PMBOK Guide. Of the following, which statement is correct?