Objective Assessment Study Guide questions with ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
verified answers ||\\//||
A firm begins its strategic business initiative of developing a new business model that will
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allow the firm to deliver an efficient, tailored service to its customers. To accomplish this,
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the firm initiates a business management project. Which aspect of project management
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applies to this firm's project? ||\\//|| ||\\//|| ||\\//|| ||\\//||
Independent operations ||\\//||
Interdependent tasks ||\\//||
Regulatory concept ||\\//||
External environment ||\\//||
Interdependent Tasks ||\\//||
A firm begins its strategic business initiative of developing a new business model to
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enhance its competitiveness. What can be identified as a strategic business initiative for this
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firm?
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Timely payment of liabilities ||\\//|| ||\\//|| ||\\//||
Liaison with regulatory agencies ||\\//|| ||\\//|| ||\\//||
Improvement in product design ||\\//|| ||\\//|| ||\\//||
Environmental scanning ||\\//||
Improvement in product design ||\\//|| ||\\//|| ||\\//||
A firm begins a strategic business initiative of developing a new business model that will
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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 ||\\//|| ||\\//||
Communication process group ||\\//|| ||\\//||
Quality process group ||\\//|| ||\\//||
Closing process group ||\\//|| ||\\//||
What does PRINCE2 stand for?
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PRoject INsights for CompEtitiveness ||\\//|| ||\\//|| ||\\//||
PRojects IN a Competitive ||\\//|| ||\\//|| ||\\//|| ||\\//||
Environment
PRoject INsights and CompEtencies ||\\//|| ||\\//|| ||\\//||
PRojects IN a Controlled ||\\//|| ||\\//|| ||\\//|| ||\\//||
Environment
PRojects IN a Controlled Environment ||\\//|| ||\\//|| ||\\//|| ||\\//||
Which PMBOK process group is described as the delivery part of project management
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where the main activity happens? ||\\//|| ||\\//|| ||\\//|| ||\\//||
Planning
Executing
Controlling
Closing
Executing
Which advantage does the functional (departmentalized) organizational structure provide
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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. ||\\//|| ||\\//|| ||\\//|| ||\\//||
Lines of authority are clear. ||\\//|| ||\\//|| ||\\//|| ||\\//||
Which two organizations are examples of organizations with the functional organizational
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structure?
Microsoft
The U.S. Department of State ||\\//|| ||\\//|| ||\\//|| ||\\//||
The U.S. National Aeronautics and Space Administration (NASA)
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The U.S Department of Energy ||\\//|| ||\\//|| ||\\//|| ||\\//||
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 multiple
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projects that will be implemented within a projectized organizational structure. Which
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implied effect is a benefit to this organization? ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Project team members retain their functional responsibilities. ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Project team members become full-time employees. ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
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 organization elects ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
to use a project management office (PMO). Which benefit will this organization gain?
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Projects will coordinate resource usage by monitoring the status of shared resources. ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Projects will define the organization's corporate strategy in the project charter. ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Projects will receive a 10% managerial reserve fund to cover warranty back charges. ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Projects will eliminate the costs incurred from having to follow corporate procedures. ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
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
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labor costs are estimated, prototypes are created, and work activities and tasks are
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identified. Also, quality expectations, measurements, and costs are defined. During which
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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 structure (3)
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Working to produce project deliverables (4) Customers evaluating the project outcomes (5)
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Capturing lessons learned ||\\//|| ||\\//||
During which life cycle phase is the vast majority of the actual work to produce the project's
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deliverables completed?
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Defining
Planning
Executing
Closing
Executing
What is the correct term for an intermediate outcome of project work, such as a signed
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contract or obtaining a construction permit? ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Deadline
Procurement
Statement of work ||\\//|| ||\\//||
Deliverable
Deliverable