SOLUTION BUNDLED EXAMS GRADED A+
‣ During the initiating stage, which of the following elements will be
identified to meet the project goals?
A. Key deliverable
B. Stakeholders
C. Quality
D. Vendors Answer: Correct Option: A
EXPLANATION
Even though the identification of stakeholders and potential sellers
happens as part of initiating phase through the "identify
stakeholders" process, this will not help to meet the project goals.
Key deliverables help in meeting the project goals. Quality
identification happens during planning.
‣ A car manufacturing company conceptualized a new car that will
be more fuel efficient, ergonomically designed, and that satisfies the
latest safety regulations. This car was recently launched and has
now moved into full-fledged production. This is an example of:
A. Operation, as the company is into car manufacturing, which is an
ongoing process
,B. Project, as this car was conceptualized, designed, and has now
been launched
C. Project, as it has clear scope and requirements in terms of safety
compliance, fuel efficiency, etc.
D. Operation, as this activity didn't create a unique product Answer:
Correct Option: B
EXPLANATION
This is a typical scenario where project intersects with operation
during product life cycle. Notice the word launched. All the activities
before launch of the vehicle are part of a project, which is a
temporary activity with a well-defined unique output. Once the car
moves to production, it becomes an ongoing operation for the
company.
‣ When is the cost highest in the project life cycle?
A. At the initiating phase
B. During planning
C. Midway during the project
D. During closure Answer: Correct Option: C
EXPLANATION
,Project cost peaks in the middle of the project as maximum
resources are utilized during this phase. Project cost is low at the
beginning, peaks midway, and drops rapidly as the project draws to
an end. Initiating, planning, and closing are not part of the project
life cycle and are process groups.
‣ As a part of Stakeholder Management, a Project Manager can
follow all of these management practices, EXCEPT:
A. Identify all the stakeholders and capture them in the project team
directory
B. Ensure that stakeholders' expectations are met and gain support
for the project
C. Give preference to stakeholders over customers in case of conflict
of interest
D. Communicate all relevant information about the project to
stakeholders Answer: Correct Option: C
EXPLANATION
In case of conflict of interest, it should generally be resolved in favor
of the customer or organization who would use the project's product
or service.
‣ After a high-level management meeting, the manager chairing the
meeting asks the Project Manager to document and communicate
, the action items to all the stakeholders. The Project Manager is part
of a ______________ organization structure.
A. Balanced Matrix
B. Weak Matrix
C. Strong Matrix
D. Tight Matrix Answer: Correct Option: B
EXPLANATION
The Project Manager is part of a weak matrix organization and is
playing the role of project expeditor. The project expeditor acts
primarily as staff assistant and communication coordinator. The
expeditor personally cannot make or enforce decisions.
‣ Which of the following activities is part of the initiating phase?
A. Develop stakeholder management plan
B. Conduct benefit analysis with stakeholders to validate project
alignment with organizational strategy and expected business value
C. Validate Scope
D. Conduct kick-off meeting Answer: Correct Option: B
EXPLANATION