C722 Project Management (PA)
Exam Study Guide – Practice
Questions with Verified
Answers. GRADED A+. Latest
2026/2027 Update
A firm begins its strategic business initiative of developing a new business model
that will allow the firm to deliver an efficient, tailored service to its customers. To
accomplish this, the firm initiates a business management project. Which aspect
of project management applies to this firm's project?
a) External Environment
b) Interdependent Tasks
c) Regulatory Concept
d) Independent Operations - answer✔✔ - b) Interdependent Tasks
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 - answer✔✔ - 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 - answer✔✔ - c) Project sponsor
Which group is included in the five process groups? - answer✔✔ - Closing process
group
What does PRINCE2 stand for? - answer✔✔ - Projects IN a controlled environment
Which PMBOK process group is described as the delivery part of project
management where the main activity happens? - answer✔✔ - Executing
What advantage does the functional (departmentalized) organizations structure
provide for a firm with multiple projects? - answer✔✔ - Lines of authority are
clear.
, Which two organizations are examples of organizations with the functional
organization structure? Choose 2 answers - answer✔✔ - 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 - answer✔✔ - 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? - correct answer
<<<<<💕💕💕✔✔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.
Exam Study Guide – Practice
Questions with Verified
Answers. GRADED A+. Latest
2026/2027 Update
A firm begins its strategic business initiative of developing a new business model
that will allow the firm to deliver an efficient, tailored service to its customers. To
accomplish this, the firm initiates a business management project. Which aspect
of project management applies to this firm's project?
a) External Environment
b) Interdependent Tasks
c) Regulatory Concept
d) Independent Operations - answer✔✔ - b) Interdependent Tasks
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 - answer✔✔ - 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 - answer✔✔ - c) Project sponsor
Which group is included in the five process groups? - answer✔✔ - Closing process
group
What does PRINCE2 stand for? - answer✔✔ - Projects IN a controlled environment
Which PMBOK process group is described as the delivery part of project
management where the main activity happens? - answer✔✔ - Executing
What advantage does the functional (departmentalized) organizations structure
provide for a firm with multiple projects? - answer✔✔ - Lines of authority are
clear.
, Which two organizations are examples of organizations with the functional
organization structure? Choose 2 answers - answer✔✔ - 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 - answer✔✔ - 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? - correct answer
<<<<<💕💕💕✔✔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.
