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During which of the following project development life cycles are the project
scope, schedule and budget determined in the early phases of the life cycle?
Predictive Life Cycle
Which of the following is the correct definition of a project management
methodology?
System of practices, techniques, rules and procedures used by those who work in
a discipline
You are helping an organization uplift its project management practices. You
have recommended developing a business case for each of the organizational
projects followed by development of a project benefits management plan. Who
would you recommend to be the owner of the business case?
Project Sponsor
- The project sponsor is generally accountable for the development and
maintenance of the project business case document.
,The finance department in your organization approves a number of capital
projects on an annual basis. These projects are then funded by the finance
department. You are responsible for constructing a new manufacturing facility
that would require construction of a plant, a couple of warehouses and a few
storage and distribution locations across the state. Your role at this organization
is of a:
Program Manager
- Since you are responsible for developing a number of related construction
projects, you are managing a bigger program.
You have been hired by a new startup to develop its process architecture and
define its operating model. The operating model will be used by the business to
manage and run its day-to-day business. Your engagement with this organization
is an example of:
Project
- This is an example of a project. You have a starting point and an end point
(defined and agreed operating model). The later use of the operating model will
be the business' operations but your current engagement is a project as this is a
temporary endeavor.
Which of the following statements regarding Project Management Body of
Knowledge (PMBOK) is incorrect?
The PMO's PMBOK Guide contains the entire Project Management Body of
Knowledge
,You have recently helped an organization define its future state operating model.
This will be a significant shift from the current state and will involve significant
change. Which of the following would be your recommendation to the
management?
Create a transition state between the current and future state.
What does PMP stand for?
Project Management Professional
When was PMI founded?
1969
Why should project managers become certified?
- gives you higher income potential
- proves you know international standards
- it's required by a growing number of employers
What is the minimum required score of the PMP Exam?
61% or 106 out of 175 questions
, What % of questions are a direct quote from the PMBOK Guide?
0%
You are setting up a PMO in your organization. The PMO will not only be
required to provide templates and necessary training to projects, it will ensure
all projects comply with the organizational project management policies and
procedures. However, the PMO will not directly manage the organizational
projects. Which type of PMO are you setting up?
Controlling PMO
Who typically manages project budgets in a multi-divisional organization?
A Functional Manager
In which of the following organization types is the project management
administrative staff usually dedicated full-time to projects?
Strong Matrix
You are leading a project team in a matrix organization. You have found out the
project team members are frequently distracted by their functional managers