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C722 -Project Management- (PA)-Questions with Guaranteed Pass Solutions.

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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

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C722 -Project Management- (PA)-
Questions with Guaranteed Pass
Solutions.
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? - 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.

d) 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 labor
costs are estimated, prototypes are created, and work activities and tasks are identified. Also,
quality expectations, measurements, and costs are defined.

During which project phase do these activities occur? - Answer planning



Place the project activities in order of occurrence from first the last. - Answer 2) Developing
the work breakdown structure

5) Capturing lessons learned

3) Working to produce project deliverables

1) Collecting customer requirements

4) Customers evaluating the project outcomes

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