C722 Pre-Assessment – Project Management (PHEO)

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? YOUR ANSW ER CORRE CT ANSW ER Independent operations Interdependent tasks Regulatory concept External environment 2. 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? YOUR ANSW ER CORRE CT ANSW ER Timely payment of liabilities Liaison with regulatory agencies Improvement in product design Environmental scanning 3. 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 stakeholder would have triggered this strategic business initiative? YOUR ANSW ER CORRE CT ANSW ER Director of operations Production supervisor Project sponsor YOUR ANSW ER CORRE CT ANSW ER Financial controller Project Management and the Project Manager 4. Which group is included in the five process groups? YOUR ANSW ER CORRE CT ANSW ER Risk process group Closing process group Communication process group Quality process group 5. What does PRINCE2 stand for? YOUR ANSW ER CORRE CT ANSW ER PRoject INsights for CompEtitiveness PRojects IN a Competitive Environment PRoject INsights and CompEtencies PRojects IN a Controlled Environment 6. Which PMBOK process group is described as the delivery part of project management where the main activity happens? YOUR ANSW ER CORRE CT ANSW ER Planning Executing Controlling Closing Organizational Structures 7. Which advantage does the functional (departmentalized) organizational structure provide for a firm with multiple projects? YOUR ANSW ER CORRE CT ANSW ER Lines of authority are clear. The project customer is the only focus. It is efficient for collaboration and cooperation between departments. Each project is managed holistically.