PM Training Missed Questions with complete solutions

A good project manager always gathers and documents lessons learned throughout the project lifecycle rather than delaying the effort until the project closure. Which of the following is not a risk associated with postponing the lessons-learned gathering effort until the very end of the project? A. The project manager has fewer resources available. B. The project's earned value decreases. C. Not all lessons learned might get captured. D. The effort might seem boring and non-value-adding. correct answer: B. The project's earned value decreases. The risk of delaying the lessons learned gathering exercise till the very end of the project is that the gathered information might not be complete because the project manager will not have the whole team available rather than those working on the closing phase. Further, this exercise might seem boring and bureaucratic effort. [PMBOK 6th edition, Page 100] Laurence is the PMO manager at ANZ Company. The CEO of the company asked Laurence to review the business requirements and develop the current year's capital management plan. The capital management plan will outline the key business deliverables (capital projects) and will go to the board for final approval. Which of the following organizational artifacts should Laurence review to analyze the business requirements for the current fiscal year? A. Lessons Learned B. Capital budget for the current year C. Organizational Process Assets D. Organizational Strategy correct answer: D. Organizational Strategy Capital planning is the process of budgeting resources for the future of an organization's long term plans. Capital planning for a business would include budgeting for new and replacement machinery, research and development and the production of new products, new plants and other major capital projects. Capital projects can only achieve the organizational goals when they are aligned with the organization's strategy. [PMBOK 6th edition, Page 12] James is managing a shopping mall construction project. During the project execution, he learns the