Interdependent tasks - correct answer ✔✔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?
Improvement in product design - correct answer ✔✔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?
Project sponsor - correct answer ✔✔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?
Closing process group - correct answer ✔✔Which group is included in the five process groups?
PRojects IN a Controlled Environment - correct answer ✔✔What does PRINCE2 stand for?
Executing - correct answer ✔✔Which PMBOK process group is described as the delivery part of project
management where the main activity happens?
Lines of authority are clear. - correct answer ✔✔Which advantage does the functional
(departmentalized) organizational structure provide for a firm with multiple projects?
The U.S. Department of State & The U.S Department of Energy - correct answer ✔✔Which two
organizations are examples of organizations with the functional organizational structure?
, Project team members gain access to historical data from other projects. - correct answer ✔✔An
organization expects to use a project management office (PMO) to support multiple projects that will be
implemented within a projectized organizational structure.
Which implied effect is a benefit to this organization?
Projects will coordinate resource usage by monitoring the status of shared resources. - correct answer
✔✔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?
Planning - correct answer ✔✔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?
Collecting customer requirements 1
Developing the work breakdown structure 2
Working to produce project deliverable 3
Customers evaluating the project outcomes 4
Capturing lessons learned 5 - correct answer ✔✔Place the project activities in order of occurrence from
first (1) to last (5).
Executing - correct answer ✔✔During which life cycle phase is the vast majority of the actual work to
produce the project's deliverables completed?