PMP CERTIFICATION ELITE REVIEW
COMPREHENSIVE STUDY GUIDE WITH SOLVED
QUESTIONS
‣ The opportunity cost is defined as the value of a proposed project
selected. True or false? Answer: False
‣ . Which three of the following are essential for managing change in
an organization? (Choose three)
a. Managing changes in an organization requires different strategies
depending on the circumstances, people involved, and timing.
b. Change management is an essential capability and a significant
professional practice in its own right.
c. It is important to have a robust theory and approach to change
management to support the business goals, objectives,
opportunities, and needs.
d. A change control board should be established to approve or reject
proposed changes to a project's scope, schedule, or cost. Answer: a.
Managing changes in an organization requires different strategies
depending on the circumstances, people involved, and timing.
,b. Change management is an essential capability and a significant
professional practice in its own right.
c. It is important to have a robust theory and approach to change
management to support the business goals, objectives,
opportunities, and needs.
‣ Is the following statement true or false?
Enterprise environmental factors (EEFs) are conditions either
internal or external to the organization that are not under the
control of the project team, which can influence, constrain, or direct
the project at the organizational, portfolio, program, or project level.
Answer: True
‣ Which three of the following are examples of external enterprise
environmental factors (EEFs)? (Choose three)
a. Economy
b. Government or industry standards
c. Employee capability
d. Legal restrictions Answer: a. Economy
b. Government or industry standards
d. Legal restrictions
,‣ Which of the following is a financial tool that calculates the present
value of all cash outflows minus the present value of all cash
inflows?
a. Internal rate of return
b. Net present value
c. Benefit cost value
d. Return on investment Answer: Net Present Value
‣ Which of the following are effective guidelines for measuring
project compliance?
a. Tracking work completed in a Gantt chart
b. Using quality assurance outputs to confirm deliverable and
process compliance and identify the needs for corrective actions
c. Prioritizing effort using a Moscow analysis
d. Reporting progress by conducting a sprint review and
demonstration Answer: Using quality assurance outputs to confirm
deliverable and process compliance and identify the needs for
corrective actions
‣ In a multiphase project, which two of the following terms refers to
a decision to continue with the next phase or to end the project?
(Choose two)
, a. Kill point
b. Phase gate
c. Threshold
d. Go/no go point Answer: Kill Point
Phase Gate
‣ In a large organization that utilizes a project management office
(PMO), who is responsible for managing the governance of projects?
a. The project managers of the individual projects within the PMO
b. The PMO
c. The organization's governance committee
d. The organization's change control board Answer: The PMO
‣ Is the following statement true or false?
Predictive projects are plan driven, while adaptive projects focus on
team collaboration with stakeholders or customers to determine the
project need by writing user stories and hybrid projects can
combine or switch predictive or adaptive approaches as necessary.
Answer: True
‣ What does it mean if an "R" is next to your name in a RACI chart?
COMPREHENSIVE STUDY GUIDE WITH SOLVED
QUESTIONS
‣ The opportunity cost is defined as the value of a proposed project
selected. True or false? Answer: False
‣ . Which three of the following are essential for managing change in
an organization? (Choose three)
a. Managing changes in an organization requires different strategies
depending on the circumstances, people involved, and timing.
b. Change management is an essential capability and a significant
professional practice in its own right.
c. It is important to have a robust theory and approach to change
management to support the business goals, objectives,
opportunities, and needs.
d. A change control board should be established to approve or reject
proposed changes to a project's scope, schedule, or cost. Answer: a.
Managing changes in an organization requires different strategies
depending on the circumstances, people involved, and timing.
,b. Change management is an essential capability and a significant
professional practice in its own right.
c. It is important to have a robust theory and approach to change
management to support the business goals, objectives,
opportunities, and needs.
‣ Is the following statement true or false?
Enterprise environmental factors (EEFs) are conditions either
internal or external to the organization that are not under the
control of the project team, which can influence, constrain, or direct
the project at the organizational, portfolio, program, or project level.
Answer: True
‣ Which three of the following are examples of external enterprise
environmental factors (EEFs)? (Choose three)
a. Economy
b. Government or industry standards
c. Employee capability
d. Legal restrictions Answer: a. Economy
b. Government or industry standards
d. Legal restrictions
,‣ Which of the following is a financial tool that calculates the present
value of all cash outflows minus the present value of all cash
inflows?
a. Internal rate of return
b. Net present value
c. Benefit cost value
d. Return on investment Answer: Net Present Value
‣ Which of the following are effective guidelines for measuring
project compliance?
a. Tracking work completed in a Gantt chart
b. Using quality assurance outputs to confirm deliverable and
process compliance and identify the needs for corrective actions
c. Prioritizing effort using a Moscow analysis
d. Reporting progress by conducting a sprint review and
demonstration Answer: Using quality assurance outputs to confirm
deliverable and process compliance and identify the needs for
corrective actions
‣ In a multiphase project, which two of the following terms refers to
a decision to continue with the next phase or to end the project?
(Choose two)
, a. Kill point
b. Phase gate
c. Threshold
d. Go/no go point Answer: Kill Point
Phase Gate
‣ In a large organization that utilizes a project management office
(PMO), who is responsible for managing the governance of projects?
a. The project managers of the individual projects within the PMO
b. The PMO
c. The organization's governance committee
d. The organization's change control board Answer: The PMO
‣ Is the following statement true or false?
Predictive projects are plan driven, while adaptive projects focus on
team collaboration with stakeholders or customers to determine the
project need by writing user stories and hybrid projects can
combine or switch predictive or adaptive approaches as necessary.
Answer: True
‣ What does it mean if an "R" is next to your name in a RACI chart?
