questions and answers Graded A+
Interdependent tasks - ✅✅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?
Independent operations
Interdependent tasks
Regulatory concept
External environment
Improvement in product design - ✅✅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?
Timely payment of liabilities
Liaison with regulatory agencies
Improvement in product design
Environmental scanning
,Project Sponsor - ✅✅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.
Which stakeholder would have triggered this strategic business initiative?
Director of operations
Production supervisor
Project sponsor
Financial controller
Closing process group - ✅✅Which group is included in the five process groups?
Risk process group
Closing process group
Communication process group
Quality process group
PRojects IN a Controlled Environments (PRINCE2) - ✅✅What does PRINCE2
stand for?
PRoject Insights for CompEtiveness
PRojects IN a Competitive Environment
PRoject INsights and CompEtencies
PRojects IN a Controlled Environment
,Executing - ✅✅Which PMBOK process group is described as the delivery part
of project management where the main activity happens?
Planning
Executing
Controlling
Closing
Lines of authority are clear - ✅✅Which advantage does the functional
(departmentalized) organizational structure provide for a firm with multiple
projects?
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.
The US Department of State
The US Department of Energy - ✅✅Which two organizations are examples of
organizations with the functional organizational structure?
Microsoft
The US Department of State
The US National Aeronautics and Space Administration (NASA)
, The US Department of Energy
Google Inc.
Project team members gain access to historical data from other projects. -
✅✅An organization expects to use a project managemnt office (PMO) to
support multiple projects that wil be implemented withing a projectized
organizationla structure.
Which implied effect is a benefit to this organization?
Project team members retain their functional responsibilities.
Project team members become full-time employees.
Project team members gain access to the newest technologies and skill sets.
Project team members gain access to historical data from other projects.
Projects will coordinate resource usage by monitoring the status of shared
resources. - ✅✅Regardless of the organizational structure used to manage a
project, an organizatioin elects to use a project management office (PMO).
Which benefit will this organization gain?
Projects will coordinate resource usage by monitoring the status of shared
resources.
Projects will define the organization's corporate strategy in the project charter.
Projects will receive a 10% managerial reserve fund to cover warranty back
charges.