PMG202c Course 2 Study Guide Exam.

PMG202c Course 2 Study Guide Exam. 1. Why is it important to initiate a project? Select all that apply. a. Determine if the project's benefits outweigh the costs b. Provide a strong foundation and set the stage for success c. Solidify the scope of a project d. Help the project manager establish a good reputation - CORRECT ANSWER a, b, c 2. What two questions can a project manager ask to determine a project's costs? a. What value will the project create? b. How will the user experience be improved? c. What are the ongoing project costs? d. How much time will people have to spend on the project? - CORRECT ANSWER c, d 3. Fill in the blank: _____ are the first thing a project manager needs to consider during the initiation phase. a. Goals b. Resources c. Planning d. Success criteria - CORRECT ANSWER a 4. Imagine you're the project manager of a new grocery delivery service. You meet with the owners to discuss what outcomes they'd like to ultimately achieve with the project. Which project initiation component are you trying to determine? a. Resources b. Budget c. Scope d. Goals - CORRECT ANSWER d Question 4 Imagine you're the project manager of a new grocery delivery service. You meet with stakeholders to set an overarching framework of what is and is not included in the project statement of work and deliverables. Which project initiation component are you trying to determine? a. Project charter b. Scope c. Resources d. Success criteria - CORRECT ANSWER b 4. Imagine that the main supplier for a construction project runs out of steel girders and needs to obtain more to complete the order. Which key component of project initiation does this scenario concern? a. Goals b. Scope c. Deliverables d. Resources - CORRECT ANSWER d Question 5 What term refers to the budget, people, materials, and other items necessary to complete a project? a. Success criteria b. Scope c. Deliverables d. Resources - CORRECT ANSWER d A project charter adds value to projects in what three ways? a. Includes a plan to mitigate potential risks b. Sets up a framework for what project work the team needs to do c. Helps project managers communicate project details to others d. Allows project managers to get organized - CORRECT ANSWER b, c, d Question 7 Which of the following could be considered intangible benefits? Select all that apply. a. Customer satisfaction b. Income earned c. Brand perception d. Employee satisfaction - CORRECT ANSWER a, c, d Fill in the blank: _____ are gains that are not quantifiable. a. Yearly profits b. Intangible benefits c. Ongoing costs d. Quarterly income - CORRECT ANSWER b