MGMT 404 EXAM QUESTIONS WITH
COMPLETE SOLUTIONS
What are organizational process assets?
(a) They are about how the organization runs it projects
(b) They are related to the budget
(c) They are related to team organization
(d) They are how the performing organization does its business - CORRECT ANSWER-✔✔✅(a) They are
about how the organization runs it projects
Which one of the following is not an enterprise environmental factor?
(a) Political climate
(b) Commercial databases
(c) Mandatory project audit guidelines
(d) Industry standards - CORRECT ANSWER-✔✔✅(c) Mandatory project audit guidelines
The project resource availability is at maximum in organizations with the following structure(s):
(a) Multi-divisional
(b) Organic
(c) PMO
(d) Hybrid - CORRECT ANSWER-✔✔✅(c) PMO
Which document is issued to authorize a project?
(a) Project Overview Statement
(b) Project Charter
(c) Project Business Case
(d) Project Benefit Management Plan - CORRECT ANSWER-✔✔✅(b) Project Charter
,Which of the following does not have to be in the project charter?
(a) Communication management plan
(b) Project success criteria
(c) Milestone schedule
(d) Project sponsor name and authority - CORRECT ANSWER-✔✔✅(a) Communication management
plan
Under which organizational structure are resources fully available for project work?
(a) Weak Matrix
(b) Projectized
(c) Strong Matrix
(d) Functional - CORRECT ANSWER-✔✔✅(b) Projectized
What are enterprise environmental factors?
(a) They are about how the organization runs it projects
(b) They are how the performing organization does its business
(c) They are related to team organization
(d) They are related to the budget - CORRECT ANSWER-✔✔✅(b) They are how the performing
organization does its business
Who authorizes the project?
(a) Project manager
(b) CEO
(c) CFO
(d) Project sponsor - CORRECT ANSWER-✔✔✅(d) Project sponsor
We estimate that we will spend $500,000.00 on the project. The benefits the first year are estimated at
$790,000.00. What is the ROI?
(a) 158%
(b) 58%
, (c) $790,000.00
(d) $290,000.00 - CORRECT ANSWER-✔✔✅(b) 58%
We are working on a project X with estimated profit of $65,142.00. We are offered project Y to work on
instead. Project Y has an estimated profit of $80,262.00. What is the opportunity cost of project Y?
(a) $15,120.00
(b) $80,262.00
(c) $65,142.00
(d) No enough information to answer this question - CORRECT ANSWER-✔✔✅(c) $65,142.00
Which of the following is NOT included in the Project Charter
(a) High-level product requirements
(b) Project schedule
(c) Budget summary
(d) High-level risks - CORRECT ANSWER-✔✔✅(b) Project schedule
What is the first process you perform in managing a project?
(a) Conduct Procurements
(b) Develop Project Charter
(c) Identify Stakeholders
(d) Acquire Project Team - CORRECT ANSWER-✔✔✅(b) Develop Project Charter
Which ONE is a major output of the Integration Management Process under Executing?
(a) Approved change requests
(b) Lessons learned register
(c) Work performance reports
(d) Project charter - CORRECT ANSWER-✔✔✅(b) Lessons learned register
COMPLETE SOLUTIONS
What are organizational process assets?
(a) They are about how the organization runs it projects
(b) They are related to the budget
(c) They are related to team organization
(d) They are how the performing organization does its business - CORRECT ANSWER-✔✔✅(a) They are
about how the organization runs it projects
Which one of the following is not an enterprise environmental factor?
(a) Political climate
(b) Commercial databases
(c) Mandatory project audit guidelines
(d) Industry standards - CORRECT ANSWER-✔✔✅(c) Mandatory project audit guidelines
The project resource availability is at maximum in organizations with the following structure(s):
(a) Multi-divisional
(b) Organic
(c) PMO
(d) Hybrid - CORRECT ANSWER-✔✔✅(c) PMO
Which document is issued to authorize a project?
(a) Project Overview Statement
(b) Project Charter
(c) Project Business Case
(d) Project Benefit Management Plan - CORRECT ANSWER-✔✔✅(b) Project Charter
,Which of the following does not have to be in the project charter?
(a) Communication management plan
(b) Project success criteria
(c) Milestone schedule
(d) Project sponsor name and authority - CORRECT ANSWER-✔✔✅(a) Communication management
plan
Under which organizational structure are resources fully available for project work?
(a) Weak Matrix
(b) Projectized
(c) Strong Matrix
(d) Functional - CORRECT ANSWER-✔✔✅(b) Projectized
What are enterprise environmental factors?
(a) They are about how the organization runs it projects
(b) They are how the performing organization does its business
(c) They are related to team organization
(d) They are related to the budget - CORRECT ANSWER-✔✔✅(b) They are how the performing
organization does its business
Who authorizes the project?
(a) Project manager
(b) CEO
(c) CFO
(d) Project sponsor - CORRECT ANSWER-✔✔✅(d) Project sponsor
We estimate that we will spend $500,000.00 on the project. The benefits the first year are estimated at
$790,000.00. What is the ROI?
(a) 158%
(b) 58%
, (c) $790,000.00
(d) $290,000.00 - CORRECT ANSWER-✔✔✅(b) 58%
We are working on a project X with estimated profit of $65,142.00. We are offered project Y to work on
instead. Project Y has an estimated profit of $80,262.00. What is the opportunity cost of project Y?
(a) $15,120.00
(b) $80,262.00
(c) $65,142.00
(d) No enough information to answer this question - CORRECT ANSWER-✔✔✅(c) $65,142.00
Which of the following is NOT included in the Project Charter
(a) High-level product requirements
(b) Project schedule
(c) Budget summary
(d) High-level risks - CORRECT ANSWER-✔✔✅(b) Project schedule
What is the first process you perform in managing a project?
(a) Conduct Procurements
(b) Develop Project Charter
(c) Identify Stakeholders
(d) Acquire Project Team - CORRECT ANSWER-✔✔✅(b) Develop Project Charter
Which ONE is a major output of the Integration Management Process under Executing?
(a) Approved change requests
(b) Lessons learned register
(c) Work performance reports
(d) Project charter - CORRECT ANSWER-✔✔✅(b) Lessons learned register
