C722 Practice Test 2 Questions
with Accurate Answers
_______________________is defined as the total dollar budget of the
work that has been completed. correct answer Budget at Completion
_____________________is based on the baseline budgeted cost of
each activity. correct answer Earned Value
A chain of grocery stores undertakes a project to replace card readers
in their checkout lines with a new technology consistent with current
banking regulations and encryption standards since the old technology
is being phased out by their bank. What project selection model is
being utilized in this situation? correct answer Operating necessity
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? correct answer 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. To accomplish this, the firm initiates a business
management project.Which aspect of project management applies to
this firm's project? correct answer Interdependent tasks
,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? correct answer
Improvement in product design
A general contractor is managing a construction project that will add a
new conference room to an existing office building. The project was
documented in a fixed-price contract that specified a completion date.
The contract includes a damages clause imposing a late completion
penalty if the conference room is not ready for use by the due date.
One month into the implementation, the customer wants to modify the
room's lighting equipment. The requested change will delay the
project's critical path by three months.Which process should be used to
maintain the existing baseline? correct answer Using a change
management system to influence performance
A large construction project to build apartments to house athletes for
the upcoming Olympic games is underway. If anything starts getting off
track, which triple constraint would not be appropriate to adjust?
correct answer Time
A manufacturing company is reviewing potential projects for the
coming year based on the CEO's request to reduce overhead costs.
Which of the following projects would best align with the company's
desired business strategy? correct answer Replacing warehouse lighting
with higher efficiency bulbs and motion sensors
, A new project manager is taking over for the previous PM who is no
longer with the company. As she starts getting to know the project
team, which of the following tools would give the new PM the best
snapshot of who all the project team members are and their individual
roles on the project? correct answer Resource responsibility matrix
A new project team is made up of people from several different
departments. Due to the way workspaces are designed and the number
of project team members, there is no space large enough for all team
members to meet together in their weekly meetings. What type of risk
is this? correct answer Organizational
A newly established PMO asks management, employees, and project
management staff to submit questions to be used as criteria for
prioritizing projects. They plan to use all submitted questions and
weight them based on how many people submit the same question.
What is the benefit of using this approach? correct answer Project
impact to all departments will be considered
A newly established PMO asks management, employees, and project
management staff to submit questions to be used as criteria for
prioritizing projects. They plan to use all submitted questions and
weight them based on how many people submit the same question.
What type of project selection model is being used? correct answer
Checklist
with Accurate Answers
_______________________is defined as the total dollar budget of the
work that has been completed. correct answer Budget at Completion
_____________________is based on the baseline budgeted cost of
each activity. correct answer Earned Value
A chain of grocery stores undertakes a project to replace card readers
in their checkout lines with a new technology consistent with current
banking regulations and encryption standards since the old technology
is being phased out by their bank. What project selection model is
being utilized in this situation? correct answer Operating necessity
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? correct answer 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. To accomplish this, the firm initiates a business
management project.Which aspect of project management applies to
this firm's project? correct answer Interdependent tasks
,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? correct answer
Improvement in product design
A general contractor is managing a construction project that will add a
new conference room to an existing office building. The project was
documented in a fixed-price contract that specified a completion date.
The contract includes a damages clause imposing a late completion
penalty if the conference room is not ready for use by the due date.
One month into the implementation, the customer wants to modify the
room's lighting equipment. The requested change will delay the
project's critical path by three months.Which process should be used to
maintain the existing baseline? correct answer Using a change
management system to influence performance
A large construction project to build apartments to house athletes for
the upcoming Olympic games is underway. If anything starts getting off
track, which triple constraint would not be appropriate to adjust?
correct answer Time
A manufacturing company is reviewing potential projects for the
coming year based on the CEO's request to reduce overhead costs.
Which of the following projects would best align with the company's
desired business strategy? correct answer Replacing warehouse lighting
with higher efficiency bulbs and motion sensors
, A new project manager is taking over for the previous PM who is no
longer with the company. As she starts getting to know the project
team, which of the following tools would give the new PM the best
snapshot of who all the project team members are and their individual
roles on the project? correct answer Resource responsibility matrix
A new project team is made up of people from several different
departments. Due to the way workspaces are designed and the number
of project team members, there is no space large enough for all team
members to meet together in their weekly meetings. What type of risk
is this? correct answer Organizational
A newly established PMO asks management, employees, and project
management staff to submit questions to be used as criteria for
prioritizing projects. They plan to use all submitted questions and
weight them based on how many people submit the same question.
What is the benefit of using this approach? correct answer Project
impact to all departments will be considered
A newly established PMO asks management, employees, and project
management staff to submit questions to be used as criteria for
prioritizing projects. They plan to use all submitted questions and
weight them based on how many people submit the same question.
What type of project selection model is being used? correct answer
Checklist
