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orrect Answers 2023
g g
Whatgorganizationgisgrecognizedgworldwidegforgsettinggprojectgmanagementgstandards?
AgPMIg(R)
BgPMC
CgCompTIA
DgPMPg-gCorrectgAnswer-PMIg(R)
Yourgprojectghasgexpectedgcashginflowsgofg$1.2gmilliongingyearg1,g$2.4gmilliongingyearg2,g
andg$4.6gmilliongingyearg3.gThegprojectgpaysgforgitselfging23gmonths.gWhichgcashgflowgte
chniquegwasgusedgtogdeterminegthis?
AgPaybackgperiod
BgIRR
CgNPV
DgDiscountedgcashgflowg-gCorrectgAnswer-Paybackgperiod
You'vegbeenggivengangideagforgagprojectgbygangexecutivegingyourgorganization.gAftergwriti
nggthegbusiness-
caseganalysis,gyougsubmitgitgtogthegexecutivegforgreview.gAftergreadinggthegbusinessgcas
e,ghegdeterminesgthatgthegprojectgposesgagsignificantgamountgofgriskgtogthegorganization.
gWhatgdogyougrecommendgnext?
AgPerformgagfeasibilitygstudy.
BgProceedgtogthegprojectgselectiongcommittee.
CgRejectgthegprojectgbasedgongtheganalysis.
DgProceedgtogwritinggthegprojectgplan.g-gCorrectgAnswer-Performgagfeasibilitygstudy.
Whichgtwogelementsgshouldgalwaysgbegincludedgingagbusinessgcaseganalysis?gChoosegt
wo.
AgProjectgselectiongmethodology
BgAlignmentgtogthegstrategicgplan
CgJustification
DgCashgflowgtechniquesgtogdeterminegfinancialgviabilityg-gCorrectgAnswer-
Alignmentgtogthegstrategicgplan
Justification
Federico,gthegdirectorgofgthegmarketinggdepartment,ghasgapproachedgyougwithgangideagf
orgagproject.gWhatgaregthegelementsgyou'llgincludegingthegbusinessgcase?gChoosegfour.
AgListgofgkeygstakeholders
BgAlternativegsolutionsganalysis
CgThegbusinessgjustificationgforgthegproject
DgThegstrategicgopportunity/businessgneedgthatgbroughtgaboutgthegproject
EgThegrecommendedgsolutiong-gCorrectgAnswer-Alternativegsolutionsganalysis
,Thegbusinessgjustificationgforgthegproject
Thegstrategicgopportunity/businessgneedgthatgbroughtgaboutgthegproject
Thegrecommendedgsolution
Whichgofgthegfollowinggaregtruegregardinggprojectgportfolios?gChoosegtwo.
AgAngorganizationghasgonlygonegportfolio.
BgThegprogramsgandgprojectsgwithingthegportfoliogsupportgthegstrategicggoalsgofgthegportf
olio.
CgThegindependentgprojectsgingthegportfoliogmaygnotghaveganythinggingcommon.
DgPortfoliosgconsistgofgprogramsgandgdognotgcontaingstand-alonegprojects.g-
gCorrectgAnswer-
Thegprogramsgandgprojectsgwithingthegportfoliogsupportgthegstrategicggoalsgofgthegportfoli
o.
Thegindependentgprojectsgingthegportfoliogmaygnotghaveganythinggingcommon.
You'regagprojectgmanagergworkinggongagsoftwaregdevelopmentgproject.gYougaregworking
ghandginghandgwithgagsystemsganalystgwhogisgconsideredgangexpertginghergfield.gSheghas
gyearsgofgexperiencegworkinggforgthegorganizationgandgunderstandsgnotgonlygsystemsgd
evelopmentgbutgalsogthegbusinessgareagthegsystemgwillgsupport.gWhichgpersongshouldg
makegthegdecisionsgaboutgthegmanagementgofgthegproject?
AgSystemsganalystgwithginputgfromgprojectgmanager
BgProjectgmanager
CgSystemsganalyst
DgProjectgmanagergwithginputgfromgsystemsganalystg-gCorrectgAnswer-
Projectgmanagergwithginputgfromgsystemsganalyst
Yourgprojectghasgexpectedgcashginflowsgofg$7.8gmilliongingtoday'sgdollars.gWhichgcashgfl
owgtechniquegwasgusedgtogdeterminegthis?
AgDiscountedgcashgflow
BgIRR
CgNPV
DgCost-benefitganalysisg-gCorrectgAnswer-Discountedgcashgflow
Thegexecutivesgingyourgorganizationgtypicallygchoosegwhichgprojectsgtogperformgfirstgbygr
eviewinggthegbusinessgcasegandgthengdetermining,gbasedgongtheirgexperiencegwithgsimil
argprojects,gwhichgwillglikelygperformgwellgandgwhichgwillgnot.gWhatgformgofgprojectgselect
iongmethodgisgthis?
AgDecisiongmodelgtechnique
BgFeasibilityganalysis
CgExpertgjudgment
DgBusinessgcaseganalysisg-gCorrectgAnswer-Expertgjudgement
Whichgofgthegfollowingggeneralgmanagementgskillsgdoesgagprojectgmanagergemploygupgt
og90gpercentgofgtheirgtime?
AgProgramming
BgCommunicating
,CgLeading
DgProblem-solvingg-gCorrectgAnswer-Communicating
Yougreceivegagrequestgfromgcustomergservicegtogdevelopgandgimplementgagdesktopgma
nagementgsystemgforgthegcustomer-supportgstaff.gWhatgtypegofgprojectgrequestgisgthis?
AgLegalgrequirement
BgTechnologicalgadvance
CgBusinessgneed
DgMarketgdemandg-gCorrectgAnswer-Businessgneed
Whichgofgthegfollowinggaregreasonsgforgbringinggaboutgagproject?gChoosegthree.
AgSocialgneeds
BgStakeholdergneeds
CgStrategicgopportunity
DgBusinessgcasegjustification
EgMarketgdemand
FgFeasibilitygstudyg-gCorrectgAnswer-Socialgneeds
Strategicgopportunity
Marketgdemand
Whatgisgonegdisadvantagegofgagprojectizedgorganization?
AgOncegthegprojectgisgcompleted,gthegprojectgteamgmembersgmaygnotghavegothergprojec
tsgtogworkgon.
BgThegfunctionalgmanagersghavegcontrolgovergwhichgteamgmembersgaregassignedgtogpr
ojects.
CgCostsgareghighgbecausegspecializedgskillsgaregrequiredgtogcompletegprojectsgingthisgty
pegofgstructure.
DgThegorganizationgdoesn'tgworkgonganythinggthatgisn'tgproject-related.g-
gCorrectgAnswer-
Oncegthegprojectgisgcompleted,gthegprojectgteamgmembersgmaygnotghavegothergprojectsg
togworkgon.
Thisggeneralgmanagementgskillgconcernsgobtaininggmutuallygacceptablegagreementsgwit
hgindividualsgorggroups.
AgLeadership
BgProblem-solving
CgNegotiating
DgCommunicatingg-gCorrectgAnswer-Negotiating
Yourgprojectghasgexpectedgcashginflowsgofg$7.8gmilliongingtoday'sgdollars.gThegproject'sgi
nitialginvestmentgisg$9.2gmillion.gWhichgofgthegfollowinggisgtrue?
AgNPVgisglessgthangzero,gsogthisgprojectgshouldgbegrejected.
BgThegdiscountedgcashgflowsgareglowergthangtheginitialginvestment,gsogthisgprojectgshoul
dgbegaccepted.
CgThegdiscountedgcashgflowsgareglowergthangtheginitialginvestment,gsogthisgprojectgshoul
dgbegrejected.
, DgNPVgisggreatergthangzero,gsogthisgprojectgshouldgbegaccepted.g-gCorrectgAnswer-
NPVgisglessgthangzero,gsogthisgprojectgshouldgbegrejected.
Agprojectgmanagerghasgthegmostgauthoritygundergwhichgorganizationalgstructure?
AgFunctional
BgProjectized
CgStronggmatrix
DgBalancedgmatrixg-gCorrectgAnswer-Projectized
Yougaregworkinggingagmatrixgorganization.gChoosegthegresponsesgthatgdescribegthisgtyp
egofgstructure.
AgMatrixgorganizationsgcangbegstructuredgasgstrong,gweak,gorgbalanced.
BgProjectgmanagersgandgfunctionalgmanagersgsharegauthorityglevels.
CgMatrixgorganizationsgtypicallygaregorganizedgalonggdepartmentalglines,glikegagfunction
algorganization.g
DgEmployeesgaregassignedgprojectgtasksgbygtheirgprojectgmanagergingthisgtypegofgstruct
ure.
EgResourcesgaregassignedgtogthegprojectgwithingtheirgrespectivegfunctionalgareasgbygagp
rojectgmanager.g-gCorrectgAnswer-
Matrixgorganizationsgcangbegstructuredgasgstrong,gweak,gorgbalanced.
Projectgmanagersgandgfunctionalgmanagersgsharegauthorityglevels.
Matrixgorganizationsgtypicallygaregorganizedgalonggdepartmentalglines,glikegagfunctionalg
organization.g
Employeesgaregassignedgprojectgtasksgbygtheirgprojectgmanagergingthisgtypegofgstructure
.
Whatgisgthegdefinitiongofgagproject?gChoosegtwo.
AgAgprocessgusedgtoggenerategprofit,gimprovegmarketgshare,gorgadheregtoglegalgrequire
ments
BgAgtemporarygendeavorgundertakengtogcreategaguniquegproduct,gservice,gorgresult
CgThroughgthegusegofgprojectgmanagementgtechniques,gwhichgaregrepeatablegprocesse
s,gagseriesgofgactionsgthatgaregperformedgtogproducegthegsamegresultgmultiplegtimes
DgAggroupgofginterrelatedgactivitiesgthatgcreategaguniquegbenefitgtogthegorganization
EgAgtime-
constrainedgendeavorgwithgassignedgresourcesgresponsiblegforgmeetinggtheggoalsgaccor
dinggtogthegqualitygstandardsg-gCorrectgAnswer-
Agtemporarygendeavorgundertakengtogcreategaguniquegproduct,gservice,gorgresult
Agtime-
constrainedgendeavorgwithgassignedgresourcesgresponsiblegforgmeetinggtheggoalsgaccor
dinggtogthegqualitygstandards
Whatgisgthegtermgforgaggroupgofgrelatedgprojectsgmanagedgingagcoordinatedgfashion?
AgProcessggroup
BgPhase
CgLifegcycle