Integration

Question 1

The required go live date is considered Part of What?

Answer 1

A component of the Assumptions Log

Question 2

What is validate scope process?

Answer 2

the process of formalizing acceptance of the completed project deliverables

Question 3

What is Initiate procurement closing procedure?

Answer 3

close out procurement by ensuring that all invoices have been paid, claims processed and that 3rd party deliverables meet the contractual acceptance criteria

Question 4

How often should you conduct Close Project or Phase?

Answer 4

At the end of each project life cycle phase

Question 5

What is Project Charter

Answer 5

The document that authorizes the project is the project charter that is signed by the project sponsor.

Question 6

What is a Corrective Action?

Answer 6

A corrective action is required to correct the situation

Question 7

Tacit Knowledge?

Answer 7

an experience and you have learned from this mistake

Question 8

Explicit knowledge?

Answer 8

tangible knowledge that is written, in the form of graphs, tables, charts etc.

Question 9

What is Benefit Management Plan?

Answer 9

The Benefits Management Plan describes how and when the benefits of the project will be delivered

Question 10

What is the last step performed during the closing of a project?

Answer 10

Release the resources

Question 11

What is NPV?

Answer 11

Net Present Value, the higher the better

Question 12

In which process are the project deliverables created?

Answer 12

Direct and Manage Project Work

Question 13

What is CONFIGURATION MANAGEMENT?

Answer 13

process that includes established methodology, systems, and procedures to control the elements of the change process.

Question 14

What is rolling wave technique

Answer 14

Planning your project’s earlier phases in high detail, and planning for the later project phases in low detail

Question 15

Cost Control Thresholds are included in what plan?

Answer 15

Project Management Plan

Question 16

What is opportunity cost?

Answer 16

opportunity cost is the cost that you have given up by choosing one opportunity over another

Question 17

What does the Change Log Capture?

Answer 17

status of approved, rejected, and deferred change requests

Question 18

What is Enterprise Environmental Factor (EEF)?

Answer 18

Any external factors that can affect procedures or decision making within your organization

Question 19

The roles and responsibilities of the CCB are documented where?

Answer 19

The Change Management Plan

Question 20

What describes the difference between the project cash value now and in the future?

Answer 20

Net Present Value

Question 21

Where do you capture project constraints like the go live date or schedule constraints?

Answer 21

Assumptions Log

Question 22

If a project has an NPV of 50k over 5 years and another has an NPV of 40 k over 2 years, which one would you pick?

Answer 22

50k over 5 years