Lesson 1: Business Enviroment Flashcards
The PMI Talent Triangle® reflects the skills needed for project
management. Which three of the following are those skills? (Choose three)
a. Ways of Working
b. Power Skills
c. Business Acumen
d. Quality
a. Ways of Working
b. Power Skills
c. Business Acumen
Which three of the following are PESTLE factors? (Choose three)
a. Legal
b. Effectiveness
c. Social
d. Political
a. Legal
c. Social
d. Political
Often before a project starts, business analysts or engineers conduct a needs assessment for project approval and funding. Which two of the following are items identified or specified in a needs assessment for a new project? (Choose two)
a. The project manager
b. Business goals and objectives
c. Potential constraints, assumptions, risks and dependencies
d. Individual or department who will handle procurement invoices
b. Business goals and objectives
c. Potential constraints, assumptions, risks and dependencies
Which three of the following are a financial-based benefit measure method? (Choose three)
a. Net present value
b. Internal rate of return
c. Return of investment
d. Opportunity cost
a. Net present value
b. Internal rate of return
c. Return of investment
The opportunity cost is defined as the value of a proposed project selected. True or false?
True
False
True
Which three of the following are essential for managing change in an organization? (Choose three)
a. Managing changes in an organization requires different strategies depending on the circumstances, people involved, and timing.
b. Change management is an essential capability and a significant professional practice in its own right.
c. It is important to have a robust theory and approach to change management to support the business goals, objectives, opportunities, and needs.
d. A change control board should be established to approve or reject proposed changes to a project’s scope, schedule, or cost.
a. Managing changes in an organization requires different strategies depending on the circumstances, people involved, and timing.
b. Change management is an essential capability and a significant professional practice in its own right.
c. It is important to have a robust theory and approach to change management to support the business goals, objectives, opportunities,
and needs
Is the following statement true or false? Enterprise environmental factors (EEFs) are conditions either internal or external to the organization that are not under the control of the project team, which can influence, constrain, or direct the project at the organizational, portfolio, program, or project level.
True
False
True
Which three of the following are examples of external enterprise environmental factors (EEFs)? (Choose three)
a. Economy
b. Government or industry standards
c. Employee capability
d. Legal restrictions
a. Economy
b. Government or industry standards
d. Legal restrictions
Which of the following is a financial tool that calculates the present value of all cash outflows minus the present value of all cash inflows?
a. Internal rate of return
b. Net present value
c. Benefit cost value
d. Return on investment
b. Net present value
Which of the following are effective guidelines for measuring project compliance?
a. Tracking work completed in a Gantt chart
b. Using quality assurance outputs to confirm deliverable and process compliance and identify the needs for corrective actions
c. Prioritizing effort using a Moscow analysis
d. Reporting progress by conducting a sprint review and
demonstration
b. Using quality assurance outputs to confirm deliverable and process compliance and identify the needs for corrective actions
In a multiphase project, which two of the following terms refers to a decision to continue with the next phase or to end the project? (Choose two)
a. Kill point
b. Phase gate
c. Threshold
d. Go/no go point
a. Kill point
b. Phase gate
In a large organization that utilizes a project management office (PMO), who is responsible for managing the governance of projects?
a. The project managers of the individual projects within the PMO
b. The PMO
c. The organization’s governance committee
d. The organization’s change control board
b. The PMO
Is the following statement true or false?
Predictive projects are plan driven, while adaptive projects focus on-team collaboration with stakeholders or customers to determine the project need by writing user stories and hybrid projects can combine or switch predictive or adaptive approaches as necessary.
True
False
True
