Part 2: Initiating a Project Flashcards
Which are outputs of the identify stakeholders process that contain information of the identified project stakeholders and their impact management? (Choose two.) Incorrect Your Answer -> Stakeholder list Stakeholder management strategy Stakeholder analysis matrix Your Answer -> Stakeholder register
?
What does portfolio management provide for project managers?
Correct
Your Answer ->
Collective oversight of a group of related or unrelated projects in alignment with the strategic goals of an organization.
A way to manage the smaller, more manageable components of a project.
A centralized, coordinated process of managing interdependent projects in a program in accordance with the business’ strategic objectives.
The necessary support, tools, training, and mentoring that are essential to project management.
?
Which components are used as inputs for the develop project charter process? (Choose two.) Correct Your Answer -> Organizational process assets Your Answer -> Project statement of work Project management methodology Project management information system
?
Which rating system uses groups of people to rate the relative priority of a number of projects? Incorrect Q-sorting Criteria profiling Your Answer -> Delphi technique Decision tree
?
Which document, created as part of the stakeholder management strategy for your project, describes the strategies used to manage the stakeholders of a project? Incorrect Stakeholder management matrix Stakeholder analysis matrix Stakeholder resolution register Your Answer -> Stakeholder register
?
Which detail is required in a project charter?
Correct
Estimate of the time and cost for each activity in the project.
Overall risk ranking for the project.
Your Answer ->
Description of the business need that the project is intended to address.
Likelihood of the project to meet capital budgeting requirements.
?
Which document may be supplied by the project's sponsor in response to an organizational need? Incorrect A project management plan A contract A project statement of work Your Answer -> A business case
?
What details would you include in the resource requirements section of a well-structured project SOW? (Choose two.)
Correct
Your Answer ->
A list of every person who will work on the project.
A summary of work requested and benefits.
The project’s identification number.
Your Answer ->
An estimate of each person’s work hours.
?
Choose the component that should always be included in the project charter.
A. A breakdown of the functions and activities to be performed on the project.
B. A list of the project stakeholders and their areas of responsibilities.
C. A schedule of project activities.
D. A statement of project goals, via a project SOW, and authorization of the project manager to use organizational resources on the project.
Correct Answer: D
Which one or more of these is a common reason for an organization to undertake a new project?
A. Meeting a customer’s needs.
B. Gaining a competitive advantage in the market.
C. Identifying best practices.
Meeting regulatory requirements.
Correct Answer(s):
A
B
D
What is the basic purpose of a feasibility study?
A. To determine the major activities within the project and break them down into component work packages.
B. To determine if the organization should do the project based on economic and/or societal costs associated with what is being proposed.
C. To link the project to strategic goals.
D. To determine how to manage a project throughout its life cycle.
Correct Answer: B
Choose the component that a formal feasibility study is likely to contain.
A. Estimate of the time and cost for each activity in a project.
B. Estimate of the time and cost for each of a number of project alternatives.
C. Likelihood of the project to meet capital budgeting targets.
D. Rating of the relative priority of a number of projects.
Correct Answer: B
Which are reasons that it is important for the project charter to be signed by a highly placed person in the organization?
A. This indicates the relative importance and priority of the project within the organization.
B. This provides authority for the project manager to cross functional boundaries when carrying out project plans and activities.
C. This provides a signed document, which indicates that the project team members can start work on the project.
D. This provides greater credibility with people outside of the project who may be asked to contribute resources or join the project team.
Correct Answer(s):
A
B
D
Which is a quick and objective method for evaluating project proposals? A. Screening system B. Weighting system. C. Team-based evaluation system D. Capital budgeting system
Correct Answer: B
How will you categorize the use of standard organizational procedures and terminology by all team members and suppliers?
A. A bad management practice because it stifles creativity.
B. A bad management practice because it dictates practices that may not be industry standard best practices.
C. A good management practice because it helps establish the foundation and framework for a common project language.
D. A good management practice because it highlights the project manager’s absolute authority over the project.
Correct Answer: C
