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- Question
Importance of project life cycle?
- Correct Answer
- A project has a beginning and an end and passes through several phases of development known as life cycle phases Every project has certain phases of development A clear understanding of these phases allows managers and executives to maintain control of the project more efficiently These phases are varied depending upon the industry involved but all follow the same basic steps How Important is Project Life Cycle:: 1 This is a tried and tested method for delivering projects on time, within budget and to the expected quality targets 2 Aids communication and helps define roles within the project organisation as it provides a framework for the project that is visible and understood by all members of the project 3 The project lifecycle will allow the project manager to link progress directly to each phase and recognise the completion of each phase 4 The phases within the project lifecycle provide an understanding of the evolution of the project, being able to identify areas that need greater attention at different times such as risk management in the early stages and more Project Evaluation Reviews during the Implementation stage 5 At each stage, approval is generally required from outside the project team before proceeding to the next stage 6 The project life cycle also allows for the gate procedure to be used 7 At each stage, approval is generally required from outside the project team before proceeding to the next stage
- 1. An important tool for project scope management is
Options- A. Fast tracking
- B. Work breakdown structure
- C. Crashing
- D. A Gantt Chart Discuss
- 2. The project manager meets with the project team to review lessons learned from previous projects. In what activity is the team involved?
Options- A. Performance management
- B. Scope identification
- C. Risk identification
- D. Project team status meeting Discuss
- 3. Typically not referred to as a buffer type in critical chain project management is ______.
Options- A. Free Buffer
- B. Resource Buffer
- C. Project Buffer
- D. Feeding Buffer Discuss
- 4. A project in PMP can be defined as a :
Options- A. Permanent endeavor that produces repetitive outputs
- B. Temporary endeavor undertaken to create a unique product, service, or result
- C. Permanent endeavor undertaken to create a unique product, service, or result
- D. Temporary endeavor that produces repetitive outputs Discuss
- 5. Who Creates The Project Charter?
Options- A. Sponser
- B. Stake holder
- C. Customer
- D. None Discuss
- 6. What is the Purpose of a Project Charter? Discuss
- 7. An accepted deadline for a project approaches. However, the project manager realizes only 75% percent of the work has been completed. The project manager then issues a change request. What should the change request authorize?
Options- A. Additional resources using the contingency fund
- B. Escalation approval to use contingency funding
- C. Team overtime to meet schedule
- D. Corrective action based on causes Discuss
- 8. 4 phases of project management are Discuss
- 9. The organizational form in which the project manager has informal authority over team members and little or no input to team member?s performance appraisal is called
Options- A. weak matrix.
- B. functional.
- C. strong matrix.
- D. composite. Discuss
- 10. A process that specifies how formal verification and acceptance of the completed project deliverables will be obtained is a part of which plan?
Options- A. Project integration plan.
- B. WBS development plan.
- C. Configuration management plan.
- D. Scope management plan. Discuss
PMP Certification problems
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Correct Answer: Work breakdown structure
Explanation:
Work breakdown structure is an important tool for project scope management.
Project Scope Management refers to the set of processes that ensure a project?s scope is accurately defined and mapped. Scope Management techniques enable project managers and supervisors to allocate just the right amount of work necessary to successfully complete a project?concerned primarily with controlling what is and what is not part of the project?s scope.
Correct Answer: Risk identification
Correct Answer: Free Buffer
Correct Answer: Temporary endeavor undertaken to create a unique product, service, or result
Correct Answer: None
Explanation:
The project initiator or sponsor should be at a level that is appropriate to funding the project. They will either create the project charter or delegate that duty to the project manager.
Projects are authorized by someone external to the project such as a sponsor, PMO or portfolio steering committee.
Correct Answer: 1 Project Charter refers to a statement of objectives in a project 2 It provides a preliminary delineation of roles and responsibilities, outlines the project objectives, identifies the main stakeholders, and defines the authority of the project manager 3 It serves as a reference of authority for the future of the project The terms of reference are usually part of the project charter
Correct Answer: Corrective action based on causes
Correct Answer: The project management life cycle describes high-level processes for delivering a successful project The project management life cycle is usually broken down into four phases: 1 Initiation and Planning, 2 Execution, 3 Project Monitoring and Control, and 4 Project Closing
Correct Answer: weak matrix.
Explanation:
?Weak matrices maintain many of the characteristics of a functional organization, and the project manager role is more that of a coordinator or expediter than that of a true project manager.?
Correct Answer: Scope management plan.
Explanation:
?The work involved in performing the five processes of Project Scope Management is preceded by a planning effort by the project management team. This planning effort is part of the Develop Project Management Plan process, which produces a scope management plan that provides guidance on how project scope will be defined, documented, verified, managed, and controlled. The scope management plan may be formal or informal, highly detailed, or broadly framed, based upon the needs of the project.?
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