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- Question
Which of the following is usually not considered a goal of portfolio management?
Options- A. To manage the effective and efficient use of resources.
- B. To balance the portfolio among incremental and radical investments.
- C. To maximize the value of the portfolio by careful examination of candidate projects and exclusion of those no meeting strategic objectives.
- D. To ensure that the relationship between projects in the portfolio clearly reflects strategic objectives.
- Correct Answer
- To ensure that the relationship between projects in the portfolio clearly reflects strategic objectives.
ExplanationThere is not necessarily a relationship between projects in a portfolio. Answer D is actually one of the goals of PROGRAM management. PMBOK Guide [1.4]
- 1. Integration is primarily concerned with
Options- A. ensuring that the time, scope and cost baselines are consistent with an acceptable quality standard and with the customer?s expectations.
- B. getting people working together effectively toward common project goals through appropriate training, management and leadership.
- C. effectively integrating the processes among the project management process groups that are required to accomplish project objectives with an organization?s defined procedures.
- D. ensuring that all the tools and techniques of the various planning processes are appropriately scaled to the complexity and risk exposure of the project. Discuss
- 2. Ambiguous jurisdiction is more common in a functional or weak matrix organization than a strong matrix or projectized organization. Why?
Options- A. Projectized organizations tend to be large in size
- B. Conflict between a functional manager and a project manager is more common in a functional or weak matrix
- C. Legal issues are more frequent in a functional or weak matrix organization
- D. Projectized and strong matrix organizations are the best companies for a project manager to work for due to less ambiguity in scope development. Discuss
- 3. Project Integration Management - Processes Describe the Inputs, Tools and Techniques, Outputs of Monitor and Control Project Work phase? Discuss
- 4. Sensitivity analysis is used to
Options- A. identify the risks which have the largest potential impact on the project.
- B. determine which risks are most troubling to the customer.
- C. identify hidden requirements that were not recognized at the outset of the project.
- D. determine which requirements will add the greatest customer satisfaction for the least effort. Discuss
- 5. The project manager develops a process improvement plan to encourage continuous process improvement during the life of the project. Which of the following is a valid tool or technique to assist the project manager to assure the success of the process improvement plan?
Options- A. Change control system
- B. Process analysis
- C. Benchmarking
- D. Configuration management system Discuss
- 6. The procurement documents to be used, the supplier management processes and the types of contracts that will be used are to be found in which document?
Options- A. Solicitation management plan.
- B. Contracting management plan.
- C. Organizational policies.
- D. Procurement management plan. Discuss
- 7. The schedule performance index (SPI) is calculated as
Options- A. Planned Value (PV) divided by Earned Value (EV)
- B. Earned Value(EV) divided by Planned Value (PV)
- C. Project duration divided by Earned Value divided by Planned Value (Duration/(EV/PV))
- D. Earned Value (EV) minus Planned Value (PV) Discuss
- 8. Verify Scope is the process of
Options- A. progressively elaborating and documenting the project work that produces the product of the project.
- B. subdividing the major product deliverables into smaller, more manageable components.
- C. obtaining formal acceptance of the project scope by the stakeholders.
- D. influencing the factors that create scope changes to ensure that changes are agreed upon, determining that a scope change has occurred and managing the changes when and if they occur. Discuss
- 9. Activities done repeatedly over time will become more efficient, increase in quality and will be found to be less demanding by the performing people. This is known as the
Options- A. Learning Curve Theory.
- B. Continuous Improvement Theory.
- C. Six-sigma Theory.
- D. Homeostasis Theory. Discuss
- 10. Assuming that the phases in a project are concept, development, implementation and termination, which phase typically has the highest degree of uncertainty?
Options- A. Concept
- B. Development
- C. Implementation
- D. Termination Discuss
PMP Certification problems
Search Results
Correct Answer: effectively integrating the processes among the project management process groups that are required to accomplish project objectives with an organization?s defined procedures.
Explanation:
Answers A, B and D all result from effectively integrating the work of the project management process groups. PMBOK [4.0]
Correct Answer: Conflict between a functional manager and a project manager is more common in a functional or weak matrix
Explanation:
Answer A is incorect because it is not a correct statement and has nothing to do with ambiguous jurisdiction. Answer C is incorrect because ambiguous jurisdiction is not related to legal issues at a company. Answer D is incorrect because the statement is incorrect and is not related to ambiguous jurisdiction.
Correct Answer: I Inputs Project management plan Work performance information Rejected Change requests II Tools and Techniques Project management methodology Project management information system Earned value technique Expert Judgment III Outputs Recommended corrective actions Recommended preventive actions Forecasts Recommended defect repair Requested changes
Correct Answer: identify the risks which have the largest potential impact on the project.
Explanation:
?Sensitivity analysis helps to determine which risks have the most potential impact on the project.?
Correct Answer: Process analysis
Correct Answer: Procurement management plan.
Explanation:
Key elements in the procurement management plan are enumerated in this PMBOK section. [12.1.3.1]
Correct Answer: Earned Value(EV) divided by Planned Value (PV)
Explanation:
Answer A is reversed. Answer C is sometimes mistakenly used to forecast project completion (it?s invalid because it does not take into consideration which completed tasks are on the critical path). Answer D is the definition of Schedule Variance.
Correct Answer: obtaining formal acceptance of the project scope by the stakeholders.
Explanation:
?Verify Scope is the process of formalizing acceptance of the completed project deliverables. Verifying scope includes reviewing deliverables with the customer or sponsor to ensure that they are completed satisfactorily and obtaining formal acceptance of deliverables by the customer or sponsor.? PMBOK [5.4]
Correct Answer: Learning Curve Theory.
Explanation:
Answers B and C belong to quality management, and answer D was formulated by Elizabeth Duffy and suggested that we all try to adjust our lives so that we have a dynamic balance (homeostasis) between challenge and relaxation. Kerstner, Chapter 18
Correct Answer: Concept
Explanation:
The first phase in a project always has the greatest degree of uncertainty because at this point in time the product is the least well defined. PMBOK, See figure 2-2. [2.1.1]
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