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- Question
Aquisition of an asset from the Business partner is an external aquisition.
Options- A. TRUE
- B. FALSE
- Correct Answer
- TRUE
- 1. Communication requirements are defined by
Options- A. the adaptation of the theory of sender-receiver models to the dominant listening and learning style of each stakeholder.
- B. the logistics of how many individuals will be involved with the project and at which locations.
- C. the technologies or methods available to transfer information back and forth among project stakeholders.
- D. combining the type and format of information required with an analysis of the value of that information. Discuss
- 2. In the Determine Budget processes the project schedule
Options- A. is not one of the inputs to these processes.
- B. is used to allocate the project budget to the various project activities.
- C. is used to assign costs to the time period when the costs will be incurred
- D. is used to determine the size of the contingency component of the budget after all scheduled costs are accounted for. Discuss
- 3. The price that you charge for your project is
Options- A. equal to the cost estimate plus a fixed percentage.
- B. essentially the same as the cost estimate.
- C. typically 1.5 - 2.5 times the cost estimate in order to account for corporate overhead costs
- D. a business decision that considers the cost estimate together with other factors. Discuss
- 4. Project authorization is one of the processes that is associated with the initiation phase of a project. Authorization can come in many different forms, and projects are generally authorized by all of the following except
Options- A. Technological Advances
- B. Customer request or market demand
- C. Executive year - end bonuses
- D. Business or Social needs Discuss
- 5. Project Life Cycle - Characteristic of Project Phases What is a deliverable? Discuss
- 6. Project Stakeholders What do you meant by project stakeholders? Discuss
- 7. Organizational Systems What are Project-based and Non project-based organizations? Discuss
- 8. Project Management Processes What is the underlying concept for the interaction among the project management processes? Discuss
- 9. Project Management Process Groups What are the Project Management Process Groups? Discuss
- 10. Initiating Process Group What are the Project Management Processes included in the Initiating Process Group ? Discuss
More questions
Correct Answer: combining the type and format of information required with an analysis of the value of that information.
Explanation:
? Communication requirements are defined by combining the type and format of information needed with an analysis of the value of that information.?
Correct Answer: is used to assign costs to the time period when the costs will be incurred
Explanation:
?This [project schedule] information can be used to aggregate costs to the calendar periods when the costs are planned to be incurred.? PMBOK [7.2.1.4]
Correct Answer: a business decision that considers the cost estimate together with other factors.
Explanation:
Overhead costs should be figured into the cost estimate. Desired profit considered together with other factors such as market demand, availability of resources, prior experience are then used to determine the optimal price.
Correct Answer: Executive year - end bonuses
Explanation:
Project authorization should not be exclusively based upon the impact of an executive's bonus (many people would agree that it should not ever be based upon an executive's bonus). Answer A, B, and D are common events that predicate the need for project authorization and can evolve into large scope projects.
Correct Answer: A deliverable is a measurable, verifiable work product such as a specification, feasibility study report, detailed design document, or working prototype
Correct Answer: Project Stakeholders are individuals and organizations that are actively involved in the project, or whose interests may be affected as a result of project execution or project completion Stakeholders may have a positive or negative Positive stakeholders are those who would normally benefit from a successful outcome from the project, while negative stakeholders are those who see negative outcomes from the project's success
Correct Answer: Project-based Organizations are those whose operations consist primarily of projects Non Project-based organizations often may lack management systems designed to support project needs efficiently and effectively
Correct Answer: Plan-do-check-act cycle
Correct Answer: This section identifies and describes the five Project Management Process Groups required for any project These five process Groups have clear dependencies and are performed in the same sequence on each project The five Process Groups are : Initiating Process Group - Defines and authorizes the project or a project phase Planning Process Group - Defines and refines objectives, and plans the course of action required to attain the objectives and scope that the project was undertaken to address Executing Process Group - Integrates people and other resources to carry out the project management plan for the project Monitoring and Controlling process Group - Regularly measures and monitors progress to identify variances from the project management plan so that corrective action can be taken when necessary to meet project objectives Closing Process Group - Formalizes acceptance of the product, service or result and brings the project or a project phase to an orderly end
Correct Answer: Develop Project Charter Develop Preliminary Project Scope Statement
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