What is the purpose of the project charter?
A. To recognize and acknowledge the project sponsor
B. To recognize and acknowledge the existence of the project and commit organizational resources to the project
C. To acknowledge the existence of the project team, project manager, and project sponsor
D. To describe the selection methods used to choose this project over its competitors
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You are a project manager responsible for the construction of a new office complex. You are taking over for a project manager who recently left the company. The prior project manager completed the project charter and the scope statement for this project. In your interviews with some key stakeholders, you conclude that the scope statement was poorly constructed. You know all of the following are true except: A. It will be difficult to assess future project decisions from this scope statement. B. It will be difficult to decompose the deliverables from this scope statement. C. It will be difficult to assess cost and time estimates from this scope statement. D. It will be difficult to create an accurate WBS from this scope statement.
Which of the following is true regarding IRR? A. IRR assumes reinvestment at the cost of capital. B. IRR is the discount rate when NPV is greater than zero. C. IRR is a constrained optimization method. D. IRR is the discount rate when NPV is equal to zero. ?
Which of the following processes are performed in the Closing process group and in what order? A. Administrative Closure then Contract Closeout B. Scope Verification then Administrative Closure C. Contract Closeout then Scope Verification D. Contract Closeout then Administrative Closure
Project selection criteria might include: A. Benefit measurement methods B. Constrained optimization analysis C. NPV calculations D. Potential market share or increased public perception
Mathematical models using linear, dynamic, integer, or algorithm models are considered: A. Project selection criteria B. A form of expert judgment C. Project selection methods D. A form of historical information
Explain the Principals of Management
0 Answers Mahatma Gandhi University,
All of the following are benefits of meeting quality requirements except: A. An increase in stakeholder satisfaction B. Less rework C. Low turnover D. Higher productivity
Lessons learned are used for all of the following except: A. To provide historical information that you can review during your next project B. To document employee performance C. To identify successes and failures on the project D. To record the causes of performance variances
Project managers use this conflict resolution technique most often: A. Smoothing B. Confronting C. Naming D. Forcing
All of the following are true about decomposition except: A. It's an output of the Scope Definition process. B. It's a tool and technique of the Scope Definition process. C. It is used to create a WBS. D. It subdivides the major deliverables into smaller components.
You are the project manager for a large construction project. The project objective is to construct a set of outbuildings to house the Olympic support team that will be arriving in your city 18 months from the project start date. Resources are not readily available as they are currently assigned to other projects. Jack, an expert crane operator, is needed for this project two months from today. Which of the following skills will you use to get Jack assigned to your project? A. Negotiation and influencing skills B. Communication and organizational skills C. Communication skills D. Problem-solving skills
The Critical Path Method is a mathematical tool and technique of the Schedule Development process. All of the following are true regarding CPM except: A. Determines a single early and late start date and a single early and late finish date B. Calculates expected value C. Focuses on the calculation of float time D. Shows the critical path, or the path with the longest duration