Module One

What does the "Talent Triangle" refer to? a. The project teams' talent in managing the three constraints of scope, time, and cost b. The interaction of the three categories of plan-driven project roles: Executive Roles, Managerial Roles, and Associate Roles c. PMI's research findings that to be a successful project manager, one must develop knowledge and skills in technical areas, leadership, and strategic business management d. The interaction of the PMBOK 6e five process groups, ten knowledge areas, and forty-nine individual work processes

c. PMI's research findings that to be a successful project manager, one must develop knowledge and skills in technical areas, leadership, and strategic business management

An organization's vision often includes reference to its social, environmental, and economic health, collectively referred to as the: a. triple bottom line b. business case c. statement of work (SOW) d. net present value (NPV)

a. triple bottom line

Internal analysis of SWOT

he internal analysis (elements within the project team's control) consists of asking what strengths and weaknesses the organization possesses.

To achieve maximum benefit toward the strategic goals of the company, executives need to identify, select, prioritize, resource and govern an appropriate portfolio of projects and other work. a. True b. False

True

You are a project manager seeking to differentiate project management Models, Methods, and Artifacts. Which of the following statements is correct: a. A method is a thinking strategy. b. A model is a means. c. An artifact is a means to a thinking strategy. d. An artifact is a template, document, output, or deliverable (an output).

An artifact is a template, document, output, or deliverable (an output).

Which of the characteristics below does NOT describe a project? a. Temporary effort b. Progressively elaborated c. Permanent d. Creates a product or service

C. Permanent

The executive leadership of a Fortune 100 organization approved a major initiative to build a new corporate headquarters in the upcoming fiscal year. During the selection and initiating stage of the construction project, the project manager worked with the Project Sponsor on a Project Charter. The sponsor signed the charter, authorizing the project manager to commit company resources to the project. The PM and team used this high-level information as a basis for preparing detailed project plans, including a detailed schedule and project end date, a time-phased budget, and other plans for all of the 10 PMBOK® 6e Knowledge Areas. Before starting project execution, the project manager obtained final sign-off on the baselines for scope, schedule, and cost and for the other plan documents. What life cycle was being used by the project manager and the team? a. Iterative b. Agile c. Predictive d. Scrum

*** need this answer - it is not Iterative ***

The internal part of strategic analysis (elements within the project team's control) consists of asking what opportunities and threats are posed by competitors, suppliers, customers, regulatory agencies, technologies and so on. a. True b. False

False

The two plan-driven project management associate-level roles are different in each of the following ways except ____________________. a. duration of time spent on project b. ability to work within project constraints c. degree of input contributed to project planning d. skill set

a. duration of time spent on the project

Projects are different from ongoing operations in that: a. project managers can use checklists to manage their work. b. only projects are associated with processes. c. projects are unique, temporary efforts that have a definite beginning and a definite ending. d. projects consist of the ongoing work necessary to ensure that an organization continues to function effectively.

projects are unique, temporary efforts that have a definite beginning and a definite ending.

When choosing projects to add to a portfolio, executives often follow the same strategy they would if managing a financial portfolio: diversification. a. True b. False

True

Contractor companies might determine which client projects to pursue by performing a quick _______. a. financial analysis b. SWOT analysis c. scoring model d. business case

b. SWOT analysis

The vision statement should present a positive, inspiring and vivid description of the organization as it currently exists. a. True b. False

False

A portfolio is defined as "projects, programs, sub-portfolios, and operations managed as a group to achieve strategic business objectives." a. True b. False

True

In Agile environments, potential projects are selected based upon a product vision of how a user will achieve a desired outcome, not just receive an output from a project team. a. True b. False

True

Strategic Analysis is an important first step in setting strategic direction. a. True b. False

True

Strategic Analysis is often called Strengths, Weaknesses, Opportunities and Threats (SWOT) Analysis. a. True b. False

True

You are a new project manager seeking to better understand agile project management. Which one of the following is NOT a principal of the Agile Manifesto: a. Agile is an approach that emphasizes a linear progression from beginning to end of a project. b. Agile process is meant to create sustainable development, which demands sponsors, developers, and users work at the same pace for a long period. c. Uninterrupted attention to technical excellence and good design boosts agility. d. Simplicity—the art of maximizing the amount of work not done—is essential.

a. Agile is an approach that emphasizes a linear progression from beginning to end of a project.

You are a project manager familiar with plan-driven project management and you are seek to better understand agile project management. Which one of the following is NOT a principal of the Agile Manifesto: a. Agile is an approach that operates with six stages: requirements, analysis, design, coding, testing, and deployment. b. Self-managed teams help develop the best architectures, requirements, and designs. c. People representing business and development teams must work together constantly. d. Project team comprised of motivated people must be engaged in the project; support and trust must be extended to the project team.

a. Agile is an approach that operates with six stages: requirements, analysis, design, coding, testing, and deployment.

All of the following are true except: a. A portfolio may contain multiple programs and projects b. A project manager has the discretion to make trade-offs in regard to which programs to pursue. c. A program manager has the discretion to make trade-offs in regard to which projects to pursue. d. Projects have a finite timeline, while programs may exist as long as the parent organization does.

b. A project manager has the discretion to make trade-offs in regard to which programs to pursue.

In today's fast-paced environment where product life cycles are shrinking and global competition is the norm, an organization driven to launch a product quickly might be tempted to push a project team to work overtime over long stretches. Which of the twelve Agile principles directly addresses this tendency and offers a different approach? a. Agile process is meant to create sustainable development. b. Uninterrupted attention to technical excellence c. Face-to-face communication must be employed. d. Self-managed teams help develop the best architectures.

a. Agile process is meant to create sustainable development.

A business case typically contains information regarding the business need and a financial analysis. Which financial model divides the cash flow by the initial cash outlay? a. Benefit-Cost Ratio (BCR) b. Internal Rate of Return (IRR) c. Net Present Value (NPV) d. Payback Period (PP)

a. Benefit-Cost Ratio (BCR)

The project team leader asks the sponsor for guidance on how project work is decided upon. During project selection using Agile methods, which statement is true when considering how is project work secured? a. Partnering. b. Proposal and negotiation. c. Benefit-Cost Ratio. d. Internal Rate of Return.

a. Partnering.

This Agile term used in project selection and prioritization represents a wish-list of things that may be created by the project team. a. Product backlog b. Product roadmap c. Product vision d. Epic

a. Product backlog

The client asks the team leader for projections of what will be delivered after the initial sprint. During project selection using Agile methods, which statement is true when considering what is the primary way future work is organized? a. Products in backlog. b. Projects in portfolio. c. The simplest version of a product with just enough features to gain quick customer feedback. d. Define value from a customer's perspective.

a. Products in backlog.

The project sponsor and the Agile team leader are considering how to determine how resources will be selected and allocated to the project. During project selection using Agile methods, which statement is true when considering how are resources determined for selected and prioritized project work? a. Relative Priority Ranking. b. Resource Assignment matrix. c. To-do prioritized list of work to both create product and reduce risk. d. Use feedback to progressively understand true needs.

a. Relative Priority Ranking.

You have been assigned as the project manager using Agile Project Management with a team of twelve. You seek to identify project roles and distinguish key responsibilities for project team members. Which best describes the role of Scrum Master: a. The person who facilitates and guides the team to improve performance, removing roadblocks, so the members can focus on their work b. A person who works on a project in cooperation with others to develop the solution for the stakeholder. c. The person who represents the client or customer and other stakeholders, prioritizing work and making timely decisions, enabling an Agile project team. d. The person who approves the budget and schedule changes.

a. The person who facilitates and guides the team to improve performance, removing roadblocks, so the members can focus on their work

Which of the following statements best describes the contemporary use of financial models and scoring models for project selection? a. These approaches are often used together to ensure both financial and non-financial factors are considered when selecting projects. b. Financial methods are preferred because they ensure alignment with the organization's strategic goals. c. Scoring models are unreliable because they fail to consider financial factors. d. One of these techniques is typically used to the exclusion of the other, due to time demands.

a. These approaches are often used together to ensure both financial and non-financial factors are considered when selecting projects.

You have been assigned as the project manager in a software company with a team of sixteen. In your first meeting, you remind your team to "Be Agile" and "Do Agile". Which one of the following is NOT considered a benefit to "Be Agile" and "Do Agile". a. Value the budget more than the schedule. b. Value individuals more than processes. c. Value working software more than documentation. d. Value customer collaboration more than negotiation.

a. Value the budget more than the schedule

You are a project manager familiar with plan-driven project management and you seek to better understand agile project management. Which are the four Agile metrics for success: a. Viability and value, predictability, quality, and happiness. b. On-time, on-budget, within scope, and meet agreed to specification. c. Viability and value, within scope, and meet agreed to specification. d. On-time, on-budget, within scope, quality, and happiness.

a. Viability and value, predictability, quality, and happiness.

The Standard for Project Management ANSI/PMI 99-001-2021 defines twelve project delivery principles that provide general guidance for behavior on projects. Which of the answers below does NOT reflect one of the twelve delivery principles? a. Effectively engage with stakeholders b. Command and control the project team c. Tailor your delivery approach d. Focus on value

b. Command and control the project team

Team members are asking the team leader for the rationale that was used for selecting the current project. During project selection using Agile methods, which statement is true when considering how are projects selected? a. Scoring model. b. Customer-driven value. c. Deliverables that are usable, desirable, and functional in helping customers achieve desired outcomes. d. Perform a cost-benefit analysis to determine the benefits provided by a project against its costs.

b. Customer-driven value.

Which of these is NOT one of the project executive-level roles? a. Project management office (PMO) b. Functional manager c. Sponsor d. Customer

b. Functional manager

Which of the following statements correctly describes a weakness associated with the financial project selection model? a. The benefit-to-cost models favor projects which generate the smallest absolute return over a specified period. b. Payback period models do not consider the profit to be realized after the costs are paid. c. The Net Present Value (NPV) method does not consider the time value of money. d. The Internal Rate of Return (IRR) method is difficult to use when a project has conventional cash flows.

b. Payback period models do not consider the profit to be realized after the costs are paid.

All of the following statements concerning project portfolios are true EXCEPT: a. The projects, programs and sub-portfolios in a portfolio are managed as a group to achieve strategic business objectives. b. Portfolios cannot include operations. c. Portfolios usually include a mix of some high-risk, high-reward projects and some low-risk projects. d. Each project in the portfolio should have a direct positive impact on the organization

b. Portfolios cannot include operations

The project sponsor is discussing the selection of possible projects with the team leader. During project selection using Agile methods, which statement is true when considering what is the primary organization at a lower level? a. Projects and subprojects. b. Products and sometimes projects. c. Find and create the highest value capability for the customer first. d. Visual showing high-level plans of products expected to be created during each release.

b. Products and sometimes projects.

Executive management at Orion Enterprises was evaluating a number of projects to add to the company's portfolio. They began the process by assessing the larger environment in which the projects would be conducted. This included political, social, market, and environmental factors. Which of the PMBOK 7e domains was represented by these activities? a. Planning b. Uncertainty c. Stakeholders d. Development Approach

b. Uncertainty

Which of the answers below does NOT describe one of the four core values of Agile that were set forth in the Agile Manifesto? a. Value individuals more than processes b. Value negotiation more than customer collaboration c. Value working software more than documentation d. Value response to change over following a plan

b. Value negotiation more than customer collaboration

The _______ best describe(s) why a project is being undertaken. a. statement of work b. business case c. subprojects d. source selection criteria

b. business case

Programs are distinct from projects and portfolios, viewed from a number of perspectives including scope, change, plan, monitor, success, and manage. Which of the answers below is NOT a characteristic of a program? a. Larger scope b. Detailed plans c. Significant benefits d. Detailed component plan

b. detailed plans

The goal of _____________ is to achieve the maximum benefit toward the strategic goals of the company. a. program management b. portfolio management c. subproject management d. project management

b. portfolio management

When preparing a project proposal, the contractor should understand the project's _______ criteria. a. financial b. source selection c. technical d. operational

b. source selection

There is an ongoing debate in the project team regarding who determines the priority of what will be delivered to the client. During project selection using Agile methods, which statement is true when considering how is work prioritized? a. Scoring model. b. Use the product roadmap. c. Backlog refining led by Product Owner. d. The simplest version of a product with just enough features to gain quick customer feedback.

c. Backlog refining led by Product Owner.

The document that includes the necessary information to determine whether a project is worth the required investment, and is used for decision making by upper management, is called the: a. Project Scope Statement b. Project Charter c. Business Case d. Case Study

c. Business Case

Which of these is NOT one of the four common ways of classifying projects? a. Classifying by Application b. Classifying by Industry c. Classifying by Geographic Location d. Classifying by Size

c. Classifying by Geographic Location

All but one of the projects described below would be best planned using an adaptive or change-driven life cycle. For which of these examples would adaptive or change-driven planning NOT be appropriate? a. Development of a flying car b. Drug trials to discover a cure for the common cold c. Construction of a new parking garage d. Creation of a new fashion line for the spring season

c. Construction of a new parking garage

All of the following factors should be assessed to determine an organization's ability to perform projects EXCEPT: a. Do we have teams with the right attitude to work together, use free and open communication, be creative, and be empowered to make decisions? b. Do we have clearly defined project management processes? c. Do teams and individuals follow instructions well? d. Do we monitor and understand our external environment?

c. Do teams and individuals follow instructions well?

The majority of the "hands-on" tasks are typically completed during what stage of a project life cycle? a. Selecting and initiating b. Planning c. Executing d. Closing and realizing

c. Executing

A Guide to the Project Management Body of Knowledge (PMBOK Guide 6e) organizes project work into process groups and knowledge areas. Which of the following is not PMBOK Guide 6e Knowledge Area? a. Procurement management b. Integration management c. Execution management d. Communications management

c. Execution management

With the strategic analysis, mission, and vision in place, strategic objectives to achieve the mission and vision are developed. Organizations that embrace the triple bottom line in their guiding values will have objectives promoting each one of them, and projects that are selected will contribute toward each. Which of these is NOT part of an organization's triple bottom line? a. Profit b. People c. Processes d. Planet

c. Processes

The Agile project team leader disagrees with the project sponsor on the definition of Program Management. Which statement is NOT true when considering Portfolio, Program, Project, and Subproject Relationships: a. A program is "related projects, subsidiary programs, and program activities managed in a coordinated manner to obtain benefits not available from managing them individually." b. The projects within a program are related and often share the same goal and require similar resources. c. Program management is a systematic approach of aligning multiple components of the program to achieve the program goals while optimizing the operations and marketing effort required to execute the program. d. Programs and program management are of great importance, specifically for the government and large and multinational corporations.

c. Program management is a systematic approach of aligning multiple components of the program to achieve the program goals while optimizing the operations and marketing effort required to execute the program

Which of these scenarios would NOT be considered a cause of project failure? a. Inadequate user involvement b. Unclear or unrealistic expectations c. Project participants learn new skills d. Lack of executive support

c. Project participants learn new skills

Which of these would be considered an adequate description of project success? a. Project was completed three months late. b. Project was delivered on time and on budget through the heroic efforts of two team members. c. Project resulted in market share growth, new products launched, and new technology capabilities. d. Company went 50% over budget to correct incomplete scope definition, and produced deliverables that satisfied customers.

c. Project resulted in market share growth, new products launched, and new technology capabilities.

A narrative description of products, services, or results to be delivered by the project is a: a. Request for information b. Business case c. Project statement of work d. Elevator pitch

c. Project statement of work

After a scoring model has been used to select projects, key decision makers will prioritize them by determining which projects will be assigned resources and a start date. Which of these issues would NOT be a consideration for prioritizing projects? a. The final weighted score for the project b. The urgency of each project c. The net present value of the project d. The cost of delaying the expected benefit of the project

c. The net present value of the project

In a departmental staff meeting, the compliance officer of a U.S. medical records company announced a new project to expand the online records database by converting several years of hard copy archives to digital information. They assigned a project manager, and initial time and cost estimates were created. The project was quickly underway. The PM soon realized that a key stakeholder had not been consulted during planning, and several critical requirements for the conversion had been overlooked. Senior Management, belatedly made aware of the project, also questioned its importance and reassigned one of the key team members to a high profile project that satisfied important strategic goals for the organization. Which of these statements about the project's success or failure is not true? a. The project is a failure because of incomplete or unclear requirements. b. The project is a failure because it has inadequate executive support. c. The project is a success because it addresses the compliance officer's departmental goals. d. The project is a failure because of inadequate user involvement.

c. The project is a success because it addresses the compliance officer's departmental goals.

A clear and inspirational vision statement will have all the following characteristics EXCEPT: a. often requires extra effort to achieve. b. are often multiyear goals c. provide a detailed roadmap for managing a project d. long-term desired change or direction

c. provide a detailed roadmap for managing a project

All of the following may be negotiated between a client company and a contractor EXCEPT: a. the amount of money to be paid b. quality standards c. selection criteria for scoring models d. personnel assignments

c. selection criteria for scoring models

In Adaptive Life Cycles (change-driven or Agile methods), ____________________. a. the overall scope of the project is fixed, and the time and cost are developed incrementally b. the overall cost is fixed, and the project scope and schedule are developed iteratively c. the time and cost are fixed, but the scope is developed iteratively d. change control is very important

c. the time and cost are fixed, but the scope is developed iteratively

An organization's ______ is/are a one-sentence statement describing the clear and inspirational long-term, desired change or direction resulting from an organization or program's work. a. mission b. strategic analysis c. vision d. beliefs

c. vision

A project manager and team are working for an automotive manufacturer on a project to design a self-driving automobile. They have worked with the customer to identify all of the characteristics the automobile should have to satisfy the customer's stated needs. They have identified the deliverables that will need to be created to meet the requirements, and have developed a project schedule that the client has approved. Which of the answers below does NOT describe one of the project constraints that the team has addressed so far? a. Scope b. Quality c. Time d. Budget

d. Budget

All projects go through predictable stages called a project life cycle, where the project moves through a series of phases from project initiation to project closure. During which of these phases are loose ends tied up? a. Selecting and initiating b. Planning c. Executing d. Closing and realizing

d. Closing and realizing

The PMBOK Guide 7e describes eight project performance domains, groups of critical, related, and overlapping activities that are needed on all projects. In which performance domain would the desired outcomes include: a reliable understanding of project status, actionable data for decision making, actions to keep performance on track, and achieving targets? a. Uncertainty Performance Domain b. Team Performance Domain c. Planning Performance Domain d. Measurement Performance Domain

d. Measurement Performance Domain

Financial models are used as screening devices to qualify projects or even just to offer perspective; qualified projects then go through a selection process using a scoring model. Which of these financial models calculates how many years would be required to recover the initial project investment? a. Net present value (NPV) b. Internal rate of return (IRR) c. Benefit-cost ratio (BCR) d. Payback period (PP)

d. Payback period (PP)

A project to build a new playground near an elementary school has been approved by the city council, and funds have been set aside for the project. The land for the playground was previously a vacant lot and has been donated to the city by its owner. This initiative will affect a number of stakeholders and stakeholder groups. Which of the individuals or groups listed below would NOT be a project stakeholder for the playground? a. The families of the children who will use the playground b. The city council c. The project manager and team d. Retail stores in the city

d. Retail stores in the city

You are a new project manager seeking to better understand the body of knowledge. Which of the following are included in the eight performance domains of the project management body of knowledge: a. Stakeholder, Team, Work, Delivery, and Uncertainty b. Stakeholder, Team, Complexity, Delivery, and Risk c. Stakeholders, Value, Work, Tailor, and Uncertainty d. Stakeholder, Quality, Risk, and Change

d. Stakeholder, Quality, Risk, and Change

Several of the PMBOK 7e domains impact project selection. The PMBOK 7e takes an explicitly wide-frame view of the value projects provide not just to the project team and customers but also to the performing organization as a whole. Which of the domains below demonstrates this view? a. Team b. Development Approach c. Planning d. Stakeholders

d. Stakeholders

You are a new project manager seeking to better understand the principles of the project management. Which of the following are included in the twelve principles of the project management body of knowledge: a. Stewardship, Team, Work, Delivery, and Change b. Stewardship, Tailor, Planning, Work, and Delivery c. Stakeholder, Team, Complexity, Leadership and Change d. Stewardship, Tailor, Complexity, Leadership and Change

d. Stewardship, Tailor, Complexity, Leadership and Change

External Analysis (SWOT)

he external analysis (elements over which the project team has little or no control) consists of opportunities and threats that are posed by external players such as competitors, suppliers, customers, regulatory agencies, and technologies.

You have been assigned as the project manager with a team of seven. You seek to identify project roles and distinguish key responsibilities for project team members. The four plan-driven project executive-level roles are: a. The project manager, functional manager, steering team, and the project management office. b. The project manager, functional manager, facilitator, and the customer. c. The sponsor, customer, steering team, and the project manager. d. The sponsor, customer, steering team, and the project management office.

d. The sponsor, customer, steering team, and the project management office

All of these are characteristics of programs EXCEPT: a. larger scope than projects b. significant benefits c. high-level program plan d. high-level component plans

d. high-level component plans

Which project role provides resources or support for the project, promotes and protects the project at higher levels of management, and takes an active role in the project from the chartering stage through project closure? a. functional manager b. project manager c. project team member d. project sponsor

d. project sponsor

Organizations that use Agile methods often use ________ showing the functionality that will be developed in each release to consider upcoming work. a. portfolios b. programs c. projects and subprojects d. roadmaps

d. roadmaps

Project management is best described as including administrative and technical/managerial tasks for planning, documenting, and controlling work, as well as __________. a. operational tasks to ensure that the ongoing work of the organization continues to function effectively b. leadership tasks for visioning, motivating, and promoting work associates c. political tasks for managing customers and business partners d. strategy development tasks that will be used in project selection

leadership tasks for visioning, motivating, and promoting work associates