PM Ch 2

agreements, business documents, EEF, OPA's

What are the inputs to Development Project Charter process

This describes what constitutes project success and how it will be measured.

Which of the following describes project approval requirements

It describes how the benefits of the project will be measured and obtained.

Which of the following is not true regarding the purpose of a business case

Payback period is the least precise of the cash flow analysis.

Which of the following is true

NPV assumes reinvestment as the cost of capital.

Which of the following is true regarding NPV

IRR is the discount rate when NPV is = 0

Which of the following is true regarding the IRR

Develop Project Management Plan, Direct and Manage Project Work, Perform Integrated Change Controls

Which of the following list of processes belong to the Project Integration Management Knowledge Area?

Resource availability is an example of internal EEF

Which of the following statements is not true regarding EEFs and OPAs

The project charter should be issued by the project sponsor.

Which one of the following is true regarding the project charter

The salience model is useful for displaying stakeholder analysis

You are in the process of analyzing and visually representing your stakeholders. All of the following are true regarding these tools and techniques except for which one.

39 months

You are the project manager for insomniacs international. Since you don't have much sleep you get a lot of project work done. You are considering recommending a project that cost $575,000 expected in flows are 25,000 pork or for the first two years and in 75,000 per quarter after that what is the payback period

Project Kansas City since it has the highest IRR

You are the project manager for the late night smooth jazz club chain with stores in 12 states. Smooth jazz is considering opening a new club in Kansas City or Spokane. You have derived the following information; Project Kansas City: the payback periods 27 months, in the IRR are a 6%. Project Spokane: the payback period is 25 months and that IRR is 5%.

Project Nevada because it has a higher NPV

You are the project manager of a late night smooth jazz club with stores in 12 states. Smooth jazz is considering opening a new club in Arizona or Nevada you had to ride the following information: Project Arizona: the payback period is 18 months and the NPV is (250). Project Nevada: the payback periods 24 months, and the NPV is 300

The project's sponsor should document the business needs for the project and recommend that a feasibility study be performed to determine the viability of the project

You work for a large manufacturing plant. Your firm is Thinking of initiating a new project to release an overseas product line. This is the company's first experience in the overseas market, and it wants to make a big splash with the introduction of this product. The project entails producing your product in the concentrated formula and packing and change it in a smaller container than in the U.S.. A new machine is needed in order to mix the first set of ingredients in the concentrated formula. Which of the following actions Is the next best step that the project's sponsor should take

Require that a project charter be written and signed by all stakeholders before proceeding

You're a project manager for the Zippy Tee . Your selection committee has just chosen a project you recommended for implementation. Your project is to manufacture a line of miniature stuffed bears that will be attached to your company's tee shirts. The bears will be wearing the same tee shirt design as the shirt to which they are attached. Your project's sponsor thinks you've impressed the big boss and wants you to skip the manufacturing process right away. What is your response

Project Schedule Management

You're the project manager for Fun Days Vacation Resorts. Your new project assistant is to head up the resort opening in Austin Texas. Your estimating the duration of the project management plan activities, devising the project schedule, and monitoring the controlling deviations from the project schedule. Which of the following Project Management Knowledge Areas are you working in

Organizational Need

You've been hired as a manager for the adjustments department of a Nationwide bank based in your city. The adjustments department is responsible for making corrections to the customer counts. This is a large department, with several smaller sections that deal with specific accounts, such as personal checking or commercial checking. You have received your first set of management reports and cant make heads or tails of the information. Each section refers to use different at methodology to audit their work and record the data for the management report. You request that a project manager from the PMO come down and get started right away on a project to streamline this process and make the data reports consistent. This project came about as a result of which of the following

Historical information from a previous 10k run or similar project.

Your nonprofit organization is preparing to host its first annual five K run and park city. You work than a similar project for the organization two years ago when it co- hosted the 10 K run thru overland pass. Which of the organizational process assets might be most helpful to you and your new project

Project A , because project B's payback period is 21 months

Your selection committee is debating between two projects project A has a payback period of 18 months. Project B has a cost of $125,000, with expected cash flow of $50,000 the first year and $25,000 per quarter after that. Which project should you recommend

Commercial databases

According to the PMBOK Guide, all of the following options concerning the benefits management plan are true except which one