Organizational process assets
You are a project manager for a new client. To help you get acclimated more quickly, she directs you to their organizational process assets in the company archives. You know that when you locate that directory, you will likely find:
A. Industry standards
B. Historical information
C. Financial data
D. Market conditions
Answer: B. Historical information
Organizational process assets typically include processes, policies, templates, and historical information. They are essential inputs and outputs for many processes.
Project — what’s the official definition anyway?
According to PMI®, a project is a(n) __________ endeavor undertaken to create a __________ product, service, or result.
A. special, permanent
B. temporary, unique
C. approved, capable
D. organized, needed
Answer: B. temporary, unique
That definition has been associated with the term since the first version of the PMBOK®.
Organization type with most PM power
Which of the following organization types does the project manager have the most power?
A. Functional
B. Weak matrix
C. Strong matrix
D. Projectized
Answer: D. Projectized
Projectized organizations grants project managers with total control of their projects. That means team members report directly to the project manager. Functional organizations, conversely, provides project managers with the least amount of power since the team members report to a functional, or line of business, manager.
Project phases
Which of the following is true about project phases?
A. There are always five phases: initiating, planning, executing, monitoring and controlling, and closing.
B. Phases are determined by the organization.
C. There are many ways to frame a project and no one method applies to all projects.
D. The project must have more than one phase.
Answer: C. There are many ways to frame a project and no one method applies to all projects.
There is no standard method to manage a project. Project phases may vary by industry, field and individual.
Processes in Closing process group
Processes in the Closing process group are:
A. Close Project or Phase, Verify Scope, Close Procurements
B. Close Project or Phase, Report Performance
C. Close Project or Phase, Close Procurements
D. Close Project or Phase, Administer Procurements
Answer: C. Close Project or Phase, Close Procurements
Close Project or Phase from the Integration knowledge area and Close Procurements from the Procurement knowledge area are the only two processes in the Closing process group.
Stakeholder influence, risk, and uncertainty
As a project progresses, stakeholder influence, risk, and uncertainty will all:
A. Increase
B. Decrease
C. Depend on other factors
D. Stay the same
Answer: B. Decrease
Stakeholder influence, risk, and uncertainty will decrease as project progress through the life cycle. As the deliverables evolve, many more known factors will be revealed.
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