PM Test Center » initiating

Identify Stakeholders process output

Gabe Young — Sat, 10 Jul 2010 04:01:59 +0000

The main output of the Identify Stakeholders process is:

A. Performance reports
B. Stakeholder register
C. Project charter
D. Communications management plan

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Integration tool and technique

Gabe Young — Sat, 03 Jul 2010 04:01:35 +0000

Which tool and technique is used throughout the entire Integration process group?

A. Project charter
B. Expert judgment
C. Project management plan
D. Organizational process assets

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Stakeholder analysis models

Gabe Young — Mon, 28 Jun 2010 04:01:13 +0000

Types of stakeholder analysis models include all of following except:

A. Influence/satisfaction grid
B. Influence/impact grid
C. Power/interest grid
D. Power/influence grid

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Processes in Initiating process group

Gabe Young — Fri, 11 Jun 2010 04:01:14 +0000

Processes in the Initiating process group are:

A. Develop Project Charter, Identify Stakeholders
B. Develop Project Charter, Develop Preliminary Scope Statement
C. Develop Project Management Plan, Identify Stakeholders
D. Develop Project Management Plan, Plan Communications, Identify Stakeholders

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Sunk costs

Gabe Young — Sun, 23 May 2010 04:01:52 +0000

Your company is in the process of deciding whether to continue with Project A or terminate it and begin Project B instead. You have already invested 12 months and $100,000 on Project A. It will take another 24 months and $50,000 to complete it. Project B is actually a better solution since the end product will result in a greater long-term savings. However, it will take 18 months and $250,000 to complete. Additionally, all time and money spent on Project A already would be wasted. Which project should the company chose?

A. Project A because the company has already spent 12 months and $100,000
B. Project A because it is still more inexpensive than Project B
C. Project B because time and money spent on Project A is irrelevant to the decision
D. Project B because it can be completed in less time than Project A

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Net present value (NPV)

Gabe Young — Sat, 24 Apr 2010 04:01:16 +0000

While determining which project to pursue, your management decides to use net present value (NPV) as the key criteria. If the NPV for Project X is 12,000 and the NPV for Project Y is 15,000, which project should be chosen?

A. Project X
B. Project Y
C. Either can be chosen since the numbers are so close
D. NPV cannot be used to chose projects

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Internal rate of return (IRR)

Gabe Young — Fri, 23 Apr 2010 04:01:24 +0000

While determining which project to pursue, your management decides to use internal rate of return (IRR) as the key criteria. If the IRR for Project X is 10% and the IRR for Project Y is 8%, which project should be chosen?

A. Project X
B. Project Y
C. Either can be chosen since the numbers are so close
D. IRR cannot be used to chose projects

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Project charter functions

Gabe Young — Wed, 21 Apr 2010 04:01:32 +0000

All of the following are functions of a project charter except:

A. Formalizes a project
B. Describes project deliverables in detail
C. Identifies a project manager
D. Documents initial requirements

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Project scope vs. product scope

Gabe Young — Sun, 18 Apr 2010 04:01:51 +0000

Which of the following statements about project scope and product scope is true?

A. Product scope ensures effective flow of a project while project scope is used to create a product.
B. Project scope and product scope can be used synonymously.
C. Product scope cannot be used to describe a project but project scope can be used to describe a product.
D. Project scope refers to work that needs to be accomplished to create a product; product scope refers to features that characterize a product.

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Initiating processes

Gabe Young — Wed, 24 Mar 2010 05:01:00 +0000

You are in the initiating phase of the project. After the project charter is created, which of the following processes would you mostly likely work on next?

A. Collect Requirements
B. Acquire Project Team
C. Plan Communications
D. Identify Stakeholders

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