PMP Questions ID 1028 project management is concerned with managing which type of project knowledge page 142

1411.

Quincy and Michael are two executives of Widgets for Life, a company providing the latest cool lifestyle gadgets. As part of their annual planning process, they sit down to evaluate three projects linked to their department objectives. They decide to use benefit measurement methods to help them choose which project to select. Which of the following analysis tools are they likely to use?

Select one

Linear

Benefit-cost ratio

Multi-objective programming

Nonlinear

Select one

Marketplace conditions

Configuration management knowledge base

Financial management and accounts payable system

Procurement policies

1413.

You are the project manager of a construction company that is working on a project to build a new community of townhomes. A vendor that is bidding on the electrical contract for the project knows you are a big fan of your favorite comedian and sends you two tickets to attend a show. You know that the tickets are expensive, valued at more than $500 based on the location of the seats. What should you do?

Select one

Respectfully decline the gift and send back the tickets.

Accept the tickets since you already accepted another gift from a separate vendor competing for the same contract.

Respectfully decline the gift but keep the tickets for evidence.

Accept the tickets, but take the project sponsor, who is also a fan of the comedian.

1414.

You have been with your company for three months. You were hired as a project manager and are anxious to get started on your first project. Your organization is considering taking on a project that has considerable risk associated with it and you don’t know the outcome. The selection committee is meeting two weeks from today to decide on this project. Since you’re new to the company, you want to make a good impression. Which of the following will you do?

Select one

You make certain that the product description is documented, the strategic plan is considered, and historical information is researched before writing the project charter.

You make certain to pass on the information you’ve gathered and documented to the project sponsor so that she can write the project charter.

You know some of the deliverables in this project will be purchased. You will use EVM techniques to help optimize life-cycle costs when you get to the processes in the Project Cost Management Knowledge Area.

You recommend a feasibility study be conducted as a separate project from this one because the outcome of the project is unknown.

1415.

All of the following are true regarding the organizational process assets updates output of the Manage Communications process except for which one?

Select one

Stakeholder notifications are part of this output and go hand in hand with one of the areas covered in the Role Delineation Study in the PMI Code of Ethics and Professional Conduct.

Project reports are part of this output and include status reports, among others, and according to the PMI Code of Ethics and Professional Conduct, the status of projects should always be truthful.

Lessons learned documentation is part of this output, and lessons learned meetings should be conducted at the end of project phases and at the end of the project at a minimum.

Feedback from stakeholders is part of this output and can improve performance on future projects, but it is too late to incorporate the feedback on the current project.

Select one

Conflicts of interest might include your associations or affiliations.

Accepting vendor gifts is sometimes acceptable.

Fairness includes avoiding favoritism and discrimination.

Fairness encompasses diversity training and preventing culture shock.

1417.

Reasons to Lyv is the top client of a large marketing firm. Trudy is the president of Reasons to Lyv and has decided to launch a product that leverages new GPS tracking technology. She has high confidence that the project will be a success and asks the marketing firm to make it their top priority by generating a unique campaign that will run in parallel with her project. Billy, a top executive from the marketing company, briefs his team about this unique situation that they have not managed before, and a project is launched shortly thereafter. Billy’s project came about as a result of what?

Select one

Strategic opportunity

Environmental considerations

Technological advance

Customer request

Select one

Projects

Project management

Portfolio management

Programs

1419.

A project manager has just been assigned to a newly approved project and has been tasked with developing the first draft of the project charter. To better understand the financials, the project manager decides to review the net present value and payback period calculated for the project. Which of the following can the project manager reference for this information?

Select one

Project budget

Business case

Benefits management plan

Project charter

Select three

The requirement stage, which establishes the project and contract needs, is related to the Plan Procurement Management process.

The requisition stage, where responses to procurement documents are reviewed, is related to the Conduct Procurements process.

The award stage, where the contract is awarded, is related to the Conduct Procurements process.

Two of the outputs of the Plan Procurement Management process are inputs to the Conduct Procurements process.

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