PMP Questions ID 2952 which organizational process asset should you consider when closing out a project or phase

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Marketplace conditions

Configuration management knowledge base

Procurement policies

Financial management and accounts payable system

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.

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?

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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.

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

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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.

New PMP Question & Answers with explanation