PMP Questions ID 2954 project selection methods might include all of the following except for which one

Select one

Benefit measurement methods

Alternatives analysis

NPV calculations

Constrained optimization analysis

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

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?

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.

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