PMP Questions ID 2956 which of the following best defines business value

Which of the following best defines business value?

Select one

An outcome of actions, behaviors, products, services, or results that provide value to the organization

The net quantifiable benefit derived from a business endeavor

Critical success factors of the project

The explanation for how benefits will be created, maximized, and sustained by the project

You have just started working for a new company. Your previous project management experience made you stand out from your competitors. Your new business cards are being printed with the title of project coordinator. You discover that the project charter for the project you are working on was never written, so you volunteer to draft one, even though the work of the project has started. The vendor who is assisting with the project is already on board and is working with (and reporting to) the engineering division. You report to the construction division. Which of the following is true?

Select one

You are working in a weak matrix organization and are in the Executing phase of the project.

You are working in a strong matrix organization and are in the Initiating phase of the project.

You are working in a strong matrix organization and are in the Executing phase of the project.

You are working in a weak matrix organization and are in the Planning phase of the project.

Answer

PMP Question No 2954 - All Domains

Project selection methods might include all of the following except for which one?

Select one

Benefit measurement methods

Constrained optimization analysis

NPV calculations

Alternatives analysis

Answer

PMP Question No 2953 - All Domains

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

Answer

PMP Question No 2952 - All Domains

Which organizational process asset should you consider when closing out a project or phase?

Select one

Marketplace conditions

Configuration management knowledge base

Financial management and accounts payable system

Procurement policies

Answer

New PMP Question & Answers with explanation