PMP Questions ID 2983 you are the project manager for a company that produces mobile phone applications currently the

You are the project manager for a company that produces mobile phone applications. Currently, the director of the consumer division is evaluating two projects. Funding exists for only one project. Project UV aims to produce a mobile phone application that sends alerts when the UV rays are at dangerous levels, alerting users to stay indoors; Project Fun aims to send alerts when it detects that users have not visited any destinations outside of their usual routine. The director asks you to calculate the payback period and NPV for both projects, and here is what you derive: Project UV: The payback period is 12 months, and the NPV is (100). Project Fun: The payback period is 18 months, and the NPV is 250. Which project would you recommend to the director?

Select one

Project UV, because the NPV is a negative number

Project Fun, because the NPV is a positive number

Project Fun, because the NPV is a higher number than Project UV

Project UV, because the payback period is shorter than Project Fun

PMP Question No 2982 - All Domains

Yasmin is a senior project manager who has just taken on a project that will produce a new line of medical widgets for a Fortune 100 company. The entire industry is buzzing with excitement over this project, which is estimated to span three years and require an investment of $1.5 billion from the company. What type of project is this?

Select one

Megaproject

Strategic project

Program

Portfolio

Answer

PMP Question No 2981 - All Domains

You are the newly appointed project manager of a high-profile, critical project for your organization. The project team is structured outside your normal organizational structure, and you have full authority for this project. What type of organization does this describe?

Select one

Hybrid

Strong matrix

Functional

Balanced matrix

Answer

PMP Question No 2980 - All Domains

All of the following statements are true regarding NPV except which one?

Select one

NPV assumes reinvestment at the cost of capital.

Projects with NPV greater than zero should receive a go decision.

NPV is the discount rate when IRR equals zero.

Projects with high returns early on should be favored over projects with low returns early on.

Answer

PMP Question No 2979 - All Domains

All of the following are true regarding honesty as a value project managers should uphold, except for which one?

Select one

Personal gain should never be a factor in any project decision.

Honesty can include reporting the truth regarding project status.

Honesty only involves information regarding your own background and experience.

Honesty includes being honest about your own experience, not deceiving others, and not making false statements.

Answer