PMP Questions ID 3011 you work in the pharmaceutical industry and your organization is considering building a new labo

You work in the pharmaceutical industry, and your organization is considering building a new laboratory facility in the Northwest. Market demand is driving new research for diet medications, and the new lab would be dedicated to this product development project. Some stakeholders in your organization are not certain a new lab facility is needed because there is space that can be used in an existing building to host the diet medication research project. You’ve conducted a feasibility study, and the results show two possible ways to meet the space needs. Which of the following is true regarding this situation?

Select one

Project selection methods are an output of an Initiating group process that can be used to choose among alternative ways of doing a project. Project managers are generally involved with selecting among alternative projects.

Project selection methods are used before the Develop Project Charter process to choose among alternative ways of performing a project.

Project selection methods are concerned with the type of things executive managers think about, such as public perception, financial return, customer loyalty, and market share.

Project selection methods are used by executive managers to determine things such as public perception, financial return, customer loyalty, and so on, and are used only to choose among alternative projects.

Robert is a new executive hired to lead the marketing department of a telecommunications company. He sits down with his most senior project manager to review a proposal that was created by one of his directors, pitching a new project. The proposal contains a business summary of market demand that justifies the need for the project, the expected outcomes, return on investment, and a comprehensive cost analysis. The proposal can also be described as:

Sally and Joe are two project managers working in the corporate offices of a popular fast-food franchise. They are both studying for their PMP certification, and as usual, they debate the latest topic on the agenda. Joe insists that when a project ends because of a lack of resources, this is referred to as starvation, whereas Sally insists that it is referred to as integration. Who is correct?

New PMP Question & Answers with explanation