PMP Questions ID 4072 you are the project manager for the late night smooth jazz club chain with stores in 12 states

You are the project manager for the Late Night Smooth Jazz Club chain, with stores in 12 states. Smooth Jazz is considering opening a new club in Kansas City or Spokane. You have derived the following information: Project Kansas City: The payback period is 27 months, and the IRR is 6 percent. Project Spokane: The payback period is 25 months, and the IRR is 5 percent. Which project should you recommend to the selection committee?

Select one

Project Spokane, because the payback period is the shortest

Project Spokane, because the IRR is the lowest

Project Kansas City, because the payback period is the longest

Project Kansas City, because the IRR is the highest

You are the project manager for the Late Night Smooth Jazz Club chain, with stores in 12 states. Smooth Jazz is considering opening a new club in Arizona or Nevada. You have derived the following information: Project Arizona: The payback period is 18 months, and the NPV is (250). Project Nevada: The payback period is 24 months, and the NPV is 300. Which project would you recommend to the selection committee?

Select one

Project Arizona, because the payback period is shorter than the payback period for Project Nevada

Project Nevada, because its NPV is a positive number

Project Arizona, because its NPV is a negative number

Project Nevada, because its NPV is a higher number than Project Arizona's NPV

You need to collaborate with the stakeholders to determine project approval requirements. Which of the following describes project approval requirements?

Select one

This describes what constitutes project success and how it will be measured.

This describes the conditions that must be met in order to close the project.

This is used in agile project management to determine if an iteration is successful.

This is determined by the project manager in the project charter.

When using an agile methodology to manage your project, all of the following Knowledge Areas have processes that are performed before, during, and after an iteration except for which one?

Select one

Risk Management

Schedule Management

Procurement Management

Quality Management

Your nonprofit organization is preparing to host its first annual 5K run/walk in City Park. You worked on a similar project for the organization two years ago when it cohosted the 10K run through Overland Pass. Which of the organizational process assets might be most helpful to you on your new project?

Select one

The organization's marketing plans

Historical information from a previous project

The marketplace and political conditions

The organization's project management information systems

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