PMP Questions ID 4082 a project is considered successful when

Select one

the product of the project is turned over to the operations area to handle the ongoing aspects of the project.

the project sponsor announces the completion of the project.

the product of the project has been manufactured.

the project achieves its objectives and meets the expectations of the stakeholders.

Select four

Ensuring that documents are kept up to date with versioning control

Ensuring that documents are printed and stored in a project notebook(s) for future reference

Ensuring that documents and artifacts are distributed appropriatel

Ensuring that documents are stored appropriately

Ensuring that documents are easily accessible to stakeholders

You are a project manager for Zippy Tees. Your selection committee has just chosen a project you recommended for implementation. Your project is to manufacture a line of miniature stuffed bears that will be attached to your company's trendy T-shirts. The bears will be wearing the same T-shirt design as the shirt to which they're attached. Your project sponsor thinks you've impressed the big boss and wants you to skip to the manufacturing process right away. What is your response?

Select one

Agree with the project sponsor because that person is your boss and has a lot of authority and power in the company.

Require that a preliminary budget be established and a resource list be put together to alert other managers of the requirements of this project. This should be published and signed by the other managers who are impacted by this project.

Require that a project charter be written and signed off on by all stakeholders before proceeding.

Suggest that a preliminary business case be written to outline the objectives of the project.

Select one

Discounted cash flow analysis is the least precise of the cash flow techniques because it does not consider the time value of money.

NPV is the least precise of the cash flow analysis techniques because it assumes reinvestment at the discount rate.

Payback period is the least precise of the cash flow analysis techniques because it does not consider the time value of money.

IRR is the least precise of the cash flow analysis techniques because it assumes reinvestment at the cost of capital.

Your selection committee is debating between two projects. Project A has a payback period of 18 months. Project B has a cost of $125,000, with expected cash inflows of $50,000 the first year and $25,000 per quarter after that. Which project should you recommend?

Select one

Either Project A or Project B, because the payback periods are equal

Project A, because Project B's payback period is 21 months

Project A, because Project B's payback period is 24 months

Project A, because Project B's payback period is 20 months

New PMP Question & Answers with explanation