PMP Questions business environment knowledge page 17

Select one

Lessons learned and historical repositories

Company culture and organizational structure

Existing policies, procedures, and guidelines

Stakeholder registers from past similar projects

Select three

Directive

Center of Excellence

Supportive

Controlling

163.

You are a project coordinator and work in an organization that is considered to be a weak-matrix organizational type. What is a disadvantage of working in this type of organization?

Select one

You have little authority.

You have limited funds.

You can only use the waterfall methodology.

You have job and role stability.

Select one

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

The net quantifiable benefit derived from a business endeavor

Critical success factors of the project

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

165.

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.

Select one

Benefit measurement methods

Constrained optimization analysis

NPV calculations

Alternatives analysis

167.

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

Select one

Marketplace conditions

Configuration management knowledge base

Financial management and accounts payable system

Procurement policies

169.

You are the project manager of a construction company that is working on a project to build a new community of townhomes. A vendor that is bidding on the electrical contract for the project knows you are a big fan of your favorite comedian and sends you two tickets to attend a show. You know that the tickets are expensive, valued at more than $500 based on the location of the seats. What should you do?

Select one

Respectfully decline the gift and send back the tickets.

Accept the tickets since you already accepted another gift from a separate vendor competing for the same contract.

Respectfully decline the gift but keep the tickets for evidence.

Accept the tickets, but take the project sponsor, who is also a fan of the comedian.

170.

You have been with your company for three months. You were hired as a project manager and are anxious to get started on your first project. Your organization is considering taking on a project that has considerable risk associated with it and you don’t know the outcome. The selection committee is meeting two weeks from today to decide on this project. Since you’re new to the company, you want to make a good impression. Which of the following will you do?

Select one

You make certain that the product description is documented, the strategic plan is considered, and historical information is researched before writing the project charter.

You make certain to pass on the information you’ve gathered and documented to the project sponsor so that she can write the project charter.

You know some of the deliverables in this project will be purchased. You will use EVM techniques to help optimize life-cycle costs when you get to the processes in the Project Cost Management Knowledge Area.

You recommend a feasibility study be conducted as a separate project from this one because the outcome of the project is unknown.

175 New PMP Business environment Questions & Answers with explanation