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Question:

Which of the following statements is incorrect regarding this project?

A The Initiating processes occur at the beginning of the project, when chances for a successful completion are high and the staffing levels are low.

explanation

The Initiating processes are characterized by low costs, low staffing levels, decreased chances for a successful completion, high risk, and the greatest amount of stakeholder influence concerning the characteristics of the product or service of the project. Initiating acknowledges that the project or next phase of the project should begin and authorizes the assignment of resources.

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Which project should the committee select?

Project A

IRR is the discount rate when the present value of the cash inflows equals the original investment. Project C’s original investment equals the present value of its cash inflows at a discount rate of 7 percent. Therefore, Project A has the highest IRR and should be chosen above the other two.

Which of the following does this describe?

Cost-benefit analysis

This describes the cost-benefit analysis tool and technique of the Plan Quality Management process.

Which process is concerned with effectively engaging stakeholders, understanding their needs and interests, comprehending the good and bad things they bring to the project, and understanding how the project will influence them?

Plan Stakeholder Engagement

Plan Stakeholder Engagement is concerned with effectively engaging stakeholders, understanding their needs and interests, understanding the good and bad things they bring to the project, and understanding how the project will affect them.

All of the following statements are correct regarding the Manage Project Knowledge process except for which one?

It is performed at the end of the Executing process group.

The Manage Project Knowledge process, like most processes, is performed iteratively throughout the project’s life cycle.

Alyssa is a project manager tasked with managing an infrastructure project that will gather five data centers into one. She pulls together a core set of professionals who have worked on similar projects to discuss how scope should be managed. What tool or technique is Alyssa practicing?

Expert judgment

Alyssa is carrying out the Plan Scope judgment technique to help produce the scope management plan.

A project manager is preparing to get the resources needed to perform the work of the project. What project document is the project manager likely to reference as an instruction to both acquiring and managing the project resources?

Resource management plan

While the project management plan is technically a correct answer, the question specifically refers to the resource management plan (a component of the project management plan).

Forming, storming, norming, performing, and adjourning are what?

Tuckman’s team development model

The Tuckman ladder, developed by Dr. Bruce Tuckman, is a team development model that identifies the various stages of development that a team goes through together.

Plan Schedule Management, Estimate Activity Durations, and Control Schedule are processes that belong to what project management Knowledge Area?

Project Schedule Management

Plan Schedule Management, Estimate Activity Durations, and Control Schedule are processes that belong to the Project Schedule Management Knowledge Area. Other processes belonging to this Knowledge Area include Define Activities, Sequence Activities, and Develop Schedule.

All of the following statements are correct about the Project Resource Management Knowledge Area, except for which one?

The Knowledge Area is responsible only for the identification, management, and monitoring of human resources.

This Knowledge Area is responsible for both human and physical resources.

You have used several cash flow remedies to determine alternative ways of performing your current project. Which of the following do you know is correct regarding the outcomes of your cash flow analysis?

NPV and IRR will generally give you the same accept/reject decision.

NPV and IRR will generally bring you to the same accept/reject decision.

Which of the following statements is correct? (Select two.)

The goal of project management is to produce business value in the best way possible.

An organization should choose the delivery method that best produces business value.

According to the Agile Practice Guide, the goal of project management is to produce business value. The method that a team uses to deliver value should be based on which would yield the most successful outcome. This is often driven by the nature of the project and the circumstances surrounding the project.

Which type of estimating technique can have a high level of correct?

Parametric estimating

Parametric estimating uses mathematical models to calculate cost estimates through historical data, resulting in a fairly accurate estimate.

The project manager has just determined that three functional managers with a high interest in the project hold a particularly high degree of influence in the distribution of company resources. Choose the document that the project manager is likely to gain this information?

Stakeholder register

The project manager is in the process of carrying out the Identify Stakeholders process. The stakeholder register, the primary output, captures the list of stakeholders and documents information about them, including any assessment information.

Availability, experience levels, interests, cost, and abilities of project resources are deemed as part of which input to the Acquire Resources process?

Enterprise environmental factors

Enterprise environmental factors are both internal and external factors that can influence or impact a project. In the Acquire Resources process, enterprise environmental factors is a key input that represents existing information on organizational resources, such as availability, experience levels, interests, costs, and competence levels.