You work as a full-time project manager working within the customer operations organization, reporting to the VP of customer solutions. Your supervisor manages the project budget. Which organizational structure do you join in?

All of the following statements are correct regarding NPV except which one?

NPV is the discount rate when IRR equals zero.

This answer is stated backwards. IRR is the discount rate when NPV equals zero.

Functional (centralized), matrix, and project-oriented are terms of which of the following?

Organizational structures

Organizational structures are the forms that an organization can take and their influence on projects. They describe the style, culture, and way of communicating that influence how project work is performed.

Select the best definition of a program?

Related projects, subsidiary programs, and program activities managed in a coordinated manner to obtain benefits not available from managing them individually

A program is defined as related projects, subsidiary programs, and program activities managed in a coordinated manner to obtain benefits not available when managing them individually. The other options provide the definition of a project, progressive elaboration, and product life cycle.

Cindy is practicing servant leadership. As the project manager, she gathers her team together to prepare them for the upcoming project. In explaining the benefits of business value, what points is she likely to stress? (Select Three)

Accountability

Improved quality

Prioritization

According to the Agile Practice Guide, stakeholders should be educated on why and how to be Agile. This includes understanding the benefits of business value based on prioritization, greater accountability and productivity of empowered teams, and improved quality.

You work as a project manager and are meeting with your team. The aim of this meeting is to determine which compliance processes you should practice to effectively operate the project. Which of the following describes what you’re working on?

Tailoring

Tailoring refers to determining which project management processes to use when managing and conducting the project.

The project manager analyses lessons learned from past similar projects to kick the project off on the right foot. What input contains experience learned and historical information from past projects?

Organizational process assets

Although the lessons learned register is a tempting choice and is an artifact of the project, assets. Organizational process assets are the organization’s policies, guidelines, processes, procedures, plans, approaches, and standards for conducting work, including project work. They are a frequent input to the project management processes.

You are the newly assigned project manager of a high-profile, critical project for your organization. The project team is structured outside your normal organizational arrangement, and you have full authority for this project. What type of organization does this represent?

Hybrid

Hybrid organizations are a combination of various organizational types and typically involve a project-oriented structure coexisting within a functional organization.

Select the best description of Backlog refinement？

The progressive elaboration of project requirements to satisfy the need of the customer request

According to the Agile Practice Guide, backlog refinement is defined as the progressive elaboration of project requirements and/or the ongoing activity in which the team collaboratively reviews, updates, and writes requirements to satisfy the need of the customer request.

Which action should you do next?

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

This is the best answer to this question. This is a high-risk project, and a feasibility study should be conducted as a separate project because the outcome is unknown.

You work in an organization that is known as a project-oriented organizational type. What is a benefit of working in this type of organization?

You have high to almost total access to resources.

Within a project-oriented organization, the project manager has a high degree of authority, and projects are treated with priority. A project manager has high to almost total resource access/availability, since team members are often dedicated to the project.

This project came about as an outcome of which of the following?

Business need

This came about because of a business need. Staff members were spending unproductive hours converting information, causing the company loss. The time the employees spent converting the information could have been spent doing something more productive.

What document is the project manager likely to share with Robert?

The benefits management plan

The benefits management plan describes how and when the benefits of the project will be delivered. It captures the target benefits, strategic alignment, timeframe for realizing benefits, and the metrics of how the benefits will be measured, along with other key information relating to business value delivered.

Select the following that isn't an example of constrained optimization methods?

Economic models

Economic models are an example of a benefit measurement method, not a constrained optimization method. These are project selection techniques that can be used to measure the advantages or merits of the product of the project.

Premature closure of a project phase that is operating using an Adaptive approach is likely to experience greater failure because of sunk costs versus a project managed practicing a Predictive approach.

This is a false statement.

This is a false statement. Projects using an Adaptive approach prioritize work based on the highest business value items first. This reduces the failure of premature closure due to sunk costs because early benefits realization occurs.

You work as a full-time project manager working within the customer operations organization, reporting to the VP of customer solutions. Your supervisor manages the project budget. Which organizational structure do you join in?

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