PMP Question Series: Intiation process group

(1) PM should have broad base of experience and knowledge. The best candidate of a PM position is to select a person with well-around knowledge on general management, project management, and technical skill

(2) You customer asked for a 2000-call capacity. however, one of your company's technical experts believes a 3000-call capacity could be reached, while another thinks it needs only 1500-call capacity. What is the best thing to do?
->meet with the customer to better understand the reasons behind the 2000-call capacity requirement

(3) which of the following techniques is the best way to determine project objectives?
(a) (x) delphi (b) expert interview

(4) The purpose of project charter:
establishing a project, authorize project manager, including stakeholders' requirements. NOTE: product acceptance criteria is part of project scope statement

(5) A project manager is completing the WBS with the project team, but the session is hard to manager since there are 200 people in the romm representing different departments. Some people who will be working on the project later are talking about other things while earlier work is discussed. what is the problem?
-> The project manager is really managing a program

(6) The role of each stakeholder is determined by the project manager and the stakeholder

(7) Senior management has imposed a project delivery date prior to acceptance of the project scope statement. To whom is the PM most accountable?
-> customer (NOTE, not senior management)

(8) A PM is assigned to a project which has never been done before. The PM has decided to build a basic schedule to detail the work of each part of the current part nears completion. What best describe the PM is doing?
-> The process of progressive elaboration

(9) How is project deliverables defined?
-> They are defined at project onset with input of project stakeholders. They are determined in part by the customer.

(10) You are working on a project to order new buses for a transportation route between two cities. You include a government official as a stakeholder and plan to include meetings with him in WBS. Your manager objects to such activities as unnecessary. What is the best response to your manager?
-> The government official can negatively impact the project
NOTE: the government official could be a stakeholder. But there is no need to involve all stakeholder in WBS.

(11) The skills required for effective project management include knowledge of standards and regulations, understanding the project management, and ?
(a) application area knowledge (b) engineering knowledge (c) software knowledge (d) financial knowledge
-> a

NOTE: application area knowledge encompass b, c, and d

(12) A new pm is having difficulty create a wbs with the team. To alleviate this situation, the PM should ask for help from:
PMO

(13) The project is not going well. there are over 30 stakeholders, and no one can agree on the project objectives. one stakeholder believe the project can achieve a 30% improvement while another believes a 50% improvement is possible. The PM thinks a 10% is more realistic. What is the best course of action?
-> perform a feasibility analysis


(14) Project A has a IRR of 12%. Project B has a benefit-cost-ratio of 1.3. which project would you select?
-> project A
Beneft cost ration of 2.1 means: the payback is 2.1 times the cost

NOTE: IRR of 12% clearly demonstrates the return on investment (ROI). However, benefit-cost-ratio is about revenue / cost. It is impossible to determine if it is better than IRR of 12%.

(15) A PMO can be established to offer services ranging from basic support to total management of all projects.

(16) Project A has a NPV of 70K being done over 6 years. Project B has a NPV of 60K being done over 1 year. Which project would you choose
-> A
NOTE: you simply choose highest NPV since number of years is already taken in consideration

(17) A CEO of a large publishing company desires to improve project management practices. what is the best thing to do?
-> retain the functional organization structure (this is a ongoing and repeatable business process)

(18) A person is writing a document identifying the business need for a project and is including a description of the product created by the project. She includes a list of stakeholders and preassigned resources. What is the role of this person?
-> sponsor or project manager
NOTE: the project charter is issued by the sponsor. The PM may have a role in its creation

(19) What is the role of stakeholders in a project?
--> They help to determine the project constraints and product deliverables.

(20) The project team is working on manufacturing a product, but they are having difficulty creating a project charter. What is the problem?
--> They are working on a process, not a project

(20) A PM has just been assigned to a project and has been given the approved project charter. The first thing the PM must do is:
--> confirm that all the stakeholders have had input to the scope

(21) The stakeholders do not have a role in determining project management plan unless thy are part of the project team

(22) The main focuses of managing a project include: idenfying requirements, establish clear and achievable objectives and balancing competing demands for scope, time, cost etc


(23) You are managing a project that is a joint project between your company and another company. The contract is not finalized, and there has been a great deal of arguing. The project scope has been expanding, cost has been increasing, and the schedule has been lengthening. You hear that the project might be canceled because the other organization withdrew its share of the funding. what is most likely reason that this occurred?

(a) inadequate scope management
(b) lack of sponsor commitment (x)

It is the role of the sponsor to define the initial project and protect it from changes