The five process groups represent the general flow of a project. However the five processes can be used for?

Question 1  

The five process groups represent the general flow of a project. However the five processes can be used for?

		Guiding each phase of the project
		Managing the concerns of clients
		Monitoring project costs
		Ascertain the status of a project

Question 2  

A project has to be planned, funded and authorized. When is a project officially authorized?

		When a Project Manager and team have been assigned
		When the project charter has been signed
		When budget is complete
		After the first project charter meeting

Question 3  

The WBS is created in the planning process group. WBS breaks scope down into workable packages that can easily be estimated and completed. All of the following are needed to create the WBS except?

		Scope documents
		Project requirements
		Organizational process assets
		PMI Glossary

Question 4  

Risk management helps minimize project uncertainty. A risk register is?

		Central repository of project risks including risk attributes
		Similar to a risk matrix
		The first step in a risk management plan
		Document system that logs and monitors all identified risks

Question 5  

Scope includes project requirements. Scope baseline utilizes three documents including all of the following except?

		Scope statement
		WBS
		WBS dictionary
		Project charter

Question 6  

SOW defines all the products and services that the project effort will provide. The SOW should include business need, scope description, and what else?

		Strategic plan
		Environmental constraints
		Assets
		Scoring models

Question 7  

Selecting which projects to bid on and work requires an organization to compare projects using a common set of criteria and values. A model that allows for comparison and evaluation of a number of projects is called?

		Matrix model
		Scoring model
		Deliverable model
		Scatter diagram

Question 8  

When looking across many projects to select one, several calculations should be utilized including NPV, payback period, and?

 

		Internal rate of return
		Planned value
		Earned value
		Schedule performance variance

Question 9  

As the project plan is executed, monitoring and controlling of project are on-going. Information collected as part of monitoring and controlling include?

 

		Collecting project statistics
		Current bond prices
		Calculating cost benefit ratios
		Calculating scoring model factors

Question 10  

The subsidiary plan defines the risk responses that are to be used in the project for both positive and negative risks is called the?

		Risk register
		Risk response plan
		Risk management plan
		Risk matrix