During which of the following project development life cycles are the project scope,
schedule and budget determined in the early phases of the life
... [Show More] cycle? - CORRECT
ANSWER Predictive Life Cycle
Which of the following is the correct definition of a project management methodology? -
CORRECT ANSWER System of practices, techniques, rules and procedures used by
those who work in a discipline
You are helping an organization uplift its project management practices. You have
recommended developing a business case for each of the organizational projects
followed by development of a project benefits management plan. Who would you
recommend to be the owner of the business case? - CORRECT ANSWER Project
Sponsor
- The project sponsor is generally accountable for the development and maintenance of
the project business case document.
The finance department in your organization approves a number of capital projects on
an annual basis. These projects are then funded by the finance department. You are
responsible for constructing a new manufacturing facility that would require construction
of a plant, a couple of warehouses and a few storage and distribution locations across
the state. Your role at this organization is of a: - CORRECT ANSWER Program
Manager
- Since you are responsible for developing a number of related construction projects,
you are managing a bigger program.
You have been hired by a new startup to develop its process architecture and define its
operating model. The operating model will be used by the business to manage and run
its day-to-day business. Your engagement with this organization is an example of: -
CORRECT ANSWER Project
- This is an example of a project. You have a starting point and an end point (defined
and agreed operating model). The later use of the operating model will be the business'
operations but your current engagement is a project as this is a temporary endeavor.
Which of the following statements regarding Project Management Body of Knowledge
(PMBOK) is incorrect? - CORRECT ANSWER The PMO's PMBOK Guide contains the
entire Project Management Body of Knowledge
You have recently helped an organization define its future state operating model. This
will be a significant shift from the current state and will involve significant change. Which
of the following would be your recommendation to the management? - CORRECT
ANSWER Create a transition state between the current and future state. [Show Less]