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Question: 1<br />
Which of the follow<strong>in</strong>g does NOT assess the value a project br<strong>in</strong>gs <strong>to</strong> an organization?<br />
A. Benefit cost analysis<br />
B. Net present value<br />
C. Value analysis<br />
D. Needs assessment<br />
Question: 2<br />
Question: 3<br />
Question: 4<br />
Answer: C<br />
Your management has decided that all orders will be treated as "projects" and that project managers<br />
will be used <strong>to</strong> update orders daily, <strong>to</strong> resolve issues, and <strong>to</strong> ensure that the cus<strong>to</strong>mer formally<br />
accepts the product with<strong>in</strong> 30 days of completion. Revenue from the <strong>in</strong>dividual orders can vary from<br />
US $100 <strong>to</strong> US $150,000. The project manager will not be required <strong>to</strong> perform plann<strong>in</strong>g or provide<br />
documentation other than daily status. How would you def<strong>in</strong>e this situation?<br />
A. Because each <strong>in</strong>dividual order is a "temporary endeavor," each order is a project.<br />
B. This is program management s<strong>in</strong>ce there are multiple projects <strong>in</strong>volved.<br />
C. This is a recurr<strong>in</strong>g process.<br />
D. Orders <strong>in</strong>curr<strong>in</strong>g revenue over $100,000 would be considered projects and would <strong>in</strong>volve project<br />
management.<br />
Answer: C<br />
A project manager <strong>in</strong> a predom<strong>in</strong>antly hierarchical organization has been assigned a major project<br />
with aggressive timel<strong>in</strong>es. The BEST approach for develop<strong>in</strong>g an <strong>in</strong>itial project charter <strong>in</strong> this<br />
environment is <strong>to</strong>:<br />
A. Create a project charter us<strong>in</strong>g bra<strong>in</strong>s<strong>to</strong>rm<strong>in</strong>g sessions with potential team members and<br />
stakeholders.<br />
B. Create and present a draft project charter <strong>to</strong> potential team members and stakeholders <strong>to</strong> solicit<br />
their <strong>in</strong>put.<br />
C. Create a project charter jo<strong>in</strong>tly with management for distribution <strong>to</strong> potential team members and<br />
stakeholders.<br />
D. Create a project charter with the functional managers and present it <strong>to</strong> the sponsor for signature.<br />
All of the follow<strong>in</strong>g are correct statements about a project manager EXCEPT:<br />
Answer: C