PMP Certification
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Who Creates The Project Charter

A project in PMP can be defined as a

Typically not referred to as a buffer type in critical chain project management is ______

Iam looking to estimate the cost on a project, but I don't want to spend a lot of time on a detailedanalysis.
I really want a ballparkfigure.
What options do I have

On a systems development project, Richard needs twoprogrammers.
He knows John and Smith were able to create a program in 40 days similar to the one he wants to create on hisproject.
He decides to use 40 days as hisestimate.
This is an example of what type of estimating

Your company has a policy of having every software project reviewed and approved by the Architecture Review Board prior to the construction phase of aproject.
you are currently in the process of activitysequencing.
This is a example of what

A Good CFO will tell you that it is important to look at your bottom line and determine how to increase profits for theorganization.
Veronica, the new CFO at a local university, is taking that approach and applying it to newprojects.
Therefore,she wants to include costs from each phase of the project on a total expenditure is known as

Subject matters experts (SMEs) are resources that are imperative to the succes of aproject.
Many times, project managers are not experts in the areas they are managing and frequently must rely upon other'sexpertise.
In which scope - management process are SMEs first used

Project authorization is one of the processes that is associated with the initiation phase of aproject.
Authorization can come in many different forms, and projects are generally authorized by all of the following except

A project charter is one of the key deliverables to come from the initiationprocess.
The project charter should by issued by

Sometimes project managers forget all of the expenses that they can incur on a project, such as capital resources andassets.
This can have an impact upon their budgets and the economic return on theproject.
A cost that has been incurred and cannot be reversed is known as a

The payback period can become an important issue when a large scope project is developed over severalyears.
Maureen has been assigned the responsibility of calculating the payback period for her project that is to be completede in 3years.
The internal rate of return(IRR) is 7% and the annual savings will be $800,000 peryear.
The total cost is $4,000,000 and the rate of return during this time period is 3%. What is the payback period of Maureen's project

One of the goals of management by objectives (MBO) is to ensure that objectives of one level within an organization are supportive of and aligned with the objectives of another level of theorganization.
This methodology has been popular within some organizations as they define theirculture.
Which of the following is not true about MBO

You have started your own company based upon PMI methodologies and have been contracted by the government to develope a new interface for one of its computerapplications.
You develope a solution and win the bid for the contract but encounter problems at the end of the project when the customer says that you did not fullfill theirneeds.
You are throughlyshocked.
What is your conclusion of the situation

The software development life cycle begins with a proof of concept and progress into the build, test, and acceptance phases as the projectdevelops.
Some times, differences between stakeholders can develop into conflict, which impacts thecustomer.
As a trained, professional project manager, how do you handle this situation and resolve the customer's concerns

The project life cycle can be broken into five phases that tend to overlap with each other frm one phase to another;however ,the control phase does not overlap with a specificphase.
why

Management by projects views aspects of ongoing operations as projects in order to apply Project Management techniques tothem.
This can be used to describe an oranizational approach to the management of ongoingoperations.
Why would a company want to utilize this methodology on nonprojects

A company that you previously worked for is seeking new employees and you are trying to exolain the culture to a potentialcandidate.
The company has strict policies, supervisory control, andrules.
Team members are not encouraged to be individualistic nor offer feedback to uppermanagement.
Many times, the team feels its input is not valuable orimplemented.
This explanation describes a company that utilizes what employee management theory

You have recently been promoted to a project manager for a clinical testingfacility.
The team is developing a new product that will cut down on testing interval requirements for a new seizure managementmedication.
After you become involved with the project, you decide to add more research reports, which the customer did notrequest.
This is an example of

Whenever people are looking for a job, they frequently see "program manager wanted" and "project manager wanted" when reading the job listings in their localnewspaper.
Which of the following statements best describes the relationship between projects and programs

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