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12 Cards in this Set

  • Front
  • Back
What occurs during the INITIATING process group?
• Formal authorization of a project or phase
• Project manager is provided with information necessary to begin the project
What occurs during the PLANNING process group?
• It is determined whether the project objectives can be achieved
• How the project will be accomplished
What occurs during the EXECUTING process group ?
• It is determined whether the project objectives can be achieved
• How the project will be accomplished
What occurs during the MONITORING and CONTROLLING process group?
• Project performance as measured to the project management plan
• Variances are determined and addressed
What occurs during the CLOSING process group
• Acceptance of the final product of the project is obtained undocumented
• Lessons learned are completed
• Files are indexed and archived
Which PROCESS group must be completed in a certain order
PLANNING is the only processed group of the set order
What does INPUT mean?
What do I need before I can
What does OUTPUT mean
What will I have when I’m done with
Which factor would NOT be considered when choosing between two projects to undertake?
• Net Present Value (NPV)
• Benefit Cost Ratio (BCR)
• Payback period
• Law of diminishing returns
LAW OF DIMINISHING RETURNS

• Notice that this question requires you to understand that projects should be systematically selected in the selection should be based on some formal evaluation of all projects available.
Your company has just presented its new five year strategic plan. You have received a new project requests from a customer that is he in line with the previous five year strategic plan, but it does not meet the objectives of the new plan. The product description seems to have a valid business driver and to be a straightforward development effort. As project manager, what is the BEST course of action?
• Do a benefit cost analysis of the project and some needed for management approval.
• Submit a new product request to the PMO for review and approval before proceeding
• Inform the customer of the change incorporate direction and asked him/her to take another look at the project
• Requests the project charter from the management and begin a WBS
Submit a new project request to the PMO for review and approval before proceeding

• The PMO determines whether a project supports the organization’s strategic plan in can authorize exceptions to projects not linked to the strategic plan
You are the CEO in a large publishing house and desire to improve project management practices in your company. What is the BEST thing to do in order to manage the publication of each issue?
• Clearly define the work to be supplied by other companies
• Retain the functional organizational structure
• Set up a project office
• Identify all the stakeholders for this project
Retain the functional organizational structure
You are beginning a new project that has been attempted, but unsuccessful, several times in the past few years. Previous projects were canceled because of “politics” (differing views in direction by key stakeholders on the project is pouring). This is an example of:
• Stakeholder analysis
• Scope management
• Historical information
• Risk identification
HISTORICAL INFORMATION