1) Patient records have become hard to maintain manually. Some patients’ lab test results get lost and previous medical records have to be referred to get a patient’s medical history. Due to the complications with paper records, your government has set a deadline by which all hospitals should switch to computerized medical systems. The hospital you work for has initiated a project for this computerization of patients’ medical records. The project was authorized because of which of the following?
A. Social need
B. Environmental consideration
C. Legal requirement
D. Technological advance
2) Due to recent gasoline shortages, the car manufacturer you work for has authorized a project to develop electric cars that can be offered to customers through a leasing option. The project was authorized because of which of the following?
A. Strategic opportunity
B. Environmental consideration
C. Market demand
D. Technological advance
3) Which of the below is not true about PMO (Project management office)?
A. PMO can provide a consultative role to projects by supplying templates, best practices, and training
B. PMO can directly manage projects
C. PMO is the natural liaison between the organization’s portfolios, programs, projects, and the corporate measurement systems
D. PMO is not involved in the selection, management, and deployment of shared or dedicated project resources
4) Which of the below is not true?
A. Operations management is an area of management concerned with ongoing production of goods and/or services
B. Operations management ensures that business operations continue efficiently by using the optimum resources needed and meeting customer demands
C. Operations management manages processes that transform inputs into outputs
D. Operations stakeholders are not involved in projects
5) You are the project manager for project A. Your program manager has informed you that there are conflicts between your project’s goals and organizational strategies. What should you do?
A. Do nothing and wait out the impact to mitigate the risk
B. Wait for inputs from your functional manager
C. Document and identify such conflicts as early as possible in the project
D. Get inputs from the project sponsor
6) Your company is a famous car manufacturer that has been around for 100 years. Which of the below are elements of business value to the company?
A. Monetary assets
B. Stockholder equity
C. Brand recognition
D. Public benefit
1. A
2. A, B
3. A, B, C
4. A, B, C, D
7) Your company is a famous toy manufacturer. Which of the below are intangible elements of business value to the company?
A. Good will
B. Public benefit
C. Brand recognition
D. Stockholder equity
1. A
2. A, B
3. A, B, C
4. A, B, C, D
8) Your company is a famous medicine manufacturer. Which of the below are tangible elements of business value to the company?
A. Monetary assets
B. Stockholder equity
C. Brand recognition
D. Trademarks
1. A
2. A, B
3. A, B, C
4. A, B, C, D
9) Which of the below is untrue about business value?
A. It applies only to for-profit organizations
B. Successful business value realization begins with comprehensive strategic planning and management
C. Business value can also be realized by conducting portfolio strategic alignment and optimization
D. Utility is a tangible element of business value
10) Which of the following are common experiences that can shape organizational culture? Choose the best answer.
A. Risk tolerance
B. View of leadership
C. Work hours
D. Motivation and reward systems
1. Only B
2. Only B and C
3. None of the above
4. All of the above
11) In a weak matrix, the project manager:
A. Is more of an expediter or coordinator
B. Could make some decisions
C. Could be a communications coordinator
D. Is the functional manager
1. A
2. A, B
3. A, B, C
4. A, B, C, D
12) Your project has an earned value of $20,000, planned value of $22,000, actual cost of $25,000, and budget at completion of 23,000. What is the estimate at completion assuming that CPI is expected to be the same for the remainder of the project?
A. $28,750
B. $18,400
C. $28,000
D. $23,000
13) Which of the following is not true about a projectized organization?
A. Team members are often collocated
B. Some of the organization’s resources are involved in project work
C. Project managers have a great deal of independence and authority
D. Departments can either report directly to the project manager or provide support services to the various projects
14) Which of the following are included in the organizational knowledge base?
A. Financial databases containing labor hours, costs, and budgets
B. Issue and defect management databases containing issue and defect status
C. Project files from previous projects
D. Historical information and lessons learned knowledge bases
1. A
2. A, B
3. A, B, C
4. A, B, C, D
15) For a project you are managing, budget at completion is $10,000. The estimate at completion is $15,000. What is the variance at completion?
A.$5,000
B.$25,000
C.-$25,000
D.-$5000
16) Which of the below are examples of project governance framework?
A. Project life cycle approach
B. Process to align internal stakeholders with project process requirements
C. Project decision-making processes
D. Project organization chart that identifies project roles
1. A
2. A, B
3. A, B, C
4. A, B, C, D
17) Which of the below are roles in a project team?
A. Project staff
B. Customer Representatives
C. Business partners
D. Supporting experts
1. A
2. A, B
3. A, B, C
4. A, B, C, D
18) Which of the below is not true of a part-time project team?
A. The project manager and team members work on the project while remaining in their existing organizations and continuing to carry out their normal functions
B. Functional managers maintain control over the team members
C. Part-time team members may also be assigned to more than one project at a time
D. Project manager is not likely to continue performing other management duties
19) Which of the below could occur during project/phase closure?
A. Phase-end review is conducted
B. Appropriate updates are applied to organizational process assets
C. Impacts of tailoring to any process are recorded
D. Acceptance by the customer or sponsor to formally close the project or phase is obtained
1. A
2. A, B
3. A, B, C
4. A, B, C, D
20) Your project has been authorized a budget of $100,000. This is:
A. Planned value
B. Actual cost
C. Earned value
D. Budget at completion
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