14 Free PMP Exam Questions Dedicated to Initiating The Project

If you’re expecting a nice PMP preparation on project imitating process group, as well as organization matrix, you stand in the right place then. Those 14 PMP practice questions shed light on this topic, gearing towards your certain development of relevant knowledge and skills and improvement of critical thinking. Plus, its friendly design with highly responsive answers and your score will give you amazing experience with the real exam conditions, define your missing knowledge and bring out the best for your mood. Do you heart it? How do you feel after this practice? What is your score? Does it help? Don’t hesitate to let me know ya!

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14 Free PMP Exam Questions Dedicated to Initiating The Project

1)It is the interest yield of an investment over its useful life2) Required interest rate to make all future benefits equal to the present investment3) Time adjusted rate of return

What is an Internal rate of return (IRR)
what is the formula for ROI
What is the formula for Future value
What is covered in a SOW

1) Business need2) Product scope description3) Link to strategic plan

What is covered in a SOW
What is the formula for Future value
What is an Internal rate of return (IRR)
what is the formula for ROI

weak matrix org

Project manager has little or no authority, and his role is only part time
What are some of the elements of a project charter
There are no project managers in the org and projects are coordinated across departments
The Project Manager controls the budget with almost total control

Projectized matrix org

The Project Manager controls the budget with almost total control
Staff answers to both the project manager and functional manager
What are some of the elements of a project charter
What elements can make up a business case

1) Market demand2) Organizational need3) Customer request4) Technology advance5) Legal requirement6) Ecological impacts7) Social need

What is covered in a SOW
What elements can make up a business case
What is an Internal rate of return (IRR)
What is the formula for Future value

Strong matrix org

What are some of the elements of a project charter
Staff answers to both the project manager and functional manager
What is an Internal rate of return (IRR)
What is the formula for Future value

1) project purpose2) Objectives3) Success criteria4) High-level requirements, project description, and risk

What tool and techniques are used to develop a project charter
What are some of the elements of a project charter
What elements can make up a business case
What is the formula for Future value

FV = PV(1+r)n-power(1+interest rate) to the power of the investment periods ex$100,000 invested for 5 years at an 8% interest rate...........FV = 100,000(1.08)5th power so FV = $146,933

What is covered in a SOW
What is the formula for Future value
What is an Internal rate of return (IRR)
what is the formula for ROI

Functional matrix org

Project manager has little or no authority, and his role is only part time
The Project Manager controls the budget with almost total control
Project manager has moderate control over the project but total control over the budget
What are some of the elements of a project charter

ROI = Gain - investment costs/investment costs

What is covered in a SOW
What is the formula for Future value
What is an Internal rate of return (IRR)
what is the formula for ROI

Expert judgment.

What elements can make up a business case
What tool and techniques are used to develop a project charter
What is an Internal rate of return (IRR)
What are some of the elements of a project charter

Projectized Matrix org

Team members are co-located and most of the organizations resources are dedicated to project work
There are no project managers in the org and projects are coordinated across departments
What are some of the elements of a project charter
What tool and techniques are used to develop a project charter

balanced matrix org

Staff answers to both the project manager and functional manager
The Project Manager controls the budget with almost total control
Project manager has little or no authority, and his role is only part time
Project manager works on the project full time and shares responsibility with the functional manager

Strong matrix org

What are some of the elements of a project charter
The Project Manager controls the budget with almost total control
Project manager has little or no authority, and his role is only part time
Project manager has moderate control over the project but total control over the budget

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14 Free PMP Exam Questions Dedicated to Initiating The Project