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45 Free Online PMP Sample Questions On Initiating Project

03/28/2015 Marie Hall 0 Comment

45 Free Online PMP Sample Questions On Initiating Project

Free PMP exam questions included in 45 free online PMP sample questions on initiating project cover all the corners of chapter 1 – Initiating the Project ComTIA Project (Exam PK0-003) by Kim Heldman and William Heldman. And to engage your exam study, they are friendly formatted with instant answers and score. You will have chance to enjoy a free-stress practice of accessible test bank whose coverage features all the highlights on project initiation, letting you brush up on performance domain 1, develop critical thinking and master the test taking skills to win over difficult PMP questions. Aside from the quizlets, there’re some other related initiating project PMP exam questions free recommended for your further practice. Let work hard, and then your efforts will bear fruits!

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45 Free Online PMP Sample Questions On Initiating Project

____________ are mathematical models, some of which are very complicated. They are typically used in very complex projects and require a detailed understanding of statistics and other mathematical concepts.
if you expected your project to bring in $450,000 in year 1, $2.5 million in year 2, and $3.2 million in year 3, you'd calculate the present value of the revenues for each year and then add up all the years to determine a total value of the cash flows in today's dollars. This is an example of what?
A _______ is a temporary endeavor that has definite beginning and ending dates, and it results in a unique product, service, or result.
The rule for NPV is that if NPV is less than zero, you should reject the project. True or False
___________ can also be included within the business case, and it should describe how the project and its outcomes will align to the organization's overall strategic plan.
The organization's accounting system is outdated and no longer able to keep up with current technology. A new system is implemented to help the organization become more efficient and create reports in a timelier manner. This is an example of what type of Need/Demand.
The rule for NPV is that if NPV is less than zero, you should accept the project. True or False?
Is it the technology that drives the business to think it needs a new product or service, or does the business need drive the development of the new technology, chicken-and-egg scenario. This is an example of what type of Need/Demand.
Project managers have little formal authority in this type of structure, but it doesn't mean their projects are predestined for failure. Communication skills, negotiation skills, and strong interpersonal skills will help assure your success in working within this type of environment.
Projects come about for what reasons, there are 7 needs/demands:
_____________ brings together a set of tools and techniques—performed by people—to describe, organize, and monitor the work of project activities
These benefits can include tangible and intangible benefits and should include the reasons for bringing about the project.
__________ is a cash flow technique that calculates the revenues or cash flows the organization expects to receive over the life of the project in today's dollars.
_______ are responsible for maintaining standards, processes, and procedures related to the management of projects.
The functional mangers have the majority of power in this type of organization.
which 4 steps are included in the pre-project setup phase?
A small developing country may have the need for safe, clean drinking water, so a project is initiated to purchase and install a new filtering system. This is an example of what type of Need/Demand.
What are the nine Project Management Knowledge Areas?
___________ are ongoing and repetitive. They don't have a beginning date or an ending date, unless you're starting a new one or retiring an old one.
Validating the project involves two steps:
The proliferation of handheld devices has created a need for rechargeable batteries that are capable of holding a charge for 12 hours or more. This is an example of what type of Need/Demand
___________ methods provide a means to compare the benefits obtained from project requests by evaluating them using the same criteria. They are the most commonly used of the two categories of decision models.
A ____________ compares the cost to produce the product or service to the financial gain (or benefit) the organization stands to make as a result of executing the project.
The __________ technique compares the value of the future worth of the project's expected cash flows to today's dollars.
The project manager has the majority of power in this type of organization.
Each department is managed independently with a limited span of control. This organizational type is hierarchical in nature, with each staff member reporting to one supervisor, who in turn reports to one supervisor, and so on up the chain.
_________ is the discount rate when the present value of the cash inflows equals the original investment.
__________ are usually conducted when the proposed project is highly complex, has a high potential for risk, or is a new type of project the organization has never undertaken before.
___________ organizations typically are organized along departmental lines, like a functional organization, but resources assigned to a project are accountable to the project manager for all work associated with the project.
__________ is a written document or report that helps executive management and key stakeholders determine the benefits and rewards of the project. It documents the business need or justification for the project and will often include high-level details regarding estimated budgets and timelines for completing the project.
A city may pass an ordinance allowing photos of red-light violations at busy intersections. The new equipment must then be procured and installed. Federal regulations requiring the encryption and secure storage of private data may bring about the need for a project to fulfill these requirements. This is an example of what type of Need/Demand.
Both the project manager and the functional manager share power in this type of structure.
___________ relies on the expertise of stakeholders, subject matter experts, or those who have previous experience to help reach a decision regarding project selection. Typically, it's used in conjunction with one of the decision models.
Perhaps a new Environmental Protection Agency (EPA) mandate requires extra equipment and processes to be implemented in your production assembly line to minimize pollution output. Therefore, a project is required. This is an example of what type of Need/Demand.
Perhaps the discussions at a recent customer focus group brought about the idea for a new product offering. This is an example of what type of Need/Demand.
Key general management skills include what?
An organizational structure focused on projects. Project managers generally have ultimate authority over the project, and sometimes supporting departments such as human resources and accounting might report to the project manager.
One of the biggest drawbacks of a ___________ organization is reassigning project team members once the project ends. There may not always be a new project waiting for these resources.
Identifying the project is the first step in the pre-project setup? True or False
A grouping of related projects that are managed together to capitalize on benefits that couldn't be achieved if the projects were managed separately.
What are the 3 types of Matrix Organizations ?
The ___________ is a cash flow technique that identifies the length of time it takes for the organization to recover all the costs of producing the project. It compares the initial investment to the expected cash inflows over the life of the project and determines how many time periods elapse before the project pays for itself. It is the least precise of all the cash flow techniques.
An ____________ is a series of financial calculations, also known as cash flow techniques, which provide data on the overall financials of the project.
A ____________ has a predefined list of criteria against which each project is rated. Each criterion is given both a scoring range and a weighting factor.
A _________ uses a fixed set of criteria agreed on by the project selection committee to evaluate the project requests.

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