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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64 Free Online PMP Practice Exam On Project Initiation
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45 Free Online PMP Sample Questions On Initiating Project

The __________ technique compares the value of the future worth of the project's expected cash flows to today's dollars.

Technological advance
balanced matrix
economic model
discounted cash flow technique

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.

project-based organization
functional organization
Matrix organizations
Project management

___________ 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.

Program
Operations
PMOs
Project

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.

Justification
Matrix organizations
project-based organization
functional organization

_________ is the discount rate when the present value of the cash inflows equals the original investment.

Internal rate of return (IRR)
strong matrix
Net present value (NPV)
Legal Requirement

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.

Technological advance
Social need
Ecological impact
economic model

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.

weak matrix
payback period
Market Demand
Social need

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.

Social need
Technological advance
economic model
Ecological impact

Identifying the project is the first step in the pre-project setup? True or False

Project
True.
PMOs
True

An ____________ is a series of financial calculations, also known as cash flow techniques, which provide data on the overall financials of the project.

economic model
scoring model
decision model
Ecological impact

___________ 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.

Benefit measurement methods
Project management
Market Demand
Legal Requirement

____________ 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.

Constrained optimization models
functional organization
Matrix organizations
economic model

A _________ uses a fixed set of criteria agreed on by the project selection committee to evaluate the project requests.

decision model
Social need
scoring model
economic model

___________ 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.

project-based organization
Justification
functional organization
Matrix organizations

A _______ is a temporary endeavor that has definite beginning and ending dates, and it results in a unique product, service, or result.

Program
True
Project
True.

___________ 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.

Internal rate of return (IRR)
functional organization
Alignment to the strategic plan
Net present value (NPV)

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.

Social need
scoring model
True.
True

These benefits can include tangible and intangible benefits and should include the reasons for bringing about the project.

weak matrix
Project
Operations
Justification

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.

Matrix organizations
Strategic opportunity or business need
business case
Feasibility studies

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?

business case
discounted cash flow technique
Technological advance
balanced matrix

_____________ brings together a set of tools and techniques—performed by people—to describe, organize, and monitor the work of project activities

Expert judgment
Project
Project management
Market Demand

which 4 steps are included in the pre-project setup phase?

-Project Integration Management-Project Scope Management-Project Time Management-Project Cost Management-Project Quality Management-Project Human Resource Management-Project Communications Management-Project Risk Management-Project Procurement Management
-Strong Matrix-Weak Matrix-Balanced Matrix
-Identify the project.-Validate the project.-write a project charter.-obtain an approval for the charter.
-preparing the business case-identifying and analyzing the project stakeholders.

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.

scoring model
strong matrix
decision model
economic model

_______ are responsible for maintaining standards, processes, and procedures related to the management of projects.

True.
Project
True
PMOs

The functional mangers have the majority of power in this type of organization.

strong matrix
True
weak matrix
balanced matrix

Validating the project involves two steps:

-Strong Matrix-Weak Matrix-Balanced Matrix
-Identify the project.-Validate the project.-write a project charter.-obtain an approval for the charter.
-preparing the business case-identifying and analyzing the project stakeholders.
-Project Integration Management-Project Scope Management-Project Time Management-Project Cost Management-Project Quality Management-Project Human Resource Management-Project Communications Management-Project Risk Management-Project Procurement Management

Projects come about for what reasons, there are 7 needs/demands:

-Strong Matrix-Weak Matrix-Balanced Matrix
-Market Demand-Strategic opportunity/business need-Customer request-Technological advance-Legal Requirement-Ecological Impact-Social need
-leadership-communication-problem solving-negotiation-organization-time management
Strategic opportunity or business need

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.

strong matrix
cost-benefit analysis
business case
Customer Request

__________ 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.

Net present value (NPV)
Market Demand
Expert judgment
Project management

What are the 3 types of Matrix Organizations ?

strong matrix
-Strong Matrix-Weak Matrix-Balanced Matrix
balanced matrix
Strategic opportunity or business need

The project manager has the majority of power in this type of organization.

scoring model
weak matrix
strong matrix
balanced matrix

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.

Matrix organizations
functional organization
project-based organization
Project management

__________ 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.

Justification
business case
decision model
Project

Both the project manager and the functional manager share power in this type of structure.

business case
balanced matrix
weak matrix
strong matrix

The rule for NPV is that if NPV is less than zero, you should accept the project. True or False?

Internal rate of return (IRR)
Strategic opportunity or business need
False, The rule for NPV is that if NPV is greater than zero, you should accept the project.
-Strong Matrix-Weak Matrix-Balanced Matrix

A grouping of related projects that are managed together to capitalize on benefits that couldn't be achieved if the projects were managed separately.

Project
True
Program
PMOs

What are the nine Project Management Knowledge Areas?

-preparing the business case-identifying and analyzing the project stakeholders.
-Strong Matrix-Weak Matrix-Balanced Matrix
-leadership-communication-problem solving-negotiation-organization-time management
-Project Integration Management-Project Scope Management-Project Time Management-Project Cost Management-Project Quality Management-Project Human Resource Management-Project Communications Management-Project Risk Management-Project Procurement Management

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.

functional organization
Matrix organizations
project-based organization
Justification

___________ 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.

Project
Project management
Market Demand
Expert judgment

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.

Market Demand
Customer Request
Expert judgment
Legal Requirement

Key general management skills include what?

-leadership-communication-problem solving-negotiation-organization-time management
-Market Demand-Strategic opportunity/business need-Customer request-Technological advance-Legal Requirement-Ecological Impact-Social need
-Strong Matrix-Weak Matrix-Balanced Matrix
-Project Integration Management-Project Scope Management-Project Time Management-Project Cost Management-Project Quality Management-Project Human Resource Management-Project Communications Management-Project Risk Management-Project Procurement Management

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.

True.
Customer Request
Social need
Operations

The rule for NPV is that if NPV is less than zero, you should reject the project. True or False

True.
True
Project
PMOs

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

Expert judgment
Market Demand
payback period
Social need

__________ 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.

Feasibility studies
decision model
scoring model
economic model

45 Free Online PMP Sample Questions On Initiating Project