1 Integration Quiz

Bryant has been asked to help choose one of the four potential project candidates. Management normally uses the internal rate of return technique for project selection. Which of the following projects is the one he should recommend?

Project A requires making an initial investment of $100,000 and will give monthly return of $5,000.

Project D requires making an initial investment of $200,000 and will give annual return of $60,000.

Project B requires making an initial investment of $200,000 and will give monthly return of $8,000.

Project C requires making an initial investment of $100,000 and will give annual return of $40,000.

Karen is the project manager for a long term project. Her company has received 50% of the total payment and 75% of the work is complete. She is notified by her supervisor that the project has been suddenly cancelled and needs her to begin closing down the project. What should her next steps be?

Document lessons learned, close out all procurements according to the termination clauses, release project resources.

Close out all procurements according to the termination clauses, update the project management plan.

Submit a Change Request

Close out procurements, release the project resources, validate the scope.

The project management intern is working on the following steps, entering approved change requests into the PMIS and preparing the work performance data to be reviewed by the change control board. Which process group is she working in?

Executing

Monitor and control project work

Develop the project management plan

Perform integrated change control

What is the difference between programs and portfolios?

A program is a group of related projects managed in a coordinated way to obtain benefits that would not be available from managing them separately. Portfolios are projects, programs and operations managed as a group to achieve strategic objectives.

A portfolio is a group of related projects managed in a coordinated way to obtain benefits that would not be available from managing them separately. Programs are projects, programs and operations managed as a group to achieve strategic objectives.

Programs are unrelated projects managed together to obtain strategic value. Portfolios are related programs managed to obtain benefits that would benefit from being managed as a group.

Programs are projects that are established by the PMO office, while portfolios are established by the C-suite officers in coordination with the company’s board of directors.

Your company is selecting a new software system to work with an unusually large and complex project. This system will allow complete planning and scheduling of the project parameters and also allow for other project administrative functions to be managed. This software package is a part of which of the following?

Environmental enterprise factors

Expert judgment

Baseline control

Organizational Process Assets

Daniel is reviewing the steps in the Direct and Manage Project work process and what items need to be updated for the next steps will be included as an output to this process. The outputs updated documentation will include all but the following:

Approved change requests

Change requests

Project management plan updates

Project documentation updates

In which process, are all the requests for changes to the project documents, baselines, and the approval and rejection of those change requests are handled?

Perform integrated change control

Validate change

Monitor and control project change

Control change requests

Ray, the project manager for a new shopping center, is making sure that the HVAC system is being installed according to the Project Management Plan. He is discussing the ongoing work with Karen, the foreperson of the company putting in the system. All of the following are inputs, tools or techniques or outputs of this process except:

Project charter, Project statement of work, Expert judgement

Deliverables, Change requests, Work performance data

Project management plan, Approved change requests, Organizational process assets

Expert judgement, PMIS, meetings

The budget for your project was based on historical data and you discover that the cost would be less than what your contingencies would allow for. You have determined that the approved budget will need to be increased but you are aware that another critical project just gained approval. Your next action should be?

Start a change request.

Utilize the project’s contingency fund.

Meet with the project sponsor.

Ask the CFO for additional funds during the weekly budget review.

Which of the following is NOT an activity performed in the close project process

Validate changes

Release of resources to pursue new endeavors

Formal ending of project work

Updating the lessons learned knowledge base

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