QUESTION 1: The five process groups represent the general flow of a project. However the five processes can be used for?

Guiding each phase of the project

Managing the concerns of clients

Monitoring project costs

Ascertain the status of a project

QUESTION 2: A project has to be planned, funded and authorized. When is a project officially authorized?

When a Project Manager and team have been assigned

When the project charter has been signed

When budget is complete

After the first project charter meeting

QUESTION 3: The WBS is created in the planning process group. WBS breaks scope down into workable packages that can easily be estimated and completed. All of the following are needed to create the WBS except?

Scope documents

Project requirements

Organizational process assets

PMI Glossary

QUESTION 4: Risk management helps minimize project uncertainty. A risk register is?

Central repository of project risks including risk attributes

Similar to a risk matrix

The first step in a risk management plan

Document system that logs and monitors all identified risks

QUESTION 5: Scope includes project requirements. Scope baseline utilizes three documents including all of the following except?

Scope statement

WBS

WBS dictionary

Project charter

QUESTION 6: SOW defines all the products and services that the project effort will provide. The SOW should include business need, scope description, and what else?

Strategic plan

Environmental constraints

Assets

Scoring models

QUESTION 7: Selecting which projects to bid on and work requires an organization to compare projects using a common set of criteria and values. A model that allows for comparison and evaluation of a number of projects is called?

Matrix model

Scoring model

Deliverable model

Scatter diagram

QUESTION 8: When looking across many projects to select one, several calculations should be utilized including NPV, payback period, and?

Internal rate of return

Planned value

Earned value

Schedule performance variance

QUESTION 9: As the project plan is executed, monitoring and controlling of project are on-going. Information collected as part of monitoring and controlling include?

Collecting project statistics

Current bond prices

Calculating cost benefit ratios

Calculating scoring model factors

QUESTION 10: The subsidiary plan defines the risk responses that are to be used in the project for both positive and negative risks is called the?

Risk register

Risk response plan

Risk management plan

Risk matrix