Chapter 1

A project manager has just been assigned to a newly approved project and has been tasked with developing the first draft of the project charter. To better understand the financials, the project manager decides to review the net present value and payback period calculated for the project. Which of the following inputs can the project manager reference for this information?

• Project budget

• Project business case

• Project benefits management plan

• Project charter

You are a project manager and are meeting with your team. The goal of this meeting is to determine which processes you should use to effectively manage the project. Which of the following describes what you’re doing?

• Progressive Elaboration

• Tailoring

• Phase sequencing

• Program management

You are a senior manager overseeing projects for Fun Days Vacation Packages. You manage groups of projects and weigh the value of each project against the business’s strategic objectives. You also monitor projects to make certain they adhere to those objectives and that you get the most efficient use of resources possible. Which of the following does this scenario describe?

• Project and program management

• Project management

• Program management

• Portfolio management

You have been developing a next generation electric engine for high-speed electric trains. The project is 25% completed, you have spent 21% of your budget and you are slightly behind the schedule. The client is worried and asks you to provide him with the progress and forecasting report as soon as possible. So, you start collecting information such as the start and finish dates of scheduled activities, number of change requests, number of defects, actual costs, actual durations, etc. These are examples of

• Work performance measurements

• Work performance Data

• Work performance information

• Parameters

Which of the following are the four basic elements of the PMI code of ethics and professional conduct?

• Responsibility, respect, fairness, honesty

• Responsibility, accountability, fairness, honesty

• Responsibility, respect, fairness, transparency

• Responsibility, transparency, fairness, honesty