PMP - Lesson 2 Start the Project

What does it mean if an “R” is next to your name in a RACI chart?

• A. You are accountable for the result.

• B. You should be engaged to provide required inputs

• C. You should be kept up to date on the status

• D. You are responsible for the activity’s execution.

Answer explanation

An 'R' in a RACI chart indicates that you are responsible for executing the activity. This means you are the one who performs the tasks necessary to achieve the results.

Which two of the following are reasons that PMI® publishes a Code of Ethics? (Choose two)

• A. Set expectations for the project manager and the team

• B. Create a commitment to honesty, integrity, and commitment.

• C. Ensure compliance with rules and laws.

• D. Provide specific guidance on conflict resolution.

Answer explanation

PMI® publishes a Code of Ethics to create a commitment to honesty, integrity, and commitment (B) and to ensure compliance with rules and laws (C), which are essential for maintaining professional standards.

Which two of the following are components of a project agreement? (Choose two)

• A. Pricing and payment terms

• B. Incentives and penalties

• C.Team members

• D. Complete product backlog

Answer explanation

Pricing and payment terms (A) and incentives and penalties (B) are key components of a project agreement, outlining financial arrangements and performance expectations. Team members (C) and a complete product backlog (D) are not components.

Which is a good practice for the use of collaboration technology?

• A. Select tools with the best features

• B. Select tools that the team lead has experience using.

• C. Define team goals and practices before selecting tools

• D. Use the tools that the previous project used.

Answer explanation

C is correct because defining team goals and practices ensures that the selected collaboration tools align with the team's needs, enhancing productivity and effectiveness. Other options may overlook the team's specific requirements.

Which two are examples of virtual team collaboration tools? (Choose two)

• A. Shared task boards

• B. Your laptop hard drive

• C. Social media

• D. Team chat boards

Answer explanation

Shared task boards and team chat boards are tools that facilitate collaboration among virtual teams, allowing members to organize tasks and communicate effectively. The other options do not serve this purpose.

Which of the following is not a stakeholder in a financial project?

• A. Someone opposed to the project

• B. Project manager

• C. Someone who is not interested in the project

• D. Project sponsor

Answer explanation

C. Someone who is not interested in the project is not a stakeholder, as stakeholders are individuals or groups affected by or involved in the project, while uninterested parties do not have a stake in its outcome.

Which of the following is an artifact that outlines how the team will operate and work together?

• A. Team charter

• B. Resource management plan

• C. Project charter

• D. Team acquisition plan

Answer explanation

A team charter is an artifact that defines how the team will operate and collaborate, outlining roles, responsibilities, and processes. This makes it the correct choice, while the other options serve different purposes.

Which statement best describes project stakeholders?

• A. Anyone affected by the project, its outputs, and its operation

• B. Anyone making money from the project

• C. A customer paying for the project’s output

• D. The organization delivering the project’s products
  

Answer explanation

The correct choice is A, as it encompasses all individuals or groups impacted by the project, including customers, team members, and the organization itself, making it the most comprehensive definition of stakeholders.

Which of the following would be least likely to be included in a stakeholder engagement plan?

• A. List of identified project stakeholders

• B. Documentation of the relationships between project stakeholders
  

• C. Amount of money invested by the project stakeholders

• D. Actions to be used interacting with project stakeholders

Answer explanation

The amount of money invested by project stakeholders (Choice C) is not typically relevant to stakeholder engagement plans, which focus on relationships and interactions rather than financial contributions.

Your company has entered into a contract to develop a new and improved website for another company. The contract specifies the major deliverables, with details about what the website will contain, the completion date, and budget. The appendix contains the change control procedures that will be used. What project life cycle should be used to deliver this project?

• A. Predictive

• B. Agile

• C. Hybrid

• D. Scrum

Answer explanation

The project has defined deliverables, a completion date, and a budget, indicating a structured approach. The predictive life cycle is suitable for projects with clear requirements and scope, making it the correct choice.