Atoha PMP lesson2

A project manager is working in an organization where project managers have significant authority, and work is defined by a functional manager in the organization. All project managers report to a central manager. What type of organization structure is this?

• Functional

• Weak matrix

• Balanced matrix

• Strong matrix

A continuous improvement manager working for a pharmaceutical company is currently in charge of the packaging process and is responsible for monitoring and continuously improving the process. How is this effort classified?

• It is a considered a continuous improvement project.

• 
  It is a considered a project since it has a beginning and an end.

• It is considered an operations' process because pharmaceutical companies always have operations.

• 
  It is considered an operations' process because the manager's job will be continuous and on-going.

According to the ​PMBOK® Guide​, a project management office (PMO) may manage:

• An organization's projects

• 
  An organization's projects and facilitates the sharing of resources, methodologies, tools, and techniques

• 
  Standardization of project-related governance processes and facilitates the sharing of resources, methodologies, tools, and techniques

• An organization's projects, programs, portfolios, and operations

In order to maximize corporate profit, a senior finance officer at an oil refinery is managing excess management reserves, which may include multiple external investments at different banks, the stock exchange, trading, leasing, etc. Each of these investments needs to be managed as a separate project because they all have different maturity periods. Selection of the right investment project is not industry specific but rather focuses on environmental conditions and best return rates. Which of the following best describes the financial officer's role?

• 
  Project coordinator

• Project manager

• 
  Program manager

• 
  Portfolio manager

An air cargo handling company is designing a new shipment tracking process for the company. This process is required to electronically track every customer shipment and provide updates. Once designed and approved, the person heading up the work will need to transfer this process to the company's operations team for implementation. What is the name of the process this person is doing?

• 
  It is considered an operations process because it will be used continuously.

• 
  It is considered an operations process because air cargo handling falls under operations.

• 
  It is considered a project because the deliverable is unique, and the effort has a specific beginning and end.

• 
  It is considered a project since it contains a deliverable.

Which of the following Agile Manifesto principles reflects the agile focus on team empowerment?

• 
  Build projects around motivated individuals.

• Welcome changing requirements, even late in development.

• 
  Simplicity-the art of maximizing the amount of work not done-is essential.

• 
  Working software is the primary measure of progress.

Which of the following isn't a core aspect of the agile mindset?

• 
  Welcome change

• Respect the process

• Learn through discovery

• Deliver value continuously

A sponsor wants to evaluate a proposed three-year project against two proposed one-year projects. Which financial metric would be most helpful?

• NPV

• ROI

• MMF

• Velocity

The sponsor is trying to determine which project has the greatest business value-one that returns $4 million in three years or one that returns $5 million in four years. The interest rate is 5 percent for borrowing capital to develop the projects. The best approach to determine the highest-value project is:

• Select the "$5 million in four years" project, since it returns the highest amount.

• Select the "$4 million in three years" project, since it has the shorter payback period.

• 
  Calculate the NPV of the projects, and choose the project with the highest value.

• 
  Calculate the NPV of the projects, and choose the project with the lowest cost.

The project manager for a construction project discovers that a new water line is being created in the neighborhood where he’s managing a project. Government regulations require that a series of forms for city environmental changes need to be filled out before his team can continue work on the project. This is an example of:

• A portfolio

• A program

• An enterprise environmental factor

• A project