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PMP Questions > Business Environment > Flashcards

Business Environment Flashcards

1
Q

The PMI Talent Triangle@ reflects the skills needed for project management. Which three of the following are those skills? (Choose three)

A. Ways of Working
B. Power Skills
C. Business Acumen
D. Quality

A

A. Ways of Working
B. Power Skills
D. Quality

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2
Q

Which three of the following are PESTLE factors? (Choose three)

A. Legal
B. Effectiveness
C. Social
D. Political

A

A. Legal
C. Social
D. Political

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3
Q

Often before a project starts, business analysts or engineers conduct a needs assessment for project approval and funding. Which two of the following are items identified or specified in a needs assessment for a new project? (Choose two)

A. The project manager
B. Business goals and objectives
C. Potential constraints, assumptions, risks and dependencies
D. Individual or department who will handle procurement invoices

A

B. Business goals and objectives
C. Potential constraints, assumptions, risks and dependencies

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4
Q

Which three of the following are a financial-based benefit measure method? (Choose three)

A. Net present value
B. Internal rate of return
C. Return on investment
D. Opportunity cost

A

A. Net present value
B. Internal rate of return
C. Return on investment

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5
Q

Which three of the following are essential for managing change in an organization? (Choose three)

A. Managing changes in an organization requires different strategies depending on the circumstances, people involved, and timing.
B. Change management is an essential capability and a significant professional practice in its own right.
C. It is important to have a robust theory and approach to change management to support the business goals, objectives, opportunities, and needs.
D. A change control board should be established to approve or reject proposed changes to a project’s scope, schedule, or cost.

A

A. Managing changes in an organization requires different strategies depending on the circumstances, people involved, and timing.
B. Change management is an essential capability and a significant professional practice in its own right.
C. It is important to have a robust theory and approach to change management to support the business goals, objectives, opportunities, and needs.

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6
Q

Which three of the following are examples of external enterprise environmental factors (EEFs)?
(Choose three)

A. Economy
B. Government or industry standards
C. Employee capability
D. Legal restrictions

A

A. Economy
B. Government or industry standards
D. Legal restrictions

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7
Q

In a multiphase project, which two of the following terms refers to a decision to continue with the next phase or to end the project? (Choose two)

A. Kill point
B. Phase gate
C. Threshold
D. Go/no go point

A

A. Kill point
B. Phase gate

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8
Q

Is the following statement true or false?
The Agile Manifesto states, “We value individuals and interaction over process and tools?”

True
False

A

True

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9
Q

The opportunity cost is defined as the value of a proposed project selected. True or false?

True
False

A

False

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10
Q

Is the following statement true or false?
Enterprise environmental factors (EEFs) are conditions either internal or external to the organization that are not under the control of the project team, which can influence, constrain, or direct the project at the organizational, portfolio, program, or project level.

True
False

A

True

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11
Q

Is the following statement true or false?
Predictive projects are plan driven, while adaptive projects focus on team collaboration with stakeholders or customers to determine the project need by writing user stories and hybrid projects can combine or switch predictive or adaptive approaches as necessary.

True
False

A

True

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12
Q

For this project, the team may operate outside the standard organizational formalized reporting structure. Which organizational structure does this represent?

A. Functional
B. Composite
C. Project-oriented
D. Matrix

A

C. Project-oriented

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13
Q

Which of the following is a financial tool that calculates the present value of all cash outflows minus the present value of all cash inflows?

A. Internal rate of return
B. Net present value
C. Benefit cost value
D. Return on investment

A

Net present value

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14
Q

Which of the following are effective guidelines for measuring project compliance?

A. Tracking work completed in a Gantt chart
B. Using quality assurance outputs to confirm deliverable and process compliance and identify the needs for corrective actions
C. Prioritizing effort using a Moscow analysis
D. Reporting progress by conducting a sprint review and demonstration

A

B. Using quality assurance outputs to confirm deliverable and process compliance and identify the needs for corrective actions

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15
Q

In a large organization that utilizes a project management office (PMO), who is responsible for managing the governance of projects?

A. The project managers of the individual projects within the PMO
B. The PMO
C. The organization’s governance committee
D. The organization’s change control board

A

The PMO

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16
Q

In a functional organizational structure, who has the highest authority?

a) Project Manager
b) Functional Manager
c) CEO
d) Project Coordinator

A

b) Functional Manager

17
Q

Which of the following is a disadvantage of a functional organizational structure?

a) Clear career path
b) Lack of focus on the project
c) High level of specialization
d) Efficient use of resources

A

b) Lack of focus on the project

18
Q

What is another name for a composite organizational structure?

a) Matrix
b) Functional
c) Projectized
d) Hybrid

A

d) Hybrid

19
Q

In a composite organizational structure, where does a project manager get resources?

a) From functional managers
b) From the project office
c) From external sources
d) All of the above

A

d) All of the above

20
Q
  1. In a project-oriented organizational structure, who has the highest authority?

a) Project Manager
b) Functional Manager
c) CEO
d) Project Coordinator

A

a) Project Manager

21
Q

Which of the following is a disadvantage of a project-oriented organizational structure?

a) Clear authority for the project manager
b) High level of customer satisfaction
c) Potential for team members to be idle after project completion
d) High level of focus on the project

A

c) Potential for team members to be idle after project completion

22
Q

In a matrix organizational structure, who has the highest authority?

a) Project Manager
b) Functional Manager
c) Both have equal authority
d) Depends on the type of matrix

A

d) Depends on the type of matrix

23
Q

Which of the following is a disadvantage of a matrix organizational structure?

a) Clear career path
b) Efficient use of resources
c) Potential for conflicts between project and functional managers
d) High level of customer satisfaction

A

Answer: c) Potential for conflicts between project and functional managers

24
Q

Which of the following best describes a functional organizational structure?

a) Project teams are organized by function
b) Project teams are organized by project
c) Project teams are organized by geography
d) Project teams are organized by customer

A

a) Project teams are organized by function

25
Q

In a functional organization, the project manager’s role is typically:

a) Full-time
b) Part-time
c) Consultant
d) Non-existent

A

b) Part-time

26
Q

In a composite organization, the project manager’s authority is:

a) High
b) Low
c) Moderate
d) None

A

c) Moderate

27
Q

A composite organization is a blend of which two types of organizations?

a) Functional and Matrix
b) Projectized and Functional
c) Matrix and Projectized
d) Balanced and Functional

A

b) Projectized and Functional

28
Q

In a project-oriented organization, the team members’ loyalty is primarily to:

a) The project
b) The functional manager
c) The project manager
d) The organization

A

a) The project

29
Q

Which of the following is an advantage of a project-oriented organizational structure?

a) Clear authority for the project manager
b) Efficient use of resources
c) Minimized project management administrative time
d) Emphasis on the client’s objectives

A

a) Clear authority for the project manager

30
Q

In a strong matrix organization, the balance of power is in favor of:

a) The project manager
b) The functional manager
c) Both have equal power
d) The CEO

A

a) The project manager

31
Q

Which of the following is an advantage of a matrix organizational structure?

a) Clear authority for the project manager
b) Efficient use of resources
c) Minimized project management administrative time
d) Emphasis on the client’s objectives

A

b) Efficient use of resources

32
Q
A

PMP Questions (22 decks)

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