PMP1

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PMP1

Your manager has asked you for a cost baseline for the project, but it is early in the project management process and there is very little project information. In this circumstance, what is the best way to estimate this project? *

1 point

Calculate an estimate using the schedule model.

Extrapolate from historical data.

Ask the team for estimates of each activity.

Provide a rough order of magnitude estimate.

If project A has a net present value (NPV) of US $30,000 and project B has an NPV of US $50,000, what is the opportunity cost to the organization if project B is selected? *

1 point

$50,000

$23,000

$30,000

$20,000

You have been tentatively assigned to a project that has not yet received final approval. Several stakeholders who will likely be involved or impacted by the project have already been identified. Stakeholders can be identified during which project management process groups? *

1 point

Initiating and planning

Planning and monitoring and controlling

Monitoring and controlling and closing

Initiating, planning, executing, and monitoring and controlling

You are meeting with a group of managers at a client company to understand the requirements of the call center project. These functional managers are adamant that they know what is required and question your desire to meet with the call center staff. You are asked, "Why would you want to speak with the workers? They are not involved with planning the organizational strategy of the company" You respond that: *

1 point

You'd like to invite both supervisors and line staff into the current meeting to hear their opinions.

You'd like to meet with each call center staff member, separately or as a group, as the call center staff may have valuable insights.

You'd like to invite the call center supervisors into the current meeting and ask their opinions to confirm what the managers said.

After writing up a report about what you've learned at this meeting, you should copy all call center staff for their anonymous input.

The organization wants to expand its pet care line. Research and development has developed a new concept, and marketing advises that all efforts should be made to create and release this product as soon as possible. A business case has been created and accepted, and you have been named project manager for this effort. You are determining how you will proceed. All the following should be determined before project planning except: *

1 point

Business case

Project stakeholders

Project scope statement

Project charter

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