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The phases of a project life cycle are:

A.

starting, planning, control and closing.

B.

concept, definition, development, handover and closure.

C.

initiation, definition, planning, monitoring and operations.

D.

concept, definition, implementation and operations.

A portfolio can best be defined as:

A.

A group of projects and programmes carried out within an organisation.

B.

A group of programmes carried out under the sponsorship of an organisation.

C.

A group of projects carried out under the sponsorship of an organisation.

D.

A range of products and services offered by an organisation.

Which of the following defines the term 'risk'?

A.

The potential of a situation or event to impact on the achievement of specific objectives.

B.

A problem that is now or is about to breach delegated tolerances for work on a project or programme.

C.

Scope creep within an uncontrolled project.

D.

The use of estimation to determine costs, resources and activities.

What information would be expected as content for a business case?

A.

A. detailed schedule of the project.

B.

An outline of the project management team.

C.

An outline of the estimated costs of implementing the project.

D.

detailed breakdown of the scope of the project.

Which one of the following statements is true?

A.

The business case is owned by the sponsor and is created during the concept phase of the project life cycle.

B.

The business case is owned by the project manager and is created during the concept phase of the project life cycle.

C.

The business case is owned by the sponsor and is created during definition phase of the project life cycle.

D.

The business case is owned by the project manager and is created during the definition phase of the project life cycle.

When managing the internal context, the project manager should especially be aware of:

A.

organisational strategy, policies and frameworks.

B.

competitive positioning.

C.

new legislation.

D business continuity.

An Organisational Breakdown Structure (OBS) is used to identify:

A.

the reporting structure and current availability of all individuals in the project.

B.

technical ability and line of communication for all individuals in the project.

C.

lines of communication and responsibility for all the individual managers in the project.

D.

the reporting structure and lines of communication for all individuals in the projects.

Controlling or influencing project success factors will:

A.

increase the likelihood of a successful project.

B.

ensure senior management support.

C.

measure progress towards a successful conclusion.

D.

ensure project completion.

Portfolio management involves:

1) selection

2) control

3) prioritisation

4) transition

A.

1, 2 and 3

B.

1, 2 and 4

C.

2, 3 and 4

D.

1, 3 and 4

Portfolio management could best be described as:

A.

the co-ordinated management of related projects, including related business-as-usual activities.

B.

the formal process through which changes to the project plan are approved and introduced.

C.

the identification of the benefits (of A. project or programme) at an organisational level and the tracking and realisation of those benefits.

D.

the selection and management of all of an organisation's projects, programmes and related business-as-usual activities, taking into account resource constraints.