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You are a project manager taking over a project that’s in the definition phase. The project sponsor asks you to prepare for an upcoming budget review as they have concerns regarding the lack of cost control shown by the project to date.

Which of the following actions would best improve the project sponsor's confidence in how you will control costs?

A.

Create a work breakdown structure.

B.

Create a cost breakdown structure.

C.

Create an earned value report.

D.

Create a financial appraisal.

You are the project manager for a large-scale rebranding project. During a critical phase, it becomes evident that additional funding is necessary to address unforeseen challenges.

Which role within the project would you approach to authorise the updated business case and secure the necessary funds to ensure the project's continuation?

A.

Project steering board.

B.

Product owner.

C.

Quality manager.

D.

Project sponsor.

You are managing a project to develop and deploy a new finance management software system for a client. The project has been deployed and is now in the post-deployment support phase. This phase requires ongoing technical support and maintenance after the software is deployed. The workload can vary significantly over time, is likely to evolve over time, and quick response times are essential.

Question: Based on the features of different contractual relationships and methods of supplier reimbursement, state the most appropriate contract type for the post-deployment phase. (1 mark)

Question: Explain four reasons why this would be the most suitable. (4 marks)

Which of the activities below would provide final assurance of a project?

A.

Troubleshooting a technical fault.

B.

Allocation and approval of the project budget.

C.

Testing of a product.

D.

Developing organizational policies.

Which of the following statements does not describe the importance of linking projects to an organisation's objectives?

A.

Linking projects to organisational objectives facilitates better decision-making and prioritisation of initiatives.

B.

Aligning projects with organisational objectives ensures that resources are allocated efficiently and effectively.

C.

Projects unrelated to organisational objectives are typically more successful due to their independence from organisational constraints.

D.

Projects not aligned with organisational objectives are typically less likely to secure adequate funding.

Quality control activities help to prevent problems being passed on to customers. State two quality control checks that may be carried out during a project:

You are tasked with writing a business case for a new internal software project within your organization. You are considering how your organizational practices and norms would affect the project, thinking through the roles, governance structure, life cycle choice, etc.

What is the most appropriate analysis technique that you would use to compare organizational practices and norms?

A.

SWOT

B.

None of the above

C.

PESTLE

D.

VUCA

You are the project manager of a project that’s currently in the definition phase. After your first meeting, the project sponsor has asked to see the integrated project management plan.

In this scenario, which of the following best describes the importance of an integrated project management plan?

A.

It helps new team members understand the project during their onboarding.

B.

It provides a baseline to measure the project's success before the project is closed.

C.

It ensures the project's testing strategy will meet the expected level of quality.

D.

It helps set expectations between the project manager and project sponsor.

What are two benefits of governance in risk and issue management?

A financial services company is launching a new banking product for which the sponsors have set a challenging timeline for an initial launch. The stakeholders have provided a list of conflicting requirements to be included in the new product design and build.

The project manager has decided to deliver the project in an iterative life cycle due to the time constraints.