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PRMGT
10 Questions
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PRMGT

Created by
@PositiveRetinalite9808

Questions and Answers

During starting of the project, ___ is used by project manager to review the risks that have been identified at the beginning of the point to the project sponsor.

  • a) Risk report
  • b) Risk register
  • c) Project Charter (correct)
  • d) Issue log

    1. A kick-off meeting marks the beginning of a project or initiative. What should be covered in the meeting?

  • a) Define what the project aims to achieve and clarify the expected outcomes.
  • b) Discuss budget constraints, resource allocation, and any other financial considerations relevant to the project.
  • c) Identify and introduce everyone involved in the project, including team members, stakeholders, and clients.
  • d) All the above (correct)

    1. When conducting a SWOT analysis to generate the potential of an idea for a new project, you're assessing both internal and external factors that could impact its feasibility and success. Which element in SWOT analysis is normally NOT for generating project ideas?

  • a) Strength (correct)
  • b) Weakness
  • c) Opportunity
  • d) Threat

    1. You are required to select a project to approve due to the cost constraint in the given timeframe. Your company in need to invest or have better cash flow after 1 year. Which project you will select? Project A: Payback period is 12 months and Net Present Value (NPV) is 300 Project B: Payback period is 24 months and Net Present Value (NPV) is 301

    <p>c) Project A, as the payback period is shorter</p> Signup and view all the answers

    1. Which is NOT the evaluation criterion during the selection of a project?

    <p>c) Emotional Value</p> Signup and view all the answers

    1. Which of the following is showing hybrid approach to perform a project?

    <p>c) Combine elements of predictive and agile approaches</p> Signup and view all the answers

    1. Which of the following is showing analogous estimation?

    <p>c) Use the previous projects’ information as the basis of the cost estimating.</p> Signup and view all the answers

    1. What is the next step after identifying the stakeholders?

    <p>a) Conduct stakeholder analysis</p> Signup and view all the answers

    1. A/an ____ in project management is to document and track all factors or events that are true, real, or certain for planning purposes but have not been confirmed or validated.

    <p>a) assumption log</p> Signup and view all the answers

    1. During the project planning process, David organized and defined the scope of work from defining the overall project deliverables and progressively breaking them down into smaller, manageable components.

    <p>a) Top-down approach</p> Signup and view all the answers

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