Questions

1. What is the definition of a project? Choose all that apply.
   • A group of related programs
   • A temporary endeavor
   • Managed in a coordinated fashion
   • Produces a unique product service or result
   • Managed by a project manager
2. What is the definition of a program?
   • A group of unrelated projects
   • Temporary and unique
   • A type of organizational structure
   • A group of projects managed in a coordinated fashion
3. Which of the following represents a portfolio?
   • A group of unrelated projects and programs
   • A group of related projects and portfolios
   • A program and multiple projects
   • None of the above
4. You are helping your manager expedite a project in your department while still working on your day-to-day work. What type of organizational dynamic are you working in?
   • Matrix
   • Project-based
   • Functional
   • Composite
5. Which of the following are considered the best organizational structures for project managers? Choose all that apply.
   • Project-based
   • Weak matrix
   • Strong matrix
   • Functional
   • Composite
   • Balanced matrix
6. The selection committee is trying to determine which project to charter and has several options to choose from. Which project is the best for the committee to choose based on the information given?
   
   • Project A has a payback period of 1 year
   • Project B has a payback period of 2 years and an NPV of $350,000
   • Project C has an internal rate of return of 0.6
   • Project D has a payback period of 1 year and an NPV of $350,000

7. The project-selection committee is working with a business analyst who is predicting that the project the organization is considering has an internal rate of return of 1.3%. Based on this information alone, this is a project the committee should consider. True or false?
   • True
   • False
8. How many knowledge areas are there in the project management body of knowledge?
   
   • 12
   • 10
   • 8
   • 15

9. A strong matrix is a good organization dynamic for project managers because:
   • The project manager reports to the functional manager
   • The project manager is not in charge of the project and the team
   • The project manager is in charge of the project and the team
   • The project manager shares resources with functional departments but is still in charge of the project
10. Which of the following knowledge areas manages the project-management plan and the production of deliverables?
    • Scope-management
    • Schedule-management
    • Procurement-management
    • Integration-management
11. During project-selection, the business analysts use integer programming. Which of the following categories of project-selection techniques is this part of?
    
    • Expert judgment
    • Economic models
    • Scoring models
    • Constrained optimization
12. In a balanced matrix, which of the following situations could be considered true?
    
    • Project work is valued over operational work
    • There is an equal amount of focus on project and functional/operational work
    • There is more focus on functional work
    • The project manager and the PMO have equal power

13. All of the following describe the soft skills that are important to project management except:
    • Leadership
    • Team-building
    • Scope-management
    • Communication
14. During project-selection, the selection committee decides to take on a project with a negative NPV. Which of the following is the reason why an organization would make this decision?
    
    • The organization needs to change a process or product for regulatory compliance
    • The organization knows that the lower the NPV is, the better
    • The organization is only concerned with the payback period
    • The organization needs to produce a new product or service
15. Which of the following knowledge areas best represents relationship building through good communication?
    
    • Communication management
    • Human resource management
    • Procurement management
    • Stakeholder management