91. Which of the following BEST describes the main purpose of the project charter? A. It authorizes the project manager to work on the project B. It identifies the sponsor and describes his or her role on the project C. It contains a list of all activities to be performed D. It describes the initial scope of the work 92. Which of the following describes the Executing process group? A. Project plans are developed. B. Project plans are put into action. C. Project performance measurements are taken and analyzed. D. Project plans are published. 93. You are a Project Engineer for Zimbabwe Power Company working on the Hwange Thermal Power Station expansion project. The expansion project entails constructing the addition thermal plants that is Units 7 and 8 with each unit expected to generate 300MW. The company recently engaged graduate trainees (GTs) to augment the current project team and the new hires will be reporting directly to you. Project and HR Managers advises you to employ job shadowing and reverses shadowing in your training program as part of Project Knowledge Management. What is the difference between these two training strategies? A. Job shadowing and reverse shadowing are the same B. Job shadowing is when Project Engineer demonstrates the project tasks whilst the trainee watches and Reverse shadowing the Trainees later carry out similar tasks under your supervision C. Job shadowing is when Project Engineer demonstrates the project tasks in the presents of the trainee and reverse shadowing the trainee does the same tasks in reverse order A. Job shadowing is when Project Engineer demonstrates the project tasks whilst the trainee watches and reverse shadowing the trainee teaches other trainees the same tasks 94. Which of the following is true regarding IRR? A. IRR assumes reinvestment at the cost of capital. B. IRR is not difficult to calculate. C. IRR is a constrained optimization method. D. IRR is the discount rate when NPV is equal to zero. 95. Programs are groups of related projects that are managed using the same techniques in a coordinated fashion. One of the benefits of Program Management is that it helps realize Economies of Scale. What is meant by Economies of Scale as far as program management is concerned? A. It is threshold investment in a program that Return on Investment is easily realized B. It is the minimum number of projects in a program that makes it economically viable to run C. It is the costs savings that are realized as resources are shared across a number of related projects in a program D. It is point reached at which all the triple constraints( Cost , Scope and Schedule) are at equilibrium or balanced as the number of projects are increased in a program 96. Which of the following is true? A. Discounted cash flow analysis is the least precise of the cash flow techniques because it does not consider the time value of money. B. NPV is the least precise of the cash flow analysis techniques because it assumes reinvestment C. Payback period is the least precise of the cash flow analysis techniques because it does not consider the time value of money. D. IRR is the least precise of the cash flow analysis techniques because it assumes reinvestment at the cost of capital. 97. Which of the following is true regarding the project charter? A. The project charter should be published under the name of a manager external to the project. B. The project charter should be published under a key stakeholders name. C. The project charter should be published under the name of the project manager. D. The project charter should be published under the name of the project champion. 100. You are a project manager for a manufacturing firm that produces coffee mugs. You discover a design error during a test production run on your latest project. Which of the following is the most likely response to this problem? A. Reduce the technical requirements so that the error is no longer valid. B. Go forward with production, and ignore the error. C. Go forward with production, but inform the customer of the problem D. Develop alternative solutions to address the error