All of the following are true regarding project life cycles except for which one?

a. The potential of a project ending successfully is lowest at the beginning and increases as the project progresses through its life cycle.

b. In the beginning of the project life cycle, costs are low, and few team members are assigned to the project.

c. Toward the end of the project, stakeholders have the greatest chance of influencing a project.

d. Risk is highest at the beginning of the project and gradually decreases over the project's life cycle.

2. Which of the following statements does not apply to the project charter?

a.The project charter formally authorizes the project.

b. The project charter includes a work breakdown structure (WBS) and associated WBS dictionary.

c. The project charter provides the project manager with authority to devote organizational resources to project activities.

d. The project charter identifies an external project sponsor.

3. The project cost and schedule for deliverables can be reasonably estimated at what level of the work breakdown structure (WBS)?

a. The work package level

b. Both A and C

c. The midlevel

d. The lowest level

4. You would like to use project management best practices to sequence the activities for your road construction project. Which of the following are based on preferred dependencies and/or best practices?

a.Mandatory dependencies

b.Best Practice standards for ISO 9001 certification

c.Industry norms

d.Discretionary dependencies

5. You are a Project Manager currently. You have finalized the list of Stakeholders, Which Process Group you are working in?

a.

Planning

b.

Executing

c.

Initiating

d.

Monitoring & controlling

e.

Closing

6. You are the project manager for a company that produces mobile phone applications. Currently, the director of the consumer division is evaluating two projects. Funding exists for only one project. Project UV aims to produce a mobile phone application that sends alerts when the UV rays are at dangerous levels, alerting users to stay indoors; Project Fun aims to send alerts when it detects that users have not visited any destinations outside of their usual routine. The director asks you to calculate the payback period and NPV for both projects, and here is what you derive:

Project UV: The payback period is 12 months, and the NPV is (100).

Project Fun: The payback period is 18 months, and the NPV is 250.

Which project would you recommend to the director?

a.

Project UV, because the payback period is shorter than Project Fun

b.

Neither

c.

Project UV, because the NPV is a negative number

d.

Project Fun, because the NPV is a positive number