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A. Contract, project (statement of work) SOW, enterprise environmental factors, organizational process assets B. Project SOW, project selection methods, organizational process assets C. Contract, project selection methods, enterprise environmental factors, organizational process assets D. Project SOW, project selection methods, enterprise environmental factors 2. What are the five project management process groups, in order? A. Initiating, Executing, Planning, Monitoring and Controlling, and Closing B. Initiating, Monitoring and Controlling, Planning, Executing, and Closing C. Initiating, Planning, Monitoring and Controlling, Executing, and Closing D. Initiating, Planning, Executing, Monitoring and Controlling, and Closing 3. Which of the following is not part of the five constraints of project management? A. Meeting scope goals B. Meeting time goals C. Meeting communication goals D. Meeting quality goals 4. Several individual housing projects done in same area by the same firm might best be managed as part of a ___________ A. Portfolio B. Program C. Investment D. Collaborative 5. The tendency for project scope to increase is called ______________ A. Gold-plating B. Incremental planning C. Scope creep D. Analysis paralysis 6. In which of the five project management process groups are activities performed that relate to all 9 knowledge areas? A. Initiating B. Planning C. Executing D. Monitoring and controlling E. Closing 7. In which of the five project management process groups define a new project or a new phase of an existing project by obtaining authorization to start the project of phase? A. Initiating B. Planning C. Executing D. Monitoring 8. What document provides necessary information from a business standpoint to determine whether or not the project is worth the required in investment A. Project charter B. Business case C. Scope statement D. Stakeholder analysis 9. What document formally recognizes the existence of a project and provides a summary of the project's objectives and management? A. Project charter B. Business case C. Scope statement D. Stakeholder analysis 10. What are the required tasks in the initiating process? A. Develop project charter B. Develop project scope statement C. Identify stakeholders D. A&B E. A&C 11. What could be used as inputs for developing project charters? A. Information learned from previous project B. Company culture C. Contract D. Description of products or services to be delivered by the project E. All of the above 12. What document integrates and consolidates all of the subsidiary management plans and baselines from the planning process? A. SOW B. WBS C. Project charter D. Project management plan 13. While doing project planning, what are the required tasks to manage scopes of the project? A. Collect requirements, define scope, create WBS B. Stakeholder analysis, develop project management plan, develop schedule C. Develop project charter, develop project management plan, develop schedule D. Develop project management plan, define activities, estimate activity durations 14. A complex project will fit best in what type of organization? A. Functional B. Heavy-matrix C. Projectized D. Balanced-matrix 15. In which of the following project management process groups are the most time and money typically spent? A. Initiating B. Planning C. Executing D. Controlling 16. You've been hired by a large consulting firm to lead an accounting project. You determine the needs of the project and divide the project work into smaller, more manageable components. What are you creating? A. A WBS B. A schedule C. A Project Scope Statement D. A contract 17. What do you call a document that describes detailed information about each WBS task? A. Scope Management Plan B. WBS C. WBS Dictionary D. Project Scope Statement 18. Which of the following is NOT true about Minimum Attractive Rate of Return (MARR)? A. It is a minimum level of capital return required by the organization. B. It could be set below the local bank's interest rate C. It could be set equal or higher the firm's current average return on total investment D. None of the above 19. Which of the following is true about critical path of project? A. It is the longest path in the net work diagram B. It can be used to calculate project finish time C. It is a path consisting of activities with zero slack D. All of above 20. What is the first step in planning a project schedule? A. Developing a budget B. Developing an activity list C. Assigning resources to the project