Your organization wants to start a new project. The study shows that the new project will save
organization approximately $200,000 per
year. Now it is required to move forward with the project. Which of the following documents will
define the project justification?
The project charter defines the business needs, the project justification, the current
requirements, and the new warehouse your organization
wants to create. The project charter is the document that formally authorizes a project. The project
charter provides the project manager with
the authority to apply organizational resources to project activities. According to PMBOK Guide, the
project charter should address the
following information:
Requirements that satisfy customer, sponsor, and other stakeholder needs, wants and expectations
Business needs, high-level project description, or product requirements that the project is
undertaken to address
Project purpose or justification
Assigned Project Manager and authority level
Summary milestone schedule
Stakeholder influences
Functional organizations and their participation
Organizational, environmental and external assumptions
Organizational, environmental and external constraints
Business case justifying the project, including return on investment
Summary budget
If required, it also authorizes the next project phase, and updates the charter. The project manager
should always be assigned prior to the
start of planning, and preferably while the project charter is being developed.
Answer option C is incorrect. The decomposition of the project scope results in the project's Work
Breakdown Structure (WBS). The work
packages of the WBS will help the project manager and team create accurate time and cost
estimates.
Answer option A is incorrect. The feasibility study is usually created before the project scope, though
not always. This document defines the
likelihood of the project being able to reach its objectives.
Answer option D is incorrect. The project scope defines all that the project should complete.
Della works as a Project Manager for Blue Well Inc. A number of projects are running under her guidance. You, being a team leader of a project, provide Della the performance indexes of your project. The schedule variance (SV) of your project is zero. What does this figure depict?
According to the question, the schedule variance (SV) of the project is zero. A value of 0
indicates that the project is right on target.
Schedule variance (SV) is a measure of schedule performance on a project. The variance notifies that
the schedule is ahead or behind what
was planned for this period in time. The schedule variance is calculated based on the following
formula:
SV = Earned Value (EV) - Planned Value (PV)
If the resulting schedule is negative, it indicates that the project is behind schedule. A value greater
than 0 shows that the project is ahead of
the planned schedule. A value of 0 indicates that the project is right on target.
Answer option C is incorrect. The negative SV means that project is behind the schedule.
Answer option D is incorrect. This result can be drawn by looking at the cost variance (CV) of the
project.
Answer option B is incorrect. The positive SV depicts that the project is ahead of the planned
schedule.
John is the project manager for his organization. Management has asked John to fast track his project in order to reach a particular date for the project completion. When John fast tracks the project what project management component must be updated to reflect this decision? Choose the best answer.
Fast tracking allows phases of the project to overlap and increases risk for the project. When new
risks are introduced into the project they
should be recorded in the risk register.
Risk register is a document that contains the results of the qualitative risk analysis, quantitative risk
analysis, and risk response planning.
Description, category, cause, probability of occurring, impact on objectives, proposed responses,
owner, and the current status of all identified
risks are put in the risk register.
Answer option B is incorrect. The costs do not change because of the new fast tracking requirement.
Answer option C is incorrect. Resource calendars show the availability of project resources.
Answer option A is incorrect. Organizational process assets are updated as a result of updating the
risk register when you consider that the
risk register will become part of the organizational process assets. However, this is not the best
answer for this question.
Tom is the project manager of the GHQ Project for his organization. He is working on recovering the project schedule. As Tom examines his schedule he is especially aware of project activities with soft logic. What is soft logic?
Soft logic can be completed in any order without affecting the outcome of the deliverables.
Soft logic is also known as preferential logic, preferred logic, and discretionary dependency. It is
defined on the basis of knowledge of best practices and standard procedures for the particular
application area. Soft logic is defined by the project management team based on well-
known practices in a specific desired sequence.
Answer options A, D, and C are incorrect. These are not valid definitions of soft logic.
You are the project manager of the NNN Project. Stakeholders in the two-year project have
requested to send status reports to them via email every week. You have agreed and are sending the
reports on each Thursday. After six months of the project, the stakeholders are pleased with the
project progress and they would like you to reduce the status reports to every two weeks. What
process will examine the change to this project process and implement it in the project?
Although this appears to be a simple change the project manager must still follow the
rules of the project's change control system. Perform
Integrated Change Control is the process of reviewing all change requests, approving changes, and
controlling changes to the deliverables
and organizational process assets in a project. Perform Integrated Change Control has to do with
influencing the things that cause change,
determining that the change is required or has happened, and managing the change.
Answer option D is incorrect. Communications management is the execution of the communications
management plan.
Answer option A is incorrect. The project change control process not valid as it's the parent of the
integrated change control process, which is
more accurate for this question.
Answer option C is incorrect. Configuration management is the documentation and control of the
product's features and functions.
