The justification for the investment to be made in a project is documented in the: a. Cost Breakdown Structure. b. procurement strategy. c. business case. d. Project Management Plan

The justification for the investment to be made in a project is documented in the: 

a. Cost Breakdown Structure. 

b. procurement strategy. 

c. business case. 

d. Project Management Plan
by

1 Answer

Answer :

c. business case.
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Related questions

The justification for the investment to be made in a project is documented in the: a. Cost Breakdown Structure. b. procurement strategy. c. business case. d. Project Management Plan.

Description : The justification for the investment to be made in a project is documented in the: a. Cost Breakdown Structure. b. procurement strategy. c. business case. d. Project Management Plan.

Last Answer : c. business case.

The main purpose of the Project Management Plan is to: a. provide justification for undertaking the project in terms of evaluating the benefit, cost and risk of alternative options. b. ensure the project sponsor has tight control of the project manager’s activity. c. document the outcomes of the planning process and provide the reference document for managing the project. d. document the outcome of the risk, change and configuration management processes.

Description : The main purpose of the Project Management Plan is to: a. provide justification for undertaking the project in terms of evaluating the benefit, cost and risk of  alternative options. b. ensure ... the  project. d. document the outcome of the risk, change and configuration management processes.

Last Answer : c. document the outcomes of the planning process and provide the reference document for managing the  project.

The main purpose of the Project Management Plan is to: a. provide justification for undertaking the project in terms of evaluating the benefit, cost and risk of alternatd. document the outcome of the risk, change and configuration management processes.ive options. b. ensure the project sponsor has tight control of the project manager’s activity. c. document the outcomes of the planning process and provide the reference document for managing the project.

Description : The main purpose of the Project Management Plan is to:  a. provide justification for undertaking the project in terms of evaluating the benefit, cost and risk  of alternative options.  b ... managing the project. d. document the outcome of the risk, change and configuration management processes.

Last Answer : c. document the outcomes of the planning process and provide the reference document for  managing the project.

Andrew has joined as the Project Manager of a project. One of the project documents available to Andrew lists down all the risks in a hierarchical fashion. What is this document called? a. Risk Management Plan. b. List of risks. c. Monte Carlo diagram. d. Risk Breakdown Structure.

Description : Andrew has joined as the Project Manager of a project. One of the project documents available to Andrew lists down all the risks in a hierarchical fashion. What is this document called? a. Risk Management Plan. b. List of risks. c. Monte Carlo diagram. d. Risk Breakdown Structure.

Last Answer : d. Risk Breakdown Structure.

Andrew has joined as the Project Manager of a project. One of the project documents available to Andrew lists down all the risks in a hierarchical fashion. What is this document called? a. Risk Management Plan. b. List of risks. c. Monte Carlo diagram. d. Risk Breakdown Structure.

Description : Andrew has joined as the Project Manager of a project. One of the project documents  available to Andrew lists down all the risks in a hierarchical fashion. What is this document  called? a. Risk Management Plan. b. List of risks. c. Monte Carlo diagram. d. Risk Breakdown Structure.

Last Answer : d. Risk Breakdown Structure.

The Scope Management Plan is included in which of the following documents. 1. Project Plan 2. The Work Breakdown Structure 3. The Scope Statement 4. Project Specifications

Description : The Scope Management Plan is included in which of the following documents. 1. Project Plan  2. The Work Breakdown Structure  3. The Scope Statement  4. Project Specifications

Last Answer : 3. The Scope Statement

The business case and the justification for the project is determined during the _____ phase. (A) initiation (B) planning(C) execution (D) closure

Description : The business case and the justification for the project is determined during the _____ phase. (A) initiation (B) planning (C) execution (D) closure

Last Answer : (A) initiation

Fill in the blank. Work breakdown structure (WBS) is a ______________ of the work with increasing detail in each layer. Select one: a. layered description b. step change c. ballpark estimate d. project execution plan e. project logic diagram

Description : Fill in the blank. Work breakdown structure (WBS) is a ______________ of the work  with increasing detail in each layer. Select one: a. layered description b. step change c. ballpark estimate d. project execution plan e. project logic diagram

Last Answer : a. layered description

Complete the following statement. As the project progresses into the execution phase: Select one: a. risks need to be checked off on activities that have been performed. b. the total risk on the project typically increases. c. risks are identified with each major group of activities. d. a risk response plan can be used to identify increasing levels of detailed risk analysis. e. the risk breakdown structure needs to be examined to be sure all the risk events have been avoided.

Description : Complete the following statement. As the project progresses into the  execution phase: Select one: a. risks need to be checked off on activities that have been performed. b. the total risk on ... risk breakdown structure needs to be examined to be sure all the risk events have  been avoided.

Last Answer : a. risks need to be checked off on activities that have been performed.

) One of the initial project documents, issued by senior management, which outlines the authority of the project manager, is called Project charter. As a seller, what other document can be used in this place: 1. Work breakdown structure 2. Project scope 3. Contract 4. Internal memo

Description : ) One of the initial project documents, issued by senior management, which outlines the  authority of the project manager, is called Project charter. As a seller, what other document can  be used in this place: 1. Work breakdown structure  2. Project scope  3. Contract  4. Internal memo

Last Answer : 3. Contract

Which of the following items should not be includedb) Detailed schedules, budgets and resource allocations c) The life cycle model to be used d) The organisational structure of the development organisation, project responsibilities, managerial objectives and priorities e) None of the above. in the project management plan? a) The techniques and case tools to be used

Description : Which of the following items should not be included in the  project management plan? a) The techniques and case tools to be used b) Detailed schedules, budgets and resource ... development  organisation, project responsibilities, managerial  objectives and priorities e) None of the above.

Last Answer : c) The life cycle model to be used

Which one of the following is true for the Project Management Plan (PMP)? a. The Project Management Plan is developed by the project manager and team and owned by the sponsor. b. A draft of the Project Management Plan is developed by the sponsor at the same time as the business case. c. The Project Management Plan is developed by the sponsor and owned by the project manager. d. The Project Management Plan is developed by the project manager and team and owned by the project manager.

Description : Which one of the following is true for the Project Management Plan (PMP)? a. The Project Management Plan is developed by the project manager and team and owned by the  sponsor. b. A ... The Project Management Plan is developed by the project manager and team and owned by the project manager.

Last Answer : d. The Project Management Plan is developed by the project manager and team and owned by the project manager.

Which one of the following is true for the Project Management Plan (PMP)? a. The Project Management Plan is developed by the project manager and team and owned by the sponsor.b. A draft of the Project Management Plan is developed by the sponsor at the same time as the business case. c. The Project Management Plan is developed by the sponsor and owned by the project manager. d. The Project Management Plan is developed by the project manager and team and owned by the project manager.

Description : Which one of the following is true for the Project Management Plan (PMP)?  a. The Project Management Plan is developed by the project manager and team and owned by the  sponsor. b. ... Management Plan is developed by the project manager and team and owned  by the project manager.

Last Answer : d. The Project Management Plan is developed by the project manager and team and owned  by the project manager.

The entire process of a project may be considered to be made up on number of sub process placed in different stage called the (A) Technical key resources (B) Work key structure (C) Work Breakdown Structure (WBS). (D) None of the above

Description : The entire process of a project may be considered to be made up on number of sub process placed in different stage called the (A) Technical key resources (B) Work key structure (C) Work Breakdown Structure (WBS). (D) None of the above

Last Answer : (C) Work Breakdown Structure (WBS).

The entire process of a project may be considered to be made upon a number of sub- processes placed in different stages called the Work Breakdown Structure. (True/False)

Description : The entire process of a project may be considered to be made upon a number of sub- processes placed in different stages called the Work Breakdown Structure. (True/False)

Last Answer : Ans. True

The entire process of a project may be considered to be made up on number of sub process placed in different stage called the (A)Technical key resources (B)Work key structure (C)Work Breakdown Structure (WBS). (D)None of the above

Description : The entire process of a project may be considered to be made up on number of sub process placed in different stage called the (A)Technical key resources (B)Work key structure (C)Work Breakdown Structure (WBS). (D)None of the above

Last Answer : (C)Work Breakdown Structure (WBS).

When developing a project's scope statement, which of the following should not be included? 1. Project justification. 2. Cost/benefit analysis 3. Project deliverables 4. Measurable objectives

Description : When developing a project's scope statement, which of the following should not be  included? 1. Project justification.  2. Cost/benefit analysis  3. Project deliverables  4. Measurable objectives

Last Answer : 1. Project justification.

Which one of the following is the last step of project closings?Select one: a. The client has accepted the product. b. Archives are complete. c. The client appreciates your product. d. Lessons learned are documented. e. Temporary staff is released.

Description : Which one of the following is the last step of project closings? Select one: a. The client has accepted the product. b. Archives are complete. c. The client appreciates your product. d. Lessons learned are documented. e. Temporary staff is released.

Last Answer : b. Archives are complete.

Which structure shows the reporting relationships and communications channels for a project? a. Work Breakdown Structure. b. Organizational Breakdown Structure. c. Product Breakdown Structure. d. Responsibility assignment structure.

Description : Which structure shows the reporting relationships and communications channels for a project? a. Work Breakdown Structure. b. Organizational Breakdown Structure. c. Product Breakdown Structure. d. Responsibility assignment structure.

Last Answer : b. Organizational Breakdown Structure.

An Organizational Breakdown Structure (OBS) is used to identify: a. the reporting structure and current availability of all individuals in the project. b. technical ability and line of communication for all individuals in the project. c. lines of communication and responsibility for all the individual managers in the project. d. the reporting structure and lines of communication for all individuals in the projects.

Description : An Organizational Breakdown Structure (OBS) is used to identify: a. the reporting structure and current availability of all individuals in the project. b. technical ability and line of communication ... . d. the reporting structure and lines of communication for all individuals in the projects.

Last Answer : d. the reporting structure and lines of communication for all individuals in the projects.

Which one of the following is captured in the Work Breakdown Structure (WBS)? a. The life cycle phases. b. The logical order of tasks. c. The scope of the project. d. Project costs.

Description : Which one of the following is captured in the Work Breakdown Structure (WBS)? a. The life cycle phases. b. The logical order of tasks. c. The scope of the project. d. Project costs.

Last Answer : c. The scope of the project.

Which one of the following statements best defines the purpose of a Product Breakdown Structure (PBS)? a. To define the hierarchy of deliverables that are required to be produced on the project. b. To define how the products are produced by identifying derivations and dependencies. c. To establish the extent of work required prior to project commissioning and the handover. d. To identify the health and safety strategies and procedures to be used on the project

Description : Which one of the following statements best defines the purpose of a Product Breakdown Structure (PBS)? a. To define the hierarchy of deliverables that are required to be produced on the project. ... . d. To identify the health and safety strategies and procedures to be used on the project

Last Answer : a. To define the hierarchy of deliverables that are required to be produced on the project.

Which of the following types of Organizational Charts can be BEST used to track project costs : A. Hierarchical-type Organizational Chart B. Organizational Breakdown Structure C. Resource Breakdown Structure D. Responsibility Assignment Matrix

Description : Which of the following types of Organizational Charts can be BEST used to track project costs : A. Hierarchical-type Organizational Chart B. Organizational Breakdown Structure C. Resource Breakdown Structure D. Responsibility Assignment Matrix

Last Answer : C. Resource Breakdown Structure

The conceptual estimate is developed with the least amount of knowledge. When more information is known, the project team can d. scope of work e. ballpark estimatedevelop a: Select one: a. work breakdown structure b. critical estimate c. rough order of magnitude (ROM) estimate

Description : The conceptual estimate is developed with the least amount of knowledge. When  more information is known, the project team can develop a: Select one: a. work breakdown structure b. critical estimate c. rough order of magnitude (ROM) estimate d. scope of work e. ballpark estimate

Last Answer : c. rough order of magnitude (ROM) estimate

Which of the following is typically a written document that defines what work will be accomplished by the end of the project?Select one: a. Scope of work (SOW) b. Project logic diagram c. Milestone schedule d. Ballpark estimate e. Work breakdown structure

Description : Which of the following is typically a written document that defines what work  will be accomplished by the end of the project? Select one: a. Scope of work (SOW) b. Project logic diagram c. Milestone schedule d. Ballpark estimate e. Work breakdown structure

Last Answer : a. Scope of work (SOW)

Which one of the following is captured in the Work Breakdown Structure (WBS)? A.The life cycle phases B.The logical order of tasks C.The scope of the project D. Project costs

Description : Which one of the following is captured in the Work Breakdown Structure (WBS)?  A.The life cycle phases  B.The logical order of tasks  C.The scope of the project  D. Project costs

Last Answer : C.The scope of the project

The evolutionary Work Breakdown Structure makes it easy to compare the current project with past project

Description : The evolutionary Work Breakdown Structure makes it easy to compare the current  project with past project

Last Answer : Ans: True

The traditional Work Breakdown Structure makes it easy to compare the current project with past projects.

Description : The traditional Work Breakdown Structure makes it easy to compare the current  project with past projects.

Last Answer : Ans: False

Which of the following is true regarding the project scope statement?A. The project scope statement includes a change control system that describes how to make changes to the project scope. B. The project scope further elaborates the Initiating processes and serves as a basis for future project decisions. C. The project scope statement describes how the team will define and develop the work breakdown structure. D. The project scope statement assesses the reliability of the project scope and describes the process for verifying and accepting completed deliverables.

Description : Which of the following is true regarding the project scope statement? A. The project scope statement includes a change control system that describes how to  make changes to the ... reliability of the project scope and describes  the process for verifying and accepting completed deliverables.

Last Answer : B. The project scope further elaborates the Initiating processes and serves as a basis  for future project decisions.

Which of the following types of Organizational Charts can be BEST used to track project costs : A. Hierarchical-type Organizational Chart B. Organizational Breakdown Structure C. Resource Breakdown Structure D. Responsibility Assignment Matrix

Description : Which of the following types of Organizational Charts can be BEST used to track project  costs : A. Hierarchical-type Organizational Chart B. Organizational Breakdown Structure C. Resource Breakdown Structure D. Responsibility Assignment Matrix

Last Answer : C. Resource Breakdown Structure

Which structure shows the reporting relationships and communications channels for a project? a. Work Breakdown Structure. b. Organisational Breakdown Structure. c. Product Breakdown Structure. d. Responsibility assignment structure.

Description : Which structure shows the reporting relationships and communications channels for a  project?  a. Work Breakdown Structure.  b. Organisational Breakdown Structure.  c. Product Breakdown Structure.  d. Responsibility assignment structure.

Last Answer : b. Organisational Breakdown Structure.

An Organisational Breakdown Structure (OBS) is used to identify: a. the reporting structure and current availability of all individuals in the project.b. technical ability and line of communication for all individuals in the project. c. lines of communication and responsibility for all the individual managers in the project.d. the reporting structure and lines of communication for all individuals in the projects.

Description : An Organisational Breakdown Structure (OBS) is used to identify:  a. the reporting structure and current availability of all individuals in the project. b. technical ability and line of ... project. d. the reporting structure and lines of communication for all individuals in the projects.

Last Answer : d. the reporting structure and lines of communication for all individuals in the projects.

Which one of the following is captured in the Work Breakdown Structure (WBS)? a. The life cycle phases. b. The logical order of tasks. c. The scope of the project. d. Project costs

Description : Which one of the following is captured in the Work Breakdown Structure (WBS)?  a. The life cycle phases.  b. The logical order of tasks.  c. The scope of the project.  d. Project costs

Last Answer : c. The scope of the project.

Which one of the following statements best defines the purpose of a Product Breakdown Structure(PBS)? a. To define the hierarchy of deliverables that are required to be produced on the project. b. To define how the products are produced by identifying derivations and dependencies. c. To establish the extent of work required prior to project commissioning and the handover. d. To identify the health and safety strategies and procedures to be used on the project.

Description : Which one of the following statements best defines the purpose of a Product Breakdown  Structure(PBS)?  a. To define the hierarchy of deliverables that are required to be produced on the project.  b. ... .  d. To identify the health and safety strategies and procedures to be used on the project.

Last Answer : a. To define the hierarchy of deliverables that are required to be produced on the project.

Each item of the Work Breakdown Structure is assigned a unique identifier. What is the name of this identifier? 1. Product ID number 2. Code of accounts 3. Quality inspection identifier 4. Project activity code

Description : Each item of the Work Breakdown Structure is assigned a unique identifier. What is the name  of this identifier? 1. Product ID number  2. Code of accounts  3. Quality inspection identifier  4. Project activity code

Last Answer : 2. Code of accounts

Contract documentation is an input to both the Close Project and Contract Closure processes. Contract documentation might include all of the following except for which one? A. Supporting documents B. Contract changes C. Financial documents D. Procurement audit documents

Description : Contract documentation is an input to both the Close Project and Contract Closure  processes. Contract documentation might include all of the following except for which  one?  A. Supporting documents B. Contract changes C. Financial documents D. Procurement audit documents

Last Answer : D. Procurement audit documents

Which one of the following statements best defines procurement? a. A technique to establish the best approach for obtaining the resources for the project. b. A group of interrelated resources and activities that transform inputs into outputs. c. The description of the purpose, form and components to support delivery of a product. d. The process by which products and services required for the project are acquired.

Description : Which one of the following statements best defines procurement?  a. A technique to establish the best approach for obtaining the resources for the project.  b. A group of interrelated resources and ... product.  d. The process by which products and services required for the project are acquired.

Last Answer : d. The process by which products and services required for the project are acquired.

Professional judgment:a. Is not used in making decisions about materiality and audit risk. b. Is necessary in the evaluation of management's judgments in applying the entity's applicable financial reporting framework. c. Should be exercised in planning and performing an audit of financial statements but need not be documented. d. Can be used as the justification for the decisions made by the auditor that are not supported by the facts and circumstances of the engagement

Description : Professional judgment:a. Is not used in making decisions about materiality and audit risk. b. Is necessary in the evaluation of management's judgments in applying the entity's applicable financial ... made by the auditor that are not supported by the facts and circumstances of the engagement

Last Answer : Is necessary in the evaluation of management's judgments in applying the entity's applicable financial reporting framework

A Cost Breakdown Structure (CBS) shows costs assigneb. individual resources using the Work Breakdown Structure (WBS). c. individual resources using the Responsibility Assignment Matrix (RAM). d. individual deliverables using the Responsibility Assignment Matrix (RAM)d to: a. individual work packages using the Work Breakdown Structure (WBS).

Description : A Cost Breakdown Structure (CBS) shows costs assigned to: a. individual work packages using the Work Breakdown Structure (WBS). b. individual resources using the Work Breakdown Structure ... Assignment Matrix (RAM). d. individual deliverables using the Responsibility Assignment Matrix (RAM)

Last Answer : a. individual work packages using the Work Breakdown Structure (WBS).

A Cost Breakdown Structure (CBS) shows costs assigned to: a. individual work packages using the Work Breakdown Structure (WBS). b. individual resources using the Work Breakdown Structure (WBS). c. individual resources using the Responsibility Assignment Matrix (RAM). d. individual deliverables using the Responsibility Assignment Matrix (RAM)

Description :  A Cost Breakdown Structure (CBS) shows costs assigned to:  a. individual work packages using the Work Breakdown Structure (WBS).  b. individual resources using the Work Breakdown Structure ... Assignment Matrix (RAM).  d. individual deliverables using the Responsibility Assignment Matrix (RAM)

Last Answer : a. individual work packages using the Work Breakdown Structure (WBS).

Scheduling can best be defined as the process used to determine: a. overall project duration. b. project cost estimating. c. the project management plan. d. sub-contractor’s responsibilities.

Description : Scheduling can best be defined as the process used to determine: a. overall project duration. b. project cost estimating. c. the project management plan. d. sub-contractor’s responsibilities.

Last Answer : a. overall project duration.

When a project manager starts to plan a new project budget, the cost of which project management process group is expected to be lowest? Select one: a. Initiating b. Executing c. Monitoring and controlling d. Closing e. Planning

Description : When a project manager starts to plan a new project budget, the cost  of which project management process group is expected to be lowest? Select one: a. Initiating b. Executing c. Monitoring and controlling d. Closing e. Planning

Last Answer : d. Closing

_____ is the process of planning and controlling the development of a system within a specified time frame at a minimum cost with the right functionality. a. Project management b. Symantic timeline c. Task identification d. Time estimation e. Work plan

Description : _____ is the process of planning and controlling the development of a system within a  specified time frame at a minimum cost with the right functionality.  a. Project management  b. Symantic timeline  c. Task identification  d. Time estimation  e. Work plan

Last Answer : a. Project management

Scheduling can best be defined as the process used to determine: a. overall project duration. b. project cost estimating. c. the project management plan.

Description : Scheduling can best be defined as the process used to determine:  a. overall project duration.  b. project cost estimating.  c. the project management plan.

Last Answer : a. overall project duration.

___ should be made of all cost factors so as to reflect on all relevant investment and operational costs of the project including contingencies.

Description : ___ should be made of all cost factors so as to reflect on all relevant investment and  operational costs of the project including contingencies.

Last Answer : Ans. Realistic estimates

Capital budgeting is a part of: A. Investment decision B. Working capital management C. Marketing management D. Capital structure

Description : Capital budgeting is a part of: A. Investment decision B. Working capital management C. Marketing management D. Capital structure

Last Answer : A. Investment decision

Unlike traditional Work Breakdown Structures (WBS), evolutionary WBSs are a. organized in a standard manner across all projects b. created in an iterative and incremental manner c. designed so one can compare the current project to past projects d. all of the above e. none of the above

Description : Unlike traditional Work Breakdown Structures (WBS), evolutionary WBSs are  a. organized in a standard manner across all projects  b. created in an iterative and incremental manner  c. designed so one can compare the current project to past projects  d. all of the above  e. none of the above

Last Answer : d. all of the above

Traditional Work Breakdown Structures tend to a. focus on the design of the system as oppose to the needs of the current phase and iteration b. force too many levels of detail early on for large project and they tend to allow too few level of detail for small projects c. be too specific for the project and difficult to compare across projects d. all of the above e. none of the above

Description : Traditional Work Breakdown Structures tend to  a. focus on the design of the system as oppose to the needs of the current phase and  iteration  b. force too many levels of detail early on for large ... project and difficult to compare across projects  d. all of the above  e. none of the above

Last Answer : d. all of the above

The evolutionary Work Breakdown Structure approach is very useful when the requirements of the system are not well understood.

Description : The evolutionary Work Breakdown Structure approach is very useful when the  requirements of the system are not well understood.

Last Answer : Ans: True

The traditional Work Breakdown Structure approach is very useful when the requirements of the system are not well understood.

Description : The traditional Work Breakdown Structure approach is very useful when the  requirements of the system are not well understood.

Last Answer : Ans: False