You are a project manager newly assigned to a project to implement new manufacturing management software. The project sponsor tells you he has chosen you because he is impressed with your record of completing projects. He tells you that work must start immediately and there is not enough time to go through all the formal documentation process. He asks for a quick list of tasks to start now. What do you do?
A.
Put a quick list of the most important task together, per the sponsor's request.
B.
Start working on the project tasks and develop a general plan as soon as you can.
C.
Refuse to start on the project until you develop a project charter and get it approved.
D.
Explain the need for a project charter and project plan to the sponsor.
2.
The main purpose of project initiation is to ______.
A.
Produce the project charter.
B.
Formally describe the project.
C.
Formally authorize the project.
D.
Assign the project manager to the project.
3.
At what points in a project might you perform the processes of project initiation?
A.
Project initiation is the first process group and occurs only at the beginning of a project.
B.
Project initiation should actually be named "phase initiation" and really only occurs during execution between major project phases.
C.
Project initiation must occur at the beginning of a project and before any major milestone to authorize the project to continue toward the next milestone.
D.
Project initiation can occur at the beginning of a project and again at any point when authorization to continue the project is either required or desired.
4.
Which document formally authorizes a project?
A.
The project sponsor/initiator charter
B.
The project charter
C.
The preliminary project scope statement
D.
The project contract
5.
Which is the only process that must occur after a project manager has been assigned to the project?
A.
Develop the project charter
B.
Develop the preliminary project scope statement
C.
Develop the project statement of work
D.
Scope planning
6.
You have just been assigned as the project manager for a new project. You have collected the necessary input information and delivered the project charter to the stakeholders. What should you do next?
A.
Develop the preliminary project scope statement.
B.
Get the project charter signed.
C.
Start the initial project planning process.
D.
Ask the stakeholders for resources.
7.
Which accounting concept refers to the value today of future cash flow?
A.
Present value (PV)
B.
Net present value (NPV)
C.
Opportunity cost
D.
Sunk cost
8.
Who is responsible for issuing the project charter?
A.
The project manager
B.
The project sponsor
C.
The project team
D.
The Project management office (PMO)
9.
What is the main difference between the project charter and the preliminary scope statement?
A.
The contents of the two differ substantially.
B.
They are created during different process groups.
C.
One is created by the project sponsor, and the other is produced by the project manager.
D.
The purpose and audience of the documents differ.
10.
Who applies project selection methods to decide whether to accept or reject a project?
