Process Groups
What are the 5 process groups
Initiating
Planning
Executing
Monitoring and Controlling
Closing
Which project selection method evaluates how quickly the project pays for itself?
Payback Period
What role provides the financial resources for the project?
Project Sponsor
Which organizational structure provides the project manage with the least authority?
Functional organization
What Process do you do in every activity
Monitoring and Controlling
What does Opportunity Cost represent in project selection?
The value of the next best project not selected
Who typically manages operations and may provide resources to the project, but does not oversee the project directly?
Functional or Resource manager
Which type of PMO has the most control?
Directive PMO
If your project has multiple phases, what should occur at the end of each phase?
Phase Gate
The cost and the benefits are equal
During which process group should stakeholders be identified?
Initiating
In a strong matrix organization, who has the most authority?
The project manager
What are the 5 process groups for AGILE?
Feasibility
Initiation
Release Planning
Iteration
Close Out
What does a negative NPV imply about your project?
The project is expected to lose value.
In Agile methodology, who prioritizes the backlog?
Product Owner
What is the most efficient project organization?
Project-oriented Organization