Undertaking a project requires a business case to justify whether the project is worth the investment. Which is the best example of a business case?

While creating the project charter, you review the business case and learn that, unlike previous projects, this project will source non-sustainable wood for the product, which substantially reduces project cost. Your company has had some financial difficulties lately, but you know it has high environmental standards and always marketed and prided itself on producing goods that are 'green'.  What is your best course of action?

On your construction project, you are eight weeks away from achieving a milestone for which your client will award you a $10,000 bonus. However, the workers union of your supplier has announced a strike. If your supplier cannot settle the dispute within three weeks, the supply interruption could delay your project. There is a 20% chance the strike exceeds three weeks, and you predict the delay will cost $50,000 What is the expected monetary value (EMV) of this risk?

A project manager has been assigned to a project just after the project charter was signed. The project manager conducted a benefits analysis with stakeholders which confirmed that the project was in alignment with the organizational strategy and expected business value. The project is now complete, and everybody agrees it was successful in meeting objectives for scope, schedule, and budget.  However, the project was a failure from a business point of view. What most likely happened?

A construction project has experienced weather-related delays as well as performance issues with several key vendors, and the risk responses have been implemented with varying degrees of success. A senior executive has asked the project manager for an update on the current overall project risk exposure. What should the project manager do?

An organization is considering rolling out a new technology that could enhance employee productivity and excitement. Some have warned that the new technology could be out-of-date soon after roll out and there would be substantial costs in material and end-user training. Management is unsure whether to green light this project. What is the best course of action for the organization to take before making a decision?

In light of rising fuel costs, a car manufacturer is responding to market demand by initiating a project to increase the fuel efficiency of their cars. The company executives aim to improve the market share and profitability of the company.  In this scenario, which of the following is not one of the four fundamental categories of factors that led to the initiation of the project?

You are leading a project to renovate a faulty waste treatment facility, which will use the same waste disposal techniques as those currently in place. However, legislation for more stringent waste disposal techniques will likely be voted on in the near future. How should you handle the legislation during the development of the project charter?

Execution has begun for a project to establish retail distribution in a new area of the country. However, the performing organization has just announced the acquisition of a competitor that has a well-established retail distribution network in the target area rendering the project objectives obsolete. What is the best course of action for the performing organization?

As part of project initiation, the project manager reviews the business case, creates the stakeholder register, and helps the sponsor with the development of the project charter. What else should the project manager do before moving on to project planning?

The project manager is concerned that the new system planned to be delivered by the project may not be adopted by the end users in the department due to their anti-change culture and resistance to new initiatives as seen in the past. What is the best course of action for the project manager?

You are leading a project for a restaurant chain to reduce the average time a customer spends in the drive-through lanes. As part of the development of the project charter, you compare your company's drive-through processes to three competitors with the fastest drive-through lanes. What technique are you using in this scenario?

A project requires the use of various contractors to complete the project deliverables, and you have scheduled a bidder conference as part of the procurement process. Which of the following values is best represented by holding a bidder conference?

You are in the process of monitoring the overall progress of project work. Throughout your project, you have experienced recurring issues, and you want your current and future projects to run more smoothly. Which of the following is least likely to proactively promote continuous improvement?

You are developing the project management plan for a project to develop an interactive computer-based visualization that will demonstrate the efficacy of a new drug versus a competitor's drug and placebo. A completed visualization must be available for a convention that is scheduled in six months, after which time the visualization will no longer provide any value. What might you do to ensure the project delivers the intended benefits?

A pharmaceutical company invested $5,000,000 in a project to develop a new drug to treat hypertension, which was terminated before completion.  However, before the project was canceled, testing indicated that a side effect of the drug was the stimulation of hair growth. The pharmaceutical company is now in the initiation stage of a new project to develop the drug as a treatment for hair loss. How should the $5,000,000 spent on the previous project be treated with respect to the benefits analysis of the new project?

You have been requested to provide information on your project's activities and processes to a unit within your company but external to the project. This group of individuals will compare the information to organizational and project policies, processes and procedures and identify good and best practices being used as well as nonconformity, gaps, and shortcomings within project activities and processes. What tool or technique is being conducted by the external team?

Team members are frequently changing during the long timeline of a multi-phase project. The project manager is questioning whether to include agile practices to accommodate the changes. What should the project manager do prior to moving to a hybrid approach?

An organization has established a threshold for all projects that the expected incremental revenue must exceed costs by at least 25%. The current project is projected to have a benefit-cost ratio (BCR) of 1.75. Based on this information, what can be said about the project?

The organization's leadership wants projects to include more agile methodologies. Before mandating any agile methods to be used in a project, what should be done first?

A project manager wants to incorporate a continuous improvement approach throughout project execution. Which of the following actions is the project manager least likely to take?

In a meeting with all the project managers of a department-wide improvement program, the program manager states the program's mission and authority relationships.  As one of the project managers attending the meeting, what do the mission and authority relationships represent to your project?

You are a project manager at an organization with a project management office (PMO), which maintains complete control of all projects. The PMO has just created a project charter for a project to evaluate and streamline their product offerings and has named you as the project manager.  You are employed by which type of PMO organization?

A three-phase project to build a prototype is underway. The first phase entails design.  In the second phase, the manufacturing team would produce the parts from the design specifications In the third phase, the production team would assemble the parts to construct the prototype. The project is now at the end of the first phase What should be done with the phase's deliverables?

You are in the process of monitoring the overall progress on your project. During this process, you have captured details of an effective response to a variance encountered on the project. What is the main reason for documenting this knowledge?

An accountant is concerned about how costs and returns are to be monitored on a newly initiated agile project. What words of advice could an agile practitioner give to the accountant?

Your team develops an on-line shopping site for a strategic customer. During the demonstration of the site, the customer is very impressed and wants to launch it immediately.  You know that one more sprint is needed to complete the documentation required by the Payment Card Industry Data Security Standard regulations.  The sponsor insists on an immediate launch. What is your best course of action?

To promote continuous improvement, your organization uses a methodology that involves defining the objectives and scope of the project, measuring to obtain data, analyzing the collected data to find the root causes, improving by developing a solution, and controlling by evaluating the implemented solution. What quality improvement method is your organization using?

You just received an email from your client stating that as a result of changing government regulations, the current project is being canceled. You contact your supervisor, who confirms the news and asks you to terminate the project.  What should you do next?

In preparation for an upcoming project status meeting, you have determined the value of the work completed thus far is $100,000 with a budget at completion (BAC) of $1,000,000. At this point in the project, you have spent 12% of the project budget. The value of work planned to be completed at this point is $115,000. What will you report at the project status meeting?