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NEW QUESTION # 56
A project manager is talking with their manager about the advantages of following a particular project management approach. What component of the project manager's sphere of influence does this represent?
Answer: C
Explanation:
Section: Volume E
NEW QUESTION # 57
Which type of management focuses on ensuring that projects and programs are reviewed to prioritize resource allocation?
Answer: B
Explanation:
Explanation/Reference:
Explanation:
1.4.2 Portfolio Management
A portfolio refers to projects, programs, subportfolios, and operations managed as a group to achieve strategic objectives. The projects or programs of the portfolio may not necessarily be interdependent or directly related. For example, an infrastructure firm that has the strategic objective of "maximizing the return on its investments" may put together a portfolio that includes a mix of projects in oil and gas, power, water, roads, rail, and airports. From this mix, the firm may choose to manage related projects as one program. All of the power projects may be grouped together as a power program. Similarly, all of the water projects may be grouped together as a water program.
Thus, the power program and the water program become integral components of the enterprise portfolio of the infrastructure firm.
NEW QUESTION # 58
The purpose of developing a project scope management plan is to:
Answer: A
Explanation:
Section: Volume B
NEW QUESTION # 59
The following is a network diagram for a project.
The critical path for the project is how many days in duration?
Answer: C
NEW QUESTION # 60
A project has an EV of 100 workdays, an AC of 120 workdays, and a PV of 80 workdays. What should be the concern?
Answer: B
Explanation:
Section: Volume D
Explanation:
Earned Value (EV) = 100
Actual Cost (AC) = 120
Planned Value (PV) = 80
NEW QUESTION # 61
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