Week 1 – Fundamentals of project initiation – Shuffle Q/A 2

21. Which document allows project managers to get organized, sets up a framework for what needs to be done, and communicates the framework to stakeholders?

  • A project charter
  • A risk log
  • A retrospective document
  • A budget plan

22. In the initiation phase, a project manager performs research, consults with stakeholders, and clearly documents key project components. What does going through this process help them solidify?

  • Project tasks
  • Project scope
  • Project delivery dates
  • Project closeouts

23. As a project manager, you analyze the amount of time team members will need to spend on a project and the likely ongoing project expenses. What step of the cost benefit analysis are you completing?

  • Benefit analysis
  • Goals analysis
  • Cost analysis
  • Expense analysis

24. As a project manager, you work with key stakeholders to define what needs to be completed and achieved for a project . Which key component of project initiation does this scenario concern?

  • Resources
  • Deliverables
  • Goal
  • Success criteria

25. What type of document needs approval from key stakeholders in order to move to the planning stage?

  • A risk log
  • A retrospective document
  • A project charter
  • A budget plan

26. You expect that a project will bring in $20,000 USD in revenue per year. You estimate it will cost $8,000 up front. You also estimate costs of $150 per month for the first 12 months, which equals $1,800 per year. Using the formula (G-C) ÷ C = ROI, how would you calculate the project’s return on investment (ROI) after the first 12 months?

  • (20,000 – 8,000) ÷ 9,800 = 90%
  • (20,000 – 9,800) ÷ 9,800 = 104%
  • (20,000 – 9,800) ÷ 8,000 = 88%
  • (20,000 – 14,400) ÷ 9,800 = 108%

27. What are two potential consequences of a project manager failing to properly initiate a project? Select all that apply.

  • Stakeholders might not agree on what success looks like.
  • External risks can affect project success.
  • New dependencies can arise.
  • Resources can be underestimated.

28. Fill in the blank: A cost-benefit analysis weighs the potential value of a project against money, resources, and _____ required.

  • policies
  • time
  • expectations
  • competitors

Shuffle Q/A 3

29. As a project manager, you meet with stakeholders to set what products and services you will complete for the project. Which project initiation component are you trying to determine?

  • Success criteria
  • Resources
  • Deliverables
  • Scope

30. Which of the following could be considered intangible benefits? Select all that apply.

  • Customer satisfaction
  • Brand perception
  • Income earned
  • Employee satisfaction

Devendra Kumar

Project Management Apprentice at Google

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