You are the program manager of the MQQ Program. Your program will use equipment and materials that are new to your industry. You have some concerns that there will be delays and waste by your program team because they've not worked with these materials or tools before. You elect to send the resources that will work the most with these tools through training. The cost of the training in this instance is known as which one of the following?
A. Indirect costs
B. Cost of doing business
C. Direct costs
D. Cost of conformance quality
Josh is the program manager for his organization and he's leading the analysis for a new program that may be initiated by his company. The analysis is a focus on the return on investment for new software that may be created if the program is initiated. What type of a document is Josh likely creating for his company?
A. Business case
B. Program charter
C. Program scope statement
D. Statement of work
You are the program manager for your organization and are reviewing several proposed change requests for your program. Mary, a stakeholder, who has made a change request is asking why it is taking you so long to review the change. You tell her that you must perform integrated change control to review each change request. What is integrated change control?
A. It is the review of the impact of the change on the program's knowledge areas.
B. It is the review of the impact of the change on the time, cost, scope, and quality baselines.
C. It is the review of the impact of the change on the program's triple constraints.
D. It is the review of the impact of the change on the program's Iron Triangle.
You are the program manager for your organization and are working with Tracy, one of the project managers in your program. Tracy is having some trouble understanding the concept of the critical path in her project's network diagram. Which one of the following is the best definition of the critical path?
A. It is the path that carries the most risk of project failure.
B. It is the path that reveals the earliest date the project can finish.
C. It is the path with the most important activities in the project.
D. It is the duration of all the project activities if the labor is summed.
In your organization there are rules and procedures that the program manager must follow and abide by before the program can begin and must continue to follow once the program is in execution. What term is assigned to the enforcement of these program management rules and procedures?
A. Program governance
B. Organizational process assets
C. Program standards
D. Process analysis
Your program has a budget at completion of $1,550,000 and is expected to last one year.
Currently your program is 45 percent complete and has spent $725,000. According to the program schedule you are actually to be fifty percent complete at this, but due to some vendor delays your program is running just a bit late.
Management is concerned that your program will not be able to recoup the costs of the expenses. They've asked you to determine the cost variance for the program. What is the cost variance based on this information?
A. -$27,500
B. -$77,500
C. -$61,111
D. .90
You are the program manager for a large program in your matrix organization. You need to define when the resources in your program will be brought into the program and then released from the program so that the project managers,
operational managers, and your program team can plan accordingly. What program management plan defines when
resources are needed, how the resources will be obtained, and how the resources may be released from the program?
A. Procurement management plan
B. Resource management plan
C. Team management plan
D. Schedule management plan
You are the program manager for the HNY Corporation and you complete programs for other companies in your role. You have just been assigned a new program that is very similar to a recently completed program you did for your company. Management has asked you to create a cost estimate for the program so you base your current cost estimate on the recently finished program. What type of estimating technique have you used in this instance?
A. Bottom-up
B. Parametric
C. Analogous
D. Rough order of magnitude
You are the program manager of the GHY Program. Your program team has identified a risk dealing with the materials you will be using in the program. It is possible that if the materials are not installed properly they will cause serious damage in future phases of the program. Your team has recommended additional training and a consultant to help the team members install the material accurately to reduce the likelihood of the risk event. You agree and the team executes the risk response. What type of risk response have you implemented in this situation?
A. Enhancing
B. Workaround
C. Mitigation
D. Avoidance
An organization is considering a new program. The business analyst believes that the benefits to the organization would equate to $1,550,000 in five years. If the rate of return for this program is six percent what is the maximum amount the organization should invest in this program?
A. $1,158,250
B. It depends on the internal decision making process.
C. $2,074,249
D. $1,550,000
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