Chapter 2
Project Life Cycle Phases (Domain 2.0)

1. What elements are explained in a business case?
   1. Justification by identifying the organizational benefits
   2. Alternative solutions
   3. Alignment to the strategic plan
   4. All of the above
   5. A, C
2. What plan determines the information needs of the stakeholders, the format of information delivery, delivery frequency, and the preparer?
   1. Stakeholder analysis plan
   2. Project charter
   3. Human resources plan
   4. Communication plan
3. The high-level scope definition describes which of the following?
   1. High-level deliverables of the project
   2. Objectives of the project
   3. Reason for the project
   4. All of the above
4. In what project life cycle phase are the majority of the processes and project documents created?
   1. Discovery/concept preparation
   2. Initiation
   3. Planning
   4. Execution
   5. Closing
5. Which component of the project charter describes the characteristics of the product created by the project?
   1. Project description
   2. Business case
   3. Deliverables
   4. Quality plan
6. In what project life cycle phase is the influence of stakeholders the least effective?
   1. Discovery/concept preparation
   2. Initiation
   3. Planning
   4. Execution
   5. Closing
7. Which conflict resolution technique produces a win-lose result for the parties?
   1. Forcing
   2. Confronting
   3. Avoiding
   4. Attacking
8. What are the three common constraints found in projects? (Choose three.)
   1. Time
   2. Personnel
   3. Working space
   4. Budget
   5. Inventory
   6. Scope
9. A road construction project is going to require the company's road paver, a piece of equipment that lays asphalt on roadways, in the next two weeks. The road paver is in use until this Friday in a different city and will require five days to be relocated. This is an example of which type of constraint?
   1. Environment
   2. Scheduling
   3. Scope
   4. Quality
10. In the determination of the project scope, which of the following constraints need to be factored into the discussion? (Choose two.)
    1. Project manager
    2. Predefined budget
    3. Mandated finish date
    4. Competitive advantage
11. Chase is a project manager and has released all of the team members from the project, closed vendor contracts, and archived project documents. In what life cycle phase is the project?
    1. Discovery/concept preparation
    2. Initiation
    3. Planning
    4. Execution
    5. Closing
12. The project charter is prepared and agreed to in which project life cycle phase?
    1. Discovery/concept preparation
    2. Initiation
    3. Planning
    4. Execution
    5. Closing
13. After the project charter is signed, what meeting is held to introduce the project team and stakeholders as well as outline the goals for the project?
    1. Lessons learned meeting
    2. Project introductory meeting
    3. Kickoff meeting
    4. Team building lunch
14. Work produced in the high-level risk assessment should be documented in which of the following?
    1. Work breakdown structure
    2. Project charter
    3. Risk register
    4. Quality control plan
15. The steering committee originally mandated that cost was the most important factor to the project, keeping the project team size lean. As the project drags on, the steering committee shifts and tells the project manager that schedule is the most important factor to the project. This is an example of which type of influence on a project?
    1. Change request
    2. Constraint reprioritization
    3. Scope creep
    4. Interactions between constraints
16. Resource allocation, including assigned equipment, team members, and money to support a project, occurs in which project phase?
    1. Discovery/concept preparation
    2. Initiation
    3. Planning
    4. Execution
    5. Closing
17. A project manager is having problems with one team member who is being insubordinate. The project manager approaches the team member to find out what is going on and determines that a change can be made now that the facts are known. This is an example of which of the following?
    1. Forcing
    2. Avoiding
    3. Confronting
    4. Smoothing
18. Developing the project team involves all the following EXCEPT:
    1. Developing a team that lasts longer than the project
    2. Creating a positive environment for team members
    3. Creating an effective, functioning, and coordinated group
    4. Increasing the team's competency levels
19. The characteristics of the lower-level WBS include all of the following EXCEPT:
    1. WBS components are a further decomposition of project deliverables.
    2. WBS components should always happen concurrently with determining major deliverables.
    3. WBS components should be tangible and verifiable.
    4. WBS components should be organized in terms of project organization.
20. A project manager meets with upset team members to listen to their concerns. After hearing their concerns, the project manager makes some of the team members' recommendations in exchange for the team members accepting other rules. This is an example of which of the following?
    1. Forcing
    2. Compromising
    3. Confronting
    4. Smoothing
21. Which of the following is the best definition of a capital expense, or CapEx?
    1. Money spent on running the business operations of a company
    2. Debt accrued on travel expenses needed to run a business
    3. Money spent on long-term physical or fixed assets used in a business's operations
    4. Debt accrued through the issuing of long-term bonds
22. Expenditures not expensed directly on a company's income statement and considered an investment are known as which of the following?
    1. CapEx
    2. OpEx
    3. TOR
    4. SOW
23. Which of the following is the best definition of an operational expense, or OpEx?
    1. Money spent on running the business operations of a company
    2. Debt accrued on travel expenses needed to run a business
    3. Money spent on long-term physical or fixed assets used in a business's operations
    4. Debt accrued through the issuing of long-term bonds
24. DewDrops has received an invoice from their business partner that asks for the monthly payment for staff time plus travel expenses. Which of the following is the best choice on how to categorize this purchase?
    1. CapEx
    2. OpEx
    3. TOR
    4. SOW
25. Wigit Construction is wanting to expand their headquarters campus by building a new state-of-the-art facility for its design crew. Which of the following would be the best categorization of this spending?
    1. TOR
    2. OpEx
    3. ROI
    4. CapEx
26. What does TOR stand for?
    1. Time of reflection
    2. Terms of reconciliation
    3. Terms of reference
    4. Time of reference
27. Derived from the project scope and charter, what would be included in the terms of reference? (Choose three).
    1. General information
    2. Lessons learned
    3. Objectives/deliverables
    4. Project sign-off
    5. Standards
    6. Ishikawa diagrams
28. What is a governance gate?
    1. A checkpoint between project phases where approval is obtained to move forward
    2. A checkpoint where quality is checked against a previously established criterion
    3. Checkpoints at the beginning and end of the project only
    4. After a project governor is appointed, unplanned interruptions from this project sponsor
29. A seller that has passed through a first phase of onboarding through evaluation using a standard criterion to determine a seller's ability to supply a good or service is known as what?
    1. Bidder's conference
    2. Prequalified vendor
    3. Terms of reference
    4. Statement of work
30. Jazzmyn just created a business to provide service desk support augmentation services. She is interested in her company having greater visibility with larger businesses and government agencies. The goal is to position her company so that they have a better chance of earning work. In her research, she should inquire to see if these companies have which of the following offerings?
    1. Prequalified vendor lists
    2. Terms of reference
    3. Conflict resolution parameters
    4. Scrum retrospective
31. The calculation of the rate of return for a given investment for a given time period is known as which of the following?
    1. Payback period
    2. Return on investment
    3. Time value of money
    4. Earned value
32. WigitCom is deliberating whether to go forward with a project to build a new mobile gaming line connected to a popular science fiction franchise. The executive team is concerned about the high cost of this project. What is the best tool the executive team can use to inform the team about the viability of this project?
    1. Earned value
    2. Cost performance index
    3. Present value
    4. Return on investment
33. What is the formula used...