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The Program Management Professional (PgMP) certification is offered by the Project Management Institute (PMI) and is designed for professionals who are responsible for managing multiple projects and programs within an organization. The PgMP certification is recognized globally and demonstrates a high level of expertise in program management.
NEW QUESTION # 68
In a transformational program, all projects are on track and delivering their objectives. However, stakeholders are hesitant to take on the new processes because performance in the current environment may not be representative of actual performance. Stakeholders fear that the program will fail to provide the service required.
To assure positive performance in the current environment, the program manager should do which of the following?
- A. Meet with stakeholders to ensure they understand that the expectations for the new processes are superior to the current processes.
- B. Discuss concerns with stakeholders and mitigate them by changing the processes that will be delivered.
- C. Ensure the new processes will perform better than the current processes.
- D. Ask the program steering committee to endorse the new processes and current program schedule and deliverables.
Answer: B
NEW QUESTION # 69
Eric is the project manager of the NQQ Project and has hired the ZAS Corporation to complete part of the project work for Eric's organization. Due to a change request the ZAS Corporation is no longer needed on the project even though they have completed nearly all of the project work. Is Eric's organization liable to pay the ZAS Corporation for the work they have completed so far on the project?
- A. No, the ZAS Corporation did not complete all of the work.
- B. Yes, the ZAS Corporation did not choose to terminate the contract work.
- C. It depends on what the termination clause of the contract stipulates.
- D. It depends on what the outcome of a lawsuit will determine.
Answer: C
NEW QUESTION # 70
You are the project manager for the JJY Project, which is similar to the HHG Project you managed last quarter.
You would like to model the current project scope on the previous project to save time and effort. This is an example of what kind of scope definition?
- A. Parametric scope definition
- B. Template driven
- C. Analogous estimating
- D. Organizational process assets
Answer: B
Explanation:
Section: Volume B
NEW QUESTION # 71
You are the program manager for your organization. Management would like to consider the present value for your program. If your program is predicted to be worth $450,000 in two years what is the present value of the program if the interest rate is six percent?
- A. $400,498
- B. $505,620
- C. $521,345
- D. $385,450
Answer: A
NEW QUESTION # 72
Julie is the project manager of the NHQ Project. She and her project team have successfully finished the project and the customers have signed the project closure agreement. Julie has compiled all of the project records and the project's lessons learned documentation. What should Julie do with the project's lessons learned documentation?
- A. These are transferred to the lessons learned knowledge base.
- B. These are for Julie's reference when she is reviewed by the project sponsor.
- C. These are given to the project steering committee so they may review the project performance.
- D. These are given to the project sponsor so he can review the project.
Answer: A
NEW QUESTION # 73
At what point in the project is the risk of failing to achieve the project objectives the greatest?
- A. At the end of the project
- B. At the project start
- C. During the project execution
- D. During project planning
Answer: B
NEW QUESTION # 74
You are the program manager for your program and are creating a communications management plan.
Management wants you to address the type of communications based on the number of communication channels you'll have within the program. Currently there are 345 stakeholders in your program but next week you'll have 387 stakeholders. How many more communication channels will you have next week in your program?
- A. 59,340
- B. 0
- C. 15,351
- D. 74,691
Answer: C
NEW QUESTION # 75
You are working with Sam, a project manager on one of the projects within your program. Sam doesn't understand all of the rules and procedures that he's required to do as a project manager in your program. What are the rules and procedures called in project that Sam must abide by?
- A. Program governance
- B. Enterprise environmental factors
- C. Project governance
- D. Process procedures
Answer: B
NEW QUESTION # 76
You are a program manager for your organization. You have proposed a program to the management that will last four years and will cost $35 million to create. Management has asked to see the program charter and the proposed costs and benefits of the program.
Management agrees to your program charter and proposed to fund the program in increments at the completion of each milestone. What type of funding does management proposed for this program?
- A. Tentative
- B. Step funding
- C. Phase gate estimating
- D. Milestone approval
Answer: B
NEW QUESTION # 77
If a program has a budget of completion of $550,000, is 25 percent complete, and has spent $135,000 what is the cost variance (CV)?
- A. .99
- B. -$2,500
- C. 1.02
- D. $2,500
Answer: D
Explanation:
Section: Volume B
NEW QUESTION # 78
You are the program manager of the HNG Program. This program has a budget at completion of $2,345,900 and is expected to last two years. The program is currently 30 percent complete and you have spent $789,000.
The program is supposed to be 35 percent complete but do to some delays you're slightly behind schedule.
Based on this information, how many pennies is the program losing per dollar invested in the program work?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: B
Explanation:
Section: Volume A
NEW QUESTION # 79
You are a Project Manager managing the building of a housing development. As the plumbing is being installed, you cannot find a building permit. As the Project Manager, to whom do you report this violation?
- A. The local county authority
- B. The state authority
- C. The local city authority
- D. The construction company
Answer: C
NEW QUESTION # 80
Your company and a competing company have created a teaming agreement for an opportunity. Through this team agreement you and your competitor can complete a major program for a client. This is, technically, a risk response for both organizations. What type of risk response are you dealing with in this instance?
- A. Accepting
- B. Sharing
- C. Exploiting
- D. Teaming
Answer: B
Explanation:
Section: Volume A
NEW QUESTION # 81
You are the program manager for your organization and you are dealing with your program stakeholders. You are explaining to them, along with your program team, how certain activities in the program may cause delays in the schedule if the associated risk events come into play. The cost of impact of the risk events are minimal, but the schedule impacts could be bigger. The stakeholders are concerned about delaying the schedule beyond a given due date for the program. They would like you to determine if it is possible to add more labor, use a higher grade of material, or hire some consultants to ensure the risks do not occur in the program. They are not much concerned about the cost of the solution as long as the solution or identified risks do not delay the program completion. What type of risk response are your program stakeholders recommending in this situation?
- A. Mitigation
- B. Workaround
- C. Transference
- D. Avoidance
Answer: A
NEW QUESTION # 82
You are the program manager for your organization. You are examining the order of the activities in your program schedule and would like to change some of the ordering to alleviate scheduling conflicts, risks, and based on your experience with the discipline the program uses. Some of the activities you can rearrange while some of the activities must be completed in a particular order. What term describes the activities that can happen in any order?
- A. Finish on constraints
- B. Benefits management dependencies
- C. Mandatory dependencies
- D. Discretionary dependencies
Answer: C
NEW QUESTION # 83
Which of the following contract types is described in the statement below?
"The seller is reimbursed for all allowable costs for performing the contract work, and receives a fixed payment calculated as a percentage for the initial estimated project costs."
- A. Cost Plus Fixed Fee Contracts (CPFF)
- B. Firm Fixed Price Contracts (FFP)
- C. Cost Plus Incentive Fee Contracts (CPIF)
- D. Fixed Price Incentive Fee Contracts (FPIF)
Answer: A
NEW QUESTION # 84
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. Mitigation
- B. Workaround
- C. Avoidance
- D. Enhancing
Answer: A
Explanation:
Section: Volume B
NEW QUESTION # 85
Mary has just completed a large program for her organization. What should Mary now do with the program records that she has created throughout the program?
- A. The program records should be archived with the program customer.
- B. The program records should be archived as part of organizational process assets.
- C. The program records should be archived with the program sponsor.
- D. The program records should be archived as part of enterprise environmental factors.
Answer: B
NEW QUESTION # 86
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