Which component of a business case assesses the financial viability of a project?
Assessment of risk exposure.
Economic feasibility study.
Expected key performance measures.
A project team consists of five team members, each contributing only 25% of their time. If task-switching leads to a productivity loss of between 20% and 40% of their dedicated time, what is the total productivity loss across all five team members?
25% to 50%
20% to 40%
10% to 20%
5% to 10%
How does the product owner rank (prioritize) the work in an agile project?
Based on the team's availability.
Based on the effort required.
Based on the business value.
Based on the project schedule.
A project manager is managing a new project to the organization.
Which of the following leadership style is most likely to be used in this scenario?
In stakeholder engagement prioritization, which factor should the project manager consider the most important?
Stakeholders with the highest level of power and interest.
Stakeholders with the lowest level of power and interest.
Stakeholders with the highest level of power and the lowest level interest.
Stakeholders with the highest level of interest and involvement.
A project manager is working on a project and the project sponsor wants to ensure that the project delivers the intended outcomes. What should the project manager do?
Focus solely on delivering the project's specific deliverables.
Communicate with stakeholders to understand the vision and purpose of the project.
Complete the project as per the defined scope and requirements.
Complete the project as per the defined scope.
Which of the following processes is focused on reviewing requirements for errors and quality, either before or after validation, to ensure that only "good" requirements are verified?
What is the primary purpose of an iteration review?
To refine and prioritize the backlog.
To discuss and evaluate procurement needs.
To review and decide on changes.
To showcase the work completed during the iteration.
A project manager notices that some items in the product backlog are vague and lack details. Which meeting would be most appropriate to address these issues?
When should project team members ideally identify risks to effectively manage the impacts of threats and opportunities?
Only at the beginning of the project during the planning phase.
Only when the risks become apparent or unavoidable.
Proactively throughout the project's duration.
Only at the end of the project during the closing phase.
In agile project management, on what basis are the requirements or backlog items typically prioritized?
Based on business value.
Based on date of submission.
Based on alphabetical order of the items.
Based on complexity of implementation.
A project manager is estimating costs for a new project. They decide to use historical data from a similar activity or project to make their estimates.
Which of the following techniques is the project manager using?
Story point estimating
A business analyst is facilitating discussions with stakeholders to negotiate and confirm which requirements should be incorporated within an iteration, release, or project.
Which process does this typically represent?
Establish Relationships and Dependencies.
Determine Traceability and Monitoring Approach.
Select and Approve Requirements.
Manage Changes to Requirements and Other Product Information.
A project manager notices a software engineer has added a new feature without prior approval, believing it will enhance the product. This is an example of:
Proactive risk mitigation.
Approved scope alteration.
A project has an Earned Value (EV) of $130,000 and Actual Cost (AC) of $120,000. What is the Cost Variance (CV)?
Cannot be determined from the given information.
What is the primary goal of a kickoff meeting?
To showcase the work done in the last iteration.
To set expectations and establish a shared understanding at the start of a project or phase.
To review and decide on proposed changes.
To discuss and prioritize the backlog.