Hello everyone! How's your PMP exam preparation? Test now your exam preparation by answering this free PMP exam sample question of the week, and comment down below if you got the correct answer.
This document provides three sample questions from the Project Management Professional (PMP)® exam to help test exam readiness. The questions cover topics like opportunity cost, project phases, and creating a project charter. Each question is followed by an explanation of the correct answer. The document encourages testing knowledge further with a free 7-day trial of an online PMP exam simulator.
This document discusses strategies for implementing an effective Project Management Office (PMO). It recommends establishing a PMO through a formal program or project. Key steps include: 1) agreeing on the services the PMO will provide, 2) obtaining a complete view of all ongoing initiatives, 3) creating a portfolio delivery plan and tracking progress, 4) identifying dependencies between initiatives, 5) establishing clear governance structures, and 6) defining standard investment criteria. The overall goal is to implement a PMO that supports the organization in achieving strategic objectives through effective management of its portfolio of initiatives and projects.
The document provides information about project management qualifications from the Association for Project Management (APM) in the UK. It outlines three main qualifications - the Introductory Certificate (IC), the APMP, and the Practitioner Qualification (PQ). The IC offers a broad understanding of project management principles and is assessed via a multiple choice exam. The APMP demonstrates knowledge across all project management elements and is internationally recognized. The PQ assesses 30 competencies over a 3-day residential center. It also provides contact information for the PiCubed training company that delivers courses for these qualifications.
Stepping up to manage programmes and portfolios by Mr Harold PetersenNUS-ISS
This document discusses project, program, and portfolio management. It begins by noting high failure rates of IT projects according to recent studies. It then discusses project management silos and the benefits of aligning, controlling, and optimizing a portfolio of initiatives using P3O (Portfolio, Programme, Project Office) and MSP (Managing Successful Programmes) frameworks. The rest of the document provides an overview of these frameworks, including definitions and examples of how they can be applied to manage initiatives and deliver benefits. It emphasizes that P3O and MSP aim to improve governance, transparency, delivery support, reusability, and traceability across an organization's portfolio of projects and programs.
This presentation was given by Nick Jones, one of APM's membership development managers, on 22nd October 2014. The audience was made up of students from Robert Gordon University, local APM membership in Aberdeen and also newcomers who are interested in getting involved with APM.
Personally designed (content + graphics design), officially accredited P3O® Foundation courseware.
Portfolio, Programme and Project Offices (P3O®) is part of the AXELOS Global Best Practice Guidance.
Trademarks are properties of the holders, who are not affiliated with courseware author.
MoP - The brand new Portfolio Management Standard - be the first to find out about it. We are the first to offer consultancy, training and assessment based on this newest standard.
P3O (Portfolio, Programme and Project Offices) is a framework that provides principles, processes and techniques to help organizations successfully establish support structures to manage projects, programmes and portfolios. It offers models for portfolio, programme and project management offices, and defines roles and responsibilities. Implementing a P3O can provide benefits such as closer alignment of initiatives with strategic objectives, reduced costs from stopping non-beneficial initiatives, and fewer duplicative or conflicting projects. Maven Training is an accredited provider of P3O training and qualifications, with experienced trainers, high pass rates, and resources to help students effectively learn and apply the P3O framework.
This document provides three sample questions from the Project Management Professional (PMP)® exam to help test exam readiness. The questions cover topics like opportunity cost, project phases, and creating a project charter. Each question is followed by an explanation of the correct answer. The document encourages testing knowledge further with a free 7-day trial of an online PMP exam simulator.
This document discusses strategies for implementing an effective Project Management Office (PMO). It recommends establishing a PMO through a formal program or project. Key steps include: 1) agreeing on the services the PMO will provide, 2) obtaining a complete view of all ongoing initiatives, 3) creating a portfolio delivery plan and tracking progress, 4) identifying dependencies between initiatives, 5) establishing clear governance structures, and 6) defining standard investment criteria. The overall goal is to implement a PMO that supports the organization in achieving strategic objectives through effective management of its portfolio of initiatives and projects.
The document provides information about project management qualifications from the Association for Project Management (APM) in the UK. It outlines three main qualifications - the Introductory Certificate (IC), the APMP, and the Practitioner Qualification (PQ). The IC offers a broad understanding of project management principles and is assessed via a multiple choice exam. The APMP demonstrates knowledge across all project management elements and is internationally recognized. The PQ assesses 30 competencies over a 3-day residential center. It also provides contact information for the PiCubed training company that delivers courses for these qualifications.
Stepping up to manage programmes and portfolios by Mr Harold PetersenNUS-ISS
This document discusses project, program, and portfolio management. It begins by noting high failure rates of IT projects according to recent studies. It then discusses project management silos and the benefits of aligning, controlling, and optimizing a portfolio of initiatives using P3O (Portfolio, Programme, Project Office) and MSP (Managing Successful Programmes) frameworks. The rest of the document provides an overview of these frameworks, including definitions and examples of how they can be applied to manage initiatives and deliver benefits. It emphasizes that P3O and MSP aim to improve governance, transparency, delivery support, reusability, and traceability across an organization's portfolio of projects and programs.
This presentation was given by Nick Jones, one of APM's membership development managers, on 22nd October 2014. The audience was made up of students from Robert Gordon University, local APM membership in Aberdeen and also newcomers who are interested in getting involved with APM.
Personally designed (content + graphics design), officially accredited P3O® Foundation courseware.
Portfolio, Programme and Project Offices (P3O®) is part of the AXELOS Global Best Practice Guidance.
Trademarks are properties of the holders, who are not affiliated with courseware author.
MoP - The brand new Portfolio Management Standard - be the first to find out about it. We are the first to offer consultancy, training and assessment based on this newest standard.
P3O (Portfolio, Programme and Project Offices) is a framework that provides principles, processes and techniques to help organizations successfully establish support structures to manage projects, programmes and portfolios. It offers models for portfolio, programme and project management offices, and defines roles and responsibilities. Implementing a P3O can provide benefits such as closer alignment of initiatives with strategic objectives, reduced costs from stopping non-beneficial initiatives, and fewer duplicative or conflicting projects. Maven Training is an accredited provider of P3O training and qualifications, with experienced trainers, high pass rates, and resources to help students effectively learn and apply the P3O framework.
Itroduction to PMO مقدمة في مكاتب المحافظ والبرامج والمشاريع Mohamed Gouda
هذا الكورس هو كورس قصير لتعريف المهتمين بإدارة المشاريع بمكاتب المحافظ والبرامج والمشاريع PMO ووظائفها ومعرفة التنوع في أشكال ووظائف هذه المكاتب ، وتوفير الخطوة الأولى للمهتمين بدراسة هذا المجال وتعريفهم بأهم الشهادات الدولية التي تقدم في هذا المجال ، مع إلقاء الضوء علي شهادة P3O التي يقدمها معهد أكسليوس البريطاني .
The Bloomberg Aptitude Test (BAT) is a global online test that evaluates students' knowledge and aptitude in finance. It has 11 sections testing both finance knowledge and career skills through 155 multiple choice questions. Students can take the free 3-hour test on campus or at Bloomberg offices. Their scores and a profile are available for employers to consider for full-time jobs and internships through an anonymous talent search system. The BAT aims to help students discover their strengths, compare skills to peers, and promote themselves to employers worldwide.
Hello everyone! Test your CAPM exam preparation and answer this Free CAPM® Exam Sample Question of the week. For more of this free CAPM exam sample question visit https://free.pm-exam-simulator.com/free-capm-exam-simulator.
Get Project Management Courses at PM AcademyPM_Academy
Whether you new to project management or have many years experience, we have the course for you. We specialise in project management training across all methodologies in short course or longer qualifications. Browse our website for more details.
The document provides an overview of the requirements and processes for obtaining and maintaining the Project Management Professional (PMP) certification. It outlines the eligibility requirements, application process, examination policies and procedures, credential maintenance requirements, and use of the PMP credential. The timeline shows the typical steps from application to certification, which includes meeting eligibility standards, applying online, scheduling and passing the examination, and earning continuing education credits to maintain certification.
This document provides information about project management certification programs, with a focus on the Project Management Professional (PMP) certification from the Project Management Institute (PMI). It describes the requirements to earn the PMP certification, including work experience, education hours, agreeing to the PMI code of ethics, and passing a 200 question multiple choice exam. The exam covers all five process groups of initiating, planning, executing, monitoring/controlling, and closing. It also provides tips for preparing for and taking the PMP exam, such as understanding your learning style, using study resources, and practicing with sample exam questions.
This is the updated version of my PMP certification for 2020.
Jamil introduce a full PMP online course with discount 20% for a limited period.
https://www.udemy.com/ma_jf_pmp/?couponCode=Discount_20%25
Arthur Guilaine is a highly motivated professional with a MSc in International Management from King's College London and a Bachelor's Degree in Management & Economics from Novancia Business School in France. He has over 3 years of work experience in management consulting and business analysis roles. His most recent role was as a Business Analyst at REPL Group where he managed projects for Marks & Spencer's digital stores.
Vinsys IT Services is an ISO-certified organization that provides project management training and consultancy services. It aims to help organizations and professionals succeed through innovative and precise approaches. Its services include training programs on project management best practices and tools, as well as consultancy for setting up project management processes and offices. Vinsys trains clients on international standards and helps develop scientific and practical project management skills and knowledge.
SPJIMR offers several project management certification programs including a Post Graduate Certification in Advanced Project Management, a PMP certification exam preparatory program, and an Agile Project Management preparatory course for the PMI-ACP certification. These programs provide professionals with the skills and qualifications needed to efficiently initiate, execute, and monitor projects in today's dynamic business environment. SPJIMR customizes the training to different industry sectors and works with international institutes to incorporate best practices and make the programs globally relevant.
This document contains a sample question from the PMP exam about opportunity cost. The question asks about the opportunity cost if a company selects Project Alpha, which is expected to earn $50 million, over Project Beta, which is expected to earn $45 million. The correct answer is C, which is $45 million, as that represents the value of the alternative project not chosen. The document provides additional context that opportunity cost refers to the value of the alternative option forgone.
Sam, a star programmer, was promoted to lead an agile development team but his performance in the new role was not meeting expectations. This scenario tests knowledge of the halo effect, also known as the Peter principle, which states that employees in a hierarchy tend to rise to their level of incompetence. While Sam had been a great coder, leading a team required different skills that he may have not been capable of, having risen to his level of incompetence due to the promotion. The exam questions cover topics beyond just the PMBOK guide using theories of organizational behavior, common project management practices, and the exam's own content outline.
Hello everyone! Test your PMP exam preparation and answer this Free PMP® Exam Sample Question of the week. For more of this free PMP exam sample question visit: https://free.pm-exam-simulator.com/free-pmp-exam-simulator
This presentation provides an overview of Project Management Professional (PMP) certification and the Project Management Body of Knowledge (PMBOK) framework. It discusses the PMP certification process, requirements to take the exam, and how the exam is structured. It also maps out the PMBOK's process groups and knowledge areas, and provides examples of challenges non-profit project leaders may face and how PMP tools and techniques could help address them. The presentation aims to help non-profit project managers understand and apply project management best practices to successfully complete their missions.
The document provides information on the Project Management Professional (PMP)® certification examination, including the exam content outline. It details the three domains that make up the exam - People (42% of exam), Process (50% of exam), and Business Environment (8% of exam). For each domain, it lists the tasks and provides examples of the types of work associated with each task to help demonstrate what the task encompasses. The exam will include questions related to all the tasks across the three domains.
Hello everyone! Test your CAPM exam preparation and answer this Free CAPM® Exam Sample Question of the week. For more of this free CAPM exam sample question visit https://free.pm-exam-simulator.com/free-capm-exam-simulator.
The Project Management Professional (PMP) - Is it For You?Carla Fair-Wright
The Project Management Institute (PMI) is the global professional association for project managers. It offers the PMP®, or Project Management Professional certification indicates a thorough and deep knowledge of project management. What are the requirements and how do you complete the application with ease
This document provides 50 secrets and tips for passing the Project Management Professional (PMP) certification exam. It begins by noting that the PMP certification is in high demand but difficult to pass, with around 40% failing on the first attempt. The document then lists various must-know tips related to sections of the PMBOK Guide, key terms, formulas, and more. It is organized by the 10 PMBOK Guide Knowledge Areas and provides secrets for each area. The goal is to help both first-time and repeat exam takers to effectively prepare and pass the challenging PMP exam.
Itroduction to PMO مقدمة في مكاتب المحافظ والبرامج والمشاريع Mohamed Gouda
هذا الكورس هو كورس قصير لتعريف المهتمين بإدارة المشاريع بمكاتب المحافظ والبرامج والمشاريع PMO ووظائفها ومعرفة التنوع في أشكال ووظائف هذه المكاتب ، وتوفير الخطوة الأولى للمهتمين بدراسة هذا المجال وتعريفهم بأهم الشهادات الدولية التي تقدم في هذا المجال ، مع إلقاء الضوء علي شهادة P3O التي يقدمها معهد أكسليوس البريطاني .
The Bloomberg Aptitude Test (BAT) is a global online test that evaluates students' knowledge and aptitude in finance. It has 11 sections testing both finance knowledge and career skills through 155 multiple choice questions. Students can take the free 3-hour test on campus or at Bloomberg offices. Their scores and a profile are available for employers to consider for full-time jobs and internships through an anonymous talent search system. The BAT aims to help students discover their strengths, compare skills to peers, and promote themselves to employers worldwide.
Hello everyone! Test your CAPM exam preparation and answer this Free CAPM® Exam Sample Question of the week. For more of this free CAPM exam sample question visit https://free.pm-exam-simulator.com/free-capm-exam-simulator.
Get Project Management Courses at PM AcademyPM_Academy
Whether you new to project management or have many years experience, we have the course for you. We specialise in project management training across all methodologies in short course or longer qualifications. Browse our website for more details.
The document provides an overview of the requirements and processes for obtaining and maintaining the Project Management Professional (PMP) certification. It outlines the eligibility requirements, application process, examination policies and procedures, credential maintenance requirements, and use of the PMP credential. The timeline shows the typical steps from application to certification, which includes meeting eligibility standards, applying online, scheduling and passing the examination, and earning continuing education credits to maintain certification.
This document provides information about project management certification programs, with a focus on the Project Management Professional (PMP) certification from the Project Management Institute (PMI). It describes the requirements to earn the PMP certification, including work experience, education hours, agreeing to the PMI code of ethics, and passing a 200 question multiple choice exam. The exam covers all five process groups of initiating, planning, executing, monitoring/controlling, and closing. It also provides tips for preparing for and taking the PMP exam, such as understanding your learning style, using study resources, and practicing with sample exam questions.
This is the updated version of my PMP certification for 2020.
Jamil introduce a full PMP online course with discount 20% for a limited period.
https://www.udemy.com/ma_jf_pmp/?couponCode=Discount_20%25
Arthur Guilaine is a highly motivated professional with a MSc in International Management from King's College London and a Bachelor's Degree in Management & Economics from Novancia Business School in France. He has over 3 years of work experience in management consulting and business analysis roles. His most recent role was as a Business Analyst at REPL Group where he managed projects for Marks & Spencer's digital stores.
Vinsys IT Services is an ISO-certified organization that provides project management training and consultancy services. It aims to help organizations and professionals succeed through innovative and precise approaches. Its services include training programs on project management best practices and tools, as well as consultancy for setting up project management processes and offices. Vinsys trains clients on international standards and helps develop scientific and practical project management skills and knowledge.
SPJIMR offers several project management certification programs including a Post Graduate Certification in Advanced Project Management, a PMP certification exam preparatory program, and an Agile Project Management preparatory course for the PMI-ACP certification. These programs provide professionals with the skills and qualifications needed to efficiently initiate, execute, and monitor projects in today's dynamic business environment. SPJIMR customizes the training to different industry sectors and works with international institutes to incorporate best practices and make the programs globally relevant.
This document contains a sample question from the PMP exam about opportunity cost. The question asks about the opportunity cost if a company selects Project Alpha, which is expected to earn $50 million, over Project Beta, which is expected to earn $45 million. The correct answer is C, which is $45 million, as that represents the value of the alternative project not chosen. The document provides additional context that opportunity cost refers to the value of the alternative option forgone.
Sam, a star programmer, was promoted to lead an agile development team but his performance in the new role was not meeting expectations. This scenario tests knowledge of the halo effect, also known as the Peter principle, which states that employees in a hierarchy tend to rise to their level of incompetence. While Sam had been a great coder, leading a team required different skills that he may have not been capable of, having risen to his level of incompetence due to the promotion. The exam questions cover topics beyond just the PMBOK guide using theories of organizational behavior, common project management practices, and the exam's own content outline.
Hello everyone! Test your PMP exam preparation and answer this Free PMP® Exam Sample Question of the week. For more of this free PMP exam sample question visit: https://free.pm-exam-simulator.com/free-pmp-exam-simulator
This presentation provides an overview of Project Management Professional (PMP) certification and the Project Management Body of Knowledge (PMBOK) framework. It discusses the PMP certification process, requirements to take the exam, and how the exam is structured. It also maps out the PMBOK's process groups and knowledge areas, and provides examples of challenges non-profit project leaders may face and how PMP tools and techniques could help address them. The presentation aims to help non-profit project managers understand and apply project management best practices to successfully complete their missions.
The document provides information on the Project Management Professional (PMP)® certification examination, including the exam content outline. It details the three domains that make up the exam - People (42% of exam), Process (50% of exam), and Business Environment (8% of exam). For each domain, it lists the tasks and provides examples of the types of work associated with each task to help demonstrate what the task encompasses. The exam will include questions related to all the tasks across the three domains.
Hello everyone! Test your CAPM exam preparation and answer this Free CAPM® Exam Sample Question of the week. For more of this free CAPM exam sample question visit https://free.pm-exam-simulator.com/free-capm-exam-simulator.
The Project Management Professional (PMP) - Is it For You?Carla Fair-Wright
The Project Management Institute (PMI) is the global professional association for project managers. It offers the PMP®, or Project Management Professional certification indicates a thorough and deep knowledge of project management. What are the requirements and how do you complete the application with ease
This document provides 50 secrets and tips for passing the Project Management Professional (PMP) certification exam. It begins by noting that the PMP certification is in high demand but difficult to pass, with around 40% failing on the first attempt. The document then lists various must-know tips related to sections of the PMBOK Guide, key terms, formulas, and more. It is organized by the 10 PMBOK Guide Knowledge Areas and provides secrets for each area. The goal is to help both first-time and repeat exam takers to effectively prepare and pass the challenging PMP exam.
This document provides 50 secrets to help readers prepare to pass the Project Management Professional (PMP) certification exam. It begins with an overview of the challenges of the PMP exam, noting that as many as 40% of test takers fail on the first attempt. The secrets are then organized by the 10 knowledge areas covered in the PMP Body of Knowledge. They include tips on important pages to study, terms to memorize, concepts to understand, and techniques that could appear on the exam. The document recommends additional preparation through a dedicated review course that can help readers apply the secrets to successfully earn their PMP certification on the first attempt.
The document is the Project Management Professional (PMP)® Examination Content Outline published by the Project Management Institute (PMI). It outlines the domains, tasks, knowledge areas and skills assessed on the PMP certification exam. The exam focuses on five domains: initiating, planning, executing, monitoring/controlling and closing. It provides the percentage of exam questions in each domain and lists the tasks, knowledge and skills assessed within each domain. The outline is based on a role delineation study to ensure the exam validity measures the skills needed for project management practitioners.
Hello everyone! Test your CAPM exam preparation and answer this Free CAPM® Exam Sample Question of the week. For more of this free CAPM exam sample question visit: https://free.pm-exam-simulator.com/free-capm-exam-simulator.
The document provides an overview of 15 different question types that may appear on the PMI Project Management Professional (PMP) certification exam, along with examples and tips for answering each type. It discusses questions that are based on inputs, tools and techniques, and outputs (ITTOs); definitions; situations; excessively wordy phrasing; formulas; interpretation; specific techniques; those with multiple right answers; those with extraneous information; those using made-up terms; those requiring understanding; those with a new approach; those with multiple items per option; those based on PMBOK Guide knowledge; and negative questions. The document aims to help exam takers understand the various question formats and how to approach each effectively.
Session 6 Everything You Should Know About PMP & CAPM CertificationsSeshne Govender
This series will help Project Management Professionals to learn more about the scope of the certifications and shed more light on the intricacies surrounding the PMP® and CAPM® certifications.
Learn more about PMP® and CAPM® and the positive impact they may have on your professional career. Both PMP® and CAPM® from PMI could help you achieve that elusive promotion or get you that golden ticket to joining your dream organization.
Registration Link: https://bit.ly/42iE5rJ
The document provides information about the Project Management Professional (PMP)® examination, including:
1) It describes the process used to develop the PMP examination content outline, which is based on a role delineation study to ensure the exam validly measures the knowledge and skills required of project managers.
2) It provides the exam content outline, dividing the exam into five domains and indicating the percentage of exam questions that will come from each domain.
3) It lists the domains, tasks, and knowledge and skills statements that define the roles and competencies measured by the exam.
Project Management Professional (PMP®) based on PMBOK5 is the most important industry-recognized certification for project managers. Professionals possessing certification gain credibility with the customers for possessing a solid foundation of Project management knowledge, which can be productively applied in the workplace and guarantees successful project delivery.
This document provides sample questions to help prepare for the PMP certification exam. It begins with introductory information about the PMP exam and legal disclaimers. It then presents several multiple choice practice questions related to project scope, presenting project updates to executives, communicating with customers, total cost of ownership, and measuring cost performance. Each question is followed by an explanation of the correct answer. The document aims to showcase free sample questions to guide study for the PMP exam.
Here is our free CAPM exam sample question from the PM Exam Simulator.
*Stop by at free.pm-exam-simulator.com/ and try the PM Exam Simulator free for 7 days.
Originally presented at XP2024 Bolzano
While agile has entered the post-mainstream age, possibly losing its mojo along the way, the rise of remote working is dealing a more severe blow than its industrialization.
In this talk we'll have a look to the cumulative effect of the constraints of a remote working environment and of the common countermeasures.
Colby Hobson: Residential Construction Leader Building a Solid Reputation Thr...dsnow9802
Colby Hobson stands out as a dynamic leader in the residential construction industry. With a solid reputation built on his exceptional communication and presentation skills, Colby has proven himself to be an excellent team player, fostering a collaborative and efficient work environment.
A presentation on mastering key management concepts across projects, products, programs, and portfolios. Whether you're an aspiring manager or looking to enhance your skills, this session will provide you with the knowledge and tools to succeed in various management roles. Learn about the distinct lifecycles, methodologies, and essential skillsets needed to thrive in today's dynamic business environment.
Integrity in leadership builds trust by ensuring consistency between words an...Ram V Chary
Integrity in leadership builds trust by ensuring consistency between words and actions, making leaders reliable and credible. It also ensures ethical decision-making, which fosters a positive organizational culture and promotes long-term success. #RamVChary
Sethurathnam Ravi: A Legacy in Finance and LeadershipAnjana Josie
Sethurathnam Ravi, also known as S Ravi, is a distinguished Chartered Accountant and former Chairman of the Bombay Stock Exchange (BSE). As the Founder and Managing Partner of Ravi Rajan & Co. LLP, he has made significant contributions to the fields of finance, banking, and corporate governance. His extensive career includes directorships in over 45 major organizations, including LIC, BHEL, and ONGC. With a passion for financial consulting and social issues, S Ravi continues to influence the industry and inspire future leaders.
Make it or Break it - Insights for achieving Product-market fit .pdfResonate Digital
This presentation was used in talks in various startup and SMB events, focusing on achieving product-market fit by prioritizing customer needs over your solution. It stresses the importance of engaging with your target audience directly. It also provides techniques for interviewing customers, leveraging Jobs To Be Done for insights, and refining product positioning and features to drive customer adoption.
Impact of Effective Performance Appraisal Systems on Employee Motivation and ...Dr. Nazrul Islam
Healthy economic development requires properly managing the banking industry of any
country. Along with state-owned banks, private banks play a critical role in the country's economy.
Managers in all types of banks now confront the same challenge: how to get the utmost output from
their employees. Therefore, Performance appraisal appears to be inevitable since it set the
standard for comparing actual performance to established objectives and recommending practical
solutions that help the organization achieve sustainable growth. Therefore, the purpose of this
research is to determine the effect of performance appraisal on employee motivation and retention.
Public Speaking Tips to Help You Be A Strong Leader.pdfPinta Partners
In the realm of effective leadership, a multitude of skills come into play, but one stands out as both crucial and challenging: public speaking.
Public speaking transcends mere eloquence; it serves as the medium through which leaders articulate their vision, inspire action, and foster engagement. For leaders, refining public speaking skills is essential, elevating their ability to influence, persuade, and lead with resolute conviction. Here are some key tips to consider: https://joellandau.com/the-public-speaking-tips-to-help-you-be-a-stronger-leader/
Employment PracticesRegulation and Multinational CorporationsRoopaTemkar
Employment PracticesRegulation and Multinational Corporations
Strategic decision making within MNCs constrained or determined by the implementation of laws and codes of practice and by pressure from political actors. Managers in MNCs have to make choices that are shaped by gvmt. intervention and the local economy.
1. PMP Exam
Sample Q & A
PMI®, PMP®, CAPM®, and PMBOK® Guide are trademarks of
the Project Management Institute, Inc.PMI® has not endorsed
and did not participate in the development of our products.
OSP International LLC has been reviewed and approved by the
PMI® Authorized Training Partner Program.Copyright 2020
OSP International LLC. All Rights Reserved.
2. A company is considering two projects, Alpha and Beta. Project Alpha is expected
to result in a $50 million net profit, while project Beta and is expected to net $45
million. Both projects could be very lucrative and rewarding. However, the financial
controller has stated that the company can only invest in one of these projects.
If project Alpha is selected, what will be the opportunity cost?
A. $95 million
B. $50 million
C. $45 million
D. $5 million
HINT: Opportunity cost is defined as the value of the alternative that is not chosen.
QUESTION:
3. The correct answer is C.
Opportunity cost is regarded as the value of the alternative that
is not chosen. If the decision is made to select project Alpha and
forego the $45 million in potential profit from project Beta, the
opportunity cost of this decision is $45 million, the value of
project Beta
ANSWER:
4. The topic of this question is not covered in the A Guide to the
Project Management Body of Knowledge (PMBOK® Guide).
However, the Project Management Professional (PMP)®
Examination Content Outline (ECO) indicates that while there
are some commonalities between the PMBOK® Guide and the
ECO, the exam is not bound by the PMBOK® Guide. The list of
enablers specified in the tasks of the ECO domains is not
exhaustive either.
ANSWER:
5. The ECO assumes that prospective PMP aspirants are familiar
with other sources of information/preparation, including but not
limited to PMI Code of Ethics and Professional Conduct, PMI’s
Practice Standards (e.g., Scheduling, Earned Value
Management, etc.); organizational behavior theories such as
Tuckman’s Ladder, Theory X and Theory Y, Maslow's hierarchy of
needs; commonly frowned upon project management
practices, such as gold plating; and others.
ANSWER:
6. We intentionally have these questions in our simulator so that
you would be better prepared for the real exam. PMP aspirants
are encouraged to explore additional sources of information
and/or to be familiar with them from their project management
experience.
ANSWER:
7. All our questions are updated to the latest A Guide to the Project Management Body of Knowledge
(PMBOK® Guide) standard.
Stop by at free.pm-exam-simulator.com/ and try the PM Exam Simulator free for 7 days.
OSP International LLC has been reviewed and approved by the PMI® Authorized Training Partner
Program.