TAILIEUCHUNG - Project Management Professional-Chapter 11b (Answer key)

Chapter 11b: Answer key about SCOPE MANAGEMENT 1. Answer: b Scope definition is defined by PMI as ‘‘decomposing the major deliverables into smaller, more manageable components to provide better control.’’ 2. Answer: a The chart of accounts is the system used to monitor project costs as defined by PMI. 3. Answer: c A stakeholder is an individual or organization that is involved in or may be affected by project activities. 4. Answer: c The actual payback period is between two years and three years. It is the point where the net or cumulative cash flows equal zero. This occurs between year. | PRACTICE QUESTIONS ANSWER KEY This Page Intentionally Left Blank SCOPE MANAGEMENT 1. Answer b Scope definition is defined by PMI as decomposing the major deliverables into smaller more manageable components to provide better control. 2. Answer a The chartofaccounts isthesystemused tomonitorproject costeasdefined by PMI. 3. Answer c A stakeholder is an individual or organization that is involved in or may be affected by project activities. 4. Answer c The acSunlpayCtct neticdic between two years and three years. It is the point where the net or cumulative cash flows equal zero. This occurs between year 2 and3 endis2 and 29 30 of a year from the first cash flow. Cumulative cash flow in years are 1 - 500 000 2 -290 000 3 10 000. 5. The net cwstt flnwisthe totalofcflthecash flowsfi and out ofthe company caused by the project. In this example 850 000 in and 900 000 out for a nega-tivei0 000. 6 Answerb Calculctingthooet present value of the cash flows for the project involves adjusting the future cash flows to allow for diminishing value due to the time thatwemustwait to get them. Money received today is more valuable to us than money that is received in the future. 7 Answerc From CbeGuda to ths 7Hi if20a0 Urcgtnm. A group of related projects managed in a coordinated way. Programs usually include an element of ongoing activity. .

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