Question 4 (4 points)

You are a mentor for a junior project manager. The junior project manager is tasked with planning a new project and comes to you for advice. He/she mentions that according to him/her, Quality should be given highest priority among cost, schedule and quality; however, the Governance Board is insisting that cost reduction should be prioritized above all. What would be your advice?

Question 4 options:

1)	Convince Project Governance Board that Quality should be given utmost importance

2)	The three constraints will almost always compete with each other and priority will be determined by individual project and situation. Ask the Project Governance Board for the rationale behind containing cost on a priority basis and make them aware about the impact it will have on quality

3)	Do as what the Project Governance Board says as they are the ones who will approve plans and provide the budget

4)	He should work out an alternative approach to reduce cost without compromising on quality

Question 5 (4 points)

What is the significance of a Project Charter?

Question 5 options:

1)	It formally authorizes existence of the project, creates a formal record of the project and shows organizational commitment to the project

2)	It provides the Project manager with the authority to apply organizational resources to the project

3)	It provides a direct link between the project and the strategic objectives of the organization

4)	All of the above

Question 6 (4 points)

How is the PMBOK organized?

Question 6 options:

1)	By Project management process groups

2)	By Knowledge Areas

3)	49 Project management processes spread across 5 Project management process groups and 10 Knowledge areas

4)	By generally accepted good practices