Question 1

A component is scheduled to close at the end of the week

What should the program manager verify prior to allowing the component to close?

Volume D

Options :

A : The component has released resources to meet program objectives

B : The component has met the quality requirements to meet program objectives

C : The component has met the schedule requirements to meet program objectives

D : The component has met the benefits realization criteria to meet program objectives

Answer: B

Question 2

If a risk has a probability of 60 percent and an impact of -$57,000 what will the expected monetary value of the risk event be?

Volume C

Options :

A : -$34,200

B : -$57,000

C : -9,500

D : You will need to know the utility function of the organization to determine this

Answer: A

Question 3

What is the present value of a program that will be worth $3,567,000 if it lasts for six years and the rate of return is five percent?

Volume A

Options :

A : $1,550,850

B : $3,532,000

C : $2,502,750

D : $2,661,750

Answer: D

Question 4

You are the program manager for your organization. This program will last for two years and has eight projects. The cost of your program is $4 million and there are some risk concerns that may affect the overall cost of the program. Management is concerned with how long it will take the program to reach the management horizon. What is management horizon also known as?

Volume B

Options :

A : Payback period

B : Cost performance index

C : Cost-to-benefits ratio

D : Return on investment

Answer: A

Question 5

A program manager joins a team during its preparation phase.

What should the program manager do to obtain formal sponsor approval to begin the benefits delivery phase?

Volume D

Options :

A : Develop the program management plan based on the organization-s strategic plan

B : Write the program charter, including the program mission statement and stakeholder engagement plan

C : Define a high-level program roadmap of milestones and schedules supported by a preliminary estimate

D : Identify and document the anticipated program benefits in the benefits management plan

Answer: C