Question 1

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 2

Which of the following statements is most accurate about the critical path?

Volume A

Options :

A : The critical path is always one path that shows the project duration

B : The critical path has no float.

C : The critical path is the longest path because it has the most activities

D : The critical path reveals which path has the most risk of failure

Answer: B

Question 3

Identify the term described in the statement given below? "The use of it should be reviewed along with an assessment of their effectiveness. This will aid the program management in determining if risks to the program are being effectively managed. It also provides feedback to the program management on any projects that need to be recovered or terminated."

Volume C

Options :

A : Budget

B : Planned Value

C : Contingency Reserve

D : Earned Value

Answer: C

Question 4

Program A is dependent upon program B to complete benefits sustainment for two benefits. Program A is on

track to meet program benefits. However, program B’s program manager has just advised that program B has

been closed.

What should program A’s program manager update and review first with the stakeholders?

Volume D

Options :

A : Benefits sustainment plan

B : Benefits register

C : Benefits management plan

D : Benefits transition plan

Answer: A

Question 5

You need to create a document that will define the costs, resources, and characteristics of each deliverable the program will create. What document should you create?

Volume B

Options :

A : Program work breakdown structure

B : Program work breakdown structure dictionary

C : Program charter

D : Program scope statement

Answer: B