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>> L6M5 100% Correct Answers <<
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NEW QUESTION # 57
Skipped
Bruce is an entrepreneur who runs a small candle-making business that employs 10 people. He has recently completed a project outlining how he wishes to expand the business into making soaps. The project was a success, and Bruce is now feeding back to his team on what went well and what didn't go well with the project. What type of knowledge is Bruce sharing?
Answer: B
Explanation:
Tacit knowledge is the correct answer. Of the options listed, only explicit and tacit are types of knowledge, so you can discount options C and D. The study guide states on p. 147: "Many of the lessons learned by project managers fall under the category of tacit knowledge." Domain: 2.4
NEW QUESTION # 58
Which project management methodology outlines a process for closing a project?
Answer Options:
Answer: B
Explanation:
Prince2 has a defined "Closing a Project" phase (p.136).
Monte Carlo (A) relates to risk analysis.
Critical Path (B) maps dependencies but does not specify closure.
MRP (C) is used for inventory planning. [P.136]
NEW QUESTION # 59
Skipped
An End-Of-Project Review may include the hiring of an external consultant to audit a project. This is particularly true in the Public Sector and for high-value/high-risk projects. The Auditor is likely to review the project's performance against what?
Answer: C
Explanation:
The audit will compare the results of the project with the project plan (i.e., what the project set out to achieve vs. what it actually achieved). This is from p. 142.
Domain: 2.4
NEW QUESTION # 60
Which of the following is true about Engineering, Procurement, and Construction (EPC) Contracts? (Select all that apply.) EPC contracts, commonly referred to as Turnkey Projects, are widely used in construction and infrastructure projects. These contracts require the contractor to design, procure materials, and construct the project to deliver a complete and operational facility to the client.
Answer Options:
Answer: A,B,D
Explanation:
The correct answers are 1, 3, and 4 (p.8). Option 2 is incorrect as it describes a DBO (Design-Build-Operate) contract rather than an EPC contract. Option 5 is incorrect because it describes a PPP (Public-Private Partnership) contract, not an EPC contract. [P.8]
NEW QUESTION # 61
Glitter Kitten Ltd is considering two expansion options. The CEO wants a quick analysis and uses the Payback Method.
Q: What financial metric is the leadership team using for expansion?
Answer Options:
Answer: C
Explanation:
Net Present Value (NPV) calculations require a discount rate (p.1.4).
Bank rate (B) relates to loans, not investment decisions.
Interest rate (C) applies to borrowing, not profitability.
Return rate (D) is not the main NPV metric. [P.1.4]
NEW QUESTION # 62
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