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NEW QUESTION: 1
In which of the following process groups is the project manager responsible for authorizing and applying organization resources to the subsequent project activities?
A. Executing
B. Initiating
C. Planning
D. Monitoring and controlling
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Answer option B is correct.
In the initiating process group, the project manager is responsible for authorizing and applying organization resources to the subsequent project activities.
The Initiation Process Group contains processes to define a new project or a new phase of an existing project by obtaining authorization to start the project of phase. The Initiation Process group contains two processes:
Develop Project Charter

Identify Stakeholder

These processes define initial scope and initial financial resources. In this phase of the project, internal and external stakeholders who will interact and influence the overall outcome of the project are identified.
Project Charter and stakeholder register are created in this phase. Although the project management team may help write the project charter, approval and funding are handled external to the project boundaries.
Answer option C is incorrect. The planning process group is the second process group or stage of a project. After the Initiating stage, the system is designed. Occasionally, a small prototype of the final product is built and tested. Testing is generally performed by a combination of testers and end users, and can occur after the prototype is built or concurrently. The results of the design stage should include a product design that:
satisfies the project sponsor, end user, and business requirements

functions as it was intended

can be produced within quality standards

can be produced within time and budget constraints

Controls should be in place that ensures that the final product will meet the specifications of the project charter.
Answer option D is incorrect. The executing process group is a stage or phase of a project. It starts after the planning phase of a project is over. It consists of the processes used to complete the work defined in the project management plan to accomplish the project's requirements. Execution process involves coordinating people and resources, as well as integrating and performing the activities of the project in accordance with the project management plan. The deliverables are produced as outputs from the processes performed as defined in the project management plan. The executing process group utilizes the most project time and resources.
Answer option A is incorrect. Monitoring and controlling is a process group or stage that starts when the project is in the executing stage. This process overlaps the executing stage. Monitoring and controlling consists of those processes performed to observe project execution, so that potential problems can be identified in a timely manner and corrective action can be taken, when necessary, to control the execution of the project. The key benefit is that project performance is observed and measured regularly to identify variances from the project management plan. The monitoring and controlling process includes the following:
Measuring the ongoing project activities (where we are)

Monitoring the project variables (cost, effort, etc.) against the project management plan and the project

performance baseline (where we should be)
Identifying corrective actions to properly address issues and risks (How can we get on track again)

Influencing the factors that could circumvent integrated change control, so that only approved changes

are implemented
In multi-phase projects, the monitoring and controlling process also provides feedback between project phases in order to implement corrective or preventive actions to bring the project into compliance with the project management plan.Reference: "Project Management Body of Knowledge (PMBOK Guide), Fourth edition" Chapter: Project Charter and Scope Management Objective: Initiating Projects

NEW QUESTION: 2

A. Option C
B. Option A
C. Option B
D. Option D
Answer: B

NEW QUESTION: 3
For a profile to be visible in the Mobile app's configuration screen, what two conditions must be met?
A. The mode of a task in the profile is set to Batch Creation
B. The name of a task in the profile is set to Mobile
C. The mode of a task is set to Branch.
D. The program option of a task is set to Mobile Capture
E. The Profile name is set to Mobile
Answer: B,D

NEW QUESTION: 4
Statements of financial position for YZ, BC and DE at 31 March 20X2 include the following balances:

YZ purchased 90% of BC's equity shares for $508,000 on 1 January 20X2. On 1 January 20X2 BC's retained earnings were $183,000. YZ uses the proportion of net assets method to value non-controlling interest at acquisition.
YZ purchased 30% of DE's equity shares on 1 April 20X1 for $112,000. DE's retained earnings at 1 April
20X1 were $88,000.
On 1 February 20X2 YZ sold goods to BC for $28,000 at a mark up of 25% on cost. All the goods were still in BC's inventory at 31 March 20X2.
Calculate the goodwill arising on the acquisition of BC.
Give your answer to the nearest whole $.
Answer:
Explanation:
$118300