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| Section | Weight | Objectives |
|---|---|---|
| Program Life Cycle Management | 44% | - Managing the program from initiation to closure, including planning, execution, and monitoring. - Coordinate the concurrent and sequential execution of program components. |
| Benefits Management | 11% | - Ensure that the program achieves its intended benefits and value creation. - Identify, plan, and manage benefits realization. |
| Stakeholder Management | 16% | - Develop strategies to engage stakeholders effectively throughout the program lifecycle. - Identify stakeholders and analyze their expectations and interests. |
| Governance | 14% | - Establish a governance framework including policies, procedures, and standards. - Maintain oversight and decision-making frameworks across the program lifecycle. |
| Strategic Program Management | 15% | - Establish a high-level road map with milestones and preliminary estimates to obtain initial validation and approval from the executive sponsor. - Define the program mission statement by evaluating the stakeholders' expectations. - Define the high-level road map and financial framework to set a baseline for program definition, planning, and execution. - Perform an initial program assessment by defining the program objectives, requirements, and risks to ensure alignment with the organization's strategic plan, objectives, priorities, vision, and mission statement. |
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NEW QUESTION # 505
Many stakeholders have recently left a program to retire or be assigned to other programs. The program manager wants to update the replacement stakeholders on the program goals. What should the program manager provide to the new stakeholders?
Answer: C
Explanation:
The program charter clearly defines the program's goals, objectives, scope, and key stakeholders, providing new stakeholders with essential context to understand and align with the program's purpose.
NEW QUESTION # 506
You are the program manager for your organization. You have proposed a program that will cost
$750,000 and will last for four years. Management is concerned with the cost of the program in relation to the return your program will bring. If the rate of return is six percent what is the minimum value your project should return in four years based on the investment of the program?
Answer: D
NEW QUESTION # 507
You are the owner of a house painting company. You occasionally have the need for an automated paint sprayer. This tool sells for $1250 US and would cost $20 a day to maintain. You can rent one for $150 a day with maintenance included. How many days would you need to use this tool before it would make sense to buy the tool instead of rent?
Answer: C
NEW QUESTION # 508
You are the program manager for your organization. Management would like to consider the present value for your program. If your program is predicted to be worth $450,000 in two years what is the present value of the program if the interest rate is six percent?
Answer: A
NEW QUESTION # 509
A key stakeholder's requirement contradicts the organization's strategic objectives. The program manager meets with the stakeholder, but is unable to reach a compromise on the requirement.
What should the program manager do first?
Answer: B
Explanation:
Section: Volume D
NEW QUESTION # 510
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