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| Section | Weight | Objectives |
|---|
| Topic 1: 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.
|
| Topic 2: Governance | 14% | - Establish a governance framework including policies, procedures, and standards. - Maintain oversight and decision-making frameworks across the program lifecycle.
|
| Topic 3: Stakeholder Management | 16% | - Identify stakeholders and analyze their expectations and interests. - Develop strategies to engage stakeholders effectively throughout the program lifecycle.
|
| Topic 4: Strategic Program Management | 15% | - Define the high-level road map and financial framework to set a baseline for program definition, planning, and execution. - 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. - 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.
|
| Topic 5: Benefits Management | 11% | - Identify, plan, and manage benefits realization. - Ensure that the program achieves its intended benefits and value creation.
|
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PMI Program Management Professional (PgMP) Sample Questions (Q426-Q431):
NEW QUESTION # 426
Your program has a budget at completion of $1,550,000 and is expected to last one year.
Currently your program is 45 percent complete and has spent $725,000. According to the program schedule you are actually to be fifty percent complete at this, but due to some vendor delays your program is running just a bit late. Management is concerned that your program will not be able to recoup the costs of the expenses.
They've asked you to determine the cost variance for the program. What is the cost variance based on this information?
- A. -$77,500
- B. -$27,500
- C. .90
- D. -$61,111
Answer: B
Explanation:
Section: Volume B
Explanation/Reference:
NEW QUESTION # 427
A global financial system is being delivered by the program team to allow access from anywhere in the world. Following a new cross-border regulation applying to privacy of local banking data accessed from abroad, the CEO of the bank requests that an external audit be conducted to validate compliance with this new regulation. This event, which was not anticipated at this phase of the program, will generate additional work for the program team. This effort is not included in the current program roadmap and benefits delivery plan.
What immediate actions should the program manager take?
- A. De-scope the capabilities of the system to not allow access from abroad
- B. Accept the risk of the audit and continue the program as planned
- C. Negotiate with the CEO in an attempt to avoid the audit
- D. Assess the impact of the audit and potential remediation on the program
Answer: D
NEW QUESTION # 428
You are the project manager for your organization. Your project team has finished the second phase of a seven-phase project. At the end of each phase, management must review the work your project team has completed and determine if the project should be allowed to continue. What name describes this type of end-of-phase review management is completing on your project?
- A. Audit
- B. Kill point
- C. Phase review
- D. Quality control
Answer: B
NEW QUESTION # 429
A program manager is leading a software development program. The program sponsor asked the program manager to accelerate delivery so the company can realize revenue sooner. What should the program manager do?
- A. Identify the key components and prioritize features that require the least amount of effort
- B. Share the schedule and explain the compression risk is above established thresholds
- C. Review the components and prioritize key features that are aligned with strategic objectives
- D. Explain that the current software release plan is aligned with the needs of the intended users
Answer: C
Explanation:
Reviewing the components and prioritizing key features aligned with strategic objectives enables the program manager to accelerate delivery by focusing on the most valuable and impactful work, balancing speed with business goals to realize revenue sooner.
NEW QUESTION # 430
You are hosting a meeting with all of the vendors that have received a copy of your statement of work. In this meeting, you'll be discussing the statement of work, clarifying the details, and answering any questions the vendors may have about the project. What is this meeting called?
- A. Select sellers process
- B. Sales meeting
- C. Bidder conference
- D. Negotiations
Answer: C
Explanation:
Section: Volume B
NEW QUESTION # 431
......
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