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| Section | Weight | Objectives |
|---|
| Governance | 14% | - Maintain oversight and decision-making frameworks across the program lifecycle. - Establish a governance framework including policies, procedures, and standards.
|
| Stakeholder Management | 16% | - Identify stakeholders and analyze their expectations and interests. - Develop strategies to engage stakeholders effectively throughout the program lifecycle.
|
| Benefits Management | 11% | - Identify, plan, and manage benefits realization. - Ensure that the program achieves its intended benefits and value creation.
|
| Program Life Cycle Management | 44% | - Coordinate the concurrent and sequential execution of program components. - Managing the program from initiation to closure, including planning, execution, and monitoring.
|
| Strategic Program Management | 15% | - Define the high-level road map and financial framework to set a baseline for program definition, planning, and execution. - Define the program mission statement by evaluating the stakeholders' expectations. - Establish a high-level road map with milestones and preliminary estimates to obtain initial validation and approval from the executive sponsor. - 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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PMI Program Management Professional (PgMP) Sample Questions (Q238-Q243):
NEW QUESTION # 238
An organization is considering a new program. The business analyst believes that the benefits to the organization would equate to $1,550,000 in five years. If the rate of return for this program is six percent what is the maximum amount the organization should invest in this program?
- A. $1,550,000
- B. $2,074,249
- C. $1,158,250
- D. It depends on the internal decision making process.
Answer: C
NEW QUESTION # 239
A company is exploring ways to save money in the coming quarter and may cancel a program.
The program sponsor asks the program manager to update the benefits realization plan so senior leadership can see the future program value. What should the program manager show as an output of this effort?
- A. Net benefits justify the allocation of company resources.
- B. Commencement of work is driven by benefits identification.
- C. Governance and adequate resources are essential benefits.
- D. Planned benefits are identified in authorizing documents.
Answer: A
Explanation:
Demonstrating that the net benefits outweigh the costs shows the program's future value and supports justification for continued allocation of organizational resources.
NEW QUESTION # 240
You are in the process of purchasing 67 desktop computers, monitors, and a standard desktop software package for an upcoming project. What type of contract will you likely use?
- A. Fixed-price
- B. Net 30
- C. Purchase order
- D. Cost-plus-percentage of cost
Answer: C
NEW QUESTION # 241
A risk management strategy should be defined to help discover opportunities and threats to a program and realization of its benefits. What should the program manager do to simplify the ongoing discovery of opportunities and threats as a part of their risk management strategy?
- A. Update the benefits management plan and program roadmap with the new risks and uncertainties
- B. Update the benefits register for new opportunities and threats affecting benefits
- C. Complete an initial risk assessment to analyze threats and opportunities to the program
- D. Create an environment for communicating and addressing program risks and uncertainties
Answer: D
Explanation:
Creating an environment that encourages communication and proactive addressing of risks and uncertainties facilitates continuous discovery and management of opportunities and threats, making the risk management process more effective and integrated into the program culture.
NEW QUESTION # 242
You are the program manager for your organization. Part of your role as the program manager is to train John, a new program manager, on the program processes within a program. John is confused as to when the program team can be acquired in the program management lifecycle. When will the program team be acquired for a program?
- A. Initiation
- B. Monitoring and controlling
- C. Planning
- D. Execution
Answer: D
NEW QUESTION # 243
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