What is the present value of a program that will be worth $3,567,000 if it lasts for six years and the rate of return is five percent?

• A.$1,550,850
• B.$3,532,000
• C.$2,502,750
• D.$2,661,750

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After new private equity owners acquire an enterprise, they want to improve its value by reducing costs. A new program will restructure the enterprise, including an aging headquarters campus where the main data center is housed. A strategic component project presents significant risk to organizational objectives due to its complexity and dependencies on external parties. After a series of board meetings, the enterprise's investment committee approves a budget to implement this component project, which will move the old data center from the aging headquarters campus into a new colocation facility. Implementation of this component project may now begin, but is already one month behind schedule. The program manager now perceives significantly more risk to the larger program due to this delay.
What should the program manager do to address this risk with the program sponsor and governance board?

• A.Update the component project's risk register, issue log, implementation plan, and risk management plan.
  Next, meet with the program sponsor to revise the program budget, implementation plan, and risk management plan for governance board approval.
• B.Update the program budget, and task the component project manager with implementing the plan. Next, submit a change order for approval to apply more resources to reduce the larger program's risk profile.
• C.Revise the program budget, and implement the component project by managing it closely to recover the month-long delay. Next, update the component's project and risk management plans for governance board approval.
• D.Share the concerns with the program sponsor to confirm understanding of the new development. Next, update the program budget, implementation plan, and risk management plan for governance board approval.

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Which of the following is used to build consensus through rounds of anonymous surveys?

• A.The Delphi technique
• B.The Pareto chart
• C.The Monte Carlo simulation
• D.The Gantt chart

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Which one of the following is the best definition of program quality?

• A.Satisfying the program scope, conforming to requirements, and ensuring a fitness for use.
• B.Working with the program team, project managers, and the project team members to ensure that the work is done accurately and correctly the first time.
• C.Creating the program scope statement exactly as the stakeholders have requested.
• D.Balancing the time, cost, and scope objectives of the project.

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Paul is the program manager for his company. He along with his team is working on the Monitor and Control Program Changes process. The process will need several inputs. Which one of the following items is NOT an input to the Monitor and Control Program Changes process in the program management?

• A.Change request log
• B.Approved change requests
• C.Change requests
• D.Program management plan

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