12 of 87 questions · Page 2/2 · Program Life Cycle Management · Answers revealed
During program planning, which plan is used to ensure that the program stays within its budget?
The financial plan covers the entire program's budget.
Why this answer
The Financial Management Plan describes how program finances are planned, managed, and controlled.
Which TWO of the following should be included in a program communication plan?
This is the basis of the plan.
Why this answer
A communication plan ensures the right information goes to the right people at the right time. Stakeholder needs and delivery channels are critical components.
A program manager discovers that a project manager is not following the program's reporting standards. What is the best course of action?
Coaching is the first step to correcting performance.
Why this answer
The program manager must coach the project manager and ensure compliance with program standards to maintain data integrity.
How do you manage risks that are common to multiple projects within a program?
Managing shared risks centrally is a core program management competency.
Why this answer
Common risks should be managed at the program level to ensure a consistent approach and resource allocation.
Which THREE of the following are key components of the Program Governance framework?
Defines who makes decisions.
Why this answer
Governance frameworks include decision-making structures, policies, and procedures.
During program execution, a major regulatory change impacts the program. Who is responsible for assessing the impact on the benefits realization?
Assessment of the overall program benefits is a core program management duty.
Why this answer
The program manager is responsible for monitoring the environment and assessing impacts to the program's benefits.
Which TWO of the following are primary components of a Program Management Plan?
Essential for tracking program benefits.
Why this answer
The program management plan is an umbrella document that includes several subsidiary plans, such as the Governance Plan and the Benefits Realization Plan.
A program manager is setting up the program governance structure. Which group is responsible for providing high-level guidance and oversight?
This group oversees the program's strategic direction.
Why this answer
The Program Steering Committee (or Program Board) provides the oversight and guidance required for program success.
Which of the following is an example of an 'organizational process asset' used in program management?
Templates are common process assets.
Why this answer
Organizational process assets are the plans, processes, policies, and knowledge bases specific to the organization.
When establishing the Program Management Office (PMO), what is the most important factor for success?
Alignment is critical for the PMO to provide value.
Why this answer
The PMO must be aligned with the organizational strategy and the specific needs of the program to be effective.
Which THREE of the following are standard ways to manage changes at the program level?
Required for tracking and approval.
Why this answer
Program change management involves identifying, evaluating, and approving changes through a structured governance process.
Which TWO of the following are key inputs to Program Formulation?
The program must align with the organization's strategic plan.
Why this answer
Formulation requires understanding the organization's strategic direction and business needs.
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