5During the planning development process, at times it is necessary to make certain assumptionsto enhance the project plan when the data is not available. In regard to making those assumptions,which one of the following is most true for project planning purposes? 1. The assumptions will be considered as true, real, or certain.2. By making the assumption, it tends to reduce the project risk.3. Project assumptions are based upon historical data used for the project.4. Senior management predefines the budget constraints.Answer:A Hint: Project scope statement: Assumptions, Page 124, PMBOK 5 6A project planning methodology is any structured approach used to guide the project teamduring development of the project plan. What is an example of this methodology? 7Ahmar, a project manager in a construction company has been authorized to apply theorganizational resources to project activities. The authorization comes in the form of. 8The process of defining, preparing and organizing all subsidiary plans along with integratingthem into the comprehensive project plan is known as. Hint: Refer Sec 4.2, Page 72, PMBOK 5 9The project closing process is essential to overall project planning. What is considered one of themost important steps in closing the project? 1. Insuring that plans are produced to implement the project by phases.2. Issuing work orders so that financial data can be collected.3. Transition the lease of equipment to the owner4. Satisfying the contractual obligationsAnswer: D
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