Free PM PrepCast lesson: Enterprise Environmental Factors

Published: Tue, 07/24/18

For your Project Management Professional (PMP)® Exam

Free Lesson 3: Enterprise Environmental Factors

f you were to be sent off to manage a project overseas, I bet you’d seriously consider your host country’s political situation, its security, geography, culture, and infrastructure in how you manage the different aspects of your project. What I must emphasize is this. First, these are but a few examples of enterprise environmental factors and second, enterprise environmental factors are an important influence on any project, not just international ones.

This lesson aims to describe different enterprise environmental factors, so you know what they are, and how they can affect your project.

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PMP Exam Tip

Communications Channels Formula for Communications Management

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Sample Question and Answer

A project manager is leading a project to install a new production line for a consumer goods manufacturing company. With the project nearly complete, the project manager has already performed procurement closure, shared the final project report, updated the lessons learned repository, and obtained feedback from the relevant stakeholders. What should the project manager do next?

A. Provide final payment to the suppliers
B. Send a summary of how the final product achieved the business needs identified in the business plan to relevant stakeholders
C. Transfer the completed assembly line to operations
D. Send formal written notice to the vendors that the contracts have been completed

HINT: All but one of the answer choices represents an activity which has not already been completed in the scenario.

Get the correct answer here...

EVM Related Question

Let's help our forum member answer this question:

"Can someone please explain how to arrive at the correct answer?

Q: You are the project manager for a construction company with a budget of $300,000 and two months into the project, you find that there have been several changes in the project and you re-estimate that the project will cost additional money. If the Earned value to date is $175,000 and the costs incurred are $225,000 calculate the estimate at completion (EAC)?

The correct answer is: $385,000."

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Student Profile: Chakarin (Keith) Yoswattana, PMP

"...Overall, I think the best approach is when looking at the PMBOK to jot down any unique examples or points that you did not come across on your own studies and you should be fine.

In the last week before the exam, spend 5 days on nothing but high-quality mock exams. However, rather than the typical “Hey, I got this answer wrong, let me check the right answer or read it again” you need to go beyond that and truly understand the situation and thinking that PMI is trying to elicit to get you to choose that answer. The way the 6th edition exam is structured the questions will be direct but slightly vague so you will need to understand the methodology and situation more than anything. Ask yourself repeatedly WHY did they choose this answer, what was the logic? Was there a time constraint? If you can imagine yourself in the scenario it will make things clearer in the exam...."