PMP Exam Prep Question of the Week

Which of these statements best describes the Initiation phase?

  1. The project’s probability of succeeding is high.
  2. Stakeholder influence on the project is low.
  3. Risk is high.
  4. Expended cost-to-date is high.

 

The correct answer is 3.

Risk is highest at the beginning of the project, when there are many unknowns. All the other answers are false: the project’s probability of succeeding is low because there are many unknowns at this point; stakeholder influence is very high as the project is further defined; expended cost-to-date is very low because the planning and work are just beginning.

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