PMP – Two

1. You have recently taken over a troubled automobile project which has gone out of control. The project team missed many deadlines and stakeholders were not happy with the project progress. As an experienced project manager, your first priority is to bring the schedule into alignment with the project plan. You would like to use what-if scenario analysis to see how various factors affected the project schedule so that you can develop a plan to reduce the impact of adverse conditions on the project schedule in future. What would be your next course of action once you determine the factors that created schedule overrun?

Correct

You are in the process of determining the status of the project schedule and influencing the factors that
caused schedule changes. Based on the scenario, you are currently in the Control Schedule process.

Incorrect

2. A project was estimated to cost $ 200,000 with a timeline of 10 months. Due to a shipment delay, the schedule was slightly delayed. This was however made up by receiving the first batch of materials for the project by air. The net result was that there was some additional cost in the project. At the end of the second month, the Project Manager reviews the project and finds that the project is 20% complete and Actual Costs are $ 50,000. The Estimate to complete (ETC) for the project would now be:

Correct

The Budget at completion (BAC) = $ 200,000 (given). The Actual Cost (AC) = $ 50,000 (given). The Earned value (EV) = ( 2 /10 ) * 200,000 since 20% of the project is complete i.e. 2 months out of 10. Hence, Earned Value (EV) = $ 40,000.

Incorrect

3. While managing a project, you decide to contract to an external enterprise. You enter into a contract where you pay the external enterprise a set amount (as defined by the contract), irrespective of the seller's costs. What would best describe this type of contract?

Correct

This is an example of a Firm-Fixed Price (FFP) contract.

Incorrect

4.  Which of the following inaccurately describes a prototype?

Correct

 Prototypes usually go through multiple feedback cycles after which the requirements obtained from the prototype are sufficiently complete to move to a design or build phase.

Incorrect

5. Steve is the project manager of a global project. He finds that of late, there has been a deterioration in the quality of communication between various team members across the globe. What would you term this?

Correct

Anything that interferes with the transmission and understanding of a message is termed as noise. Distance would be such an example, as in the case of global teams.

Incorrect

 

 6. In a project, Activity A has a duration of 4 days and begins on the morning of Monday the 4th. The successor Acti vity, B, has a Finish-to-Start (FS) relationship with A. The Finish-to-Start relationship has 2 days of lag, and Activity B has a duration of 3 days. If Saturday and Sunday are non working days, which of the following statements is true?

Correct

Activity A has a duration of 4 days and completes by end of the day on Thursday, 7th.There is a 2 day lag and since Saturday and Sunday are non-working, Activity B can begin only on Tuesday, 12th. Activity B has a duration of 3 days and completes by end of the day on Thursday, 14th.

Incorrect

 

7. What is the BEST way to make an accurate forecasting of ETC?

Correct

Manual forecasting of costs for remaining work is generally the best means of generating an accurate forecast.

Incorrect

 

8. When writing the roles and responsibilities for team members, you should document the role, authority, responsibility and competency for each team member. Where must this information be documented?

Correct

Information regarding team roles, responsibilities, authorities and competencies are documented in the Human Resource Management Plan.

Incorrect

 

9.  A project's financial management reserve is identified in which process:

Correct

The Management Contingency Reserve is identified in the Determine Budget process.

Incorrect

 

10. Which of these is not a component of the scope baseline that is contained in the project management plan?

Correct

Project requirements documentation is used as an input to define the project's scope baseline. However, the requirements documentation is not a part of the scope baseline.

Incorrect

 

11. John has been assigned to design a new car model for a well-known car manufacturer. The project has a small number of key stakeholders and John is planning to meet all of them in person in order to understand their requirements and expectations. Which of the following is not a project key stakeholder?

Correct

Project stakeholders are people or organizations who are affected by the outcome of the project. Key stakeholders are the project stakeholders that are actively involved in the project and are in a decision-making role.

Incorrect

 

12. The Manage Communications process requires which of the following inputs to determine which project management information system is available to manage project communications?

Correct

The Project Management Information System is an enterprise environmental factor.

Incorrect

13.  You are about to contract out a project to a service provider. However, at the time of awarding the contract, you are not sure of the total effort involved. Since the scope of work cannot be accurately estimated, you want to agree the per unit rates for difference services. Which of the following would best suit your purpose?

Correct

This type of a project situation calls for a Time & Material type of contract. The contract will be open ended since the effort is not completely known. However, the unit rates will be negotiated and agreed upon for a particular resource category.

Incorrect

 

14. The Identify Stakeholders process has four inputs. Three of them are project charter, enterprise environmental factors and organizational process assets. What is the fourth one?

Correct

The Identify Stakeholders process has four inputs: project charter, procurement documents, enterprise environmental factors and organizational process assets.

Incorrect

 

 

15. As an experienced PMP, you have found that running a WBS meeting is tricky because you need to find a balance between decomposition and excessive decomposition. When items are excessively decomposed it leads all of the following, EXCEPT:

Correct

Excessive decomposition can lead to: inefficient use of resources, decreased efficiency and non productive management efforts.

Incorrect

 

16. You are the sponsor of a project that is designed to record phone calls for quality control purposes. You are in the process of writing the charter, what is NOT an input into this document?

Correct

The project charter is an input to the project scope statement. All the other choices are inputs into the project charter. All the other choices are enterprise environmental factors or organizational process assets.

Incorrect

 

17. John, a project manager, for Code Crashers Inc. has been assigned a project where he must lead a group of inexperienced programmers in developing a software package that creates Material Safety Data Sheets (MSDS) for a chemical company. This is very similar to a project that his colleague, Peter, worked on in 2006, with some junior programmers. If John needs to come up with a rough order of magnitude estimate, what tool or technique should he use?

Correct

Analogous estimating is the correct choice. This technique relies on parameters from a similar previous project and is a gross value estimating approach. It is also generally less accurate.

Incorrect

 

18. Jonathan is managing a computer network deployment project at a university campus. Jonathan wants to involve the key project stakeholders in the scheduling of the major work packages. He sends out a meeting invitation to all key stakeholders for this brainstorming session. Which of the following types of communication methods has Jonathan selected for the brainstorming?

Correct

Meetings are examples of interactive communication. They are neither push nor pull. Further if any meeting is one-sided communication, it is more of a lecture than a meeting.

Incorrect

 

19. As the Project Manager on the construction of a new hotel you have developed a project management plan that you believe is realistic and will be formally approved. The organizational assets that influenced the development of the plan may include all of the following except:

Correct

The business case for the project is used to develop the project charter and may not play a role in the development of the project management plan.

Incorrect

 

20. As part of your staffing management plan, you have developed a chart indicating the # of hours (Y axis) a senior programmer will be working over the months (X axis) of the project. This is an example of what?

Correct

A chart representing hours and the time the position, department, company will be working on the project is an example of a resource histogram.

Incorrect

 

21. Which of the following is a control tool that helps the project management team quantify and categorize defects according to sources?

Correct

A Pareto Diagram helps the management team quantify and categorize defects

Incorrect

 

22.  While performing an audit on a project run by another project manager, a certified PMP, you find that project processes have not been followed, and that company procurement policies have been repeatedly violated. What do you do?

Correct

The other project manager has failed to follow proper policies and processes. You must report the findings to the appropriate management immediately. Project managers are required by the code of ethics to report errors and omissions to the appropriate parties.

Incorrect

 

23. You have successfully passed your PMP exam and are leading a project to replace the storage devices in a data center. In the following week, you and your team of experts will be meeting with a storage device vendor to discuss the status of their deliverables that are due at week's end. What management process do these activities reflect?

Correct

The Control Procurements is the process of monitoring the contract performance.

Incorrect

 

24. Alan is the project manager of a project with 6 stakeholders. If the number of stakeholders goes up to 8, how many additional channels does he have to manage?

Correct

The formula to calculate the number of channels is n(n-1)/2 where n is the number of stakeholders. In the original situation, with 6 stakeholders, the no. Of channels is 6 (6 - 1) / 2 = 30 / 2 = 15

In the new situation, with 8 stakeholders, the no. Of channels is 8 (8 - 1) / 2 = 56 / 2 = 28. Hence the additional number channels to manage is = 28-15 = 13

Incorrect

 

25. Your company will receive a large bonus payment for completing a customer's project by a certain date. However, as the project manager, you know the project will complete approximately 2 weeks after that date as it is currently scheduled. Your manager is insisting that you to do whatever it takes to finish the project by that date, even if it means "cutting corners here and there." What do you do?

Correct

Explain the potential impacts of this deadline change to your manager and the project stakeholders. Once they know how the project could be impacted, the team can explore options for going forward with the change.

Incorrect

 

26.  An organization wishes to ensure that the opportunity arising from a risk with positive impact is realized. This organization should :

Correct

Four strategies to deal with risks with potentially positive impacts on project objectives are to exploit, share, enhance and accept the opportunity. An exploit strategy ensures that the opportunity is realized.

Incorrect

 

27. Your Vice President has asked you what the Estimate at Completion is going to be for a small project you are working on. You were given a budget of $30,000, and to date you have spent $20,000 but only completed $10,000 worth of work. You are sure that the future work will be accomplished at the planned rate.

Correct

If the future work will be accomplished at the planned rate, then then Estimate at Completion (EAC) will be AC+BAC-EV. Budget at Completion (BAC) is $30,000, Earned Value (EV) is $10,000 and Actual Cost (AC) is $20,000. Hence the EAC is $40,000.

Incorrect

 

28. You have just sat through an exhausting change control meeting discussing a change in scope to the project you have been working on for the last 7 months. After lengthy discussion the change in scope was approved. As the Project Manager you should now update all of the following documentation, EXCEPT:

Correct

You have just sat through an exhausting change control meeting discussing a change in scope to the project you have been working on for the last 7 months. After lengthy discussion the change in scope was approved. As the Project Manager you should now update all of the following documentation, EXCEPT:

Incorrect

 

29. A project team is required to prepare a monthly project update report for the project key stakeholders. This report must contain the current status of the deliverables, information related to the recently approved change requests, project's health and the forecasted estimates. This report is an example of?

Correct

Producing a monthly report by the project team is neither expert judgment nor a milestone. The report being discussed is an information pack for the key stakeholders detailing the project's health. This report is an example of work performance information.

Incorrect

 

30. Which of these statements is accurate regarding quality management?

Correct

 As the correct item states, modern quality management complements project management.

Incorrect

 

31. The Risk Register contains details of all identified risks and current status. It is a document containing the results of:

Correct

The Risk Register contains the results of the Perform Qualitative Risk Analysis, Perform Quantitative Risk Analysis, and Plan Risk Responses. It details all identified risks, including description, category, cause, probability of occurring, impact(s), etc

Incorrect

 

32. You are analyzing the risk in a project and decide to do sensitivity analysis to determine which risks have the most potential impact on the project. You look at a tool to help compare the relative importance of variables that have a high degree of uncertainty to those that are more stable. One such tool is:

Correct

A tornado diagram is useful for comparing the relative importance of variables that have a high degree of uncertainty to those that are more stable.

Incorrect

 

33. A new CEO has come into your company and has promptly shut down your project because it no longer met the business needs of the company. While not pleased with the decision, you document the level and completeness of the project to date. What activity or process is this part of?

Correct

Documenting the completeness of the project to date in case of premature termination of a project is an activity under the Close Project or Phase process.

Incorrect

 

34. When a project is performed under contract, the contractual provisions will generally be considered as _____________ for the project.

Correct

When a project is performed under contract, the contractual provisions are generally considered as constraints for the project as they are the limiting factors.

Incorrect

 

35. A project is contracted as a Time & Material (T&M) type of contract. The service provider initially estimates that the total effort involved would be about 1000 hours of effort. The project is contracted at a rate of US$ 75 per hour of effort. If the project ended up with 1200 hours of effort, what would the contract payout be.

Correct

The correct answer is US$ 90,000. Since this is a T&M contract, the contract is open-ended in value. Hence the contract value is the actual effort multiplied by the agreed rate = US$ 75 x 1200 = US$ 90,000.

Incorrect

 

36. A project is contracted as a Cost-Plus-Incentive-Fee (CPIF) type of contract. The project is negotiated such that if the final costs are less than expected costs, the sharing formula for cost savings is 75:25. The targeted cost is US$ 100,000 with an 8% incentive fee on the targeted cost. If the project comes in at US$ 80,000, what would be the cost of the total contract?

Correct

The correct answer is US$ 93,000. The calculation is as follows: Incentive fee based on budgeted costs = 8% of 100,000 = 8,000 Actual costs = 80,000 Share of cost savings = 25% of 20,000 = 5,000 (since the cost savings is 100,000 - 80,000) Hence the so total money seller gets is 80,000+8,000+5,000 = 93,000

Incorrect

 

37. Organizations strongly influence the project framework. The PMBOK Guide recognizes which of the following types of organizations?

Correct

Both projectized and functional organizations are formally recognized terms for organizations in the PMBOK guide

Incorrect

 

38. Which of the following is not accurate about the initial phase of a project?

Correct

At the initial stage of a project, the cost is typically not at its highest.

Incorrect

 

39. As part of the Define Scope process, a project manager documented the specific project assumptions associated with the project scope in the project scope statement. While reviewing this document, an experienced project manager pointed out that the project manager should also document:

Correct

 It is important to list out the potential impact of assumptions if they prove to be false. The assumptions listed out in project scope are typically more numerous and detailed than the assumptions listed in the project charter.

Incorrect

 

40. Nancy has recently taken over a website development project. The project is already in execution and half of the project work has been completed. Nancy finds out that the stakeholder register does not contain any information about key stakeholders from the buyer of the product. What is the potential root cause of this issue?

Correct

Identifying key stakeholders is a very crucial process that is carried out during the project initiation.

Incorrect

 

 

41. One of the configuration management activities in the project involved capturing, storing and reporting configuration information needed to manage products and product information. This is known as:

Correct

The correct response is configuration status accounting.

Incorrect

 

42. Rosemary is the project manager at a pharmaceutical company. She begins her day by analyzing her team's work requirements. She then assigns daily tasks to her team members over a centralized project management information system that then generates automatic task assignment notifications for the team members. Which of the following types of communication methods has been selected by Rosemary?

Correct

According to the PMBOK guide, emails and memos are informal communication. These are created by the author and then pushed on to the readers.

Incorrect

 

43. You have just returned from the weekly change control board meeting where you presented the requested changes to the employee move project. You had five change requests approved, however one rejected request. These are outputs of what process?

Correct

Approved and rejected change requests are outputs of the Perform Integrated Change Control process.

Incorrect

 

44. There are two activities on your schedule, which are: 1) Install server in lab 2) Move server into the data center. However, the second task can't start until the server has run in the lab for 5 days without failure. This is an example of what?

Correct

A Lag is a modification of a logical relationship that directs a delay in a successor activity. In this case, there is a 5 day delay before the server can be moved into the data center.

Incorrect

 

45. You just found out that a major subcontractor for your project consistently provides deliverables late. The subcontractor approaches you and asks you to continue accepting late deliverables in exchange for a decrease in project costs. This offer is an example of:

Correct

In this scenario both parties are giving up something, this is an example of compromise.

Incorrect

 

46. You have just been assigned a project with an unrealistic deadline. What do you do?

Correct

It is the project manager's responsibility to push back against any unrealistic project deadlines. The PMI Code of Ethics and Professional Conduct requires project managers to stand up for the project and adhere to all project processes.

Incorrect

 

47. You are working with your team and are looking at the cost risks in the project. You are your team are currently creating a tornado diagram for the project risks. This is done as a part of which of the following processes?

Correct

A tornado diagram is a sensitivity analysis tool. This technique is used during the Perform Quantitative Risk Analysis process.

Incorrect

 

48. Body language plays an important role in effective communications. This relates to which of the following communications dimensions?

Correct

The body language relates to the nonverbal dimension of communications.

Incorrect

 

49.  A technique that calculates multiple project durations with different sets of activity assumptions and variables is called:

Correct

This is known as simulation. Project simulations use computer models and estimates of risk, usually expressed as a probability distribution of possible costs or durations at a detailed work level, and are typically performed using Monte Carlo Analysis

Incorrect

 

 

50. A project team is currently assessing the project stakeholder management plan for its validity. The project documents are essential inputs to this process. Which of the following project documents must be used by the project team during this process?

Correct

Since the project team is reviewing the project stakeholder management plan for potential adjustments, this relates to the Control Stakeholder Engagement process. Multiple project documents from all phases of the project are considered.

Incorrect

 

51. A process that states how formal validation and acceptance of the completed project deliverables will be obtained is documented in the:

Correct

The correct response is the Scope Management Plan. This plan provides guidance on how project scope will be defined, documented, validated, managed and controlled by the project management team.

Incorrect

 

52. Which of the following Perform Quality Assurance techniques relates to root cause analysis and is used to identify a problem, discover the underlying causes, and develop preventive actions?

Correct

Process Analysis is a Perform Quality Assurance technique that relates to root cause analysis and is used to identify a problem, discover the underlying causes, and develop preventive actions. The rest of the choices are not the tools and techniques.

Incorrect

 

53.  The process of auditing the quality requirements and the results from quality control measurements to ensure appropriate quality standards and operational definitions are used is the definition of:

Correct

This is the definition of quality assurance.

Incorrect

 

54. Several of your resources report to another manager. You need them to participate in a series of project meetings over the next two weeks. How should you handle this?

Correct

Provide advance notice and information about the time and effort required for your project meetings to both the manager and the resources. This encourages mutual cooperation between your team and the other manager, by allowing both of you to plan together.

Incorrect

 

55. Two of your team members played the Mega Millions lottery and won! As much as they like working on your team, they have decided to retire. What plan should be updated?

Correct

Any time a team member joins or leaves the team, for any reason, the Staffing Management Plan should be updated.

Incorrect

 

56. You are running one week behind on a project due to the late delivery by a vendor. You are forced to compress your project schedule due to a government mandated end date that constrains your project. After meeting with your team, the decision is to work several tasks in parallel that were scheduled to be run consecutively. This is an example of?

Correct

The example provided is the definition of fast tracking. Crashing the schedule would be if you decide to double the amount of resources so the task(s) could be done in half the amount of time.

Incorrect

 

57. When developing your project schedule, you have asked everyone to provide a list of planned vacations over the next 3 months and you have applied this into the tasks that each person is responsible for. This is an example of what tool?

Correct

Resource calendars indicate when resources can work on the project.

Incorrect

 

58. To control the schedule, a project manager is re-analyzing the project to predict project duration. This is done by analyzing the sequence of activities with the least amount of flexibility. What technique is being used?

Correct

The critical path of a project is the series of activities that have the least amount of float

Incorrect

 

 

59. A change request has just been formally documented and approved by the Change Control Board. The project manager now needs to communicate this to a project team member. Which of the following activities must the project manager necessarily do?

Correct

The correct response is to issue a formal communication document.

Incorrect

 

60. A manager asked to see a list of milestones in the project. This would be available as an output from the:

Correct

The list of milestones is available as an output from the Define Activities process.

Incorrect

 

61. Which of the following is the correct statement regarding the Identify Stakeholders process?

Correct

Identify Stakeholders is a very crucial initiating process for any project. It sets the foundation for the project and is never considered optional. However, since the project stakeholders and their interests change over time, this stakeholder register needs regular update.

Incorrect

 

62. There are a number of risks that have been identified in your project. The team has elected not to change the project plan to deal with the risk, but they have established a contingency reserve of money in the event some of these risks are triggered. This is an example of what type of risk mitigation technique?

Correct

Recognizing the risk and not changing the plan, but making some contingencies in the event the risk is triggered is an example of active acceptance.

Incorrect

 

63.  Large variations in the periodic expenditure of funds are undesirable for organizational operations. Therefore the expenditure of funds is frequently reconciled with the disbursement of funds for the project. According to the PMBOK, this is known as:

Correct

This is known as Funding Limit reconciliation. This will necessitate the scheduling of work to be adjusted to smooth or regulate those expenditures.

Incorrect

 

64. The Earned Value Management methodology can be used as a means to:

Correct

The Earned Value Management methodology can be used as a means to forecast future performance based on past performance.

Incorrect

 

65.  A Work Breakdown Structure (WBS) dictionary supports the WBS and is a companion document to the WBS. Which of the following is not included in the WBS dictionary?

Correct

Resource assignments are not part of the WBS dictionary.

Incorrect

 

66. The State of New York has contracted your company to provide a claims payment system for Medicaid benefits. In the contract there is a clause that indicates that the State of New York can review your work processes and deliverables. This is an example of?

Correct

When a buyer puts in a contract that they can review work and deliverables it is an example of an inspection and audit.

Incorrect

 

67. The termination clause and alternative dispute resolution (ADR) mechanism for each procurement in a project is documented in:

Correct

The termination clause and alternative dispute resolution (ADR) mechanism for each procurement in a project is documented in the respective procurement agreement.

Incorrect

 

68. As a project manager, you are concerned with both Prevention and Inspection of errors in a work product. The difference between Prevention and Inspection is:

Correct

Prevention refers to keeping errors out of the process whereas inspection refers to keeping errors out of the hands of the customer.

Incorrect

 

 

69. You have a schedule activity that can be delayed without delaying the early start date of any subsequent activities. This is an example of?

Correct

The question given is the definition of free float.

Incorrect

 

70. As the project manager of a project, you have needed to estimate certain activity durations before all project team members were acquired. On acquisition of the project team, you find that the actual competency levels of the acquired team members are much lower than what you had anticipated. In such a case, you will:

Correct

The appropriate action is to make changes to the project schedule and activity durations depending on the actual competency of the team.

Incorrect

 

71. On a control chart, if six consecutive plot points are above the mean, then what can be established about the process?

Correct

Nothing can be established. The process is out of control if seven consecutive points are either above or below the mean, or any single point is outside of the control limits.

Incorrect

 

72.  A point in time that a project or project phase is authorized to its completion is called:

Correct

A point in time that a project or project phase is authorized to its completion is called project boundary.

Incorrect

 

73. Throughout various project meetings you have documented differences in opinion, situations to be investigated and emerging or unanticipated responsibilities. These are all inputs to what document?

Correct

These are all inputs to an issue log. The issue log is a written document and helps address obstacles that can prevent the team from achieving its goals.

Incorrect

 

74. Juliana is managing a complex multimillion dollar project. The number of the project stakeholders is high and most of the project stakeholders are heavily interested in the project. Providing daily project updates to the project stakeholders is becoming difficult for Juliana because of the effort required to prepare and distribute this information. In this situation, which of the following can help Juliana prepare and distribute the project information?

Correct

The change control and the quality management systems are not utilized for the timely distribution of the project information. The configuration management system is used to manage the configuration of the product of the project.

Incorrect

 

75.  You are working on an upgrade to a call distribution system for a call center, however you are finding it extremely difficult to get the proper resources assigned and tasks completed because the Call Center Manager is in control of the budget. You have just realized that you work in what type of an organization?

Correct

The functional manager, in this case, the Call Center Manager, controls the budget in Functional and Weak Matrix organizations.

Incorrect

 

76. You have been asked to fill in for another project manager while he is on vacation. During the next project status meeting, you ask for a risk report. The project team says they have never reported on that before, and are unsure if there is a master project risk log. What do you do?

Correct

Report the lack of risk tracking and communication to the project stakeholders. Risk reporting is one of the most critical elements to report in any project status meeting.

Incorrect

 

77. Megawatt is estimating the overall expected cost of a new ERP system deployment project using the actual costs of an earlier similar ERP system deployment project as the basis for the cost. This is what type of estimating?

Correct

Analogous cost estimating means using the actual cost of previous, similar projects as the basis for estimating the cost of the current project. Analogous cost estimating is frequently used to estimate costs when there is a limited amount of detailed.

Incorrect

 

78. Your company is way behind schedule in the deployment of a government mandated change to a health care processing system that must be in production by the end of the year. You and your team have met and decided to hire an additional 50 programmers to work with the existing staff on the activities in order to meet the due date. This is an example of what?

Correct

Crashing is a specific type of project schedule compression technique performed by taking action to decrease the total project schedule duration. Typical approaches for crashing a schedule include reducing activity durations and increasing the assign

Incorrect

 

 

79. The key difference between Validate Scope and Control Quality is:

Correct

Verify Scope differs from Perform Quality Control in that Verify Scope is primarily concerned with the acceptance of the deliverables, while Perform Quality Control is primarily concerned with meeting the quality requirements specified for the deliverables.

Incorrect

 

80.  The Make-or-Buy analysis is a technique that is used as part of the Plan Procurement Management process. It is used to determine whether a particular product or service can be produced by the project team or should it be purchased. The analysis to arrive at a decision should include:

Correct

The analysis should include both indirect as well as direct costs.

Incorrect

 

81. Bottom-up Cost estimating is typically motivated by the size and complexity of:

Correct

Bottom-up estimating involves estimating the cost of individual work packages or individual schedule activities with the lowest level of detail. Generally activities with smaller associated effort increase the accuracy of the schedule activity cost estimate.

Incorrect

 

82. The Quality Policy is the intended direction of a performing organization with regard to quality. As a project manager in a performing organization, you find that the organization lacks a formal quality policy. What should be done in such a case?

Correct

The project management team will need to develop a quality policy for the project if the performing organization does not have a formal policy.

Incorrect

 

83.For your weekly project status review meetings, you set some time aside on the agenda to review the risk register and review the project risks. You ensure that the response plans are still appropriate and add or delete risks as necessary. This is an examp le of?

Correct

All of the answers listed are tools/techniques of Control Risks process. The regular review of your risk register for appropriateness (e.g., responses, identified risks, etc.) is an example of risk reassessment.

Incorrect

 

84. The cost estimates for a project are in the range of +/- 5 %. What phase is the project likely to be in?

Correct

The project is likely to be in a closing phase since the range of estimates is quite narrow. Early on in the project, there is less cost information available and the range of estimates is much higher.

Incorrect

 

85. You are setting up your project team and you are looking at a chart that shows that the programming will be performed by Systems Development, the infrastructure will be implemented by Infrastructure Systems, the customer communication will be handled by the Call Center. This is an example of what type of chart?

Correct

A hierarchically organized depiction of the project organization arranged so as to relate the work packages to performing organizational units is an example of Organizational Breakdown Structure (OBS).

Incorrect

 

86.  You have overheard two functional managers arguing about the impacts that your project will have on their departments. What is your best response?

Correct

 Analyze and report to each manager the impact your project will have on theirs. This will not only assist the functional managers proactively plan for those times their resources will be require by your project, it will also ease hostility and lack of support.

Incorrect

 

87.  A large construction project for a logistics company will require the expenditure of a large amount of capital. The finance group works with the project manager to project set limits when expenses will be incurred in a given project, and determine if there are ways to smooth out or level the spending to avoid a single large expenditure one quarter and none the next. This is an example of:

Correct

 Large variations in the periodic expenditure of funds are usually undesirable for organizational operations. Therefore, the expenditure of funds is reconciled with the funding limits set by the customer or performing organization on the disbursement

Incorrect

 

88. Calculation of late finish dates and late start dates for the uncompleted portion of the project is called____________.

Correct

Calculation of late finish dates and late start dates for the uncompleted portion of the project is called a backward pass

Incorrect

 

 

89. Susan is currently developing her project's stakeholder register. She wants to identify the internal and external parties that are involved in the project. Which of the following documents can provide this information to Susan?

Correct

Since Susan is currently developing her project's stakeholder register, she is carrying out the Identify Stakeholders process. The information she is looking for should be provided by one of the inputs of this process.

Incorrect

 

90. A decision tree is a Perform Quantitative Risk Analysis technique that is structured around using a Decision Tree Diagram. It describes a situation under consideration and the implications of each of the available choices and the possible scenarios. A Decision Tree Diagram shows how to make a decision between alternative capital strategies known as:

Correct

The decision points are known as Decision nodes

Incorrect

 

91. Michael is managing a multi-million dollar project. The project is in the planning phase and has a big number of key stakeholders. During an analysis, Michael finds out that there are big gaps between the current and desired engagement levels for most of the key stakeholders. What should Michael do next?

Correct

Since the project is already in the planning phase, there is no need to prepare a business case at this stage unless mandated by the management

Incorrect

 

92. A project manager determines that there are 15 communication channels in the project. The number of stakeholders in the project must then be:

Correct

The correct answer is 6. The number of channels = n(n-1)/2 where n is the number of stakeholders. The answer cannot be 105 since the number of stakeholders will be less than the communication channels

Incorrect

 

93.  Sometimes the broader, more comprehensive summary activity is also referred to as:

Correct

A broader more comprehensive summary activity is sometimes referred to as a hammock activity.

Incorrect

 

94. The formula for Cost Variance is:

Correct

CV equals earned value (EV) minus actual cost (AC).

Incorrect

 

95. Select the best answer: Continuous process improvement reduces _____________ and ________, which allows processes to operate at increased levels of efficiency and effectiveness.

Correct

Continuous process improvement reduces waste and non-value-added activities, which allows processes to operate at increased levels of efficiency and effectiveness.

Incorrect

 

96. A detailed milestone list is created as an output of what process?

Correct

A detailed milestone list is created as an output of the Define Activities process and includes information on whether the milestone is mandatory or optional. Note that the project charter also contains milestone information, but at a higher level.

Incorrect

 

97. You have just learned that your project's sole equipment supplier has gone out of business. This is an unanticipated risk, and will cause a delay in the project until a new vendor can be selected and contracts put in place. What do you do?

Correct

Notify the project stakeholders immediately that there is a significant impact to the project. Once they have been notified, a plan forward can be developed.

 

Incorrect

 

98.  Accounting for the limited resources in the project schedule is called:

Correct

The Critical Chain Method is a schedule network analysis technique that modifies the project schedule to account for limited resources.

Incorrect

 

 

 99. You find out that a project team member has been stealing some material from the work place. You accidentally discover this and he says that he is very sorry about it, and will not repeat it again. You will:

Correct

The correct option is to inform your company's HR department. This is a disciplinary matter and the project manager needs to let the company guidelines handle the situation.

Incorrect

 

100. As part of the Develop Team process, the project manager of a project has planned for some Team Building activities. Team Building Activities should take place throughout the project life cycle, but have greater benefit when conducted:

Correct

Team Building Activities should take place throughout the project life cycle, but have greater benefit when conducted early in the project life cycle.

Incorrect

 

101. During a project status meeting, a new project manager has reported that there is a two week delay in acquiring a key resource for a task on the critical path in her project. She also states that she has built 3 weeks of float into the project schedule. What do you do?

Correct

Notify the appropriate management immediately. PMI's code of ethics requires project managers report errors and omissions they observe or commit. Failure to do so is a violation of the code.

Incorrect

 

102. A project is being done for an external customer. Which of the following is not an input to the Develop Project Charter process?

Correct

The stakeholder register is not an input to the Develop Project Charter process.

Incorrect

 

103. The term ________ indicates the degree to which a particular product or service meets requirements, while _____________ indicates a category or rank used to distinguish that item from other similar items.

Correct

Grade is a category or rank used to distinguish items that have the same functional use; Quality indicates the degree to which items have meet requirements.

Incorrect

 

104. Which of the following indicates the required cost performance in order to completed the project on budget?

Correct

The To-Complete Performance Index (TCPI) indicates the required cost performance in order to completed the project on budget.

Incorrect

 

105. Vendor selection and management and documentation of lessons learned are tasks that fall under this process area:

Correct

The Conduct Procurements process involves collecting sellers responses, seller selection and the contract award.

Incorrect

 

106. The Conduct Procurements process receives bids or proposals and applies criteria to select one or more sellers who are both qualified and acceptable as a seller. Which of the following techniques is not a valid technique for this process?

Correct

The Make-or-Buy analysis is not a valid technique in the Conduct Procurements process. All the other three choices are valid techniques.

Incorrect

 

107. A Work Breakdown Structure is a hierarchical illustration of all the work to be done in a project. A WBS component does not represent:

Correct

Upper level WBS components are decomposed into more easily managed elements, and can be process or product oriented. The lowest level of the WBS are the work packages. The project activities are obtained by further decomposing the work packages.

 

Incorrect

 

108.  Performance reporting is a tool and technique of which of the following processes?

Correct

Performance Reporting is a tool and technique of the Manage Communications Process

Incorrect

 

 

109. The business case to justify a project typically contains:

Correct

The business case for any project includes the cost benefit analysis.

Incorrect

 

110. Which of the following is not a Risk-Diagramming Technique?

Correct

Control chart is not a valid risk management technique. The rest of the choices are risk diagramming techniques.

Incorrect

 

111. The Cost of Quality principle includes:

Correct

Quality costs are the total costs incurred by investment in preventing nonconformance to requirements, appraising the product or service for conformance to requirements, and failing to meet requirements (rework).

Incorrect

 

112. The most recent analysis of Microcorp's new fabrication facility renovation shows a CPI value of less than 1.0 What does this indicate?

Correct

A CPI value of less than 1.0 indicates a cost overrun of the estimates. A CPI value greater than 1.0 indicates a cost underrun of the estimates.

Incorrect

 

113. The degree to which the amount or volume of risk than an organization will withstand is:

Correct

The degree to which the amount or volume of risk than an organization will withstand is the organization's risk tolerance.

Incorrect

 

114. Project performance measurements are used to assess the magnitude of variation from the original scope baseline. Once the degree of scope variation is known, what step is performed next?

Correct

Project performance measurements are used to assess the magnitude of variation. Important aspects of project scope control include determining the cause of variance relative to the scope baseline

Incorrect

 

115.  You are a non-technical project manager. Two highly skilled and knowledgeable resources on your project are in conflict over the best technical solution to meet a project requirement. It is not impacting the project schedule, however. Who is initially responsible for the conflict resolution?

Correct

Initially both the team members are responsible for the conflict resolution. If the conflict escalates, the project manager should help facilitate a satisfactory resolution.

Incorrect

 

116. Which of the following endeavors is unlikely to be a project?

Correct

The endeavor `Updating of an HR database` is not likely to have been a project. It is part of ongoing operations in the HR department.

Incorrect

 

117.  An issue log or action-item log is a tool that can be used to document and monitor the resolution of issues. At a minimum, the issue log should contain:

Correct

An issue log should at a minimum contain the owner name and a target resolution date. An issues should be clarified in a way that it can be resolved. Unresolved issues can be a major source of conflict and project delays.

Incorrect

 

118. The Direct and Manage Project Work process has three tools and techniques. Two of them are Expert Judgment and Meetings. What is the third one?

Correct

The three tools and techniques of the Direct and Manage Project Work process are: Expert Judgment, Project management information system, and Meetings.

Incorrect

 

 

119. Which of the following is considered an output from the Direct and Manage Project Work process?

Correct

The Direct and Manage Project Work process involves the management of the direction of the planned project activities. Work Performance Data is routinely collected as part of this process.

Incorrect

 

120.  Which type of risk analysis ranks risks for future action or analysis by evaluating their probability of occurrence and impact?

Correct

Qualitative analysis examines risks from the risk register and analyzes its probability of occurrence and the impact it would have on the project deliverables if it did occur.

Incorrect

 

121. The development of requirements in the Collect Requirements process begins with an analysis of the information contained in the _________ and _________.

Correct

Collect Requirements is the process of defining and documenting stakeholders' needs to meet project objectives. The development of requirements begins with an analysis of the information in the project charter and the stakeholder register.

Incorrect

 

122. Your most recent quality control chart shows that all data points measured fall within the control range. However, there is a group of 8 consecutive data points sitting above the mean. What do you do?

Correct

Tell the project stakeholders that there is a possible quality control issue and that you are investigating the cause. Using the rule of seven as a guideline, these data points indicate that something could be out of control.

Incorrect

 

123. Melissa is managing a hardware deployment project, and is creating a risk management plan. Which of the following would NOT be included in this plan?

Correct

Templates is not a valid response. The rest of the choices are typical components of a Risk Management Plan.

Incorrect

 

124.  A technique which enhances brainstorming with a voting process used to rank the most useful ideas so that they can be taken up for further brainstorming is:

Correct

 The nominal group technique enhances brainstorming with a voting process. This then allows the most useful ideas to be prioritized and taken up for further brainstorming.

Incorrect

 

125.  Factors that influence conflict resolution methods include EXCEPT:

Correct

The political influence of the persons should not influence the project manager facilitating a resolution. This is against the PMI Code of Ethics and Professional Conduct.

Incorrect

 

126. You are the project manager for a Fortune 100 IT company and you are currently engaged in an important project. You want to choose the best contractor for a specialized task. What should you do to evaluate potential contractors?

Correct

An input to the Conduct Procurements process, seller proposals are prepared by sellers in response to a procurement document package. These are then evaluated by the buyer to perform source selection.

Incorrect

 

127. Your have recently finished an advanced project management training course that was paid for by your project budget. Because the budget for your project is not large enough to train any other resources on the project, your manager has asked you to make copies of the course materials and distribute them to the rest of the staff. What do you do?

Correct

Refuse the request. If training the staff is a requirement, it should be adequately budgeted and scheduled. Making unauthorized copies of the intellectual property of others is unethical and may also be illegal.

Incorrect

 

128. A project manager is performing Reserve Analysis as a technique in one of the project management process that he is currently working on. Which of these is likely to be that process?

Correct

Many cost estimators include reserves (also called contingency allowances), as costs in their schedule activity cost estimates.

Incorrect

 

 

129. You are forming a virtual project team that includes members from four different countries around the world. What is NOT an obstacle that you must overcome to build an effective team?

Correct

Virtual teams share a common project goal but share little time in a traditional, face-to-face business environment.

Incorrect

 

130. Joe is attempting to calculate the average financial impact of some future uncertain scenarios. What method could he use?

Correct

Expected monetary value (EMV) analysis is a statistical concept that calculates the average outcome when the future includes scenarios that may or may not happen.

Incorrect

 

131. You took over a project from an individual who was let go. You are reading the project documentation and found the project charter was signed by five managers. What should be your primary concern at this time?

Correct

A charter should be issued, signed and updated by the project sponsor. Your immediate concern should be find a single sponsor for the project. Note though, that the sponsor can be a single person or group.

Incorrect

 

132. Bill is the project manager of a software project that is originally estimated to complete in 12 months. 2 months into the project, it is discovered that the original estimating assumptions were fundamentally flawed. The Estimate at Completion (EAC) in such a project will be:

Correct

The correct response is: EAC = AC + Bottom-up ETC. Estimate to Complete (ETC) based on a new estimate must be used because the original assumptions are fundamentally flawed.

Incorrect

 

133. How would you calculate your EAC if the ETC work will be performed at the budgeted rate?

Correct

If the remaining project work is expected to be performed at the budgeted rate, the formula for EAC is AC + (BAC - EV).

Incorrect

 

134. Skills such as empathy, influence, creativity, and group facilitation are valuable assets when managing the project team. These skills are often referred to as ______________.

Correct

Interpersonal skills, sometimes known as `soft skills` are particularly important to team development. By understanding the sentiments of project team members, anticipating their actions, acknowledging their concerns, and following up on their issues

Incorrect

 

135. The cost of running a project management office is an example of what type of cost?

Correct

Indirect costs are those costs that cannot be directly traced to a specific project. These costs are accumulated and allocated equitably over multiple projects by an approved and documented accounting procedure.

Incorrect

 

136. A project risk manager distributes anonymous questionaires to project team members to help identify risks. This is called ___________.

Correct

The Delphi Technique is a way to reach a consensus of experts. Participants indicate their ideas about the important project risks on an anonymous questionaire. The responses are summarized and are then recirculated to the experts for further comment.

Incorrect

 

137. Bill is managing a simple construction project. For this project, the stakeholder register exists, but the stakeholder management plan was not developed during the planning phase of the project. During the project execution, a big number of change requests came in and got approved. Bill now believes that a formal stakeholder management plan should be in place in order to guarantee the project's success. What must Bill do?

Correct

If a need is felt to develop the stakeholder management plan, it should be developed regardless of the stage of the project. Further, it is the duty of the project manager to develop the project plans. Bill should start the Plan Stakeholder Management

Incorrect

 

138. You have utilized 360-degree feedback techniques for your information gathering and are in the process of giving formal feedback to team members. You will be setting specific goals for employees for the remainder of the project. Which technique are you utilizing?

Correct

Project Performance Appraisal is a technique of the Manage Project Team process. In a Project Performance Appraisal, team members get feedback from project work supervisors. The supervisors can gather information from those who interact with the team.

Incorrect

 

 

139. You are a project manager who is in charge of an important project for your company. The project includes producing widgets for your customer. Data has been collected to help identify the greatest causes of defects in the overall process. Which technique should you use to determine the correlation between two variables being analyzed?

Correct

Scatter diagrams are used to determine if a correlation exists between two variables.

Incorrect

 

140. Statistical sampling involves choosing part of a population for inspection. Appropriate sampling can often ___________the cost of quality control.

Correct

Appropriate sampling can often reduce the cost of the quality control. In some application areas, it may be necessary for the project management team to be familiar with a variety of sampling techniques.

Incorrect

 

141.  You are an inexperienced project manager who has been appointed to manage a project in a matrix organization. Because of this you can expect the communication in this project to be:

Correct

Matrix organizations have don't have linear communications lines (e.g., top-down), therefore communication goes across many different `silos`.

Incorrect

 

142. Predicting future performance based on historical events is called ___________.

Correct

Trend analysis is an analytical technique that uses mathematical models to forecast future outcomes based on historical results. It is a method of determining the variance from a baseline of a parameter by using prior progress reporting periods' data

Incorrect

 

143.  A project manager is using a Risk Diagramming technique that is a graphical representation of situations showing causal influences, time ordering of events and other relationships among variables and outcomes. This would be:

Correct

A Diagramming technique that is a graphical representation of situations showing causal influences, timeordering of events and other relationships among variables and outcomes is known as an Influence Diagram.

Incorrect

 

144. A project comprises of a virtual team with team members located in different offices in the same city as well as across different cities. The project manager wishes to built trust and good working relationships. One of the best ways to do this is:

Correct

Use of team-building activities helps in building trust and establishing good working relationships. Among the other choices - encouraging the use of telephone calls can also help in building relationships, especially in distributed teams

Incorrect

 

145.  Which option is NOT representative of the inputs, tools and techniques, and outputs of the Direct and Manage Project Work process?

Correct

Validated Changes are not input, tools and technique, or output for the Direct and Manage Project Work process

Incorrect

 

146. You are the Project Manager for the production of an exotic car. You have completed the Define Scope process for your project. Which of the following may be generated through this process?

Correct

The Define Scope process will result in development of the Project Scope statement and updates to project documents such as stakeholder register, requirements documentation and the requirements traceability matrix.

Incorrect

 

147. There are 10 stakeholders in Megamart's ERP deployment project. How many potential communications channels are there?

Correct

The total number of communications channels is n(n-1)/2, where n=number of stakeholders.

Incorrect

 

148. A project team is trying to solve a moderately complex problem. The have generated data using affinity diagrams. That data possess intertwined logical relationships. Which of the following tool can help the team analyze these intertwined relationships?

Correct

The interrelationship digraphs provide a process for creative problem solving in moderately complex scenarios that possess intertwined logical relationships for up to 50 relevant items.

Incorrect

 

 

149. A team of engineers is reviewing the architecture diagram for a new ERP system being deployed at a large accounting firm. The engineers are discussing the impact of the failure of each node in the diagram on overall availability of the final product. The intent of the discussion is to minimize the likelihood of failure and the effects of any failure. What is this called?

Correct

Failure Mode and Effect Analysis is an analytical procedure in which each potential failure mode in every component of a product is analyzed to determine its effect on the reliability of that component and the reliability of the product or system

Incorrect

 

150. Which of the following documents will help trace the requirements to product design?

Correct

The requirement traceability matrix provides a structure to trace requirements to product design.

Incorrect

 

151. A key output of Plan Human Resource Management is a list of project roles and responsibilities. What should this document include?

Correct

The following items should be addressed when listing the roles and responsibilities of team members needed to complete the project: role, authority, responsibility, competency.

Incorrect

 

152. What is the best way to show, at a glance, all the work packages or project activities assigned to a specific organizational department?

Correct

The organizational breakdown structure (OBS) looks similar to the WBS, but instead of being arranged according to a breakdown of project deliverables, it is arranged according to an organization's existing departments, units, or teams.

Incorrect

 

153. As the project manager of a high-visibility project, you are in the process of Identifying risks. You are concerned that the data you collect might be biased. A technique that helps keep the bias out of the data and keeps any one person from having undue influence on the outcome is:

Correct

The Delphi technique is a way to reach a consensus of experts. Project risk experts participate in this technique anonymously. A facilitator uses a questionaire to solicit ideas about the important project risks

Incorrect

 

154. A project manager is giving a project update to the key stakeholders. During the meeting, he finds out that most of the stakeholders are busy checking and replying to their emails. Which of the following is the best action that could have eliminated this issue?

Correct

Meeting ground rules are very helpful in setting the right behavior and the right tempo for the meeting. A meeting ground rule on active listening requirements would have eliminated the issue.

Incorrect

 

155. What type of method can be used to eliminate personal bias during the process of selecting a seller?

Correct

A weighting system is a method for quantifying qualitative data to minimize the effect of personal prejudice on seller selection. This is a part of the source selection criteria.

Incorrect

 

156. In a project that was yet to begin, many of the project team members were known in advance. This is called:

Correct

This is known as pre-assignment.

Incorrect

 

157. All of the following are components of an effective change control, EXCEPT:

Correct

Variance analysis is not a tool and technique of the Perform Integrated Change Control process; the rest of the choices are valid tools and techniques of this process.

Incorrect

 

158. What similarity exists between a cost-reimbursable contract and a time and material contract?

Correct

Time and material contracts resemble cost-reimbursable type arrangements in that they are open ended.

Incorrect

 

 

159. Failure Mode and Effect Analysis (FMEA) is a non-proprietary approach to Quality Management. This is an analytical procedure in which:

Correct

Each potential failure mode in every component of a product is analyzed to determine its effect on the reliability of that component and, by itself or in combination with other possible failure modes, on the reliability of the product or system

Incorrect

 

160. A team of engineers is reviewing a scatter diagram to determine how the changes in two variables in a new type of automobile tire are related. The closer points on the diagram are to a diagonal line, _______________.

Correct

A scatter diagram shows the pattern of relationship between two variables. The closer the points are to a diagonal line, the more closely they are related

Incorrect

 

161. You are a project manager who is in charge of an important project for your company. The project is 40% complete after 3 months and has cost $350,000. The budget for the project is $950,000 and is scheduled to last 8 months. How is the project performing?

Correct

B - CPI=EV/AC

CPI=(950,00*40%)/350,000 CPI=380,000/350,000 CPI=1.09(under budget);

SPI=EV/PV

SPI=380,000/(950,00   0.375) SPI=380,000/36,250 SPI=1.07(ahead of schedule).

Incorrect

 

162.  How will an organization with a weak matrix organization structure affect the Plan Human Resource Management process?

Correct

An organization whose basic structure is a weak matrix means a relatively weaker role for the project manager

Incorrect

 

163. Lori is managing a project in a Functional organization. In this organization, she can expect to find that:

Correct

Lori will find that the Functional organization in which she is managing the project will typically lack management systems to support project needs. The absence of a project-oriented system will make it difficult for her to run the project efficiently

Incorrect

 

164. A project is contracted as a Cost-Plus-Fixed-Fee (CPFF) type of contract. The targeted cost is US$ 200,000 with a fee of US$ 30,000. If the project comes in at US$ 170,000, what would be the cost of the total contract?

Correct

In a Cost-Plus-Fixed-Fee (CPFF) type of contract, the seller is reimbursed for allowable costs and receives a fixed fee payment calculated as a percentage of the estimated project costs.

Incorrect

 

165. A project is contracted as a Cost-Plus-Incentive-Fee (CPIF) type of contract. The project is negotiated such that if the final costs are less than expected costs, the sharing formula for cost savings is 80:20. The targeted cost is US$ 500,000 with a 10% fee. If the project comes in at US$ 450,000, what would be the cost of the total contract?

Correct

In a Cost-Plus-Incentive-Fee (CPIF) type of contract, the seller is reimbursed for allowable costs for performing the contract work and receives a predetermined fee.

Incorrect

 

166. Creating a sense of community is a benefit of what type of strategy?

Correct

Co-location involves placing many or all of the most active project team members in the same physical location to improve their ability to perform as a team.

Incorrect

 

167. During the execution of a project, a need is felt to make major changes to the project stakeholder management plan. What must the project manager do first?

Correct

Any major change to the project management plan or any of its components must go through the formal change control procedure. To initiate this process, the project manager must first issue a change request.

Incorrect

 

168.  Which of the following statements about team-building activities is incorrect?

Correct

The objective of team-building activities is to help team members work together and not individually.

Incorrect

 

 

169. Which of the following is not a Tuckman's team development stage?

Correct

Confronting is not a valid choice. The Tuckman ladder's team development stages are: forming, storming, norming, performing and adjourning.

Incorrect

 

170. Stacy is producing a documentary on African wildlife. Although the project key stakeholders are very supportive of the project, Stacy believes that there are some stakeholders' concerns that might become major problems in the future. What should Stacy do?

Correct

It's the project manager's duty to manage the project stakeholders' expectations. Stacy must not wait till the concerns become a problem. Rather, she needs to treat them as project issues and immediately address them.

Incorrect

 

171. The project sponsor asks you to increase budget estimates by 25% to ensure that enough funds are budgeted for the project. What should you do?

Correct

Ask for additional information on the risks that would cause the original budget estimates to be too low. Simply increasing the project budget by 25% without identifying the underlying reasons means you are providing inaccurate information

Incorrect

 

172.  Which of the following should be done FIRST during the Project Life Cycle?

Correct

It is important to identify stakeholders, the key people and organizations that have a stake in the project, as early as possible in the Project Life Cycle so that they have a shared sense of ownership in the project and are more likely to accept the project.

Incorrect

 

173. You are the Project Manager for Wicked Fast Cars, Corp. You are working on a project for the Human Resources department that is scheduled to take one year. After three months into the project, you calculate the EV at $35,000 and the PV at $45,000. Which option below represents the value for the SV?

Correct

 SV = Earned Value (EV) - Planned Value (PV) SV = $35,000-$45,000 SV = -$10,000.

Incorrect

 

174. You are a Project Manager for Groceries R' US, a supermarket chain, and are currently working on a project to build a new outlet. The planned values (PV) for the foundation and the frame are $150,000 and $500,000. After five months, you do a performance measurement analysis. You are currently not ahead of schedule. The actual costs for the foundation and frame were $175,000 and $650,000 up to this point where 100% of the foundation is complete and only 80% of the frame is complete. Which value represents the cost performance index (CPI) to two decimal places at this point in the project?

Correct

Get the total for the actual costs by adding the $175,000 and $650,000 for the foundation and frame. The total is $825,000. Now calculate earned value. PV = 150 + 500 = 650.
EV = 100% of foundation + 80% Frame = 150 + 400 = 550. CPI = EV/ AC = 550/825 = 0.67

Incorrect

 

175. Which technique is NOT commonly used to align the timing of activities with available resources?

Correct

The critical path method is not a technique commonly used to align the timing of activities with available resources. The critical path method is a technique used to establish a rough timeline fitting the project's work activities within the deadline

Incorrect

 

176. You have been offered a position managing a project that will last 12 months. However, you know that in 6 months you will be relocating to another state for family reasons. What should you do?

Correct

Disclose your relocation plans to the hiring manager upfront. The hiring manager can then determine what sort of impact this could have on the project and if it would be appropriate to move ahead with hiring you

Incorrect

 

177. You have completed your estimates for your project and determined that it will take 10 months to complete. However, your project sponsor insists that it be completed in 9 months. How do you handle this?

Correct

Inform the sponsor you must explore other options before committing to that timeline. Changing the budget, reducing scope, or adding resources are activities that must be agreed upon by the project stakeholders before you can proceed.

Incorrect

 

178. Which of the following models describes stakeholders based on their power, urgency and legitimacy?

Correct

The Salience model describes stakeholders based on their power (ability to impose their will), urgency (need for immediate attention) and legitimacy (their involvement is appropriate).

Incorrect

 

 

179. Your project team members have just started to work together and are now adjusting their work habits and behaviors to support each other. Which stage of the Tuckman ladder has your team just entered?

Correct

During the norming stage, the project team members start to work together and adjust their work habits and behaviors to support each other.

Incorrect

 

180. A project manager had scheduled a number of training programs for his team. However, he was aware that apart from planned training, unplanned training also took place in a number of ways. Which of these is not one of the ways in which unplanned training can happen?

Correct

Scheduled training occurs as stated in the Human Resource plan and could include online, classroom, onthe-job, etc. Unplanned training takes place through conversation, observation and project performance appraisals.

Incorrect

 

181. As part of the procurement process, the procuring organization elected to have an estimate of costs prepared by an outside professional estimator. The estimator came up with an estimate of $ 500,000. However, the cost estimates prepared by prospective sellers were in the range of $ 200,000. How can this be best interpreted?

Correct

When prospective bids are significantly different from the estimates prepared by a professional estimator, it likely means that the procurement statement of work (SOW) was deficient or that the prospective sellers have misunderstood the procurement SOW.

Incorrect

 

182.  A project manager is working on the Perform Quality Assurance phase of a project. He is looking for an iterative means to improve quality and eliminate activities that don't add value. Which of the following will help him do this?

Correct

Continuous process improvement is an iterative means to improve the quality of all processes. It reduces waste and eliminates activities that don't add value. This allows processes to operate at increased levels of efficiency.

Incorrect

 

183. A project manager included contingency reserves and management reserves in the total budget of a high-risk project. He also made certain earned value measurement calculations. Which of the following is incorrect?

Correct

Contingency reserves are included in the project cost baseline.

Incorrect

 

184.  Linda is a first-time project manager and is analyzing a project schedule. She intends to apply resource leveling and has been given the following guidelines on resource leveling. Which of these four statements is incorrect?

Correct

Resource leveling is a schedule network analysis technique. It is applied to a schedule that has already been analyzed by the critical path method.

Incorrect

 

185. The Code of Ethics and Professional Conduct has as its foundation four values identified by practitioners from the global project management community. They are:

Correct

The values that practitioners from the global project management community have identified as being the most important are: responsibility, respect, fairness and honesty. These values form the foundation for the Code of Ethics and Professional Conduct

Incorrect

 

 186. Risk identification checklists are usually developed based on historical information and knowledge accumulated from previous similar projects. Which of the following statements about risk identification checklists is wrong?

Correct

A Risk Breakdown Structure (RBS) lists identified project risks hierarchically by risk category and subcategory that identifies the various areas and causes of potential risks. The lowest level in the RBS can be used as a basic risk checklist

Incorrect

 

187. Lena is managing the construction of a new office facility for her company. The project is half way through the execution. The project sponsor has asked Lena to ensure that all they key project stakeholders are still committed to the project. How can Lena assess the stakeholders' current engagement levels?

Correct

The stakeholders' current engagement levels can be determined by communicating and interacting with them.

Incorrect

 

188. A number of identified risks occurred early in a project. As a result, most of the project objectives ended up in jeopardy. The project manager decided to present a case to management that the project be closed down. This is an example of:

Correct

Risk avoidance involves changing the project management plan to eliminate the risk entirely. Although an extreme situation, entirely shutting down a project constitutes a radical avoidance strategy.

Incorrect

 

 

189. 20% of the work was completed in a project. At this stage the project manager determined that the budget at completion (BAC) was no longer viable and developed a forecasted estimate at completion (EAC). What index can the project manager use to look at the calculated projection of cost performance that must be achieved on the remaining work

Correct

The to-complete performance index (TCPI) is the calculated projection of cost performance that must be achieved on the remaining work to meet a specified goal such as the BAC or EAC. It is defined as the work remaining divided by the funds remaining

Incorrect

 

190.  A project uses rounding of activity estimates data to the nearest $100, uses staff hours as the unit of measure for resources, and has a variance threshold of 10% deviation from the baseline plan. These would be typically documented in the:

Correct

Cost management processes and their associated tools and techniques are documented in the cost management plan. These include parameters such as the level of accuracy (how much rounding), units of measure (staff hours, weeks etc.), and control threshold.

Incorrect

 

191. A project manager uses a Power / Interest grid to identify stakeholders in the project and to manage their expectations. Identify which of the following statements is wrong in the context of a Power / Interest grid.

Correct

A Power/Interest grid groups stakeholders based on their level of authority (power) and their level of concern (interest). Stakeholders with higher power and higher interest need to be managed closely and require the most attention.

Incorrect

 

192. You have just been hired by a waste management company to start a solid waste management program in an under-developed country. The project will be on a build-operate-transfer basis and have a duration of 2 years. At close of the project, the program will be run by local authorities. The project has been sponsored by the World Bank and has been awarded to a large international consortium. Your company has been subcontracted to do this project along with 2 more contractor companies. After the project scope was finalized, you developed a cost estimate of USD $5.5 million. The sponsor reviews your detailed costing sheets, and is concerned about the total cost figure. He tells you that the maximum allowable budget he can allocate for this project is USD $5 million. What should you do?

Correct

You should evaluate ways that can result in cost savings and re-estimate the project.

Incorrect

 

193. The total planned value (PV) for a project was $ 150,000. During the course of the project, the actual cost incurred turned out to be $ 275,000. What is the limit that the project manager usually imposes on the actual cost (AC)?

Correct

The actual cost will not have an upper limit. Whatever is spent to achieve the earned value will be measured.

Incorrect

 

 194. All team members have not yet been acquired for a project. However, the project manager went ahead with estimating activity durations, budgeting and other activities. What could likely happen to the activity durations?

Correct

When estimating of activity durations is done when all team members have not been acquired, it is possible that the competency levels of the newer team members will be different from that planned.

Incorrect

 

195.  The senior analyst on a project came up with Activity Duration Estimates as follows: Activity A: 10 days + a lag of 2 days; Activity B: 1 week + a lead of 3 days. The project manager who reviewed this, came up with some objections to these estimates. What would they most likely be?

Correct

Activity duration estimates are quantitative assessments of the likely work periods to complete an activity. They do not include any lag or lead information.

Incorrect

 

196. During the procurement process, a contractual relationship gets established between a buyer and a seller. During the contract lifecycle, what is the correct sequence in which the following terminology is applied to a seller? Vendor, Selected source, and Bidder.

Correct

During the contract life cycle, the seller can be viewed first as a bidder, then as a selected source, and then as the contracted supplier or vendor.

Incorrect

 

197. While sequencing activities for a project, the project management team applied certain discretionary dependencies. This was based on their knowledge of best practices within the project application area. What is the potential risk involved in using such dependencies?

Correct

Discretionary dependencies are established based on the knowledge of best practices within a specific application area. This is done to achieve a specific sequence even though there are other options. The risk is that they may create arbitrary float

Incorrect

 

198. As part of EVM, a project manager is calculating the to-complete performance index (TCPI) based on EAC.

The data that he has is: the budget at completion for the project is $ 100,000. The earned value for the project is $ 25,000. The actual costs to date are 40,000 and the estimate at completion is $ 115,000. What is the TCPI that he will obtain?

Correct

TCPI based on EAC = (BAC-EV)/(EAC-AC) = (100000 - 25000) / (115000 - 40000) = 75000/75000 = 1

Incorrect

 

 

199. In a multi-phase project, the procurement team decided to close the procurements applicable to a particular phase of the project. What happens to unresolved claims?

Correct

In multi-phase projects, although the procurements for a particular phase may have been closed, the unresolved claims are still subject to litigation after closure

Incorrect

 

200. The Budget at Completion (BAC) for a project is $50,000. The Actual Costs (AC) to date are $10,000. The Earned Value (EV) is $7,000. At this stage, the project management team did a manual bottom-up summation of costs and forecast an Estimate to Complete (ETC) of $50,000. What is the Estimate at Completion (EAC) for the project?

Correct

When a bottom-up manual forecasting has been done for the ETC, the calculation for EAC is given by: EAC = AC + bottom-up ETC Hence, EAC = 10,000 + 50,000 = $60,000. Note that the BAC is no longer viable at this stage.

Incorrect