Random CAPM 60 This quiz will submit in: Question 1Conflict resolution techniques that may be used on a project include: A. Withdrawing, compromising, controlling, and forcing. B Controlling, forcing, smoothing, and withdrawing. C. Confronting, compromising, smoothing, and directing. D. Smoothing, confronting, forcing, and withdrawing. Question 2Cost control is concerned with: A. Influencing the factors that create change to the cost baseline. B. Determining that the cost baseline has changed. C. Managing cost changes when they occur. D. All of the above Question 3A network analysis technique that allows for conditional and probabilistic treatment of logical relationships is know as: A. The work breakdown structure. B. The Gantt chart. C. Time scaled network diagramming. D. Graphical Evaluation and Review Technique (GERT). Question 4Scope change control MUST be integrated with all of the following control processes EXCEPT: A. Schedule. B. Cost. C. Procurement. D. Quality. Question 5Scenario: Susan is assigned the following project which is comprised of three tasks. These tasks are not dependent on each other and all tasks are equal priority. The effort, duration, and percentage time Susan will devote to the tasks are listed below. Susan decides to level her effort to avoid working more than eight hours per day. Task Effort Duration Time Review Background Materials 2 days 2 days 100% Interview Clients 1 day 4 days 25% Setup Project Directory I day I day 100% In the sample scenario above, what are the total number of days for this project after Susan levels her effort? A. 4 days B. 6 days C. 7 days D. 10 days Question 6Estimate at completion (EAC) may be computed as: A. Actual to date plus the remaining budget modified by the CPI. B. Actual to date plus a new estimate for the remaining work. C. Actual to date plus the remaining budget. D. All of the above Question 7In a schedule, which of the following is not an allowed logical dependency? A. FF B. SS C. SF D. None of the above Question 8Scenario: One of the items which the project manager was asked to include in his project plan was a WBS. He was told to begin by assigning cost estimates for each of the lowest level elements of the WBS and then aggregating the individual estimates. This method is considered - A. Top-down cost estimating B. Bottom-up cost estimating C. Statistical cost estimating D. Parametric cost estimating Question 9SCENARIO : In a manufacturing project the following data were collected: Total number of units 12,000 planned price per unit $.60 actual price per unit $.58 actual cost per unit $.37 planned cost per unit $.42 What is the total cost variance of the project? A. +$.05 B. - $.05 C. + $600 D. - $600 Question 10Fast tracking in time management is: A. Doing some or all activities in parallel rather than in sequence. B. Preparing progress reports on a quick turnaround basis. C. The timely input of data to calculate the critical path. D. All of the above Question 11A scope statement is important because it: A. Provides the basis for making future project decisions. B. Provides a brief summary of the project. C. Approves the project for the stakeholders. D. Provides criteria for measuring project cost. Question 12 Sally Woo is the project manager of a fixed price project nearing completion. The project has been less profitable than planned, but has not lost money. Team members worked 10- 20 hours of compensated overtime per week during the past month to complete the effort. In the above sample scenario, what is an appropriate project close-down activity? A. Ask the client to increase the price of the project to accommodate the increased costs. B. Ask team members to not charge their overtime to improve the project financial performance. C. Inform accounting that they should bill the client for additional costs. D. Conduct a lessons learned meeting Question 13Earned value can best be defined as: A. The value of the equipment that has been installed as of the data date. B. The sum of the labor costs that have been incurred on the project to date. C. A method of measuring project performance. D. A method of measuring the amount of money that has been spent to date. Question 14The critical path in any schedule: A. Is the longest path in a network diagram. B. Has the activities that must be done first. C. Contains all of the float. D. Contains only the tasks that cannot be rescheduled. Question 15Analogous estimating: A. Uses bottom up estimating techniques. B. Uses the actual costs from a previous, similar project. C. Is used most frequently in the later stages of a project D. All of the above Question 16The time phased budget that will be used to measure and monitor cost performance on a project is the: A. Spending plan. B. Cost baseline. C. WBS. D. Schedule. Question 17In which project phase do you have the GREATEST influence on project risk? A. Conceptual B. Design C. Execution D. Implementation Question 18What is an example of a product with high quality but low grade? A. Computer program with multiple errors found before acceptance testing. B. Inexpensive automobile with basic features and an excellent maintenance record C. Gourmet meal at a five-star restaurant. D. Cellular phone with outstanding features which is not affordable to the mass Question 19Scenario: A specifications document was sent to the client representative two weeks ago for review and approval. The planned due date for approval or request for revisions was yesterday, and no comments or approvals were received from the client. The client representative is aware of the due date, as he approved the project plan. In the sample scenario above, what client management strategy should the project manager use? A. Assume specifications are acceptable since the review period elapsed B. Do nothing as client reviews are usually delayed. C. Escalate the issue to the client representativeâ€Ÿs boss requesting that the client respond to the document. D. Put subsequent activities on hold and reassign staff to other projects. Question 20Earned value is: A. Percent complete. B. Budgeted cost of work performed. C. Completed work value. D. All of the above Question 21For a large, complex project ______ is best for handling cross functional project needs. A. A strong matrix organization B. A project coordinator C. A project expediter D. A functional organization Question 22If the PV (BCWS) was 80,000, the EV (BCWP) was 75,000, and the AC (ACWP) was 71,000, what is the cost performance index? A. - 0.947 B. 0.947 C. 0.937 D. 1,056 Question 23The three principle interests in maintaining good document control are: A. Timely communication, collection of performance appraisal data, assuring proper disposal of sensitive documents. B. Timely communication, maintaining proper approvals, communication cost control. C. Effective communication, ability to reconstruct why decisions were made, historical value. D. Security, change management, procedural documentation. Question 24Scenario: Joe has been assigned to a project developing a new automobile design. Joes past performance reviews indicate frequent design flaws in his work. Peter is the project manager and Samantha is the lead designer on this project. In the above sample scenario, what actions should Peter and/or Samantha take ensure that Joes work is satisfactory? A, Schedule an external audit of all designs. B. Assign design work to Joe, and highlight errors in the next designers workshop. C. Assign teams of designers to designs so one personâ€Ÿs weakness wonâ€Ÿt be reflected in the work. D. Implement frequent design reviews for all designers and require correction of flaws Question 25Human resource administration is the prime responsibility of the: A. Project management team. B. Human resources department. C. Executive manager. D. Line manager. Question 26Your project is behind schedule due to conflict between team members. Having resolved the conflict, to get the project back on schedule, you should consider: A, Crashing the schedule. B. Performing resource leveling. C. Conducting reverse resource allocation scheduling. D. Utilizing the critical chair resources. Question 27The overall duration of the project schedule is not influenced by: A. Using mandatory dependencies as constraints. B. Using discretionary dependencies as constraints. C. The availability of the resources which are assigned to perform the work. D. The capabilities of the resources which are assigned to perform the work. Question 28Two of the types of discretionary dependencies that typically have an effect on the sequencing of the activities in the schedule are those containing hard logic and those containing soft logic. An example of a soft logic dependency would be: A. Project A, the companyâ€Ÿs participation in a Pump Industry trade show, depends on the successful completion of Project B, which is building the prototype pump that is going to be displayed. B. To install the plumbing and electrical work at the same time on a single family dwelling. C. To schedule all unloading of equipment weighing in excess of 50 tons because the daily rent on the crane with that lifting capability is $10,000. D. For the shrink-wrapping on the finished box of software to depend on enclosing the manual and software first. Question 29As of the data date, your project schedule has a BCWS of 100. The BCWP, however, is 90. This tells you that your project is currently 10 percent: A. Ahead of Schedule B. Behind schedule. C. Over budget. D. Under budget. Question 30A contractor's deliverable has been delayed 30 days. The process of determining how this event will affect the project schedule is called risk: A. Identification. B. Mitigation. C. Simulation. D. Assessment. Question 31Elements of changing a project schedule include all of the following EXCEPT: A. Obtain the appropriate levels of approval. B. Submit the appropriate change requests. C. Evaluate the impact of a change to the schedule. D. Adjust the project end date to the schedule variance. Question 32Scenario: Sam Johnson is a project manager developing a new sales process for The Magic Games Company. Joe Stevens is the client representative assigned full time to the team to provide guidance regarding requirements and ongoing functional knowledge. Sam has observed that Joe spends much of each morning reading the paper, and usually takes a three hour lunch break. The other team members are starting to complain that they are not getting the information they need to develop the process. In the sample scenario above, what action should Sam take? A. Inform Joeâ€Ÿs manager that you would like a replacement for Joe. B. Meet with Joe and plan frequent milestones for Completion of his work C. Tell Joe he can no longer read the newspaper, and lunches are limited to one hour. D. Ignore the situation with Joe, and set up interviews with other client functional experts Question 33You've been engaged to manage a project. The estimated cost of the project is $1,000,000. The project sponsor has approved this amount. Your earned value calculations indicate that the project will be completed on time and under budget by $200,000. Based on this calculation, your personal profit will decrease by $2,000. Given the estimated decrease in personal profit, what action should you take? A. Invoice for the full $1,000,000 based on the contract. B. Add tasks to improve the outcome and increase the actual project cost. C. Inform the end-user that you can add features to the project in order to use the entire budget. D. Communicate the projected financial outcome to the project sponsor. Question 34If PV (BCWS) = 100, EV (BCWP) = 98, and AC (ACWP) = 104, the project is: A. Ahead of schedule. B. Headed for a cost overrun. C. Doing fine business. D. a and b Question 35Scenario Project justification and background Scope and objectives of the project Organizational relationships and responsibilities Description of project managersâ€Ÿ authority Resources availability High level project schedule and costs Major milestones Management approval What project document may contain a table of contents similar to the sample list above? A. Project Quality Plan B. Contract Terms and Conditions C. Project Requirements Specifications D. Project Charter Question 36Scenario: Company XYZ has a fixed price contract to produce 10,000 widgets for a price of $100,000. An invoice will not be generated until all widgets are completed. The budgeted cost of manufacturing the widgets is $9 per widget. All widgets were to be completed by today. Unfortunately, the project is behind schedule, and only 9,000 widgets have been completed. Actual manufacturing costs to date are $90,000. In the above scenario, what is the earned value as of today? A. $0 B. $81,000 C. $85,000 D. $90,000 Question 37A project coordinator may typically be found in a environment. A. Projectized B. Strong matrix C. Weak matrix D. a and b Question 38Scenario : Sam is going to start a report writing task on Monday and finish the task the following Friday. Sam will work on the report for two hours each day. In the sample above, what Is the duration of this task? A. 2 hours B. 10 hours C. 4 days D. 5 days Question 39Scenario: A project manager loads tasks, effort estimates, assignments, and task dependencies into project planning software. The resulting plan has many tasks starting on Day 1 of the project that are assigned to Susan Jones. These tasks have no functional dependencies (i.e., they are not required to be completed in any particular order.) The plan shows that Susan will be working 15 hours per day What should the project manager do first in responding to the above scenario? A. Call the software technical support line to find out why the software assigned multiple tasks to the same day. B. Reassign some of the tasks to another team member. C. Use the software leveling function to attempt to balance Susan's workload D. Ask Susan if overtime is acceptable and, if so, submit an overtime authorization. Question 40A generally accepted method to confirm accuracy of task progress is through: A. Earned value. B. Probability vs. outcome. C. Maximum ceiling. D. Work breakdown structure. Question 41Cost estimates include all of the following resource categories except: A. Labor B. Materials. C. Inflation allowances. D. None of the above Question 42Scenario The Excel Company has decided to allocate all overhead costs to projects based on the number of employees assigned to the project. Part time assignments will be prorated. The company currently has an annualized overhead cost of $1 million and there are 500 employees involved in projects. In the sample scenario above, if a project has 50 full time employees assigned for six months, what is the overhead cost the project must bear? A. $50.000 B. $100,000 C. $200,000 D. Costs of salaries plus direct expenses for 50 employees Question 43Analogous estimating: A. Is a top down estimating method. B. Compares individual work packages to previously done work packages and then summarizes them. C. Compares this estimate to similar projects that have been estimated. D. a and c Question 44Scenario Judy is remodeling her kitchen. When her cabinets are completed the counter tops can be installed. In the sample scenario above, what type of dependency exists between cabinet completion and counter top installation? A. Finish to finish B. Finish to start .. C. Start to finish D. Start to Start Question 45Project cost management includes all of the following functions except: A. Resource planning. B. Resource leveling. C. Cost estimating. D. Cost budgeting. Question 46The main difference between the two types (ADM and PDM) of the critical path method (CPM) of scheduling A. Placement of the activity on the logic diagram line B. Arrow diagramming method (ADM)â€”a deterministic method whereas the precedence diagramming method (PDM) is a probabilistic method C. Precedence diagramming method (PDM) is deterministic method whereas the arrow diagramming method (ADM) is a probabilistic method D. Precedence diagramming method (PDM) is a more accurate method Question 47Risk response development is intended to: A. Create steps to identify project risks. B. Formulate strategies for dealing with adverse events. C. Construct a list of previous project risks. D. Develop measurements to quantify project risks. Question 48Configuration management is a technique for: A. Integrated change control. B. Project plan execution. C. Scope planning. D. Risk quantification. Question 49A project's payback period ends when: A. Profit maximum is realized. B. Unit profit is realized. C. Monthly revenue exceeds monthly costs. D. Cumulative revenue equals cumulative costs. Question 50You've been engaged to manage a project. The estimated cost of the project is $1,000,000. The project sponsor has approved this amount. Your earned value calculations indicate that the project will be completed on time and under budget by $200,000. Based on this calculation, your personal profit will decrease by $2,000. At the completion of this project, the project manager will document and archive all project information. This information may be used for future projects in all areas EXCEPT: A. Estimating duration. B. Administering contracts. C. Resolving conflicts D. Allocating resources. Question 51You are the project manager and responsible for quality audit. You have been accused for being a fanatic because of your practice of conducting not one, but multiple, quality audit on a project. Which one of the following types of audits is not an example of a quality audit? A. Internal B. Scope C. Baseline D. System Question 52Of the following types of cost, which is not important in making a sound financial decision to halt or continue with a project? A. Opportunity cost B. Sunk cost C. Indirect cost D. Direct cost Question 53Colocation is : A. Where all team members are brought together in one location. B. Between a weak matrix and a strong matrix. C. Where functional managers operate in a dual reporting structure reporting to both their own departments and to the project manager. D. A and B. Question 54If the PV (BCWS) was 80,000, the EV (BCWP) was 75,000, and the AC (ACWP) was 71,000, what is the cost variance? A. -4000 B. 4000 C. 5000 D. -5000 Question 55Effective stakeholder management includes all of the following project elements EXCEPT: A. Clear requirements definition. B. Scope change control. C. Timely status information. D. Frequent cost reports. Question 56What is a common complaint of project manager regarding their project sponsors? A. Sponsors are not involved enough in the project B. Sponsors wait until near the end of the project to set completion date C. Sponsorsâ€Ÿ quality standards are excessive D. Sponsors do not have adequate technical knowledge to perform acceptance testing Question 57Constructive team roles include: A. Encourager, initiator, and gatekeeper. B. Information giver, devil's advocate, and clarifier. C. Withdrawer, harmonizer, and blocker. D. Summarizer, recognition seeker, and information seeker. Question 58Which of the following statements would be most likely to be associated with a compromise style of conflict resolution? A. â€œLetâ€Ÿs table this issue and revisit it at the next meeting after we have had time to study the impacts and have developed a point paper in response to the issue.â€ B. â€œThe design will be modified to meet the companyâ€Ÿs quality standards, but we will not satisfy all user requests.â€ C. â€œSusan and John have both raised valid points which can be incorporated into the design.â€ D. â€œWhat do we need to do to solve this problem?â€ Question 59The time phased budget that reflects the actual expenditures rather than the consumption of a resource that will be used to measure and monitor cost performance on a project is the: A. Spending plan. B. Cost baseline. C. WBS. D. Schedule. Question 60When it appears that a design error will interfere with meeting technical performance objectives, the PREFERRED response is to: A. Decrease the performance value to equal the assessed value. B. Develop alternative solutions to the problem. C. Increase the specified value to set a new performance goal. D. Reduce the overall technical complexity of the project.