Random CAPM 60

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Question 1

One way that the graphical evaluation and review technique (GERT) differs from the program evaluation and review technique (PERT) is that it:



Question 2

Scenario:

The Great Sound company uses a project development strategy of concurrent engineering. Susan Johnson is managing a project to develop a new small CD ROM player designed for joggers. Susan has noted that previous projects have experienced delays in getting products out of the design phase into production because the engineers and the marketing department keep changing/improving the design.

In the above sample scenario, what strategy should Susan use to keep the project on schedule?



Question 3

“Earned value” can best be defined as:



Question 4

Mandatory prerequisite(s) for team building is (are):



Question 5

In the sample scenario above, what type of communications report may best communicate the staff loading



Question 6

The overall duration of the project schedule is not influenced by:



Question 7

Your project is behind schedule due to conflict between team members. Having resolved the conflict, to get the project back on schedule, you should consider:



Question 8

Configuration management is any documented procedure used to apply technical administrative direction and surveillance to:



Question 9

Of the following four major processes contained in project cost management, which of the following choices would be concerned with the cost baseline?



Question 10

A parametric cost estimate:



Question 11

All of the following assist in determining the impact of a scope change EXCEPT:



Question 12

A likely result of using "compromise" to resolve a two-party conflict is:



Question 13

The project schedule is not used to determine:



Question 14

A controlling process is necessary in project management to ensure planned actions are executed and measured for progress. The controlling process for the schedule typically will focus on:



Question 15

Elements of changing a project schedule include all of the following EXCEPT:



Question 16

A network analysis technique that allows for conditional and probabilistic treatment of logical relationships is know as:



Question 17

The schedule should be “re-baselined” when:



Question 18

Communication is the prime responsibility of a project:



Question 19

Scenario

A contractor estimates that completion of a house will take six months. After further questioning, he estimates that, worst case, the house completion will require 11 months, and best case, five  months.

In the sample scenario above, what is the standard deviation of the house completion?



Question 20

Fast tracking in time management is:



Question 21

A KEY activity in closing out a project is to:



Question 22

A method that is used to evaluate projects based on a comparison of their income and monies expended is:



Question 23

Present value is the calculation of:



Question 24

Configuration management is a technique for:



Question 25

Estimate at completion (EAC) may be computed as:



Question 26

A KEY activity for achieving customer satisfaction is to define:



Question 27

In which project phase do you have the GREATEST influence on project risk?



Question 28

Due to cuts in funding, your project has been terminated. The scope verification process:



Question 29

A project's payback period ends when:



Question 30

Scenario:

Joe has been assigned to a project developing a new automobile design. Joe‟s 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 Joe‟s work is satisfactory?



Question 31

Scenario

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?



Question 32

A project management professional can compare earned value performance data to all of the following project management tools EXCEPT:



Question 33

What is a sunk cost?



Question 34

The project schedule is useful in the generation of many important documents during the lifespan of the project. Of the following, which is/are not generated by the schedule?



Question 35

Scenario :

The Delphi technique is a risk identification method used by project  managers to poll expert advice.

In the above sample scenario, what is a key characteristic of the Delphi technique ?



Question 36

Earned value is:



Question 37

Scenario :

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?



Question 38

Scenario

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. The project manager must report an updated profit loss projection.

In the above scenario, what is the updated profit/loss projection?.Losses are projected as a negative number.



Question 39

Scenario:

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 cost variance?



Question 40

Which of the following is not a necessary input to cost budgeting?



Question 41

Planning a project is a process that develops products such as a schedule. This process produces the following for a schedule:



Question 42

The 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:



Question 43

Analogous estimating is also called:



Question 44

The MAJOR processes for project integration management are:



Question 45

A task was scheduled to be done with a duration of three weeks using two persons. The task was completed in four weeks using one person. What is the cost variance?



Question 46

Scenario:

A construction manager is estimating the amount of time to frame a house. The optimistic estimate is five days, the pessimistic  estimate is 17 days, and the realistic estimate is eight days.

In the sample scenario above, what estimate would the construction manager use if she is using the PERT based estimating method?



Question 47

To effectively manage communications within the project team, the project manager should:



Question 48

The purpose of a dummy activity in activity-on-arrow diagramming is to:



Question 49

Which of the following choices would be an acceptable cause for rebaselining” a $10 million project?



Question 50

The earned value report EV (BCWP) at the end of the project:



Question 51

An order of magnitude estimate should give the manager an approximate accuracy of:



Question 52

If the PV (BCWS) was 80,000, the EV (BCWP) was 75,000, and the AC (ACWP) was 71,000, what is the cost variance?



Question 53

When it appears that a design error will interfere with meeting  technical performance objectives, the PREFERRED response is to:



Question 54

Scenario:

A project manager realizes that there is an unlikely, but possible,  risk that an ice storm could delay the arrival of staff for the implementation weekend. Once in the past ten years, the area  has been hit with an ice storm.

Which of the following risk mitigation strategies is most appropriate given the scenario above?



Question 55

Reviewing work products and results to ensure that all were  completed satisfactorily and formally accepted is part of:



Question 56

In the estimating process, as the accuracy of the estimate increases:



Question 57

Scenario:

A project manager has been assigned a project in progress because the original project manager resigned. In looking at the project plan, it is clear that the implementation currently scheduled for two weeks from today will not be met, as major pieces of the project are still under development. An E-mail received from the client indicates that he is unaware of the pending delay, as he is requesting confirmation of the travel schedules for the users coming in for training on the to be implemented system. The project manager‟s supervisor

In the above sample scenario, what is the FIRST action the project manager should perform?



Question 58

The disorientation experienced by people who suddenly find themselves living and working in a different environment is known as:



Question 59

Analogous estimating:



Question 60

If the PV (BCWS) was 80,000, the EV (BCWP) was 75,000, and the AC (ACWP) was 71,000, what is the schedule variance?