Random CAPM 60

This quiz will submit in:






Question 1

Estimate at completion (EAC) may be computed as:




Question 2

A contractor's deliverable has been delayed 30 days. The process of determining how this event will affect the project schedule is called risk:




Question 3

Historical results used in cost estimating may include:




Question 4

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




Question 5

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




Question 6

Present value is the calculation of:




Question 7

Of the following types of cost, which is not important in making a sound financial decision to halt or continue with a project?




Question 8

In selecting from the pool for team assignments, the following characteristic(s) should be evaluated:




Question 9

What is a category or rank given to entities having the same functional use but different requirements for quality?




Question 10

A Gantt chart is useful in determining:




Question 11

The cost performance index (CPI) in earned value reporting is:




Question 12

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




Question 13

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




Question 14

Which of the following activities is usually NOT an appropriate strategy for staffing a project?




Question 15

Risk response development is intended to:




Question 16

A project's payback period ends when:




Question 17

A KEY activity in closing out a project is to:




Question 18

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 19

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




Question 20

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 21

To decrease the total project duration for the least cost is called:




Question 22

As a project manager you are responsible for maintaining and ensuring integrity of all of the following except:




Question 23

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




Question 24

As part of the quality audit, the scope statement is checked against the work results to ensure the conformance to the customer  requirements. The results should be documented and used for:




Question 25

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




Question 26

Of the following conflict management approaches, which is believed to lead to the LEAST enduring positive results?




Question 27

Of the following, which is not considered to be an accelerated depreciation method?




Question 28

The program evaluation and review technique is used for:




Question 29

During the contract close-out, the project manager needs to document the:




Question 30

Cost estimates may be expressed in:




Question 31

Effective stakeholder management includes all of the following  project elements EXCEPT:




Question 32

Fast tracking in time management is:




Question 33

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




Question 34

Scenario:

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?




Question 35

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 36

Cost estimates include all of the following resource categories except:




Question 37

Scenario:

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?




Question 38

The critical path in any schedule:




Question 39

The main difference between the two types (ADM and PDM) of the critical path method (CPM) of scheduling




Question 40

A parametric cost estimate:




Question 41

Cost control is concerned with:




Question 42

The three principle interests in maintaining good document control are:




Question 43

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




Question 44

The project schedule is not used to determine:




Question 45

Scenario:

The Great Sound company, a consumer electronics manufacturer, has adopted a project development strategy of concurrent  engineering. Marketing, engineering, and production activities will occur simultaneously.

In the above sample scenario, what is a benefit of the concurrent engineering approach?




Question 46

What is a sunk cost?




Question 47

An individual's willingness to take a risk can be determined by:




Question 48

SCENARIO : 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?




Question 49

Scenario:

A project manager is notified that one of the key personnel on his team has been hospitalized after falling down a  mountain while skiing. The project manager had not made  any contingency plans for staff absences, so his next action is to contact Human Resources to identify potential  replacements. Fortunately, a replacement is found from another project.

In the sample scenario above, what risk response strategy has been implemented?




Question 50

Collocation can mean:




Question 51

Network diagrams are good for depicting:




Question 52

Which of the following strategies will be most helpful in developing a good client relationship?




Question 53

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




Question 54

A precise description of a deliverable is called a:




Question 55

Which of the following statements would be most likely to be associated with a compromise style of conflict resolution?




Question 56

The Program Evaluation and Review Technique (PERT) method of scheduling differs from the Critical Path Method (CPM) because the PERT method:




Question 57

Which of the following techniques is used to control the project  schedule?




Question 58

A process is a series of actions to bring about a result. In a project, the five basic process groups (PG) are:




Question 59

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




Question 60

Scenario:

A project manager must decide whether to purchase a $1 5,000 tool to improve the productivity of her six person team. She guesses that the likelihood of a 10% productivity gain for the six month project duration is 50%. The probability of a 5% in productivity is also 50%. The average team member cost is  $80,000 per year.

In the sample scenario above, what is the expected monetary value of purchasing the tool?