Random CAPM 60 This quiz will submit in: Question 1Ideally, communication between the project manager and the project team members should take place: A. Via daily status reports. B Through approved documented forms. C. By written and oral communication. D. Through the formal chain of command. Question 2Effective stakeholder management includes all of the followingÂ project elements EXCEPT: A. Clear requirements definition. B. Scope change control. C. Timely status information. D. Frequent cost reports. Question 3Estimators for a project report that the most optimistic time they feel that a task can be completed is fiveÂ days, the longest that they feel the task will take is fifteen days, the most likely time the task will take is ten days, theÂ average time for completing the task, based on past experienceÂ is eight days. Using the PERT concept, calculate theÂ expected duration of the task. A. Ten days B. Eight and one-half days C. Eight days D. Eleven days Question 4The Program Evaluation and Review Technique (PERT) method of scheduling differs from the Critical PathÂ Method (CPM) because the PERT method: A. Uses weighted averages of activity duration to calculate project duration B. Uses â€œdummyâ€ activities to represent logic ties C. Uses â€œfree floatâ€Ÿâ€Ÿ instead of â€œtotal floatâ€Ÿâ€Ÿ in the schedule calculations D. Uses bar charts instead of logic diagrams to portray the schedule Question 5The objective of fast tracking a project is to: A Increase productivity. B. Reduce project duration. C. Increase schedule tracking controls. D. Reduce project risks. Question 6All of the following assist in determining the impact of a scope change EXCEPT: A. Project charter. B. Baseline. C. Performance measurement. D. Milestones. Question 7Human resource administration is the prime responsibility of the: A. Project management team. B. Human resources department. C. Executive manager. D. Line manager. Question 8Resource planning must include consideration of the use of: A. Contractors, equipment, materials. B. People, computers, equipment. C. People, equipment, materials. D. Contractors, computers, raw materials. Question 9Which of the following strategies reflect good stakeholder management? A. Limit the distribution of status reports to minimize discussion of project issues. B. Assume differences of opinion among stakeholders will be resolved by the procurement office. C. Limit the number of personnel on the stakeholder list to simplify acceptance testing. D. Interview stakeholders to determine their expectations for the project Question 10An individual's willingness to take a risk can be determined by: A. Decision tree modeling. B. Monte Carlo method. C. Sensitivity analysis. D. Utility function. Question 11Constructive 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 12During the project scope planning process, the work breakdown structure should be developed to: A. The sub-project level. B. The level determined by the project office. C. A level allowing for adequate estimates. D. The cost center level. Question 13For 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 14The decomposition process is a technique used to construct a: A. Precedence network. B. Critical Path Method Diagram. C. Variance analysis. D. Work breakdown structure. Question 15What is a category or rank given to entities having the same functional use but different requirements forÂ quality? A. Grade B. Litmus C. Title D. Certification Question 16A parametric cost estimate: A. Is a very detailed cost estimate. B. Is a top down estimating technique. C. Is a statistical estimating technique. D. B and C. Question 17Collocation can mean: A. All team members are moved to a central physical location for the life of the project. B. Most team members are moved to a central physical location for the life of the project. C. A war room is established where team members can meet periodically. D. All of the above Question 18Reviewing work products and results to ensure that all wereÂ completed satisfactorily and formally acceptedÂ is part of: A. Risk management. B. Quality control. C. Change control management. D. Scope validation. Question 19To decrease the total project duration for the least cost is called: A. Duration compression. B. Crashing. C. Program evaluation and review technique. D. ADM or PDM forward and backward pass to determine the critical path. Question 20SCENARIO : 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 21â€œEarned valueâ€ 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 22The 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 23Parametric cost estimating involves: A. Using the work breakdown structure as the basis for estimating. B. Defining the parameters of the project life cycle. C. Calculating individual cost estimates for each work package. D. Using rates and factors based on historical experience to estimate costs. Question 24Present value is the calculation of: A. The total value of the project cost as of today. B. The value to us, today, of future cash flows. C. The rate of return on an investment. D. The sum of all cash inflows and outflows as of today. Question 25In the sample scenario above, what type of communications report may best communicate the staff loading A. Weekly status report B. Histogram C. Responsibility matrix D. S-curve Question 26The schedule should be â€œre-baselinedâ€Â when: A. A sequence of activities has taken longer than originally planned. B. The scope has been increased by the client, with an associated approval of the increase. C. The productivity within a certain discipline has been higher than originally planned. D. A high-duration activity has been accomplished â€žout of sequence.â€ Question 27Scenario: A specifications document was sent to the client representative two weeks ago for review and approval. TheÂ planned due date for approval or request for revisions was yesterday, and no comments or approvals were received fromÂ 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 28During the contract close-out, the project manager needs to document the: A. Formal acceptance. B. Statement of work. C. Payment schedule. D. Change control procedure. Question 29Scenario The East Coast division invests $50,000 in a project thatÂ generates a return of $56,000 in a year. They couldÂ have invested in another project which would have generated a return ofÂ $60,000. By investing in the first project they have effectively lost $4,000. This is considered - A. Investment costs B. Opportunity costs C. Cost curves D. Overhead costs Question 30Scenario: ActivityÂ Â Â Â Â Â DurationÂ Â Â Â Â Â Â Predecessor AÂ Â Â Â Â Â Â Â Â Â Â Â Â 5Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â - BÂ Â Â Â Â Â Â Â Â Â Â Â Â 10Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â A CÂ Â Â Â Â Â Â Â Â Â Â Â Â Â 5Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â A DÂ Â Â Â Â Â Â Â Â Â Â Â Â 15Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â B EÂ Â Â Â Â Â Â Â Â Â Â Â Â 10Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â B FÂ Â Â Â Â Â Â Â Â Â Â Â Â Â 5Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â C GÂ Â Â Â Â Â Â Â Â Â Â Â Â Â 5Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â F HÂ Â Â Â Â Â Â Â Â Â Â Â Â 10Â Â Â Â Â Â Â Â Â Â Â Â Â D,E,G If all activities will be on schedule, what is the maximum delay of activities E that will not affect the totalÂ project schedule? A. 5 B. 6 C. 0 D. 1 Question 31Mandatory prerequisite(s) for team building is (are): A. Commitment from top level management. B. Collocation of team members. C. Open discussion of poor individual performance. D. All of the above Question 32The subprocesses of a project are linked by one subprocess providing an output that feeds one or moreÂ subprocesses as an input. Thus, subprocessÂ are defined by PMI asÂ having an input,________,, and an output. A. Resolution and action B. Formatting and creation C. Tools and techniques D. Process integration Question 33Characteristics of a good project manager include all of the following except : A. Ability to perform technical activities B. Ability to identify company goals C. Ability to assess the project environment D. Ability to provide project funding Question 34Life cycle costing: A. Is a method of including all of the costs associated with the project over its entire life. B. Is a federal government accounting method. C. Is a method of predicting the life of a project. D. Is a method of evaluating projects when they are complete. Question 35A project management professional can compare earned value performance data to all of the followingÂ project management tools EXCEPT: A. Critical path analysis. B. Technical performance metrics. C. Risk mitigation plans. D. Forecasted final costs and schedule estimates. Question 36The earned value report EV (BCWP) at the end of the project: A. Equals the PV (BCWS). B. Equals the EAC. C. Is always greater than the AC (ACWP). D. a and b. Question 37A network analysis technique that allows for conditional and probabilisticÂ treatment of logical relationships isÂ know as: A. The work breakdown structure. B. The Gantt chart. C. Time scaled network diagramming. D. Graphical Evaluation and Review Technique (GERT). Question 38Elements 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 39Planning a project is a process that develops products such as a schedule. This process produces theÂ following for a schedule: A. Activity definition, activity sequencing, activity execution, and activity duration. B. Activity definition, activity sequencing, and activity duration estimating. C. Activity identification, activity execution, and activity results. D. Activity identification, activity sequencing, activity connection, and activity duration. Question 40If the PV (BCWS) was 80,000, the EV (BCWP) was 75,000, and the AC (ACWP) was 71,000, what is theÂ cost variance? A. -4000 B. 4000 C. 5000 D. -5000 Question 41Network diagrams are good for depicting: A. Slack time. B. Schedule start and finish dates. C. Plan versus actual schedule. D. Task dependencies. Question 42Risk 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 43The â€œprecedence diagramming methodâ€ provides project managers with knowledge of: A. All levels of the work breakdown structure. B. Tasks likely to be involved in the project integration and resource allocation functions. C. A graphical representation of the task interdependencies. D. What the project completion date is. Question 44An important part of the staffing plan addresses how personnel will be released when no longer needed onÂ the project. This is important becauseÂ it: A. Reduces costs. B. Improves morale. C. Aids in staffing the next project. D. All of the above Question 45Analogous 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 46Which of the following are considered to be milestones? A. Project completion date B. Contract date C. Key event completion date D. All of the above Question 47Cost estimates may be expressed in: A. Units of currency. B. Staff hours. C. Staff days. D. All of the above Question 48What 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 49A 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 50As of the data date, your project schedule has a BCWS of 100. The BCWP, however, isÂ 90. This tells youÂ that your project is currently 10 percent: A. Ahead of Schedule B. Behind schedule. C. Over budget. D. Under budget. Question 51You've been engaged to manage a project. The estimated cost of the project is $1,000,000. The projectÂ sponsor has approved this amount. Your earned value calculations indicate that the project will be completed on time andÂ 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 52Which of the following strategies will be most helpful in developing a good client relationship? A. Avoid documentation of issues which may irritate the client. B. Involve the client as much as possible In the project activities C. Communicate with the client through the procurement office to avoid legal entanglements. D. Advise team members to communicate with members of the client organization during scheduled meetings rather than Informally. Question 53Scenario Company XYZ has a fixed price contract to produce 10,000 widgets for a price of $100,000. An invoice will notÂ be generated until all widgets are completed. The budgeted cost of manufacturing the widgets is $9 per widget. AllÂ widgets were to be completed by today. Unfortunately, the project is behind schedule, and only 9,000 widgets have beenÂ completed. Actual manufacturing costs to date are $90,000. The project manager must report an updated profit lossÂ projection. In the above scenario, what is the updated profit/loss projection?.Losses are projected as a negative number. A. $10,000 B. $5,000 C. $0 D. $-5 Question 54A process is a series of actions to bring about a result. In a project, the five basic process groups (PG) are: A. Planning, checking, directing, monitoring, and recording. B. Initiating, planning, executing, controlling, and closing. C. Planning, executing, monitoring, redirecting, and closing. D. Planning, executing, directing, closing, and delivering. Question 55Earned value is: A. Percent complete. B. Budgeted cost of work performed. C. Completed work value. D. All of the above Question 56A KEY activity for achieving customer satisfaction is to define: A. The business use. B. Requirements. C. Product specificity. D. Change control. Question 57Configuration management is any documented procedure used to apply technical administrative direction andÂ surveillance to: A. Control cost increases. B. Identify and correct problems arising in functional areas of project implementation. C. Identify and document characteristics of a product or service D. Test new systems against. Question 58Estimate 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 59Scenario: A general contractor has been asked to provide an estimated cost for a project to build a four bedroomÂ colonial. The contractor hasÂ recently built similar houses in the selected neighborhood. TheÂ potential buyers would like aÂ â€œballparkâ€Ÿ estimate before theyÂ proceed with detailed planning. In the sample scenario above, what estimating method is the general contractor most likely to use? A. Analogous estimating method B. PERT method C. Parametric modeling method D. Bottom-up estimating method Question 60Which of the following choices would indicate that your project was 10 percent under budget? A. The PV (BCWS) was 100, and the EV (BCWP) was 110. B. The AC (ACWP) was 100, and the EV (BCWP) was 110. C. The PV (BCWS) was 100, and the AC (ACWP) was 110. D. The AC (ACWP) was 110, and the EV (BCWP) was 100.