Random CAPM 60 This quiz will submit in: Question 1Scenario 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 2The 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 3How many hours in a work week does a typical manager spend in the act of communicating? A. Twenty B. Twenty-five C. Thirty D. Thirty-five Question 4Project cost management includes all of the following functions except: A. Resource planning. B. Resource leveling. C. Cost estimating. D. Cost budgeting. Question 5If the PV (BCWS) was 80,000, the EV (BCWP) was 75,000, and the AC (ACWP) was 71,000, what is the schedule variance? A.-4000 B. 4000 C. 5000 D. -5000 Question 6A 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: A. Activities starting earlier than scheduled. B. Activities starting later than scheduled. C. Activities that vary from the plan, whether late or early. D. Activities only on the critical path. Question 7Scope change control MUST be integrated with all of the following control processes EXCEPT: A. Schedule. B. Cost. C. Procurement. D. Quality. Question 8Scenario: 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 9The measure used to forecast project cost at completion is: A. EAC B. SPI. C. BCWP. D. ACWP. Question 10Scenario: A general contractor has been asked to provide an estimated cost for a project to build a four bedroom colonial. The contractor has recently built similar houses in the selected neighborhood. The potential buyers would like a ballpark estimate before they 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 11During the sixth monthly update on a ten-month, $30,000 project, the analysis shows that the PV (BCWS) is $20,000 and the AC (ACWP) is $10,000. The EV (BCWP) is also determined to be $15,000. What can be determined by these figures? A. Less has been accomplished than was planned. B. Less has been spent than planned. C. The project will probably be completed behind schedule but under-budget. D. All of the above Question 12Scenario: A Guide to the Project Management Body of Knowledge defines a risk symptom as an indirect manifestation of an actual risk event. Using the sample definition above, which of the following conditions are risk symptoms A. The lead programmer may not have sufficient skills to develop the more complex parts of the system. B. Poor team morale C. Rain may delay the pouring of the foundation of a new house. D. A possibility exists that the main user will be transferred, leading to the risk of new requirements Question 13During 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 14A Gantt chart is useful in determining: A. The level of effort of a task. B. When a task starts and stops. C. How tasks are related to each other. D. Who is assigned to do a task. Question 15Scenario 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 16If 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 17What 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 18The 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 19Of the following four major processes contained in project cost management, which of the following choices would be concerned with the cost baseline? A. Resource planning and cost estimating B. Cost estimating and cost budgeting. C. Cost budgeting and cost control. D. Resource planning and cost control. Question 20A KEY activity in closing out a project is to: A. Disseminate status reports and risk assessments. B. Disseminate information to formalize project completion. C. Monitor the specific project results to determine if they comply with relevant quality standards. D. Transfer all the project records to the project owners. Question 21Scenario 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 22Of 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 23For 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 24Of the following conflict management approaches, which is believed to lead to the LEAST enduring positive results? A. Problem solving B. Avoidance C. Compromise D. Forcing Question 25Scenario: 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? A. Acceptance B. Avoidance C. Workaround D. Staff Planning Question 26Most project managers spend about _________ of their work time engaged is some form of communications. A. 30 percent B. 50 percent C. 70 percent D. 90 percent Question 27In network diagramming, a loop means A. A network path that passes the same node twice. B. All paths meet at the last activity in the diagram. C. Several activities are repeated in sequence. D. All of the above. Question 28The 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 29Analogous 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 30During 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 31When assigning tasks to team members, which of the following strategies are appropriate? A. If company employees routinely work overtime, assign tasks to fill the average overtime hours. B. Assign tasks to only one Individual whenever possible to promote accountability. C. Complete the assignments before discussing them with the team members to avoid competition for most desirable tasks. D. Assign multiple sources to tasks to ensure backups are available in case of illness or other absence Question 32Configuration management is any documented procedure used to apply technical administrative direction and 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 33Complex projects, involving cross-disciplinary efforts, are MOST effectively managed by: A. Multiple lead project managers. B. A functional organization. C. A strong matrix organization. D. A strong traditional manager. Question 34Scenario The East Coast division invests $50,000 in a project that generates a return of $56,000 in a year. They could have invested in another project which would have generated a return of $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 35A 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 36Colocation 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 37In which project phase do you have the GREATEST influence on project risk? A. Conceptual B. Design C. Execution D. Implementation Question 38The cost performance index (CPI) in earned value reporting is: A. Budgeted cost of work scheduled divided by actual cost of work performed. B. Actual cost of work performed divided by budgeted cost of work scheduled. C. Budgeted cost of work performed divided by actual cost of work performed. D. Actual cost of work performed divided by budgeted cost of work performed. Question 39You'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 40Scenario: 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 41Conflict 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 42Communication is the prime responsibility of a project: A. Expediter. B. Coordinator. C. Manager in a weak matrix environment. D. Manager in a strong matrix environment. Question 43Which of the following is not a function of cost control? A. Informing the appropriate project stakeholders of authorized changes in the cost baseline. B. Monitoring cost performance to detect variances from the cost baseline. C. Ensuring that all appropriate changes are recorded accurately in the cost baseline. D. Allocating the overall estimates to individual work packages in order to establish a cost baseline. Question 44Scenario: A Project manager reads that a vendor he intended to use for a project has declared bankruptcy. He decides that the risk of the vendor going out of business before the end of the project is significant, and decide to use another vendor. In the sample scenario above, what risk strategy is the project manager using in managing the risk of the initial vendor going out of business ? A. transfer B. Assumption C. Avoidance D. Acceptance Question 45Which of the following activities is usually NOT an appropriate strategy for staffing a project? A. Running an advertisement in the trade press or local newspapers B. Notifying the Human Resources organization that one or more positions are available. C. Hiring staff from the clientâ€Ÿs organization D. Posting a job description on an online bulletin board. Question 46Scenario: 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? A. Mitigation---Set up a parallel implementation in a different city B. Acceptance -- the probability is too low to warrant action. C. Insurance -- buy an insurance policy which compensates the company if there is an ice storm. D. Avoidance -- move the implementation work to a site which is in a warm climate with no chance of an ice storm. Question 47Scenario: 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? A. $0 B. $3,000 C. $18000 D. $36,000 Question 48A project was estimated to cost $1.5 million and scheduled to last six months. After three months, the earnedÂ value analysis shows the following: BCWP = $650,000 BCWS = $750,000 ACWP = $800,000 What are the schedule and cost variances? A. SV= +$100,000 / CV= +$150,000 B. SV= +$150,000 / CV= -$100,000 C. SV= -$50,000 / CV= +$150,000 D. SV= -$100,000 / CV= -$150,000 Question 49You are building a water treatment facility. Routine tests reveal that there are contaminants in the water but that they have an extremely low risk for causing any sickness. As the project manager, you should: A. Inform the public that a detailed examination has been ordered to determine the extent to which the problem exists. B. Do nothing because there is extremely low risk for sickness except for some effects on small children and the elderly. C. Tell the public there is no problem, except for small children and the elderly who need to boil the water before drinking. D. Educate the public about the advances on water treatment technology and the industry efficiency and safety record. Question 50Scenario: 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? A. Inform the team members that delays will be a negative influence on their performance evaluations. B. Limit the functionality of the CD ROM player to encourage earlier completion. C. Post the project schedule on the team bulletin board and highlight the design completion date. D. Schedule several design reviews at interim milestones with a final review at the end of the design phase Question 51Analogous estimating is also called: A. Bottom up estimating. B. Top down estimating. C. Multiple duration estimating. D. None of the above Question 52Scenario 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. A. $10,000 B. $5,000 C. $0 D. $-5 Question 53What 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 54Pareto analysis, cause and effect, and flow charts are all tools used in quality: A. Control. B. Benchmarking. C. Planning. D. Verification. Question 55Resource leveling of a project schedule: A. Will generally increase the project completion date. B. Will always increase cost. C. Will generally decrease the project completion date. D. Will reduce overtime. Question 56Examples of team building activities include: A. Establishing ground rules for dealing with conflict. B. Regular progress reviews. C. Periodic social events for team members. D. All of the above Question 57Five tasks are sequentially dependent on one another and each has one day of slack. As of today, tasks one and two have been completed on schedule, How many days of slack remain in the schedule? A. Five B. Four C. Three D. Two Question 58Historical results used in cost estimating may include: A. Project team knowledge. B. Project files. C. Commercial cost estimating databases. D. All of the above Question 59If 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 60A likely result of using "compromise" to resolve a two-party conflict is: A. Lose-lose. B. Win-lose. C. Win-win. D. Lose-win.