Random CAPM 60

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Question 1

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 2

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?




Question 3

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




Question 4

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




Question 5

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




Question 6

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




Question 7

During the project scope planning process, the work breakdown structure should be developed to:




Question 8

The “program evaluation and review technique” is used for:




Question 9

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 10

In which activity or activities, the delay will definitely delaying project schedule?




Question 11

Which of the following strategies reflect good stakeholder management?




Question 12

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




Question 13

When assigning tasks to team members, which of the following strategies are appropriate?




Question 14

A Gantt chart is useful in determining:




Question 15

A parametric cost estimate:




Question 16

A project schedule completion date will change if:




Question 17

Which of the following are frequently used tools in procurement  planning?




Question 18

A communication plan:




Question 19

Which of the following choices would indicate that your project was 10 percent under budget?




Question 20

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




Question 21

You have just taken control of a project in the middle of execution and need to learn who has approval authority for revisions in scope.  Which document provides this information?




Question 22

The objective of fast tracking a project is to:




Question 23

Risk response development is intended to:




Question 24

A “tight matrix” is an organizational option:




Question 25

Which of the following is not a function of cost control?




Question 26

Two 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.” A example of a “soft logic” dependency would be:




Question 27

The free float of activity F is




Question 28

A precise description of a deliverable is called a:




Question 29

The project manager is critical to project communication because:




Question 30

Cost estimates may be expressed in:




Question 31

What is a common complaint regarding iterative development methodologies, e.g., building a system through cyclical iterations?




Question 32

Scenario :

You are managing the development of highly controversial project. Today you called a team meeting and explained the project objectives to the team and several members stood up  and left citing philosophical objections to the project. You  chased them down the hall trying to convinced them to work to  the project and explained that you would use the best quality  management plan available for this work. One of the team  members stopped abruptly and demanded to know what the purpose of such plan would be.

You explained that the objective of any quality management plan is to




Question 33

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




Question 34

In the earned value system, cost variance is computed as:




Question 35

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 36

If activity E delay for 2 days and all other activities are assumed to be on schedule, what will be the impact to the total project schedule?




Question 37

The “precedence diagramming method” provides project managers with knowledge of:




Question 38

A project's payback period ends when:




Question 39

Estimators for a project report that the most optimistic time they feel that a task can be completed is five days, the longest that they feel the task will take is fifteen days, the most likely time the task will take is ten days, the average time for completing the task, based on past experience is eight days. Using the PERT concept, calculate the expected duration of the task.




Question 40

The major processes of project communications management are:




Question 41

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 42

Scenario:

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?




Question 43

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




Question 44

Analogous estimating:




Question 45

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




Question 46

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




Question 47

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 48

Cost estimates include all of the following resource categories except:




Question 49

If PV (BCWS) = 100, EV (BCWP) = 98, and AC (ACWP) = 104, the project is:




Question 50

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




Question 51

A generally accepted method to confirm accuracy of task progress is through:




Question 52

You'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:




Question 53

Scope change control MUST be integrated with all of the following control processes EXCEPT:




Question 54

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 55

What is a common complaint of project manager regarding their project sponsors?




Question 56

Scenario:

Activity           Duration             Predecessor
A                          5                               -
B                         10                              A
C                           5                              A
D                         15                              B
E                          10                             B
F                           5                              C
G                           5                               F
H                          10                          D,E,G

If all activities will be on schedule, what is the maximum delay of activities E that will not affect the total project schedule?

 




Question 57

Resource planning must include consideration of the use of:




Question 58

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




Question 59

Most project managers spend about _________ of their work time engaged is some form of communications.




Question 60

Scenario:

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?