Random CAPM 60 This quiz will submit in: Question 1Network diagrams are good for depicting: A. Slack time. B. Schedule start and finish dates. C. Plan versus actual schedule. D. Task dependencies. Question 2Cost estimates include all of the following resource categories except: A. Labor B. Materials. C. Inflation allowances. D. None of the above Question 3The MAJOR processes for project integration management are: A. Project plan development, project plan execution, and integrated change control. B. Project plan development, project plan execution, and scope change control. C. Project plan development, overall change control, and scope change control. D. Project plan development, initiation, and integrated change control. Question 4As a project manager, you know that the most important activity to ensure stakeholder satisfaction is A. Communication report B. Ensuring the staff is happy C. Documenting the requirements D. Maintaining a proper WBS Question 5To effectively manage communications within the project team, the project manager should: A. Formalize and control communication among team members. B. Promote harmony and trust among team members. C. Ensure that feedback occurs in both directions. D. B and C. Question 6Scenario: John Jones hired the ABC Construction Company to build a new office building. The contract is a cost-plus percentage of costs Contract. Estimated costs are $3,000,000 and the estimated total price is $3,300,000. ABC recently completed the building and the associated costs were $4,000,000. In the above scenario, what is the total price of this building which will be paid by John Jones? A. $3,300,000 B. $4,000,000 C. $4,300,000 D. $4,400,000 Question 7A Network analysis technique that shows conditional and probabilistic treatment of logical relationships is called: A. PERT. B. GERT. C. CPM. D. a and b. Question 8When 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 9A project loses a contractor in the middle of a project. A new project team is formed to replace the role of the lost contractor and his/her team. As a project manager, what is the FIRST topic to address to the team in the kick-off meeting? A. Identify team roles and responsibilities. B. Review detailed schedule. C Discuss cost estimates. D. Emphasize your authority. Question 10Communication 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 11Reviewing work products and results to ensure that all were completed satisfactorily and formally accepted is part of: A. Risk management. B. Quality control. C. Change control management. D. Scope validation. Question 12Analogous estimating is also called: A. Bottom up estimating. B. Top down estimating. C. Multiple duration estimating. D. None of the above Question 13A network analysis technique that allows for conditional and probabilistic treatment of logical relationships is know as: A. The work breakdown structure. B. The Gantt chart. C. Time scaled network diagramming. D. Graphical Evaluation and Review Technique (GERT). Question 14Scenario : 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 ? A. Expert are ranked according to degree of expertise and opinions are weighted accordingly. B. Expert opinions are numerically graded and the mean and standard deviation drive the risk ranking. C. Expert opinions are submitted anonymously D. Once the expert opinions are received, the panel chairman discards any outlying opinions and prepares a summary report for the project manager. Question 15The 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 16Complex 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 17Scenario: 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? A. 9 days B. 10 days C. 11 days D. 12.5 days Question 18Which of the following is not a necessary input to cost budgeting? A. Cost estimates B. Work breakdown structure. C. Project schedule D. Progress reports Question 19Examples 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 20Which 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 21If team members are more technically skilled than the project manager, what actions should the project manager take? A. Defer the start of the project until the project manager can complete necessary technical training to raise his/her skill level equal to or above the team members skills. B. Involve the technical staff in decision-making to assist the project manager in making informed decisions C. Request assignment of a technical manager to co-manage the project. D. Request reassignment to a project which matches the technical skills of the project manager. Question 22Scenario: Sam is a project manager and has observed during team meetings that one of the senior technical team members, Sue, frequently belittles the ideas of Tom, a more junior technical staff member. Tom has stopped contributing ideas during the meetings. Sue is generally congenial with other members of the team. In the sample scenario above, what action should Sam take? A. No action, because Sue is senior to Tom, and it is her job to critique ideas. B. Meet with Sue one-on-one to discuss the situation. C. Defend Tomâ€Ÿs ideas during the meetings so Sue will understand that everyoneâ€Ÿs ideas are valuable D. Notify Human Resources that Sue needs people leadership training. Question 23Scenario 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? A. 1 month B. 5 months C. 6 months D. 7.7 months Question 24What 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 25The program evaluation and review technique is used for: A. Developing the work breakdown structure. B. Developing cost histograms. C. Estimating project duration when there is a high degree of uncertainty with the individual activity duration estimates. D. Presenting project summary status to upper management. Question 26In which project phase do you have the GREATEST influence on project risk? A. Conceptual B. Design C. Execution D. Implementation Question 27An 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 28Scenario: 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 29In a schedule, which of the following is not an allowed logical dependency? A. FF B. SS C. SF D. None of the above Question 30Cost estimates may be expressed in: A. Units of currency. B. Staff hours. C. Staff days. D. All of the above Question 31Effective stakeholder management includes all of the following project elements EXCEPT: A. Clear requirements definition. B. Scope change control. C. Timely status information. D. Frequent cost reports. Question 32Scenario: Early start date = 1/4/99 Early finish date = 1/5/99 Late start date = 1/10/99 Late finish date = 1/11/99 If a task has the dates in the sample list above, what do we know about the task? A. It is not on the critical path B. It has a duration of six days. C. It has negative slack. D. Any slippage will affect the late finish dates. Question 33Scenario 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 34Mandatory 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 35Of 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 36Which of the following choices would be an acceptable cause for rebaselining a $10 million project? A. The monthly consumer price index on some of the commodities â€žused on the project have been identified as having gone up by 1.6 percent, an increase of 46 percent over the 1.1 percent that had been budgeted. B. The client has authorized a $10,000 addition to the scope of the project. C. The contractorâ€Ÿs company has instituted a quality program in which they have pledged to spend $1 million during the next year. D. The productivity in the drafting department has shown to be higher than anticipated, which has resulted in 1,000 additional hours, a 78 percent increase over what was budgeted. Question 37As 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: A. Estimating future projects. B. Changing the project scope. C. Defining future project tasks. D. Validating the quality process. Question 38Cost control is concerned with: A. Influencing the factors that create change to the cost baseline. B. Determining that the cost baseline has changed. C. Managing cost changes when they occur. D. All of the above Question 39Historical 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 40Estimate 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 41Constructive 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 42A 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 43Scenario: 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? 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 44What is a category or rank given to entities having the same functional use but different requirements for quality? A. Grade B. Litmus C. Title D. Certification Question 45Resource 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 46Analogous 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 47A method that is used to evaluate projects based on a comparison of their income and monies expended is: A. Net present value. B. Discounted cash flow. C. Return on investment. D. a, b and c. Question 48Which 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 49During 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 50For 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 51A project's payback period ends when: A. Profit maximum is realized. B. Unit profit is realized. C. Monthly revenue exceeds monthly costs. D. Cumulative revenue equals cumulative costs. Question 52A likely result of using "compromise" to resolve a two-party conflict is: A. Lose-lose. B. Win-lose. C. Win-win. D. Lose-win. Question 53The 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: A. Spending plan. B. Cost baseline. C. WBS. D. Schedule. Question 54Fast tracking in time management is: A. Doing some or all activities in parallel rather than in sequence. B. Preparing progress reports on a quick turnaround basis. C. The timely input of data to calculate the critical path. D. All of the above Question 55All of the following assist in determining the impact of a scope change EXCEPT: A. Project charter. B. Baseline. C. Performance measurement. D. Milestones. Question 56In the earned value system, cost variance is computed as: A. EV (BCWP) less PV (BCWS). B. EV (BCWP) less AC (ACWP). C. AC (ACWP) less EV (BCWP). D. AC (ACWP) less PV (BCWS). Question 57Which 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 58SCENARIO : It is critical for your company to offer its products on the Internet to increase its market share. The company has no previous experience in this area, but it believes that knowledge is needed rapidly. As you have shown an interest in the Internet, you are asked to start planning for this project. What is the FIRST step to take as you begin planning? A. Identify the risks. B. Plan the scope. C. Establish a resource plan. D. Complete a cost and schedule estimate. Question 59Characteristics 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 60A 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.