CAPM

Which of the following processes are usually performed once or at predefined points in the project:

"Develop Project Charter" and "Close Project or Phase"

If the project's current total earned value (EV) is $100,000 and the actual amount spent (AC) is $95,000, what is the cost variance of the project?

$5,000

At the end of a project, what will your schedule variance be equal to?

0

If an investment in a project returns 15 percent annually, how much should you invest to get $5 million by the end of the fifth year?

2485884

On-demand scheduling is one of the techniques used in agile projects. This type of scheduling relies on:

A backlog or intermediate queue of work to be done.

A project manager must stress the importance of collecting and documenting lessons learned through the project lifecycle. One good way to collect this information is during weekly status meetings. Usually, weekly status meetings, if not managed properly, end up in fire-fighting since most of the time, attention goes to the burning issues. How can you ensure that the lessons-learned gathering does not get missed in such a situation?

Add a lessons-learned agenda item.

A business is considering more than a dozen infrastructure upgrade projects. These projects, once delivered, will add to the organization's overall performance but will not contribute to any of the revenue streams. Prior to initiating any such project, the value of the project to the organization must be determined. Which of the following is the most important factor to consider in such a scenario?

Alignment with the strategic goals

If you are working on a project where there is no definite detailed scope, but there are similar projects in the past, what is the correct Estimate Activity Durations tool to use?

Analogous Estimating

Recently, a junior team member has challenged the project management approach since not all requirements identified during the Collect Requirements process were documented in the project scope statement. You are the project manager, what should you do first?

Analyze the objection and determine if the requirements were deliberately dropped during the Define Scope process.

Which of the following should you not use as an input into creating the WBS structure?

Bill of Material (BOM)

Project knowledge management is concerned with managing which type of project knowledge?

Both "explicit" and "tacit" knowledge

In order to facilitate project configuration and change management on complex projects, a project manager relies on configuration and change management tools. Such tools:

Can be manual or automatic; the selection depends on the project's environment and requirements.

The term Progressive Elaboration incorrectly represents which of the following?

Changes to project scope

Kevin is assigned to a software development project that will start in the near future and is currently tailoring the PMBOK® Guide processes to satisfy the project's specific needs. Kevin wants to introduce a new process, "Identify Key Deliverables", to the existing six project scope management processes. Although he understands that project deliverables identification is already in the PMBOK® Guide scope management processes, he believes that having a dedicated process will stress the importance of determining and agreeing to key project deliverables. The best position for the new "Identify Key Deliverables" process should be between which of the following two processes?

Collect Requirements and Define Scope

Change control tool selection should be based on the needs of the project stakeholders, including organizational and environmental considerations and/or constraints. Which of the following is not a key change management consideration while selecting an appropriate change control tool for a project?

Configuration item verification and audit

Two efficiency indicators that reflect the cost and schedule performance of a project are:

Cost Performance Index (CPI) and Schedule Performance Index (SPI)

If you want to compress a project schedule, what are two of the recommended alternatives to consider?

Crashing and Fast Tracking

Which of these is not an established Estimate Activity Durations technique?

Critical Path Estimation

Which of the following tools and techniques is useful to process work performance data to identify sources of project defects during the Control Quality process?

Data analysis

As you create the Activity List, which technique is recommended for subdividing the project into smaller components called activities?

Decomposition

Maintaining good supplier relationships should be important to all project managers. A good buyer-seller relationship is a partnership that results in a win-win situation that nurtures both parties. Which of the following is both a short- and long-term benefit of treating a supplier with courtesy, honesty, and fairness?

Delivery of quality products and services at the best price

In projects with adaptive life cycles, many of the project management processes are repeated in each iteration of the project except:

Develop Project Charter

During which of the following project processes do key stakeholders engage with the project for the first time?

Develop project charter

George is managing a telecommunication network deployment project. Most of the key project stakeholders are happy with the project so far. However, George has some potential concerns that might become issues in the near future. The next project status update meeting with the key stakeholders is the next day. What should George do?

Discuss these concerns with the key stakeholders

The output of the Validate Scope process is accepted deliverables that are formally signed off by the stakeholders. The stakeholders, on some projects, can get involved with the project as early as:

During the project initiation

Each critical project communication requirement must be carefully analyzed. One good way is to use a communication model to design effective communications. What is the sequence of steps in a basic communication model?

Encode -> Transmit -> Decode -> Acknowledge -> Feedback

Estimating the type and quantities of material, people, equipment, and supplies required to perform each activity is:

Estimate Activity Resources

Which of the following components of a project scope statement is useful in reducing scope creep?

Exclusions

During the development of the project stakeholder engagement plan, a project manager is usually dependent on the voice of the project stakeholders to obtain expert opinion. Which of the following is an important tool available to the project manager for gathering and organizing stakeholders' information?

Focus Groups

A single point of failure (SPOF) is the part of a system that, upon failure, stops the entire system from working or makes the system useless. Which of the following events can render a knowledge management system ineffective?

If the project team is not motivated to share knowledge

During which stages of a project should the project manager be most active in managing project stakeholders' needs and expectations?

Initiating and planning

How does time-boxing help minimize scope creep in agile projects?

It forces the team to process essential features first, then other features.

Few project managers collect lessons-learned information throughout the project's life. Most tackle this in the final days of the project or, worse, after the project is complete. What is the negative consequence of this approach?

It makes compiling and obtaining project information difficult.

A project manager is managing a research project. Typically, research projects are not clearly defined and involve a lot of uncertainty. The project has four phases in which a phase can only start when its previous phase is complete. What project lifecycle and phase-to-phase relationship should the project manager use for this project?

Iterative lifecycle with sequential phase to phase relationship

During a presentation to management, you want to display the project schedule with only the key deliverables displayed. What is the correct tool for this purpose?

Milestone chart

James is managing a shopping mall construction project. During the project execution, he learns the project communications management plan is not effective and requires a major update. Which of the following processes will issue a change request for the required update?

Monitor Communications

A number of teams are developing an enterprise system using the agile approach for product development. Which of the following is a major risk item for such a complex project being performed in an agile environment?

Number of interconnected dependencies between the features developed by different teams.

Project managers need to be aware of Student Syndrome. What does that mean?

People start to apply themselves only at the last possible moment before the deadline.

A project manager scheduled a review at the end of a phase, with the objective of obtaining authorization to close the current project phase and initiate the next phase. Which of the following is an incorrect way of describing this review?

Phase planning

The technique most commonly used by project management software packages to construct a project schedule model is:

Precedence diagramming method (PDM)

Which of the following is not a project competing constraint?

Procurement

Fill in the blank. _______________ indicates that planning and documentation are iterative or ongoing activities.

Progressive elaboration

Various tools and techniques determine project requirements during the Collect Requirements process. These requirements form the basis for defining the project scope. One of the responsibilities of a project manager is to identify key project deliverables during this exercise. Where are the key project deliverables documented?

Project Scope Statement

With a growing awareness of so-called unknowable-unknowns, the existence of emergent risk is becoming clear. These are risks that can only be recognized after they have occurred. Emergent risks can be tackled through developing:

Project resilience

Where would you find a detailed list and description of specific project assumptions associated with the project?

Project scope statement

Which document describes the project's deliverables and the work required to create those deliverables?

Project scope statement

Performance reports are produced during the Control Procurements process by evaluating work performance data against the agreement requirements. Which of the following is the prime objective of producing such reports?

Providing management with information about how effectively the seller is achieving the contractual objectives.

During the Control Procurements process, a number of documents might get updated due to various reasons. Which of the following components of the project management plan is least likely to get updated during this process?

Quality management plan

Increasing the number of resources in order to crash a project schedule does not always cut the time by the same factor. In worst cases, too many resources assigned to an activity may actually increase the activity duration. This is because:

Required additional coordination

The Requirements Traceability Matrix helps in tracing all the following except:

Requirements to project risk

Projects operating in agile environments where a high degree of uncertainty exists and where the scope is not yet fully defined, may not benefit from detailed cost calculations due to frequent changes. Instead, lightweight estimation methods can be used to generate a fast, high-level forecast of project labor costs, which can then be easily adjusted as changes arise. Detailed estimates are:

Reserved for short-term planning horizons in a just-in-time fashion.

A project manager feels the need of updating one of the project supplier contracts to meet the project's current needs. However, before any change requests, the project manager must know the right process to incorporate a change into this specific contract. What should he do first?

Review the change request handling procedure as documented in the contract itself

Which of these items are important to address when determining each person's role in the project team?

Role, authority, responsibility, and competency

As project manager, you would like to show the relationship between two variables to help your project team understand the quality impact better. Which tool should you use?

Scatter Diagram

The resource optimization technique during the Control Schedule process allows a project manager to:

Schedule activities considering both the resource availability and the project time.

Jane is currently reviewing a list of project proposals. All the proposed projects achieve some of the organizational strategic objectives and their expected costs are known. However, Jane cannot execute all the projects due to the funding limitation. How shall Jane determine which projects she needs to execute this year?

Select the projects that maximize the business value

If you want to reduce the number of quality inspections and reduce the cost of quality control for your project, which technique should you use?

Statistical Sampling

Large organizations typically manage a wide range of projects; from small projects to large initiatives requiring long-term commitments. Which of the following factors can be used in scaling such projects:

Team size, geographical distribution, regulatory compliance, organizational complexity and technical complexity.

While analyzing a project, the project manager calculated the ratio of the Earned Value (EV) to the Actual Costs (AC) and obtained a value of 1.2. The project manager decided this was an unfavorable condition for the project and decided to take corrective action. What is your view?

The project manager is not correct. The ratio of EV to AC is the Cost Performance Index and a ratio greater than 1 is favorable to the project

A good project manager always gathers and documents lessons learned throughout the project lifecycle rather than delaying the effort until the project closure. Which of the following is not a risk associated with postponing the lessons-learned gathering effort until the very end of the project?

The project's earned value decreases.

If a project manager believes that a particular subcontract needs to be terminated, which of the following can provide guidance on the contract termination procedure?

The termination clause of the specific subcontract

A control chart should always contain:

Upper and lower control limits

If you are creating a new WBS for your project, what should you do to save time during the creation process?

Use a previous WBS from a similar project as a template.

Which of the following defines the total scope of the project and represents the work specified in the current approved project scope statement?

Work Breakdown Structure (WBS)

When is Rolling Wave Planning useful in a project?

You should use Rolling Wave Planning to help you achieve the appropriate level of detail in each work package at the right time.

Project risks should be identified by:

all project personnel

Measuring the quality of items in a sample on a pass/fail basis is:

attribute sampling

what is progressive elaboration?

building on or elaborating the output of a previous phase

Which of the following is an enterprise environmental factor?

commercial databases

Which of the following is not a part of the data gathering tools used in Control Quality process?

control chart

If you are managing changes to the project's cost baseline, which process are you using?

control costs

Midway through a project, a project manager determined the project was running far behind schedule. If the project manager needs to shorten the project schedule without changing the project scope, which of the following schedule compression techniques could he use?

crashing

Which of these processes is not a Project Schedule Management process?

create WBS

During the development of the project stakeholder engagement plan, the project manager is usually dependent on the expert judgment of senior stakeholders to identify and plan effective stakeholder management strategies. Which of the following stakeholders cannot guide the project manager in developing effective strategies for internal stakeholders?

customers

A contractor is currently constructing a new building for your organization on a cost-plus-incentive contract. You just received the project status report from the contractor's project manager. According to the report, the project's CPI is 1.5. You are shocked because you believe the project costs are out of control. Upon investigation, you learn the $1 million advance payment (20 percent of the estimated project cost) given to the contractor at the start of the project was included in the project's earned value. Further, the cost of the inventory at the project site was excluded from the total actual costs. According to the contract, your company reimburses only the costs for the completed deliverables and not for the supplies in the project's inventory. In this scenario, the reported project's CPI is incorrect because:

earned value is overstated

Which of the following is not a PMBOK® Guide Knowledge Area?

execution management

Which of these precedence relationships is most commonly used in the Precedence Diagramming Method?

finish-to-start

In general, Perform Qualitative Risk Analysis is:

focused on high-priority risks

What is a constraint applicable to all projects?

funds availability

The objective of a transformation project is to move an organization from one state to another state. The desired result of the change driven by the project is described as the:

future state

Which term best describes the Identify Risks process?

iterative

The transition from one phase to another within a project's lifecycle (e.g., from design to manufacturing) is typically marked by:

kill point

The Create WBS process identifies the deliverables at the __________ level in the Work Breakdown Structure (WBS).

lowest

Laurence is the PMO manager at ANZ Company. The CEO of the company asked Laurence to review the business requirements and develop the current year's capital management plan. The capital management plan will outline the key business deliverables (capital projects) and will go to the board for final approval. Which of the following organizational artifacts should Laurence review to analyze the business requirements for the current fiscal year?

organizational strategy

What is the primary risk when including reserves, or contingency allowances, in your cost estimate?

overstating the cost estimate

After brainstorming potential project risks, what is the recommended method for prioritizing these risks and their mitigation plans?

probability and impact matrix

What is the traditional way to display a reporting structure among project team members?

project organization charts

A good project manager knows the value of effective stakeholder management. What is the ultimate goal of effective stakeholder management?

project success

Henry is the project manager for a process improvement project. Henry is a recently hired Six Sigma expert. David is the process owner of the process Henry must optimize. During the project kick-start meeting with the project sponsor, David said he supports all continuous improvement efforts. However, David is unaware of the Six Sigma technique and feels threatened by the newly hired expert, and as a result, is blocking Henry's ideas. What is David's current engagement level with the project?

resistant

A RACI chart is an example of a _________________.

responsibility assignment matrix

Which of the following is a hierarchical representation of project risks?

risk breakdown structure

During the Plan Risk Management process, assigning ___________ will help you and the project team identify all important risks and work more effectively during the identification process.

risk categories

What are the six competing project constraints?

scope, quality, schedule, cost, resources and risk

Which of the following statements most accurately describes a project scenario?

staffing peaks during the execution phase of a project

During the Manage Stakeholder Engagement process, a number of project documents might get updated. Which of the following project documents get updated the most during this process?

stakeholder register

Which of the following is not an organizational process asset used during the Plan Resource Management process?

standardized stakeholder list

Which of these types of precedence relationships is least commonly used in the Precedence Diagramming Method?

start to finish

An effective quality audit should be:

structured and independent

As a project manager, you perform various project performance measurements to assess the magnitude of variation. You then attempt to determine the cause and decide whether corrective action is necessary. This is:

variance analysis

The most detailed level of the WBS is the _______________ .

work package