Project Management Final

he roles key members of the team will play on each activity.

A common tool project teams use is a responsibility assignment matrix (RAM). Typically, this chart will depict:

the procurement statement of work

A description of the procurement item in sufficient detail to allow prospective sellers to determine if they are capable of providing the products, services or results is known as:

Milestones are developed during risk planning

A milestone is a typical measuring point used when establishing cost control. Which of the following DOES NOT accurately describes the use of cost control milestones?

common cause variation.

A source of variation that is inherent in a system and predictable is typically known as:

number of units produced

Activity based costing allocates indirect costs to fixed costs based on different types of cost drivers. Which of the following is one of the cost drivers that serve as a basis of cost allocation?

It should include questions to ensure budgets, schedules and resource plans are reasonable and achievable.

After completing detailed planning for a project, it is often helpful for the project manager and team to apply a sanity test to the project plan. Which of the following accurately describes the application of a sanity test?

The same report format should be used for all stakeholders

All of the following accurately apply to project performance reporting EXCEPT:

assess sponsor capability

All of the following are among the activities a project manager should undertake to develop a highly effective team EXCEPT:

identifying, documenting, approving or rejecting, modifications to documents, deliverables, or baselines

Change control includes which of the following activities?

Project managers render a definitive estimate for the first stage and an order of magnitude estimate for the remainder of the project.

Complex projects such as research and development for new products often employ rolling wave planning to estimate costs. Which of the following best describes "rolling wave" planning?

recurring costs

Costs that repeat as project work continues such as writing code are appropriately classified as _____________ .

Six Sigma

DMAIC is a disciplined process that includes five phases: Define, Measure, Analyze, Improve and Control. DMAIC is most typically associated with which of the following quality improvement approaches?

storming

During which stage of team development do team members attempt to jockey for power, ask many questions and establish dubious goals?

referent power

Frequently, project managers lack legitimate power based upon position and instead resort to persuading others based upon personal relationships. This type of power is known as:

Avoid multi-tasking.

The components (principles) of Critical Chain Project Management include which of the following?

design work systems

The decision process for developing relevant quality standards on a project includes all of the following activities EXCEPT:

stakeholder satisfaction

The four core project quality concepts include which of the following?

estimate cost

The process of developing an approximation of the cost of the monetary resources needed to complete project activities is known as:

Develop project team

The process of improving the competencies, team interaction, and the overall team environment to enhance project performance is known as:

how to create RACI charts

The staffing management plan addresses all of the following except:

expedited costs

What type of cost is incurred when a project must be conducted faster than normal, and overtime for workers and / or extra charges for rapid delivery from suppliers are necessary?

Active listening

When a project manager asks clarifying questions and paraphrases what is being communicated to them, he or she is using ?

support needs such as information systems. specific knowledge or skills that are required. Human resources

When estimating resource needs, project teams should consider which of all the following?

construct a prototype to learn more about a potential solution

Which of the following activities illustrates a risk response strategy designed to research a threat or an opportunity?

Baseline the risk register when planning is completed, and do not be update it once the project is underway.

Which of the following activities is not appropriate upon completion of risk response planning?

Cost-Plus-Fixed-Fee (CPFF)

Which of the following contract types is most appropriate when costs are NOT well known and the buyer absorbs all of the cost risk?

Team members assess the probability of occurrence and severity of impact for identified risks.

Which of the following describes the activities appropriately performed by the project team during Perform Qualitative Risk Analysis?

Although effects are more visible, it is often easier to alter the effect by changing the underlying cause.

Which of the following describes the appropriate use of a cause-and-effect diagram to support project risk analysis?

quality management plan

Which of the following documents describes how the project team will implement the performing organization's quality policy?

advantages and disadvantages of outsourcing in terms of time, cost and performance control

Which of the following factors should be considered when a project team evaluates a "make or buy" decision to procure services?

effective communication including performance feedback

Which of the following is among the widely accepted project team success factors?

Life cycle cost includes the cost of creating the project and using the result. Many project selection decisions are made based upon life cycle cost. Project managers may need to consider product disposition costs to calculate total life cycle

Which of the following items describe an aspect of life cycle costing?

The project organization is always a buyer in a contract arrangement

All of the following accurately describe the features and characteristics of a contract EXCEPT:

early assignment of SMEs to the project saves money

All of the following are advantages associated with assigning both core team members and subject matter experts to the project as soon as possible EXCEPT:

personalities

All of the following are among the common task-related sources of project conflict EXCEPT:

utilize coercive powers

All of the following are among the methods project managers can use to develop individual and team capabilities EXCEPT:

use "good cop / bad cop" technique

All of the following are among the steps of the negotiation process EXCEPT:

manager to identify and eliminate all risks

All of the following are benefits that can be attributed to the effective use of a risk management plan EXCEPT:It enables the project

public relations

All of the following entities are typically included in the supply chain EXCEPT:

Team Learning

All of the following items are among the key areas covered by the Malcolm Baldrige National Quality Award EXCEPT:

more control over quality and time

All of these are factors that could lead to a decision to buy or outsource rather than make or perform in-house, EXCEPT:

Many team members tend to use all of the time available for an activity rather than completing it early.

Critical Chain method was developed to address several problems that are common in organizations that use traditional project scheduling. Which of the following describes a common problem addressed by the critical chain method?

Analyze

During which DMAIC phase would you find the objectives of identify possible root causes, collect data, and confirm root causes through data analysis?

known unknowns

Events discovered during Identify Risks that may or may not occur are often categorized as________ .

the need to understand variation

Fact-based management includes four key ideas. Which of the following is among the key ideas associated with fact-based management?

stakeholder register

Often a project team will start the selection process by establishing a list of potential suppliers. All of the following information sources are frequently used to identify these potential suppliers EXCEPT:

During early risk planning at the start of the project

On Agile projects, detailed risk management activities may occur during all of the following times EXCEPT

benchmarking

One useful method of process improvement involves consideration of how another organization performs a process with an eye toward determining how to improve your own performance. This method is known as:

develop a flow chart that shows how people, materials or data flow from one person or location to another conduct a root cause analysis understand trigger conditions that indicate a risk is about to occur

Project managers can identify risks by learning and understanding the cause and effect relationships that bear on risk events. Which of the following approaches rely upon an understanding of cause and effect relationships to identify risks? (multiple answers)

ensure the workers assigned are capable of doing their work

Project managers interested in controlling quality on projects will often concentrate upon project inputs. Which of the following are important considerations for the project managers concentrating on inputs to ensure project quality?

Require all project resources to work overtime

Project managers often confront the challenge of reducing excessive time commitments and overloads among project resources. All of the following methods represent a potentially viable strategy to reduce work overloads EXCEPT

shared motivation

Project partnerships offer which of the following advantages to both clients and vendors?

review the communication plan to determine where poor communications could cause a problem

Project teams can often identify risks by conducting any of several types of reviews. Which of the following illustrates a valuable type of risk review?

executive salaries, utilities and insurance

Projects often include indirect costs that are not associated directly with one specific project. Which of the following items are most typically considered to be indirect costs?

achieving efficiencies in ongoing operations

Risk is often considered in terms of impact to project success. Which of the following is NOT a valid measure of project success?

the total planned value of the project.

The Budget at Completion (BAC) is the sum of all budgets established for the work to be performed on a project. As such it is equivalent to:

cost baseline.

The __________ is the approved time-phased project budget, excluding any management reserves, which can be changed only through formal change control procedures and is used as a basis of comparing actual results

reserve

The _______________ is a provision in the project management plan to mitigate cost and / or schedule risk?

perform integrated change control.

The process of reviewing all change requests, approving changes, and managing changes to deliverables, organizational process assets, project documents and project management plan; and communicating their disposition, is known as:

describes how a project team will acquire goods and services from outside the performing organization.

The procurement management plan:

bottom-up estimating

Which estimating technique decomposes the work into detailed pieces for which estimates are prepared and then aggregated into a total quantity for the project?

parametric estimating

Which estimating technique uses an algorithm to calculate cost or duration based on historical data and other project parameters?

analogous estimating

Which estimating technique uses historical data from a similar project as a starting point for creating a time or cost estimate?

A risk may impact the project in a positive or negative way.

Which of the following accurately describes risk in project management?

The project manager outlines the project goals.

Which of the following activities are typically included in a project kick-off meeting?

train a team member to cover for a potentially unavailable key resource

Which of the following activities illustrates a risk response strategy designed to mitigate a threat?

Schedule Variance (SV)

Which of the following measures is best suited for determining whether the project is on, ahead or behind schedule?

Sensitivity Analysis

Which of the following quantitative risk analysis techniques is used to determine which risks have the most powerful impact on the project, with results displayed in the form of a tornado diagram?

An atmosphere of trust and relationship building should be set by all.

Which of the following serves as a pre-condition that must be met in order for a project kick-off meeting to be successful?

inspect at milestones identified in the project charter

Which of the following serves as an important guideline concerning project inspections?

It addresses the flow of products, information and funds. It is a system approach to managing the entire flow of physical products. It spans across suppliers, resellers, project organizations and consumers.

Which of the following statements accurately describe supply chain management.

collaborating / problem solving

Which of the following styles of handling conflict is most appropriate whenever there is enough time, trust can be established, the issue is important to both sides and buy-in is needed?

cost-reimbursable contract

Which of the following types of contracts involves payment to the seller for the seller's actual costs plus a fee typically representing the seller's profit?

provide information soon enough so that it is useful to the recipient

Which of these guidelines should be used to handle project information needs?

the seller

Which party to a contract absorbs the preponderance of cost risk when a Firm-Fixed-Price (FFP) contract is used?

quality metrics

Which quality tool provides a crisp definition of what and how to measure specific performance?

It documents how the business case should be created

Which the following is NOT a benefits realized as a consequence of developing a cost management plan?

enhance an opportunity

__________ is not a classic risk response strategies.