C176 Business of IT Post-Assessment

You're a manager of the GHG project, which has a budget at completion of $456,000 and is expected to last one year. You're currently at month six of the project, though you've only completed 40 percent of the work. The actual project cost to date is $175,000. What's the project's cost variance?

$7,400

You're a manager of the NHQ project, which has a budget of $750,000 and is scheduled to last two years. The project's currently 25 percent complete, though it was scheduled to be 40 percent complete by this time. The project has spent $210,000 to date. What's the project's current cost variance?

-$22,500

Given the following values: PV = 85, AC = 83, and EV = 81, what's the SV?

-4

Mike is manager of the WAM project, which has a budget at completion of $295,000. The project is currently 40 percent complete; however, it should have been 50 percent complete by now. Mike has spent $125,000 on the project, and management has asked him about its schedule performance. Which of these values best represents its schedule performance?

.80

Which of the following activities will you perform in the planning process?

1. Create a work breakdown structure 2. Develop a change management plan

Which of the following elements should be listed in WBS dictionary?

1. Description of the work of the component 2. Cost estimates 3. Code of accounts identifier

In which of the following processes is cost baseline used?

1. Executing 2. Monitoring and Controlling

You are a project manager for uCertify Inc. You have been asked to complete your project before your planned project completion date. Which of the following will help in completing your project more quickly?

1. Fast tracking 2. Crashing

What two types of corrective actions might you consider when trying to shorten the project schedule?

1. Fast-tracking 2. Crashing

You work as a project manager for uCertify Inc. Your project sponsor has signed a document for authorizing an upcoming project. Which of the following will be included in the document?

1. Justification for the project 2. High-level details regarding estimated budgets and timelines

What are the steps required in closing out a project?

1. Obtaining formal sign-off and acceptance of the project 2. Conducting lessons learned 3. Documenting historical information for future projects

Which of the following are included in the change management process when any change is requested by the key stakeholder in a project?

1. Perform a quality check 2. Coordinate and communicate with the appropriate stakeholders 3. Evaluate the impact and justification of the change

Which of the following project management documents are produced in the planning process group?

1. Project schedule 2. Organizational chart

Which of the following are the primary roles of Agile project management teams?

1. Project team 2. Scrum master 3. Product owner

You work as a project manager for uCertify Inc. You want to obtain responses from vendors to complete the project work as documented in the statement of work. Which of the following will you use to accomplish the task?

1. RFQ 2. RFP 3. RFI

Which of the following activities are related to a project's closing process?

1. Review of lessons learned 2. Archiving of project documents 3. Signing off project documents

Which of the following are the types of vendor-centric documents?

1. Service level agreements 2. Statements of work 3. Cease-and-desist letter

You work as a project manager for uCertify Inc. You have project team members working from different geographical locations. Which of the following factors you need to consider while dealing with them?

1. Time zone differences 2. Cultural differences 3. Technology barriers

Why is it important to complete a formal project closure process?

1. To confirm that the customer accepts the final deliverables 2. To confirm that contract was completed accurately and satisfactorily

The actual cost of completing the project is $5,000 and the earned value of the project is $8,500. What will be the project's CPI?

1.7

How many key stakeholders does a project have when there are 45 lines of communication in the project?

10

What will be the lines of communication when there are 8 key stakeholders in a project?

28

This is the cost of completing a work component in a given period

AC

You work as a project manager for uCertify Inc. You have identified some of the risks that are negatively impacting your project. What action will you take?

Add risks to the risk register document

Your project seems to have "faded away" over time and become a full-fledged ongoing operation. What type of project ending does this describe?

Addition

Which of the following describes responsibilities of a project sponsor?

All of these

You work as a project manager for uCertify Inc. You have been assigned a new project that does not have a cost estimate. You're estimating the cost of the project on the basis of similar activities from the previous projects. Which technique are you using?

Analogous

Which of the following resources have a time gap between the finish and start of a new project and are costly to an organization?

Benched

Scope baseline documents consist of all of the following except for which one?

Business case

Which of the following calculates the longest path and controls the finish date of the project?

CPM

Which of the following informs the other party to stop doing the activity they're doing and not do it again?

Cease-and-desist letter

Which of the following processes includes archive of project documents, turnover to a maintenance group, and review of lessons learned?

Closing

You work as a project manager for uCertify Inc. Your key stakeholder has requested you to provide all project status information through email only. Which of the following documents this information?

Communication plan

You work as a project manager for uCertify Inc. Your team members are facing issues in a project because they are unclear about what they should be doing and who should be doing it. Which of the following will you use to avoid this situation?

Communication plan

You work as a project manager for uCertify Inc. You have asked two employees to work together in a project. However, you have find that on past projects it was very difficult for the managers to handle both the employees together and they are often at odds with one another. Which of the following conflict resolution techniques will you use to deal with them?

Confronting

Which of the following plans includes the chart of account?

Cost management

You work as a project manager for uCertify Inc. You're analyzing the earned value of work completed compared to the actual cost of the project. This type of analysis is an example of which of the following?

Cost variance

The cost variance (CV) of a project is a negative value. What does this result indicate?

Costs are higher than originally planned for the project

Which of the following happens in sprint planning meeting?

Determining items from the backlog to work on during the sprint

Which of the following formulas is used to calculate the schedule variance (SV)?

Earned Value (EV) - Planned Value (PV)

A project closure report includes activities required to formally end the project. Which of the following is not included in a project closure report?

Earned value analysis

You've developed a project plan and a scope document. The project plan has been approved, and you're moving forward with project implementation. What process have you begun?

Executing

This project ending occurs when its deliverables are complete and accurate, and its stakeholders are satisfied. It is considered the best type of project ending.

Extinction

You work as a project manager for uCertify Inc. You have asked your team members not to use personal instant messaging during working hours. This is an example of which type of conflict resolution technique?

Forcing

In which of the following organization structure does the sales manager handle project management?

Functional

You are a project manager for uCertify Inc. You're entering all the activities of the project with their durations to depict when the project is scheduled to end. Which of the following are you building?

Gantt chart

You have created a graphical chart displaying the frequency distribution of each data in a project. This is an example of which of the following project management tools?

Histogram

You work as a project manager for uCertify Inc. You and your team members are working on a project for four weeks. You noticed that one of your team members named Alice is falling behind schedule in the project. What will you do?

Hold a meeting with Team member Alice

In which of the following project phases is the first budget approved for the project?

Initiating

Which of the following tools depicts every potential cause of a problem and the effect that each proposed solution will have on the problem?

Ishikawa diagram

You work as a project manager for BlueWell Inc. You have to communicate the causes of risk events to stakeholders. Which risk diagramming technique will you use to accomplish the task?

Ishikawa diagrams

You're testing one of the applications and find that the application is supporting 80 concurrent users where the requirement was to support 400 concurrent users. Where this should be reported?

Issue log

You work as a project manager for uCertify Inc. You have just completed one of your projects with number of pitfalls. You need to assess the good and the not-so-good aspects of the project. Also, you want to improve the overall quality of your project management processes on the next project. Which of the following will help you to accomplish the task?

Lessons learned

The project team members report their work status to project manager and functional manager. Which organization will allow the team members to do so?

Matrix

Your team has settled into day-to-day interactions and everyone is comfortable with their team positions. You make decisions jointly, and team members show mutual respect for each other. Which stage of team development does this scenario represent?

Norming

You work as a project manager for uCertify Inc. You want to show the project sequence activities to your team members. For this, you're using boxes to represent the project activities and arrows to connect the boxes and show the dependencies. Which of the following are you using?

PDM

Which of the following is defined as the cost of work that has been authorized and budgeted for a specific schedule activity or WBS component during a given time period or phase?

PV

You're a project manager for your organization and are creating a time estimate for your project. Your project will require the installation of 1,500 doors on your organization's campus; the doors are fireproof and mandated by law. Roger, a project team member, estimates that each door will take 1.5 hours to install and test successfully; you've used that figure to estimate a total installation time for all doors at 2,250 hours of labor. What type of estimate have you created?

Parametric

Which of the following allows to identify the top portion of causes that need to be addressed to resolve the number of defects in a project?

Pareto chart

You are a project manager for uCertify Inc. You find that your product does not meet the customer's quality specifications. Which of the following will you use to identify the cause that have the most impact on the product quality?

Pareto chart

In which of the following stages of development is the team productive and effective and are great things achieved?

Performing

You work as a project manager for uCertify Inc. You're starting a new project and want to document the business requirements of the project. Which of the following tools will help you in accomplishing your task?

Process diagram

Who is responsible for assembling project's team members?

Project manager

Consider the following responsibilities: Approve the project charter. Define the business case and justification for the project. Serve as final decision maker for all project issues. Monitor and control delivery of major milestones. Who is responsible for the above responsibilities?

Project sponsor

In the launch of a new product, who among the following is responsible for communicating or marketing the benefits of the product?

Project sponsor

Who among the following is responsible for completing backlog items and establishing estimates for the work to fill the sprint period?

Project team

In which of the following organizations do benched resources occur?

Projectized

This type of chart depicts a WBS identifier, a type of resource required, and quantity of resources needed for the task.

RAM

Which of the following is a type of hierarchical chart that breaks down the work of the project according to the types of resources needed?

RBS

You work as a project manager for uCertify Inc. You want to gather more information about the goods you need to procure for your organization. Also, you need to get an idea for the estimated cost of the goods. What will you use to accomplish the task?

RFI

You work as a project manager for uCertify Inc. You're deciding whether to make or buy the goods needed for the project. As part of the decision-making process, you decided to request a goods update from key product suppliers. What will you use to accomplish the task?

RFI

You work as a project manager for uCertify Inc. You want to invite suppliers into a bidding process to bid on specific products. What will you use to accomplish the task?

RFQ

Which of the following is the drawback of a projectized organization?

Reassigning project team members once the project ends

You work as a project manager for uCertify Inc. You received a project scope statement in which it is mentioned that there is a strong possibility of a hurricane that will impact the project schedule at any given time. What will you consider this?

Risk

You work as a project manager for uCertify Inc. Your project is at risk as it is currently running behind schedule. You changed the project schedule to prevent the risk. Which risk response strategies have you used?

Risk avoid

Which of the following risk planning techniques reduces impact of a project threat?

Risk mitigation

You are a project manager of the XYZ project. You have identified a task in your project with a very high financial risks and decided to insure it. Which risk response strategies will you use to accomplish it?

Risk transfer

You work as a project manager for uCertify.com. Your company has released a new product in the market. You have been asked to identify and display the trends of sale of the new product over the given time period. What will you use to accomplish the task?

Run chart

Which of the following is used by vendors to determine whether they are capable of producing the deliverables and to determine their interest in bidding on the project work?

SOW

What are the EVM measurements for schedule variances?

SV = (EV- PV) and SPI = (EV / PV)

You work as a project manager for uCertify Inc. You find that two project employees have been involved in several heated argument. You reiterate the areas of agreement and avoid the areas of disagreement. This is an example of which type of conflict resolution technique?

Smoothing

Which process involves obtaining responses from vendors to complete project work, as documented in the SOW?

Solicitation

You work as a project manager for uCertify Inc. You are about to deliver your project but you are suddenly informed by the stakeholders that some additional requirements need to be added in the project. What will you do first?

Submit a change request

You work as a project manager for uCertify Inc. You have almost completed the original requirements of the project. However, a customer informed you that one of the functionalities important to the project was not in the project's original requirements. What will you do first?

Submit a change request

The CPI and SPI of your project are less than 1. What does this mean?

The project is behind schedule and over budget

The actual cost of completing the project is $5,000 and the earned value of the project is $9,500. Which of the following is correct using earned value management?

The project is under budget

What is the primary purpose of a formal sign-off at a project's conclusion?

The sign-off indicates that the project meets documented requirements and the customer has accepted project deliverables

This risk response strategy defers liability to a third party.

Transfer

You work as a project manager for uCertify Inc. You find that the project management plan has been heavily updated by the project stakeholder. What will you implement to make it easier to determine how many times the project management plan has been updated?

Version control

You work as a project manager for uCertify Inc. You find that one of the team members always listens music during work hours. However, this behavior of team member has not affected his performance in the project. Which of the following conflict resolution techniques should you use under this scenario?

Withdrawing

You work as a project manager for uCertify Inc. You find that the time required to complete the smaller components of a project were underestimated. What should be used to avoid this?

Work breakdown structure

If the CPI is less than 1, which of the following is true?

You're spending more than anticipated at the measurement date