MOCK 2

10-15. You have been presented with three options for purchasing materials or your project. Option A will cost $40,000. With option A, there is a 30% probability additional support will cost $12,000 and 70% probability additional support will cost $18,000. Option B will cost $38,000. With option B, there is a 60% probability additional support will cost $15,000 and a 40% probability additional support will cost $30,000. Option C will cost $25,000. With option C, there is 75% probability additional support will cost $18,000 and a 25% probability additional support will cost $40,000. There is a 30% probability the organization will pursue option A and a 40% probability the organization will pursue option C. Based on the probability of the selection process, what is the value of option B?

$17,700

14-10. The kitchen remodel project for the Jones family appears to be running behind. As the project manager, you evaluate the construction team's work performance information. Based on the information you received, the $30,000 project appears to be about 40% complete. Work billed to date was $10,000 although the project budget indicates that anticipated costs were to be $12,000 by the date. When your follow-up with the construction team lead, he estimates that there will be approximately $15,000 in remaining cost. The EAC for this project is:

$25,000

14-9. If the planned value (PV) is $275,00 and the earned value (EV) is $300,000, the schedule variance (SV) is:

$25,000

14-15. You have just started in your new role in the PMO and one of your first assignments is to evaluate a technical development project to determine if the project is on time and within budget. Upon review of relevant project documentation, you find that the costs to date have been $180,000, the project is a 16-month project, and that after six months of work they are 25% complete. The overall budget for the project is $300,000, with the following allocation: Month 2, 4, 6, 8, 10, 12, 14, 16 Periodic Budget 10K,15K,45K,60K,40K,50K,70K,10K When you review the project with the project manager, se tells you that they were intending to use an inside resource for all of the programming, but the individual left the company. The programmer they are now using is for a contracting firm and as such, the resource rate for him went from $40/hr to $120/hr. Because programming was the majority of the work needed for the project, this will continue to affect the costs on the project. The ETC for this project is:

$534,300

12-14. The seller is working under a cost reimbursable contract with a 70/30 split. As an incentive from the buyer, the vendor will receive $1,500 for each day they deliver the final product early. The original cost estimate on the project was $750,000. The vendor delivered the product six days early at a final invoice price of $810,000. What is the contract value?

$801,000

14-13. The process redesign project has been underway for six months and appears to be making good progress. However, to complete your quarterly review, you conduct an earned value analysis. This is a 12 months project with a budget of $50,000. The budget is allocated at $12,500 each quarter. Based on the status reports received the project is 60% complete and billed costs are $40,000. It appears that the project is over budget so you talk to the lead analysis. She tells you that there was an unexpected software cost during the 2nd month of the project of $7,000 (included in the 40,000 above). A good portion of the project costs that will be billed will be resource cost (approximately 300 hours at loaded resource rate of $80/hr). The CV and CPI for this project are:

(10,000) and .75

14-4. Based on the performance measures indicated in the following table, what is the schedule variance (SV) for case 3?

-1,000

14-7. The $450,000projects is 75% complete as of month six. The budget was allocated at $50,000 per month for nine months and the invoices paid-to date are $325,000. What is the TCPI of the project?

0.9

10-14. Upon discussion with the work package owner you learn that based on the vendor used, there are four potential durations for the work. There is a 20% chance of using a local vendor, with a duration of 12 days; a 30% chance of using a domestic vendor, with a duration of 18 days; a 10% chance of using an international vendor, with a duration of 27 days; the remaining possibilities is to do the work in-house, with a duration of 15 days. What is the best estimate to use?

17 days

14-14. You have just started in your new role in the PMO and one of your first assignments is to evaluate a technical development project to determine if the project is on time and within budget. Upon review of relevant project documentation, you find that the costs to date have been $180,000, the project is a 16-month project, and that after six months of work they are 25% complete. The overall budget for the project is $300,000, with the following allocation: Month 2, 4, 6, 8, 10, 12, 14, 16 Periodic Budget 10K,15K,45K,60K,40K,50K,70K,10K When you review the project with the project manager, se tells you that they were intending to use an inside resource for all of the programming, but the individual left the company. The programmer they are now using is for a contracting firm and as such, the resource rate for him went from $40/hr to $120/hr. Because programming was the majority of the work needed for the project, this will continue to affect the costs on the project. The SV and SPI for this project are:

5,000 and 1.07

14-12. The process redesign project has been underway for six months and appears to be making good progress. However, to complete your quarterly review, you conduct an earned value analysis. This is a 12 months project with a budget of $50,000. The budget is allocated at $12,500 each quarter. Based on the status reports received the project is 60% complete and billed costs are $40,000. It appears that the project is over budget so you talk to the lead analysis. She tells you that there was an unexpected software cost during the 2nd month of the project of $7,000 (included in the 40,000 above). A good portion of the project costs that will be billed will be resource cost (approximately 300 hours at loaded resource rate of $80/hr). the SV and SPI for this project are:

5,000 and 1.2

13-3. A change control board (CCB) is:

A group of stakeholders who are capable of evaluating change requests and are responsible for approving or rejecting change requests

13-10. Which of the following change requests would most likely change the project baselines?

A request to change the functionality of the product

9-15. To ensure the best outcome for your project with the small team, you will be relocating the team members to a war room set-up so that they are co-located. This is also known as:

A tight matrix

10-9. The organization is very sensitive to any risk impacting the project budget or schedule. You are working with your team and subject matter experts to conduct a quantitative risk analysis on the identified risks. Which statement is least accurate?

A tornado diagram only represents schedule risk data

14-6. Which formula is used to calculate EAC

AC+BAC-EV

10-7. You are managing the project of planning a party for your company employees. There is a risk that the employees will not come to the party. You decide to not take any action against this as the likelihood of this is low. Which risk response strategy are you following?

Acceptance

13-2. An approved change request impacting project scope is:

Any modification to the agreed-upon project scope baseline, as defined by the approved project scope statement, WBS, and WBS dictionary

15-3. Actions and activities that are necessary to satisfy completion or exit criteria for the project, and to confirm that the project has met all sponsor, customer and other stakeholders' requirements, are addressed:

As part of the administrative closure procedure

15-4. The project you have been assigned includes team members from multiple countries. What should you do to alleviate any potential cultural differences, so they do not have a negative effect on the project?

At each team meeting have a different team member share something unique about their culture

12-9. If someone in the organization has been delegated procurement authority it means that the individual is:

Authorized to contractually bind the organization

14-2. A schedule performance index (SPI) of 0.8 suggests that the project is:

Behind schedule to date

12-11. Generally, a bid differs from a proposal in that the term:

Bid is used when source selection will be based on price

9-8. Why is observation and conversation a recommended technique for managing the project team?

By observing and talking with the team, the project manager may become aware of issues and concerns that are not evident through non-interactive communication

12-13. Jansen Bros. Construction has been selected as a contractor for the downtown construction project. The costs for equipment rental, manpower, and other supplies will be included in the contract price. If the final costs are higher or lower than anticipated, Jansen Bros will split the difference with the byer 50/50. In addition, Jansen Bros will receive $30,000 for each day they complete their job prior ro the scheduled delivery date. What type of contract are they working under?

CPIF

13-4. Change requests:

Can come from anyone, must be documented, and must be subjected to an integrated change control process

11-1. A new key stakeholder has been identify for your project. A week after joining the team, the stakeholder has requested significant changes to the project performance report. What is the first thing you should do?

Consult the communications management plan

12-1. Requested but unresolved changes within a contractual relationship:

Could be considered a constructive change to the contract that may be disputed by one party and lead to a cla against the other party

11-13. An understanding of the differences between individuals, groups and organizations and adapting the communication strategy in the context of these differences is known as:

Culture awareness

13-12. A team member made a change to the design of the deliverable based on verbal feedback received from one of the customers. The completed deliverable was rejected by the customer as it did not meet the documented requirements. What type of a change request would be needed to modify the completed deliverable?

Defect repair

11-12. A fundamental attribution of effective communication activities and artifacts:

Defining the purpose of the communication

9-6. Which of the following is not an objective of developing the project team?

Develop a permanent team structure that can stay in place and perform well despite organizational changes

11-3. The project manager is providing information to the stakeholders based on the communication management plan. At a recent meeting he overheard two key stakeholders discussing the fact that they felt they were not accurately informed or put-to-date on the project status. What is the best thing for the project manager to do?

Discuss project management and the communications management plan at the next stakeholder meeting

15-8. you are offered an assignment to manage a project. However, the project is in an area that you have only minor experience. What should you do?

Discuss your limited experience with the client and with their approval, develop a strategy to increase your knowledge

11-8. Although your project has been progressing very well and has been relatively stable against the project baselines, there have recently been some unexpected costs ta are causing the project to trend over-budget. Upon review with your sponsor, she advises you to not send out the monthly performance report or discuss the situation with the other key stakeholders as she fears it will cause necessary concern. What is the best thing for you to do?

Distribution the performance report per the terms of the communication plan

10-1. Along with your sponsor, you are working with your key stakeholders regarding the approach to risk management on the construction project. After extended discussion, one of your key stakeholders approaches you to discuss their concerns. She states that renovating he work area of her team will be extremely disruptive and she is concerned that if the work is not completed on time, it will have a negative impact on her team during the busy holiday season. What should you do next?

Document that the stakeholder has minimal risk tolerance for any schedule delays

9-14. The new project you have been assigned has a very aggressive schedule and strict quality requirements a sit is regulatory in nature. Upon evaluating the assigned team members, you realize that the team does not have the necessary skills do delivery upon their assignments. What is the best thing to do?

Document the skill gap and identify a plan to increase their knowledge

11-2. Despite some changes in the sponsorship of your project, the team is progressing well against the project objectives. You have some new stakeholders and you are finding that they are reaching out to you frequently for clarification on the project and the project status. What is the best thing you should do regarding this situation?

Elevate the communication needs and revisit the communication planning process

11-4. The components of the communication model include all of the following, EXCEPT:

Encode and recode

10-13. Mitigation is to threats as ___ is to opportunities.

Enhancement

13-11. What is the most appropriate to handling an approved change request that's already been implemented?

Evaluated the change through the integrated change control process

12-8. What contract type has lowest risk for the buyer yet allows flexibility in the form of an incentive for achieving defined performance objectives?

FPIF

15-1. The close project or phase process output are:

Final product, service or result transition and organizational process assets updates

12-3. Your sponsor over the very complex project has requested that if a vendor will be necessary. The lowest risk contract that would allow the vendor to deliver on all of the terms and conditions must be used. As such, you know you will need to use:

Firm fixed price

9-2. The five stages of team development are:

Forming, storming, norming, performing, and adjourning

15-10. You heard your project has been cancelled. What is the first thing you should do?

Have your team and vendors stop work

15-2. The foundational values of the PMI code of ethics and professional responsibility are:

Honesty, fairness, respect, and responsibility

10-4. There was a software risk associated with the infrastructure project. To mitigate the risk, you leveraged a software provider that has been known to be compatible with your organization's systems. However, upon install you realize that the new software is causing a major problem What is the next thing you do?

Implement the fallback plan

15-15. User acceptance testing (UAT) is also known as:

Inspection

11-6. You have a number of time sensitive issues on which you need information from your stakeholders. What would be the most appropriate communication method was used?

Interactive

12-2. The contract change control system:

Is a component of the integrated change control system

9-3. An OBS:

Is arranged according to an organization's existing departments, units, or teams, with the project activities or work packages listed under each department

15-13. The validate scope process:

Is the process of obtaining the stakeholders' formal acceptance of the completed project scope and associated deliverables

9-1. The responsibility assignment matrix (RAM)

Is used to show the connections between work that needs to be done and project team members. It can shoe responsibilities at various levels of detail

12-5. Which of the following is false about advertising as a tool and technique of the conduct procurements process?

It can cause public pressure resulting in bid disputes

13-15. How is the stakeholder engagement strategy used in the manage stakeholder engagement process?

It provides the evaluation of the stakeholders' needs based on factors such as power and interest

12-10. You are developing the SOW that will be provided to the selected vendor. Which statement is least accurate regarding the procurement SOW?

It will be used to solicit proposals from prospective sellers

11-11. Which of the following is not a focus direction for communication?

Lateral

15-11. If final procurement negotiations cannot be reached through direct negotiation, what would be the least desirable option:

Litigation

13-13. This is the process of communicating and working with stakeholders to meet their needs and address issues as they occur:

Manage stakeholder engagement

13-9. Which of the following best describes configuration management?

Management and control of the physical and functional characteristics of the product, service, result, or component

9-12. The company you work for has experienced significant growth over the last few years. You have been a project manager for a number of years and have led multiple successful projects. All of your projects have leveraged co-located teams. Your manager has now assigned you a project that will leverage the use of a virtual team. What is the first this you should do?

Modify your previous communication approach to ensure optimal and increased communication with the team members

11-10. The basis and perspective that may interfere with the communication's receiver's interpretation of the message

Noise

11-14. Once of your team members has approached you regarding her concerns with some of her team members. The majority of the team members for her particular piece of the project are located out of the country. She feels that based on their emails to her they are not understanding the project constraints. What technique would you recommend that she use to address the situation?

Observation and conversation

9-11. You have a female team member that has met all of the requirements for promotion to a team leadership position. However, she is from a country where women are forbidden from holding leadership roles. How do you best handle this?

Offer her the role

14-11. The kitchen remodel project for the Jones family appears to be running behind. As the project manager, you evaluate the construction team's work performance information. Based on the information you received, the $30,000 project appears to be about 40% complete. Work billed to date was $10,000 although the project budget indicates that anticipated costs were to be $12,000 by the date. When you follow-up with the construction team lead, he estimates that there will be approximately $15,000 in remaining cost. The status of the project is:

On schedule and under budget

14-3. A project that has a negative cost variance and an SPI less than 1.0 means that the project is:

Over-budget and behind schedule

14-5. A cost performance index (CPI) of 0.8 suggest the project is:

Over-budget to date

13-6. This process is performed from project inception through inception through completion and includes multiple change management activities

Perform integrated change control

10-10. This is the process of analyzing the effect of identified risks on overall project objectives, assigning a numerical rating to those risks individually or evaluating the aggregate effect of all risks affecting the project, and presents an approach to making decisions in the presence of uncertainty.

Perform quantitative risk analysis

10-2. The risk management plans has been completed and approved by the key stakeholders. You are working with your team to identify risks to the project and are performing a qualitative risk analysis. The objective of the qualitative risk analysis is to:

Prioritize the identified risks for further analysis or for response

15-5. Project files that are archived at the completion of the project include all of the following EXCEPT:

Project management information system

13-1. Creeping scope is a major concern of any project. The person responsible for safe-guarding customer change requests is the:

Project manager

15-12. All of the following would be considered contributing to the project management knowledge base, EXCEPT:

Protecting confidential company information

12-4. The buyer structures procurement documents to accomplish all of the following EXCEPT:

Provide a list of potential bidders to each prospective seller

11-5. You have updated the knowledge repository that contains general information for the stakeholders. What communication method was used?

Pull

11-7. Project intranets and home pates are examples of ___ communication:

Pull

15-14. Regarding the project deliverables, which statement is most accurate?

QC is performed on the deliverables prior to scope validation

15-9. You observe a team member taking cable from the discard pile at the client job site. What is the most appropriate action for you to take?

Report the action to the appropriate authorities

13-8. The perform integrated change control process includes all of the following change management activities EXCEPT:

Resource leveling

10-8. Which of the following is a true statement about risks?

Risk identification happens in all phases of the project

10-11. There is a meeting in Europe for the organization's senior leadership team. To reduce the risk associated with having the executives all on one plane, you send no more than two executives on the same flight. What risk strategy are you using?

Risk mitigation

12-12. A cost-plus-fixed-fee (CPFF) contract has all of the following characteristics EXCEPT:

Seller receives a fixed fee payment calculated as a percentage of the actual project costs

9-10. Question that may arise when planning the acquisition of project team members generally include all of the following except:

Senior executive compensation

10-12. There is a potential opportunity if your product is first to market. You decide to team up with another business in order to increase the changes that you will make it to market first. What risk strategy are you using?

Sharing

9-9. Tools and techniques to acquire the resources include all of the following except:

Staffing management plan

9-5. Alison has recently assumed the project management of the office relocation project, which has been underway for a number of months. As Allison becomes familiar with the existing team members on the project, she observes their interactions and notices that they seem to be working independently and not collaboratively. when Jimmy offered a suggestion to streamline the tear-down of the cubical walls, Esmeralda, the facilities manager, become very defensive and shut the idea down quickly. In what stage of team development is the office relocation project team?

Storming

13-7. Which statement is most accurate?

Tactic knowledge includes beliefs and insights whereas explicit knowledge can be easily codified and conveyed

13-5. which is an acceptable cause for "re-baselining" a $10 million project?

The client has authorized a $100,000 addition to the scope of the project

13-14. Throughout the project, you have consistently provided the stakeholders with an updated status report on the progressive of the project in order to manage their expectations. This includes providing updates on any changes that have been approved. As a result of actively managing stakeholders' expectations:

The project is more likely to have increased acceptance

12-15. You have assumed the management of a project that was well underway. One of your team members lets you know that the primary vendor working on the project was hired based upon being a solo source. You know that this means:

The vendor submitted a proposal without competition

9-4. Which of the following is a true statement about team-building activities:

They can range from brief agenda items to extended off-site activities

12-6. Evaluation criteria developed and used to rate or score proposals. These criteria have all of the following characteristics EXCEPT:

They generally require specification of the name of the transportation organization responsible for delivery of procured items

12-7. The primary goal of a bidder's conference is:

To ensure that all prospective sellers have a clear and common understanding of the procurement

10-5. You are the project manager of ABC project. The project is being executed in an earthquake-prone area. To take care of this you buy insurance for earthquakes. This is an example of:

Transfer of risk

10-6. You are the project manager of ABC project. One of the risks that have been identified is attrition of team members. Mid-way through the project you notice that the morale and motivation of the team members is going down. You think that this is going down. You think that this is a precursor to people leaving the organization. For this risk, low motivation is an example of a:

Trigger

9-13. The project has been underway for a short period of time and two of your team members are having difficulty working together. When you approach them regarding the situation, one team member starts crying and the other team members is escalating and is now shouting. What is the best way to handle this situation.

Using a smoothing approach, try to diffuse the emotion in the situation

14-1. Which of the following is a tool and technique in the control scope process?

Variance analysis

15-7. Which of the following would not be the responsibility of the project manager?

Verify that the company procedures are legal

11-15. Presentations

Will be successful when the content and delivery meets the audiences' expectations and needs and the needs and objectives of the project and project team

9-7. As project manager, you witness two of our team members having a heated discussion in the break room. When you approach them, you realize that they are discussing the results of last nights reality TV show. How can you best handle this situation?

Withdraw from the situation as it does not impact the project

15-6. As a participant in a PMP prep course:

You are not obligated to adhere to the code

10-3. You were assigned the strategic development project which is your first large project for your new organization. You carefully documented the risk management plan, identified the project risks, analyzed the risks both quantitatively and quantitatively, and planned your risk responses. What did you do wrong?

You did not engage your team, stakeholders, and other potential information sources in your risk processes

11-9. Your project has kicked off and you are evaluating different communication technology options as proposed by the PMO. Your team is mainly a virtual team, spanning five different countries. You are expecting the project to last at least a year. Which of the following would be the least likely factor to consider when selecting the appropriate communication technology?

Your previous organization's communication tools

14-8. The cost performance index (CPI) is calculated as follow:

a