PMP (Lesson 3)

6. A project manager is using atime-phased budget to measure the cost performance. What is that budget called? a. Cost baseline b. Cost estimate c. Rough order of magnitude d. Release budget

a. Cost baseline

10. What is the purpose of decomposing the project work within the hierarchical WBS structure? a. To create smaller, more manageable chunks that can be better estimated for cost, schedule, and resources, and that help control the project b. To create a sequence of work that can be used to track progress throughout the life of the project, ensuring the project deadline can be met c. To select the requirements that will be included in the project to the satisfaction of the stakeholders and the project sponsor d. To draw out potential options to complete the work so the stakeholders and the team members agree on the methods used

e. To create smaller, more manageable chunks that can be better estimated for cost, schedule, and resources, and that help control the project

You have been asked by your organization to start a new project. You are working in a complex environment and the end product is not fully known and user feedback is very valuable. Your boss asks you which methodology would be best for this project. Which answer would be best? Select one: a. Adaptive b. Predictive c. Iterative d. Hybrid

a. Adaptive

17. Which two of the following are used by quality management teams to identify issues? (Choose two) a. Audit reports b. Planning poker c. Design for X d. Kano Model

a. Audit reports c. Design for X

22. Which of the following is a good example of mitigating the probability of the risk of becoming overwhelmed with a fire in a newly constructed building? a. Install smoke detectors. b. Install fireproof components. c. Hire another company to do the part of the work that could result in a fire. d. Keep the phone number of the fire department handy.

a. Install smoke detectors.

You are working with your team to add some new functionality to an existing website. To enable this new functionality requires implementing a bit of code in which no one on the team (or within the organization) currently has experience with. You realize you could contract with another organization to perform this work, or you could have one of your existing team members complete some training to acquire this knowledge. Which tool or technique would be best to help you determine which direction to take? Select one: a. Make or Buy Analysis b. SWOT Analysis c. Procurement Statement of Work d. Bidders Conference

a. Make or Buy Analysis

27. A business is anxious to get a portion of the project's creations out into the marketplace to get end user feedback and impressions before the entire product is finished. What must the project team establish for their release to end users? a. Minimum viable product b. Sprint cycle c. Velocity d. Transition plan

a. Minimum viable product

25. Early in the establishment of a project, the project manager spends time looking for historical data that might be helpful in planning the new project. The project manager is looking for examples of project documents for similar, completed projects that may be used as templates for the new project. In addition, the project manager is also looking for information about established processes and procedures that will help the project run more smoothly. What is the term used to define these documents? a. OPAs b. EEFs c. Progressive elaboration d. Organizational project management

a. OPAs

13. What is a primary component used for integrating the project management plan? a. Outputs of the planning processes b. When the product will be phased out c. When the project will be chartered d. Administrative duties of the project manager

a. Outputs of the planning processes

26. A business is unclear on the direction and when features are to be expected for an agile-managed project. What project artifact helps communicate the goals, milestones, and potential deliverables, releases, or other work outputs? a. Product roadmap b. Project charter c. Requirements documentation d. Configuration management plan

a. Product roadmap

8. What is the focus of quality assurance and what does it result in? a. Quality assurance is focused on the process and procedures used, and it results in improved quality. b. Quality assurance is focused on measuring the output of the work package, and it results in improved quality. c. Quality assurance is focused on measuring the output of the work package, and it results in better metrics. d. Quality assurance is focused on the process and procedures used, and it results in a shorter schedule.

a. Quality assurance is focused on the process and procedures used, and it results in improved quality.

2. A project team is reviewing the requirements documentation that they are responsible for working on. Which project artifact can they reference to see the connection between the requirements and the business and project objectives? a. Requirements traceability matrix b. RACI chart c. Project charter d. Scope management plan

a. Requirements traceability matrix

9. A project manager is reviewing the quality control chart with the project team and the product owner. The response trend has been going down over the last few reporting periods but is still above the upper control limit. What does that mean? a. The project's quality is outside the quality standards set for the project. b. The project's burndown rate is above normal. c. The project's standards are too high. d. The project's quality is above expectations.

a. The project's quality is outside the quality standards set for the project.

18. Which two are components of a resource calendar? (Choose two) a. Working days b. Training strategies c. Availability of physical resource d. Recognition plans

a. Working days c. Availability of physical resource

On your project, requirements have been gathered and incorporated into User Stories. Working with the Product Owner, the stories have been prioritized and selected based on how long each will take and then the highest priority is constructed first. Remaining stories will be added to the backlog and constructed in subsequent time cycles based on their priority. According to PMI, this approach is known as: Select one: a. Hybrid b. Adaptive c. XP d. Predictive

b. Adaptive

14. The product owner is on vacation. A decision must be made on a project change. What should the team reference to determine next steps? a. Project charter b. Change management plan c. Project time line d. Configuration management plan

b. Change management plan

5. What is the process to create a project budget? a. Take the ROM and decompose it into the cost of work packages b. Combine all individual activity cost estimates and contingencies and aggregate them for the entire project. Submit this to the sponsor, and modify it if necessary c. Estimate costs necessary to finish project work, including direct costs, labor, materials, equipment, facilities, services, information technology, and contingency reserves d. Create an S-curve with cost on the Y axis and time on the X axis

b. Combine all individual activity cost estimates and contingencies and aggregate them for the entire project. Submit this to the sponsor, and modify it if necessary

4. What is included in activity cost estimates? a. Supporting data or additional information needed to justify the cost estimates b. Estimates on probably costs necessary to finish project work, including direct costs, labor, materials, equipment, facilities services, information technology, and contingency reserves c. Estimates on probable costs necessary to finish project, work based on the responsible bids obtained from vendors d. Estimates on probable costs necessary to finish the project work, including direct labor, materials, equipment, facilities, services, information technology, contingency reserves, and indirect costs

b. Estimates on probably costs necessary to finish project work, including direct costs, labor, materials, equipment, facilities services, information technology, and contingency reserves

12. A team member, who is new to the organization and working on projects has several questions, and asks the project manager to meet and discuss these items to better understand the project planning process. The project manager is delighted that the new team member is taking so much interest. The team member asks, "If we must complete the software code before we can create the user manual, what type of dependency exists between these two work packages?" How should the project manager reply? a. Finish to finish b. Finish to start c. Start to finish d. Start to start

b. Finish to start

You are working on a project that involves implementing a new process and technology into your organization. Your team has no experience with the new software. You have created a contract with a training organization to deliver an online training course for all your team members. The contract states that the training organization will receive $3,000 to facilitate the course. In addition, your company will pay the an extra $500 for each team member that successfully completes the end of course certification exam. Which type of contract is this? Select one: a. Fixed Price b. Fixed Price Incentive Fee c. Time and Materials d. Cost Plus Fixed Fee

b. Fixed Price Incentive Fee

1. Which is the best elicitation technique to use when your project team wants to facilitate a discussion with a certain set of users to get a better understanding on how they might use your project's product? a. Document analysis b. Focus group c. Benchmarking d. Plurality

b. Focus group

16. Which of the following would not be part of the quality management plan? a. Quality standards and roles b. Minimum viable product c. Quality tools to be used d. Major procedures for dealing with nonconformance

b. Minimum viable product

15. The project manager informs the project sponsor that the project management plan will continuously increase in the level of detail as the project moves forward. In project management, what is this process known as? a. Life cycle b. Progressive elaboration c. Resource planning d. Scope creep

b. Progressive elaboration

You are working with your team to build a three-bedroom house. You have created a WBS. You have documented all the activities that need to occur. You have estimated the resources needed for each activity and estimated the duration that each activity will take. You know when the project is going to start, but your boss is asking you when the project will complete. What step should you complete next in order to help answer that question? Select one: a. Refer to the Project Charter b. Sequence Activities c. Develop Schedule d. Control Schedule

b. Sequence Activities

Work defined at the lowest level of the Work Breakdown Structure (WBS) for which cost and duration are estimated and managed is called: Select one: a. Node b. Work Package c. Activity d. Task

b. Work Package

You are beginning a new project. You call upon a subject matter expert in your organization to provide their expert judgement on how much this project will cost. He replies via email and states that his Rough Order of Magnitude estimate is $50,000. How accurate is this estimate? Select one: a. Undetermined at this point in time; it's too early to tell b. -50% to +75% c. -25% to +75% d. 100% accurate

c. -25% to +75%

23. What is the difference between avoiding a threat and mitigating it? a. Avoid means to reduce the impact or probability; mitigate means to change the management plan to remove the risk. b. Avoid means to outsource the work to remove the risk; mitigate means to reduce the impact or probability. c. Avoid means to change the management plan to remove the risk; mitigate means to reduce the impact or probability. d. Avoid means to change the management plan to remove the risk; mitigate means to accept the impact or probability.

c. Avoid means to change the management plan to remove the risk; mitigate means to reduce the impact or probability.

19. In which of the following situations would brainstorming be an appropriate technique? a. Conflict resolution b. Sprint reviews and demos c. Identifying and prioritizing options d. Running a standup meeting

c. Identifying and prioritizing options

20. Which of the following is not a technique for estimation? a. Planning poker b. T-shirt sizing c. Product box d. Modified Fibonacci

c. Product box

You have been working with the Product Owner for developing a new weather tracking app. You have created and added all of the User Stories into the Product Backlog. The Product Owner has prioritized these items. You are now ready to create a plan for what the team can accomplish over the next upcoming Sprint/Iteration. What ceremony should be conducted next in order to answer this question? Select one: a. Daily Standup b. Sprint Review c. Sprint Planning d. Sprint Retrospective

c. Sprint Planning

7. Your company is designing a game for families. They test whether the game is easy enough for children by creating a prototype and then establishing their test criteria. They create test groups of 100 boys and 100 girls between the ages of 3 and 5, at 50 schools across 30 regions. Then they modify and implement the prototype across the country. What process are they engaged in? a. Benchmarking b. Design of experiments c. Statistical sampling d. Force field analysis

c. Statistical sampling

21. Which of the following is the best approach for estimating effort? a. The project manager estimates all the work. b. A team lead estimates all the work. c. The work is estimated by the people who will be asked to do the work. d. The estimates are inflated to avoid second guessing from the customer.

c. The work is estimated by the people who will be asked to do the work.

3. An architectural firm has spent a great deal of time and effort creating the design and blueprints for the building. They had to purchase materials and hire consultants and have been working on this project for 6 months. They have submitted all the invoices for the money they have spent on the work, as well as an invoice for the fee of $90,000. What type of contract was this? a. Time and materials b. CPIF c. FPEPA d. Cost reimbursable

d. Cost reimbursable

24. Which of the following is an agile method to prioritize project objectives, features, user stories, and tasks? a. Information radiator b. Planning poker c. First in, first out d. MoSCoW analysis

d. MoSCoW analysis

You are working with your team on a new project. You are attempting to determine the cost of the activity for "Install Foundation" for a 20,000 square foot building. Your organization recently completed a very similar project for a 10,000 square foot building. As you review the historical information from that project, you find that the cost for installing the foundation for that project was $5,000. One of your team members suggests that since this building is twice as big, the cost estimate for installing the foundation on this project should be $10,000. What is this technique called? Select one: a. Bottom-up estimating b. Three-point estimating c. Analogous estimating d. Parametric estimating

d. Parametric estimating

11. Which of the following is the correct definition of the critical path? a. The critical path is the fastest path through the network diagram which represents the longest time in which the project can be completed. b. The critical path is the shortest path through the network diagram which represents the longest time in which the project can be completed. c. The critical path is the earliest path through the network diagram which represents the latest time in which the project can be completed. d. The critical path is the longest path through the network diagram which represents the earliest the project can be completed.

d. The critical path is the longest path through the network diagram which represents the earliest the project can be completed.

All of the following are Tools and Techniques that can be used to help you gather Requirements for your new project except: Select one: a. Expert Judgement b. Data Analysis c. Interpersonal/Team Skills d. Three-point Estimating

d. Three-point Estimating