PMP_Exam Prep_Test 01

"You have managed to identify the five main tasks in your project. You represent the dependency and duration in the table given below: What is the total float available for task 5? A. 0 B. 1 C. 2 D. -1 "

A

"A company is considering three projects: Project A has an NPV of $500,000 Project B has an NPV of $300,000 Project C has an NPV of $200,000 What is the opportunity cost if project A is selected? A. $500,000 B. $200,000 C. $300,000 D. $0 "

C

"You are working as a portfolio manager. Which of the following are you responsible for managing? A. Project interdependencies B. Projects and programs C. Projects, programs, and operations D. Functional work and operations "

C

"In the project, the sponsor has provided a budget of $20 million. This is an example of a/an: A. Constraint B. Assumption C. Kill point D. Risk"

A

"A project manager has to manage conflict in an organization. Which of the following could be the source of least conflict in an organization? A. Weak matrix structure with multiple managers to report to B. Low position in the organization hierarchy C. Roles that are not well defined D. Work pressure and high stress "

B

"As a project manager, in approximating costs, you consider the possible causes of variation of the cost estimates, including risks. For your project, which is in the initiation phase, your team has suggested a rough order of magnitude estimate. This could be in the range of: A. -75% to +90% B. -25% to +75% C. -10% to +25% D. -5% to +10% "

B

"As a project manager, you are concerned with determining which risks may affect the project. What is the process by which such risks are determined? A. Plan Risk Management B. Identify Risks C. Perform Qualitative Risk Analysis D. Plan Risk Responses "

B

"As a project manager, you are in the process of creating a list of all the project team members, their roles, and communication information. This information should reside in: A. Project plan B. Project team directory C. Performance reports D. Responsibility assignment matrix "

B

"As a project manager, you realize the importance of team development for resource management. Which of the following is NOT a tool for the Develop Team process? A. Interpersonal and skills B. Pre-assignment C. Training D. Individual and team assessments "

B

"As the project manager, you are currently involved in monitoring stakeholder relationships and adjusting plans for their engagement. Which process are you currently working in? A. Identify Stakeholders B. Monitor Stakeholder Engagement C. Manage Stakeholder Engagement D. Plan Stakeholder Engagement "

B

"In your previous project, the project manager gave a lot of autonomy to the team members, which led to anarchy. The management style followed by the project manager was: A. Directing B. Laissez faire C. Delegating D. Democratic "

B

"In your project, a team member suggested the addition of a functionality, which she thinks, will improve customer satisfaction. Your approach would be to: A. Allow for the functionality, because satisfying the customer is your objective. B. Disallow the new requirement, because it changes the project scope, and the customer did not explicitly state this requirement. C. Make changes to the project plan to accommodate the new requirement D. Ask the customer for additional funding to implement the requirement "

B

"In your project, you are monitoring communications throughout the entire project life cycle to ensure the information needs of the project stakeholders are met. The information typically provides status and progress information on the project at the level of detail required by the various stakeholders. This is done through: A. Plan Communications Management process B. Monitor Communications process C. Manage Communications process D. Earned Value management "

B

"In your project, you create a document to record the code of account identifier, description of work, responsible organization, and schedule milestones. This document can be referred to as: A. WBS B. WBS dictionary C. PERT/CPM charts D. Roles and responsibilities matrix "

B

"In your project, you have identified important risks and planned appropriate responses to the risks. Some risks, such as the possibility of natural disasters impacting the project, have been documented and accepted in the risk register. What are the remaining risks called? A. Unidentifiable Risks B. Residual Risks C. Secondary Risks D. Accepted Risks "

B

"Maximum intensity of conflicts occur over: A. Priorities B. Schedules C. Personality D. Cost "

B

"Since the buyer could not meet the requirements of the contract, you (the seller) want to terminate the contract early. This is done in which of the following processes? A. Plan Procurement Management B. Control Procurements C. Close Project or Phase D. Conduct Procurements "

B

"The Plan Risk Responses process helps the project manager to develop options and actions to enhance opportunities and to reduce threats to project objectives. The output from the Plan Risk Responses process is to update the risk register. Which of the following is not one of the updates you will make? A. Agreed upon response strategies B. Risk probability and impact matrix C. Specific actions to implement the chosen response strategy D. Budget and schedule activities required to implement the chosen response "

B

"The activity list should include descriptions of activities. This is required to: A. Provide a common understanding of the project scope among the project stakeholders B. Ensure that the team members understand what work is to be completed C. Serve as a reminder to the project manager D. Help in creation of technical documentation during the project life cycle "

B

"The director of information systems at your company is in the process of creating a project charter to formally authorize a new project. In this context, what should be done FIRST? A. Develop Project Management Plan B. Identify a project manager for the project C. Acquire Team D. Integrate the work of the project with the ongoing operations of the performing organization "

B

"The responsibility of stakeholder expectations management usually lies with the: A. Project management team B. Project manager C. Project team D. Project manager, project sponsor, and project management team "

B

"The value of work actually accomplished is also known as A. Planned Value B. Earned Value C. Actual Cost D. Budgeted Cost for Work Scheduled (BCWS) "

B

"Two project team members disagree often on the best way to handle an issue. You ask them to look at the positives and negatives of their approaches and submit their recommendations, which could be a ""middle path"". Which of the following conflict resolution techniques have you used? A. Smoothing B. Compromising C. Confrontation D. Withdrawal "

B

"Which of the following statements on quality and grade is incorrect? A. The project manager and the project management team are responsible for managing the trade-offs associated with delivering the required levels of both quality and grade. B. A high grade but a low quality product is always a problem to customers. C. A high quality but a low grade product is always a problem to customers. D. Quality is the degree to which deliverbles meet requirements whereas grade as a design intent is the category assigned to deliverables. "

B

"While identifying stakeholders, you plan to group project stakeholders based on their level of authority and their active involvement in the project. You can do this by using: A. Power/Interest grid B. Power/Influence grid C. Influence/Impact grid D. Salience model "

B

"You are a project manager overseeing a canal development project. The table given below shows the time estimates for the different tasks involved. Please refer to it and answer the question that follows. What is the impact on the project if task 1→ 2 takes 2 months more than what was earlier planned? A. The project duration will increase by 1 month B. The project risk will increase C. The project duration will increase by 2 months D. The project float will increase by 2 months "

B

"You are a project manager overseeing the construction of a Baseball Stadium. The activity of laying the Grass Sod has an optimistic estimate of 10 days, pessimistic estimate of 16 days, and most likely estimate of 13 days. What is the expected duration for task completion? A. 10 days B. 13 days C. 12 days D. 11 days "

B

"You are annoyed with your team members because of their constant disagreements. You ask them to stop arguing and do the work the way in which you want it to be done. The conflict handling approach you are following is: A. Smoothing B. Forcing C. Confrontation D. Withdrawal "

B

"You are determining whether the project activities comply with organizational and project policies. This will be done as part of: A. Inspection B. Audits C. Quality improvement D. Trend analysis "

B

"You are doing a quality audit for your project to identify all the gaps/shortcomings in your project. This is a part of: A. Plan Quality B. Manage Quality C. Determine Budget D. Control Quality "

B

"You are managing a Wind Energy Project. You have created the Network Schedule Diagram given below (all units are in days): What is the project float if management wants to complete this project within 13 days? A. 0 days B. - 3 days C. 2 days D. Cannot be determined, because information given in the question is incomplete "

B

"You are managing a critical project with virtual teams located in eight countries. At times, team members find it difficult to understand and interpret what others are communicating via tele-conferencing. From a communication management point of view, this difficulty in transmitting and understanding messages can also be referred to as: A. Disturbance B. Noise C. Interference D. Breakdown in encode-decode model "

B

"You are managing the tools/spare parts section for an aircraft manufacturing company. Your team members have discovered some defective tools/spare parts. The probable cause for these could be materials used, defective measurement systems, inaccurate tolerances in the machines, or other factors. To determine what caused the defect, you will: A. Use a control chart B. Draw an Ishikawa diagram C. Create a flowchart D. Draw a Pareto chart "

B

"You are one of the ten full-time project managers in your organization. All of you share two administrative resources. Normally, around 30 - 40 projects are executed per year involving about 30% of the employees of the organization. However, all of them do not report to you, although you are their project manager. Your organization can best be classified as: A. Projectized B. Balanced Matrix C. Strong Matrix D. Weak Matrix "

B

"You are taking over a project that is currently in the planning stage. The previous project manager worked with the team to finalize the process of defining activities, and you joined the team at the end of this process. The next process requires the determination and documentation of the relationships among project activities. Of the following, which is a tool and technique used in this process? A. Schedule Baseline B. Dependency Determination and Integration C. Activity List D. Decomposition "

B

"You are the project manager for a project where your team must travel to the work site by foot. The walk is 100 miles, and is the first task on the project schedule. The total amount budgeted for this task is $4,000. If the team is scheduled to walk 20 miles per day, they should reach the work site at the end of day 5. At the end of the second day, you realize the team has only traveled 30 miles, and you have spent $2,000. Based on this, what is the SPI for your project, and the projected TCPI. A. 0.8, 1.4 B. 0.75, 1.4 C. 0.75, 1.2 D. Cannot be determined with the given information "

B

"You are the project manager of a project, which has the objective of producing bearings with a margin of error of .002 mm according to Six Sigma specifications used in your company. You have been asked to create documents that can help you apply technical and administrative direction to audit the bearings and ensure that they conform to requirements. You should use: A. Product scope description B. Project management information system C. Statement of work D. Project management plan "

B

"You are working for a semi-conductor company. There have been several instances in the past week when a few circuits have not been giving accurate results. You have been assigned the task of determining the probable cause for the variations. Which of the following tools or techniques is best suited for this purpose? A. Control Chart B. Ishikawa Diagrams C. Pareto Diagrams D. Inspection "

B

"You have been managing a project to construct an overpass on Interstate 10. You have divided the project into phases to provide better management control. Which of the following is a characteristic of a project phase? A. Formal phase completion necessarily includes authorization for the subsequent phase. B. The closure of a phase is required to be approved in some form before it can be considered closed. C. A project phase should not be divided into sub-phases even in complex projects, because it will be difficult to manage. D. All deliverables in the project phase should correspond to the project management process. "

B

"You have eight people in your project, and one more person will be joining next week. Once the new person joins, the number of communication channels will increase by: A. 0 B. 8 C. 12 D. 20 "

B

"You would like to obtain information, quotations, bids, offers, or proposals from sellers as part of the Conduct Procurements process. In this process, which of the following is the most critical? A. Determine whether a product should be purchased or manufactured in-house. B. Ensure that prospective sellers clearly understand the technical and contract requirements. C. Clarify the structure and requirements of the contract. D. Prepare an independent estimate to verify the proposed price structures of the sellers. "

B

"Your current project has very limited information on activity durations. You wish to use the actual duration of a previous, similar activity as a basis for estimating the current activity duration. Once you have estimated the durations for the activities on the project, what would be your next step? A. Create an activity list. B. Calculate early and late start and finish dates for the unfinished project activities. C. Conduct performance reviews to determine variances. D. Subdivide project work packages into smaller more manageable components for better management control. "

B

"During the Identify Stakeholders process, the project manager identifies all people or organizations impacted by the project, and documents relevant information regarding their interests, involvement, and impact on project success. Once identified, a plan needs to be created to keep stakeholders engaged throughout the project. In this context, which of the following statements is incorrect about stakeholder management? A. Stakeholders exert influence over the project and its deliverables B. It is critical for project success to identify stakeholders early in the project C. All critical stakeholders should be engaged at the same time D. A strategy or approach may be developed for engaging each stakeholder "

C

"In a project life cycle, the least number of conflicts occur over: A. Priorities B. Schedules C. Personality D. Costs "

C

"Which of the following estimates is not used when implementing three-point estimating? A. Pessimistic B. Optimistic C. Most likely D. Mean "

D

"In your project, you are in the process of leading and performing the work defined in the project management plan and implementing approved changes to achieve the project`s objectives. This is done during: A. Direct and Manage Project Work B. Develop Project Management Plan C. Monitor and Control Project Work D. Create Deliverables "

A

"In your project, you are estimating schedule activity costs. You decide to use the bottom-up estimating technique. In this context, which of the following statements about Bottom-up Estimates is incorrect? A. Determines the cost of individual scope requirements in the scope statement B. Provides detailed costs at lowest levels that are rolled up to higher levels for reporting and tracking purposes C. Is a method of estimating a component of work D. Provide cost and accuracy, which is influenced by the size and complexity of the individual schedule activity or work package "

A

"In your project, you have reasons to believe that the current variances occurred because of extraneous factors, and you do not expect similar variances to occur in future. What should be the estimate at completion (EAC) for your project? BAC = $300,000; AC = $100,000; EV = $150,000; CPI = 1.5 A. $250,000 B. $220,000 C. $280,000 D. $200,000 "

A

"In your project, you are in the process of creating an activity list. This should contain which of the following: A. Activities not to be performed as part of the project B. Activities that are to be performed as part of the project C. Activity identifier and scope of work description for each schedule activity in sufficient detail D. Activities that are required for the project A. B, C and D B. C, D and A C. D, A and B D. A, B and C "

A

"In your project, you are in the process of defining how to estimate, acquire, manage, and use team and physical resources. Which of the following would you NOT define/create at the end of this process? A. Project staff assignments B. Resource management plan C. Team Charter D. Updates to Risk register "

A

"A contract obligates the seller to provide the specified product and obligates the buyer to pay for it. In this context, which of the following is a mandatory feature of a contract? A. Mutually binding B. Complicated C. Very detailed statement of work D. Signatures of senior leadership of the buyer "

A

"A project manager has constructed the foundation for a building before completing all of the architectural drawings. This can be an example of ________________. A. Fast tracking B. Crashing C. Prototyping D. None of the above "

A

"After completing the Define Scope process, management has asked you to coordinate the activities related to work breakdown structures (WBS) in your project. When using decomposition as a tool, what should you do FIRST? A. Identify the deliverables and related work. B. Determine the constituent components of the WBS. C. Assign responsibility for each task in the WBS. D. Create the cost and time estimates for each activity in the project. "

A

"Almost all projects are planned and implemented in a social, economic, or environmental context, and have intended and unintended positive or negative impacts. In this context, which of the following statements about Enterprise Environmental Factors is NOT true? A. Neither promote nor hold back the project management processes B. May restrict the project management processes C. May promote the project management processes D. May either promote or hold back the project management processes "

A

"As a project manager, you are aware that changes are bound to occur during projects. While monitoring and controlling change on your projects, you use the term scope creep. What does the term refer to? A. Uncontrolled expansion to product or project scope without adjustments to time, cost, and resources B. Controlled expansion to product or project scope without adjustments to time, cost, and resources C. Manageable expansion to product or project scope without adjustments to time, cost, and resources D. Unmanageable expansion to product or project scope with adjustments to time, cost, and resources "

A

"As a project manager, you realize that managing project stakeholder expectations is an important priority. Which statement on project stakeholders is NOT correct? A. Negative stakeholders must be ignored if the project has to be successfully completed. B. Stakeholders have varying levels of responsibility and authority when participating on a project and these can change over the course of the project life cycle. C. Some key stakeholders include project manager, operations management, project team, customers, and sponsor. D. Stakeholder expectations may be difficult to manage, because stakeholders often have very different or conflicting objectives. "

A

"As part of the risk management process, you have just created an overall risk ranking of the project and a list of prioritized identified risks which need additional analysis and determined trends in risk analysis results. What should you do next? A. Analyze the effect of identified risks on overall project objectives B. Create a list of identified risks C. Maintain a risk register D. Make a list of potential responses to the risks "

A

"Identify Stakeholders is the process of identifying all people or organizations impacted by the project and to document: A. Stakeholder interests, involvement, and impact on project success B. Stakeholder needs and address issues as they occur C. Project requirements from stakeholders D. Stakeholder needs and define a communication approach "

A

"In your company, payback period is primarily used as the decision criterion for project selection. Payback period is the: A. Number of years a company takes to get back the invested amount B. Discount rate on an investment that makes present value of all cash inflows equal to present value of all cash outflows C. Duration in which the project gets completed D. Number of years a company takes to make profits equal to the amount invested "

A

"In your new project, you have to provide a critical deliverable within five months and do not have time to go through the Conduct Procurements process. You decide to sign a contract with a supplier with whom your company has done some work in the past. The risk you are accepting in this situation is: A. The ability of the supplier to deliver the goods B. Collusion between the supplier and your team C. Lack of proper scope definition D. Lack of a legally binding agreement "

A

"In your project, you are estimating schedule activity costs by determining the unit cost rates, e.g., staff costs per hour. In this context, which of the following cannot be used to determine resource cost rates? A. Statistical relationship between historical data and other variables B. Gathering quotes C. Standard rates with escalation factors (for contracts) D. Commercial databases or seller published price lists "

A

"In your project, you recently observed conflict among team members. You would like to see that all team members work towards one goal (i.e., successful completion of the project). A conflict handling method that emphasizes similarities rather than differences as means to solve a problem can also be referred to as: A. Smoothing B. Forcing C. Confrontation D. Withdrawal "

A

"Matrix organizations exhibit features of both projectized and functional organizations. In a weak matrix organization, the role of a project manager may be that of a: A. Coordinator B. Manager with considerable authority C. Support person D. Functional manager "

A

"Since the buyer could not meet the requirements of the contract, you (the seller) want to terminate the contract early. This is done in the: A. Plan Procurement Management process B. Control Procurements process C. Close Procurements process D. Conduct Procurements process "

A

"Stakeholder analysis is used to systematically gather and analyze quantitative and qualitative information on stakeholders' level of interest in the project. In this technique e: A. Stakeholders are identified based on degree of interest B. Stakeholder register templates are created C. Stakeholders are influenced to gain support and reduce negative impact D. Stakeholder registers from previous projects are used "

A

"The following are all tools and techniques for the Plan Schedule Management process: A. Expert judgment, Alternatives Analysis, Meetings B. Expert judgment, Leads and Lags, Meetings C. Expert judgment, Schedule network analysis, Rolling wave planning D. Analytical techniques, Meetings, Project management software "

A

"The project team has successfully delivered the final component of a year long project on-budget and ahead of schedule. You, as the project manager, have been offered a promotion due to this great success. The final product has been transitioned into production and post-implementation support requirements have been completed. As part of project closure, what would be done NEXT? A. Create project closure documents B. Release project team C. Update Organizational Process Assets D. Validate Scope "

A

"When does the project manager review prior phase documentation and customer acceptance documentation from the Validate Scope process? A. Close Project or Phase B. Control Scope C. Control Quality D. Manage Quality "

A

"When you encounter constraints as a project manager, in which document will you record the information about these constraints? A. Project scope statement B. Risk register C. Issue log D. Change management plan "

A

"Which of the following data analysis techniques can be used in the Plan Quality Management process? A. Cost of quality B. Interviews C. Benchmarking D. Mind mapping "

A

"Which of the following is a cost of non-conformance? A. Rework B. Scrap C. Equipment D. Liabilities "

A

"Which of the following is referred to as ''''pure logic diagrams''''? A. Activity-on-node diagrams B. Milestone diagrams C. Schedule diagrams D. Ishikawa diagrams "

A

"Which of the following processes can be used to determine the monetary resources required for the project? A. Estimate Costs B. Determine Budget C. Control Costs D. Plan Costs "

A

"While managing a project, you decide to create a prototype of your product first to ensure that it is acceptable to stakeholders before creating your product. This is an example of: A. Risk mitigation B. Risk avoidance C. Simulation D. Project assumptions testing "

A

"You are completing a NASA project for the launch of a weather forecasting satellite. The satellite is being tested for a specific quality metric: Performance under Strong Winds. Quality metrics is an output of which of the following processes? A. Plan Quality Management B. Control Quality C. Manage Quality D. None of the above "

A

"You are considering whether to buy or make a software product. If you want to buy, the cost is $80,000, and the cost of procuring and integrating the product in your company is $1,000. If you want to build it yourself, the product will require seven engineers working for three months. The salary of each software engineer is $4,000 per month. The other related miscellaneous costs allocated to the project are $2,000. Which option will you choose? A. Buy B. Build C. Neither build nor buy D. Need more information on suppliers to make a decision "

A

"You are in the process of performing Develop Schedule process to determine planned start and finish dates for project activities. Which of the following inputs will be helpful in this process? A. Activity attributes, project scope statement, and activity list B. Activity list, activity attributes, and schedule data C. Project calendar, requested changes, and schedule data D. Work performance information, schedule baseline, and performance reports "

A

"You are managing a project to develop an emergency brake to an upcoming new model of RV. In your project, you have to complete building a prototype before testing can begin. This is an example of: A. Mandatory dependency B. Discretionary dependency C. External dependency D. Preferred logic "

A

"You are preparing the communications management plan for your project by using communication requirements analysis. Which of the following statements about communication requirements analysis is inaccurate? A. Requirements are defined by combining the type and format of information needed with an analysis of the cost of that information. B. Project resources are expended on communicating information that contributes to success. C. Project resources are expended on communicating information where lack of communication can lead to failure. D. The intention is to prevent overloading stakeholders with minor details. "

A

"You are reaching project completion, and want to understand whether your project was successful. In this context, for a project to be successful, what is the primary requirement? A. Customer satisfaction B. Exceeding customer expectations C. Meeting the cost and schedule estimates D. Satisfying the requirements of the project sponsor "

A

"You are taking over a project during the planning stage. You have managed to identify five tasks to be completed during the project. Please refer to the table given below: What is the length of the critical path in months? A. 12 B. 10 C. 11 D. 14 "

A

"You are the project manager for XYZ company. The Quality Control team recently identified a large number of defects in the project deliverables which the team had to repair. You have been working for a few weeks with the Quality Assurance team to adjust some quality procedures and address some training issues for your project which the team believes is the reason for the defects. The project is now behind schedule due to the problems encountered. The CPI is currently 1.12 and the SPI 0.82. While discussing the quality issues in a status meeting, a key stakeholder comments that she is alarmed at the potential cost impact of one particular risk and is wondering why it is of little concern to the project team. You are confident that her concern for that particular cost risk is unwarranted at the moment; in fact, you believe there is another risk that is of bigger concern. The following table displays the current risks for your project. Considering that schedule is a concern right now, which risk are you going to tell the stakeholder and other meeting participants is the greatest and is therefore the biggest concern of the team right now? A. A B. B C. A & B D. D "

A

"You are the project manager in a software company. In your project, you want to ensure that all the operational departments in your organization (e.g. information integrity, data architecture group, servers group, etc.) clearly visualize their project responsibilities. Which one of the following helps you achieve this objective? A. Organizational breakdown structure B. Staffing plan C. Project staff assignments D. Resource breakdown structure "

A

"You are the project manager in an aircraft manufacturing company developing a new range of supersonic fighter planes. Since government approval and involvement are essential, you hire a lobbying firm to get government support to prevent unnecessary changes in your project. Which process is this an example of? A. Perform Integrated Change Control B. Risk Management C. Cost Management Plan D. Develop Project Management Plan "

A

"You are the project manager of a manufacturing firm that produces machine parts required in automobiles. During a review, you discover some design requirements are not taken into account. You should: A. Instruct your team to incorporate the requirements and do an analysis to figure out the potential impact. B. Inform your project sponsor that the project may be delayed because of the missed requirements. C. Go ahead with production because incorporating the requirements may delay the schedule. D. Escalate this issue to your senior management. "

A

"You are working in the Project Management Office (PMO) of your organization. Your provide a consultative role to projects by supplying templates, lessons from previous projects etc. In this context, you are part of which type of PMO? A. Supportive B. Controlling C. Directive D. None of the above "

A

"You have been given a high priority task that needs to be completed within a short time frame. Since you know what has to be done, you assign tasks to different team members and tell them when and how the tasks should be completed. The management style that you are following is: A. Directing B. Laissez Faire C. Delegating D. Task-oriented "

A

"You have contracted some work to a vendor, and would like to identify successes and failures that warrant recognition in the preparation or administration of other procurement contracts within the performing organization. This can be performed through: A. Audits B. Contract file C. Contract performance reporting D. Lessons learned documentation "

A

"You have recently assumed charge of a project from another project manager. You want to know what kind of information you should provide to different stakeholders and what methods to adopt for this purpose. You will find this information in the: A. Communications management plan B. Performance reports C. Project records D. Communications plan "

A

"Your company is planning to launch a set of new products in a new market. You are responsible for all the projects related to this initiative. In this context, your role is that of a: A. Program manager B. Project manager C. Functional manager D. Operations manager "

A

"__________________________ is a resource optimization technique in which free and total float are used without affecting the critical path. A. Resource smoothing B. Resource audit C. Heuristics D. Resource breakdown structure "

A

"In a kick-off meeting for your project, you provided information to your team members about the different process groups to be followed in the project. According to PMI, which are the project management process groups? A. Conceptualizing, Initiating, Executing, Monitoring and Controlling, and Closing B. Initiating, Planning, Executing, Monitoring and Controlling, and Closing C. Initiating, Verifying, Executing, Monitoring and Controlling, and Closing D. Initiating, Planning, Executing, Controlling, and Administrative Closure "

B

"In the Plan Quality process, you are using benchmarking as a tool to facilitate quality planning. In this context, which of the following statements about benchmarking is inaccurate? A. Compares actual or planned project practices to those of other projects B. Uses only information from within the performing organization C. Generates ideas for improvement and provides a basis for measuring performance D. Can be within the same or another application area "

B

"In which document will you find the code of account identifier, description of work, responsible organization, and schedule milestones? A. WBS B. WBS Dictionary C. PERT/CPM Charts D. Roles and Responsibilities Matrix "

B

"In your organization, 3 sigma quality processes have been implemented. This means that there is a _____% probability that any result will fall within the 3 sigma range. A. 99.99 B. 99.7 C. 95.4 D. 68.2 "

B

"In your project, your subcontracting requirements of the machining of high-value equipment are very demanding. Hence, you have determined the technical criteria to evaluate the sellers. This is an example of: A. Objective evaluation criteria B. Source selection criteria C. Statement of work D. Work breakdown structure "

B

"As the project manager for a large, complex project, you have been getting complaints from your team, including some of the management team, about all the time being spent on planning. You know that by spending time following the appropriate planning processes, you can prevent many problems during execution. This will save time in the later stages of the project. One of the primary complaints you are hearing is related to the time it takes to create the Work Breakdown Structure (WBS). You are explaining the importance of the WBS to your project team members. Which of the following statements about the WBS is incorrect? A. It is a hierarchical decomposition of project work. B. Planned work contained in the lowest level WBS components are called WBS dictionaries. C. The WBS subdivides the project work into smaller, more manageable pieces of work. D. The WBS organizes and defines the total scope of the project work. "

B

"Quality management complements project management, as both recognize the importance of: A. Exceeding customer expectations using additional features B. Providing customer satisfaction C. Decreasing total scope of ownership of the project D. Decreasing risks associated with outsourcing "

B

"A contract where the buyer reimburses the seller the costs incurred by her and also provides a fixed amount of profit is called a: A. Cost plus incentive fee contract B. Cost plus fixed fee contract C. Time and material contract D. Cost plus award fee contract "

B

"The Scope Management Plan is an important component of the Project Management Plan since it provides direction on how the project scope will be managed throughout the project life cycle. The Scope Management Plan documents: A. Which product requirements will be incorporated B. How project scope will be defined, developed, controlled, and verified C. Which stakeholders are most critical for defining the project scope D. High-level project scope deliverables "

B

"The project team has added some functionalities to the product that are not required as part of the project. However, the customer is satisfied with the product. From a quality perspective, the action of the team is: A. Justified because customer expectations are exceeded. B. Not acceptable, because it constitutes gold plating, which is not a good practice. C. Desirable as this means repeat business from the customer. D. Not ethical as the customer indicated project deliverable is not produced. "

B

"The studio you are working for has assigned you as the project manager for a movie project where the producer left midway due to health issues. As a project manager, you are responsible for meeting the project schedule deadlines. If there is a delay in the project schedule, you should: A. Increase the timeline for the project. B. Fast track or crash the project, and let the management know the impact of this action. C. Ask the resources to work overtime to meet the project deadlines. D. Change the project scope. "

B

"What contains a predetermined list of risk categories that might give rise to individual project risks and that could also act as sources of overall project risk? A. Risk strategies B. Risk prompt list C. Risk register D. Risk report "

B

"Which document provides high-level cost information that is useful when planning for project cost management? A. Cost management plan B. Project charter C. Cost baseline D. Requirements documentation "

B

"Which of the following identifies working days and shifts that are available for scheduled activities? A. Activity lists B. Project calendars C. Schedule compression charts D. None of the above. "

B

"Which of the following is NOT a characteristic of a project life cycle? A. Stakeholder influence, risk, and uncertainty are highest at the start of the project. B. Ability of the stakeholders to influence final characteristics of the project`s product increases as the project progresses. C. The project life cycle determines which transitional actions at the beginning and end of the project are included, so that the project can be linked to the ongoing operations of the performing organization. D. Stakeholder influence, risk, and uncertainty decrease as the project progresses. "

B

"Which of the following statements about the project management team and the project team is inaccurate? A. The project management team is a part of project team. B. The project team supports the project manager in performing the work of the project to achieve its objective. C. The project management team is not directly involved in managing the project. D. For small projects, the project management responsibilities may be shared by the entire team or administered solely by the project manager. "

B

"You are a project manager and you wish to distribute important Source selection criteria that have accumulated since the beginning of the project to all the vendors. In this context, which of the following are possible criteria? A. Capability and capacity B. Delivery dates C. Financial stability of the firm D. Technical expertise and approach A. B, C an D B. All of the Above C. A, B and D D. None of the Above "

B

"You are considering whether to buy or lease a machine for your heavy engineering plant. Your finance department has provided you the following data: The cost of buying the machine (`If you buy`) is $29,000 and the one-time cost of procurement and integration is $1000. The cost of leasing the machine (`If you lease`) involves $10,000 as down payment and $5,000 per month as license fee. What is the breakeven duration after which the buying of the machine is preferable to leasing it? A. 3 months B. 4 months C. 5 months D. Cannot be determined from the available data "

B

"You are half way through a 12-month contract on a high-priority project for your company. The team has been progressing well during execution of the project work. Some of the deliverables have already been approved by the buyer and they seem to be happy with the progress so far. Cumulative CPI and SPI are 1.09 and .98, respectively. Your sponsor comes by your office and you are shocked to hear from her that the buyer has decided to terminate the contract per the terminations clause and move the work to another seller. The buyer asks you to work for the new seller. Your next step is to: A. Accept the new position and bring the project documents with you B. Execute contract closing procedures C. Transfer the effort to the new seller D. Close the contract and contact the new seller to see if the buyer has already spoken to them about you coming on board "

B

"You are managing the release of a new drug in the market. You have been assigned to lead the team to achieve the objectives of the project. In this context, your role is that of a: A. Functional Manager, because you have good functional knowledge of the pharmaceutical industry B. Project Manager, because you are creating a unique product within specific time schedules C. Operations Manager, because you have to do several repetitive tasks D. Program Manager, because you have to manage several projects to do your job effectively "

B

"You are the project manager of a pharmaceutical company responsible for releasing a new drug in the market. During one of the phase closures, you have updated project management plan; risk registers and other registers; project calendars; change management documentation; etc. These documents are referred to as: A. Operational documents B. Project documents C. Phase closure documents D. Lessons learned repository "

B

"You have completed the process of developing options and actions to enhance opportunities and to reduce threats to project objectives. What is your NEXT step? A. Determine which risks may affect the project and document their characteristics. B. Implement risk response plans. C. Define how to conduct risk management activities for a project. D. Assess the priority of identified risks using their probability of occurrence. "

B

"You have fifteen members in your project team. You have called for a project status meeting without prior notice. There have been too many sidebar conversations and arguments. As a result, you have achieved nothing substantial from the meeting. To achieve orderliness in the meeting next time, you should: A. Decrease the number of people in the meeting B. Publish a meeting agenda C. Ensure that you control the channels of communication D. Give incentives to team members for conforming to desired meeting norms "

B

"Your company is constructing a dam, and your project (being performed under an agreement) mandates that you pay compensation to persons displaced because of the project. What kind of constraint is this? A. Social B. Legal C. Environmental D. Humanitarian "

B

"Your sponsor has asked you to use payback period as a selection criterion to select amongst 5 competing projects. In this context, which of the following statements related to payback period is incorrect? A. Payback period is the number of years required to get back the initial investment in the project. B. Payback period takes the discount rate into account to determine the best possible option. C. Payback period is a project selection criterion widely used in conjunction with NPV and IRR to determine the most suitable project. D. The initial investment in the project will not impact the selection criteria when payback period is used for project selection. "

B

"According to the 80/20 rule, 80 percent of the problems are because of 20 percent of the causes. To identify the most probable defects and to evaluate nonconformities, you do a rank ordering of the defects using: A. Statistical sampling B. Control chart C. Pareto diagrams D. Inspection "

C

"As a project manager during the Develop Schedule process, you are now deliberating on the type of schedule presentations you are going to use. The difference between a milestone chart and a bar chart is that unlike bar charts, milestone charts: A. Show activity start and end dates B. Show dependencies among tasks C. Identify the scheduled start or completion of major deliverables only and not all the tasks D. Show supporting details "

C

"As a project manager, you are estimating the costs required to complete the project activities. In this context, which of the following tools or techniques cannot be used? A. Analogous estimating B. Three point estimating C. Historical relationships D. Cost of quality "

C

"As a project manager, you estimate that, in your project, there is: 50% probability of earning $40,000 profit 50% probability of incurring $25,000 loss What is the expected value for the project considering profit and loss possibilities? A. $32,500 B. $25,000 C. $7,500 D. - $7,500 "

C

"As a project manager, you have developed the Schedule Management Plan. You are now in the process of identifying and documenting the relationships among the project activities. You want to ensure that every activity and milestone except the first and last are connected to at least one predecessor and one successor. Which of the following tools can you use for this purpose? A. Published estimating data B. Parametric estimating C. Precedence diagramming method D. Performance reviews "

C

"As a project manager, you want to have an appropriate recognition and rewards system to encourage better performance and reinforce desired behavior. Which of the following statements on recognition and rewards system is incorrect? A. Recognition and reward systems should promote or reinforce desired behavior. B. Recognition and rewards should consider cultural differences. C. Recognition for team members who work extra hours on the weekends. D. Give the team recognition throughout the life cycle of the project rather than wait until the project is completed. "

C

"Based on past estimates, there is a 25% probability for a particular event to occur every year. If a project lasts for three years, what is the probability of the event happening in the third year? A. 15.625 % B. 6.25 % C. 25% D. 75% "

C

"Due to a shift in company objectives, your project is expected to terminate before completion. Team members are scared and disappointed as they learn they will be out of a project. As the project manager, what should you do in this situation? A. Ignore them, they are no longer your concern. B. Talk to the sponsor to try to reinstate the project. C. Delegate to HR for post project staff assignment. D. Call them for a meeting to discuss team members concerns. "

C

"Five tasks have to be completed one after another in your project. The Contract with your Sponsor contains very strict penalties for delays. The schedule reveals that the project has a negative float of three months, which of the following task(s) should be crashed to bring the project on schedule? Please refer to the table given below: A. Task Q B. Task N and Task O together C. Either Task Q or Task N and Task O together D. Task N and Task P together "

C

"Graphical representations of situations showing causal influences, time ordering of events, and other relationships among variables and outcomes are also referred to as: A. Cause-and-effect diagrams B. System flow charts C. Influence diagrams D. Simulation diagrams "

C

"In the Develop Schedule process, you create a distribution of probable durations for each activity and use it to calculate the distribution of probable results for the total project. The technique that you are using is: A. Parametric estimating B. Mathematical analysis C. Simulation D. Resource leveling "

C

"In your company, the project manager shares responsibility with the functional manager to assign priorities and directs the team members of the project. In this case, it is NOT the responsibility of the project manager to: A. Plan resources B. Manage cost and budget C. Carry out performance appraisal of project team D. Define tasks "

C

"In your project, probabilities are estimated and the alternatives are expected to be as follows: 25% probability for $ 25,000 profit 50% probability for $ 40,000 profit 25% probability for $ 100,000 profit What is the expected profit in your project? A. $ 40,000 B. $ 50,000 C. $ 51,250 D. $ 53,750 "

C

"In your project, you actively manage stakeholders engagement in order to meet their needs and expectations. Doing this is very beneficial, however, it may not help to: A. Increase the likelihood of stakeholders` acceptance of the project goals B. Influence and negotiate expectations of stakeholders to achieve project goals C. Ensure stakeholders` awareness of all project details D. Uncover and discuss stakeholder issues and concerns "

C

"In your project, you are aggregating the estimated costs of individual activities to establish an authorized cost baseline. For this purpose, which of the following will NOT be used as an input? A. Resource calendars B. Scope baseline C. Cost baseline D. Basis of estimates "

C

"Stakeholders, including consultants, customers, sponsors, and professional and technical associations, are some of the sources of: A. Enterprise environmental factors B. Organizational process assets C. Expert judgment D. Risk monitoring and control "

C

"The processes used in Project Stakeholder Management are A. Identify Stakeholders, Plan Stakeholder Management, Manage Stakeholder Expectations, and Control Stakeholder Expectations B. Identify Stakeholders, Plan Stakeholder Communications, Manage Stakeholder Engagement, and Control Stakeholder Engagement C. Identify Stakeholders, Plan Stakeholder Engagement, Manage Stakeholder Engagement, and Monitor Stakeholder Engagement D. Identify Stakeholders, Stakeholder Management Plan, Manage Stakeholder Engagement, and Control Stakeholder Engagement "

C

"The project manager has created the project schedule. In this context, which of the following activities would the project manager NOT use schedule control for? A. Influencing the factors that create schedule changes B. Determining if the project schedule has changed C. Determining planned start and finish dates for project activities D. Managing actual schedule changes as they occur "

C

"The project scope statement consists of the product scope description and project deliverables. It also includes the: A. Scope Baseline B. WBS C. Acceptance criteria D. WBS dictionary "

C

"What are Tuckman`s stages of group development in their respective order? A. Forming, Norming, Storming, Performing, Adjourning B. Forming, Storming, Smoothing, Performing, Adjourning C. Forming, Storming, Norming, Performing, Adjourning D. Forming, Norming, Storming, Performing, Closing "

C

"Which cost estimating technique costs the least and saves the most time? A. Parametric estimating B. Bottom-up estimating C. Analogous estimating D. Three-point estimates "

C

"Which document provides high-level schedule information that is useful when planning for project schedule management? A. Schedule management plan B. Activity list C. Project charter D. Schedule baseline "

C

"Which of the following exhibits greatest resistance to change? A. Business requirements B. Technology C. People D. Environment "

C

"Which of the following is a data representation tool used in the Plan Quality Management process? A. Benchmarking B. Multi-criteria decision analysis C. Mind-mapping D. Cost of quality "

C

"Which of the following processes establishes the approach and level of management effort needed for managing project resources? A. Develop Team B. Control Resources C. Plan Resource Management D. Acquire Resources "

C

"You are a project manager in a large software development organization. It is a primary objective in your company to deliver quality products, with a low rate of errors and a high product acceptance rate by your customers. The company has made significant investments in a robust system to support these corporate objectives and goals. When developing contracts for software development projects, it is standard that the customer is required to follow rigorously defined processes for user acceptance testing which must be conducted each time a module is completed. The customer is also required to notify the project manager, in writing, that the software module was tested and whether it was acceptable or not. This user acceptance testing, and the resulting notification is part of which process? A. Control Scope B. Collect Requirements C. Validate Scope D. Perform Quality Assurance "

C

"You are a project manager. You have received a request from the stakeholders to provide more features to the product. Which tools and techniques do you use to process the request through ""Perform Integrated Change Control"" process? A. Expert judgment and risk identification B. Change control tools and project document updates C. Expert judgment, meetings, and change control tools D. Expert judgment, meetings, and stakeholder analysis "

C

"You are in the execution stage of your project. Due to the strategic importance of your project for the organization, the CEO of the company wants to be kept in the loop and wants all project communications to be copied to her too. Where will you add this information? A. Project reports B. Change logs C. Communication management plan D. Issue log "

C

"You are managing a project. Your company has set a pre-defined budget for you to work with. In this context, a pre-defined budget is considered as a: A. Risk B. Assumption C. Constraint D. Stage point "

C

"You are preparing a document using business case, benefits management plan, agreements, agreements, enterprise environmental factors, and organizational process assets. These are valid inputs for: A. Develop Project Management Plan B. Direct and Manage Project Work C. Develop Project Charter D. Perform Integrated Change Control "

C

"You are responsible for the development and launch of a NASA satellite. Your role is that of a: A. Project Manager B. Project Coordinator C. Program Manager D. Functional Manager "

C

"You are the project manager in an automobile manufacturing company. Machine parts required in your manufacturing process supplied by a vendor did not reach in time because of heavy rains. You had anticipated this risk and planned for it in your risk response plan. So, as per your risk response plan, you started using unutilized machine parts supplied one year ago. However, this has subjected your project to a new risk - the machine parts which were not used for one year suffer from higher level of defects. This new risk can also be called: A. Unidentifiable risks B. Unmanageable risks C. Secondary risks D. Residual risks "

C

"You are the project manager of a complicated construction project, which involves building highways in the state of North Carolina. You have several groups working with you in the project. To plan resources for this project and determine connection between activities you should preferably use: A. Staffing pool description B. Staffing management plan C. Responsibility assignment matrix (RAM) D. Organization matrix "

C

"You are the project manager of a project which involves off-shore oil exploration. Since you cannot plan for all eventualities, you establish a contingency reserve, including amounts of time, money, or resources to handle the risks. This is an example of: A. Risk avoidance B. Risk transfer C. Active risk acceptance D. Improper risk planning since all risks should be identified and accounted "

C

"You are the project manager responsible for developing a software application based on customer requirements. Which technique do you use in order to consider the customer`s change request? A. Interpersonal and team skills B. Project selection methods C. Expert judgment D. PMIS "

C

"You recently took over the management of a construction project. The project is in the executing phase and the previous project manager has left the organization. You realize the project is seriously behind schedule and over budget. After talking with the project team, and discussions with the project management team regarding the issues, you still have not been able to discern the reason for the schedule variances. The team is working well, and from what you can see, should be on schedule and within budget. As you begin to review the progress that has been made so far, and compare that to the schedule, you see that certain tasks have taken significantly longer and incurred more costs than originally estimated. The site preparation work was estimated to take one month, but actually took two months and cost 30% more than anticipated. Pouring the foundation was scheduled to take two weeks, but actually took three weeks and again cost more than planned. Paving the parking area also took longer than expected. Your analysis also indicates that the period during which these activities were being carried out had much more rain than normal. Based on this information, what would be the MOST LIKELY reason for the variances in the project schedule and budget? A. The scope was not well defined B. The project manager was not ensuring that scope verification was being done C. Assumptions used in the planning processes were not valid D. Integrated Change Control was not being performed "

C

"Your company has decided to outsource one of its IT product developments to ABC IT Services through a contract. You clarify the structure and requirements of the contract so that mutual agreement can be reached prior to signing the contract. Which of the following statements on procurement negotiations are correct? A. You have to discuss technical and business management approaches, proprietary rights, overall schedule, payments, and price. B. At the end of the procurement negotiations, you will have a contract document executed by both buyer and seller. C. The project manager is the lead negotiator on the procurements. D. Final contract language will reflect all agreements reached. A. B, C an D B. Only B and D C. A, B and D D. All of the Above "

C

"Your quality process did not meet the four sigma requirements desired by your customer. So, some of your products were rejected and there is a possibility that you would not receive repeat business from the customer. From a quality perspective, the costs associated with the rejected products can also be categorized as: A. Cost of conformance B. Customer retention costs C. Failure costs D. Performance costs "

C

"A flow chart is a diagram, which shows how various elements of a system relate and includes tools like ""cause and effect diagrams"" and ""flowcharting."" As a project manager, you find ""cause and effect diagrams"" a useful tool for: A. Showing the relationship between two variables B. Identifying which factors may influence specific variables of a product or process under development or in production C. Determining whether or not a process is stable or has predictable performance D. Illustrating how various factors might be linked to potential problems or effects "

D

"As a project manager, you are responsible for managing changes to the project scope. If, at the end of the project, a customer wants a major change in the scope of work, you should: A. Reject the change B. Make the required change C. Escalate the matter to senior management D. Let the customer know about the impact of the change "

D

"As a project manager, you are using the configuration management system to centrally manage approved changes and baselines within the project. Which of the following is NOT a configuration management activity? A. Record configuration item status B. Identify configuration Item C. Perform configuration item verification and audit D. Produce product status account "

D

"During the Validate Scope process, you formalize acceptance of the project deliverables and keep the project focused on the business need for which it was undertaken. This should be done: A. At the beginning of the project B. At the end of the project C. When required by the project sponsor D. After getting verified deliverables from the Control Quality process "

D

"Early termination of a contract is a special case of contract closure. This can happen because of: A. Default of the buyer B. Default of the seller C. Mutual agreement of the parties D. Any of the above reasons "

D

"In a fixed price contract, the buyer decides to increase the scope of work to make the product better. In this case, which of the following can the buyer NOT do? A. Issue a contract change request B. Start another fixed price contract to do the additional work C. Start another cost reimbursable contract to do the additional work D. Cancel the existing contract and start a new contract "

D

"In which of the following cases is a contract NOT legally binding? A. The seller is not able to produce goods as part of the contract. B. The signatory to the contract leaves the company. C. The buyer is not able to satisfy financial obligations. D. The contract violates the law of the land. "

D

"In your project, while decomposing the project work into more manageable components, you are aware of the problem of excessive decomposition. Which of the following is NOT the consequence of excessive decomposition? A. Non-productive management effort B. Inefficient use of resources C. Decreased efficiency in work performance D. Better knowledge of activity sequences "

D

"In your project, while doing scope verification of the product, the customer points out that a particular work component performed by a team member is not as per specification. You review the project WBS and confirm that the customer is correct. What would be your NEXT step? A. Put the particular requirement through the change control process B. Call a meeting of your project team to discuss this requirement C. Escalate the issue to your project sponsor D. Review the requirement and talk with the team member who implemented the requirement "

D

"In your project, you are creating a diagram that describes the decision under consideration and implications of choosing one or another of the available alternatives. This will help to: A. Get a qualitative analysis of the risk B. Determine which risks may have the most impact on the project C. Translate the uncertainties at a detailed level into potential impact on objectives expressed at the level of the total project D. Determine which decision yields the greatest expected value "

D

"In your project, you are determining project roles, responsibilities, and reporting relationships. Which of the following is not an input to this process? A. Enterprise environmental factors B. Organizational process assets C. Activity resource requirements D. Project organization charts "

D

"In your project, you are performing several actions to execute the project management plan and to complete the work defined in the project scope statement. You will be involved in: A. Identifying corrective or preventive action to control the project performance B. Settling or closing any contract agreement established for the project C. Creating a document that will formally authorize the project D. Collecting information about the completion status of the deliverables and other relevant details about project performance. "

D

"In your project, you have created a list of identified risks and responses for each risk. You should document this information in the: A. Risk management plan B. Risk database C. Project plan D. Risk register "

D

"In your project, you have established tools to ensure that appropriate information is available to project stakeholders in a timely manner. In this context, if there is a conversation taking place using a sender-receiver model, which of the following statements is NOT correct? A. The sender is responsible for making the information clear, unambiguous, and complete. B. The receiver confirms that the information is properly understood. C. The receiver is responsible for ensuring that the information is entirely received and understood. D. The receiver should agree with the sender about the message being communicated "

D

"In your project, you use product analysis to translate high-level product descriptions into tangible deliverables and requirements. Which of the following techniques is not used in product analysis? A. Value engineering B. Value analysis C. Product breakdown D. Alternatives identification "

D

"In your project, you wish to manage procurement relationships, monitor contract performance, and make changes and corrections as needed. Which of the following would you not use? A. Agreements B. Work performance data C. Procurement documentation D. Project schedule "

D

"Make or buy analysis does not consider which of the following techniques to decide whether to include something as part of the project or purchase it externally.? A. ROI B. Payback period C. NPV D. Reserve analysis "

D

"Project Risk Management includes all the processes concerned with conducting risk management planning, identification, analysis, response planning, and monitoring risk on a project. In this context, which of the following statements about risk is not accurate? A. Risk is an uncertain event or condition. B. Risks have to be identified and properly managed. C. Risk management should be done throughout the project. D. Risk have a negative impact on the project objective. "

D

"The CEO of ABC bank is concerned about the increase in ""call answering time"" in the bank`s call center (i.e., customers have to wait longer for their calls to be answered by an operator). She wants to improve call center processes to decrease the ""call answering time."" What should the CEO do to address the situation? A. Set up a PMO B. Assign a very competent project manager to manage activities in the call center C. Move to a projectized organizational structure D. Continue with a functional organizational structure, and try to streamline activities "

D

"The process of identifying the project needs that can be met by acquiring products outside the project organization is done as part of: A. Conduct Procurements B. Control Procurements C. Initiate Procurements D. Plan Procurement Management "

D

"There are two projects: Investment in project A is $1,000,000 and its NPV is $100,000 Investment in project B is $1,200,000, its net cash inflows are $2,000,000, and net cash outflows are $1,900,000 Which project should be selected if net present value (NPV) criterion is used for selection? A. Project A B. Project B C. The information in the question is inadequate D. Either project A or project B "

D

"Which of the following aspects of a project is NOT the responsibility of a project manager? A. Keep the project on track in terms of schedule and budget B. Identify, monitor, and respond to risk C. Provide accurate and timely report of project metrics D. Ensure integrity of project team members "

D

"Which of the following is NOT a characteristic of a project? A. Constrained by limited resources B. Planned, executed, and controlled C. Creates a unique product or service D. Ongoing and repetitive "

D

"Which of the following is a purpose of the resource management plan? A. It provides guidance to the project manager on acquiring resources from outside the team. B. It provides guidance to the project manager on identifying the project and product scope necessary to meet the project objectives. C. It provides guidance to the project manager on scheduling project management activities. D. It provides guidance to the project manager on categorizing and managing project resources. "

D

"Which of the following is the most widely used contract type? A. Cost plus incentive fee contracts B. Fixed price incentive fee contracts C. Cost plus award fee contracts D. Firm fixed price contracts "

D

"Which of the following statements on quality planning is inaccurate? A. Quality planning is performed in parallel with the other project planning processes. B. During quality planning, you should be aware of governmental regulations, rules, standards, and guidelines specific to the application area. C. You can use DOE to help identify which factors may influence specific variables of a product or process under development. D. During quality planning, you can use change requests to take corrective or preventive action or to perform defect repair. "

D

"Which of the following statements related to Life Cycle Costs is incorrect? A. Life cycle costs include direct and indirect costs. B. Life cycle costs include periodic or continuing costs of operation and maintenance. C. In the selection criteria for two projects, even if one project has a lower NPV, it may be selected if it has a lower life cycle cost. D. Life cycle costs are the responsibility of a project. "

D

"Which of the following tools and techniques would you NOT use in your project during the Plan Risk Responses process? A. Strategies for negative risks or threats B. Contingent response strategies C. Expert judgment D. Simulation "

D

"Which of the following types of costs is not incurred toward ensuring compliance to requirements? A. Prevention costs B. Appraisal costs C. Quality planning costs D. Warranty costs "

D

"You are a project manager for a $50 million project that is highly complex and involves more than 100 people. To successfully execute the project, you decide to break it down into smaller manageable units. Which of the following processes will you use? A. Control Scope B. Collect Requirements C. Define Scope D. Create WBS "

D

"You are developing project management plan for your project, which of the following should you consider for inclusion as a component of the project management plan? A. Procurement management plan B. Schedule baseline C. Configuration management plan D. Quality register "

D

"You are given the following four projects. Which project will you select? A. Project A with an opportunity cost of $100,000 B. Project B with a benefit-cost ratio of 0.75 C. Project C with an IRR of -2% D. Project D with NPV of $100,000 "

D

"You are in the build phase of a Build-Operate-Transfer (BOT) project, which has run into several unanticipated problems. Several risks have surfaced which you had not anticipated earlier. The project is over-budget and significantly behind schedule. What should you do? A. Create updates to risk response plan B. Create a revised project plan C. Perform risk audits D. Perform updated risk identification and analysis "

D

"You are in the process of creating a risk management plan for your project. This plan will describe how risk management will be structured and performed on the project. Your risk management plan may include: A. Avoid, transfer, mitigate, and accept risks B. Risk audits, reserve analysis, and technical performance measurement C. Risk audits, triggers, and inputs to other processes D. Risk strategy, Funding, and risk categories "

D

"You are in the process of identifying the relevant stakeholders in the project. In this context, which of the following is/are relevant output(s) of this process? A. Stakeholder register and Stakeholder Management Plan B. Stakeholder Management Strategy C. Organizational process assets updates D. Stakeholder register "

D

"You are in the process of of defining how to estimate, acquire, manage, and use team and physical resources. You will be doing as part of: A. Control resources B. Estimate activity durations C. Acquire resources D. Plan Resource Management "

D

"You are performing a make-or-buy analysis. In which of the following cases would you not prefer making the product/service in-house? A. The item under consideration is a capital item which can be used for other projects in the same organization (in other words, there is an ongoing need for the item). B. Your organization is going through a slack period, and some resources, who can produce the product in-house, are underutilized. C. The item under consideration is a proprietary or business critical product which is a part of the core business for the company. D. The item under consideration is not part of your core business, but your company has the skills for developing the product in-house, if required. "

D

"You are the project manager in a company where you have maximum authority. To which organizational structure does your company belong? A. Functional B. Weak Matrix C. Strong Matrix D. Project-oriented "

D

"You are the project manager in a pharmaceutical company and you are involved in managing stakeholders' engagement to satisfy their needs and addressing any issues as they are identified. In this context, which of the following is NOT a relevant output? A. Project document updates B. Change requests C. Project management plan updates D. Stakeholder Management Plan "

D

"You are the project manager of a construction company. You know that the builders start painting the walls 30 days after they start installing the drywall. This waiting time can also be referred to as: A. Lead time B. Project float C. Constraint D. Lag "

D

"You are the project manager of a software company. You need ideas for project and product requirements. Which of the following techniques will you use? A. Flowcharting B. Idea/Mind Mapping C. Nominal Group Technique D. Brainstorming "

D

"You had conducted an independent estimate to find out the cost of sub-contracting the manufacturing of 1,000,000 ball-bearings for your automobile company. You estimated the cost to be $500 per bearing. However, when you asked for bids and proposals from prospective sellers, the minimum price quoted was $750 per bearing. Which of the following can be a reason for the variance in the estimate? A. The procurement statement of work was not clear. B. The prospective sellers misunderstood the procurement statement of work. C. The procurement statement of work was not sufficient. D. There have not been major changes in the cost of material and labor since last year. A. B, C and D B. Only B and C C. All of the Above D. A, B and C "

D

"You have reached the end of the design phase of your project. You decide to call a ""phase end review"" for obtaining authorization to close the design phase and initiate the next phase (i.e., execution phase) of your project. In this context, you should review which of the following documents: A. Business Case B. Project Charter C. Benefits Management Plan D. All of the above "

D

"You, as the project manager, are planning to document relevant information on interests, involvement, influence, and impact of project stakeholders. Which of the following processes should you follow? A. Stakeholder Analysis B. Plan Communications Management C. Manage Stakeholder Engagement D. Identify Stakeholders "

D

"Your company CEO wants to set up a Project Management Office (PMO) in the company. You have been assigned the responsibility to define the scope of work for the PMO. In this context, which of the following is NOT the function of a PMO? A. Help manage shared resources B. Bring order and organize communications across projects C. Provide support functions like training and mentoring D. Define specific strategic objectives "

D

"Your company has developed a software product to analyse 'big data' From Multiple Sources. While performing beta testing with a small sample of users, you notice that the product has defects because of the following reasons: - Non-compatibility with the operating system (20%) - Bugs in the software (22%) - Difficulty in understanding instruction manuals (20%) - Non-availability of desired features (15%) - Others (23%) Which of the following techniques is best suited to illustrate the causes of these problems? A. Flowchart B. Quality Checklist C. Scatter Diagram D. Histogram "

D