Project Management + PT#2
You are asked to prepare an estimate for a project that involves planting new trees in the parking lot. The trees cost $800 each, and the labor to install them is $75 per hour. You are planting 10 new trees, and each tree takes one hour of labor to plant, stake, and water. What is the estimated cost of the labor for this project, and which technique are you using to determine this estimate? Choose two. 1) $8,000 2) Three-point estimate 3) Bottom-up method 4) $750 5) Analogous method 6) Parametric method 7) $8,750
$750 parametric method
Which of the following is not a benefit of a WBS? 1) A WBS is an excellent tool for team building. 2) A WBS helps prevent critical work from being overlooked. 3) A WBS can become a template for future projects. 4) A WBS can be used to describe how the deliverables will be validated.
A WBS can be used to describe how the deliverables will be validated. SCOPE MANAGEMENT PLAN describes how the deliverables will be validated.
Which of the following is a characteristic of a WBS? Question 1 options: 1) A cost center structure for the project that describes the work of the project and the costs per work component to complete the deliverables 2) A deliverables-oriented chart of the work of the project with assignments showing the project teams responsible for the work components 3) A deliverables-oriented structure that describes the detailed tasks required to complete the deliverables 4) A deliverables-oriented structure that defines the work of the project
A deliverable-oriented structure that defines the work of the project.
What is the definition of a project? Choose two. 1) A group of interrelated activities that create a unique benefit to the organization 2) Through the use of project management techniques, which are repeatable processes, a series of actions that are performed to produce the same result multiple times 3) A temporary endeavor undertaken to create a unique product, service, or result 4) A process used to generate profit, improve market share, or adhere to legal requirements 5) A time-constrained endeavor with assigned resources responsible for meeting the goals of the project according to the quality standards
A temporary endeavor undertaken to create a unique product, service, or result. A time-constrained endeavor with assigned resources responsible for meeting the goals of the project according to quality standards.
You have identified a risk on your project, and the team decides they won't create a response plan; if the risk happens, they'll deal with consequences when they occur. This is an example of which risk strategy? 1) Exploit 2) Avoid 3) Mitigate 4) Accept
Accept
Your project sponsor has instructed you to use a methodology that allows for continuous feedback and also uses self-organized and self-directed teams. Which methodology does this describe? 1) PMI® 2) PRINCE2 3) Agile 4) Waterfall
Agile
Your project sponsor has just signed the project charter. You held the kickoff meeting, and everyone on the team is anxious to get started on the work of the project. You are having a tough time holding them back and tell them you need to develop the work breakdown structure, schedule, and communication plan as a start. Which of the following is true regarding this scenario? 1) You've just completed the Initiating process. 2) Your team wants to jump right to the Executing process. 3) The next step in the project lifecycle is to begin the Planning process group. 4) The project sponsor has approved resources and funding for the project. 5) All of the above.
All of the above
You have just posted an RFP and have invited the vendors to participate in a meeting to ask questions about the work of the project. What is this meeting called? 1) RFP conference 2) Bidders conference 3) Procurement communication conference 4) Sellers conference
Bidders conference
What is considered the most accurate estimate? 1) Analogous estimate 2) Bottom-up estimate 3) Estimates based on expert judgment 4) Parametric estimate
Bottom-up estimate analogous is the least accurate because it relies on expert judgment.
A WBS is created using a technique called decomposition. What is decomposition? 1) Matching resources with deliverables 2) Breaking down the project deliverables into smaller, more manageable components 3) Estimating the cost of each individual deliverable 4) Creating a detailed to-do list for each work package
Breaking down the project deliverables into smaller more manageable components.
The project sponsor will approve the final deliverables of the project. On a RACI chart, how would this be designated? 1) R 2) I 3) A 4) C
C RACI = Responsible, accountable, consulted, and informed.
How is burn rate typically calculated? 1) CV 2) Determining spending rates over time 3) CPI 4) AC—PV
CPI Cost Performance Index
Which of the following general management skills does a project manager employ up to 90 percent of their time? 1) Programming 2) Communicating 3) Leading 4) Problem-solving
Communicating
You are a project manager for a telecommunications company assigned to a project to deploy a new wireless network using a technology that does not have a proven track record. One of the key stakeholders introduces a change that could impact the schedule. Which of the following does this describe? 1) Communication method 2) Factor influencing communication 3) Communication trigger 4) Communication preferences
Communication trigger stakeholder change isa communication trigger
A discretionary fund used by the project manager to cover the cost of possible adverse events during the project is known as which of the following? 1) Management reserve 2) Chart of accounts 3) Contingency fund 4) Cost baseline
Contingency fund
This type of contract is the riskiest for the buyer. 1) Time and materials 2) Fixed price 3) Fixed price plus incentive 4) Cost reimbursable
Cost reimbursable
You want to assure version control of project documents and provide a collaborative platform for team members and stakeholders to review and update certain documents. You could use all of the following knowledge management tools to accomplish this except which one? 1) Wiki pages 2) Intranet site 3) Dashboards 4) Collaboration software
Dashboards isn't a knowledge management tool.
This phase is where the work of the project is performed. 1) Planning 2) Monitoring and Controlling 3) Initiating 4) Executing
Executing
The executives in your organization typically choose which projects to perform first by reviewing the business case and then determining, based on their experience with similar projects, which will likely perform well and which will not. What form of project selection method is this? 1) Business case analysis 2) Expert judgment 3) Feasibility analysis 4) Decision model technique
Expert judgement
Which of the following is the "best" type of project ending? 1) Extinction 2) Addition 3) Integration 4) Starvation
Extinction
Interorganizational differences, personal preferences, rapport building/relationship building, and technological factors are examples of which of the following? 1) Factors influencing communication methods 2) Specific stakeholder communication requirements 3) Communication triggers 4) Determining the target audience and rationale
Factors that influence communication methods
Which of the following is true for float? 1) It's calculated by adding the durations of all tasks and dividing by the number of tasks. 2) It's time that you add to the project schedule to provide a buffer or contingency. 3) It's the amount of time an activity can be delayed without delaying the project completion date. 4) It is calculated only on the longest path of the project schedule.
Float is the amount of time an activity can be delayed without delaying the project completion date.
Governance gates include all of the following except for which one? 1) Assigning a go/no-go decision point 2) Obtaining client sign-off 3) Securing management approvals 4) Obtaining legislative approvals 5) Assuring the work is performed correctly
Governance gates objectives: client sign-off, management approval, legislative approval. They make go/no-go decision points.
What is the technique of looking at the trade-offs between producing goods or services internally vs. procuring it from outside the organization? 1) Cost estimating 2) Vendor selection criteria 3) Staff augmentation 4) Make-or-buy analysis
Make-or-buy analysis
You are in the process of determining the cost baseline. All of the following are used in the cost baseline except for which one? 1) Management reserves 2) Chart of accounts 3) Human resource cost estimates 4) Materials and equipment estimates
Management reserves
You are working in a matrix organization. Choose two responses that describe this type of structure. 1) Project resources are members of another business unit and may or may not be able to help you full-time. 2) Matrix organizations can be structured as strong, weak, or balanced. 3) Project managers have the majority of power in this type of structure. 4) This organizational structure is similar to a functional organization. 5) Employees are assigned project tasks by their project manager in this type of structure.
Matrix organizations can be structured as strong, weak, or balanced. Employees are assigned tasks by their project manager in this type of structure.
Which of the following describes the difference between deliverables and milestones? Choose two. 1) Milestones are used to measure performance. 2) Deliverables are used to measure performance. 3) Milestones are an output or result that must be completed in order to consider the project complete. 4) Deliverables are an output or result that must be completed in order to consider the project complete.
Milestones are used to measure performance Deliverables are an output of result that must be completed in order to consider the project complete.
What organization is recognized worldwide for setting project management standards? 1) PMC 2) PMI® 3) PMP 4) CompTIA
PMI
Your project task is complex and you decide to use a three-point estimating technique. Which of the following options determine the three-point estimate? Choose three. 1) Quantity estimate 2) Work package level estimate 3) Materials estimate 4) Pessimistic estimate 5) Resource estimate 6) Rate estimate 7) Optimistic estimate 8) Most likely estimate
Pessimistic estimate, optimistic estimate, and most likely estimate.
The Closing phase addresses which of the following? Choose three. 1) Project sign-off 2) Lessons learned 3) Governance processes 4) Change control closeout 5) Integration plan is put into place. 6) Deliverables verification
Project sign-off, lessons learned, and integration plan is put into place. Also closing contracts, releasing resources, and archiving documents occur.
You have added a checkpoint in the project schedule to determine whether the work is accurate. What is this called? 1) Governance gate 2) Quality gate 3) Approval gate 4) Checkpoint gate
Quality gate
This person is responsible for understanding the information correctly and making certain they've received all the information. 1) Sender 2) Messenger 3) Project manager 4) Receiver
Receiver
One of the key project team members is assigned to two other projects. The project schedule shows this resource needed during the same time they're needed on one of the other projects. What does this describe? 1) Resource allocation 2) Interproject resource contention 3) Resource shortage 4) Resource conflict
Resource shortage
Your project is to be performed outdoors. You are only four days from the big event, and there is a hurricane headed for shore. This is an example of which of the following? 1) Risk 2) Assumption 3) Deliverable 4) Constraint
Risk Risks are potential future events that can be positive or negative.
This document describes the goods or services you want to procure from outside the organization. 1) RFQ 2) RFP 3) RFI 4) SOW
SOW Statement of work
You have an important message to deliver to stakeholders. Which of the following should the project manager do? 1) Write the message in an email and distribute it to those who need to know. 2) Tailor the communication method based on the content of the message. 3) Call an impromptu meeting. 4) Set up a voice conference meeting.
Tailor the communication method based on the content of the message.
Which of the following options are processes in the project management process groups? Choose three. 1) Risk 2) Initiating 3) Monitoring and Controlling 4) Procurement 5) Scope 6) Planning
The 5 project management process groups: initiating, planning, executing, monitoring and controlling, and closing.
You are asked to present and explain your project cost baseline. All of the following are true except which one? 1) The baseline will be used to track actual spending against the cost estimates. 2) The baseline can be used to predict future project costs. 3) The baseline is calculated and approved by the project manager. 4) The baseline is the total expected cost for the project.
The baseline is calculated by the project sponsor not the project manager.
Your project evolved over time into an ongoing operation. What type of project ending is this, and what are your next steps? Choose two. 1) The next step is to write the project close report. 2) The next step is to inform the project sponsor and stakeholders the project has ended. 3) The project ending is because of integration. 4) The project ending is because of addition. 5) The next step is to perform a postmortem analysis.
The project is ending because of addition. The next step is to perform a postmortem analysis. Integration occurs when the resources of a project is reassigned.
What is the focus of the lessons learned report? 1) The report should cover both the positive and negative aspects of the project, with suggestions for improvement. 2) The report should primarily summarize the results of the project schedule, the budget, and any approved scope changes. 3) The report should focus on the project deliverables and any issues that were created by the customer. 4) The report should cover what went well during the project and should determine which team member or business unit was responsible for failures or issues.
The report should cover both the positive and negative aspects of the project, with suggestions for improvement.
You are working on your network diagram. Activity A is a predecessor to Activity B. Activity B cannot begin until Activity A is completed. What is this telling you? 1) There is a mandatory dependency between Activity A and Activity B. 2) There is a finish-to-start dependency relationship between Activity A and Activity B. 3) Activity A and Activity B are both on the critical path. 4) Activity B is a successor to multiple tasks.
There is a finish-to-start dependency relationship between Activity A and Activity B.
Your project team is located in differing time zones. You need to hold a kickoff meeting and decide to use which communication method? 1) Video conferencing 2) Email 3) Fax 4) Voice conferencing
Video conference The purpose of kick off meeting is for team members to introduce themselves.
All the following are elements of the project kickoff meeting except for which one? 1) Introductions 2) Overview of goals and objectives 3) High-level budget overview 4) Roles and responsibilities overview 5) WBS overview 6) Stakeholder expectations
WBS overview
This vendor selection method weighs various criteria from the RFP and SOW, scores each vendor on each of the criteria, and determines an overall score for each vendor. 1) Weighted scoring model 2) Screening system 3) Seller rating system 4) Independent estimates
Weighted scoring model
Your system engineer has started making negative comments during your weekly team meeting. He has had a heated argument with the marketing manager, and you have heard from various team members that he has become difficult to work with. What is the best course of action for you to take? 1) You should write a memo to the system engineer's functional manager and request a replacement as soon as possible. 2) The system engineer is critical to the project, so you should give him some slack and wait to see whether the behavior stops. 3) You should confront the system engineer openly at the next team meeting. Let him know that his behavior is unacceptable and that he will be replaced if there is not an immediate change. 4) You should schedule an individual meeting with the system engineer to determine whether he has issues with the project that need to be resolved. Get his perspective on how the project is progressing and how he feels about his role.
You should schedule an individual meeting with the system engineer to determine whether he has issues with the project that need to be resolved. Get his perspective on how the project is progressing and how he feels about his role.
The high-level scope definition describes which of the following? 1) Reason for the project 2) High-level deliverables of the project 3) Objectives of the project 4) All of the above
all of the above
Which of the following describes influences? 1) Influences can impact, change, or create a new constraint. 2) Scope creep is an example of an influence. 3) Change request is an influence. 4) Interaction between constraints is an example of an influence. 5) All of the above 6) A, B, D
influences can be: change request, scope creep, constrain reprioritization, interaction between constraints, stakeholders/sponsors/management
What is the term for a group of related projects managed in a coordinated fashion? 1) Life cycle 2) Phase 3) Process group 4) Program
program
This component of the project charter describes the characteristics of the product of the project. 1) Milestones 2) Deliverables 3) Project description 4) Goals and objectives
project description
What is the lowest level of the WBS? 1) Work package 2) Level 5 3) Milestone 4) Activities
work package
