C722 Practice Test 2
A project manager receives three estimates from the project team for the amount of time it will take to replace the flooring in a renovation project, depending on how much damage they find while doing their demolition work. The pessimistic estimate is 18 days. The optimistic estimate is 8 days. The most likely estimate is 10 days. What is the beta distribution estimate for this task?
11 days
A project manager receives three estimates from the project team for the amount of time it will take to replace the flooring in a renovation project, depending on how much damage they find while doing their demolition work. The pessimistic estimate is 18 days. The optimistic estimate is 8 days. The most likely estimate is 10 days. What is the triangular distribution estimate for this task?
12 days
In which case is a one-point duration estimate likely to be the most accurate choice?
An experienced consultant working on a routine project
A publisher is putting together a holiday catalog for a toy manufacturer. They know from previous projects that the costs are fairly consistent based on the number of items to be included in the catalog. Approximately 25% of the costs are associated with graphic design and layout. 20% of the costs come from labor hours meeting with the client. 30% come from editors, proofreaders, and other quality assurance staff. 15% is charged to paper, ink, and printing. 10% pays for postage and shipping. What type of estimation method is being used?
Apportion
Which of the following is often used as the project transitions from the defining to the planning phase and it requires that an overall project cost be provided based on the customer's budget or similar projects?
Apportion method
Each project team member generated a series of questions to evaluate three projects. A checklist was then compiled into one list based on the frequency of question content, such as personnel, materials, experience, and time.What is a disadvantage of using this checklist approach?
Biases have not been eliminated.
After the work breakdown structure for a custom construction project is developed, the project manager asks each team member how long they expect their tasks will take. What type of estimation method is being used?
Bottom-up
A three-year project to design and build a large conference center has been approved. What type of budget would be used?
Calendarized
Which of the following documents are created during project planning?
Calendarized Budget
A newly established PMO asks management, employees, and project management staff to submit questions to be used as criteria for prioritizing projects. They plan to use all submitted questions and weight them based on how many people submit the same question. What type of project selection model is being used?
Checklist
Documents best practices, lessons learned, and project costs
Clarity regarding who is in charge and who answers to whom
Which group is included in the five process groups?
Closing process group
After a proposed project change has been approved by the sponsor, what is the next step in the change management process?
Communicate the change to stakeholders
When is the risk register monitored and updated?
Continuously
Which of the following risks would be considered high probability and low severity?
Copy machine runs out of paper
A project to open a new restaurant before the next holiday has a penalty clause of $1000 per day if the contractor completes their work late in order to account for lost sales. Which of the triple constraints would be contractually adjusted if the launch date is missed?
Cost
In Project A, the contract specifies that time is very important. All of the scope must be completed, or the project will fail. The project's objective requires the project team to work as quickly as possible.Which triple constraint can be adjusted to permit the project team to work as quickly as possible?
Cost
A project manager has identified activities in a calendarized budget.What is the appropriate next planning action this project manager should take to utilize the cost, duration, and sequencing information for these activities?
Creating project schedules
Which of the following activities are completed during project execution?
Creating the project deliverables
Which of the following is an advantage of the functional organization?
Customer issues are responded to quickly.
Project proposal; develop work breakdown structure; monitor budget and schedule; after action review
Defining
The business case is documented during which project phase?
Defining
A weak matrix organizational structure is most similar to which of the following?
Departmental
An IT director has some extra money in the budget and wants to do some early upgrades to some of the company's production systems. The IT department is appropriately staffed, with many experienced personnel who have worked on putting in place the majority of the existing systems used by the company. What type of duration estimation approach would be used?
Deterministic
Which of the following is an important step during the project closeout phase?
Documenting formal acceptance of project deliverables
What is an important benefit of a company establishing a PMO?
Documents best practices, lessons learned, and project costs
Which of the following is an important reason to monitor project costs?
Ensure money is available to pay for expenses when planned
During which project phase is the majority of the project work completed?
Executing
What are the three categories of risk in the project risk register?
External, technical, or organizational
A project with vaguely defined project phases using experimental technologies would be a good candidate for which project management method?
Extreme
True or False. A cost of business defines the product of the project and contains information such as the project objectives and project deliverables.
False
True or False. Developing an understanding of the project overview, project justification, general objectives, risks, and constraints prepares the project team to meet with project sponsors to identify specific project requirements.
False
True or false. Projects are important to organizations because they provide managers with a clear direction
False
A small-scale pilot is testing the efficiency of several available technologies for a large upcoming hydroelectric project. Due to a federal grant program ending, the PM is asked to complete the pilot ahead of schedule so the large project can begin before the deadline. If the team tests the technologies in parallel instead of sequentially as planned, what schedule compression technique is being used?
Fast-tracking
Which of the following precedence relationships is the most common?
Finish-to-Start
Executives at a small regional hospital are working to prioritize projects for the coming year. Due to election-year discussions surrounding the future of several government healthcare programs, they are worried about selecting a project that will become obsolete. What project selection model would help them choose the best projects in spite of changing conditions?
Flexible
A firm begins its strategic business initiative of developing a new business model to enhance its competitiveness.What can be identified as a strategic business initiative for this firm?
Improvement in product design
An office supply store is starting a project to provide a new service to their customers. Which of the following strategic goals would be achieved by this project?
Increasing the delivery area served by existing locations
A firm begins its strategic business initiative of developing a new business model that will allow the firm to deliver an efficient, tailored service to its customers. To accomplish this, the firm initiates a business management project.Which aspect of project management applies to this firm's project?
Interdependent tasks
Why are phase-gates an effective tool for some projects?
It provides a clean exit point after some initial work is completed
Which advantage does the functional (departmentalized) organizational structure provide for a firm with multiple projects?
Lines of authority are clear.
A small company without a PMO is planning on only doing two projects next year and cannot afford to hire a consultant. As they consider how to prioritize among several proposed projects, what is a criterion that will drive the model used to select the top projects?
Low cost
Which of the following project manager roles or responsibilities focuses on leading project meetings and making sure team status updates are delivered clearly?
Managing
A chain of grocery stores undertakes a project to replace card readers in their checkout lines with a new technology consistent with current banking regulations and encryption standards since the old technology is being phased out by their bank. What project selection model is being utilized in this situation?
Operating necessity
Each project team member generated a series of questions to evaluate three projects. The checklist was compiled into one list based on frequency of question content, such as personnel, materials, experience, and time. The more frequent the question content, the more likely the questions would be asked first.Which two benefits result from this checklist approach?
Operational impact has been built in. Strategic impact has been integrated.
A new project team is made up of people from several different departments. Due to the way workspaces are designed and the number of project team members, there is no space large enough for all team members to meet together in their weekly meetings. What type of risk is this?
Organizational
What is a project deliverable?
Outcomes of project work handed off to others
Which of the following are project management organizations or standards commonly used by companies to structure their project management processes?
PMBOK PRINCE@
Which organization oversees the PMP certification?
PMI
Which of the following activities are completed during the project closing?
Pay outstanding invoices
Which of the following measures calculates the amount of time it should take to recoup the cost to implement a project?
Payback Period
During which project phase is the work breakdown structure developed?
Planning
Which two processes are considered iterative processes?
Planning Executing
Which of the following is a disadvantage of the projectized organization?
Policies and procedures may be applied inconsistently.
Which of the following would a firm establish to organize needed changes to support a long-term goal or objective?
Portfolio
Which of the following documents are created during project initiation?
Project Charter
Which of the following is a disadvantage of the matrix organization?
Project closeout tasks are often challenging, especially in strong matrix organizations.
A newly established PMO asks management, employees, and project management staff to submit questions to be used as criteria for prioritizing projects. They plan to use all submitted questions and weight them based on how many people submit the same question. What is the benefit of using this approach?
Project impact to all departments will be considered
Which of the following is a valid reason for early project termination?
Project is inconsistent with current company strategy
Which of the following activities are properly ordered from beginning to end?
Project proposal; develop work breakdown structure; monitor budget and schedule; after action review
Which of the following is used to document the approach the project team will take to carry out the work of a project?
Project scope
A firm begins a strategic business initiative of developing a new business model that will allow the firm to deliver an efficient, tailored service to its customers. Which stakeholder would have triggered this strategic business initiative?
Project sponsor
A project manager wants to understand and document the approvals that must be obtained for each work package in the work breakdown structure (WBS).Which tools document the approval requirements for each work package?
Project statement of work (SOW) Requirements traceability matrix (RTM)
An organization expects to use a project management office (PMO) to support multiple projects that will be implemented within a projectized organizational structure.Which implied effect is a benefit to this organization?
Project team members gain access to historical data from other projects.
A representative from the PMO is assigned to review the progress and performance of the project manager and team members on each project the company carries out. The PMO uses any feedback to update templates, improve estimations for future projects, and ensure standards are being followed. What is this an example of?
Quality audit
A manufacturing company is reviewing potential projects for the coming year based on the CEO's request to reduce overhead costs. Which of the following projects would best align with the company's desired business strategy?
Replacing warehouse lighting with higher efficiency bulbs and motion sensors
Which of the following activities happen during monitoring & controlling?
Resolve conflicts among team members
A new project manager is taking over for the previous PM who is no longer with the company. As she starts getting to know the project team, which of the following tools would give the new PM the best snapshot of who all the project team members are and their individual roles on the project?
Resource responsibility matrix
Which of the following includes the project activities to be completed for a project as well as the stakeholders who are charged with completing those activities?
Resource responsibility matrix
While comparing proposed projects for next quarter, management tells the PMO not to worry about how long it takes to earn back the cost of the selected projects but rather to focus on maximizing the amount of money earned or saved over the long term. What numeric selection model is being used?
Return on Investment
Which of the following tools would be used to analyze all activities and tasks in a project and determine the positive and negative risks associated with each?
Risk Breakdown Structure
Which of the following is a knowledge area of the PMBOK?
Risk Management
An organization has a surplus of project dollars in the operating budget. The senior leader's decision is to fund one more project with the remaining funds. Of the three projects proposed, one of the projects was selected without evaluation of feasibility or viability.Which non-numeric model is this leader using?
Sacred cow
An IT director has some extra money in the budget that needs to be spent by the end of the quarter or else next year's budget will be reduced by that amount. She asks team members to make suggestions regarding which critical production systems could benefit from some early upgrades. Which of the triple constraints is most flexible in this situation?
Scope
Halfway through a project to upgrade the heating and air conditioning in an office building, an executive asks the project manager if they could also rip out a wall between two unused offices and turn them into a small conference room while they're at it. The project manager figures the needed personnel is already on-site, and it would only take some minor adjustments to the plans for the new ducts. Any additional costs could be covered by the contingency reserves. What is this an example of?
Scope creep
Incomplete documentation in the defining and planning phases leads to what phenomenon later in the project?
Scope creep
A project manager is working on a large two-year IT project. At the end of the first year, the project is two months behind schedule because the interface programming is taking longer than planned. The sponsor will not extend the deadline or the budget but is willing to eliminate an interface.Which schedule compression technique can the project manager use?
Scope reduction
Which of the following is a benefit of creating a resource histogram?
Shows peaks and valleys in planned labor hours for use in resource leveling
The customer of a project validates that scope has been completed for the second of three segments of the project.Which closure practice does this describe?
Stage completion
Which of the following is the highest level of project management maturity for an organization according to the OPM3?
Sustained
At the end of week 4 of an 8-week project, the PM submits a report to management to update them on their progress. The overall project budget is $10,000. They have completed 40% of the project work and have spent $4500 on labor costs. Which of the following is a valid conclusion for the project manager to include in her report?
The CPI of .9 predicts that the project will finish moderately over budget
The expected completion date of a project has arrived, but the project is not done. If the PM runs an earned value analysis, what would be an expected result based on what we know about the project?
The SPI will be less than 1.0
Which two organizations are examples of organizations with the functional organizational structure?
The U.S. Department of State The U.S Department of Energy
Which of the following is an advantage of the projectized organization?
The organizational structure is simple, flexible, and easy to understand.
Which of the following is an advantage of matrix organizations?
There is more opportunity to have access to the most appropriate SME.
Why are estimates such as those used in the 50-50 and 0-100 rule commonly used in calculating the Earned Value of a project?
They minimize disruption to team members
A large construction project to build apartments to house athletes for the upcoming Olympic games is underway. If anything starts getting off track, which triple constraint would not be appropriate to adjust?
Time
A project with clearly defined outcomes and phases, little to no volatility, and well-known technologies would be a good candidate for which project management method?
Traditional
A project manager and her team do a make/buy analysis and determine that even though they have the expertise in-house to build a new security system for the company's warehouse, they will outsource the project to a vendor. The vendor has an existing product with full technical support provided in the contract. What type of risk response is this?
Transfer
True or False. In addition to identifying responsibilities, the roles and responsibility matrix is an aid in identifying activities that may not have adequate personnel assigned.
True
True or false. A project is an activity or group of activities to generate a new, unique product or service.
True
True or false. As part of the project defining phase, customer requirements are refined into measurable goals such as a product release dates, price points, and functionality.
True
True or false. PMI's foundational standards provide frameworks and processes in the areas of project, program and portfolio management and the Organizational Project Management Maturity (OPM3).
True
True or false. Stakeholder engagement is the process of communicating and interacting with stakeholders in a way that keeps them interested and focused on their involvement in the project.
True
True or false. Work breakdown schedules (WBS) ensure that everyone understands what has to be delivered and who is responsible to do what when.
True
A general contractor is managing a construction project that will add a new conference room to an existing office building. The project was documented in a fixed-price contract that specified a completion date. The contract includes a damages clause imposing a late completion penalty if the conference room is not ready for use by the due date. One month into the implementation, the customer wants to modify the room's lighting equipment. The requested change will delay the project's critical path by three months.Which process should be used to maintain the existing baseline?
Using a change management system to influence performance
The project manager is authorizing final payments on outstanding invoices and asks the project team to submit documentation to show whether all procured items have been received and match expected quality levels. What is this process an example of?
Vendor-closing checklist
As part of a lessons learned review, the project manager is putting together a list of survey questions for team members to fill out. Which of the following questions needs to be rewritten before sending out the finalized survey?
Which team members should not be assigned to future projects; why not?
Which output is needed prior to using the bottom-up estimating technique?
Work breakdown structure
