PM-special attention questions

If total estimated cost is 100K, how much is it reasonable to expect that the cost will not overrun

110K

146. The three principal interests in maintaining good document control are: a. Timely communication, collection of performance appraisal data, and assuring proper disposal of sensitive documents b. Timely communication, maintain proper approvals, and communication cost control c. Effective communication, ability to reconstruct why decisions were made, and historical value d. Security, change management, and procedural documentation

146. C Effective communication, ability to reconstruct why decisions were made, and historical value

153. During a project meeting a disagreement between two members of the project team began. The disagreement was over a technical detail of the project. The project manager was in attendance in the meeting. It is important that the conflicting opinion of the two team members be resolved as quickly as possible. It is even more important that the difference of opinion be resolve correctly. What should the project manager do? a. The project manager should make the decision right away to save time and not let the two disagreeing parties stay in disagreement very long b. End the meeting and give everyone a few days to cool off c. Assign someone to find out more factual information about the problem d. The project manager should suggest a compromise between the two disagreeing team members

153. C Assign someone to find out more factual information about the problem

154. In the communication model, communications between the sender and the receiver often are affected by communications barriers. These include all of the following except: a. Cultural differences b. Differences in motivation c. Educational differences d. Lack of a communications device

154. D Lack of a communications device

155. A project manager has one member of the project team working on a critical problem. The person working on the problem verbally communicates to the manager that this correction to the problem will probably cost $1,000. Which form of communication should the project manager use to respond to the team member? a. Written b. Oral c. Form letter d. Formal

155. B Oral

209. The project plan should be all of the following EXCEPT: A. A formal document B. Distributed to stakeholders in accordance with the communications management plan C. Approved by all project stakeholders. D. Used to manage project execution.

C. Approved by all project stakeholders.

231. Reserve Analysis a technique NOT used in: Cost Estimating Cost Budgeting Cost Control Estimating Activity Duration

Cost Control

207. Your team is hard at work on their assigned project tasks when one team member discovers a risk that was not identified during risk planning. What is the FIRST thing to do? A. Halt work on the project. B. Update the risk management plan. C. Look for ways to mitigate the risk. D. Assess the risk.

D. Assess the risk.

233. Project Cost Management Plan is created as a part of: Develop Project Management Plan process Cost Estimating process Cost Budgeting process Cost Control process

Develop Project Management Plan process

232. A Project with a total funding of $100,000 finished with a BAC value of $95,000. What term can BEST describe the difference of $5,000? Cost Variance Management Overhead Management Contingency Reserve Schedule Variance

Management Contingency Reserve

Sum of year's digits method (SYD)

Next the digits in the years of the asset's useful life are summed: 1 + 2 + 3 + 4 + 5 = 15. In the first year of the asset's life, 5/15 of the depreciable amount (5/15 of $150,000) or $50,000 will be debited to Depreciation Expense and $50,000 will be credited to Accumulated Depreciation. In the second year of the asset's life, $40,000 (4/15 of $150,000) will be the depreciation amount. In the third year, $30,000 (3/15 of $150,000) will be the depreciation. The fourth year will be $20,000 (2/15 of $150,000) and the fifth year will be $10,000 (1/15 of $150,000). As indicated earlier, the total depreciation during the asset's useful life needs to sum to the depreciable cost (in this case $150,000) regardless of the depreciation method used.

227. Root Cause Analysis relates to: Process Analysis Quality Audits Quality Control Measurements Performance Measurements

Process Analysis

226. Process Analysis is a function of: Performance Analysis Quality Metrics Process Improvement Plan Quality Improvement Plan

Process Improvement Plan

225. Alice is a Project Manager. She is coordinating a bidder conference to allow vendors to get clarification on the work that needs to be performed. Which phase of Project Management is in progress. Request Seller Process Plan Contracting Select Sellers Contract Administration

Request Seller Process

228. Trend Analysis is often performed using: Cause and Effect Diagram Control Charts Pareto Chart Run Chart Scatter Diagram

Run Chart

"13. Any numbering system that is used to monitor project costs by category such as labor, supplies, or materials, for example, is called a. Chart of accounts b. Work breakdown structure c. Universal accounting standard d. Standard accounting practices"

a

"22. An example of scope verification is: a. Reviewing the performance of an installed software module b. Managing changes to the project schedule c. Decomposing the WBS to a work package level d. Performing a benefit-cost analysis to determine if we should proceed"

a

"5. You are managing a project that is in process. A large and unexpected problem occurs that will cause a delay in the schedule in excess of the contingency schedule for the project. What should you do? a. Look at other tasks in the schedule and see which ones should be reduced to allow time for this problem to be worked b. Reduce testing on the completed tasks c. Require mandatory overtime for the project team d. Speak to the stakeholders about getting additional time and budget for the project"

a

"7. You are the project manager for a project that has high visibility. Your manager wants you to prepare a presentation for him to present at a conference. Most of the material in the presentation will be facts that are the results of your project. Your manager intends to present the material under his own name. Your name will not appear. What should you do? a. Refuse to work on the presentation unless you are listed as a coauthor b. Do the work as you were told by your manager c. Present your own presentation d. Meet with your manager's manager and discuss the problem"

a

100. A control chart is being used to control a manufacturing process. As part of the control asample of five parts is taken from the manufacturing process each hour of operation.Each of the five parts is measured and the dimension is recorded on the work sheet. Thedifference between the highest and lowest measured dimension of the five parts isplotted on the control chart. This is called which of the following values? a. R b. R bar c. X d. X bar

a

143. Project human resources management is divided into which of the following? a. Organization planning, staff acquisition, and team development b. Leadership, team building, and negotiation c. Recruitment, labor relations, and personnel administration d. Team building, communication, and labor relations

a

79. The time-phased cost of the project that reflects the expenditures rather than the consumption of a resource that will be used to measure and monitor cost performance on a project is the: a. Spending plan b. Cost baseline c. WBS d. Schedule

a

82. Lifecycle costing: a. Is a method of including all of the cost associated with the project over its entire life b. Is a federal government accounting method c. Is a method of predicting the life of a project d. Is a method of evaluating projects when they are complete

a

162. A project manager is faced with making a decision about a risk that the team has identified. The risk involves the design of a bicycle. It has been found that the neck of the bicycle, where the steering bearing is located and the two supporting bars of the frame come together, will corrode in a high salt environment. If this takes place the neck may fail and injure the rider. The project team decides that the design of the bicycle should be modified by using corrosion resistant materials in the design of the neck. This will eliminate the risk from consideration. This technique is called: a. Risk avoidance b. Risk acceptance c. Risk rejection d. Risk deflection

a. Risk avoidance

168. The effect of risk on schedule dates for the project creates an array of dates that are possible for project completion. In a typical project the most likely date for the project will have which of the following relationships with the expected value for the project completion date? a. The most likely date will be earlier than the expected value date b. The most likely date will be later than the expected value date c. Both dates will have the same likelihood d. The most likely date and the expected value date will occur at the same time

a. The most likely date will be earlier than the expected value date

"12. Decomposing the major deliverables into smaller, more manageable components to provide better control is called: a. Scope planning b. Scope definition c. Scope baselining d. Scope verification"

b

"31. A new project has begun. The project charter has been written and the project manager has been assigned. The project manager is preparing the work breakdown structure for the project. The WBS is typically used for: a. Explaining the scope of the project relevant to the client b. The basis for organizing and defining the total scope of the project c. Showing the resource conflicts that exist in the project d. The logical relationship between tasks in the project"

b

"9. Which of the following is the example of a conflict of interest? a. You are the fourth cousin of a vendor supplying parts to a project in your company b. You are the owner of a company that is supplying parts to a project that you are managing c. You receive a gift from a supplier of parts for your project d. A supplier tells you sensitive information, in confidence, that allows you to select another supplier for your project"

b

63. A task was scheduled to use two persons, full time, and take two weeks to complete.Instead, the project manager was only able to assign one person to this task. At the endof two weeks, the person assigned to the task was 75% complete. What is the costperformance index? a. 0.75 b. 1.5 c. 1.33 d. .5

b

73. What characteristic best describes the cost baseline? a. Total budget for the project b. Time-phased budget for the project c. Total budget for the project including the contingency budget d. Total budget for the project including the contingency budget and the management reserve

b

99. A project manager has discovered a problem and is trying to determine the cause. Theprocess whereby he identifies the variables that have the most influence on the projectby holding all the variables constant and changing one at a time is called: a. Product correlation b. Design of an experiment c. System integration d. Output processing

b

170. In probability theory, what is the probability that if you roll two dice (cubes with consecutive numbers 1 to 6 on each of the six faces) you will have at least one 6? a. 1/3 b. 11/36 c. 1/36 d. 1/6

b. 11/36

41. A project manager is managing a project that has reached the end of planning phase. The work scope has been agreed to and definitive cost estimates have been completed for the project. The total estimated cost of the project is $100,000. It is reasonable to expect that the project will not cost over which of the following value? a. $100,000 b. $110,000 c. $125,000 d. $175,000

b. 110K

157. Statements such as "It's never been done before: or "It will cost a fortune" are examples of: a. Feedback b. Communication blockers c. Conflict generators d. Forcing

b. Communication blockers

175. In the Monte Carlo technique, what is the critically index? a. The number of days the project will be late divided by the project duration b. The percent of time a given activity will be on the critical path c. The percent of time an activity will be late d. The sum of the duration of the critical path activities divided by the project expected value for duration

b. The percent of time a given activity will be on the critical path

"10. You are the project manager for a large project that is completed on time and on budget. The customer and all of the stakeholders are pleased with the results. As a direct result of the successful completion of the project, your manager approves a bonus of $25,000 for you. There are fifteen members of the project team. One of the people in the project team has been a very low contributor to the project; the other fourteen have all been above standard. What should you do with the money? a. Keep the money yourself; you deserve it. And the manager gave it to you b. Divide the money equally among all the team members c. Ask the team members how they would divide the money d. Divide the money equally among the team members except for the substandard team member"

c

"21. A project manager makes a narrative description of the work that must be done for her project. This is calle a. Project plan b. Control chart c. Statement of work d. Project objective "

c

"24. Configuration management is: a. Used to ensure that the description of the project product is correct and complete b. The creation of work breakdown structure c. The set of procedures developed to ensure that project design criteria are met d. A mechanism to track budget and schedule variances"

c

"36. A project manager works in a company favoring the weakest authority for the projectmanager the type of organization that holds the project manager to be the weakest is: a. Projectized organization b. Strong matrix organization c. Weak matrix organization d. Balanced matrix organization"

c

"37. A project manager has been asked by the client to meet the promise date of the project. The project manager analyzes the schedule before promising a date to the customer. The project manager uses the program evaluation and review technique to evaluate the project schedule. She decides that based on the PERT calculations she can promise a delivery date of June 30. The expected value of the project completion date is May 30. If the project manager is willing to accept a 5% probability that the project will be delivered later than June 30, what is the standard deviation of the duration of the activities on the critical path? Assume a five-day workweek. a. Ten days b. Fifteen days c. One-half month d. One month"

c

"38. A project is proposed to a customer. Price and schedule for delivery are agreed upon. The work breakdown structure is agreed to as well. The customer requests that one of the milestones of the project be completed by a certain date. The project schedule is reviewed, and it is found that the expected completion date for this milestone is considerably earlier that the date requested by the customer. The date for this milestone is which of the following? a. Consideration b. Summary activity c. Constraint d. Suggestion "

c

"6. You are the project manager for a large project. Some members of the project team have come to you and asked that they be permitted to work on a flexible schedule. Some of the other team members feel that it is important that all team members be on site at all times unless they are absent for business reasons. What should you do? a. Turn down the request for flexible time schedules b. Accept the request for flexible time schedules c. Arrange a meeting of the project team members and allow them to decide d. Discuss this problem with your manager and act on the results of the meeting"

c

101. The totality of characteristics of an entity that bear on its ability to satisfy stated or implied needs is the definition for: a. Modern quality management b. Quality assurance c. Quality d. Quality control

c

102. A large project is being worked on by a large company. The client is interested in knowing how the company will be able to meet the quality needs of the project. In order to satisfy this request of the client the project manager arranges a meeting between the client and the: a. General manager b. Quality control manager c. Quality assurance manager d. Chief designer

c

105. The quality manager of a company wishes to analyze the data that is coming to him in the form of a list of defects that have occurred in the shipping department. The report comes with defects listed chronologically as they occurred, the cost of the repair necessary to correct each defect, the person involved, and a description of the defect. The manager would like to determine which of the defects should be corrected first according to the frequency of the defect occurring. He should use which of the following quality tools? a. Cause and effect diagram b. Sampling inspection c. Pareto diagram d. Quality critical path

c

144. A project manager wants to do as much as she can to help in developing her project team. A key barrier to project team development is which of the following? a. Strong matrix management structure b. Major problems that delay the project completion date or budget targets c. Team members who are accountable to both functional and project managers d. Formal training plans that cannot be implemented

c

75. A project team receives an approved change request from customer. The team has previously estimated that the cost to implement this change is $10,000. The customer has agreed to pay this amount for the additional work. The customer realizes that there is a 50 percent chance that this change will not work and will later be removed. What change, if any, should be made in the budget? a. The project budget should not be increased b. The project budget should be increased by $15,000 c. The project budget should be increased by $10,000 d. The project budget should be increased by $5,000

c

96. Decisions as to the types of projects that should be accomplished and strategic plans asto the quality of the projects that are required should be the decision of which of thefollowing? a. Project manager b. Procurement manager c. Upper management d. Stakeholders

c

97. According to Deming and Juran most of the quality problems that exist are due to adefect or failure in processes that are controlled by: a. The project manager b. The procurement manager c. Upper management d. Stakeholders

c

98. A project manager is managing a large project and must consider the application of aquality management plan. One of the critical factors in such a plan is the cost ofimplementing the plan. The project manager should: a. Invoice the client for all quality improvements b. Implement the highest quality possible regardless of cost c. Implement quality improvements as long as the benefits outweigh the costs d. Rely on upper management to determine the quality budget

c

179. In managing the risk of the project schedule we are managing the risk that the project will not be delivered or completed on time. If we assume that the project's possible completion dates are normally distributed and we promise the client the most likely of the project's possible completion dates, what is the probability that the project will be delivered late? a. 5% b. 10% c. 50% d. 77%

c. 50%

196. The project team has delivered a deliverable to the customer. The deliverable contains defects that are easily correctable. There is a good relationship with the customer and the customer agrees to make the repairs and correct the defects on the item and invoice supplier for the work that was done. This is considered to be a: a. Bid cost reduction b. Payment authorization c. Back charge d. Release payment

c. Back charge

171. A project manager is looking at the risk associated with the project schedule. Realizing that if the risks occur the project will be delivered to the stakeholders late, the project manager decides to consider the risk and promise delivery later than the most likely project completion date. He then takes the time between the promise date and the most likely completion date and distributes it among the activities of the project schedule. This creates float in the schedule. This process is called: a. Schedule delay b. Critical chain scheduling c. Buffering d. Contingency scheduling

c. Buffering

193. Forward buying will: a. Decrease storage cost b. Decrease capital investment c. Decrease transportation costs d. Decrease inventory

c. Decrease transportation costs

185. The Monte Carlo technique can be used to: a. Determine the amount of contingency budget needed for the project b. Determine the amount of the management reserve c. Determine the critically index for an activity in the schedule d. Determine the risk index for a risk in the project

c. Determine the critically index for an activity in the schedule

190. A project manager is employed by a construction company and is responsible for the furnishing of the completed building. One of the first things that the project manager for this project should do is to write a: a. Work breakdown structure b. Budget baseline c. Project charter d. Project plan

c. Project charter

198. A buyer extends a formal invitation that contains a scope of work that seeks a response that will describe the methodology and results that will be provided to the buyer. This is called: a. Invitation to bid b. Request for information c. Request for proposal d. Request for bid

c. Request for proposal

163. A problem occurs in the design of a grocery cart. In this case it is determined that the wheels will wear out much quicker in areas of heavy snow and ice because the salt will corrode the wheel bearings. Using sealed bearing wheels will significantly increase cost, and it is determined that the carts themselves will be rusty and damaged at about the same time the wheel bearings begin to fail. By injecting the wheel bearings with a high temperature grease the life of the wheel bearings is increased considerably. The project recommends using the high temperature grease. This is called: a. Risk acceptance b. Risk avoidance c. Risk mitigation d. Risk deflection

c. Risk mitigation

156. Who is responsible for communications for the project team? a. The human resources representative b. The representative from the management information systems department c. The project manager d. The communications department

c. The project manager

161. A project manager discovers that there is a part of the project that contains some risk. His strategy with this risk is to subcontract the work to an outside supplier by using a firm fixed-price contract. Which of the following must the project manger do? a. The project manager should make certain that the project team does not reveal the risk to the supplier until the contract is signed b. The project manager should make every effort to make sure that the supplier is made aware of the risk after the contract is signed c. The project manager should make sure that the supplier understands the risk before the contract is signed d. The project manager should assign a member of the project team to monitor the activity of the supplier to make sure that the supplier deals with the risk properly if it occurs

c. The project manager should make sure that the supplier understands the risk before the contract is signed

62. Resource leveling will generally: a. Reduce the time needed to do the project b. Increase the total time necessary to do all the tasks c. Reduce the over utilization of resources d. Reduce resources to the lowest skill that is possible

c. reduce over utilization

61. Which of the following is true? a. The critical path is the path through the network that has the highest total duration b. The critical path is the path with the least amount of free float c. The critical path is the list of activities that have zero float d. The critical path is the list of activities that have critical risks associated with them

c. zero float

71. A project manager and the project team identify several specific risks in a project. The expected value of these risks is estimated at $10,000. The impact on the project brought about by these risks is estimated at $40,000. What value should be entered into the management reserve for these risks? a. $10,000 b. $40,000 c. $0 d. $25,000 72. A project manager and the project team identify several specific risks in a project. The expected value of these risks is estimated at $10,000. The impact on the project brought about by these risks is estimated at $40,000. What value should be entered into the contingency reserve for these risks? a. $10,000 b. $40,000 c. $0 d. $25,000

c: 0 and a: 10K

"23. The process of establishing clear and achievable objectives, measuring their achievement, and adjusting performance in accordance with the results of the measurement is called a. Strategic planning b. Contingency planning c. Detailed planning d. Management by objectives"

d

"39. A project manager is managing a project. The original scope baseline of the project was budgeted at $100,000. Since work on the project started there have been seventeen authorized and approved changes to the project. The changes have a value of $17,000 and the cost of investigating them prior to their approval was $2,500. What is the current budget for the project? a. $100,000 b. $114,500 c. $117,000 d. $119,500"

d

78. In terms of earned value reporting, a project is considered complete when: a. The BAC is equal to the PV b. The EV is equal to the AC c. The PV is equal to the AC d. The BAC is equal to the EV

d

169. A project manager is reviewing the risks of her project. One of the risks she is reviewing has an impact of $25,000 and an associated probability of 10%. The risk is associated with an activity that is the predecessor to seven other activities in the schedule. All eight activities are on the critical path. The seven other activities have a budget of $75,000. What is the expected value of this risk? a. $10,000 b. $100,000 c. $25,000 d. $2,500

d. $2,500

200. The project team is considering whether to purchase a service or do it themselves. One of the items that should not be considered in their analysis is: a. The seller's price b. The cost and availability of floor space at the team's facility c. The seller's technical staff d. A competitor's method of outsourcing

d. A competitor's method of outsourcing

178. Goldratt's critical chain theory says that in order to reduce risk in schedules we should: a. Start activities in the feeder chains as early as possible b. Start activities in the feeder chains as late as possible c. Start activities in the critical chains as early as possible d. Add buffer to the critical chains

d. Add buffer to the critical chains

192. Under a blanket order arrangement, which of the following is correct? a. The cost of carrying the inventory is borne by the buyer b. The seller delivers all of the material ordered at one time c. Payments for all of the material are made at one time d. At the end of the blanket order, prices are adjusted for the actual amount of material delivered

d. At the end of the blanket order, prices are adjusted for the actual amount of material delivered

195. The equivalent of cost-reimbursable contracts is frequently termed: a. Back-charge contracts b. Fixed-price contracts c. Progress payment contracts d. Cost-plus contracts

d. Cost-plus contracts

194. Which of the following would not be a part of the procurement management process? a. Purchasing b. Contract negotiations c. Inspection d. Marketing

d. Marketing

159. There are many ways to organize projects. The persons involved with these projects have several titles that describe their management responsibilities. Which of the following titles describes a person who has a primary responsibility for communications? a. Project manager b. Project manager in a strong matrix environment c. Project manager in a weak matrix environment d. Project expediter

d. Project expediter

Diff between QA and QC

quality assurance, the process or set of processes used to measure and assure the quality of a product, and quality control, the process of meeting products and services to consumer expectations

Classify Stakeholder Engagement By:

unaware resistance neutral supporting leaving