PMP® Practice Quiz

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PMP® Practice Quiz - 20

The probabilistic analysis of the project is an input to which part of the risk management process? *

1 point

Identify Risks

Perform Qualitative Risk Analysis

Perform Quantitative Risk Analysis

Plan Risk Responses

What is the Delphi technique commonly used for? *

1 point

Identifying risks

Decomposition of requirements into work packages

Verifying scope

Calculating the critical path

Your best programmer is an independent contractor. Recently, you learned that she is working on a project in the evening for one of your competitors. Your BEST course of action is to: *

1 point

Replace her.

Get her to sign a non-disclosure agreement.

Inform her that you do not allow your contractors to work with your competition, and ask her to choose.

Limit her access to sensitive data.

While visiting the country where a new branch office is being built, you are told that you must pay a US $5,000 fee to the government permit officer to obtain the facility permit required by law to start construction. The construction company tells you this is standard practice and is required by law. What should you do? *

1 point

Pay the fee.

Refuse to pay the fee.

Have the construction company pay the fee.

Have the customer pay the fee.

The project is just starting out and consists of people from 14 different departments. The project charter was signed by one person and contains over 30 major requirements that must be met on the project. The sponsor has informed the project manager that the SPI must be kept between 0.95 and 1.1. A few minutes of investigation resulted in the identification of 34 stakeholders, and the schedule objectives on the project are constrained. A project manager has just been hired. Which of the following types of project management power will BEST help the project manager gain the cooperation of others? *

1 point

Formal

Referent

Penalty

Expert

Formal written correspondence with the customer is required when: *

1 point

Defects are detected.

The customer requests additional work not covered under contract.

The project has a schedule slippage that includes changes to the critical path.

The project has cost overruns.

Which of the following BEST describes the difference between the Control Scope process and the Perform Integrated Change Control process? *

1 point

Control Scope focuses on making changes to the product scope and Perform Integrated Change Control focuses on making changes to integration.

Control Scope focuses on controlling the scope of the project and Perform Integrated Change Control focuses on determining the impact of a change of scope on time, cost, quality, risk, resources, and customer satisfaction.

Control Scope focuses on controlling the scope of the project and Perform Integrated Change Control focuses on making changes to integration.

Control Scope focuses on making changes to the product scope and Perform Integrated Change Control focuses on determining the impact of a change to scope, time, cost, quality, risk, resources, and customer satisfaction.

Project A has an initial investment of $ 3 million, out of which $ 1.5 million has been spent. Project B, which meets the same objectives as project A, requires only $ 1.6 million for completion. Which project should you select? *

1 point

Project A.

Project B.

Neither project A nor project B.

Both project A and project B.

If the team cannot identify a suitable response to an identified risk, which risk response strategy would they apply? *

1 point

Avoidance

Mitigation

Acceptance

Transference

All of the following are true of project baselines EXCEPT: *

1 point

They are included in the original approved project management plan.

They include approved scope changes.

They are useful in detecting project variances.

They are useful in preparing the WBS.

The executing process group corresponds to what part of the plan-do-check-act cycle? *

1 point

Plan

Check

Act

In an organization, project managers report directly to the head of a Project management office (PMO). In this case, which statement is probably NOT true? *

1 point

The head of the project management office can strengthen the matrix as a manager of project managers.

The project management office will actually be responsible for direct management of the projects.

Projects will be run by the functional organization and project managers are expediting change control.

It will be easier for the PMO to ensure that the organizational process assets provided are being used.

To define how the project work will be authorized (committed) so that it is performed by the designated person at the appropriate time, a project manager can use: *

1 point

Work breakdown structure.

Work authorization system.

WBS dictionary.

Project schedule.

Which of the following becomes increasingly important in a virtual team environment? *

1 point

Requirements engineering.

Communication planning.

Formal procurements closure.

Network diagramming.

In your project, a team member is not performing well. Best way to handle issues of poor performance is through: *

1 point

Informal written communication.

Informal verbal communication.

Formal written communication.

Formal verbal communication.

A project is: *

1 point

Temporary and unique.

Repetitive work.

Work that can be accomplished in 40 hours or less.

Work required to sustain a business.

You are managing a team of twenty members; you realize that some of your team members are showing less-than-desirable customer service attitude. In this context, which of the following will be the most appropriate action? *

1 point

Warn those team members of the consequences of their attitude.

Inform the senior management about those team members..

Influence those team members to adhere to company expectations about customer service.

Replace those team members..

Which of the following BEST describes what a project charter may be used for when the work is being completed? *

1 point

To make sure all the team members are rewarded

To help determine if a scope change should be approved

To assess the effectiveness of the change control system

To make sure that all the documentation on the project is completed

A project manager wants to decrease costs on a project that a consultant is completing for her company. What costs should the project manager consider to accomplish this? *

1 point

Variable and fixed

Variable and direct

Fixed and indirect

Direct and indirect

While evaluating the bar chart, the project manager determines that the project is behind schedule. What should she do? *

1 point

Obtain approval from the customer to slip the project.

Report findings to management.

Evaluate the alternatives with the team.

Evaluate the alternatives with the customer.

What's the difference between Quality Control and Verify Scope? *

1 point

Quality Control is done at the end of the project, while Verify Scope is done throughout the project.

Quality Control is performed by the project manager, while Verify Scope is done by the sponsor.

Quality Control is performed by the sponsor, while Verify Scope is done by the project manager.

Quality Control means looking for defects in deliverables, while Verify Scope means verifying that the product is acceptable to the stakeholders.

You (the project manager) and the seller have discussed a change to the project and have agreed on the technical aspects of what is needed. Later, the seller calls to tell you he is having extreme difficulty getting the procurement manager to make the change to the contract. It would be BEST for you to: *

1 point

Make the change yourself.

Notify the project management office of your need for assistance.

Work with the procurement manager to resolve the problem.

Contact the project sponsor for assistance.

In your project, you have used valuable inputs to produce project activity metrics to evaluate actual progress as compared to planned progress. The inputs used in Perform Quality Control process are all the following EXCEPT: *

1 point

Risk register.

Organizational process assets.

Quality management plan.

Work performance measurements.

The project manager has a team scattered across four countries. The team members are experts in their fields and a few are certified project managers. To deal with the distance, the project manager creates ground rules with the team, and has virtual meetings to deal with cultural differences. Which of the following additional activities would have the GREATEST impact on the project? *

1 point

Plan Communications

Acquire Project Team

Define Scope

Sequence Activities

The project was going well when all of a sudden there were changes to the project coming from multiple stakeholders. After all the changes were determined, the project manager spent time with all the stakeholders to find out why there were changes and to discover any more. The project work has quieted down when a team member casually mentions to the project manager that he added functionality to a product of the project. Do not worry he says, "I did not impact time, cost, or quality!" What should the project manager do FIRST? *

1 point

Ask the team member how the need for functionality was determined.

Hold a meeting to review the team member's completed work.

Look for other added functionality.

Ask the team member how he knows there is no time, cost, or quality impact.

While completing work on your contract, the seller is refused access to the facility by your company's security force. If access to the facility is stipulated in the contract, what should the project manager do? *

1 point

Let the seller work with security to obtain the access. Then issue a change order to fix the problem in the future.

Issue a change order to change the contract to allow such access, but only with the project manager present.

Work with the seller to gain access. Expect to receive a claim for additional time and cost.

Delete the site access from the project and expect to receive a change of scope.

All the following statements about communication are accurate EXCEPT: *

1 point

Informal communication includes briefings and email.

Formal communication includes reports.

External communication could include talking with the customer, media, public, etc.

Communication with peers is called horizontal communication.

As a Project Manager for a construction company, you are responsible to Define Scope, Define Activities, Develop Schedule, and Estimate Budget. These responsibilities are performed as part of: *

1 point

Closing.

Initiating.

Planning.

Monitoring and Controlling.

A project manager is attempting to move the project along, but keeps hitting roadblocks because departmental managers are resisting the use of resources from their departments. Based on this information, the PM is most likely working in what type of organization? *

1 point

Bureaucratic.

Projectized.

Matrix.

Functional.

You are a project manager for a small construction project. Your project was budgeted for US $72,000 over a six-week period. As of today, you have spent US $22,000. The earned value is US $24,000. According to your schedule, you should have spent US $30,000 by this time. Based on these circumstances, your project could be BEST described as: *

1 point

Ahead of schedule.

Behind schedule.

On schedule.

Having not enough information provided.

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 (choose the best answer). *

1 point

Taking corrective or preventive action to control the project performance.

Settling or closing any contract agreement established for the project.

Creating a document that will formally authorize the project.

Collecting work performance information about the completion status of the deliverables and what has been accomplished.

The project status meeting is not going well. Everyone is talking at the same time, there are people who are not participating, and many topics are being discussed at random. Which of the following rules for effective meetings is NOT being adhered to? *

1 point

Demonstrate courtesy and consideration of each other, control who is allowed to speak.

Schedule meetings in advance.

Have a purpose for the meeting, with the right people in attendance.

Create and publish an agenda and a set of rules for controlling the meeting.

All the following are examples of Perform Quality Control EXCEPT: *

1 point

Inspection.

Cost of quality.

Pareto chart.

Fishbone diagram.

Which of the following should the procurement audit include? *

1 point

A complete list of the contract as built drawings

Customer's evaluation of the work

Team's evaluation of the contract type selected

Evaluations of what went right and wrong

Which process group authorizes the project? *

1 point

Initiating

Planning

Executing

Monitoring and controlling

Given this portion of the network diagram to the right, what's the ES of activity F? *

1 point

You are a member of the committee, which is appointed to oversee the awarding of an important contract, in your company. In this context, all of the following can be treated as conflict of interest situations, EXCEPT: *

1 point

Your friend bids for the contract and you inform the committee and the project sponsor about it.

Your relative bids for the contract and you do not inform the project sponsor about it.

Your close friend bids for the contract and you refrain from participating in the contract awarding decision process without informing your sponsor.

Your friend bids for the contract and you make sure that the contract is awarded to him.

In quality terms, one of the meanings of "out of control" is: *

1 point

Someone on the team is upset.

A data point on a control charts falls inside the upper or lower control limit.

Several data points fall on the same side of the mean within the upper and lower control limits.

A data point is within 1 sigma.

You're managing a construction project to install 7,500 light switches in a new high-rise building. You've installed 3,575 of them so far, and you've spent $153,500 of your total budget of $245,000. Which of the following is true? *

1 point

The AC is $153,500, so I'm ahead of schedule.

The ETC is $168,995, so I'm within by budget.

The CV is $36,880, so I've exceeded my budget.

The CPI is.7597, so I'm NOT within my budget.

Which of the following is CORRECT about quality improvements? *

1 point

They are a tool of Perform Quality Assurance and an output of Verify Scope.

They require the preparation of change requests or the recommendation of corrective actions.

They occur only through experience of the project manager, team, and sponsor.

They are a product of cooperation between the customer and the project manager.

You have been managing a project to construct a flyover 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? *

1 point

Formal phase completion necessarily includes authorization for the subsequent phase.

A project phase can be closed with a decision not to initiate the subsequent phase.

A project phase should not be divided into sub-phases even in complex projects, because it will be difficult to manage.

All deliverables in the project phase should correspond to the project management process.

A project manager is running a data center installation project. He finds that his stakeholder is angry because he's run over his budget because the staff turned out to be more expensive than planned. The stakeholder's unhappy that when the project is over, the servers won't have as much drive space as he needs. Which of the following constraints was not affected by this problem? *

1 point

Quality.

Resource.

Time.

Cost.

What is the critical path in the activity list to the right? *

1 point

Start-A-B-C-Finish.

Start-A-D-E-F-Finish.

Start-G-H-I-J-Finish.

Start-A-B-J-Finish.

Monitoring cost expended to date in order to detect variances from the plan occurs during: *

1 point

The creation of the cost change control system.

Recommending corrective actions.

Updating the cost baseline.

Project performance reviews.

What is the float for activity F in the activity list to the right? *

1 point

You created a Baseline of your System configuration and added several changes to that as amendments. Meanwhile you are afraid that the big number of Deltas may cause inconsistencies and make you unable to understand the current system configuration. What should you do? *

1 point

Proclaim a Design freeze.

Go on with amendments.

Revise the baseline.

Create an entirely new configuration.

Which process group includes the creation of a project charter? *

1 point

Initiating

Planning

Executing

Monitoring and controlling

Adhering to legal requirements, satisfying competing needs, providing accurate and truthful representations, and disclosing conflicts of interest are all: *

1 point

Examples of scope management.

Examples of the professional and social responsibility of the project manager.

Examples of project closure activities.

Examples of the intellectual property requirements of subcontractors.

A project manager has finished the project. He knows that the project scope has been completed and is within cost and time objectives set by management. Management, however, says that the project is a failure, because the original schedule was for 27 weeks and the project was completed in 33 weeks. If the project baseline was 33 weeks, the project is a success because: *

1 point

It only had six weeks of changes.

It was completed within the baseline.

There were so few changes.

There was good communication control.

You and your sponsor are discussing the financial benefits of selecting between two similar projects - project A and project B. When evaluating the projects, you realize that project A will cause some amount of short-term environmental damage but minimal long-term environmental problems. In this context, what will be the best course of action? *

1 point

Explain to your senior management about the potential environmental damage caused by project A and persuade them to discard the project.

Select the project A as there is only low probability of causing long-term environmental damage.

Try to find solutions to the environmental damage that may occur in the future because of project A.

Undertake the project A but try to minimize the environmental damage, if any.

Quality on your project must be as high as possible, yet this type of project is new for your company. Which of the following is the BEST thing to do? *

1 point

Audit work as it is being completed to look for any needed improvements.

Improve your work authorization system.

Use cause and effect diagrams when there is a defect.

Make sure your staffing management plan is up to date.

You are the project manager for a construction company tasked with constructing an office building. The office building will be 10 stories high and will have 200,000 sq ft of working area. Your company has expertise in constructing similar buildings. You are asked to submit a high level estimate for the building within 4 days. Which of the following is the most appropriate? *

1 point

Parametric estimating: Work with a construction engineer who has expertise in similar buildings, find out the rate per sq ft of construction and multiply with the total sq feet of the building to get an estimate.

Bottom up estimating: Ask the individual project team members to create a WBS and determine the costs of activities - use that as a basis for calculating the estimate for the whole building.

Vendor bid analysis: Submit a bid to some companies and use their estimates as a basis for getting an estimate for your project.

Let your sponsor know that it would not be possible to get any reasonable estimate within such a short time period.

Given the network diagram below, what's the critical path? *

1 point

Start-A-B-C-End.

Start-A-D-G-End.

Start-E-D-C-End.

Start-E-F-G-End.

For that same network diagram below, what's the float for activity A? *

1 point

0 weeks.

1 week.

2 weeks.

4 weeks.

For that same network diagram below, what's the float for activity E? *

1 point

0 weeks.

1 week.

2 weeks.

4 weeks.

In your project, as part of Distribute Information process, you have created an information retrieval system, which helps team members and stakeholders to share information. What will you do next? *

1 point

Create a communications management plan.

Perform stakeholder analysis to develop a methodical and logical view of information needs.

Determine methods of accessing information for scheduled communications.

Conduct regular status review meetings to exchange information on the project.

A management team is trying to decide if it will continue working on a project that has spent US $500,000. The original estimate for work completed to date was US $200,000. The difference between the actual cost and the original estimate, is a(n): *

1 point

Customer cost.

Example of how bad the schedule was.

Direct cost.

Sunk cost.

The responsibility of stakeholder expectations management usually lies with the: *

1 point

Project management team.

Project manager.

Project team.

Project manager, project sponsor, and project management team.

You have been assigned as a project manager to a software project. While you and your team are working on a WBS (Work breakdown structure), estimations for activity durations based on the activity list vary significantly. Which additional documents may help you clarify this situation? *

1 point

Milestone list and scope baseline.

Project schedule network diagrams and human resource plan.

Activity cost estimates and scope baseline.

Activity attributes and project scope statement.

Processes of configuration management commonly include all of the following except: *

1 point

Configuration identification.

Configuration status accounting.

Configuration chartering.

Configuration audit.

A company has to make a choice between two projects, because the available resources in money and kind are not sufficient to run both at the same time. Each project would take 9 months and would cost $250,000. The first project is a process optimization which would result in a cost reduction of $120,000 per year. This benefit would be achieved immediately after the end of the project. The second project would be the development of a new product which could produce the following net profits after the end of the project: 1st year: $15,000; 2nd year: $125,000; 3rd year: $220,000. Assumed is a discount rate of 5% per year. Looking at the present values of the benefits of these projects in the first 3 years, what is true? *

1 point

Both projects are equally attractive.

The first project is more attractive by app. 7%.

The second project is more attractive by app. 5%.

The first project is more attractive by app. 3%.

This is a graphical representation of a process showing the relationships among process steps. *

1 point

Histogram.

Cause-and-effect diagrams.

Process Map.

Flowcharting.

A resource histogram shows resources by: *

1 point

Unit of time.

Activity.

Area of expertise.

Phase.

You have recently joined as the project manager of ABC Company. You notice that the customers are getting frequent change requests implemented by informally approaching the team members. This has resulted in work disruption and discontent among team members. What should be your FIRST priority to remedy the situation? *

1 point

Create a detailed project scope statement.

Align the project objectives with the organizational goals.

Ensure proper project scope control.

Call a meeting of all the project stakeholders to resolve any outstanding issues.

A discretionary dependency is one that is based on: *

1 point

Experience.

The needs of someone outside the project.

The nature of the work being done.

The needs of the project sponsor.

The widget production project is well underway. The requirements are clear that each widget must weigh between 0.320 and 0.325 ounces. The first day of test production resulted in 1247 widgets. Of the widgets inspected, 47 percent fell within the acceptable weight range. This is an example of? *

1 point

Control limits

Quality assurance

Control charting

Corrective action

Although the stakeholders thought there was enough money in the budget, halfway through the project the cost performance index (CPI) is 0.7. To determine the root cause, several stakeholders audit the project and discover the project cost budget was estimated analogously. Although the activity estimates add up to the project estimate, the stakeholders think something was missing in how the estimate was completed. Which of the following describes what was missing? *

1 point

Estimated costs should be used to measure CPI.

SPI should be used, not CPI.

Bottom-up estimating should have been used.

Past history was not taken into account.

During what part of the project management process is the project scope statement created? *

1 point

Initiating

Planning

Executing

Monitoring and controlling

How does risk affect a project? *

1 point

It is an uncertain event that if it occurs has a positive or negative effect on at least one project objective.

It is a certain event that will have a negative effect on the project.

It can cause a change in the number of resources for the project, but not the cost.

It can cause a change in the project schedule, but not the project scope.

A data point on a control chart that requires investigation is called: *

1 point

A special cause.

Gold plated.

A rule of seven.

A specification limit.

According to McClelland's theory, managers can be motivated by all the following EXCEPT: *

1 point

Need for achievement.

Need for power.

Need for affiliation.

Need for recognition.

Which of the following is NOT true about the Project Management Plan? *

1 point

The project management plan contains the scope management plan.

The project management plan gives authority to the project manager.

The project management plan contains the quality baseline.

The project management plan contains the performance baseline.

A project manager is asked to select a contract type for a new software development project that has complete, detailed requirements. Which is the BEST contract to choose? *

1 point

Cost reimbursable (CR)

Fixed price (FP)

Time and material (T&M)

Cost plus fixed fee (CPFF)

In your project, an activity on the critical path has been delayed by two days. However, when reviewing your project schedule, you determine that you have another activity with 3 days free float and a third activity with 9 days total float. Assuming that similar resources are required for all activities in the project, what should you do? *

1 point

Use the resource from the activity with 3 days free float.

Use the resource from the activity with 9 days total float.

Try to get an additional resource to complete the delayed activity.

Use the resources from both the activities.

When planning risk responses, the strategy of changing the project management plan to eliminate the risk is known as: *

1 point

Avoidance.

Transference.

Mitigation.

Acceptance.

You are interviewing candidates for the position of project manager in the company. What is the most important characteristic you would like to see in a project manager? *

1 point

Technical knowledge of the business.

Skills to negotiate and convince.

Communication skills.

Experience in your organization.

All of the following are part of the Close Project or Phase process EXCEPT: *

1 point

Collection of records.

Analysis of project success and effectiveness.

Coordinating the operations and maintenance phase of the project.

Archiving project information.

While managing a crucial project for your company, your sponsor reprimands you for not including an additional feature, beyond the project scope, which could have provided "customer delight". In this context, you should: *

1 point

Resign from the project.

Give precedence to project and organizational objectives.

Complain against the sponsor to the customer.

Add the new feature to the product as requested by the sponsor.

Recently, there have been quality related problems in your project and your sponsor has asked you to work on improving the quality parameters. In this context, all of the following statements on quality parameters are correct EXCEPT: *

1 point

Customer satisfaction refers to understanding and managing expectations so that customer requirements are met.

Customer satisfaction is a combination of conformance to requirements and fitness for use.

Quality should be planned and built in - not inspected in.

Cost of preventing mistakes is generally higher than cost of correcting them.

Which of the following would be the MOST appropriate thing to do during the monitoring and controlling process group? *

1 point

Implement recognition and reward systems.

Obtain sign-off of the product of the project.

Issue performance reports.

Keep everyone focused on completing the project to the charter.

Workarounds differ from contingency plans in that: *

1 point

Contingency plans are planned in advance and workarounds are not planned in advance.

Workarounds are planned in advance and contingency plans are not planned in advance.

Contingency plans include plans for force majeure events, e.g. natural calamities, but workarounds are the residual risks in the project.

Workarounds only include plans for force majeure events, e.g. natural calamities.

Earlier you were working at the helpdesk of ABC company managing a team. Your job primarily involved handling customer queries, analyzing customer feedback, and supervising your team. You have recently been re-assigned to a new project involving integration of the helpdesk activities with an ERP (Enterprise Resource Planning) package. This project will improve efficiency in the company and help in integrating all inter-related activities. All the following could be the possible differences between helpdesk and the present project EXCEPT: *

1 point

The objective of the project is to meet strategic objectives of the company. The objective of the helpdesk was to sustain the business.

A project has to be planned, executed, and controlled, and it is not so in the case of helpdesk.

As part of the project, you are creating a new information system, but nothing unique was being created as part of the helpdesk activities.

Unlike a project, helpdesk was an ongoing operational activity.

You are responsible for managing a project in your company but you have least authority and have to constantly report to a functional manager. To which organizational structure does your company belong? *

1 point

Matrix.

Functional.

Projectized.

Balanced.

As a project manager, you wish to review the detailed description of work packages and control accounts. In which document would you find this information? *

1 point

Work performance measurements.

RBS.

Work performance information.

WBS dictionary.

You are performing quality control on your project. How can a Process flow chart help you? *

1 point

It may help identify outliers.

It may help anticipate problems.

It may help spot accountable staff.

It may help react later.

Your project is being completed in another country. It is going reasonably well and is ahead of the cost projections when one of the local officials informs you he will make sure the project work stops unless you pay him US $50. What is the BEST thing to do? *

1 point

Make the payment.

Offer to pay more than the requested amount to get more support from the official in the future.

Offer to pay a smaller amount to discourage future requests for larger amounts.

Do not make the payment.

Which of the following processes involves creating a coherent, consistent document that can be used to guide all the work in both project executing and project monitoring and controlling? *

1 point

Risk Management

Develop Project Management Plan

Develop Project Scope Statement

Plan Quality

Recommended corrective actions result from which of the following? *

1 point

Cost aggregation

Bottom-up estimating

Reserve analysis

Control Costs

The project team seems to like to argue; they have argued about everything. Luckily the project manager has set in place a reward system and team-building sessions that will help and encourage the team to cooperate more. The latest thing they are arguing about is whether they should complete a work package themselves or outsource the work to someone else. What part of the procurement process must they be in? *

1 point

Conduct Procurements

Plan Procurements

Administer Procurements

Claims Administration

The project team is arguing about the prospective sellers who have submitted proposals. One team member argues for a certain seller while another team member wants the project to be awarded to a different seller. The BEST thing the project manager should remind the team to focus on in order to make a selection is the: *

1 point

Procurement documents.

Procurement audits.

Source selection criteria.

Procurement management plan.

The CEO of the company has assigned a project manager to a project that the CEO has wanted to do for a long time. What should the project manager do FIRST? *

1 point

Assist the CEO in putting together a benefit cost analysis to show the need for the project.

Work with the CEO to get buy-in from the other stakeholders.

Produce a ranking of all feasible projects, including the assigned project, in a weighted scoring of decision variables.

Guide the creation of a project charter.

Your finance manager informs you that, for accounting purposes, your company assets depreciate by the same amount every year. This type of depreciation is known as *

1 point

Reducing balance depreciation.

Accelerated depreciation.

Straight line depreciation.

Double declining balance.

As a project manager, your key responsibility is to: *

1 point

Prevent changes in the project.

Manage project core teams' appraisal.

Perform project integration and uphold the project's interest.

Maintain good relationship with vendors.

Negotiations between two parties are becoming complex, so Party A makes some notes that both parties sign. However, when the work is being done, Party B claims that they are not required to provide an item they both agreed to during negotiations, because it was not included in the subsequent contract. In this case, Party B is: *

1 point

Incorrect, because both parties must comply with what they agreed upon.

Correct, because there was an offer.

Generally correct, because both parties are only required to perform what is in the contract.

Generally incorrect, because all agreements must be upheld.

Your company is purchasing the services of a consultant. You own stock in one of the consulting companies interested in the work. What should you do? *

1 point

Work hard to get the consulting company selected for the project.

Tell your manager and remove yourself from the selection committee.

Tell the people from the consulting company that you hope they get the work.

Keep the information to yourself.

You are in charge of a project developing a complex product that does not resemble anything your organization has done previously. You are using a resource to develop this product who is in high demand elsewhere in your organization. The project's timeframe is very aggressive. In order to meet the schedule, only a limited amount of testing is done. Once the testing is completed, the resource is released. The product works fine when being tested, but in production, it performs poorly. This results in a substantial amount of rework and extra costs to reacquire the resource on an overtime basis. Which of the following BEST describes why this project had problems? *

1 point

Poor quality management

Poor reporting

Poor risk identification

Poor resource management

The performing organization is trying to decide whether to split the contracts department and assign procurement responsibilities to departments directly responsible for the projects. A procurement professional might not want this split to occur because they would lose ___________ in a decentralized contracting environment. *

1 point

Standardized company project management practices

Loyalty to the project

Experience

Access to others with similar expertise

An increase in quality can result in increased productivity, increased cost effectiveness, and: *

1 point

Decreased cost risk.

Decreased morale.

Lower customer satisfaction.

Increased risk.

As a leader, how should you deem Ethical conduct? *

1 point

You should ensure ethical conduct throughout the team by use of means including recognition and awards and in tight cooperation with the team members' line managers.

Ethical conduct is all right as long as it does not impact the achievement of objectives and does not damage the performing organization's immediate options for profits.

You are the role model for the team. Your personal integrity demonstrates the desired skills, behavior, and attitudes whose adoption may benefit team members.

There are often dilemma situations in business. Then you may have to suspend your integrity and do what is appropriate. There may be long term negative effects, but these are not your responsibility.

During a company event, you had the opportunity to talk to a colleague project manager. He told you that in his current project actual costs are 15% under cumulated costs budgeted for today. What do you think? *

1 point

The information given to you by the colleague is not sufficient to assess project performance.

The project will probably be completed with total costs remaining under budget until the end.

A significant cost increase during the further course of the project will probably bring the costs back to baseline level.

Original cost forecasting and budgeting for the project must have been poor to allow this variance.

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