PMP® Practice Quiz

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PMP® Practice Quiz - 27

After the kickoff meeting, two team members engage in a casual conversation about the project objectives and deliverables. It is clear they heard different messages during the meeting. One team member is so adamant that the other team member gives up arguing the point. In talking to the project manager, the second team member confirms that the first team member is mistaken. At this point, what is the BEST course of action? *

1 point

The second team member should send the other team member an e-mail describing what he discovered.

At the next project meeting, the team member should ask the mistaken team member to describe his interpretation so the project manager can get everyone on the same page.

The project manager should send out an e-mail to the team restating the project objectives and deliverables.

At the next project meeting, the project manager should spend time reviewing the documented project scope statement for the purpose of identifying this and other false assumptions.

A new project manager is about to begin creating the procurement statement of work. One stakeholder wants to add many items to the procurement statement of work. Another stakeholder only wants to describe the functional requirements. The project is important for the project manager's company, but a seller will do the work. How would you advise the project manager? *

1 point

The procurement statement of work should be general to allow the seller to make his own decisions.

The procurement statement of work should be general to allow for clarification later.

The procurement statement of work should be detailed to allow for clarification later.

The procurement statement of work should be as detailed as necessary for the type of project.

The work breakdown structure can be an effective aid for communication in which situation(s)? *

1 point

Internal within the project team

Internal within the organization

External with the customer

Internal and external to the project

You're managing a project to build a new accounting system. One of the accountants in another department really likes the current system and is refusing to be trained on the new one. What is the BEST way to handle this situation? *

1 point

Refuse to work with him because he's being difficult.

Appeal to the accountant's manager and ask to have him required to take training.

Get a special dispensation so that the accountant doesn't have to go to the training.

Work with him to understand his concerns and do what you can to help alleviate them without compromising your project.

You are annoyed with your team members because of their constant disagreements. You ask them to stop arguing and do the work the way in which you want it to be done. The conflict handling approach you are following is: *

1 point

Smoothing.

Forcing.

Confrontation.

Withdrawal.

You are involved in a project for manufacturing ball bearings. You notice that the quality of the ball bearings produced has deviated from the parameters specified in project management plan. In order to bring it in line with the specifications, you initiate measures, which are referred to as: *

1 point

Corrective action.

Change requests.

Defect repair.

Preventive action.

During the project, a team member tells you that a major risk identified by the team has occurred. However, it is not as serious as previously thought. What is the FIRST thing you should do? *

1 point

Increase the quality standard.

Present this finding to the project team and ask them to verify the team member's finding.

Investigate changing the contingency plan.

Notify management.

The project manager has had some difficulty in getting the team to complete work efforts but he feels that the changes he made to the reward system will fix the problem. The number of stakeholders on the project has grown by 20 percent and the number of activities being completed late is growing. The project manager has heard from management that the project might become a higher priority if their competition comes out with a new product that uses wireless technology. Based on this, it would be BEST for the project manager to: *

1 point

Reestimate the activities and prepare to create a new schedule.

Perform configuration management.

Recreate the project work authorization system.

Better respond to risk event triggers.

A project underwent a major Scope change, which increased cost and work levels. What does this mean for Earned value data? *

1 point

The cost baseline will be updated and the new baseline will be the basis for future earned value analysis.

As baselines should generally not be adjusted, the project is due to exceed its budget from now on.

There are several reasons to change a baseline, but not scope changes. The project will exceed its budget.

Earned value analysis becomes useless after a scope change, the technique should not be used any more.

With which type of contract is the seller MOST concerned about project scope? *

1 point

Fixed price

Cost plus fixed fee

Time and material

Purchase order

It is estimated that 6 resources are needed to complete a certain task requiring 240 hours of work in 5 days, given that 1 resource can work 40 hours in 5 days. Which technique is used to arrive at this estimate? *

1 point

Parametric estimating.

Three-point estimates.

Reserve analysis.

Analogous estimating.

During the construction of a large manufacturing facility, the expected delivery of a very critical piece of manufacturing equipment purchased by the buyer, but to be installed by the project's general contractor, was delayed by six weeks. The original estimated delivery date for this equipment was provided to all the general contractors that bid the project as part of the bid documents. The bidders were specifically instructed to depend on this delivery date during the preparation of these bids. How should the buyer's project manager deal with the general contractor? *

1 point

The project manager should inform the general contractor immediately of the pending problem, and direct him to adjust his schedule to accommodate the new equipment delivery date.

The project manager should inform the general contractor immediately of the pending problem, and request an estimate of the impact on the general contractor's work as provided under the changes clause of the contract documents.

The project manager should inform the general contractor of the problem just before the equipment arrives.

The project manager should work with the general contractor to get schedule relief from the equipment manufacturer.

Which of the following is NOT a Process Group? *

1 point

Monitoring and Controlling.

Gathering Requirements.

Initiating.

Closing.

Which of the following is the BEST thing for a project manager to do in the Conduct Procurements process of procurement management? *

1 point

Evaluate risks.

Select a contract type.

Update the project schedule.

Answer sellers' questions about procurement documents.

You have just been assigned to take over a project that your management has told you is "out of control." When you asked your management what the problems were, they had no specifics, but said that the project was behind schedule, over budget, and the client was dissatisfied. Which of the following should be of the MOST concern to you? *

1 point

The project is over budget and behind schedule.

There is very little documentation related to the project.

The client is very dissatisfied with the project's progress.

Your management is looking for rapid and visible action on this project to rectify the problems.

Please refer to the diagram. At time x, the project is : *

1 point

Behind schedule, over-budget.

Ahead of schedule, over-budget.

Behind schedule, under-budget.

Ahead of schedule, under-budget.

Ideally, when should a project manager be assigned to a project? *

1 point

As soon as a project is authorized.

Soon after the scope statement is finalized.

When the WBS is completed.

At any time during the project life cycle, depending on requirements.

The outputs of the Define Activities process include all the following EXCEPT: *

1 point

Activity attributes.

Milestone list.

All activities that will be performed on the project.

A network diagram.

You are the CEO of a large publishing house and desire to improve project management practices in your company. What is the BEST thing to do in order to manage the publication of each issue? *

1 point

Clearly define the work to be supplied by other companies.

Retain the functional organizational structure.

Set up a project office.

Identify all the stakeholders for this project.

A project manager is quantifying risk for her project. Several of her experts are offsite, but wish to be included. How can this be done? *

1 point

Use Monte Carlo analysis using the Internet as a tool.

Apply the critical path method.

Determine options for recommended corrective action.

Apply the Delphi technique.

There are two projects: Investment in project A is $ 1,000,000 and its NPV is $ 100,000; Investment in project B is $ 1,200,000, its net cash inflows are $ 2,000,000, and net cash outflows are $ 1,900,000; Which project should be selected if net present value(NPV) criterion is used for selection? *

1 point

Project A.

Project B.

The information in the question is inadequate.

Either project A or project B.

Which tool and technique is used to Create WBS and Define activities? *

1 point

Nominal group technique.

Human resource assignment.

Brainstorming.

Decomposition.

If you are describing classes of stakeholders based on their power (ability to impose their will), urgency (need for immediate attention), and legitimacy (their involvement is appropriate), this can be referred to as: *

1 point

Group decision technique.

Salience model.

Power/Influence grid.

Influence/Impact grid.

During the Define Activities process, the team discovers that they do not know enough to define the activities for 30 percent of the work packages. What would be the BEST course of action? *

1 point

Redo the Define Scope process.

Review the project charter with the sponsor and the team.

Continue on to the Sequence Activities process and define the activities at a later date.

Include this problem as part of risk identification.

Outputs of the Plan Risk Responses process include: *

1 point

Residual risks, fallback plans, and contingency reserves.

Risk triggers, contracts, and a risk list.

Secondary risks, process updates, and risk owners.

Contingency plans, project management plan updates, and change requests.

During which process group is the product scope completed? *

1 point

Initiating

Executing

Monitoring and controlling

Closing

Close Procurements is different from Close Project or Phase in that Close Procurements: *

1 point

Occurs before Close Project or Phase.

Is the only one to involve the customer.

Includes the return of the property.

May be done more than once for each contract.

A project manager is meeting with a team member and says, "I know you want to be involved in meetings with the customer. Because of your performance on the project so far, I have rearranged things so you can become involved with the customer." This is an example of: *

1 point

Team performance assessment.

Reward power.

Team building.

Project performance appraisals.

While completing the procurement, the project manager should be concerned about conflict with the procurement manager because: *

1 point

In many cases, the procurement manager is the only one who can change the contract.

The procurement manager is not interested in the contract.

The company favors the procurement manager rather than the project manager.

The contract is complex.

Once signed, a contract is legally binding unless: *

1 point

One party is unable to perform.

One party is unable to finance its part of the work.

It is in violation of applicable law.

It is declared null and void by either party's legal counsel.

What is the main purpose of the procurement audit? *

1 point

Validate that costs charged to the contract are valid and correct

Loosely review the project

Identify the successes to transfer to other procurements

Acknowledge substantial completion

A project manager tracks the work of team members using a network logic diagram. Which effect will the presence of an actual finish date have on the calculation of float for the finished activity? *

1 point

Finished activities have only float left when they have been completed on schedule.

Calculating free float and total float is generally not reasonable for finished activities.

When an activity has been finished, total float gets often converted to become free float.

When an activity has been finished, float gets often converted to become slack.

Which of the following is NOT part of the Define Scope process? *

1 point

Facilitated workshops

Identifying alternatives

Product analysis

Inspection

A project team is having difficulty communicating over long distances. There were 13 team members from two countries, and then five people from India were added. This is of concern to the project manager because: *

1 point

Communications channels grow rapidly.

It will be harder to use reward power.

Communication blockers grow linearly.

Conflict can be increased with an increase in project priorities.

If the probability of one event occurring does not affect the probability of another event occurring, the events are: *

1 point

False events.

Mutually exclusive.

Statistically independent.

Just-in-time.

Which of the following BEST describes the purpose of the project scope statement? *

1 point

It describes the features of the product of the project.

It is created before the scope management plan.

It decomposes deliverables into work packages.

It describes the objectives, requirements, and deliverables of the project, and the work needed to create them.

A project manager disclosed some crucial information to a prospective seller. Which aspect of PMI Code of Ethics and Professional Conduct did he violate? *

1 point

Maintain and satisfy the scope and objectives.

Prevent conflict of interest.

Provide accurate and truthful representations.

Refrain from offering or accepting inappropriate payments, gifts, etc.

You are the project manager for a railroad construction project. Your sponsor has asked you for a forecast for the cost of project completion. Which of the following is the BEST metric to use for forecasting? *

1 point

EV and AC.

SV and CV.

ETC and VAC.

SPI and CPI.

The customer responsible for overseeing your project asks you to provide a written cost estimate that is 30 percent higher than your estimate of the project's cost. He explains that the budgeting process requires managers to estimate pessimistically to ensure enough money is allocated for projects. What is the BEST way to handle this? *

1 point

Add the 30 percent as a lump sum contingency fund to handle project risks.

Add the 30 percent to your cost estimate by spreading it evenly across all project activities.

Create one cost baseline for budget allocation and a second one for the actual project management plan.

Ask for information on risks that would cause your estimate to be too low.

You are a project manager in charge of developing a new fuel efficient car and have decided to procure the multi-point fuel injection system from an external vendor. You are now evaluating proposals from prospective sellers. During which of the following project management processes does this activity take place? *

1 point

Plan Procurements.

Administer Procurements.

Close Procurements.

Conduct Procurements.

The project manager had to request a change in the approved project budget because the WBS did not contain some work that needed to be done. Which of the following is the BEST thing to do as a result of this situation? *

1 point

Redo the WBS and look for more missing scope.

Ask for a time extension.

Redo the change control system.

Recalculate the project scope variance.

Which of the following is NOT a type of communication? *

1 point

Formal Written.

Paralingual.

Nonverbal.

Noise.

You are managing an industrial design project for an important client. Two of your team members have a disagreement on project priorities. One person wants to do certain activities first, while the other feels they should be left until the end of the project. You work with both people to forge a compromise where those activities are neither first nor last, but instead done in the middle of the project. Nobody is particularly unhappy with this solution. Another name for a compromise is a: *

1 point

Win-win solution.

Win-lose solution.

Lose-lose solution.

Standoff solution.

In Plan Risk Responses process, you are developing options and actions to reduce threats to your project's objectives. When you show the results to your project sponsor, she is not comfortable with the risks in the project and suggests that the project scope should be decreased. This is an example of: *

1 point

Risk acceptance.

Risk avoidance.

Risk mitigation.

Risk transfer.

During Close Procurements process, you should attend to all the following EXCEPT: *

1 point

Perform a structured review of processes from plan purchases and acquisitions through contract closure.

Perform procurement performance reviews to determine seller's progress to deliver project scope and quality, within cost and on schedule, as compared to the contract.

Identify successes and failures that warrant recognition to prepare or administer procurement contracts in the future.

Use procurement audits as a technique.

In your project, you need to verify whether deliverables meet requirements and product acceptance criteria. For this purpose, which of the following would you rely on? *

1 point

Inspection.

Expert judgment.

Observations.

Focus groups.

Your project is very critical for the company and must be completed within six months. The project charter has been signed, but the scope statement is not yet prepared. The management asks you to go ahead with the project without the scope statement being approved. What should you do (select the best answer)? *

1 point

Refuse to work on the project, because the management is not following standard project management practices.

To save time, you should start the project with inputs from the project charter.

Meet the management and explain the problems you may face if you start a project without a scope statement.

Escalate the issue to the project sponsor and issue a risk memo.

Which of the following defines things the project manager needs to do regarding cost? *

1 point

Never just accept constraints from management, periodically recalculate the estimate to complete, meet any agreed-upon estimates

Meet any agreed-upon estimates, estimate larger-sized work components, accept constraints from management

Periodically recalculate the estimate to complete, increase estimates by eliminating risks, reestimate when changes are requested

Never recalculate the estimate to complete, never just accept constraints from management, only use historical records for accurate estimates

Which of the following is NOT a tool in Risk Identification? *

1 point

Brainstorming.

Risk Urgency Assessment.

Delphi technique.

SWOT Analysis.

Performance reports organize and summarize the information gathered and present the results of any analysis as a comparison with the performance measurement baseline. Which of the following is NOT a common format for performance reports? *

1 point

S-curves.

Control charts.

Tables.

Histograms.

Please refer to the figure. If these three tasks (i.e., Tasks A, B, and C) are part of the critical path of one project, what is the PERT estimate for the duration of the project? *

1 point

22.5

10.33

5.17

It's the end of execution for a large highway construction project. The work has been done, and the workers are ready to pack up their equipment. The project manager and project sponsor have come by with specialists to check that each requirement has been met, and that all of the work in the WBS has been performed. What process is being done? *

1 point

Control Scope.

Verify Scope.

Scope Testing.

Define Scope.

Which of the following BEST explains the difference between a seller audit during Administer Procurements and a procurement audit during Close Procurements? *

1 point

The seller audit reviews the products being created, while the procurement audit reviews how well the seller is doing the job.

The procurement audit reviews the products being created, while the seller audit reviews how well the seller is doing the job.

The seller audit reviews the products being created, while the procurement audit is used to examine successes and failures and gather lessons learned.

The procurement audit reviews the products being created, while the seller audit is used to examine successes and failures and gather lessons learned.

As a project manager, you realize the importance of team development for human resource management. All of the following are tools for Develop Project Team process EXCEPT: *

1 point

Interpersonal skills.

Pre-assignment.

Training.

Ground rules.

A project manager discovers that two team members discussed what was needed to complete a work package on the project and made many changes to the project scope. The work package is now completed and the team members are planning to go on to the next work package. In looking at what was done, the project manager determines that the work does NOT meet the requirements of the project. What is the BEST course of action for the project manager? *

1 point

Add another work package, formatted with the correct scope, to the project.

Refuse the submittal of the work package.

Have the team begin the work package again and include the incident in their performance reviews.

Ask the team member's manager to assign different people to the work package.

You are in the process of making relevant information available to your project's stakeholders. Which of the following is NOT a tool or technique that you would use? *

1 point

Hard copies of documents inter-office mailed to stakeholders.

Power/interest grid that includes all stakeholders.

Conference calls with stakeholders.

An online folder that contains project documents.

Which of the following is the BEST way to describe the outputs of the Identify Risks process? *

1 point

A list of risks

A list of triggers

A list of the risk response owners

An understanding of the project risks

Activity attributes extend the description of the activities in the activity list. These activity attributes are inputs to all the following processes EXCEPT: *

1 point

Sequence Activities.

Define Activities.

Estimate Activity Resources.

Estimate Activity Durations.

You are managing a flyover construction project. You would like to use the best practices in the road construction industry to help you in your project. Which of the following tools of Sequence Activities process are based on these best practices? *

1 point

Mandatory dependencies.

Discretionary dependencies.

Industry norms.

Best Practice standards for ISO 9001 certification.

You are a project manager working on a project that requires 100 items to be tested, spaced evenly over five weeks. You have just begun week three, with an overall budget of US $10,000. To date, you have spent US $2,000 with 40 items tested successfully. What does the cost variance (CV) tell you in this circumstance? *

1 point

The project is proceeding at 100 percent of the expected rate.

The project is $2,000 under budget.

The project is on budget.

The project is getting $2 of work for every dollar spent.

Your project has a BAC of $4,522 and is 13% complete. What is the earned value (EV)? *

1 point

$3934.14

There is not enough information to answer.

$587.86

$4522

In your project, you are behind schedule by 2 months, and you are under-budget by $ 50,000. In this context, your best course of action will be to: *

1 point

Talk with your sponsor to take some non-critical activities out of the project schedule.

Develop a new WBS.

Crash the project.

Fast track the project.

In an activity-on-node diagram, the nodes represent: *

1 point

Work packages.

Activities.

Dependencies.

Discretionaries.

Which of the following is NOT an input to the initiating process group? *

1 point

Company processes

Company culture

Historical WBSs

Project scope statement

The terms of union contracts are considered ______________ in your project plan. *

1 point

Assumptions.

Constraints.

Requirements.

Collective bargaining agreements.

Juran defines quality as "fitness for use." In this context, all of the following are primary benefits of meeting quality requirements EXCEPT: *

1 point

Moderate productivity.

Lower costs.

Less rework.

Increased stakeholder satisfaction.

As a project manager, what should be your objective while managing change requests? *

1 point

Maintenance of an issue log for change requests.

Ignoring change requests from external stakeholders.

Prevention of unnecessary changes.

Keeping the sponsors informed of all the change requests.

You have been assigned to manage a portion of a larger project that is supposed to be finished within a two-week period. You have met with the leadership of the area to gather requirements, and you have a project charter, project scope statement, and project management plan that have been approved by these individuals. You are told to meet with the actual user of the results of the project to demonstrate how the system will work. When you give the demonstration, it is clear that the user's requirements are very different from the ones you were initially given and to which both you and the client agreed. What is the BEST thing for you to do now? *

1 point

Generate a change request for the user's requirements.

Convene another meeting with the leadership of the area and the user to generate a revised set of requirements.

Attempt to meet as many of the user's requirements as possible within the project's established budget and schedule.

Complete the work as originally specified and formulate a new project to meet the user's requirements.

The new software installation project is in progress. The project manager is working with the quality assurance department to improve everyone's confidence that the project will satisfy the quality standards. Which of the following MUST they have before they start this process? *

1 point

Quality problems

Quality improvement

Quality control measurements

Rework

A project manager has just taken over the project from another project manager during the executing process group. The previous project manager created a project budget, determined communications requirements, and went on to complete work packages. What should the new project manager do NEXT? *

1 point

Coordinate completion of work packages.

Identify quality standards.

Begin the Identify Risk process.

Execute the project management plan.

You are in the process of reviewing bids from various vendors for work on your project. One of the bidding vendors has a history of delivering on time and within budget, and you have personally worked with this company successfully on previous engagements. You receive a call from the manager submitting the bid inquiring about how the process is going. He asks to have lunch with you to discuss the bid. What is the BEST response? *

1 point

Do not mention the other bidders but simply inform him that based on past experience, he has a good chance of winning the business.

Inform him that it would be inappropriate to discuss the matter at all and document the conversation.

Inform him that it would not be appropriate to discuss the matter over the phone during business hours, but that an informal lunch discussion would be more appropriate.

Politely avoid continuing the conversation and disregard the bid.

In your project, your project architect met with an accident and will not be available for the next 3 months. You had not planned for this in risk planning - what should you do NEXT? *

1 point

Create a Workaround.

Create a Fallback Plan.

Do additional risk response planning.

Create a new risk register for this risk.

You're managing a project to build a new project management information system. You work with the team to come up with an estimate of 27 weeks. In the best case, this could be shortened by two weeks because you can reuse a previous component. But there's a risk that a vendor delay could cause the project to be delayed by five weeks. Use PERT to calculate a three-point estimate for this project. *

1 point

25.83 weeks.

26 weeks.

27.5 weeks.

28.3 weeks.

Your project sponsor is extremely happy with the project performance to date. To celebrate, he wants to hold a party with dancing and liquor for the entire team. You are concerned because the company policy states that "no alcohol can be served at company events." What should you do? *

1 point

The project sponsor is responsible. Hold the event as a good team-building experience.

Inform human resources that the sponsor is serving alcohol at a company function.

Tell the project sponsor that the party is a great idea, but no alcohol can be served.

Suggest the event be held outside of working hours.

You are the project manager for the development of a new type of power plant. Your project is making fast progress, and it is getting nearer to the day of product acceptance. Which technique will be most important for product acceptance? *

1 point

Inspection.

Quality audit.

Impact analysis.

Team review.

Joe is a project manager on an industrial design project. He has found a pattern of defects occurring in all of his projects over the past few years and he thinks there might be a problem in the process his company is using that is causing it. He uses Ishikawa diagrams to come up with the root cause for this trend over projects so that he can make recommendations for process changes to avoid this problem in the future. What process is he doing? *

1 point

Perform Quality Planning.

Perform Quality Assurance.

Perform Quality Control.

Qualitative Risk Analysis.

You've given a presentation for your local PMI chapter meeting. This is an example of what? *

1 point

A PDU.

Contributing to the project management body of knowledge.

Donating to charity.

Volunteering.

During the identification of risks on your project, you have determined that there is a very high probability of conflict among the team during project executing over one aspect of the final design of the project. Which of the following is an example of mitigating the impact of the risk to the project? *

1 point

Obtain an insurance policy for the anticipated cost of the impact.

Provide the team with training on conflict resolution techniques.

Outsource that part of the project to another company.

Eliminate that part of the project.

As a project manager, achieving customer satisfaction is an important objective for you. Which of the following will help you in attaining your objective? *

1 point

Defining requirements.

Providing more features than what the customer has asked for.

Identifying project related risks.

Providing project justification.

A project manager can BEST resolve the differences between the requirements of one stakeholder and those of another by making which of these statements? *

1 point

There are many points on which we agree. I am certain if we focus on them, we will find a solution.

Let's look at why there is a difference of opinion on the requirements.

This discussion is getting too heated. Let's regroup to solve the problem tomorrow.

I have made the decision to resolve the problem this way.

You are performing a project management audit in your company and find that most of the project plans are neither consistent nor up-to-date. Which of the following statements is not true? *

1 point

Projects should never be executed without a valid, updated and working project management plan.

The consistency of the project management plan is secondary because it is only the results that matter.

A great deal of effort is required to develop and update a project plan, but the benefits include less pressure on all stakeholders and a resulting product that will satisfy the requirements.

Poor planning and insufficient updating of project management plans are common reasons for cost and time overruns.

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.

In response to a risk, the project manager meets with the team and management to develop a strategy. After discussions, they decide that it would be best to make sure the risk definitely happens. This is an example of which risk response strategy? *

1 point

Exploit

Enhance

A project manager has run into cost difficulties. The project scope must be completed, but at less cost. The project manager should: *

1 point

Change the depreciation method for the equipment used on the project.

Perform a value analysis.

Evaluate benefit cost ratios.

Recover some sunk costs.

A project manager is assigned to a new project and is supplied with a preselected team. What is the FIRST thing the project manager should find out about the team? *

1 point

Each team member's favorite color.

What each team member wants to get out of the project.

Each team member's project activities.

Each team member's role in the project management plan.

In your project, you are creating documents that will define the product or report status on product completion. These can also be referred to as: *

1 point

Project documents.

Project management plan.

Scope baseline.

Scope management plan.

You have four projects from which to choose one. Project A is being done over a six year period and has a net present value (NPV) of US $70,000. Project B is being done over a three year period and has an NPV of US $30,000. Project C is being done over a five year period and has an NPV of US $40,000. Project D is being done over a one year period and has an NPV of US $60,000. Which project would you choose? *

1 point

Project A

Project B

Project C

Project D

In making investment decisions, the senior management in your company prefers to use a rate that equates the present value of cash inflows with the present value of cash outflows. This rate is also called: *

1 point

Discount rate.

Benefit cost ratio.

Internal rate of return.

Net present value.

A project manager is identifying the quality standards relevant to the project and determining how to meet them. This activity is a part of which quality process? *

1 point

Quality Management

Perform Quality Assurance

Plan Quality

Perform Quality Control

A project team member has completed his work on the project. Which of the following MUST the project manager do? *

1 point

Provide the team member with copies of his work on the project.

Update the employee's records with the new skills acquired.

Invite him to the project closure party.

Check to make sure he is happy with his performance.

You have just completed a major deliverable on a project when you realize that the seller did not perform the required inspection. What should you do? *

1 point

Deduct the cost of the inspection from payments.

Deduct the inspection from the procurement statement of work.

Require that the inspection be completed.

Report the seller to the state agency in charge of inspection.

You're managing a software project, when your customer informs you that a schedule change is necessary. Which is the BEST thing to do? *

1 point

Consult the schedule management plan.

Notify the team and the sponsor that there's going to be a schedule change.

Influence the factors that cause change.

Refuse to make the change because there's already a schedule baseline.

If a project manager is using observation and conversation to help control the project, she must be involved in which process? *

1 point

Develop Project Team

Distribute Information

Manage Stakeholder Expectations

Manage Project Team

Which of the following is an example of noise? *

1 point

An email that's sent to the wrong person

A project manager who doesn't notice an important clause in a contract

Garbled text and smudges that make a fax of a photocopy hard to read

When the team is not paying attention during a status meeting

Which statement BEST explains the phrase "Quality is planned in, not inspected in." *

1 point

It is more expensive to determine quality by inspection than by planning.

Quality activities occur during the planning process group of the project.

Quality is part of planning, not inspection.

Planning for quality is after the fact.

In your project, you are working with your customer to formalize acceptance of the completed project deliverables. This is done as part of? *

1 point

Planning.

Executing.

Monitoring and Controlling.

Initiating.

Which of the following rules should apply to international dealings on your project? *

1 point

You have your way, I have mine.

Do not violate any basic fundamental human rights.

Always apply the business practices of your own country.

Do whatever it takes to manage the project successfully.

In the course of completing work on the project, the project manager needs to complete an activity that she has never done before. During this time, the project manager attends a professional association discussion where the presenter discusses how he completed a difficult activity on his project that is similar to the project manager's activity. He provides a handout describing his process. The project manager should: *

1 point

Use the process to complete the activity.

Ask the speaker for permission to use the information.

Ignore the information.

Ask her manager for guidance.

Please refer to the Decision Tree given below which shows the analysis of profit/loss for the two alternatives (i.e., build or buy). Which, out of the two alternatives of build or buy, should the project manager recommend? *

1 point

Build.

Buy.

Either build or buy.

Sensitivity analysis before making a build/buy decision.

All of the following are approved by PMI as part of the PMI Code of Ethics and Professional Conduct EXCEPT: *

1 point

Satisfying scope and objectives of professional services.

Refusing to accept gifts under all circumstances.

Maintaining confidentiality of sensitive information.

Reporting violations to PMI Code of Ethics and Professional Conduct to PMI.

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