Project Management Knowledge Test

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During testing, multiple defects were identified in a product. Which tool can be used by the project manager overseeing this product development to help prioritize the problems?

Pareto Diagram

Control Chart

Variance analysis

Order of magnitude estimate

Clear selection

Officially, what creates the project?

The project initiation document.

The project charter

The kickoff meeting

The statement of work

Clear selection

Your team is fully engaged and working hard 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?

Halt work on the project

Update the risk management plan

Look for ways to migrate the risk

Assess the risk

Clear selection

Who should develop the activity duration:

The person or team doing the work

The project manager

Senior management

The customer

Clear selection

The majority of the project budget is expanded on:

Project plan development

Project plan execution

Integrated change control

Project communication

Clear selection

Project integration is primarily the responsibility of:

The project team

The project manager

Senior management

The project sponsor

Clear selection

An end user has just requested a minor change to the project that will not impact the project schedule. How should you, the project manager respond

Authorize the change quickly to ensure that the schedule can truly remain unaffected

Deny the change to help prevent scope creep

Evaluate the impact of the change on the other project constraints

Submit the change request to the customer for approval

Clear selection

In which group of processes should the project manager be assigned his or her role in the project?

Initiating

Planning

Executing

Controlling

Clear selection

A statement of work is:

A type of contract

A description of the project’s product

Necessary for every project.

A description of the part of a product to be obtained from an outside vendor

Clear selection

If a project scope requires goods and services that must be obtained outside the project what management process will be used in obtaining them?

Project contract management

Project solicitration management

Project procurement management

Project source management

Clear selection

Quality management theory is characterized by which of the following statements:

Inspection is the most important element for ensuring quality

Planning for quality must be emphasized

Contingency planning is a critical element of quality assurance

Quality planning quantifies efforts to exceed customer expectations

Clear selection

Your company’s CIO has requested a meeting with you and two other project managers for a status update on your various projects. What is the best document you can bring with you to this meeting:

The milestone chart for this project

The network diagram for this project

Copies of the most recent status reports from the team members.

The project charter

Clear selection

Resources are estimated against which entity:

The work packages

The schedule activities

The scope baseline

The level set by the project office

Clear selection

Analogous estimating uses:

Estimates of individual activities rolled up into a project total

Actual costs from a previous project as a basis for estimates

Computerized estimating tools

Parametric modeling techniques

Clear selection

Control charts are:

Used in product review

Used to chart a project’s expected value

Used to determine if a process is in control

Used to define a statistical sample

Clear selection

Which of the following statements regarding stakeholders is TRUE?

They have some measurable financial interest in the project

There needs should be either qualified or quantified

Key stakeholders participate in the creation of the stakeholder management plan

They may either be positively or negatively affected by the outcome of the project

Clear selection

In a functional organizations:

Power primarily lies with the project manager

Power primarily lies with the functional manager

Power is blended between functional and project manager

Power primarily lies with the project office

Clear selection

A manager who follows Theory X believes:

Employees can be trusted to direct their own efforts

Project success requires that project objectives must align with company objectives

Workers must be closely supervised because they dislike work

Effective quality management requires the use of performance measurement.

Clear selection

Which of the following types of conflict resolutions provides only a temporary solution to the problem?

Withdrawal

Compromising

Forcing

Problem-solving

Clear selection

You have a team member who is habitually late to meetings with the customer. The customer has expressed dissatisfaction with the situation and has asked you to resolve it. Your BEST course of action is:

Issue a formal written reprimand to the team member

Meet with the team member to discuss the problem and ask for solution

Meet with the team member and the customer to promote further understanding

Email the team member to bring the situation to his attention

Clear selection

Analogous estimating is also called:

Vendor bid analysis

Bottom-up estimating

Scalable model estimating

Top-down estimating

Clear selection

Decomposition is a technique used in:

Define activities

Estimate activity duration

Sequence activities

Develop schedule

Clear selection

Maslow’s hierarchy of Needs theory concludes that:

Higher needs cannot be realized until the lower needs are satisfied

Hygiene factors are those that provide physical safety and emotional security

Psychological needs for growth and fulfillment are ineffective motivators

The greater the financial reward, the more motivated the workers will be

Clear selection

A project is all of the following EXCEPT:

Progressively elaborated

Has never been done by this organization

Something that creates a product, service or result

Strategic to the company

Clear selection

Team performance assessments are made during which processes?

Human resource planning

Acquire project team

Develop project team

Manage project team

Clear selection

The system that supports all aspects of the project management processes from initiating through closing is:

Information technology

The information distribution system

The project management information system

The work authorization system

Clear selection

In a typical project, most of the resources are utilized and expended during:

Initiation process

Planning process

Executing process

Monitoring and controlling process

Clear selection

The activity list should include:

The schedule activities on the project that are on the critical path

A subset of all schedule activities

All of the schedule activities defined on the project

A superset of the schedule activities for this and related projects.

Clear selection

Close Project or Phase should be performed:

At the end of project

Before formal acceptance of the project’s product

As a safeguard against risk

By someone other than the project manager

Clear selection

Release criteria for team members is defined as part of:

The organizational management plan

The human resource management plan

The staffing management plan

The work authorization management plan

Clear selection

Which of the following BEST describes the project plan?

A formal, approved document used to guide project execution, control, and closure

The aggregate of all work performed during planning

The work breakdown structure, schedule management plan, budget, cost management plan and quality management plan

The document that outlines all of the work and only the work that must be performed on a project

Clear selection

Which of the following is NOT a primary goal of Perform Integrated Change Control?

Influencing factors that cause change.

Determining that a change has occurred

Managing change as it occurs

Denying change whenever possible

Clear selection

“The features and attributes that characterize a product “describe which of the following?

The product scope

The project scope

The work breakdown structure

The critical success factors

Clear selection

Approved budget increase should be:

Added to the schedule management plan

Added to project’s cost baseline

Added to the project’s reserve fund and used only if needed

Added to the lessons learned

Clear selection

An organization where the project manager is in charge of the projects and has primary responsibility for the resource is:

Functional

Projectized

Matrix

Hierarchical

Clear selection

Your original plan was to construct a building with six stories, with each story costing $150,000. This was to be completed in four months; however, the project has not gone ad planned. Two months into the project, earned value is $400,000. What is the budget as completion?

450,000

600,000

800,000

900,000

Clear selection

One of your team members have discovered a way to add an extra deliverable to the project that will have minimal impact on the project schedule and cost. The project cost performance index is 1.3 and the schedule performance index is 1.5. The functionality was not included in the scope. How should you spread?

Conform to the project scope and do not add the deliverable

Deliver the extra work to the customer since it will not increase their costs

Reject the deliverable because you are behind schedule

Ask senior management for a decision

Clear selection

Which of the following is NOT used in initiating a project?

Project statement of work

The contract

Enterprise environmental factors

Earned value analysis

Clear selection

Which of the following is NOT an input into scope definition?

Accepted deliverables

Organizational process assets

Project charter

Requirements documentation

Clear selection

A commercial real-estate developer is planning to build a new office complex. He contracts with the construction firm to build one of the buildings for the actual cost of providing the materials and services plus a fixed fee for profit. What type of contract does this scenario represents.

Independent vendor

Fixed price

Cost-reimbursable

Time and materials

Clear selection

Your team has identified a component that they need for a project. There is some concern that they have never constructed a component like this one, but there are similar components available from sellers. Which of the following procurement activities would be most appropriate to perform?

Solicitration

Make-or-buy analysis

Benefit/cost analysis

Conduct procurements

Clear selection

Float refers to:

A method for decreasing risk on a project

How long an activity can be delayed without affecting the critical path

A time lapse between a project communication and the response that follows

The difference between the budgeted cost and actual cost

Clear selection

If a task has been estimated at O= 4 days, P= 9 days, and M= 7, what is the standard deviation?

5/6 of a day

6.83 days

1/3 of a day

1/2 of a day

Clear selection

Scatter diagrams, flowchart, run diagrams, control charts and inspection are all techniques of what quality process?

Plan quality

Perform quality control

Perform quality execution

Define quality Metrics

Clear selection

Your company must choose between two different projects. Project X has a net present value of $100,000. Project Y has a net present value of $75,000. What is the opportunity cost of choosing Project X?

$100,000

$75,000

$25,000

$50,000

Clear selection

You have asked a team member to estimate the duration for a specific activity, and she has reported back to you with three estimates. The best case scenario is that the activity could be completed in 18 days; however, her most likely estimate for the task is 30 days. She has also indicated that there is the possibility the task could take as long as 60 days. What is the three point estimate for this task?

4 days

7 days

33 days

49 days

Clear selection

You have received a report showing that your overall schedule performance index is 1.5. How should you interpret this information?

You are earning value into your project at 1.5 times the rate you had planned

You are spending $1.50 for every dollar you planned to spent at this point in the schedule

You are earning $1.50 of value back into your project for every $1.00 you spend

You are earning $0.67 of value back into your project for every $1.00 you planned to earn

Clear selection

If the schedule variance = $0.00, what must also be true?

Earned value must be equal to planned value

The cost performance index must be equal to 1

The schedule performance index must be greater than 1

The estimate at complete must be equal to budgeted at complete

Clear selection

You are managing a project to construct 25 miles of highway at an estimated cost of $1.2 million per mile. You have projected that you should be able to complete the project in 5 weeks. What is your planned value for the end of the 3rd week of the project?

$12,000,000

$18,000,000

$24,000,000

$30,000,000

Clear selection

Who is responsible for providing funding for the project?

The qualified financial institution

Senior management

The sponsor

The project manager

Clear selection

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