PMP® Practice Quiz

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PMP® Practice Quiz - 29

Your company is contracting a sub-project to another company. The company which accepts the subproject should: *

1 point

Use the WBS of a similar project from another client.

Create a more detailed WBS for the contracted work from the work package that was contracted.

Break down the WBS of the parent project to WBS packages.

Use the WBS Dictionaries of the parent project to assign work.

Cost performance measurement is BEST done through which of the following? *

1 point

Asking for a percent complete from each team member and reporting that in the monthly progress report

Calculating earned value and using the indexes and other calculations to report past performance and forecast future performance

Using the 50/50 rule and making sure the life cycle cost is less than the project cost

Focusing on the amount expended last month and what will be expended the following month

Your company can accept one of three possible projects. Project A has a net present value (NPV) of US $30,000 and will take six years to complete. Project B has an NPV of US $60,000 and will take three years to complete. Project C has an NPV of US $90,000 and will take four years to complete. Based on this information, which project would you pick? *

1 point

They all have the same value.

Project A

Project B

Project C

A documented direction to perform an activity that can reduce the probability of negative consequences associated with project risks is called: *

1 point

Corrective action.

Preventive action.

Defect repair.

Risk mitigation.

Three members of your project team want to pad their estimates because they believe there are certain risks that might materialize. What is the BEST way to handle this situation? *

1 point

Estimate the activities honestly, and then use a contingency reserve to cover any unexpected costs.

Allow more time for the work by adding a buffer to every activity in the schedule.

Tell the team members not to worry about it, and if the schedule is wrong it's okay for the project to be late.

Crash the schedule.

A work authorization system can be used to: *

1 point

Manage who does each activity.

Manage when and in what sequence work is done.

Manage when each activity is done.

Manage who does each activity and when it is done.

The current update to the schedule performance report shows no schedule variance. Based upon this report, you tell the client that the project is on time. However, your team members know that you just missed a major milestone and the project will not meet its startup date. This is an indication of poor: *

1 point

Communications planning.

Scope planning.

Team trust.

Schedule planning.

As a result of your analysis of the risks on the project, you have decided to remove a team member from the project team in order to decrease the overall project risk. What is this an example of? *

1 point

Transference

Resource analysis

Avoidance

Acceptance

How should change management be planned for? *

1 point

Changes are generally not predictable, therefore planning for change management cannot be sensible.

Planning for change management should be done while the various change control processes are being applied.

Change management can be planned in a set of management plans or a specific change management plan.

Changes are a sign of bad planning. One should avoid changes during a project thus eliminating the need to manage them.

The project manager for a design project is using the Define Scope process. Which BEST describes this? *

1 point

Creating a document that lists all of the features of the product.

Creating a plan for managing changes to the scope baseline.

Creating a document that describes all of the work the team does to make the deliverables.

Creating a graphical representation of how the phases or deliverables decompose into work packages.

When you (the buyer) administer a contract, you should pay attention to all the following EXCEPT: *

1 point

Ensure that contractual obligations are met.

Apply appropriate project management processes to the contractual relationship and integrate the outputs from these processes to the overall management of the project.

Monitor payments to the seller.

Perform regular procurement audits.

Your cost forecast shows that you will have a cost overrun at the end of the project. Which of the following should you do? *

1 point

Eliminate risks in estimates and reestimate.

Meet with the sponsor to find out what work can be done sooner.

Cut quality.

Decrease scope.

You overhear someone on your team using a racial slur. This person is a critical team member and you are worried that if they leave your company it will cause project problems. What should you do? *

1 point

Pretend you didn't hear it so that you don't cause problems.

Report the team member to his boss.

Bring it up at the next team meeting.

Meet in private with the team member and explain that racial slurs are unacceptable.

As the project manager, you are considering tools and techniques to help control changes to the project schedule. Which of the following would be acceptable options? *

1 point

An online system that routes change requests to the appropriate levels for authorization

A paper form that requires a project stakeholder to submit the request in duplicate to the project manager for approval

A system that allows rapid approval of all submitted changes

An online system that routes changes manually to each required approver followed by impact analysis

Who has the cost risk in a fixed price (FP) contract? *

1 point

The team

The buyer

The seller

Management

As you are executing your project you are constantly checking your risk register to be sure that you have planned responses for all of your risks. At one team status meeting, you find that a lower priority risk has suddenly become more likely. Where do you keep information about low priority risks? *

1 point

Triggers.

The watchlist.

Risk Management Plan.

Qualitative analysis documents.

Which of the following helps determine the probability of completing the project on any specific day? *

1 point

Network diagram

Monte Carlo analysis

Qualitative risk analysis

Precision testing

Which of the following helps you identify the root cause of 80% of the defects in your project using the 80/20 rule? *

1 point

Scatter chart.

Control chart.

Cause-and-effect diagram.

Pareto chart.

In the project network diagram as shown, which of the following tasks will have some float? *

1 point

All the following statements related to Life cycle costs are correct EXCEPT: *

1 point

Life cycle costs include direct and indirect costs.

Life cycle costs include periodic or continuing costs of operation and maintenance.

In the selection criteria for two projects, even if one project has a lower NPV, it may be selected if it has a lower life cycle cost.

Life cycle costs are the responsibility of a project.

What is true for modern project management? Project managers need… *

1 point

… to have a strict standing in negotiating.

… to show experience in tricking business partners.

… to be team players and facilitators instead of "bosses".

… to be strongly linked to local traditions.

The project status report is an example of which form of communication? *

1 point

Formal written communication.

Formal verbal communication

Informal written communication

Informal verbal communication

A project manager for a software project is well-regarded by people in her company as an expert programmer. She has an especially good reputation among the senior managers of the company. The CTO of the company tells her that any time she runs into trouble, he'll back up any decision that she makes—and everyone on the team admires the CTO, and they have a lot of loyalty to him. Which BEST describes the power the project manager is exerting? *

1 point

Reward power.

Expert power.

Punishment power.

Referent power.

When you encounter constraints as a project manager, in which document will you record the information about these constraints? *

1 point

Project scope statement.

Risk register.

Issue log.

Change management plan.

You are a new project manager who has never managed a project before. You have been asked to plan a new project. It would be BEST in this situation to rely on _______ during planning to improve your chance of success. *

1 point

Your intuition and training

Stakeholder analysis

Historical information

Configuration management

Analogous estimating: *

1 point

Uses bottom-up estimating techniques.

Is used most frequently during the executing processes of the project.

Uses top-down estimating techniques.

Uses actual detailed historical costs.

What should you focus on when managing the stakeholders of your project? *

1 point

Ensure the order of phases.

Resolve issues.

Identify the stakeholders.

Ensure stakeholder value.

Assuming that the ends of a range of estimates are +/- 3 sigma from the mean, which of the following range estimates involves the LEAST risk? *

1 point

30 days, plus or minus five days

22 - 30 days

Optimistic = 26 days, most likely = 30 days, pessimistic = 33 days

Mean of 28 days

Which of the following is the BEST project management tool to use to determine the longest time the project will take? *

1 point

WBS

Network diagram

Bar chart

Project charter

If earned value (EV) is US $300,000, actual cost (AC) is US $350,000, and planned value (PV) is US $375,000, what does the schedule performance index (SPI) indicate? *

1 point

You are only progressing at 86 percent of the rate originally planned.

You are progressing at 125 percent of the rate originally planned.

You are progressing at 116 percent of the rate originally planned.

You are only progressing at 80 percent of the rate originally planned.

Which of the following BEST explains why the team needs to approve the final schedule? *

1 point

To ensure activities can be completed as scheduled

To enhance team buy-in and loyalty

To get a better cost estimate

To improve communications

What is NOT a major benefit of co-locating team members from different cultures in one place instead of having a team dispersed over many countries? *

1 point

Short distance to the customer markets.

Reduced burden from travelling and international meetings.

Enhanced communications and a sense of community.

Identical working hours without time zone difference.

Which of the following contracts has the MOST risk for the buyer? *

1 point

Cost plus fixed fee (CPFF).

Time and Materials (T&M).

Cost plus percentage of costs (CPPC).

Fixed price (FP).

Please refer to the table. Which of the three tasks (A, B, C) has the maximum variance? *

1 point

Task A.

Task B.

Task C.

Cannot be determined.

A software development project has been suffering through many major project changes. Because of this, the project manager has not been able to do much but complete change request forms. Which statement BEST describes the other activities the project manager should be doing? *

1 point

Determine that changes have been made and whether the changes are beneficial. List all of them in the scope management plan.

Determine if a change is needed. Determine whether that change is beneficial, and notify stakeholders affected by the change.

List all changes in the project charter, notify stakeholders affected by changes, and ensure the team signs off on all changes.

Determine that a change has occurred. Notify all stakeholders affected by the change, and list all the changes in the scope management plan.

Which type of input is the PRIMARY cause of contract changes? *

1 point

Independent estimates

Organizational policies

Procurement statements of work

Change requests

All the following come after the Define Scope process EXCEPT: *

1 point

Estimate Activity Durations

Develop Human Resource Plan

Estimate Costs

Collect Requirements

Which of the following can be used to determine the type of contract to use on a project? *

1 point

How your company does business

How complete the procurement statement of work is

Type of contract the law requires

Type of contract you have experience with

A software system was accepted by the customer, but has been found to give unexpected results. Which of the following BEST describes what the project manager should do FIRST? *

1 point

Review the customer's inspection process.

Change the activity sequencing.

Apologize to the customer.

Review the Verify Scope process.

A team member notifies the project manager that a quality requirement for the project cannot be met. What is the LEAST effective thing for the project manager to do? *

1 point

Notify management.

Hold a team meeting.

Look for alternative ways to meet the quality level.

Ask management to come up with options.

During every project team meeting, the project manager asks each team member to describe the work he or she is doing, and the project manager assigns new activities to team members. The length of these meetings has increased because there are many different activities to assign. This could be happening for all the following reasons EXCEPT: *

1 point

Lack of a WBS.

Lack of a responsibility assignment matrix.

Lack of resource leveling.

Lack of team involvement in project planning.

You have completed a NASA project for the launch of a weather forecasting satellite. The satellite is being tested for a specific quality metric. For which processes are quality metrics used? *

1 point

Perform Quality Assurance and Plan Quality.

Plan Quality and Perform Quality Control.

Perform Quality Control, Plan Quality, and Perform Quality Assurance.

Perform Quality Assurance and Perform Quality Control.

You're a project manager at a construction company that's selling services to a client. You are working on a schedule and a budget when the CEO at the client demands that you do not produce those things. Instead, he wants you to begin work immediately. What the BEST thing that you can do? *

1 point

Meet with the CEO to explain why the budget and schedule are necessary.

Stop work immediately and go into claims administration.

Don't produce the schedule and budget.

Ask the buyer to find another company to work with.

Please refer to the table that shows the time estimates for different tasks. What is the impact on the project if task 1->2 takes 2 months more than what was earlier planned? (choose the best answer) *

1 point

The project duration will increase by 1 month.

The project risk will increase.

The project duration will increase by 2 months.

The project float will increase by 2 months.

You are project manager for a strategic project with a multi-million Dollars value assigned by a company that is listed at a US stock exchange. Recent Earned value analysis after app. 25% completion told you that your project has a CPI of 0.76. What should you do right now? *

1 point

The variance is a signal of a sound project which is well under budget. There is no need for action.

A project that much under budget may be a problem for negotiating future budgets. Try to spend money somewhere else.

You should immediately inform your management, which should then assess whether this CPI constitutes a material financial issue.

It is still early in the project and data are yet inaccurate. Wait a while and allow numbers from the project to stabilize.

You've taken over as a project manager on a highway construction project, and the execution is already underway. Your sponsor tells you that moving forward, all asphalt should be laid down with a 12" thickness. The scope statement and the WBS call for 9" thick asphalt. What is the BEST course of action? *

1 point

Look for a cheaper supplier so the cost impact is minimized.

Tell the sponsor that the work is already underway, so you can't accommodate his request.

Refuse to alter the plans until the change control system has been used.

Tell the team to accommodate the request immediately.

The rate used in your company to calculate the present value of expected yearly benefits and costs is referred to as: *

1 point

Interest rate.

Discount rate.

Internal rate of return.

Benefit cost ratio.

All of the following are tools of Plan Quality EXCEPT: *

1 point

Cost-benefit analysis.

A scatter diagram.

Benchmarking.

Cost of quality.

You have reached the end of your project, but you are worried about the fee that will be paid to you will be based on the subjective determination of your performance by the buyer. Moreover, the contract clause does not allow for appeals in courts of law. This is a feature of: *

1 point

Cost Plus Award Fee contract.

Cost Plus Fixed Fee contract.

Fixed Price with Economic Price Adjustment contract.

Illegal contract type because all contract terms can be litigated in courts.

According to your project network diagram, the critical path for the project is six weeks. One week into the project, the manager of the project management office informs you that the executive steering committee has moved the project's finish date to two weeks sooner than your published finish date. Assuming you are on schedule, what is the project float? *

1 point

Two weeks

Four weeks

Minus four weeks

Minus two weeks

A project team has been arguing for days about the correct way to complete a high-level design. This argument has caused the schedule performance index (SPI) to fall to 0.89 and the cost performance index (CPI) to 0.8. If the project manager tells the team, "we will schedule this discussion for our team meeting next week," the project manager is: *

1 point

Using earned value.

Compromising.

Increasing costs even further.

Withdrawing.

You are the project manager for a software development project. When you need to get staff from the manager of the QA department, he suggests a few test engineers with performance problems for your team. Which is the BEST response to this situation? *

1 point

Stop talking to the QA manager.

Call a meeting with the QA manager to try to figure out why he suggested those candidates and how the two of you can work together to find team members with suitable skills and interests for your team.

Tell the QA manager that the staffing problems are really no big deal, and you're sure that the two of you can eventually figure out the right answer together.

Tell the manager that you know which team members you want for your team and he needs to give them to you.

A project manager presented premier performance certificates to project team members who delivered above and beyond their required activities at each project milestone. This is an example of: *

1 point

Project performance appraisal.

Gold plating.

A recognition and rewards system.

Team building.

A seller contacts you to tell you that one of your team members did something that caused the seller harm, and the seller is going to file a claim. What is the BEST thing to do? *

1 point

Look for instances where the seller caused you harm to counteract the claim.

Use the reserve to cover the claim.

See if there is any money left in the budget to pay for the claim.

Follow the change control process outlined in the contract.

A control chart shows that the last eight pipes produced were all less than average weight. You need to inform management that there is a problem because the situation violates the: *

1 point

Rule of seven.

Rule of eight.

50/50 rule.

3 sigma rule.

All of the following statements about change control are incorrect EXCEPT: *

1 point

A fixed price contract will minimize the need for change control.

Changes seldom provide real benefits to the project.

Contracts should include procedures to accommodate changes.

More detailed specifications eliminate the causes of changes.

A project management team has subcontracted work to a service company. Which of the following tools is the best choice to assure that this company will be able to meet the quality requirements of the project? *

1 point

Quality audit.

Deliverable inspection.

Fixed price contract.

Service level agreement.

Many more changes were made to the project during the project executing processes than had been expected. What is the BEST thing for the project manager to do now? *

1 point

Wait until all changes are known, print out a new schedule, and revise the baseline.

Make changes as needed, but maintain a schedule baseline.

Make only the changes approved by management.

Talk to management before any changes are made.

A construction project manager has a meeting with the team foreman, who tells him that there's a good chance that a general strike will delay the project. They brainstorm to try to find a way to handle it, but in the end decide that if there's a strike, there is no useful way to minimize the impact to the project. This is an example of which risk response strategy? *

1 point

Mitigate.

Avoid.

Transfer.

Accept.

You have fifteen members in your project team You have called for a project status meeting without prior notice. There have been too many sidebar conversations and arguments. As a result, you have achieved nothing substantial from the meeting. To achieve orderliness in the meeting next time, you should: *

1 point

Decrease the number of people in the meeting.

Publish a meeting agenda.

Ensure that you control the channels of communication.

Give incentives to team members for conforming to desired meeting norms.

Another project manager has a family emergency and must leave. He has asked you to fill in for him during a team meeting to discuss a minor problem with the project. He has already distributed a detailed agenda and provided you with a copy. When you attend the meeting, several members of the team are making fun of the absent project manager's ethnic heritage. Your company does not have a formal diversity policy covering such behavior. What should you do? *

1 point

Because your company does not have a written diversity policy, there is nothing you can do.

Report the incident to the other project manager.

Hold the meeting as if nothing happened.

Begin the meeting with a discussion of diversity and professional behavior.

You are a new project manager for Company B. You previously worked for Company A, which had an extensive project management practice. Company B has its own procedures, but you are more familiar with those from Company A. You should: *

1 point

Use the practices from Company A but include any forms from Company B.

Use the forms from Company B and begin to instruct them on ways to upgrade them.

Talk about changes to the change control board of Company B.

Interact with others in an ethical way by sharing the good aspects of Company A's procedures.

You have calculated the projected cost performance that must be achieved on the remaining work to meet a specified goal. This projected cost performance is also known as *

1 point

Performance measurement document.

To-complete performance index.

Cost performance baseline.

Cost performance index.

A project manager has very little project experience, but he has been assigned as the project manager of a new project. Because he will be working in a matrix organization to complete his project, he can expect communications to be: *

1 point

Simple.

Open and accurate.

Complex.

Hard to automate.

The scope baseline consists of: *

1 point

The Scope Management Plan, the Project Scope Statement, and the WBS.

The Scope Management Plan, the Preliminary Scope Statement, and the WBS.

The Scope Management Plan, the WBS, and the WBS Dictionary.

The Project Scope Statement, the WBS, and the WBS Dictionary.

In your project, you have monitored the status of the project to update the project budget and manage changes to the cost baseline. Which of the following is an output of the Control Costs process? *

1 point

Basis of estimates.

Budget forecasts.

Cost change control system.

Work performance information.

Please refer to the table. What is the length of the critical path? *

1 point

You just found out that a major subcontractor for your project consistently provides deliverables late. The subcontractor approaches you and asks you to continue accepting late deliverables in exchange for a decrease in project costs. This offer is an example of: *

1 point

Confronting.

Compromise.

Smoothing.

Forcing.

In the process of reviewing the status of your team's work assignments, you learn that the project has fallen behind schedule by one week. The project has high visibility within the organization and is completely date-driven. The project finish date is still two months out and you think you can recover the time over the next month or so. What is the BEST course of action for reporting the project status? *

1 point

Report the project on schedule. This is not a significant slippage and there is still time to recover.

Report the project on schedule. Most project management plans are not accurate to less than one or two weeks anyway.

Report the project one week behind schedule and include recommended corrective actions.

Report the project one week behind schedule and then issue a new report next week showing the problem fixed.

During which part of the risk management process would you complete a risk rating matrix? *

1 point

Identify Risks

Perform Qualitative Risk Analysis

Monitor and Control Risks

Plan Risk Responses

Integration is done by the: *

1 point

Project manager.

Team.

Sponsor.

Stakeholders.

A project has suffered many delays and the project manager has moved resources around, spent more time with risk management, and even fast tracked the project where possible. The project must be completed by its originally agreed-to date, as resources are needed for another project at that time. The project manager is about to meet with the customer to tell them that product scope needs to be cut when you stop him. What would you advise him to do? *

1 point

Cut quality before cutting scope.

Move resources from a noncritical path to a critical path.

Work overtime.

Reevaluate the project's business case.

How often should a project manager discuss risks with the team? *

1 point

At every milestone.

Every day.

Twice.

At every status meeting.

You are the project manager of a project which involves off-shore oil exploration. Since you cannot plan for all eventualities, you establish a contingency reserve, including amounts of time, money, or resources to handle the risks. This is an example of: *

1 point

Risk avoidance.

Risk transfer.

Active risk acceptance.

Improper risk planning since all risks should be identified and accounted for.

You are in the process of performing Develop Schedule process to determine planned start and finish dates for project activities. Which of the following inputs will be helpful in this process? *

1 point

Activity attributes, project scope statement, and activity list.

Activity list, activity attributes, and schedule data.

Project calendar, requested changes, and schedule data.

Work performance information, schedule baseline, and performance reports.

Tom is a project manager for an accounting project. His company wants to streamline its payroll system. The project is intended to reduce errors in the accounts payable system and has a 70% chance of saving the company $200,000 over the next year. It has a 30% chance of costing the company $100,000. What's the project's EMV? *

1 point

$170,000

$110,000

$200,000

$100,000

When conducting procurement negotiation, all the following steps should be followed EXCEPT *

1 point

Project manager should be the lead negotiator.

Subjects covered may include responsibilities, authority to make changes, applicable terms, and governing law.

For complex procurement items, contract negotiations can be an independent process with inputs and outputs of its own.

Negotiations should clarify the structure, requirements, and other terms of the purchases.

An activity has an optimistic estimate of ten days, pessimistic estimate of sixteen days, and most likely estimate of thirteen days. Assuming a normal distribution, what is the probability that the task will be completed within 10 to 16 days? *

1 point

0.9999

0.9973

0.9546

0.6826

You've been hired by a large consulting firm to evaluate a software project for them. You have access to the CPI and EV for the project, but not the AC. The CPI is.92, and the EV is $172,500. How much money has actually been spent on the project? *

1 point

$158,700

$172,500

$187,500

There is not enough information to calculate the actual cost.

You are the project manager for a new software development project. A previously unidentified risk is discovered when the project is nearing completion. You realize that this risk may adversely impact the project's overall ability to deliver. As a project manager, what step do you take FIRST? *

1 point

Perform Quantitative Risk Analysis.

Inform the project sponsor and the stakeholders about the potential impact of the risk on the project.

Perform Qualitative Risk Analysis.

Mitigate the risk to reduce its impact.

Which of the following conflict resolution techniques will generate the MOST lasting solution? *

1 point

Forcing

Smoothing

Compromise

Problem solving

A project manager is completing the WBS with the project team, but the session is hard to manage. There are 200 people in the room representing four different departments. Some of the people who will be working on the project later are talking about other things while earlier work is discussed. Which of the following BEST describes the real problem? *

1 point

The project sponsor should be leading this kind of meeting.

They are not following the project communications management plan.

There are too many departments involved in the project.

The project manager is really managing a program.

The ongoing definition of a project as more information becomes available to the team is called: *

1 point

Scope verification.

Strategic planning.

Progressive elaboration.

Quantitative elaboration.

A project manager is negotiating with a contractor. Neither has a good idea of how long the project will take, or how much the materials will cost. Which contract type is MOST appropriate for this project? *

1 point

Cost plus fixed fee (CPFF).

Time and Materials (T&M).

Cost plus percentage of costs (CPPC).

Fixed price (FP).

You are project manager in a global project with a team consisting of people from various countries. What can you try to prevent misunderstandings due to cross-cultural differences? *

1 point

Use all communication methods available that are suitable for the team and follow up in writing when communicating verbally. Remember that cultural and individual diversity may help project teams solving unforeseen problems during the course of the project.

When you are about to form a team for your project, keep in mind that some cultures are developed, others are more primitive. Some have values, some not. You should consequently avoid choosing members from countries with cultures that are not similar to your own.

Cultural dilemmas can prevent any project from being successful. They should therefore be smoothed or suppressed so as to make sure that they cannot disrupt project work. Your effort should concentrate on communication that can help reach that goal.

As norms regarding communication habits differ significantly across various cultures, communicating between people from different countries should only be done using language. The nonverbal dimension simply bears too many risks.

In your project, your subcontracting requirements of the machining of high-value equipment are very demanding. Hence, you have determined the technical criteria to evaluate the sellers. This is an example of: *

1 point

Objective evaluation criteria.

Source selection criteria.

Statement of work.

Work breakdown structure.

Which concept of locating team members can help them best to enhance their performance as a team? *

1 point

Co-location.

Cross-functional dispersion.

Virtual e-teams.

Global team dispersion.

When are the most expensive defects most likely to be introduced into a product? *

1 point

When the product is being assembled.

When the product is being designed.

When the quality management plan is being written.

When the product is being reviewed by the customers.

Purchasing insurance is BEST considered an example of risk: *

1 point

Mitigation.

Transfer.

Acceptance.

Avoidance.

There are three projects: Project A has a payback period of 3 years and NPV of $ 300,000; Project B has a payback period of 2 years and NPV of $ 200,000; Project C has a payback period of 1 years and NPV of $ 100,000; Which project should be selected if NPV criterion is used? *

1 point

Project A.

Project B.

Project C.

Project A, B, or C can be selected, because all of them have equal value.

The project manager is working on a high-profile project where completing the project within budget is critical. The project manager is new, but well trained and is excited to see that the project is spending less than budgeted. As a result, the project manager was planning to take a holiday when a more senior project manager warned him that he has some important work to do on the project. Why would the senior project manager give such a warning on this project? *

1 point

Under budget could mean that work that was scheduled to be done has not been completed. The project manager should look at how the cost performance compares to the schedule performance.

The project manager needs to create a project control system to make sure there are no problems in the future.

A project that is under budget may also have contracts that need to be managed.

Team meetings should be scheduled every week and a holiday would mean that one team meeting would have to be cancelled.

During Planning processes, you used Monte Carlo simulation to quantitatively assess cost and schedule risks of your project. Now, during Risk monitoring and control, you repeat the technique, and it leads to different results. What should not be the reason for that? *

1 point

Some assumptions during planning have meanwhile become fact-based knowledge, so that the risks related to them have vanished or have become certain problems.

New risks may have been identified. These influence the input data used for Monte Carlo simulation in a way which was not predictable at the time when the simulation was run.

Some constraints have been identified originally, but their influence on the project was unclear when the simulation was run for the first time. By now, the team understands these constraints much better and has been able to adjust the simulation.

Some dummy activities in the network logic have an element of uncertainty, which gets bigger over time. While the project proceeds, it is getting even harder to predict how the team members assigned to them will perform.

Which of the following would be the BEST project to select? *

1 point

A project that will take six years to complete and has an NPV of $45,000

A project that will take three years to complete and has an NPV of $85,000

A project that will take eight years to complete and has an NPV of $30,000

A project that will take 10 years to complete and has an NPV of $60,000

Which of the following is NOT part of the Contract Closure process? *

1 point

An audit to verify that all of the legal obligations have been met.

Obtaining formal acceptance of all deliverables from all stakeholders.

Making sure all invoices have been paid.

Writing down lessons learned.

You are creating your Cost Performance Baseline. What process are you in? *

1 point

Determine Budget.

Control Costs.

Estimate Costs.

Cost Baselining.

You are the project sponsor for a reputed company, and you work with the project management team in certain matters concerned with the project. In which of the following matters you don't need to assist them? *

1 point

Project funding.

Creating activity list.

Clarifying scope.

Monitoring progress.

You are managing an internationally dispersed project team. The members of your team have different cultural backgrounds and primary languages, but all are educated and able to communicate eloquently in English. You should nevertheless bear in mind that… *

1 point

…there are cultural differences. You should write one Code of conduct for each nationality. You should then limit access to these codes.

…you may have to accept that team members from one country may not be prepared to work with colleagues from certain other countries.

…spoken communications can cause misunderstandings you may not find in written communications. These may be hard to identify.

…certain groups will be happy to stay awake over night to join telephone and video conferences during other members' working time.

Which of the following is the BEST way to resolve conflict? *

1 point

Compromising

Forcing

Smoothing

Withdrawal

You are the project manager of a complicated construction project, which involves building highways in the whole state of North Carolina. You have several groups working with you in the project. To plan resources for this project and determine connection between activities you should preferably use: *

1 point

Staffing pool description.

Staffing management plan.

Responsibility assignment matrix (RAM).

Organization matrix.

In your project, your team is identifying which dependencies are discretionary during the process of sequencing the activities. Discretionary dependencies are sometimes referred to as: *

1 point

Soft logic.

Hard logic.

Mandatory logic.

Optional dependency.

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