02 exam udemy Flashcards
You are a project manager for your company and are helping management choose a project. You’ve been presented with the following information: Project 1 has a net present value of $25,000 and will take five years to complete. Project 2 has a net present value of $45,000 and will take two years to complete. Project 3 has a net present value of $33,500 and will take six years to complete. Which project should your company choose to complete?
A. Project 1
B. Project 2
C. Project 3
D. All projects have equal value, so any project is applicable.
B. The NPV of $45,000 within two years is the greatest investment of capital. A is incorrect because Project 1 will take five years to complete and has a moderately low NPV. C is incorrect because Project 3 has a lower NPV than Project 2 and will take six years to complete. D is incorrect. The projects listed do not have equal value.
You are a project manager for your company and are helping management choose a project. You’ve been presented with the following information: Project 1 has a net present value of $25,000 and will take five years to complete. Project 2 has a net present value of $45,000 and will take two years to complete. Project 3 has a net present value of $33,500 and will take six years to complete. Which project should your company choose to complete?
A. Project 1
B. Project 2
C. Project 3
D. All projects have equal value, so any project is applicable.
You are the project manager for your organization and you’re working with management to determine the best project for your company. Beth, a manager, has suggested using linear programming to help determine the best project. Linear programming is an example of which project selection method? A. Benefit/cost ratio B. Constrained optimization C. The comparative approach model D. Prioritization
B. Constrained optimization methods are complex mathematical formulas and algorithms that are used to predict the success of projects, the variables within projects, and tendencies to move forward with selected project investments. A is incorrect because benefit/cost ratios examine the cost to benefits of multiple projects. C is incorrect. This approach compares the current project to others to determine the best choice of action. D is also incorrect. Prioritization is the priority assigned to multiple existing projects within an organization.
You are the project manager for your organization and you’re working with management to determine the best project for your company. Beth, a manager, has suggested using linear programming to help determine the best project. Linear programming is an example of which project selection method? A. Benefit/cost ratio B. Constrained optimization C. The comparative approach model D. Prioritization
You are the project manager for your organization and you’re working with your project team to help coach them on the processes within project management. During this coaching you explain the difference between constraints and assumptions and how this affects project initiation. You also explain how long-term projects and short-term projects may be measured differently during project ignition. In light of this conversion, customer demands, changes to the marketplace, and opportunity are all examples of which one of the following? A. Project constraints B. Project assumptions C. Reasons for project initiation D. The components of a long-term project
C. Projects can be initiated for varying reasons, though the most common are customer demands, changes to the marketplace, and opportunity. A is incorrect. These are not examples of project constraints. B is incorrect because these are not assumptions. D is also incorrect. These examples are not typical components within a long-term project. They may influence the project and are thus considerations for the project.
You are the project manager for your organization and you’re working with your project team to help coach them on the processes within project management. During this coaching you explain the difference between constraints and assumptions and how this affects project initiation. You also explain how long-term projects and short-term projects may be measured differently during project ignition. In light of this conversion, customer demands, changes to the marketplace, and opportunity are all examples of which one of the following? A. Project constraints B. Project assumptions C. Reasons for project initiation D. The components of a long-term project
Management must choose a project that will be the most profitable. This approach to project selection is based on which one of the following? A. Linear programming B. Capital management C. The economic model D. Multiobjective programming
C. This is a simple economic model for choosing the most profitable project. A is incorrect. Linear programming is an example of constrained optimization. B is incorrect because this term is not valid for this question. D is also incorrect. This is an example of constrained optimization.
Management must choose a project that will be the most profitable. This approach to project selection is based on which one of the following? A. Linear programming B. Capital management C. The economic model D. Multiobjective programming
You are the project manager of the NHJ Project. This project is to create a new software package for a client. You’re working with the client, business analysts, software developers, business developers, and the sales team to create the vision and requirements of the newly initiated project. Of the following, which one determines the scope of the project?
A. The project manager
B. The project sponsor
C. The performing organization’s management
D. The customer
D. The customer determines the requirements for the project. After all, the project is completed for the customer. A is incorrect because the project manager does not determine the requirements, but instead manages the methods to achieve them. B is incorrect because the project sponsor does not set the requirements for the project. C is also incorrect. The performing organization’s management does not set the requirements for the project. Management may have input to the process, but ultimately the customer sets the requirements of the project.
You are the project manager of the NHJ Project. This project is to create a new software package for a client. You’re working with the client, business analysts, software developers, business developers, and the sales team to create the vision and requirements of the newly initiated project. Of the following, which one determines the scope of the project?
A. The project manager
B. The project sponsor
C. The performing organization’s management
D. The customer
June is managing a project which was slated to last one year. The project is now entering its third year. Of the following, which statement is most applicable to this situation?
A. The project manager must break the project into subprojects.
B. The project scope has not been properly identified.
C. The project team must prevent any changes from entering the project.
D. The project needs to be stopped.
B. The project scope has likely not been properly identified, so the project is taking longer than it should. A is incorrect. There is no evidence in the information presented that the project should be broken into subprojects. C is incorrect. The project team may not have the power to approve or disapprove changes. In addition, the question does not provide adequate information to determine whether changes are the root of the problem. D is incorrect. There is not enough information presented to determine that the project should be stopped.
June is managing a project which was slated to last one year. The project is now entering its third year. Of the following, which statement is most applicable to this situation?
A. The project manager must break the project into subprojects.
B. The project scope has not been properly identified.
C. The project team must prevent any changes from entering the project.
D. The project needs to be stopped.
You are an IT project manager for your company and are currently defining the scope for a new project. The CIO defines project success as “implementation of standard technical components.” The project sponsor, on the other hand, defines project success as “achieving excellence in technology,” while the project customer defines project success as “the presence of sales-promoting features.” What should you do as the project manager?
A. Follow the customer’s opinion. It is their project.
B. Follow the CIO’s opinion. He is in charge.
C. Follow the sponsor’s opinion. He is in charge.
D. Talk with the stakeholders to define the project objectives in measurable metrics.
D. Measurable metrics cannot be applied to each of the stakeholders’ comments, and in order for the project to succeed, measurable metrics are needed. A is incorrect. The customer did not provide any metrics for the project’s success. B is incorrect. The CIO did not provide any metrics for the project’s success. C is also incorrect. The project sponsor did not provide any metrics for the project’s success.
You are an IT project manager for your company and are currently defining the scope for a new project. The CIO defines project success as “implementation of standard technical components.” The project sponsor, on the other hand, defines project success as “achieving excellence in technology,” while the project customer defines project success as “the presence of sales-promoting features.” What should you do as the project manager?
A. Follow the customer’s opinion. It is their project.
B. Follow the CIO’s opinion. He is in charge.
C. Follow the sponsor’s opinion. He is in charge.
D. Talk with the stakeholders to define the project objectives in measurable metrics.
Yolanda is the project manager of the newly initiated PD Project for her company. She’s working with the project team and the key stakeholders to review the project requirements and prep for the project scope creation. All of the following documents are needed to define the project scope except for which one? A. The project charter B. The scope management plan C. The quality management plan D. Requirements documentation
C. The quality management plan isn’t needed during scope definition. The define scope process has four inputs: the scope management plan, the project charter, requirements documentation, and the organizational process assets. A is incorrect. The project charter is an input to scope definition. B is incorrect. The project scope management plan is an input to scope definition. D is incorrect. Requirements documentation is an input to the define scope process.
Yolanda is the project manager of the newly initiated PD Project for her company. She’s working with the project team and the key stakeholders to review the project requirements and prep for the project scope creation. All of the following documents are needed to define the project scope except for which one? A. The project charter B. The scope management plan C. The quality management plan D. Requirements documentation
You are the project manager of the PHG Project. You and your project team need to verify a project assumption. Which one of the following can most help with this process? A. Constraints B. Historical information C. Organizational policies D. Project team members’ recollections
B. Historical information can most help with project assumptions. A is incorrect. Constraints will not help the project team verify an assumption. C is incorrect. Organizational policies will set the confines of the project, but they will not help the team verify an assumption. D is incorrect. Team member recollections are not as reliable as historical information since this is an input that is documented.
You are the project manager of the PHG Project. You and your project team need to verify a project assumption. Which one of the following can most help with this process? A. Constraints B. Historical information C. Organizational policies D. Project team members’ recollections
You are the project manager for your organization. You have just been assigned a new project with a predetermined budget of $250,000. This is an example of which one of the following? A. Constraint B. Assumption C. Expert judgment D. Functional structure
A. A predetermined budget is a project constraint. B is incorrect because this is not an example of an assumption. C is incorrect because this is not an expert judgment. D is also incorrect because this is not an example of a functional structure.
You are the project manager for your organization. You have just been assigned a new project with a predetermined budget of $250,000. This is an example of which one of the following? A. Constraint B. Assumption C. Expert judgment D. Functional structure
You have just taken over a failing project. In your initial review of the project schedule, you realize the previous project manager has made no exceptions for travel delays. This is an example of which one of the following? A. Constraint B. Assumption C. Schedule variances D. Critical path activity
B. The previous project manager has made an assumption that there will be no delays when project team members travel. A is incorrect because this is not a constraint. C is incorrect because this is not a schedule variance, or if it is, there isn’t enough information provided to make this decision. D is also incorrect because there isn’t enough information provided to determine that this is a critical path activity.
You have just taken over a failing project. In your initial review of the project schedule, you realize the previous project manager has made no exceptions for travel delays. This is an example of which one of the following? A. Constraint B. Assumption C. Schedule variances D. Critical path activity
You are the project manager for your organization. The ART Project, which you have been working on for the last two months, has a very strict cost constraint, high requirements for quality, and must be completed within the next eight months. If the project exceeds its budget by more than 1 percent, management will deem the project a failure. Changes to your project have caused the project costs to increase slightly, thereby expanding the project schedule by two weeks. Of the following, which control mechanism is the most important in this project? A. Time control B. Cost control C. Quality control D. Scope control
B. The predominant constraint on this project is cost, so cost control is the best answer. A is incorrect. While time is important, cost is the defined constraint. C is incorrect. Quality is always important, but quality is affected by the project’s cost constraint. D is also incorrect. Scope control is important to a project, but cost control is of higher importance based on the information that the question provides. While changes to the scope can affect cost, unacceptable work within the scope can also affect cost.
You are the project manager for your organization. The ART Project, which you have been working on for the last two months, has a very strict cost constraint, high requirements for quality, and must be completed within the next eight months. If the project exceeds its budget by more than 1 percent, management will deem the project a failure. Changes to your project have caused the project costs to increase slightly, thereby expanding the project schedule by two weeks. Of the following, which control mechanism is the most important in this project? A. Time control B. Cost control C. Quality control D. Scope control
A new project is forming to create a new warehouse. The warehouse plans call for completion within one year if the expected resources are available. Management requires the in-house development team on this project. The project manager and the project sponsor, however, feel the available resources are committed to too many other projects and won’t have adequate availability to the new project. Because of all this, additional time will be needed in developing which one of the following? A. A team development plan B. A resource-limited schedule C. A procurement management plan D. A responsibility assignment matrix
B. Because the project team is assigned to many different projects and is not readily available for the project work, the project manager should develop a resource-limited schedule. A is incorrect. A team development plan is a subsidiary plan to train the project team on new or missing skills. C is incorrect because procurement is not an option in this instance. D is also incorrect because the responsibility assignment matrix is not needed at this time in the project.
A new project is forming to create a new warehouse. The warehouse plans call for completion within one year if the expected resources are available. Management requires the in-house development team on this project. The project manager and the project sponsor, however, feel the available resources are committed to too many other projects and won’t have adequate availability to the new project. Because of all this, additional time will be needed in developing which one of the following? A. A team development plan B. A resource-limited schedule C. A procurement management plan D. A responsibility assignment matrix
You are the project manager of the NHQA Project for your company and you’re working with the functional managers to define all of the needed resources on your construction project. All of the following are resources except for which one? A. People B. Equipment C. Materials D. Time
D. Time is not a resource since it is necessary to complete the project work. A is incorrect because people are resources. B is incorrect because equipment is an example of a resource. C is also incorrect because materials are resources.
You are the project manager of the NHQA Project for your company and you’re working with the functional managers to define all of the needed resources on your construction project. All of the following are resources except for which one? A. People B. Equipment C. Materials D. Time
Henry is the project manager of the GHY Project for his company. He’s working with the project team to develop a robust project plan for the project. Bethanne, one of the project team members, doesn’t understand why so much time is needed for the project plan and wants to get to work on the project more quickly. Harold should explain that the project plan is used for all except one of the following. Which one isn’t it used for?
A. Guiding the project’s execution
B. Documenting project planning assumptions
C. Creating methods to assign project resources to stakeholders
D. Facilitating communication among stakeholders
C. The project plan does not provide methods to assign the project resources to stakeholders. A is incorrect because the project plan does guide project execution. B is incorrect because the project plan does guide project planning assumptions. D is also incorrect because the project plan does facilitate communication among stakeholders.
Henry is the project manager of the GHY Project for his company. He’s working with the project team to develop a robust project plan for the project. Bethanne, one of the project team members, doesn’t understand why so much time is needed for the project plan and wants to get to work on the project more quickly. Harold should explain that the project plan is used for all except one of the following. Which one isn’t it used for?
A. Guiding the project’s execution
B. Documenting project planning assumptions
C. Creating methods to assign project resources to stakeholders
D. Facilitating communication among stakeholders
There are many things you’ll need to plan for in project management, but you’ll always need to address the triple constraints of project management. What are the triple constraints of project management? A. Time, cost, and scope B. Time, schedule, and cost C. Time, resources, and scope D. Schedule, quality, and budget
A. The triple constraints are time, cost, and scope. B, C, and D are all incorrect because each is a false statement.
There are many things you’ll need to plan for in project management, but you’ll always need to address the triple constraints of project management. What are the triple constraints of project management? A. Time, cost, and scope B. Time, schedule, and cost C. Time, resources, and scope D. Schedule, quality, and budget
You must have an engineer on your project for the entire second phase. If you do not have an engineer available, the project will fail. The demand for the engineer can best be described as what? A. An assumption B. A constraint C. A risk D. A staffing issue
B. The demand for an engineer is a resource constraint. A is incorrect because this is not an assumption. C is incorrect. This is not a risk because the question does not define whether or not the resource is available. Not enough information is provided in the question to know if there are many engineers available or none at all. In addition, risk does not answer the question as well as B does. D is incorrect because this statement is false.
You must have an engineer on your project for the entire second phase. If you do not have an engineer available, the project will fail. The demand for the engineer can best be described as what? A. An assumption B. A constraint C. A risk D. A staffing issue
You and your project team are executing a plan to install a new piece of software on every computer within your organization. Your project team has discovered that not all of the computers within the organization can run the new software the way they had hoped. This is an example of which one of the following? A. Assumption B. Constraint C. Risk D. Planning
A. The project team is operating under an assumption that all of the computers can run the new software. B is incorrect because this is not a constraint, but an assumption. C is also incorrect. Though there may be a risk present that the computers may not be able to load and run the application, initially the project team was operating under an assumption. D is incorrect as well. This statement is too general and does not answer the question as well as A does.
You and your project team are executing a plan to install a new piece of software on every computer within your organization. Your project team has discovered that not all of the computers within the organization can run the new software the way they had hoped. This is an example of which one of the following? A. Assumption B. Constraint C. Risk D. Planning
Your project is to build a bridge in your city. The project must be completed by December 1 or your company will have to pay $10,000 a day in fines. This is an example of which one of the following? A. Assumption B. Critical chain method planning C. A cost constraint D. A schedule constraint
D. The project must be completed by December 1, so this is an example of schedule constraint. A is incorrect because this is not an assumption. B is incorrect because this answer is not valid for this question. C is also incorrect because this is not a cost constraint. The $10,000 penalty is only assessed if the project does not complete on time. In addition, in some instances it is more cost-effective to be late with the project deliverable, accept the penalty, and deliver a higher-quality project.
Your project is to build a bridge in your city. The project must be completed by December 1 or your company will have to pay $10,000 a day in fines. This is an example of which one of the following? A. Assumption B. Critical chain method planning C. A cost constraint D. A schedule constraint
You are the project manager of the AAA Project, which requires different skills by different team members at various times throughout the project. Which of the following should detail how team members are brought on to, and released from, the project? A. The procurement management plan B. The staffing management plan C. Organizational planning D. The cost management plan
B. The staffing management plan details how project team members will be brought on to the project and excused from it. A is incorrect. The procurement management plan is not applicable to this question. C is incorrect. Organizational planning is the process of mapping the project’s roles and responsibilities, and reporting relationships to the appropriate people or groups of people. D is incorrect. The cost management plan dictates how cost variances will be managed.
You are the project manager of the AAA Project, which requires different skills by different team members at various times throughout the project. Which of the following should detail how team members are brought on to, and released from, the project? A. The procurement management plan B. The staffing management plan C. Organizational planning D. The cost management plan
Resource planning is an important component of every project. You’ll need to know when resources are needed, when they’ll be released from the project, and what the schedule of each resource is. One tool, a resource histogram, can help with project planning. What is the purpose of a resource histogram?
A. It allows the project manager to identify when workers will be working on particular project activities.
B. It allows the project manager to determine how many resources are used in a given month on the project.
C. It allows the project manager to determine the cost of the resources.
D. It allows the project manager to identify slipping resources.
B. Resource histograms are charts that illustrate when workers are used in a project. A is incorrect. Resource histograms show collective time, not the time mapped to individual project activities. C is incorrect. Resource histograms do not map costs to project activities. D is incorrect. Resource histograms do not identify resources that may be slipping on activities.
Resource planning is an important component of every project. You’ll need to know when resources are needed, when they’ll be released from the project, and what the schedule of each resource is. One tool, a resource histogram, can help with project planning. What is the purpose of a resource histogram?
A. It allows the project manager to identify when workers will be working on particular project activities.
B. It allows the project manager to determine how many resources are used in a given month on the project.
C. It allows the project manager to determine the cost of the resources.
D. It allows the project manager to identify slipping resources.
You are the project manager of the BNH Project. You have the following project team members: Thomas, who’s very excited about the project work and will work overtime if needed; Emily, who always works overtime; Henry, who’s well-liked by the customer and can work overtime if needed; and Samantha, who always completes the project requirements. Who is the best project team member for this project? A. Thomas B. Emily C. Henry D. Samantha
D. Samantha always completes the project requirements, so she is the best resource for the project. A is incorrect. Thomas may be excited and willing, but the question does not indicate whether he can complete the project requirements. B is incorrect. Emily may work overtime, but the question does not indicate whether she can complete the project requirements. In addition, a worker who always works overtime can increase project costs. C is also incorrect. Henry is well liked by the customer and can work overtime if needed, but the question does not indicate whether he can complete the project requirements. Unless the customer asks specifically for Henry, and Henry can complete the project requirements, he is not needed on the project.
You are the project manager of the BNH Project. You have the following project team members: Thomas, who’s very excited about the project work and will work overtime if needed; Emily, who always works overtime; Henry, who’s well-liked by the customer and can work overtime if needed; and Samantha, who always completes the project requirements. Who is the best project team member for this project? A. Thomas B. Emily C. Henry D. Samantha
Projects rely on the project manager to lead and direct the project work and the project team to execute the project work. Which one of the following will help a project manager determine which project team members complete activities in a project? A. Functional managers B. The responsibility assignment matrix C. A network diagram D. The work breakdown structure
B. The responsibility matrix reveals who does what in a project. A is incorrect. Functional managers will know what their employees’ roles are in a project, but it’s likely they won’t be a good resource to find out detailed information. C is incorrect because network diagrams illustrate the sequence of project activities. D is also incorrect because the WBS does not map team members to the project components.
Projects rely on the project manager to lead and direct the project work and the project team to execute the project work. Which one of the following will help a project manager determine which project team members complete activities in a project? A. Functional managers B. The responsibility assignment matrix C. A network diagram D. The work breakdown structure
Your organization is launching a new project that is similar to an older project. Which one of the following can streamline the project planning process?
A. Relying on the project deliverables of the previous project
B. Using the previous project’s risk matrix chart to guide the current project’s risk management planning session
C. Using the WBS of the previous project as a template for this project’s WBS
D. Reviewing the project’s financial control systems
C. The WBS of the previous project that was similar to the current project is the best choice. A is incorrect because the deliverable of the previous project won’t help with the planning of the current project as much as the prior project’s WBS will. B is incorrect. The previous project’s risk matrix chart may help guide the risk assessment, identification, and risk response process, but it won’t help the risk management planning session. Plus, the WBS for the current project is needed as well to complete this process, so that makes C the better choice. D is incorrect. The financial controls are most likely universal to all projects within an organization; they don’t simply operate on a per-project basis. Furthermore, if the projects did have independent financial controls, the WBS would still be needed to complete cost estimating and budgeting.
Your organization is launching a new project that is similar to an older project. Which one of the following can streamline the project planning process?
A. Relying on the project deliverables of the previous project
B. Using the previous project’s risk matrix chart to guide the current project’s risk management planning session
C. Using the WBS of the previous project as a template for this project’s WBS
D. Reviewing the project’s financial control systems
What is the process of subdividing project deliverables into smaller, more manageable components called? (Choose the best answer.) A. Decomposition B. WBS composition C. Progressive elaboration D. Work packages
A. The subdivision of project deliverables into smaller, more manageable components is called decomposition. B is incorrect because this term is not valid for this question. C is incorrect because progressive elaboration describes any process that progressively elaborates on its theme. For example, the concept of building a house may be developed into a sketch, which is then developed into blueprints, and so on. D is incorrect because work packages are the smallest item in the WBS.
What is the process of subdividing project deliverables into smaller, more manageable components called? (Choose the best answer.) A. Decomposition B. WBS composition C. Progressive elaboration D. Work packages
You and the project team have just created a WBS for your project. Each item within the work package is recognized by a unique identifier. Your boss wants to know where the numbering scheme came from. Which of the following would be the best explanation to give him? A. A charter of accounts B. A code of projects C. A chart of accounts D. A code of accounts
D. The code of accounts is the unique numbering system for each element in the WBS. A is incorrect because this term isn’t valid. B is incorrect because the code of project is not a valid term. C is also incorrect because the chart of accounts is a numbering system to track costs by category within the project.
You and the project team have just created a WBS for your project. Each item within the work package is recognized by a unique identifier. Your boss wants to know where the numbering scheme came from. Which of the following would be the best explanation to give him? A. A charter of accounts B. A code of projects C. A chart of accounts D. A code of accounts
You are the project manager of the NHQ Project for your company. This project is to create a new condo building in your city and is scheduled to last for just ten months. Your project team has just decomposed all of the project deliverables for their construction project. What is the document that the decomposition creates? A. An organizational breakdown structure B. A work breakdown structure C. A bill of materials D. A resource breakdown structure
B. The project team has created the work breakdown structure. A is incorrect. The organizational breakdown structure defines the hierarchy of the project organization. C is incorrect as well because the bill of materials is a definition of all the materials required to complete the project work. D is also incorrect because the resource breakdown structure illustrates the resources used within the project.
You are the project manager of the NHQ Project for your company. This project is to create a new condo building in your city and is scheduled to last for just ten months. Your project team has just decomposed all of the project deliverables for their construction project. What is the document that the decomposition creates? A. An organizational breakdown structure B. A work breakdown structure C. A bill of materials D. A resource breakdown structure
You and your project team are working on the creation of the project’s WBS. Some of the elements cannot be decomposed until late in the project. What approach can the project team take in this scenario?
A. Decompose the packages as far as they can based on the current information.
B. Decompose the packages as far as they can based on past projects’ performances.
C. Utilize rolling wave planning.
D. The project work must be fully decomposed in order for the project’s work authorization system to be active.
C. The project team should utilize rolling wave planning, which would allow the project team to revisit the deliverables that need to be decomposed as more information becomes available. A is incorrect because this answer does not fully satisfy the question. B is incorrect. It may be useful to use the WBS of past projects, but this answer assumes that the past projects are similar. In addition, the question states that some of the deliverables cannot be decomposed until later in the project duration. D is incorrect because this is not a true statement.
You and your project team are working on the creation of the project’s WBS. Some of the elements cannot be decomposed until late in the project. What approach can the project team take in this scenario?
A. Decompose the packages as far as they can based on the current information.
B. Decompose the packages as far as they can based on past projects’ performances.
C. Utilize rolling wave planning.
D. The project work must be fully decomposed in order for the project’s work authorization system to be active.
You, a project manager, must know all of the components of a project plan and be able to explain the importance, significance, and depth of each project management planning component. One document you’ll use often in project planning is the WBS. What is the smallest item in the WBS called? (Choose the best answer.) A. A work package B. A deliverable C. A project component D. A leaf object
A. The smallest item in the WBS is called the work package. B is incorrect. This answer may be true, but it is not the best choice for the question. C is incorrect because this is not the best choice for the question. D is incorrect because this is not a true statement.
You, a project manager, must know all of the components of a project plan and be able to explain the importance, significance, and depth of each project management planning component. One document you’ll use often in project planning is the WBS. What is the smallest item in the WBS called? (Choose the best answer.) A. A work package B. A deliverable C. A project component D. A leaf object
All except one of the following activities are usually involved in the creation of the WBS. Which one is the exception?
A. Identifying the deliverables and related work
B. Structuring and organizing the WBS
C. Developing and assigning identification codes to the WBS components
D. Evaluating the project risk components
D. Project risk assessment and evaluations come after the WBS has been created. A, B, and C are incorrect because each is part of the WBS creation.
All except one of the following activities are usually involved in the creation of the WBS. Which one is the exception?
A. Identifying the deliverables and related work
B. Structuring and organizing the WBS
C. Developing and assigning identification codes to the WBS components
D. Evaluating the project risk components
Joan is the project manager of the NQQ Project for her company and she’s working with the project team to create the work breakdown structure (WBS). What is the purpose of the WBS? (Choose the best answer.)
A. It identifies the project.
B. It organizes and defines the project scope.
C. It helps the project team visualize the project work.
D. It identifies areas of the project that need more planning.
B. The WBS organizes and defines the project scope. A is incorrect because this is not the purpose of the WBS. C is incorrect. Though the WBS is a visual component, this is not its primary purpose. D is incorrect. This statement may be true, but this is not the purpose of the WBS.
Joan is the project manager of the NQQ Project for her company and she’s working with the project team to create the work breakdown structure (WBS). What is the purpose of the WBS? (Choose the best answer.)
A. It identifies the project.
B. It organizes and defines the project scope.
C. It helps the project team visualize the project work.
D. It identifies areas of the project that need more planning.
You are creating a plan to control how changes to the project scope will be permitted. Which one of the following would be the name of this plan? A. The change control system B. The cost management plan C. The scope management plan D. The risk management plan
C. The scope management plan explains how the project scope will be managed and how scope changes will be factored into the project plan. A is incorrect because the change control system (CCS) is the process of how changes are presented, processed, documented, and managed. B is incorrect because the cost management plan dictates how cost variances will be managed. D is incorrect because the risk management plan details how risks are planned for and responded to.
You are creating a plan to control how changes to the project scope will be permitted. Which one of the following would be the name of this plan? A. The change control system B. The cost management plan C. The scope management plan D. The risk management plan
Your project is not costing as much as you predicted. If you do not use your entire budget allotment for the first phase of the project, you will receive a budget reduction for the second phase of your project. You elect to order slightly better materials that will provide a higher quality product for the customer, but that will also allow you to meet the predicted budget for this phase of the project. This condition is best described as which one of the following? A. Effective cost management B. Integrated change control C. Gold plating D. Parkinson’s Law
C. When a project manager delivers higher-grade materials than what is needed to drive up the price of the project, this is known as gold plating. It is not an effective project management method. A is incorrect because this is not effective cost management. B is incorrect. Integrated change control is the process of integrating changes across the entire project. D is also incorrect because this is not Parkinson’s Law. Parkinson’s Law states that work will expand to fulfill the time allotted to it.
Your project is not costing as much as you predicted. If you do not use your entire budget allotment for the first phase of the project, you will receive a budget reduction for the second phase of your project. You elect to order slightly better materials that will provide a higher quality product for the customer, but that will also allow you to meet the predicted budget for this phase of the project. This condition is best described as which one of the following? A. Effective cost management B. Integrated change control C. Gold plating D. Parkinson’s Law
You are the project manager for your organization and are currently determining which resource is the best fit for each of the project activities. Thus, you are completing which one of the following? A. Project human resource management B. Project role assignment C. The development of the project team D. The fulfillment of staff acquisitions
A. Project human resource management is the process of successfully applying the right resource to the project work in the most effective way in order to accomplish the project goals while maintaining cost and schedule. B is incorrect because role assignment is not a viable choice for this question. C is incorrect. Developing the project team involves updating skill sets and team relationships, so it is not a viable choice. D is also incorrect because the question does not indicate that project team members need to be acquired for the project.
You are the project manager for your organization and are currently determining which resource is the best fit for each of the project activities. Thus, you are completing which one of the following? A. Project human resource management B. Project role assignment C. The development of the project team D. The fulfillment of staff acquisitions
John is the project sponsor for your project and you’ve been working with him regarding some quality and risk issues. Which of the following statements is true about the project sponsor’s activities?
A. The project sponsor manages the project with the project manager.
B. The project sponsor assigns the project team members to specific project activities.
C. The project sponsor allows the project manager to make all decisions in a functional environment.
D. The project sponsor ensures the project manager has the necessary resources to complete the project.
D. The project sponsor does ensure that the project manager has the necessary resources to complete the project. A is incorrect because the project sponsor does not manage with the project manager. B is incorrect because the project sponsor does not assign project team members to activities; the project manager does. C is also incorrect because a project manager has little to no authority in a functional environment.
John is the project sponsor for your project and you’ve been working with him regarding some quality and risk issues. Which of the following statements is true about the project sponsor’s activities?
A. The project sponsor manages the project with the project manager.
B. The project sponsor assigns the project team members to specific project activities.
C. The project sponsor allows the project manager to make all decisions in a functional environment.
D. The project sponsor ensures the project manager has the necessary resources to complete the project.
You and another project manager are in competition for Juan. Both of you need him for activities on your projects full-time, but your projects overlap in schedule. This is an example of which one of the following? A. Resource pool availability B. Conflict management C. Ivory tower D. Resource constraint
D. If certain activities require a worker with a highly specialized skill, these activities are resource-dependent. A is incorrect because while the availability of the resources must be examined, this is an example of resource-dependent activities. B is incorrect because the question does not provide enough information to determine if conflict management was involved or successful. C is also incorrect. Ivory tower is slang for resources that involve the only worker with a highly specialized skill set. Usually the individual is in demand and may develop a cocky attitude about their abilities within the organization.
You and another project manager are in competition for Juan. Both of you need him for activities on your projects full-time, but your projects overlap in schedule. This is an example of which one of the following? A. Resource pool availability B. Conflict management C. Ivory tower D. Resource constraint
Management has asked you to create an Ishikawa diagram for your new project. An Ishikawa diagram aims to do which one of the following?
A. Facilitate design of experiments
B. Complete the statistical analysis of defects
C. Offer insight into problems that are causing failure
D. Offer a complete cause-and-effect analysis
D. An Ishikawa diagram facilitates cause-and-effect analysis. A is incorrect because Ishikawa diagrams do not facilitate design of experiments. B is incorrect because control charts and Pareto charts complete the statistical analysis of defects. C is also incorrect because a Pareto chart offers insights into problems that are causing failure.
Management has asked you to create an Ishikawa diagram for your new project. An Ishikawa diagram aims to do which one of the following?
A. Facilitate design of experiments
B. Complete the statistical analysis of defects
C. Offer insight into problems that are causing failure
D. Offer a complete cause-and-effect analysis
A project manager has a project team member whose work is consistently not in alignment with the quality metrics as required by the customer. This discrepancy results in rework and wasted time. What should the project manager do? A. Adjust the quality baseline. B. Implement corrective actions. C. Discipline the project team member. D. Update the quality management plan.
B. Corrective actions are actions taken to bring future performance into alignment with the project plan. A is incorrect because adjusting the quality baseline will not change what is expected from the customer. C is incorrect. Corrective actions may include disciplining the project team member and other mechanisms to prevent the problem from recurring. D is also incorrect because updating any plans will not solve the actual problem of unacceptable work.
A project manager has a project team member whose work is consistently not in alignment with the quality metrics as required by the customer. This discrepancy results in rework and wasted time. What should the project manager do? A. Adjust the quality baseline. B. Implement corrective actions. C. Discipline the project team member. D. Update the quality management plan.
Complete this statement: Low \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ may not be a problem; low \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ always is. A. Quality, grade B. Quality, craft C. Grade, quality D. Targets, quality
C. Low grade may not be a problem if that is what the customer has asked for. Low quality, however, is always a problem. A, B, and D are incorrect because these are not viable choices for this question.
Complete this statement: Low \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ may not be a problem; low \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ always is. A. Quality, grade B. Quality, craft C. Grade, quality D. Targets, quality
You are the project manager of a project to solve customer service problems in your company’s call center. You would like to create a chart showing the frequency of problems your project team has identified. What is the name of the chart you would like to create? A. A Pareto chart B. A control chart C. A flowchart D. A Gantt chart
A. A Pareto chart lists the problems and shows their frequency of events. B is incorrect because control charts are a graphic display of the end results of a process sampling over time. C is incorrect because flowcharts show the relationship between components in a system. D is incorrect because a Gantt chart shows activity time mapped to a calendar.
You are the project manager of a project to solve customer service problems in your company’s call center. You would like to create a chart showing the frequency of problems your project team has identified. What is the name of the chart you would like to create? A. A Pareto chart B. A control chart C. A flowchart D. A Gantt chart
