20Q 05 Flashcards

PMP PREP

1
Q

Free Float (FF) ?

A

Free Float (FF) is the difference between the Early Start (ES) of the succeeding activity and the Early Finish (EF) of the current activity

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2
Q

In the Plan Procurement Management process, the project manager needs to create a procurement management plan which includes the types and quantities of products or services to be acquired

A

In the Plan Procurement Management process, the project manager needs to create a procurement management plan which includes the types and quantities of products or services to be acquired

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3
Q

A project manager notices that the number of defects has been increasing over time. What quality metric can be used to monitor trends and understand the project’s defect patterns?

a. Checklist
b. Histogram
c. Control chart
d. Scatter diagram

A

Control charts help monitor trends and show variations over time, providing insights into patterns that can be addressed to improve the project’s overall quality.

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4
Q

Your project team is attempting to understand the frequency of occurrence of defects in your software coding project. Which Seven Basic Quality Tools technique would be most helpful?

a. Control Chart
b. Flowchart
c. Pareto Chart
d. Histogram

A

Histograms are effective for illustrating the pattern of frequency among a set of data items. Although other tools like Control Chart and Pareto can be useful for visualizing data, a Histogram is specifically designed to understand frequency distribution.

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5
Q

During the execution phase, a project manager finds out that an identified risk has occurred. They decide to implement a contingency plan to minimize the impact. What should they do with the contingency reserve?

a. Ignore the reserve since the risk has already occurred
b. Use the reserve to fund the contingency plan
c. Increase the reserve to cover additional risks
d. Redistribute the reserve to other project activities

A

Contingency reserves are meant for use when risks occur. They are created during the planning phase to address identified and unknown risks. When a risk occurs, the project manager should use the reserve to fund the contingency plan to minimize the impact.

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6
Q

A project manager discovered that their product is losing market share to a new competitor. They must choose a market research method to analyze the situation. What’s the best option?
a.Sending out surveys to understand why customers prefer the competitor
b.Interviewing employees of the competitor
c.Perform a SWOT analysis
d.Focus on advertising to overshadow the competitor

A

The best option is to perform a SWOT analysis which will provide insights into strengths, weaknesses, opportunities, and threats for the product in the market. Other options like surveys, interviews, and changing product offerings are more specific approaches that are better suited after the initial analysis.

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7
Q

In a large-scale transportation project, a project manager has identified a low-power, high-interest stakeholder. How should the project manager manage this stakeholder?
a.
Directly involve the stakeholder in decision-making processes
b.
Keep the stakeholder informed and consult with them regularly
c.
Ignore the stakeholder as they have low power
d.
Prioritize the stakeholder’s needs over all other stakeholders

A

A low-power, high-interest stakeholder may not have significant influence over the project but is still interested in the project, so keeping them informed and consulting with them regularly helps maintain a good relationship and avoids potential issues.

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8
Q

NEW stakeholder is introduced

A

Whenever a new stakeholder is introduced, the first step is to update the register and perform a new stakeholder analysis

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9
Q

During a project, one of your team members reports that he is ahead of schedule. What is the ideal action as per the principles of Time-Boxed Scheduling?
a.Adjust the schedule of the next time-box tasks.
b.Continue with the current time-box and utilized extra time for quality assurance tasks.
c.Deduct this extra time from the next time-box.
d.Start the next time-box task immediately.

A

The principle of Time-Boxed Scheduling is to maintain the schedule for each tasks without influence of another. Starting the next task or adjusting the schedule would disrupt the principle. The extra time can be ideally used for quality assurance tasks to maintain the process stability.

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10
Q

The project manager for a construction company wants to identify why there has been an increase in accidents at the worksite. Which tool should they use?

a.Stratification

b.Fishbone Diagram

c.Histogram

d.Run Chart

A

A Fishbone Diagram, also known as a Cause and Effect Diagram or Ishikawa Diagram, can be used to systematically trace the root cause of a problem by looking at all possible contributing factors.

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11
Q

In order to analyze defects, the project manager wants to categorize the defects according to their degree of severity. Which quality tool would be appropriate for this purpose?
a.
Flowchart
b.
Pareto Chart
c.
Histogram
d.
Scatter Diagram

A

A Pareto Chart is a type of chart that contains both bars and a line graph, where individual values are represented in descending order by bars. Thus, it’s the right tool for categorizing defects according to their severity.

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12
Q

A project manager wants to track the variance of defects over a period of time during the project. Which visual tool should be used?
a.Control Chart
b.Pareto Chart
c.Fishbone Diagram
d.Histogram

A

A Control Chart is designed to show how a process changes over time. It is best used when monitoring and controlling the quality of an output over time and identifying whether a process is constant or predictable.

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13
Q

A manufacturing company wants to ensure that all of its products meet specific standards before being sent to clients. Which quality tool would be best for monitoring the ongoing production process?
a.Histogram
b.Pareto Chart
c.Cause and Effect Diagram
d.Control Chart

A

A Control Chart is a quality tool that plots continuous data over time. It is used to monitor the performance of a process and determine whether it is in control (stable and predictable) or out of control (unstable and unpredictable).

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14
Q

Your project team is attempting to understand the frequency of occurrence of defects in your software coding project. Which Seven Basic Quality Tools technique would be most helpful?
a.Control Chart
b.Flowchart
c.Pareto Chart
d.Histogram

A

Histograms are effective for illustrating the pattern of frequency among a set of data items. Although other tools like Control Chart and Pareto can be useful for visualizing data, a Histogram is specifically designed to understand frequency distribution.

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15
Q

As a project manager, you noticed an increasing number of defects in the production of a new software. Which quality tool will help you identify the common cause of the defects?
a.Scatter Diagram
b.Pareto Chart
c.Flowchart
d.Run Chart

A

A Pareto Chart is a combination of bar chart and line graph that displays the most significant factors or causes of defects. It helps prioritize which problems deserve the most attention based on the highest frequency or impact.

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16
Q

A project manager is preparing a risk response plan and needs to allocate contingency reserves. Which technique will best help to determine the appropriate amount?
a.Risk avoidance
b.Expected Monetary Value (EMV) analysis
c.Qualitative risk analysis
d.Decision tree analysis

A

Expected Monetary Value (EMV) analysis is a quantitative risk analysis technique that assigns a probability and impact monetary value to risks. This helps the project manager determine the appropriate amount of contingency reserve to be allocated.

17
Q

During a project status meeting, a team member informs the project manager about new risks that were not previously identified. What should the project manager do to address these risks?
a.Inform stakeholders and request additional funds
b.Ignore the risks since they were not identified during the risk planning
c.Update the risk register and re-assess the contingency reserve
d.Immediately implement risk mitigation strategies

A

When new risks are identified, the project manager should update the risk register and re-assess the contingency reserve. This ensures that sufficient funds are available to address the risks, while not wasting resources.

18
Q

s a project manager, you determine that a project’s risk is higher than expected. The contingency reserve is already set. What should you do?
a.Stop the project immediately until risks decrease.
b.Continue with the project and try to minimize the risks.
c.Ask team members to work overtime to meet the project schedule.
d.Request for additional contingency reserve.

A

If the project’s risk is higher than expected, that means there are more uncertainties that can affect the project’s outcome. Therefore, the appropriate response is to request for additional contingency reserve to account for those new risks.

19
Q

AON Calculation Method

A

Activity On Node Calculation Method

20
Q

FOR;ULQTE FOR FF And TF

A

Total Float shows the difference between the earliest date that the activity can start and latest date the activity can start before the completion date is delayed.
Total Float = LS – ES
= LF – EF

————————————–
Free Float, is the amount of time that the activity can be delayed before any successors will be delayed
So the finish date (Early Finish) of the activity is compared with the planned start (Early Start) of succeeding activities.
Free Float = Lowest ES of successors – EF

21
Q

You are a project manager who is analyzing the earned value management data of your project. The project is running behind schedule and is over-budget. Which baseline would help you develop corrective actions to get the project back on track?
a.Scope Baseline
b.Cost Baseline
c.Quality Baseline
d.Schedule Baseline

A

When identifying corrective actions for a project running over-budget, the Cost Baseline must be analyzed to understand the deviations in cost performance. The other baselines focus on different aspects of PMB and are not directly related to cost performance.

22
Q

TF vs FF

A

Total Float shows the difference between the earliest date that the activity can start and latest date the activity can start before the completion date is delayed.
Total Float = LS – ES
= LF – EF

Free Float, is the amount of time that the activity can be delayed before any successors will be delayed
So the finish date (Early Finish) of the activity is compared with the planned start (Early Start) of succeeding activities.
Free Float = Lowest ES of successors – EF