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Question 1

Fast tracking is an example of a tool used in _____ management.
a. quality
b. communication
c. schedule
d. risk
quality

Answer 1

c. schedule

Schedule management tools include Gantt charts, project network diagrams, critical path
analysis, crashing, fast tracking, and schedule performance measurements.

Question 2

Which organization provides certification as a Project Management Professional?

a. PMS
a. PMS
b. PMC
c. PMI
d. PMP

Answer 2

c. PMI

PMI or the Project Management Institute provides certification as a Project Management
Professional (PMP). A Project Management Professional (PMP) is someone who has
documented suf icient project experience and education, agreed to follow the PMI code of
professional conduct, and demonstrated knowledge of project management by passing a
comprehensive examination.

Question 3

The enterprise project management software, which aids project and portfolio management, is a low-end tool.

a. True
b. False

Answer 3

b. False

A category of project management software is high-end tools,sometimes referred to as
enterprise project management software. These tools provide robust capabilities to
handle very large projects and dispersed workgroups

Question 4

The role of a _____ is to provide direction and funding for a project.

a. project sponsor
b. project team
c. support staff member
d. project manager

Answer 4

a. project sponsor

Most projects have many interested parties or stakeholders, but someone must take the
primary role of sponsorship. The project sponsor usually provides the direction and
funding for the proj

Question 5

Which tool is most likely to be used in project schedule management?

a. Payback analysis
b. Gantt charts
c. Impact matrices
d. Fishbone diagrams

Answer 5

b. Gantt charts

Schedule management uses Gantt charts, project network diagrams, critical path
analysis, crashing, fast tracking, and schedule performance measurements.

Question 6

Which objective is true of projects?

a. They are developed using regressive elaboration.
b. They have an indefinite beginning and end.
c. They are permanent in nature.
d. They have a unique purpose.

Answer 6

d. They have a unique purpose.

One of the attributes of projects is that they have a unique purpose. Every project should have a well-defined objective.

Question 7

Questions about how a team will track schedule performance is related to a project’s scope.

a. True
b. False

Answer 7

b. False

Project scope deals with questions such as, “What work will be done as part of the project?”, “What unique product, service, or result does the customer or sponsor expect from the project?”, or “How will the scope be verified?”

Question 8

To be a successful manager, the only skills an IT project manager needs to possess are excellent technical skills.

a. True
b. False

Answer 8

b. False

IT project managers must be willing to develop more than their technical skills to be productive team members and successful project managers. Everyone, no matter how technical they are, should develop business and soft skills.

Question 9

Joe is a project manager in an IT company and has over the years, gained
substantial knowledge in his area of work. However, while managing his team, he often loses his temper. In addition, he fails to be an active listener when his team members approach him with work related challenges. In which of the following areas does Joe need to develop his skills in?

a. Project environment knowledge
b. Standards and regulations
c. Application area knowledge
d. Human relations skills

Answer 9

d. Human relations skills

Achieving high performance on projects requires soft skills, otherwise called human relations skills. Project managers need good soft skills to understand, navigate, and meet stakeholders’ needs and expectations. They need to be able to listen actively to what others are saying, help develop new approaches for solving problems, and then persuade others to work toward achieving project goals.

Question 10

Reporting performance, where project stakeholders can identify any necessary changes that may be required to keep the project on track, is a common part of which process?

a. executing
b. closing
c. monitoring and controlling
d. planning

Answer 10

c. monitoring and controlling

Feedback: Monitoring and controlling processes include regularly measuring and monitoring progress to ensure that the project team meets the project objectives. A common monitoring and controlling process is reporting performance, where project stakeholders can identify any necessary changes that may be required to keep the project on track.

Question 11

What is one of the main outputs of the initiation process?

a. creating the work breakdown structure
b. developing the project charter
c. selecting the project manager
d. identifying the project sponsor

Answer 11

b. developing the project charter

Feedback: The main outputs of the initiation process are a project charter and a
stakeholder register

Question 12

Initiating processes take place during each phase of a project.

a. True
b. False

Answer 12

a. True

Feedback: Initiating processes include defining and authorizing a project or project
phase. Initiating processes take place during each phase of a project

Question 13

The level of activity and length of each process group varies for every project.

a. True
b. False

Answer 13

a. True

Feedback: The level of activity and length of each process group varies for every project.
Normally, executing tasks requires the most resources and time, followed by planning
tasks.

Question 14

What processes include devising and maintaining a workable scheme to ensure that the project addresses the organization’s needs?

a. initiating
b. planning
c. executing
d. monitoring and controlling

Answer 14

a. initiating

Feedback: Initiating processes include defining and authorizing a project or project
phase. Initiating processes take place during each phase of a project.

Question 15

Which processes include acquiring and developing the project team, performing quality assurance, distributing information, managing stakeholder expectations, and conducting procurements?

a. monitoring and controlling
b. executing
c. planning
d. initiating

Answer 15

b. executing

Feedback: Executing processes include coordinating people and other resources to carry
out the various plans and create the products, services, or results of the project or phase.
Examples of executing processes include directing and managing project work, managing
project knowledge, acquiring resources, and conducting procurements.

Question 16

Decisions and actions taken in one knowledge area at a certain time rarely affect other knowledge areas.

a. True
b. False

Answer 16

b. False

Feedback: Project management is an integrative endeavor; decisions and actions taken
in one knowledge area at a certain time usually af ect other knowledge areas

Question 17

What is one of the main outputs of the initiation process?

a. creating the work breakdown structure
b. selecting the project manager
c. developing the project charter
d. identifying the project sponsor

Answer 17

c. developing the project charter

Feedback: The main outputs of the initiation process are a project charter and a
stakeholder register

Question 18

The WBS provides a basis for creating the project schedule and performing earned value management for measuring and forecasting project performance.

a. True
b. False

Answer 18

a. True

Feedback: The WBS is a very important tool in project management because it provides
the basis for deciding how to do the work. The WBS also provides a basis for creating the
project schedule and performing earned value management for measuring and
forecasting project performance.

Question 19

What is the main purpose of project plans?

a. schedule management plans
b. define project scope
c. estimate activity resources
d. guide project execution

Answer 19

d. guide project execution

Feedback: Developing a project management plan is a planning process falling under the
Project Integration Management knowledge area.

Question 20

Initiating processes are not required to end a project.

a. True
b. False

Answer 20

b. False

Feedback: Initiating processes are also required to end a project. Someone must initiate
activities to ensure that the project team completes all the work, documents lessons
learned, assigns project resources, and that the customer accepts the work.

Question 21

In the Scrum method, team members work as a self-directed group coached by the ScrumMaster.

a. True
b. False

Answer 21

a. True

Feedback: Because Scrum implies that team members work as a self-directed group, coached by the ScrumMaster, a team contract should not be necessary

Question 22

The organization recognizes that a new project exists and completes a project charter during which processes for a new project?

a. initiating
b. planning
c. controlling
d. opening

Answer 22

a. initiating

Feedback: While initiating processes for a new project, the organization recognizes that a
new project exists, and completes a project charter as part of this recognition.

Question 23

Which framework is an iterative software development process that focuses on team productivity and delivers software best practices to all team members?

a. Agile Unified Process
b. Dynamic Systems Development Method
c. Rational Unified Process
d. Six Sigma

Answer 23

Rational Unified Process

Question 24

The project management plan is the output of which project planning process?

a. integration management
b. quality management
c. scope management
d. procurement management

Answer 24

a. integration management

Feedback: The project management plan,which is part of the planning process, is the
output of project integration management.

Question 25

Which planning process is associated with project scope management? a. Collecting requirements b. Performing qualitative risk analysis c. Planning schedule management d. Estimating costs

Answer 25

a. Collecting requirements Feedback: Process improvement plans are an output of project quality management

Question 26

What tool provides a basis for creating the project schedule and performing earned value management for measuring and forecasting project performance? a. scope statement b. cost management plan c. work breakdown structure d. project charter

Answer 26

c. work breakdown structure Feedback: The WBS is a very important tool in project management because it provides the basis for deciding how to do the work. The WBS also provides a basis for creating the project schedule and performing earned value management for measuring and forecasting project performance.

Question 27

Which are outputs of the executing process of project integration management? a. deliverables b. issue logs c. resource calendars d. enterprise environmental factor updates

Answer 27

a. deliverables Feedback: Deliverables are an output of the executing process of project integration management.

Question 28

Which is true about the agile method? a. It is often used when a project team can express the scope early in the product life cycle. b. It is used when a project team wants to provide a potentially shippable product earlier rather than later. c. It uses several iterations or deliveries of software instead of waiting until the end of the project to provide a product. d. It is used when project teams want to use the predicative approach to a project.

Answer 28

c. It uses several iterations or deliveries of software instead of waiting until the end of the project to provide a product. Feedback: An agile approach is often used for projects in which the business team cannot clearly express the scope early in the product life cycle, but the team does want to provide a potentially shippable product earlier rather than later. An agile project team typically uses several iterations or deliveries of software instead of waiting until the end of the project to provide one product.

Question 29

What are new requirements imposed by management, government, or some external influence referred to as? a. opportunities b. charters c. problems d. directives

Answer 29

d. directives Feedback: Directives are new requirements imposed by management, government, or some external influence

Question 30

What type of analysis involves calculating the expected net monetary gain or loss from a project by discounting all expected future cash inflows and outflows to the present point in time? a. cost of capital b. net present value c. cash flow d. payback

Answer 30

b. net present value Feedback: Net present value (NPV) analysis is a method of calculating the expected net monetary gain or loss from a project by discounting all expected future cash inflows and outflows to the present point in time.

Question 31

In project integration management, directing and managing project execution involves carrying out the project management plan by performing the activities included in it. a. True b. False

Answer 31

a. True Feedback: Directing and managing project work involves carrying out the project management plan by performing the activities included in it. The outputs of this process are deliverables, work performance information, change requests, project management plan updates, and project documents updates.

Question 32

Interface management involves identifying and managing the points of interaction between various elements of a project. a. True b. False

Answer 32

a. True Feedback: Interface management involves identifying and managing the points of interaction between various elements of a project

Question 33

What term is used for benefits minus costs? a. cost of capital b. cash flow c. discount factor d. opportunity cost of capital

Answer 33

b. cash flow Feedback: Cash flow is the benefits minus costs or income minus

Question 34

What is the first step in determining the NPV? a. determine the estimated costs and benefits for the life of the project and the products it produces b. determine the discount rate c. calculate the net present value d. determine the cash flow

Answer 34

a. determine the estimated costs and benefits for the life of the project and the products it produces Feedback: The first step in determining the NPV is to calculate the estimated costs and benefits for the life of the project and the products it creates.

Question 35

Opportunities and directives are essentially the same thing. a. True b. False

Answer 35

b. False Feedback: Opportunities are chances to improve the organization. Directives are new requirements imposed by management, government, or some external influence

Question 36

What statement is true regarding a return on investment or ROI? a. it is always a percentage b. it is always a positive number c. it is the result of adding the project costs to the profits d. the lower it is, the better.

Answer 36

a. it is always a percentage Feedback: The ROI is always a percentage. It can be positive or negative.

Question 37

What term is used for the minimum acceptable rate of return on an investment? a. capitalization rate b. internal rate of return c. discount rate d. required rate of return

Answer 37

d. required rate of return Feedback: The required rate of return is the minimum acceptable rate of return on an investment.

Question 38

When does payback occur? a. when the net cumulative benefits minus costs equal one b. when the net cumulative benefits equal the net cumulative costs c. when the net costs are lower than the cumulative benefits d. when the cumulative benefits are double the cumulative costs

Answer 38

b. when the net cumulative benefits equal the net cumulative costs Feedback: Payback occurs when the net cumulative benefits equal the net cumulative costs, or when the net cumulative benefits minus costs equal zero.

Question 39

Projects should be developed in increments. a. True b. False

Answer 39

a. True A project is developed using progressive elaboration. Projects are often defined broadly when they begin, and as time passes, the specific details of the project become clearer. Therefore, projects should be developed in increments.