e2d4 Flashcards
You have just been assigned to manage a new change-driven project to create a website for one of the company’s best customers. Your team of five is experienced with this project approach and with the customer, although they are starting on the same day as you are. Based on your expertise, what would be the best leadership style you should employ with the team?
A. Directing
B. Laissez-Faire
C. Servant Leader
D. Coordinator
C. Servant Leader
Servant Leadership is the best approach for a change-driven project and when the team is experienced. They can be best served by your ability to remove obstacles for them and play interference with other managers and potential distractions.
You are managing a software development project budgeted at $360,000 according to the earned value analysis report which you have on your desk. As of today, you have spent $110,000, and the earned value is $120,000. According to your earned value figures, your SPI is 0.8. Which one of the following options best describes your project status?
A. Not enough information
B. On schedule
C. Behind schedule
D. Over budget
C. Behind schedule
EV= $120,000
AC= $110,000
PV= $150,000
SPI= EV/PV
SPI= 120,000/150,000
SPI= 0.8
Since SPI is less than 1, we can conclude the project is behind schedule.
Tom is a project manager managing a bridge construction project for the first time. He has set up a series of interviews with various stakeholders to gather some experiential and historical information on some of the risks. Which process is Tom most probably involved in?
A. Perform Quantitative Risk Analysis
B. Plan Risk Responses
C. Identify Risks
D. Perform Qualitative Risk Analysis
D. Perform Qualitative Risk Analysis
Such meetings or interviews are usually done as part of Qualitative Risk Analysis. This method draws on experiential learning and historical data to quantify the impact of risks on project objectives. Read the question carefully. It mentioned that the purpose of the interviews is to gather information about some risks, not to discover some risks.
Which of the following project management processes covers formal completion and handover of the final product/service?
A. Close Project or Phase
B. Control Procurements
C. Validate Scope
D. Contract administration
A. Close Project or Phase
Close Project or Phase is the process of finalizing all activities across all of the Project Management Process Groups to formally complete the project or phase.
The project charter provides the project manager with some benefits and information. Which one of the following is most important for the project manager?
A. Project authority
B. The formal role of ‘Project Manager’
C. The project sponsors list
D. High level project scope
A. Project authority
The project charter formally authorizes the existence of a project, and provides the project manager with the authority.
Which one of the following statements is correct?
A. Validate scope is primarily concerned with correctness of deliverables.
B. Control quality is primarily concerned with acceptance of the deliverables.
C. Validation of scope can only be done at the end of the project.
D. Control quality is generally performed before scope validation, but these two can be performed in parallel.
D. Control quality is generally performed before scope validation, but these two can be performed in parallel.
Validate scope is primarily concerned with acceptance of deliverables while control quality is primarily concerned with correctness of the deliverables. Control quality is generally performed before scope validation but these two can be performed in parallel. Validate scope can be done at the end of each project phase in the project life cycle and at other points throughout the project as part of M&C, i.e. validate scope is done multiple times in the project.
What is the most appropriate guideline for managing documentation artifacts at the start of your agile project?
A. Ensure that there is sufficient detail on the user stories in the sprint backlog so that work can begin.
B. Ensure that there is sufficient detail for each user story in the product backlog so that work can begin.
C. Ensure that each user story for the project has been reflected in the product backlog.
D. Ensure that there is sufficient detail for each user story so that each is roughly equivalent in size.
A. Ensure that there is sufficient detail on the user stories in the sprint backlog so that work can begin.
The best guideline is to ensure that there is sufficient detail on the user stories in the sprint backlog so that work can begin. User stories for the entire project do not need to be created nor described in detail for work to begin. Only those user stories that will be in the next iteration require sufficient detail. User stories do not need to be similar in size.
What is the critical path with reference to the following network diagram?
Diagram with A-F
A to D to F = 4+10+8 days
B to C to D to F = 5+7+10+8 days
B to C to E to F = 5+7+8+8 days
B-C-D-F
There are 3 different paths in the diagram and we can calculate their duration as:
A-D-F = 4 + 10 + 8 = 22 days
B-C-E-F = 5 + 7 + 8 + 8 = 28 days
B-C-D-F = 5 + 7 + 10 + 8 = 30 days
Among the above mentioned paths, B-C-D-F has the longest duration. A-D-E-F which is mentioned as an answer choice is not actually a complete path because activity D is not a predecessor of activity E.
Which one the following is not a benefit of quality audits?
A. Creating quality metrics
B. Identify all nonconformities, gaps, and shortcomings
C. Identify all good and best practices being implemented
D. Confirm the implementation of approved change requests
A. Creating quality metrics
Quality metrics are an output of the Plan Quality process and an input to the Manage Quality process. The other choices are all benefits of quality audits.
Tom is a construction project manager and recently approached an insurance company to insure the project against the possible damages of storms that are predicted to happen in the winter. Which risk response strategy is Tom undertaking?
A. Avoid
B. Accept
C. Mitigate
D. Transfer
D. Transfer
Risk Transference is a risk response strategy that shifts the impact of a threat to a third party, together with ownership of the response. Taking out insurance or a warranty transfers the risk from the owner to the other party.
