First batch

Question 1

Does a project coordinator or project expeditor have more power/authority?

Answer 1

Project coordinator

Question 2

What is a project coordinator sometimes given the authority to do?

Answer 2

Assign resources and make decisions

Question 3

What is the Monte Carlo simulation?

Answer 3

An exercise that goes thru different “what if” scenarios.

Question 4

What are the five things that a PMO are NOT responsible for? (A,O,P,P,G,R)

Answer 4

• Administrative Practices
• Organizational Methodology
• Policies
• Procedures
• Rules
• Guidelines

Question 5

This kind or organization gives the PM limited authority to make decisions & negotiate with functional managers for resources.

Answer 5

Weak Matrix

Question 6

This kind of organizational structure combines Functional, Project-oriented, & Matrix organizations.

Answer 6

Hybrid

Question 7

In this type of organization, specialized departments are siloed.

Answer 7

Functional

Question 8

In this type of organization, the PM has the most authority.

Answer 8

Project-oriented

Question 9

Success in Portfolio Management is defined as:

Answer 9

Aggregate performance of all Projects, Programs, & Work.

Question 10

Matrix organizations organize resources under __________________, who assign personnel.

Answer 10

Functional Managers

Question 11

If the # of days on the critical path increases, what happens to your project’s timeline?

Answer 11

The project timeline’s # of days increases.

Question 12

What are the three main conflicts between a PM & a Functional Manager?

Answer 12

1. Shared power
2. Resources
3. Budget

Question 13

What is the Cycle Time Formula?
(how to calculate cycle time)

Answer 13

CT = WIP / Throughput

(work in progress)

Question 14

You have a 600 page book. You can read 10 pages per hour. What is the throughput? What is the Cycle Time?

Answer 14

• 10 (pages)
• 60 (hours)

Question 15

A camp takes 300 tasks to complete. You can accomplish 60 tasks a month. 300 represents the ______________?
60 represents the ______________?
What is the CT?

Answer 15

1. Work in progress
2. Throughput
3. 5 (months)

Question 16

What technique should be used for analyzing data?

Answer 16

Reserve Analysis

Question 17

When you add extra time to an activity to mitigate risk, you are use a technique called:

Answer 17

Reserve Analysis

Question 18

When going forward at a convergence of paths, use the ___________ number.

Answer 18

highest

Question 19

When going backward at a convergence of paths, use the ___________ number.

Answer 19

lowest

Question 20

What are the five Process Groups?

Answer 20

1. Initiating
2. Planning
3. Executing
4. Monitoring & Controlling
5. Closing

Question 21

What are the 10 Knowledge Areas?
”Project ____________ Management”

Answer 21

1. Integration 2. Scope
2. Schedule 4. Cost
3. Quality 6. Resource
4. Communications 8. Risk
5. Procurement 10. Stakeholder

Question 22

What is the technique that is aimed at preventing resources from exceeding limits and does not change the critical path?

Answer 22

Resource Smoothing

Question 23

What is it called when a PM adjusts the schedule to account for resource doubling?

Answer 23

Resource leveling

Question 24

The longest path through a Network Diagram is called the _____________ ________________

Answer 24

Critical Path

Question 25

What is known as the most accurate method of estimating time or cost?

Answer 25

Bottom-Up Estimating