Mock-2

Question 1

Triangular distribution formula?

Answer 1

[Pessimistic estimate + Most likely estimate + Optimistic estimate]/3

Question 2

Affinity diagram?

Answer 2

Organizes a large number of ideas into their natural relationships

Question 3

Control charts?

Answer 3

Control chart is a simple yet powerful tool for evaluating the stability of a process or operation over time.

Question 4

The Rule of seven?

Answer 4

The Rule of Seven as applied in Quality Management says that “A run of seven or more consecutive points in a control chart, either above the mean, or below the mean, or continuously increasing or decreasing, may indicate the process may be out-of-control”.

Question 5

The purpose of Scope Management Plan?

Answer 5

Is how the scope will be will be defined, developed, monitored, controlled, and verified.

Question 6

What are quality metrics?

Answer 6

The description of the attributes of the product or project. It also aims to measure the attributes defined by the project manager

Question 7

What Is a WBS Dictionary?

Answer 7

Is where the details of the tasks, activities, and deliverables of the work breakdown structure are located.

Question 8

What is a Project Scope Statement?

Answer 8

Is a document that defines all the elements of the project scope as well as assumptions, project requirements and acceptance criteria.

Question 9

What Is Project Scope?

Answer 9

The project scope is the total amount of work that needs to be done to complete a project.

Question 10

What Is a Project Charter?

Answer 10

A formal short document that states a project exists and provides project managers with written authority to begin work

Question 11

What is Work Package?

Answer 11

Is the smallest deliverable in a project. Developed during the “Create WBS” planning / scope process, managed by one person.

Question 12

What is Activity?

Answer 12

The work packages are decomposed into activities, which are the means to create a deliverable. An activity has an expected duration, consumes budget and/or resources.

Question 13

What is parametric estimating?

Answer 13

Parametric estimating is a statistical and accuracy-based technique for calculating the time, cost, and resources. A unit rate is used and multiplied by the number of units.

Question 14

What is an example of analogous estimating?

Answer 14

Uses information from similar projects to establish a cost or duration estimate based on the data available.

Question 15

What are the 3 point estimating techniques?

Answer 15

Uses Optimistic (O), Most Likely (M), and Pessimistic (P) points.
1. Triangular distribution E = (o + m + p ) / 3
2. Beta (PERT) distribution E = (o + 4m + p ) / 6

Question 16

The definition of Emotional Intelligence?

Answer 16

Is the ability to sense, understand, manage and apply the information and power of emotions as your greatest source of energy, motivation, connection and influence.

Question 17

What is Cost Performance Index (CPI)?

Answer 17

CPI = earned value (EV) / actual cost (AC)
A CPI > 1 indicates that a project is performing well budget-wise.

Question 18

What is Earned Value (EV)?

Answer 18

% Work Complete x Budget (amount of work actually completed)

Question 19

What is Schedule Performance Index (SPI)?

Answer 19

SPI = earned value (EV) / Planned Value (PV)
Schedule variance; SPI < 1 = behind schedule, SPI > 1 = ahead of schedule

Question 20

What is Planned Value (PV)?

Answer 20

The budgeted cost for the work scheduled to be done. This is the portion of the project budget planned to be spent at any given point in time.

Question 21

What are the common data items for a Stakeholder Register?

Answer 21

Type

Name

Job Title or Description

Internal or External

Project Role

Preferred Communication

Expectations

Influence on Project

Strategies

Question 22

Contingency Reserve vs Management Reserve

Answer 22

Management reserve is kept aside to cover “unknown unknowns,” or risks that occur but were not accounted for.
For the “known unknowns,” or risks that have been kept in the risk register, contingency reserve can be part of the overall risk response strategy.

Question 23

What is Schedule Compression?

Answer 23

Techniques (fast tracking and crashing) used when a project manager wants to shorten the duration of the project without changing the scope of the project.

Question 24

What is Fast Tracking technique?

Answer 24

Fast tracking a project means the activities are worked on simultaneously instead of waiting for each piece to be completed separately.

Question 25

What’s project crashing?

Answer 25

With this technique, resources are added to the project for the least cost possible.

Question 26

The Project Charter consist of?

Answer 26

Requirements

Business needs

Summary schedule

Assumptions and constraints

Business case, including return on investment

Question 27

Tuckman’s Model stages?

Answer 27

Forming - team members first meet.

Storming - openly share ideas.

Norming - teams have figured out how to work together.

Performing - a clear and stable structure in place throughout the group and everyone is fully committed.

Adjourning - the project as a whole is being wrapped up and final tasks and documentation are completed.

Question 28

Herzberg’s Theory of Motivation (two-factor motivation theory) key facts?

Answer 28

Motivational factors are the key job elements that motivate people to stay and grow in a role. When these needs are not fulfilled, the project team may become dissatisfied with their jobs.

Hygiene factors are the elements of a job that satisfy basic needs: security, pay, fairness, and working conditions. When these needs are met, employees feel comfortable and satisfied with their roles.

Question 29

What’s Theory X in motivation?

Answer 29

Managers tend to take a pessimistic view of their people, and assume that they are naturally unmotivated and dislike work - typical worker has little ambition, avoids responsibility, and is individual-goal oriented.

Question 30

What’s Theory Y in motivation?

Answer 30

Managers assume employees are internally motivated, enjoy their job, and work to better themselves without a direct reward in return.