MOCK 2 Flashcards

1
Q
  1. You are responsible for meeting the project schedule deadlines. If there is some delay in the project schedule, you should:

A.Increase the timeline for the project.

B.Determine what would happen if you fast tracked or crashed the project, and let the Change Control Board know the impact.

C.Ask the resources to work overtime to meet the project deadlines.

D.Change the project scope.

A

Answer: B Explanation: Schedule compression shortens the project schedule without changing the project scope to meet schedule constraints, imposed dates, or other schedule objectives. Schedule compression techniques, include crashing, fast tracking, re-estimating, and/or cut scope/quality.

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2
Q
  1. You are performing the Manage Communications Process. Which of the following is NOT an Tool/Technique:

A.Work performance information

B.Communications technology

C.Communications methods

D.Information management systems

A

Answer: A Explanation: Performance reports are the output from the Control Communications Process; not from Manage Communications Process.

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3
Q
  1. One of your team members filed a critical report ten minutes before a bidder conference. You notice some serious errors have crept into the report. You should:

A.Reschedule the meeting for a later date.

B.Go ahead with the meeting and tell the participants what is wrong with the report.

C.Go ahead with the meeting, but ask your team member to make the presentation.

D.Refer the team member`s report to management and ask them to cancel the meeting.

A

Answer: A Explanation: Option A is the best choice. It’s always best to understand things before you try to discuss them . Option B and C can adversely impact the team morale and undermine your position in the bidder conference. Option D is not recommended, as you should take ownership to solve the problem.

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4
Q
  1. You are creating a cost performance baseline for your project. All of the following statements related to cost performance baseline are correct EXCEPT:

A.It is a time - phased budget.

B.To measure disbursements, a spending plan can be used as a cost-baseline.

C.It is used to measure, monitor, and control overall cost performance.

D.In the earned value management technique, it is also known as cost measurement baseline.

A

Answer: D Explanation: In the earned value management technique, the cost performance baseline is referred to as the performance measurement baseline (PMB).

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5
Q
  1. You are the project manager in an automobile manufacturing company. Machine parts required in your manufacturing process supplied by a vendor did not reach in time because of heavy rains. You had anticipated this risk and planned for it in your risk register. You started using unutilized machine parts supplied one year ago. However, this has subjected your project to a new risk - the machine parts which were not used for one year suffer from higher level of defects. This new risk can also be called:

A.Contingency risk

B.Pure risk

C.Secondary risk

D.Residual risk

A

Answer: C Explanation: Components of risk register…Secondary risks that arise as a direct outcome of implementing a risk response.

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6
Q
  1. You are in the process of performing the work as defined in the project management plan to achieve the project`s objectives. This is done during:

A.Direct and Manage Project Work

B.Develop Project Management Plan

C.Validate Scope

D.Create Deliverables

A

Answer: A Explanation: Performing the work is done during Executing. Direct and Manage Project Work is the process of performing the work defined in the project management plan to achieve the project`s objectives.

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7
Q
  1. You are managing the tools/spare parts section for an aircraft manufacturing company. Your team members have discovered some defective tools/spare parts. The probable cause for these could be materials used, defective measurement systems, inaccurate tolerances in the machines, or other factors. To determine what caused the defect, you use:

A.Use a quality control chart

B.Draw an Ishikawa diagram

C.Create a flowchart

D.Draw a Pareto chart

A

Answer: B Explanation: Cause and effect diagrams (also called Ishikawa or fishbone diagrams), illustrate how various factors might be linked to potential problems or effects.

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8
Q
  1. You have been managing a project to construct a bridge on an Interstate highway. You have divided the project into phases to provide better management control. Which of the following is a characteristic of a project phase?

A.Formal phase completion necessarily includes authorization for the subsequent phase.

B.A project phase can be closed with a decision not to begin the subsequent phase.

C.Project phases shouldn’t be divided into sub-phases even in complex projects, as it becomes too difficult to manage.

D.All deliverables in the project phase should correspond to the project management process.

A

Answer: B Explanation: Formal phase completion does not necessarily include authorization for the subsequent phase. For instance, if the risk is deemed to be too great for the project to continue or if the objectives are no longer required, a phase can be closed with the decision not to initiate any other phase.

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9
Q
  1. An environmental remediation project has succeeded in reducing costs. This is achieved by implementing a change request for new technology not available when the scope was originally defined. An approach used to optimize project life cycle costs, save time, increase profits, improve quality, expand market share, solve problems, and/or use resources more effectively is called:

A.Value engineering

B.Unanimity

C.Voice of customer

D.Kanban

A

Answer: A Explanation: This is the definition for Value Engineering. Kanban is a method for managing knowledge work with an emphasis (JIT), and LEAN. Work is pulled from a que. May also relate to visual process management.

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10
Q

36.According to Herzberg`s theory, all of the following are motivating factors, except:

A.Recognition

B.Increased responsibility

C.Career advancement possibilities

D.Salary

A

Answer: D (Although an increase in salary for additional performance can be a motivator, salary by itself is not.)

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11
Q
  1. You have to provide a critical deliverable within five months and do not have time to go through the Conduct Procurements process. You decide to sign a contract with a supplier with whom your company has done some work in the past. The risk you are accepting in this situation is:

A.The ability/skills of the supplier to deliver the goods.

B.Collusion between the supplier and your team.

C.Lack of proper scope definition.

D.Lack of a legally binding agreement.

A

Answer: A Explanation: The risk here is that even though the supplier has worked with the company in the past, they may not have the required skills for the current project.

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12
Q
  1. You are in the process of performing the Develop Schedule process to determine planned start and finish dates for project activities. Which of the following inputs will be helpful for beginning this process?

A.Activity attributes, project scope statement, and activity list

B.Activity list, activity attributes, and schedule data

C.Project calendar, requested changes, and schedule data

D.Work performance information, schedule baseline, and performance reports

A

Answer: A Explanation: In the Develop Schedule Process, planned start and finish dates for project activities are determined by using activity attributes, project scope statement, and activity list as inputs. The other options contain outputs.

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13
Q
  1. You are performing the Control Communications Process to organize and summarize the information gathered. Later, you present the results of the analysis as a comparison to the performance measurement baseline. Some common formats for performance reports that you could use are:

A.S-curves, histograms, Pareto diagrams, GERT Charts

B.S-curves, responsibility assignment matrices, histograms

C.Bar charts, S-curves, histograms

D.Bar charts, control charts, project network diagrams

A

Answer: C Explanation: Common formats for performance reports include bar charts, S-curves, histograms, and tables.

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14
Q
  1. You are managing a project in a foreign country, and now you realize you will have to pay a fee to some government agencies to get your work done. You should:

A.Pay the fee to the government agencies.

B.Refuse to pay the fee, because they are bribes and hence unethical.

C.Make a case why fees should be paid to government agencies, and present it to your management.

D.Offer gifts to the government officials instead of fee to get their support.

A

Answer: A Explanation: A project manager has the responsibility to refrain from offering or accepting inappropriate payments, gifts, or other forms of compensation for personal gain, unless it is in conformity with applicable laws or customs of the country where the project management services are provided. In this scenario, however, since the law of the country requires payment of fee to the government agencies, you will not be committing any breach of the Code if you pay the same. It is a constraint.

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15
Q
  1. There have been several variances in the cost and schedule estimates on your project, and the original estimating assumptions are no longer valid. The variances will likely continue until the end of the project. Calculate the estimate at completion (EAC) for your project based on the following data?

BAC = $ 1,000,000

EV = $ 200,000

PV = $ 400,000

AC = $ 150,000

A.$ 1,425,142

B.$ 1,200,120

C.$ 751,879

D.$ 1,050,000

A

Answer: A Explanation: Since original estimating assumptions are no longer valid, use: AC + (BAC – EV) / (SPI x CPI) Reminder: SPI = EV / PV and CPI = EV / AC $ 150,000 + ($1,000,000 - $200,000) / (.5 x 1.333) so…. $950,000 / .6666

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16
Q
  1. You have been sub-contracting your IT development work to four consulting firms. In this context, all the following statements relating to transferring of risk to a contractor are true, except:

A.Risk transference nearly always involves payment of a risk premium.

B.Fixed price contract always transfers the risk to the seller.

C.Cost-plus contracts may transfer the cost risks to the buyer.

D.Contracts may be used for the transference of liability for specified risks to another party.

A

Answer: B Explanation: A fixed-price contract may transfer risk to the seller.

17
Q
  1. Project integration management includes the processes and activities needed to identify, define, combine, unify, and coordinate the various processes and project management activities. For successful project integration management, it would likely be best to have:

A.A strong matrix organizational structure in your company

B.A good communication management plan

C.Good project selection techniques

D.Positive stakeholders who support the project

A

Answer: B Explanation: Option B is the best choice. Integration and Communication go hand-in-hand. A good communication management plan ensures good communication between the different project interfaces and team members. This is essential for project integration management. Option A: Strong matrix organizational structure is not essential for good project integration management. Other organization structures, including projectized, balanced matrix, etc, can also provide successful project integration management. Option C: Project selection techniques are used for project selection in initial stages of the project. However, they are not essential for project integration management. Option D: Projects may have positive and negative stakeholders, but the type of stakeholders will not affect successful project integration management.

18
Q
  1. The customer was not satisfied with the finished product`s quality. The cost of poor quality can also be referred to as:

A.Cost of conformance

B.Failure costs

C.Sunk costs

D.Opportunity costs

A

Answer: B Explanation: Failure costs are often categorized into internal (found by the project) and external (found by the customer). Failure costs are also called cost of poor quality.

19
Q
  1. As a portfolio manager, you would be responsible for managing which of the following?

A.Project interdependencies

B.Projects and programs

C.Programs and operations

D.Functional work and operations

A

Answer: C Explanation: Best answer. Portfolio refers to a collection of projects or programs and other work that are grouped together to facilitate effective management of that work to meet strategic business objectives.)

20
Q
  1. The sponsor wants to make a change to the project. You should:

A.Ask the sponsor to determine the impact of the schedule first.

B.Ask the sponsor how much it will cost to make the change.

C.Perform a funding limit reconciliation immediately, and let the sponsor know what the additional costs will be.

D.Work with the sponsor throughout the change control process.

A

Answer: D Explanation: If there is a major change to the project, the project manager should try to influence the change to minimize the impact on the project. Usually the project manager s advised to do the following: 1) Evaluate the impact of the change within the team. 2) Help the customer (or person requesting the change) understand the impact of the change. 3) If changes are in fact required, then open a change control and get the request approved. Obviously, you will have to inform the management and the change control board about the impact of the changes. 4) If the change control board approves changes, then make appropriate changes in the project plan.

21
Q
  1. Your Project Management Staff is in the process of developing the Human Resource Plan. The enterprise environmental factor that cannot influence this process is:

A.Lessons learned documentation

B.Existing human resources

C.Personnel administration policies

D.Marketplace conditions

A

Answer: A Explanation: The enterprise environmental factors that can influence the Develop Human Resource Plan process include, but are not limited to: organizational culture and structure, existing human resources, personnel administration policies, and marketplace conditions. Lessons learned documentation become organizational process assets.

22
Q
  1. Your company has entered into a joint venture with another company, and you are in the process of finalizing a teaming agreement. In the teaming agreement, both the buyer and the seller collectively prepare:

A.Source selection criteria

B.Contract

C.Procurement statement of work

D.The contract & procurement statement of work

A

Answer: D Explanation: Best answer. Teaming agreement: The effort of the buyer and the seller in this process is to collectively prepare a procurement statement of work that will satisfy the requirements of the project. The parties will then negotiate a final contract for award.

23
Q
  1. The process of identifying the specific actions to be performed to produce project deliverables refers to:

A.Define Activities

B.Collect Requirements

C.Create WBS

D.Create Stakeholder Management Plan

A

Answer: A Explanation: Define Activities is the process of identifying the specific actions to be performed to produce the project deliverables.

24
Q
  1. All of the following are inputs to the Define Scope Process, except:

A.Requirements documentation

B.Project Charter

C.Project Scope Statement

D.Organizational Process Assets

A

Answer: C Explanation: The Project Scope Statement is the key output of the Define Scope Process.

25
Q
  1. You have conducted a communication requirements analysis to determine the total number of possible communication channels in the project. While conducting the analysis, you learn that the number of communication channels:

A.Increases in reverse proportion to the number of people.

B.Decreases in inverse proportion to the number of people.

C.Increases in exponential proportion when the number of people increases.

D.Depends on the type of project.

A

Answer: C Explanation: Option C is the best answer. Formula is n (n-A) / 2

26
Q
  1. You have been asked to help management select two of three potential projects. Which of the following would not apply?

A.Configuration management

B.Constrained optimization method

C.Benefit measurement methods

D.Analogous estimating

A

Answer: A Explanation: Configuration management is used for changes/version control.

27
Q
  1. You are in the Identify Risks Process and are determining which risks may affect the project and document their characteristics. Whom would you want to be a part of the Identify Risks process?

A.The project manager, project team members, subject matter experts, and customers.

B.The risk management team, end users, and risk management experts.

C.All relevant stakeholders.

D.Positively impacted stakeholders.

A

Answer: C Explanation: Don’t expect, but don’t exclude. Participants in risk identification activities can include the following: project manager, project team members, risk management team (if assigned), customers, subject matter experts from outside the project team, end users, other project managers, stakeholders, and risk management experts. While these personnel are often key participants for risk identification, all project personnel should be encouraged to identify risks.

28
Q
  1. A change in your project schedule has resulted in increased cost and risk. It has also impacted your resource plan. To coordinate changes across the entire project, you will need to rely on which process:

A.Configuration Management Plan

B.Perform Integrated Change Control

C.Change Request Plans

D.Changes to project plan baselines

A

Answer: B Explanation: Perform Integrated Change Control process includes… coordinating changes across the entire project.

29
Q
  1. In a normal distribution, standard deviation refers to:

A.Distance of measurement from the mean (i.e. how far from the mean)

B.Distance of measurement from the most likely value

C.Distance of measurement from the middle most value

D.A tool that is used in qualitative risk analysis

A

Answer: A Explanation: Standard deviation is a distance of measurement from the mean or, the square root of the average of the squares of deviations (about) the mean of a set of data. Standard deviation is a statistical measure of spread or variability. A standard normal distribution, which shows standard deviation (sigma) as distance of the measurement from the mean value.

30
Q
  1. You and your Project Management Staff are developing the Project Management Plan. Which of the following is not in the correct sequence?

A.Plan risk management, identify risks, qualitative risk analysis, quantitative risk analysis, plan risk responses, plan procurements

B.Scope management plan, stakeholder management plan, requirements documentation, project scope statement, WBS

C.Activity lists, estimate resources, estimate durations, schedule, project schedule network diagram

D.Quality management plan, staffing management plan, communications management plan

A

Answer: C Explanation: Schedule comes after the Project Schedule Network Diagram.

31
Q
  1. You are the project manager at a software development company, and need ideas for project and product requirements. Which of the following techniques would you most likely use to gather creative ideas at your meeting?

A.Focus groups

B.Idea/mind mapping

C.Nominal group technique

D.Brainstorming

A

Answer: D Explanation: Brainstorming (best answer): A technique used to generate and collect multiple ideas related to project and product requirements. The other options actually utilize brainstorming.

32
Q
  1. You invest a lot of time in team development to increase the teams performance, which in turn increases the likelihood of meeting project objectives. Which of the following indicators would you most likely NOT use to evaluate your teams effectiveness?

A.Improvement in skills of team members.

B.Improvement in competencies and morale that help the team to perform better as a group.

C.Decrease in staff-attrition (i.e, fewer people leaving the project team).

D.Delivery of project deliverables ahead of schedule.

A

Answer: D Explanation: To evaluate the team`s effectiveness, we may include indicators such as: Improvements in skills that allow individuals to perform assignments more effectively; Improvements in competencies that help the team to perform better as a team; Reduced staff turnover rate; Increased team cohesiveness whereby team members share information and experiences and help each other to improve the overall project performance

33
Q
  1. Which of the following statements on time and material contracts is true?

A.These types of contracts resemble cost-reimbursable type arrangements, because they are close ended.

B.T&M contracts cannot grow in value like a cost-reimbursable contract.

C.The full value of the agreement is defined at the time of contract award.

D.Unit rates can be fixed by the buyer and seller when both parties agree on the values for specific resource categories.

A

Answer: D Explanation: Time and material (T&M) contracts are the types of contracts that resemble cost-reimbursable contracts in that they can be left open ended and may be subject to a cost increase for the buyer. The full value of the agreement and the exact quantity of items to be delivered may not be defined by the buyer at the time of the contract award. Thus, T&M contracts can increase in contract value as if they are cost-reimbursable contracts. Unit labor or material rates can be preset by the buyer and seller, including seller profit, when both parties agree on the values for specific resource categories, such as senior engineers at specified rates per hour, or categories of materials at specified rates per unit.

34
Q
  1. While creating a project schedule, what duration should a milestone have?

A.Zero

B.Duration equal to the phase duration

C.Duration estimates plus cost of conformance and contingency reserves

D.Early start plus duration

A

Answer: A Explanation: Milestone is a significant point or event in the project with no duration associated with it.

35
Q
  1. You would like to conduct a lessons learned session to identify project successes and failures, as well as make recommendations to improve future project performance. This is usually done:

A.During project closure

B.After scope validation

C.Throughout the project life cycle at phase exits

D.During project execution and project closure

A

Answer: C Explanation: During the project life cycle, the project team and key stakeholders identify lessons learned concerning all aspects of the project. The lessons learned are compiled, documented, and distributed so that they become part of the historical database. However, most of the organizations prefer post-implementation meetings and case studies to document lessons learned.