Practice Exam 1 Flashcards
These project participants contribute expertise to the project, contribute deliverables according to the schedule, estimate task durations, estimate costs, and determine dependencies.
A. Scheduler
B. Project coordinator
C. Project team
D. PMO
C. Project team
The project team members are responsible for contributing expertise to the project, contributing deliverables according to the schedule, estimating task durations, estimating costs, and determining dependencies.
What is the name of the resource requirement tool shown in the following exhibit?
A. Resource requirement matrix
B. Responsibility requirement matrix
C. Resource definition matrix
D. Responsibility assignment matrix
D. Responsibility assignment matrix
The RACI chart shown here is a type of responsibility assignment matrix (RAM) that allows you to denote the types of skills you require in your project team and which project tasks they’ll be needed.
You are a project manager for Fountain of Youth Spring Water bottlers. Your project involves installing a new accounting system. You have identified several problems along with the causes of those problems. Which of the following diagrams will you use to show each problem and its causes and effects?
A. Pareto chart
B. Histogram
C. Scatter diagram
D. Fishbone diagram
D. Fishbone diagram
A fishbone diagram shows the cause and effects of issues that are plaguing the project.
Your project is progressing nicely. The total budget for the project is $61,000. To date, you have spent $58,000. The team has told you they will need another $8,000 to finish the project. Which of the following is true?
A. Your burn rate is high, and you will run out of money before the project ends.
B. Your SPI is greater than 1.
C. Your CV is a positive number.
D. You should instruct the team members that they need to complete the remaining work within the remaining budget.
A. Your burn rate is high, and you will run out of money before the project ends.
There isn’t enough information in the question to determine SPI or CV. The estimate to complete is $66,000 ($58,000 + $8,000), so your burn rate is high, and you will run out of money. There isn’t enough information in the question to determine whether D is an appropriate response.
Your team has settled into day-to-day interactions and is comfortable with their positions within the team. Decisions are made jointly, and the team members show mutual respect for each other. Which stage of team development is this team in?
A. Forming
B. Performing
C. Norming
D. Storming
C. Norming
Norming is the stage in team development when the team members are comfortable with each other, show mutual respect for each other, and make decisions jointly.
You have two resources that are both working more than 50 hours per week on your project. What is this called?
A. Resource overallocation
B. Interproject resource contention
C. Low-quality resources
D. Shared resource
A. Resource overallocation
This describes resource overallocation because the resources are scheduled to work and are working more hours than they have available.
Which of the following options describe the role of the project sponsor? Choose two.
A. Writes the project charter
B. Appoints team members
C. Approves and signs the project charter
D. Is the final decision maker on the project
E. Develops the project budget and schedule
C. Approves and signs the project charter
D. Is the final decision maker on the project
The project sponsor approves and signs the project charter and serves as the final decision maker on the project. Generally, the project manager is responsible for all the other tasks listed in this question.
Which element of the project charter lists certain resources that will be available during the months of April through September while the project moves forward?
A. Product description
B. Deliverables
C. Assumptions
D. Constraints
C. Assumptions
Assumptions are things that are believed to be true. Stating that certain resources will be available during specific months of the project is an assumption.
Your project is not going as expected. The schedule is behind, risks have occurred that no one thought would come about, and two product owners are in disagreement about the backlog items for the upcoming sprint. Which of the following is true regarding this scenario?
A. The change request and change control processes have not been followed.
B. The project constraints have been reprioritized, which impacted the schedule.
C. The risk management processes have not been followed.
D. The Agile methodology says there should be only one product owner.
D. The Agile methodology says there should be only one product owner.
There isn’t enough information in the question to determine whether options A–C are correct. Agile requires one product owner, not two, so option D is the best choice.
This is used to display project schedules.
A. Gantt chart
B. Histogram
C. Pareto chart
D. Run chart
A. Gantt chart
Gantt charts are a type of bar chart used to display the project schedule.
Why should you review the final project management plan with the sponsor and key stakeholders? Choose two.
A. To catch any last-minute additions
B. To make sure everyone agrees with the plan
C. To obtain sign-off
D. To give the sponsor the ability to back out
E. To prepare for the kickoff meeting
B. To make sure everyone agrees with the plan
C. To obtain sign-off
A formal final review of the comprehensive project management plan is required so that you, the sponsor, and the key stakeholders understand the work of the project, the schedule, and so on, and so you can obtain sign-off.
You’re a project manager working on a midsize project that’s well into the Executing phase. One of your more powerful stakeholders is somewhat overbearing at the regular project status meetings and insists that her solution is the only solution and will not let anyone else present alternative ideas. What conflict-resolution technique does this describe?
A. Confronting
B. Forcing
C. Smoothing
D. Negotiating
B. Forcing
Forcing is when a team member forces a solution on the other parties. This is a win-lose conflict-resolution technique.
Your PMO is responsible for managing groups of related projects. Which of the following describes this concept?
A. Lifecycle management
B. Project management
C. Process
D. Program
D. Program
A program is a group of related projects that can benefit from coordinated management. The person who manages such a group of projects is called a program manager.
You are a new project manager for your company. You are developing the WBS for your project. You know the following options are true regarding the WBS. Choose two.
A. The WBS is developed by the project scheduler who works alone to determine its elements.
B. The WBS is developed after the scope statement.
C. The WBS is a deliverables-oriented hierarchy that describes the work of the project.
D. The WBS is developed after the project charter.
E. The WBS helps to sequence tasks.
B. The WBS is developed after the scope statement.
C. The WBS is a deliverables-oriented hierarchy that describes the work of the project.
The WBS is a deliverables-oriented hierarchy that defines the work of the project. It is constructed with the help of key team members, not the project scheduler alone. It is written after the scope statement is completed. The scope statement contains the project deliverables that are used to construct the WBS.
The project manager is responsible for many aspects of project management. Which of the following describes the role of a project manager? Choose three.
A. Estimating task durations
B. Manage project team members
C. Manage budget
D. Responsible for artifacts
E. Provide input on requirements
B. Manage project team members
C. Manage budget
D. Responsible for artifacts
The project manager is responsible for managing the team, communication, scope, risk, budget, time, and quality assurance. The person is also responsible for maintaining the project artifacts. The project team members are responsible for providing input to the requirements.
This type of contract bears the most risk to the seller.
A. Cost reimbursable
B. Time and materials
C. Cost reimbursable plus incentive
D. Fixed price
D. Fixed price
Fixed-price contracts are riskiest to the seller.
When creating your WBS, what is the lowest level that you’ll develop?
A. Work package level
B. Task level
C. Milestone level
D. Level six
A. Work package level
The work package is at the lowest level of a WBS.
When developing the project schedule, which methodology will reveal the tasks with zero float?
A. Activity sequencing
B. Logical relationships
C. Critical path method
D. Activity definition
C. Critical path method
The critical path method determines the critical path on the project, which is defined by those projects with zero float.
Your project concerns building a new website. Your organization is going to measure the number of clicks on photos, the number of visitors to the site, the number of page views, and the abandon rate. What performance management tool are they using?
A. RACI
B. KPI
C. EVM
D. CPM
B. KPI
They are using key performance indicators. A RACI is a type of chart showing responsibility and accountability among team members, EVM is earned value management and is used to measure project performance, and CPM is the critical path method used in scheduling projects.
Your organization was acquired by another four years ago. They have decided to have an outside entity perform all their payroll functions. What type of business organizational change is this?
A. Business split
B. Business demerger
C. Internal reorganization
D. Outsourcing
D. Outsourcing
Outsourcing is the process of having outside entities perform functions on behalf of the organization. Payroll, human resources, information technology, and security are common functions that organizations outsource.
Select the statement that most closely defines a project.
A. A project is any service that represents an ongoing effort that doesn’t have a definite end date.
B. A project is any short-term endeavor that provides unique products or services.
C. A project is any short-term endeavor that provides a unique product or service and has a definite start and end date.
D. A project is any endeavor that provides a unique product or service, and the start and end dates can change over time.
C. A project is any short-term endeavor that provides a unique product or service and has a definite start and end date.
There are some key words in the definition of a project. One of the key words is temporary, defined by the fact that a project has a definite start date and a definite end date and it produces a unique product or service. It’s possible a project’s end date might change, but this would require a change request and re-baselining the schedule.
You purchase a bond to protect your organization in the case of a negative risk event. What risk strategy is this known as?
A. Avoid
B. Mitigate
C. Transfer
D. Accept
C. Transfer
Transfer is a negative risk response strategy that moves the liability for risk to a third party.