Practice Test Flashcards
Study for the final exam
What are the three categories of risk in the project risk register?
External
Technical
Organizational
A general contractor is managing a highway construction project that will repair a flood-damaged road. The DOT offered an incentive fee if the repairs are completed early. Therefore, the PM has established a rewards and recognition program and has communicated this to the project team members. The projet’s recognition program will reward project team members who add value by accelerating the project while maintaining its ability to deliver the completed scope correctly.
Which change management phase does this scenario describe?
Reinforcing the change
A firm begins a strategic business initiative for developing a new business model that will allow the firm to deliver an efficient, tailored service to its customers.
Which stakeholder would have triggered this strategic business initiative?
Project Sponsor
The project team is determining the duration for upgrading the software on the app used on its mobile devices. An experienced tech took 15 mins to complete the task. Two other new techs will be assisting. They have performed a few upgrades on mobile devices, desktop computers and laptop computers, which took one tech approximately 24 mins and the other 20 mins to upgrade.
Using three-point estimating, how many minutes will it take for each upgrade performed?
20 mins
An organization has a surplus of project dollars in the operating budget. The senior leaders’s decision is to fund one more project with the remaining funds. Of the three projects proposed, one of the projects was selected without evaluation of feasibility or viability.
Which non-numeric model is the leader using
Sacred Cow
Bantam Electronics, a leader in mobile communications, has fallen behind in technology. Competitors have introduced products using the latest technology. Resources with expertise in this technology are scarce since there are very few universities offering training in the technology. Bantam’s market share has fallen from 70 % to under 50%.
Hire technical staff from the competition
Which two organizations are examples of organizations with the functional organizational structure?
The U.S. Department of Energy
The U.S. Department of State
During which life cycle phase is the vast majority of the actual work to produce the project’s deliverables completed?
Executing
The customer of a project validates that the project scope has been completed, all invoices have been paid and the expected benefits have been realized.
Which closure practice does this describe?
Deliverable completion
A project team is gathered together to begin the planning process for a large office building. It is discussing estimates of each activity in the schedule. For all of the plumbing-related work, the team will use the information obtained from the plumber-in-residence in its organization.
One-point
In Project A, the contract specifies that time is very important. All of the scope must be completed, or the project will fail. The project’s objective requires the project team to work as quickly as possible.
Which triple constraint can be adjusted to permit the project team to work as quickly as possible?
Cost
What is the purpose of the schedule performance index (SPI)?
To determine a project’s time efficiency
Project Activities in order of occurrence
- Collecting customer requirements
- Developing WBS
- Working to produce project deliverables
- Customers evaluating the project outcomes
- Capturing lessons learned
A general contractor is managing a highway construction project that will repair a flood-damaged road. The project was documented in a cost-plus-incentive fee contract that specified a completion date of June 30. The Department of Transportation has offered an incentive for early completion of the repairs.
Which triple-constraint baseline remains unchanged by the effects of the incentive?
Scope
Each project team member generated a series of questions to evaluate three projects. The checklist was compiled into one list based on frequency of question content, such as personnel, materials, experience, and time. The more frequent the question content, the more likely the questions would be asked first.
Which two benefits result from this checklist approach?
Strategic impact has been integrated
Operational impact has been built in