Quiz #10

Question 1

1. Who can request changes?
□ Team members and project managers
□ Sponsor
□ Stakeholders
□ Customer

Answer 1

✓ Stakeholders
References: PMBOK 6th Edition, 4.6 - Perform Integrated Change Control
PMP Exam Prep, Lesson 5 - Topic C - Keeping the Business in Mind

Question 2

2. A financial tool that calculates the present value of all cash outflows minus the present value
   of all cash inflows is referred to as which of the following?
   □ Internal rate of return.
   □ Net present value.
   □ Benefit cost value.
   □ Return on investment.

Answer 2

✓ Net present value.
References: PM BOK 6th Edition, 3.4.3 - Strategic and Business Management Skills
PMP Exam Prep, Lesson 5 - Topic B - Keeping the Business in Mind

Question 3

3. For this project, the team may develop its own set of operating procedures and operate
   outside the standard formalized reporting structure during the project. What organizational
   structure does this represent?
   □ Functional
   □ Composite
   □ Projectized
   □ Matrix

Answer 3

✓ Composite
References: PMBOK 6th Edition, 2.4.4 - Organizational Structure Types
PMP Exam Prep, Lesson 5 - Topic D - Keeping the Business in Mind

Question 4

4. Early in the establishment of the project, the project manager spends time looking for
   historical data that might be helpful in planning the new project. She is looking for examples of
   project documents in similar projects that have been completed that she might be able to use
   as templates for the new project. She is also looking for information about established processes
   and procedures that will help the project run more smoothly. What is the term used to define
   these?
   □ OPAs
   □ EEFs
   □ Progressive elaboration
   □ Organizational project management

Answer 4

✓ OPAs
References: PMBOK 6th Edition, 2.3 - Organizational Process Assets
PMP Exam Prep, Lesson 5 - Topic D - Keeping the Business in Mind

Question 5

5. The methodology used to systematically test possible solutions, assess the results, and
   implement those that work is known as which of the following:
   □ Kaizen
   □ Continuous improvement
   □ Plan Do Study Act
   □ Retrospective

Answer 5

✓ Plan Do Study Act
References: PM BOK 6th Edition, 8 - Project Quality Management (Continual improvement)
PMP Exam Prep, Lesson 5 - Topic E - Keeping the Business in Mind

Question 6

6. Who is regarded as the father of the continuous improvement movement?
□ Crosby
□ Deming
□ Juran
□ Smith

Answer 6

✓ Deming
References: PM BOK 6th Edition, 8 - Project Quality Management (Continual improvement)
PMP Exam Prep, Lesson 5 - Topic E - Keeping the Business in Mind

Question 7

7. A meeting that is held at frequent intervals in an agile project is referred to as which of the
following?
□ Lessons-learned meeting
□ End-of-phase meeting
□ Retrospective meeting
□ Status meeting

Answer 7

✓ Retrospective meeting
References: Agile Practice Guide, 5.2.1 - Retrospectives
PMP Exam Prep, Lesson 5 - Topic E - Keeping the Business in Mind p. 283

Question 8

8. Which of the following would not be part of your Quality Management Plan?
   □ Quality standards and roles.
   □ Minimum Viable Product.
   □ Quality tools to be used.
   □ Major procedures for dealing with nonconformance.

Answer 8

✓ Minimum Viable Product.
References: PMBOK 6th Edition, 8.1.3.1 - Quality Management Plan
PMP Exam Prep, Lesson 5 - Topic A - Keeping the Business in Mind

Question 9

9. Which of the following are tools Quality Management teams use to identify issues? (Choose
   two.)
   □ Audit reports
   □ Planning Poker
   □ Design for X
   □ Kano Model

Answer 9

✓ Audit reports
✓ Design for X
References:PMBOK 6th Edition, 8.2.2 Manage Quality: Tools and Techniques
PMP Exam Prep, Lesson 5 - Topic A - Keeping the Business in Mind

Question 10

10. Which of the following are effective guidelines for measuring project compliance?
    □ Tracking work completed in a Gantt chart.
    □ Using QA outputs to confirm deliverable and process compliance and identify the needs for
    corrective actions.
    □ Prioritizing effort using a Moscow (MSCW) analysis.
    □ Reporting progress by conducting a Sprint Review and Demo.

Answer 10

✓ Using QA outputs to confirm deliverable and process compliance and identify the needs for
corrective actions.
References: PM BOK 6th Edition, 8.2.3 Manage Quality: Outputs
PMP Exam Prep, Lesson 5 - Topic A - Keeping the Business in Mind

Question 11

11. Which of the following is not a PESTLE factor?
□ Legal
□ Effectiveness
□ Social
□ Political

Answer 11

✓ Effectiveness
References:PMBOK 6th Edition, 11.2.2 Identify Risks: Tools and Techniques
PMP Exam Prep, Lesson 5 - Topic C - Keeping the Business in Mind

Question 12

12. What is the role of a Configuration Management System?
□ Track Change Requests.
□ Prioritize the product backlog.
□ Control versioning of all components.
□ Define roles and responsibilities.

Answer 12

✓ Control versioning of all components.
References: PMBOK 6th Edition, 4.6 Perform Integrated Change Control
PMP Exam Prep, Lesson 5 - Topic C - Keeping the Business in Mind

Question 13

13. Which of the following is not a benefit of planning for a Minimum Viable Product?
□ Risk reduction
□ Early feedback
□ Early value from the service
□ Project team disbands early

Answer 13

✓ Project team disbands early
References: Agile Practice Guide, 3.1.3 - Characteristics of Incremental Life Cycles
PMP Exam Prep, Lesson 3 - Topic B - Doing the Work

Question 14

14. Last year, your company released a new service based on a project you managed. The
    company wants to determine if the new service has increased customer satisfaction. Which tool
    can measure the happiness of users of the new service based on their willingness to encourage
    others to use your service against those who would discourage others to use your service?
    □ Net promoter score
    □ Net value
    □ ABtesting
    □ Planned value

Answer 14

✓ Net promoter score
References: Agile Practice Guide, 5.4 - Measurements in Agile Projects
PMP Exam Prep, Lesson 5 - Topic B - Keeping the Business in Mind

Question 15

15. Every timeboxed iteration in the project has a demo scheduled at the end during the iteration
    review session. What is the goal of this demo?
    □ To groom the iteration backlog.
    □ To revise the product roadmap.
    □ To solicit feedback from the product owner and other stakeholders.
    □ To establish the features to be included in the product backlog.

Answer 15

✓ To solicit feedback from the product owner and other stakeholders.
References: Agile Practice Guide, 5.2.5 - Demonstrations/Reviews
PMP Exam Prep, Lesson 5 - Topic D - Keeping the Business in Mind

Question 16

16. Which analysis technique was used in the image to determine the most cost-effective choice
of an external consultant?
□ Decision tree
□ Simulation
□ Delphi
□ Diagrammatic

Answer 16

✓ Decision tree
References: PM BOK 6th Edition, 11.4.2.5 Data Analysis
PMP Exam Prep, Lesson 5 - Topic B - Keeping the Business in Mind

Question 17

17. What is the probability that Vendor A will complete the project on time?
□ 60%
□ 50%
□ 40%
□ 70%

Answer 17

✓ 40%
References: PM BOK 6th Edition, 11.4.2.5 Data Analysis
PMP Exam Prep, Lesson 5 - Topic B - Keeping the Business in Mind

Question 18

18. What is the probability that Vendor B will run over the allotted time for the project?
□ 50%
□ 60%
□ 70%
□ 40%

Answer 18

✓ 50%
References: PM BOK 6th Edition, 11.4.2.5 Data Analysis
PMP Exam Prep, Lesson 5 - Topic B - Keeping the Business in Mind

Question 19

19. What is Vendor C's expected monetary value?
□ $10,300
□ $1,700
□ $0
□ $200

Answer 19

✓ $200
References: PM BOK 6th Edition, 11.4.2.5 Data Analysis
PMP Exam Prep, Lesson 5 - Topic B - Keeping the Business in Mind

Question 20

20. Your team combines each vendor’s EMV and costs. You want to choose the vendor bid with
    the most economic advantage for your organization. Based on this number, which vendor should
    your team choose?
    □ Vendor A
    □ VendorB
    □ Vendor C
    □ Vendor A and Vendor C

Answer 20

✓ VendorB
References: PM BOK 6th Edition, 11.4.2.5 Data Analysis
PMP Exam Prep, Lesson 5 - Topic B - Keeping the Business in Mind