Random PMP from Pocket Prep Flashcards

1
Q

What steps are in project scope management?

A

Collect requirements is required to understand the needs of the stakeholders and the project.

Create Work Breakdown Structure (WBS) is the process of subdividing deliverables and work into smaller parts.

Validate scope is the process of formalizing the acceptance of completed deliverables.

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2
Q

When does Reduced capacity happen in a project?

A

Reduced capacity occurs when people are not available or an event such as vacations, holidays, or emergencies keeps people from actively participating in the project. The team is determined not to finish the same amount of work as previously conducted within the last period. When the project team is within a reduced capacity, work is only planned for that capacity.

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3
Q

What is the Control Procurements process?

A

The Control Procurements process is the process of completing all procurements, document agreements, and all related documentation for future reference, and it involves administrative activities such as finalizing claims and updating records to reflect final results.

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4
Q

What is Emotional intelligence?

A

Emotional intelligence is the ability to identify, assess, and manage the personal emotions of oneself and other people as well as the collective emotions of a group of people. It is also used to guide thinking and behavior. Emotional intelligence is imperative within project management because it is conducted by people and for people.

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5
Q

What are the steps in the stakeholder register?

A

Stakeholder Name
Title
Power - Is their power low or high?
Influence - Is their influence low or high?
Current engagement level. Are stakeholders unaware, resistant, neutral, supportive, or leading?
Desired engagement level
Interests
Concerns

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6
Q

When should you use Trend analysis?

A

When there is a need to examine the past results of the project to see if it performance is improving or determining.

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7
Q

What are the representation techniques for stakeholder analysis?

A

Power/Interest grid
Power/Influence grid
Influence/Impact grid
Stakeholder cube
Salience model
Directions of influence
Prioritization

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8
Q

What is the Work Breakdown Structure (WBS)? Why is it used?

A

The work breakdown structure or WBS is a hierarchical decomposition of the total scope of work to be carried out by the project team. This is to accomplish the project objectives to create the required deliverables. The WBS organizes, segments, and defines the project’s total scope. It includes descending levels that contain a detailed definition of a component of the project. These components are known as products or services.

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9
Q

What is a Process improvement plan?

A
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10
Q

When is a control chart used?

A

Control charts are used to determine whether a process is stable or has predictable performance. The project manager and stakeholders are usually responsible for determining the project’s acceptable range of measurements between the upper and lower control limits on the control chart. A control chart is a graphic display of process data over time and against established control limits, which has a centerline that assists in detecting a trend of plotted values toward either control limit.

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11
Q

What is the Project charter?

A

The project charter contains the project purpose or justification element as well as these other elements: high-level requirements, summary budget, project approval requirements, and the assigned project manager with responsibility and authority levels defined.

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12
Q

What is the best explanation for what a Project Manager does?

A

Project management is the application of knowledge, skills, tools, and techniques to project activities to meet project requirements.

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13
Q

What is Parametric estimating?

A

This estimating technique uses a statistical relationship between other variables and historical data to calculate an estimate for activity parameters (cost, budget, and duration). Parametric estimating could be applied to the entire project or segments of it.

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14
Q

What is a Backlog refinement meeting and when is it used?

A

Backlog refinement meetings are where the backlog is progressively elaborated and (re)prioritized to identify the work that can be accomplished in an upcoming iteration. This activity typically occurs in an iteration-based agile environment.

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15
Q

What is the agreement?

A

Documentation of formal acceptance of seller-provided deliverables may be required to be retained by the organization. The Close Project or Phase process ensures this documentation requirement is satisfied. Requirements for formal deliverable acceptance and how to address nonconforming deliverables are usually defined in the agreement.

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16
Q

What are the engagement levels for stakeholders in the stakeholder engagement assessment matrix?

A

Unaware, Resistant, Neutral, Supportive, and Leading

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17
Q

What is a Lessons learned meeting?

A

The lessons learned meeting is used to identify and share the knowledge gained during a project, phase, or iteration. The intent of this meeting is to improve project team performance. The lessons learned meeting can address situations that could have been handled better, alongside good practices that illustrate favorable outcomes. Lessons learned are information that illustrates negative and positive experiences toward the project.

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18
Q

Servant leadership enables project managers in an Agile environment to approach project work in which order?

A

Purpose, people, process is the order of priority in Agile environments. Purpose addresses the “why” to gather team members around the project and then people comes next with a focus on each person’s contribution to the work with process following, which is an attention on results.

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19
Q

What is Analogous estimating?

A

Analogous estimating evaluates the time or cost of an activity or project utilizing historical data from a similar project or activity. Parameters from historical or identical projects such as duration, budget, weight, complexity, and size are used for estimating the same parameters for future projects. Analogous estimating is most accurate when the activities or projects are very similar, and the project team has the expertise required to perform the work right.

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20
Q

What are some of the effective communications techniques?

A

Sender-receiver models, Choice of media, Writing style, Meeting management, Presentations, Facilitation, and Active Listening

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21
Q

What is story point estimating?

A

Story point estimating includes project team members assigning abstract, but relative, points of effort required to implement a user story. This tells the team about how difficult the story is in relation to the complexity, risks, and effort involved. A story point is a metric utilized in adaptive/agile projects to estimate the difficulty of a particular user story. Stories are simple descriptions of a feature told by the requesting person.

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22
Q

Which function of the project management plan includes software to track and control changes? Why is this used?

A

The change control system is the function of the project management plan that includes software, standardized forms, reports, processes, and procedures to track and control changes. Change control systems are often used to combat scope creep.

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23
Q

What is the internal rate of return (IRR) for a project?

A

The rate of growth a project is expected to generate. The IRR is the projected annual yield of a project investment. It incorporates both initial and ongoing costs into an estimated growth rate.

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24
Q

What are the Project Management Office (PMO) types? What make them different from each other?

A

Supportive: Supportive PMOs provide a consultative role to projects by supplying templates, best practices, training, access to information, and lessons learned from other projects. The degree of control provided by this PMO is low.

Controlling: Controlling PMOs provide support and require compliance through various means. The degree of control provided by this PMO is moderate. Compliance may involve adoptions of project management frameworks or methodologies; use of specific templates, forms, and tools; and conformance to governance frameworks.

Directive: Directive PMOs take control of the projects by directly managing the projects. Project managers are assigned by and report to the PMO. The degree of control provided by this PMO is high.

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25
Q

In assisting the project sponsor with drafting the project charter, which section specifically outlines the requirements that pertain to both the project and the product scope?

A

The Stakeholder Requirements section is the correct part of the project charter that addresses requirements related to both the project and product scope.

It not only lists stakeholder needs but also how they will engage with the project’s outcome, ensuring that the project aligns with their expectations

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26
Q

What is the Stake holder classification model?

A

Power / Interest - Classification
High / High - Manage/Engage Closely
High / Low - Keep Satisfied
Low / High - Keep Informed
Low / Low - Monitor

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27
Q

What is the Crystal communication method in the agile project framework?

A

It contends with communicating via osmosis where team members can hear conversations and pick up relevant information as necessary.

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28
Q

What is measured by the stakeholder engagement assessment matrix?

A

A stakeholder’s current level of engagement and desired level of engagement.

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29
Q

What are the four Agile Manifesto values?

A
  1. Individuals and interactions over processes and tools
  2. Working software over comprehensive documentation
  3. Customer collaboration over contract negotiations
  4. Responding to change over following a plan
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30
Q

What is Project Integration Management?

A

Project Integration Management has a process in the Closing Process Group: Close Project or Phase. Project Integration Management is the glue that links all of the deliverables from the Process Groups into a unified whole. This linkage begins with the project description document and extends to the project plan and its execution, including monitoring progress against the project plan and the integration of changes, and finally through to project closure.

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31
Q

Does the influence the project from stakeholders change during the life cycle of a project?

A

The ability of stakeholders to influence the project is typically highest during the initial stages and gets progressively lower as the project progresses.

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32
Q

What are the three member types for an Agile team?

A

Cross-functional team member, product owner, and team facilitator

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33
Q

What meeting type take place at the end of an iteration?

A

Retrospective

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34
Q

What processes directly support this Agile principle of “Simplicity—the art of maximizing the amount of work not done is essential”?

A

Backlog Preparation and Backlog Refinement

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35
Q

What is the most important practice in agile practice?

A

Retrospective - is similar to a lesson learned in which the team learns about, improves, and adapts its processes in place. A retrospective allows the team to learn from previous work with its products or processes.

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36
Q

What are the steps for all project management plans?

A

Initiating, Planning, Executing, Monitoring and Controlling, and Closing

37
Q

Who is responsible for doing the work during the Estimate Activity Durations process?

A

Always the person most familiar with the activity’s type of work

38
Q

When is the Issue log used?

A

Employee issues

39
Q

What analysis method is used to put the details of a three-point estimate?

A

Monte Carlo analysis

40
Q

What is What-if scenario analysis?

A

Evaluates scenarios to predict their effect on project objectives. It is done by analyzing the evaluates various scenarios against the project objectives and utilizing situations that are positive and negative to fully understand their effects.

41
Q

What is the formula for EMV? What does EMV stand for?

A

EMV is Probability x Impact. It stands for Expected Monetary Value

42
Q

What does the basic sender/receiver communication model describes?

A

This model is concerned with ensuring that the message is delivered rather than understood. The steps in this model include encode, transmit message, and decode.

43
Q

To operate effectively and efficiently, the project manager needs to understand what three elements?

A

Responsibility, accountability, and authority

44
Q

What is the benefit to a business analyst would look at a company’s organizational chart?

A

To allow the business analyst to identify key stakeholders or groups that will be impacted by the project

An organizational chart will provide information for the business analyst that will aid identification of stakeholders or groups. It will also allow a more elaborate understanding of the report structure. An organizational chart ultimately shows the internal structure of stakeholders involved with the project.

45
Q

What approach is best used for high levels of uncertainty and volatility?

A

Adaptive approach

46
Q

The development of a project team is a process within which process group?

A

Executing

47
Q

What acronym is used to determine the worth of work you are getting out of every dollar that is spent on a project?

A

Cost Performance Index (CPI) is a measure of the cost efficiency of budgeted resources expressed as the ratio of earned value to actual cost. To calculate the CPI, use the formula CPI = EV / AC.

48
Q

What is Predictive approach?

A

Predictive approach = Waterflow. Often a high level of risk that may require recurring reviews, change control mechanisms, and replanning. Oftentimes may have templates from similarly executed projects in the past.

49
Q

What iterative or incremental project is initially agreed upon before the start of any iteration?

A

adaptive lifecycle

50
Q

What are the most frequent source of conflict on a project?

A

Scarce resources, scheduling priorities, personal work style

51
Q

What two approaches promotes the engagement of team members as local domain experts in integration management?

A

Iterative and Agile

52
Q

What are the best powers to use as a project manager?

A

Expert and reward-oriented

53
Q

What are the techniques used to gather data while developing the project management plan?

A

Brainstorming, checklists, focus groups, and interviews (not Lessons learned as the agile project is in the development stage.

54
Q

What are Organizational Process Assets (OPA)?

A

Processes, policies, procedures, and knowledge bases that are specific to and used by the performing organization.

55
Q

What is the float time and what are the two formulas for it?

A

Float = “slack,” is the amount of time a project or task can be delayed without affecting the project’s completion date or other tasks.

Start Formula: Float = LS - ES
Finish Formula: Float = LF - EF

56
Q

What is the critical path? What relation does that have to to float time?

A

Critical path activities usually have zero float. This that if the float of the activity is greater than zero then the project is not on the Critical path.

This tool is used for Control Schedule process.

57
Q

What is described by the I-shaped and T-shaped team members?

A

The “I” shape shows depth, but not breadth.
T-shaped people have both breadth and depth, and as such, they are able to pitch in and assist in areas outside their dedicated specialty.

58
Q

What are the steps for a PM regarding requested changes?

A
  1. Evaluate the impact
  2. Create options
  3. Get the change request approved
  4. Get customer buy-in
59
Q

What are two quality improvement methods?

A

Plan-Do-Check-Act (PDCA) and Six Sigma

60
Q

What are the two methodological offspring of the Lean method?

A

Agile and Kanban are descendants of lean methodology

60
Q

What is the formula for Estimate To Complete (ETC)?

A

(EAC) Estimate at Completion - (AC) Actual Cost

60
Q

What is the formula for the critical path. This is often known as the schedule variance (SV)?

A

SV = EV - PV (Earned Value (EV) and the Planned Value (PV))

61
Q

Who is involved in the development of the scope baseline? What are the elements of the scope baseline?

A

The project team is responsible for the development of the scope baseline after they receive feedback from the project’s customers and stakeholders.

The scope baseline includes the Work Breakdown Structure (WBS), the WBS dictionary, and the project scope statement and is used by the project manager to relate where the project is to where the baseline shows it should be.

62
Q

How broad should the project charter be?

A

The content of the project charter should be broad enough that it does not need to be changed.

63
Q

What is the key benefit of the Manage Communications process?

A

It enables an efficient and effective communication flow between project stakeholders.

64
Q

Why are Risk triggers are not included in the risk register during the Implement Risk Responses phase?

A

They are identified during the risk response planning phase.

65
Q

The project sponsor has contacted you and wants the date of completion for a bunch of the features. What term is used to answer this sponsor?

A

A cycle time is the total elapse time from the start of a specific activity or work item to its completion.

66
Q

If a project is behind timeline will what will happen to the float?

A

The float will be negative.

67
Q

What are the three elements of the Agile team?

A

Cross-functional team members, product owners, and team facilitators

68
Q

What is the purpose of a performance report?

A

To generate decisions, actions, awareness, or raise any issues.

69
Q

What is does a product owner rank work based on?

A

Business Value

70
Q

Which of the following is not an example of an expert judgment source for the Develop Project Charter process?

Consultants, Stakeholders, Industry Groups, or Policies and Processes

A

Policies and Processes are examples of Organizational Process Assets (OPAs)

71
Q

What are some of the elements that a business case is based on?

A

Market demand, organizational need, customer request, technology advancement, legal requirements, ecological impacts, or social need

Note: Not Available Budget

72
Q

What is a context diagram?

A
73
Q

What is a fishbone diagram?

A
74
Q

What is a affinity diagram?

A
75
Q

What is a Gantt chart?

A
76
Q

What is A fixed-price contract?

A

Contract locks in costs and does not provide the needed flexibility for varying service needs over time

77
Q

What is a Indefinite Delivery Indefinite Quantity (IDIQ) contract?

A

Contract is appropriate for long-term projects requiring services at different times. It offers the flexibility to order services as needed throughout the project’s duration

78
Q

What is a cost-reimbursable contract?

A

Reimbursement of actual costs but may not offer the flexibility to order services as needed throughout the project

79
Q

What is a Time and Materials (T&M) contract?

A

Pays for actual time and materials used but does not provide the long-term ordering flexibility that an IDIQ contract offers​​​​

80
Q
A
81
Q

What is Decomposition

A

This is a technique that divides and subdivides the project scope and deliverables into more manageable parts. Decomposition is best used to develop the WBS and activity list to develop the project’s scope.

82
Q

Change Log

A

The change log is a type of documentation that contains a list of all changes that are made during the entire project management design. It tracks the progress of each change based on its review, approval, implementation, and closure.

83
Q

What is a Cost management plan?

A

A cost management plan is vital to ensure cost efficiency and effective resource utilization. This plan defines the approaches and methodologies for planning, managing, and controlling project costs, including resource management strategies.

84
Q

How does the change control process work?

A
85
Q

What is SPI? How does it relate to CPI?

A
86
Q

What is the difference between Estimate At Completion (EAC) and Estimate To Complete (ETC)?

Bonus points: What is Variance At Completion (VAC)

A

Estimate At Completion (EAC) is the expected total cost of completing all work expressed as the sum of the actual cost to date and the estimate to complete.

Estimate To Complete (ETC) is the expected cost to finish all the remaining project work.

Variance At Completion (VAC) is a projection of the amount of budget deficit or surplus, expressed as the difference between the budget at completion and the estimate at completion.

87
Q
A