Simulator Mock Exam 2 Flashcards
What is the triangular formula? 
Basically the average.
(X+y+z)=w
What is and how to use a control chart?
It identifies production issues and causes a variance in quality
What does it mean if a customer is unwilling to accept the deliverable due to function?
It usually means performance baselines are not define such as quality metrics
If a stakeholder can’t accept a deliverable, what should be done first?
Update the issues log and asses if there’s any other way to get around it
If a project schedule is trending behind, what is the next step to take and why? (SPI<1)
Issue a change request
Without enough time you can’t even allocate more resources to it.
What’s the point of a minimum viable product?
The objective is for the customer to start seeing value.
It’s not a finished deliverable.
What is CV=EV-AC?
Cost variance =
earned value - actual cost
What is SV=EV-PV?
Schedule variance =
Earned value - Planned value
What phase is a resource management plan created?
The planning phase
When do you start creating the business case?
In the initiating phase
Once you have prelim scope, few restrictions, & some assumptions.
SPI > 1
Ahead of schedule
SPI < 1
Behind schedule
CPI > 1
Under budget
CPI < 1
Over budget
Where can you find the communication and stakeholder engagement plans?
Project management plan
When do you hire a consultant?
Only with members of the team did not have the necessary skills to execute the project
When project work is done what do you do next?
 Complete the delivery of the project with proper documentation and transition 
On an agile project who organizes the product backlog?
The product owner has the responsibility to not only organize but prioritize and re-prioritize the product backlog 
What is storming?
Storming is when the team is having issues and conflict about getting the work done. Usually new teams.
What are the 5 elements of Tuckman’s ladder?
Forming
Storming
Norming
Performing
Adorning
If an issue isn’t resolved during the iteration, when should it next be addressed? 
The PM can address it during the team sprint retrospective.
Who assumes the responsibility of training team members?
The PM is responsible for training, others or finding the training needed. Training is not passed on to other team members
What’s in the change management plan?
Procedures how to handle requests for a change
If there are any safety issues, what do you do?
Immediately stop
What is a major benefit of a Kanban board?
It limits the work currently in progress.
What does a scope statement decompose into?
WBS
Motivation theory x
Micromanager
Motivation theory y
Employees like working
What is a hygiene agent mean?
Herzberg’s theory
Job security, salary, good pay, insurance, etc.
What is bottom up estimating and when to use it?
It’s a method of estimating project, duration of costs by aggregating the estimate of lower level components of the WBS.
Use it when you have components well defined bc it is most accurate and most time consuming
If the stakeholder is having communication issues with team members, what steps should a project manager take?
They should train team members on emotional intelligence, so they can better communicate and hopefully resolve this issue 
How do you know the difference of implementing a risk register and implementing to change request? 
Risk register is done ahead of time
Change request is needed correct/ prevent issue
If a stakeholder is reaching out directly to team members for information, what should a project manager do?
The first step is to review communications management plan to clarify, what steps may be taken to give the stakeholder the information they’re looking for 
What is beta estimate? (3 point estimating)
(Optimistic +(4xMost Likely) + Pessimistic) / 6 = Beta estimate
What are risks?
It a possible future event or issue.
It’s undetermined if it will happen at all.
Once determined it’s no longer a risk.
If a stakeholder is upset that they haven’t been included in regular communication what should a project manager do to resolve this?
First review the project management plan that will include the communication and stakeholder engagement plan to better understand what should have taken place 
