Test 5.2 Flashcards
6
As part of project planning, you refer to organizational practice and defined tolerance limits. Which of the following includes the key areas where tolerance limits are set?
SELECT THE CORRECT ANSWER
Quality, budget
Budget, time, quality, and non-functional requirements
Budget, time, and quality
Scope, schedule, and cost
Correct Option:B
EXPLANATION
Besides setting a tolerance limit for budget, quality, and time, you also need to define acceptable limits for deviations (non-compliances) for non-functional requirements. This will help you as a project manager to move forward swiftly with minimal escalations.
9
A risk breakdown structure is created as part of:
SELECT THE CORRECT ANSWER
Risk qualitative analysis
Risk identification and categorization
Risk response
Risk ownership
Correct Option:B
EXPLANATION
Once the risks are identified, they are categorized based on the source, like external, internal, technical, and project management. This gives the risk breakdown structure.
16SMART acronym is used while defining KPIs. While generally the ‘R’ in the acronym stands for ‘Realistic’, in the context of project management it denotes:
SELECT THE CORRECT ANSWER
Real time
Recurring
Relevant
Reasonable
Correct Option:C
EXPLANATION
The target needs to be relevant in the context of the larger objectives and critical success factors.
19Mind Mapping and Affinity Diagram are examples of:
SELECT THE CORRECT ANSWER
Techniques for data consolidation
Techniques for data gathering
Techniques for data elicitation
Techniques for data representation
Correct Option:D
EXPLANATION
Mind mapping and affinity diagram are examples of techniques for data representation.
21Which of the following is effective in measuring project compliance with quality? (Choose two)
SELECT THE CORRECT ANSWER(S)
Using QA outputs to confirm deliverable compliance
Risk analysis
Issue resolution
Sign-off and approval from stakeholders
Correct Option:A, D
EXPLANATION
Both QA outputs to confirm deliverable compliance and Sign-off and approval from stakeholders are effective in measuring project compliance with quality.
26
In Agile projects, teams use a ceremony to communicate and address impediments slowing down the progress of work. This ceremony is called:
SELECT THE CORRECT ANSWER
Retrospective
Scrum facilitation
Daily stand-ups
Sprint review
Correct Option:C
EXPLANATION
A daily stand-up meeting with the scrum team is a daily routine which serves as a communication platform for the team to address blocks and impediments.
29Common tools to track the performance of a team in AGILE include: (Choose two)
SELECT THE CORRECT ANSWER(S)
Scrum or Kanban board
Throughput
Project board
Blackboard
Correct Option:A, B
EXPLANATION
Common tools to track the performance of team in AGILE includes: Scrum or Kanban board and throughput.
34Changes to external and internal environmental factors can affect the project and its outcomes. A framework used to analyze the external factors impacting the project is:
SELECT THE CORRECT ANSWER
Business complexity
Competitive strategies
PESTLE
SMART
Correct Option:C
EXPLANATION
PESTLE (stands for Political, Economic, Social, Technological, and Environmental) is used to analyze the external factors which impact the project.
37The famous Quality Trilogy is attributed to:
SELECT THE CORRECT ANSWER
Peter Drucker
Joseph Juran
Philip Crosby
Edward Deming
Correct Option:B
EXPLANATION
The Juran trilogy gives the concept of quality management with its underlying three universal processes of quality planning, quality control, and quality improvement.
42Business risks impact the project. Choose three business risks from the following:
SELECT THE CORRECT ANSWER(S)
Competitive
Scope related
Legislative
Operational
Correct Option:A, C, D
EXPLANATION
Competitive, legislative, and operational risks are the business risks that impact the pr
52You are in the process of defining the scope of the product that will be delivered as the final output of the project. You are analyzing the product in terms of characteristics and using all relevant aspects of the product to better understand it. What kind of tool are you using?
SELECT THE CORRECT ANSWER
Scope verification
Value analysis
Requirement analysis
Product analysis
Correct Option:D
EXPLANATION
Product analysis is thorough analysis of the features for better understanding.
54You and your team are finalizing the project’s scope statement. The scope statement contains: (Choose two)
SELECT THE CORRECT ANSWER(S)
Work, deliverables
Assumptions and constraints
Resources
WBS
Correct Option:A, B
EXPLANATION
Scope statement includes description of work, deliverables, assumptions and constraints.
- Project Goals & Objectives
- Project Requirements
- Project Scope Description
- Project Exclusions
- Project Constraints
- Project Assumptions
- Project Deliverables
58A team member is working on identifying areas for improvement in the project. He wants to know how to go about it. Which of the following would be a good source to start with?
SELECT THE CORRECT ANSWER(S)
Historical lesson learned
Sprint review
Demonstration
Meetings
Correct Option:A, D
EXPLANATION
Lessons learned from previous projects are a good starting point to identify areas for improvement. Then you look at lessons from retrospectives in this project.
65Your team is in the process of finalizing the type of contract for procurement. It is observed that the procurement statement of work is not precise and there are some constraints which do not permit further clarity in defining the statement of work. It is agreed amongst stakeholders that the team can go for a slightly open-ended and flexible arrangement with the seller. Which of the following contract types would be best suited?
SELECT THE CORRECT ANSWER
Fixed price incentive fee contracts
Cost plus fixed fee
Time and materials or T and M
Fixed price-EPA
Correct Option:C
EXPLANATION
Time and materials or T and M contract works best for flexible arrangements.
69One of your key stakeholders wants to review the product’s completion by comparing it against the requirements. Which document would you present to him?
SELECT THE CORRECT ANSWER
Project scope statement
Product requirements
WBS dictionary
Requirement traceability matrix
Correct Option:B
EXPLANATION
Completion of product scope is compared against product requirements.
78Your vendor is not performing up to your expectations. You have called him and warned him. Despite your warnings, his supplies are erratic. You decide to terminate the contract. What would you do next?
SELECT THE CORRECT ANSWER
Refer to provisions in the contract for termination
Consult legal team
Go ahead with termination
Give him another chance, because if you change him, a lot of time will be wasted in finding a new one.
Correct Option:A
EXPLANATION
Termination for convenience is a clause found generally in most contracts and can be invoked by the purchaser at any time.