Test 7 Flashcards
1Since the deliverables of the project were well known, predictive approach was selected for a project, and a plan was produced based on the decision. While planning for risk management, a project manager must have faced the highest uncertainty in which of the following stages?
SELECT THE CORRECT ANSWER
During the mid of the project
During early stage of the project
During schedule management
During the execution of the project
Correct Option:B
EXPLANATION
The early stages of the project have more uncertainties since the stakeholder explains the requirement. Further, in the early stage of the project, the deliverables are not produced and the dynamics are not well known.
2
The ground rules are established and have to be complied by the team. Any violation of any rules must be dealt with immediately. Which of the following is the best course of action for the violation of ground rules?
SELECT THE CORRECT ANSWER
Assess opportunities for the remediation per the guidelines
Send a notice and close
Do nothing as it is normal for teams to violate
Send a termination notice to team member
Correct Option:A
EXPLANATION
The guidelines are the key and basic references to check on recommended options of actions for violation of ground rules.
3As a project manager, you are very impressed with the performance of a team member, who has performed well in all the assignments. You decided to promote the team member to higher level role in the project. However, the sponsor cautioned you that the team member may not be able to perform this higher role. What is the empirical rule that the sponsor is mentioning to be considered by you before promoting?
SELECT THE CORRECT ANSWER
Herzberg’s theory
Halo effect
Pareto principles
Maslow’s hierarchy of needs
Correct Option:B
EXPLANATION
Halo effect is the phenomenon where the individuals are influenced by the past performance of the team members, based on which the decisions are made. However, in reality the team member may not be ready for next level, which requires grooming, training, and mentoring before promoting so that the person can perform well after promotion.
4A project manager is identifying the stakeholders. The identified stakeholders have to be classified based on the authority, their immediate needs, and their involvement in the project. Which of the following models considers these?
SELECT THE CORRECT ANSWER
Stakeholder model
Impact model
Salience model
Influence model
Correct Option:C
EXPLANATION
A salience model helps to classify the identified stakeholders on the basis of their authority, immediate needs, and involvement in the project.
5An organization faces a situation in which it has to select a project out of two opportunities available. The value of project A is $100 million, whereas the value of the project B is $150 million. After brainstorming, it was decided to go with project A. What is the opportunity cost of selecting project A?
SELECT THE CORRECT ANSWER
$150 million
$100 million
$125 million
$ 75 million
Correct Option:A
EXPLANATION
Opportunity cost is considered as the value of the alternative option which is not selected. While the project A is selected, and the project B is not, the opportunity cost would be the value of project B, that is, $150 million.
6The project sponsor handed over the project charter to the project manager and briefed them about the project. Further, the project manager has a basic understanding of the project but requires more information about the project. Which of the following processes is to be performed by the project manager?
SELECT THE CORRECT ANSWER
Develop project management plan
Identify stakeholders
Develop project charter
Develop scope statement
Correct Option:B
EXPLANATION
It is important for the project manager to identify the stakeholders who are involved in the project and understand the requirements and the impact of the project in detail. So, identifying the stakeholders process has to be performed by project manager after receiving the project charter.
7A statement of work is being established, and the project manager and the customer are discussing on establishing the details. Which of the following techniques is the most suitable for this situation?
SELECT THE CORRECT ANSWER
Three point estimation
Negotiation
Planning poker
Product management
Correct Option:B
EXPLANATION
Negotiation is the best technique to agree upon the details with mutual consent.
8The document that describes the service levels expected from a service provider is called service level agreement. Which among the following is NOT the part of a service level agreement?
SELECT THE CORRECT ANSWER
Service availability
Service review
Service pointer
Service performance
Correct Option:C
EXPLANATION
Service pointer is not a part of a service level agreement.
9 STAKEHOLDERS
In a project, a project manager has to manage stakeholders, for which a stakeholder engagement plan is essential. While analyzing the stakeholders using the power/interest grid, the stakeholder is placed in high power and low interest. How should this stakeholder be managed?
SELECT THE CORRECT ANSWER
Manage closely
Keep informed
Keep satisfied
Monitor
Correct Option:C
EXPLANATION
A power/interest grid classifies the stakeholders based on their level of authority and interest relating to the project outcomes. The recommended classification based on power/interest grid is as follows: High-power/High-interest: Manage closely High-power/Low-interest: Keep satisfied Low-power/High-interest: Keep informed Low-power/Low-interest: Monitor
10 REQUIREMENTS
The project sponsor asks the project manager for the document which would provide the detailed description and status of the product requirements. Which of the following project documents should the project manager share with the sponsor?
SELECT THE CORRECT ANSWER
Requirement traceability matrix
Scope statement
Work breakdown structure or WBS dictionary
Work package
Correct Option:A
EXPLANATION
The requirements traceability matrix captures the product requirements from their origin and tracks it till the delivery. It captures an unique identifier, brief description, the owner, priority, the version details, current status, and so on.
11While progressing in the agile projects, it is required to prioritize the product backlog items to be included in the upcoming iteration. Which of the following is NOT the correct technique to prioritize?
SELECT THE CORRECT ANSWER
Kano model
100 points method
MoSCoW analysis
CoSCow analysis
Correct Option:D
EXPLANATION
CoSCow analysis is not a technique.
12
In one of the situations in a project, the final activities which were to be identified for completing the work package were not identified, as it had the dependency on the completion of 35% of the system development. The development of the system, that is, 35% is estimated to take around two and a half month. What is the best course of action to be considered to address this situation?
SELECT THE CORRECT ANSWER
Use product analysis techniques and decompose the system testing activities
First decompose the system development work package and then the system testing work package
Break project into the multiple stages and take the system testing work package as the third stage of the project
Consult and discuss the situation with the project sponsor and determine the solution
Correct Option:B
EXPLANATION
This is an example of rolling wave planning. Since there is no proper clarity of the product, the product break down can be done based on the details available and further update when it becomes available.
13The project manager is defining the performance metrics to measure the performance of the team. Which of the following options is included along with individual performance and team performance?
SELECT THE CORRECT ANSWER
Change requests
Defects
Team goal and objectives
Team management
Correct Option:C
EXPLANATION
Only this option can be considered for measuring team performance.
14After changing the dynamics of an organization’s business environment, it decided to go for an Agile approach. Which of the following can be considered for performance measurement of Agile projects?
SELECT THE CORRECT ANSWER
Comparison of delivered stories and plans of iteration
Completed vs accepted user stories
Progress of product backlog
All of the above
Correct Option:D
EXPLANATION
All the given options are considered for performance measurement.
15You are nominated as a project manager for a new project, for which you need to start planning. The project is very large and complex and requires the plan to be made in detail. Besides, the consideration for regulatory and environmental factors is very critical. As a project manager what is the first action that you would take?
SELECT THE CORRECT ANSWER
Organize a kickoff meeting and communicate to all the stakeholders about the project
Plan for the project immediately to utilize the time
Identify stakeholders for the project and capture the details of stakeholders to determine the engagement strategy
Discuss with the team and understand their requirements for doing the project efficiently
Correct Option:C
EXPLANATION
The project manager is assigned for a new project, and project charter is handed over. The immediate next process to follow is to identify stakeholders.
16Which of the following is used to determine the resources that are required for planning an activity period and estimating project activities?
SELECT THE CORRECT ANSWER
Responsibility assignment matrix
Resource calendar
Skills and capabilities
Activity sequencing
Correct Option:B
EXPLANATION
A resource calendar is used to determine the resources that are required for planning an activity period and estimating project activities.
17While negotiating the blackout period, which of the following should a project manager consider?
SELECT THE CORRECT ANSWER
Handing over the deliverables
Completion of activity
Consideration of team performance
Handing over the facility
Correct Option:A
EXPLANATION
Blackout times are declared while the deliverables are handed over.
18A project manager is monitoring the cost performance of the project and notices that the expenses of the project are high compared to the baseline cost. Which of the following can be the cause of high expenses?
SELECT THE CORRECT ANSWER
Overestimation of the cost of resources
Stakeholders not involving in the project appropriately
Incomplete deliverables
Inventory not managed well
Correct Option:D
EXPLANATION
The cost components involve various resources like human resources, technology resources, tools, inventory, and so on, which are needed to be managed and controlled efficiently. If not, it may result in uncontrolled variance of the expenses beyond the cost baseline.
19While forming a project team, it is very critical and important to consider the competencies and skills required by the team members. Which of the following is the best technique to consider while forming a team?
SELECT THE CORRECT ANSWER
Team discussions
Communication and collaboration
SWOT analysis
Team reviews
Correct Option:C
EXPLANATION
SWOT analysis provides a better visibility of the team’s ability so that the appropriate actions can be initiated while forming the team.
20Team task accountability is established while the team self-organizes and works together for achieving the common goals and objectives. It is essential to determine the work that is needed to be done and the person who should perform it. Which of the following is also required to be determined?
SELECT THE CORRECT ANSWER
Where to perform the work?
How to perform the work?
Why to perform the work?
Which to perform the work?
Correct Option:B
EXPLANATION
It is essential to determine the work needed to be done, how to perform the work, and who should perform while encouraging the team to self-organize.
21
You are managing a project, and the project execution is in progress. The schedule performance shows that the project is delayed. On checking, you identify that the project team is spending more time on responding to the requests from various stakeholders, which is the cause for this delay. What is the best course of action to be taken in such scenarios?
SELECT THE CORRECT ANSWER
Inform the team to stop responding the requests from the stakeholders
Push the team to work overtime to complete all the requests
Instruct the team to work only on those requests that are prioritized
Review the communications management plan and obtain the clarity of what kind of requests has to be handed from which stakeholders
Correct Option:D
EXPLANATION
Communication management plan captures the details of communication requirements and associated details like objectives, context, who, whom, when, how, and so on. This provides the clarity related to the communication.
22 AGILE
There are various scrum events which include sprint planning, sprint daily stand-up, sprint review, and sprint retrospective. While conducting the sprint retrospective, it is essential to ensure setting the stage, gathering and sharing the data, and so on. Which of the following is also necessary to ensure while conducting the sprint retrospective?
SELECT THE CORRECT ANSWER
Generate insights, make decisions, and close
Generate documents, make decisions, and close
Generate insights, make discussions, and close
Generate insights, make decisions, and communicate
Correct Option:A
EXPLANATION
While conducting the sprint retrospective it is essential to ensure setting the stage, gathering and sharing data, generating insights, making decisions, and closing.
23A successful project manager is the one whose team is performing well with all the skills, capabilities, behaviors, and culture and is delivering the results as expected. However, a project manager observes that the team was unable to deliver the results as required during a project. Which of the following is the best course of action the project manager can take?
SELECT THE CORRECT ANSWER
Review the team and tell them to perform well
Provide the guidance to work well
Escalate to project sponsor
Identify the required skills and competencies
Correct Option:D
EXPLANATION
The first thing a project manager has to do is identify the required skills and competencies so that further analysis can be done on checking and understanding skill gaps.
24Which of the following is the activity that facilitates the team members to acquire new skills and capabilities?
SELECT THE CORRECT ANSWER
Brainstorming
Training
Team reviews
Team outing
Correct Option:B
EXPLANATION
Training facilitates the team members to acquire new skills and capabilities.