Udemy 1 Flashcards
Question 1:
The original scope baseline of your project was budgeted at $150,000, and there have been 14 approved changes to the project. The changes have a value of $15,000, and the cost of investigating them before their approval was $2,000. What is the current budget for the project?
$133,000
$167,000
$135,000
$180,000
Question 1SkippedThe original scope baseline of your project was budgeted at $150,000, and there have been 14 approved changes to the project. The changes have a value of $15,000, and the cost of investigating them before their approval was $2,000. What is the current budget for the project?$133,000Correct answer$167,000$135,000$180,000Overall explanationThe current budget of the project contains the initial project budget + the cost of changes + the cost of investigation of the feasibility of changes. The answer is $150,000+$15,000+$2,000 = $167,000
Question 2:
Your project team reported the following earned value data: PV = $16,000,000 , EV = $18,500,000 , AC = $18,500,000. What is your project status?
The project is over budget and on schedule.
The project is under budget and on schedule.
The project is on budget and ahead of schedule.
The project is on budget, but behind schedule.
Question 2SkippedYour project team reported the following earned value data: PV = $16,000,000 , EV = $18,500,000 , AC = $18,500,000. What is your project status?The project is over budget and on schedule.The project is under budget and on schedule.Correct answerThe project is on budget and ahead of schedule.The project is on budget, but behind schedule.Overall explanationWhen EV = AC, the project is on budget; when EV > PV, the project is ahead of schedule.
Question 3:
A quality control member informed the project manager about a one-week schedule delay to complete the testing phase. What should the project manager do first?
Crash the schedule.
Negotiate with the customer for a change in the schedule.
Check whether this task is on the critical path.
Take corrective action to minimize the impact of delay.
Question 3SkippedA quality control member informed the project manager about a one-week schedule delay to complete the testing phase. What should the project manager do first?Crash the schedule.Negotiate with the customer for a change in the schedule.Correct answerCheck whether this task is on the critical path.Take corrective action to minimize the impact of delay.Overall explanationBefore you take corrective action, you need to determine the impact of the delay. For example, if the task has a 3 week float, so if it is delayed for one week, you don’t need to take any corrective action.
Question 4:
You are working as a project manager, and you have noticed that some of your team members are not able to work as a team. You are concerned about this and have decided to improve their performance as one core unit. Which of the following would be most suited for this purpose?
Use communication technology like shared portals, audio/video conferencing and email/chat
Use awards and recognition to improve their performance as one team
Co-locate the team members
Allow them to work as a virtual team using latest collaboration technology
Question 4SkippedYou are working as a project manager, and you have noticed that some of your team members are not able to work as a team. You are concerned about this and have decided to improve their performance as one core unit. Which of the following would be most suited for this purpose?Use communication technology like shared portals, audio/video conferencing and email/chatUse awards and recognition to improve their performance as one teamCorrect answerCo-locate the team membersAllow them to work as a virtual team using latest collaboration technologyOverall explanationColocation, or bringing the team members together in one location, will enhance their ability to perform as a team and improve their communication. PMBOK 6, Page 340
Question 5:
One of your equipment vendors called you, stating that due to the current global health condition caused by COVID 19, he would not be able to deliver the equipment on time. You were able to respond to this risk by renting the required equipment from the local market until yours arrived. This response is an example of:
risk acceptance
risk exploitation
risk mitigation
risk avoidance
Question 5SkippedOne of your equipment vendors called you, stating that due to the current global health condition caused by COVID 19, he would not be able to deliver the equipment on time. You were able to respond to this risk by renting the required equipment from the local market until yours arrived. This response is an example of:risk acceptancerisk exploitationCorrect answerrisk mitigationrisk avoidanceOverall explanationRisk mitigation means a reduction in the probability or impact of an adverse risk event. Renting the equipment reduces the consequences of the threat in this specific situation.
Question 6:
Your company is being sold out, and the project you are working on is terminated. As a project manager, what should you do first?
Review the project charter as the details for the buyout are contained there.
Begin filing all of the documents as part of lessons learned.
Complete procurements closure as part of the Control Procurements process.
Review the project management plan for closing the project.
Question 6SkippedYour company is being sold out, and the project you are working on is terminated. As a project manager, what should you do first?Review the project charter as the details for the buyout are contained there.Begin filing all of the documents as part of lessons learned.Correct answerComplete procurements closure as part of the Control Procurements process.Review the project management plan for closing the project.Overall explanationFirst, the project manager needs to Complete procurements closure as part of the Control Procurements process, and then move to the process “Close Project or Phase”. PMBOK 6, Pages 499,123
Question 7:
While working with your project team on calculating the cost of your project tasks, you had one task with an estimation of $15. The most likely estimation was $12, but in the best scenario, it was $10. What was your team’s pessimistic value using beta distribution?
$20
$28
$32
$38
Question 7SkippedWhile working with your project team on calculating the cost of your project tasks, you had one task with an estimation of $15. The most likely estimation was $12, but in the best scenario, it was $10. What was your team’s pessimistic value using beta distribution?$20$28Correct answer$32$38Overall explanationThe question requests a pessimistic value. Activity Cost = 15, most likely = 12, best scenario = optimistic = 10, so: 15 = (10+4*12+P)/6, so P = $32.
Question 8:
You are a project manager on a software development project. As a result of your daily observation and conversation, you noticed that some of the team members need training to improve their skills. What should you do first?
Update Project Budget
Schedule training sessions for the team members to optimize their performance.
Kick out the low performing member and acquire new highly skilled member
Review the Resource Management Plan
Question 8SkippedYou are a project manager on a software development project. As a result of your daily observation and conversation, you noticed that some of the team members need training to improve their skills. What should you do first?Update Project BudgetSchedule training sessions for the team members to optimize their performance.Kick out the low performing member and acquire new highly skilled memberCorrect answerReview the Resource Management PlanOverall explanationThe Resource Management Plan includes training strategies and methods for developing the project team. PMBOK 6, Page 319
Question 9:
Your company hired a third party to do the maintenance of your workshop machines at the project site. The billing is based on the actual spare parts used and the time needed to do the maintenance. Which type of contract is this an example of?
Cost reimbursable
Fixed price plus incentive fee
Firm fixed price
Time and material
Question 9SkippedYour company hired a third party to do the maintenance of your workshop machines at the project site. The billing is based on the actual spare parts used and the time needed to do the maintenance. Which type of contract is this an example of?Cost reimbursableFixed price plus incentive feeFirm fixed priceCorrect answerTime and materialOverall explanationTime and material contracts are often used for staff augmentation, the acquisition of experts, and any outside support when a precise statement of work cannot be quickly prescribed. PMBOK 6, Page 472.
Question 10:
You are working as a project manager to construct a school building, and your customer requested a change to the color of one of the classrooms. Your team assessed the impact of the change, and it was concluded that this change would not impact any of the plans or baselines. In this scenario, who usually approves such changes?
The project manager
The sponsor
The CCB (change control board)
The customer
Question 10SkippedYou are working as a project manager to construct a school building, and your customer requested a change to the color of one of the classrooms. Your team assessed the impact of the change, and it was concluded that this change would not impact any of the plans or baselines. In this scenario, who usually approves such changes?Correct answerThe project managerThe sponsorThe CCB (change control board)The customerOverall explanationDecisions on changes that do not impact plans or baselines are usually made by the project manager. If baselines are going to be impacted, then the approval decisions are made by the CCB (change control board), and additionally, by the customer and sponsor if they are not part of the CCB already.
Question 11:
Your current project phase has eight activities, from A to H. A and E can start at the same time. A must finish before B starts. B must finish before C and F start. C must finish before D starts. E must finish before F and G start. F and G must finish before H starts. C and H must finish before D starts. Duration of: A = 5, B = 8, C = 15, D = 10, E = 6, F = 9, G = 19, H = 5. What is the critical path?
ABFHD
EGHD
ABCD
EFHD
Question 11SkippedYour current project phase has eight activities, from A to H. A and E can start at the same time. A must finish before B starts. B must finish before C and F start. C must finish before D starts. E must finish before F and G start. F and G must finish before H starts. C and H must finish before D starts. Duration of: A = 5, B = 8, C = 15, D = 10, E = 6, F = 9, G = 19, H = 5. What is the critical path?ABFHDCorrect answerEGHDABCDEFHDOverall explanationAfter drawing the network diagram, EGHD is the longest path, with 40 days.
Question 12:
You work as a project manager on a software development project, and the project is at its final stage. What document should you review to ensure that all project work is completed and the project has met its objectives before considering the project closed?
Procurement Management Plan
Communications management plan
Project management plan
Scope management plan
Question 12SkippedYou work as a project manager on a software development project, and the project is at its final stage. What document should you review to ensure that all project work is completed and the project has met its objectives before considering the project closed?Procurement Management PlanCommunications management planCorrect answerProject management planScope management planOverall explanationWhen closing the project, the project manager should review the project management plan to ensure that all project work is completed and the project has met its objectives. PMBOK 6, Page 123.
Question 13:
As a project manager, you need to prepare a quarterly report for the project sponsor. To prepare this report, you need to collect work performance data and convert it into work performance information. Which of the following processes generates work performance data?
Direct and Manage Project Work
Develop Project Management Plan
Manage Quality
Manage Project Knowledge
Question 13SkippedAs a project manager, you need to prepare a quarterly report for the project sponsor. To prepare this report, you need to collect work performance data and convert it into work performance information. Which of the following processes generates work performance data?Correct answerDirect and Manage Project WorkDevelop Project Management PlanManage QualityManage Project KnowledgeOverall explanationWork performance data is produced during “Direct and Manage Project Work” process. PMBOK 6, Page 90
Question 14:
A project in the final stage of testing received a change request from the customer. This change will delay the final delivery of the project by two weeks. What should the project manager do next?
Communicate the implication of the change to the customer
Adjust the project management plan and baseline
Create a change request and go through the change management process
Evaluate the impact of the change on schedule
Question 14SkippedA project in the final stage of testing received a change request from the customer. This change will delay the final delivery of the project by two weeks. What should the project manager do next?Correct answerCommunicate the implication of the change to the customerAdjust the project management plan and baselineCreate a change request and go through the change management processEvaluate the impact of the change on scheduleOverall explanationThe next step is to communicate the impact of the change on the final delivery to the customer and get his approval, especially because it affects the final delivery date of the project. The options (evaluate the impact of the change on schedule) and (create a change request and go through the change management process) are already completed by the team as they have already assessed the impact of the delay on schedule. Option (Adjust the project management plan and baseline) will come after the change request approval.
Question 15:
During the kick-off meeting, who should present the implementation strategy of the project?
Project manager
Project Sponsor
The Customer
PMO Representative
Question 15SkippedDuring the kick-off meeting, who should present the implementation strategy of the project?Correct answerProject managerProject SponsorThe CustomerPMO RepresentativeOverall explanationDuring the kick-off meeting, the project manager presents the implementation strategy of the project and the sponsor presents the organization strategy.
Question 16:
As a project manager, your sponsor asked you about the roles of different stakeholders in the project. What document should you direct the sponsor to review?
Team Charter
Stakeholder’s engagement assessment matrix
Stakeholder management plan
Stakeholder Register
Question 16SkippedAs a project manager, your sponsor asked you about the roles of different stakeholders in the project. What document should you direct the sponsor to review?Team CharterStakeholder’s engagement assessment matrixStakeholder management planCorrect answerStakeholder RegisterOverall explanationThe Stakeholder Register includes information about the stakeholders such as name, organizational position, location, contact details, and role in the project. PMBOK 6, Page 514.
Question 17:
During the execution phase of your project, your project team devised a new response to an existing risk that will shorten the project’s timeline by 15 days. What document should the project manager update?
Risk management plan
Cost Management Plan
Risk register
Schedule management plan
Question 17SkippedDuring the execution phase of your project, your project team devised a new response to an existing risk that will shorten the project’s timeline by 15 days. What document should the project manager update?Risk management planCost Management PlanCorrect answerRisk registerSchedule management planOverall explanationThe risk register is updated when appropriate risk responses are chosen and agreed upon. PMBOK 6, Page 448.
Question 18:
You are working as a project manager, and one of your vendors sent you an invoice for $20,000. However, your team believes the correct total due is $15,000. If the vendor still insists on $20,000, what is the best action now?
Pay $15,000 as per your team feedback.
Negotiate with the vendor
Pay $20,000 and close the case.
File a lawsuit
Question 18SkippedYou are working as a project manager, and one of your vendors sent you an invoice for $20,000. However, your team believes the correct total due is $15,000. If the vendor still insists on $20,000, what is the best action now?Pay $15,000 as per your team feedback.Correct answerNegotiate with the vendorPay $20,000 and close the case.File a lawsuitOverall explanationThe best possible action is to negotiate with the vendor. The PMI Code of Ethics mandates good faith negotiations. Failing to negotiate will not be in the best interest of either the project or the vendor. PMBOK 6, Page 498
Question 19:
You are a project manager in a company that has signed a fixed-price contract with the seller organization to finalize the project requirements. Which of the following estimating techniques would be best to estimate the activity cost?
Bottom-up-Estimating
Parametric Estimating
Analogous Estimating
Three Point Estimating
Question 19SkippedYou are a project manager in a company that has signed a fixed-price contract with the seller organization to finalize the project requirements. Which of the following estimating techniques would be best to estimate the activity cost?Correct answerBottom-up-EstimatingParametric EstimatingAnalogous EstimatingThree Point EstimatingOverall explanationSince this is a fixed-price contract, the scope and the WBS should be well defined in advance. Bottom-up will give you the most accurate estimates in this case.
Question 20:
The second level of RBS includes Regulatory and Legislation. In which category are these risks included?
External Risk
Management Risk
Technical Risk
Commercial Risk
Question 20SkippedThe second level of RBS includes Regulatory and Legislation. In which category are these risks included?Correct answerExternal RiskManagement RiskTechnical RiskCommercial RiskOverall explanationRefer to figure 11-4. Risk Breakdown Structure (RBS). PMBOK 6, Page 406.