Udemy 3 Flashcards
Question 1:
You are reviewing your project where PV=5000 & AC=4000 & EV=3000. What is the project situation?
Project should be terminated as no solution to fix it.
Project is going normal and it will be managed and closed normally.
Project is under budget but ahead of schedule.
Project is going slower than planned.
Project should be terminated as no solution to fix it.
Project is going normal and it will be managed and closed normally.
Project is under budget but ahead of schedule.
Correct answerProject is going slower than planned.
Overall explanationEV< AC&PV , SO the Project is Behind Schedule & Over Budget = Project is going slower than planned
Question 2:
A project is contracted on a Cost-Plus-Fixed-Fee (CPFF) basis with a fee of 10 percent of estimated costs. The estimated cost is US$50,000. If the project comes in at US$60,000 with no changes in project scope, what would be the total cost of the contract?
US$55,000
US$75,000
US$65,000.
US$125,000
US$55,000US$75,000Correct answerUS$65,000.
US$125,000Overall explanationFee is calculated as 10% of 50,000 = (10/100)*50,000 = 5,000, So total cost of the contract is 60,000 + 5,000 = US$65,000.
Question 3:
In your project, SPI is 0.8, CPI 1.2. You analyzed the baseline and decided to return the schedule back to meet customer plan. You will:
Check with team task can be automated and save time
Check option of crashing the project
Check with your sponsor
Check tasks which can be removed from baseline
Check with team task can be automated and save time
Correct answer Check option of crashing the project
Check with your sponsor
Check tasks which can be removed from baseline
Overall explanationSince the CPI is over one and SPI is less than one, it means that the project is currently not over budget, but is behind schedule.so you need to Check option of crashing the project.
Question 4:
You are working on a project with 10 stakeholders. The number of communication channels on this project is:
55
40
61
65
Correct answer55406165Overall explanationN(N-1)/2, You + 10 stakeholders = 11 so 11*10/2 = 55 , This equation is not available anymore in BMBOK Guide 6, but still you may find a question in the real exam based on it.
Question 5:
You are a Project manager in construction Project. If an pessimistic estimate (P) = $12, optimistic estimate for an activity (O) = $8, Most likely (M) =$10. What is the Cost estimate activity?
$ 9.5
$ 9
$ 11
$ 10
$ 9.5$ 9$ 11Correct answer$ 10Overall explanationP+4M+O/6 12+4*10+8/6 =10
Question 6:
The CV= -$2000 and the SV=$1300. How is your project doing?
Behind schedule, under budget
Ahead of schedule, over budget
Behind schedule, over budget
Ahead of schedule, under budget
Behind schedule, under budget
Correct answerAhead of schedule, over budget
Behind schedule, over budget
Ahead of schedule, under budget
Question 7:
As part of earned value management (EVM), The budget at completion for the project is $10,000 and the estimate at completion is $12,000. What is the CPI that he will get?
Zero
Equal 1
CPI less than 1.2
CPI more than 1.2
ZeroEqual 1
Correct answerCPI less than 1.2CPI more than 1.2
Overall explanationEAC= BAC/CPI, CPI=10,000/12,000=0.83 , So the CPI Less than 1.2
Question 8:
A project consists of 5 activities, A, B, C, D and E. B & C can’t start until A has finished, D can’t start until C has finished, and E can’t start until B and D have finished. The duration of A is 5, B is 8, C is 10, D is 19 and E is 15. How many days can activity B be delayed, without delaying the whole project?
21
29
37
35
Correct answer21293735Overall explanation
Question 9:
A project team had planned to accomplish $25,000 worth of work to date. It has spent $23,000 to date, and accomplished $20,000 worth of work. Which of the following statements is true about the project?
The project is $5,000 under budget
The project is $5,000 Over budget
The project is $3,000 Over budget
The project is $2,000 under budget
The project is $5,000 under budget The project is $5,000 Over budget Correct answerThe project is $3,000 Over budget
The project is $2,000 under budget
Overall explanationEV=$20,000 AC=$23,000 CV= EV-AC = -3,000
Question 10:
As part of earned value management (EVM), a project manager is calculating the to- complete performance index (TCPI) based on EAC. The data he has is as follows: The budget at completion for the project is $100,000. The earned value for the project is $25,000. The actual costs to date are $40,000, and the estimate at completion is $115,000. What is the TCPI that he will get?
0
1.1
1
0.9
01.1Correct answer10.9Overall explanationBAC-EV/EAC-AC, 100,000-25,000/115,000-40,000 = 1
Question 11:
Based on the following diagram, what is the total duration of the project?
15
17
22
21
15Correct answer172221Overall explanationPath1) A-B-C-F-H= 14 Days, Path2) A-D-E-F-H= 16 Days, Path3) A-D-E-G-H= 17 Days
Question 12:
As a result of a brainstorming session, your team determines that the most likely Duration of an activity will be 8 days, the optimistic duration is 6 days, and the pessimistic duration is 16 days. What it the expected activity duration by Triangular distribution?
12 days
9 days
11 days
10 days
12 days9 days11 daysCorrect answer10 days
Overall explanationP+M+O/3 = 16+8+6/3 = 10 Days
Question 13:
For the week of July 15, you will report to management that your project has an EV of $7700 and a PV of $9600. What is the status of your project?
Ahead of schedule
Behind schedule
On schedule
Not enough information provided
Ahead of schedule
Correct answerBehind scheduleOn schedule
Not enough information provided
Overall explanationEV
Question 14:
You are working on a project to set up a call centre for your client. The duration of the project is two years. One year has passed, however, only 40% of the work has been completed against the schedule, which says that by now 50% of the work should have been completed. To date, you have spent 60% of the budget. What is the cost performance index of the project?
0.8
0.67
1.5
1.25
0.8Correct answer0.671.51.25Overall explanationIn the question, you have not been provided with the budget, therefore, let us assume that the project budget is “x”. Earned Value = 40% of the budget = 0.4x, Actual Cost = 60% of the budget = 0.6x, We know that the cost performance index = (Earned Value) / (Actual Cost) = 0.4x / 0.6x = 0.67
Question 15:
Your vice president asked you what the Estimate at Completion (EAC) will be for a small project you are working on. You were given a budget of $30,000, and to date you have spent $20,000 but only completed $10,000 worth of work. You are sure the future work will be accomplished at the planned rate. What is the EAC?
$60,000
$10,000
$30,000
$40,000
$60,000 $10,000 $30,000
Correct answer$40,000Overall explanationEAC=AC+BAC-EV =20,000+30,000-10,000 =40,000
Question 16:
You are starting with your team to map the schedule required for each task. You analyzed few tasks where: Task A had 5 days to complete, Task B had 3 days and follow task A Tack C had 2 days and follow task B, Task D had 4 days and follow tasks (A & B), Task E had 3 days and follow tasks (C & D), While having all tasks as FS relation you counted the float for task D which was:
1 Day
0 Days
3 Days
2 Days
1 Day
Correct answer0 Days
3 Days
2 Days
Overall explanationThe float of activity D is Zero, since this activity is on the Critical Path is : A - B - D - E
Question 1:
Halfway through the current iteration, the progress report reveals that the agile project is off track. The project manager didn’t expect that since he carefully sequenced and assigned all project work to meet the iteration goal. What should the project manager have done differently to avoid this issue?
Train the team on how to implement the agile approach
Encourage the team to record their progress using the reporting system
Set up a contingency reserve
Encourage the team to self-organize to ensure their buy-in
Train the team on how to implement the agile approachEncourage the team to record their progress using the reporting system Set up a contingency reserveCorrect answerEncourage the team to self-organize to ensure their buy-inOverall explanationSince he’s leading an agile project, the project manager should have empowered his team to be self-organized through handling iteration tasks selection and prioritization, rather than solely taking care of work sequencing and assignment. This ensures a high level of buy-in from the team. Encouraging the team to self-organize typically results in a highly motivated staff since it allows them to gain the autonomy to choose the most efficient way to accomplish their work (PMBOK 7th edition, page 249).
Question 2:
During a meeting with the sponsor, the project manager gets feedback on the latest prototype and commits to creating a revised version accordingly within three weeks. Which of the following development approaches is the project manager using?
Predictive
Incremental
Agile
Iterative
PredictiveIncrementalAgileCorrect answerIterativeOverall explanationThe iterative approach uses successive prototypes or Proofs of Concept (PoC). Activities are repeated in cycles to produce more information and ideas to improve the product. In this scenario, the project involves a single delivery rather than a series of smaller deliveries. For this reason, incremental and agile development approaches should be eliminated (Agile Practice Guide, page 18).
Question 3:
A PMO is shifting from a predictive to an adaptive approach for delivering the organization’s projects. For this purpose, concerned employees are undergoing agile training. During one of the training sessions, a participant wonders how many people a project team should include. What is the appropriate answer to the participant’s question?
1 to 5
3 to 9
10 to 15
There is no standard number
1 to 5Correct answer3 to 910 to 15There is no standard numberOverall explanationIt’s recommended that an agile team should include 3 to 9 members. Since the level of communication deteriorates as the team size increases, Agile organizations favor smaller teams. For instance, it’s better to have two teams of five people than one team of ten.
Question 4:
No matter what type of project they are managing or what type of challenges they might face, an agile project manager should make sure that the cross-functional team is always focused on:
Delivering frequently
Planning accurately
Improving quality
Delivering value
Delivering frequentlyPlanning accuratelyImproving qualityCorrect answerDelivering valueOverall explanationDelivering value should always be the agile team’s top priority as it represents one of the agile manifesto principles: “working software over comprehensive documentation”. From the client’s perspective, value represents the benefit derived from using a product or a service.
Question 5:
An organization hires an external agile coach as part of its transformation project. In their final report, the agile coach mentions that measures should be taken to enable agile teams to be cross-functional. What does a cross-functional team mean?
Individuals who collectively determine the best way to accomplish the goal of the sprint
Individuals who take part in guiding the product direction
Individuals who possess the necessary skills to produce a functioning product
Individuals who are in charge of authorizing and releasing work assignments
Individuals who collectively determine the best way to accomplish the goal of the sprintIndividuals who take part in guiding the product directionCorrect answerIndividuals who possess the necessary skills to produce a functioning productIndividuals who are in charge of authorizing and releasing work assignmentsOverall explanationA cross-functional team must possess the necessary competencies for creating a product or a service independently, without relying on other members outside of the team. On the other hand, a self-organizing team is when individuals collectively determine the best way to accomplish the sprint goal.
Question 6:
A project manager is leading an Agile project where the team works in a continuous flow rather than using iterations. This approach proved to be less prescriptive and disruptive to the team. Which Agile framework is the project manager using?
Scrum
Adaptive
Incremental
Kanban
ScrumAdaptiveIncrementalCorrect answerKanbanOverall explanationThe Kanban method involves pulling work into the system only when the team is capable of handling it. The Kanban method prioritizes productivity and efficiency through its workflow approach. Unlike the Scrum team, a Kanban team does not have predefined roles.
Question 7:
A project manager is in the stage of selecting a development approach for a new project. Which of the following reasons will encourage the project manager to choose an adaptive approach over a predictive one?
Change requests go through the organization’s change control process
Change requests are used for frequent planning
Change requests are automatically approved
Change requests are implemented as soon as they have been received
Change requests go through the organization’s change control processCorrect answerChange requests are used for frequent planningChange requests are automatically approvedChange requests are implemented as soon as they have been receivedOverall explanationUnlike the predictive approach which requires change requests to go through the organization’s change control process, the adaptive approach welcomes changes and uses them for frequent planning. During each iteration, the team focuses on producing a subset of the product’s features, while continuously refining and reprioritizing the product backlog items to meet new or modified requirements. This means that change requests are not automatically approved; instead, they are discussed with the product owner first, and then they get prioritized in subsequent iterations as per their recommendations.
Question 8:
For their new outdoor fitness park project, the project manager uses an approach that yields frequent smaller deliverables throughout the span of the project. What type of project development approach are they using?
Predictive
Incremental
Iterative
Agile
PredictiveCorrect answerIncrementalIterativeAgileOverall explanationThe incremental approach focuses on the speed of delivery, i.e., fast delivery. In this type of development approach, the project is divided into increments which are successively delivered to avoid waiting for everything to be completed in order to create a solution (PMBOK 7th edition, page 241). In this scenario, the project manager didn’t ask for feedback to adjust deliverables. Hence, the iterative approach can’t be the correct answer. Since Agile = incremental + iterative, then Agile can’t be the right answer either.