Final Exam

You are completing one of several projects. The customer has already accepted the deliverables. You have collected a large number of documents for the lessons learned. What will be included in the outputs of the closing documentation?
Termination documents
Process improvement plan
Stakeholder register
Scope management plan
You are working on a new public building and are reviewing the stakeholder register. It contains over fifty people and organizations. Managing the stakeholder expectations on an individual basis will be very impractical. What should your next step be?
Prioritize the register by influence and interest.
Drop non-key stakeholders from the list.
Stakeholder management is not possible on large projects so do not do this process.
Outsource the management of non-key stakeholders.
Your team has been told that they will be audited by an outside quality management firm and they are concerned. What do you tell them?
Quality audits are to look for inefficiencies in the company's policies.
The customer wants to know what the company's policies are.
Quality audits are a part of a proposed ISO 9000 program.
Check that the project costs are accurate.
After having a meeting with a number of internal stakeholders, the project assistant needs to update the lessons learned and note what the stakeholder feedback was. These are examples of which stakeholder management output?
Organizational process asset updates
Project documents updates
Issue log
Change requests
Managing stakeholder engagement includes all but which of the following?
Manage successful procurement so the stakeholders are satisfied.
Address current and future concerns of the stakeholders.
Obtaining stakeholder commitment to the success of the project
Manage stakeholder expectations.
The multi-year project you have been managing has been going well and is under budget and only slightly behind schedule. Your sponsor approaches you and tells you that market conditions have changed and the company has decided that the project will be terminated. What should your next step be?
Begin the project close process.
Complete what work you can.
Tell the sponsor that you are confident that since your project is doing well that it can still succeed
Contact the client to find out if they will continue funding the project.
The vendor you are working with is proposing different contract types. Which of the following contracts involves the most amount of risk for you?
Cost plus percentage of cost
Fixed price
Time and materials
Unit price
You are gathering information for a regular update on the project for the stakeholders. What will you not need?
Project information management system
Communication management plan
Work performance reports
Organization process assets
Your team is reviewing a graph which shows a bar chart listing the most recent quality problems and their frequency. You are in what process group?
Control quality
Plan quality
Scope management
Control risk
Enterprise environmental factors are a part of the Develop Project Charter process. Which of the following is an enterprise environmental factor?
Marketplace conditions
Maslow's hierarchy of needs
Lessons learned
Expert judgement
The building has passed the final fire inspection. What should the next step be?
Update the stakeholder register and mark the fire warden as no longer involved.
Update the stakeholder register and add the fire warden.
Update the human resource management plan and remove the fire warden.
Update the procurements documents and close out the contract.
The quality standard for the parts needs to be 4 inches. A sample of parts is 4.33, 4.29, 4.34, 4.31 and 4.30. What can be said about the parts?
They are precise but not accurate
They are accurate and precise.
They are not accurate nor precise.
They are accurate but not precise.
Which of the following Quality tools determines the possible causes of potential problems?
Fishbone diagrams
Control charts
Pareto diagrams
Flowcharts
Your global team is working on a series of quality tests. You are sharing the results of the test through an company online database. However, you want a quick means of checking if the tests have been completed. You request that your team use which of the following?
A checklist
A control chart
A flowchart
The WBS for the project
A change request by a key stakeholder has been rejected by the change control board. The next action that the project manager needs to take is which of the following?
Document the result of the change request.
Tell the stakeholder better luck next time.
Advise the change control board to document the approval process before the next meeting.
Ask the change control board for the reason why the change was rejected.
A Cost Plus Incentive Fee (CPIF) Contract has the following parameters: Target Cost = $300,000 Target Fee = $30,000 Target Fee = $30,000 Share Ratio = 75/25 %
315000
335000
295000
295000
George is reviewing the latest risk assessment and notices one particular positive risk is becoming more likely. If it does happen, he can save 5% of the reserves set aside for that portion of the project. George is evaluating which of the following?
Reserve analysis
Work performance data
Contingency reserves
Technical performance
Ginny is reviewing the next month on her project and sees that there will be a delay later on in the project but she has the authority to crash the project now to prevent the delay. Ginny is planning on which of the following?
Call in her entire team to work overtime for the next few days.
Accept the delays as being inevitable.
Reschedule the steps that will cause delays later on.
Start the other steps of the project to run in parallel with the current work.
The chief medical officer is asking for a risk report on a new ICU system. He needs a report on the identified risks and prioritized in probability and impact. Which risk analysis technique needs to be performed to provide him with the appropriate information?
Qualitative risk analysis
SWOT analysis
Quantitative risk analysis
Expert judgment
The company is being bought out and the project that was just started has been terminated. What should the next step be by the project manager?
Begin the close project process.
Review the project charter as the details for the buyout are contained there.
Review the project management plan for closing the project.
Begin filing all of the documents as part of lessons learned.
The senior project manager for your company’s review meeting is out and you have been asked to run the meeting for the senior directors of the company. While researching the project reporting data from the company database, you discover there are two projects that are reporting a negative CV, but the master report shows these as a positive. You look into this and discover that some values had been mistyped when entered in by the department coordinator providing an inaccurate measurement. What do you do?
Change the status report to show accurate status and report the discrepancies to the appropriate management.
Change the report to show accurate status
File a complaint with the CFO about the inaccurate values.
Ask the senior project manager about the discrepancies when he returns.
The software portion of the project is running a couple days behind schedule. It is not on the critical path. The initial resource was supposed to be a senior developer, but he was not available. He has now become available. What is the best course of action?
Arrange a proper handover from the person working on it now to the senior developer.
Crash the project
Fast track other activities
Submit a change request to change the schedule.
While closing out a particularly complex set of procurements, the project manager asks the author of the contract to help him with reviewing the procurement process to identify success and failures. This is known as what?
Procurement audit
Procurement negotiations
Procurement closure
Control procurements
While negotiations are important for the project manager, what is the best statement regarding a project manager's role in negotiations?
The project manager should be available to provide assistance and any needed information.
Take the lead
The project manager should let the organizations purchasing department handle all negotiations.
The project manager needs to review all procurement documents to make sure they meet all the legal requirements.
Your organization wants to train a group of people for the PMP exam. There are a number of qualified training companies in the area, but your organization prefers to work with the closest company. This is an example of what?
Single source
Sole source
Illegal selection
Qualified vendor list
Your project has an initial budget of $100,000. A couple of months into the project you perform a budget analysis. You should have spent $50,000 and 100 hours on the project. Upon review, you discover that $60,000 has been spent and that 110 hours have been completed which should have cost $45,000. You reevaluate the remaining work to be done and your new budget is $120,000. What baselines must be changed?
Cost baseline
Scope baseline
Schedule baseline
Cost and schedule baselines
A schedule activity may begin 10 days before the predecessor activity finishes. This is an example of which of the following?
Finish-to-Start
Start-to-Start
Finish-to-Finish
Start-to-Finish
After making some approved changes on your project, your team wants to compare the results to the company's standard tests. This process is known as what?
Benchmarking
Controlled run
Design of experiments
Flowcharting
It has been determined that you will need to purchase widgets that will be used to produce part of the final product. While creating the procurement management plan, you have to identify a list of pre-qualified sellers based on the historical information from prior projects. What source will have the best information for this list?
Organizational Process Assets
Contracts
Enterprise Environmental Factors
Teaming agreements
Mike has actively been working with some stakeholders who were negative about the project during the planning phase. However, now that the project is being actively worked on and some demonstrations have been made, a few of these people have become supportive of the project. How should Mike manage their expectations now?
Update the stakeholder register so that they are now listed as supporters and now manage them as supporters.
Do nothing as they have been identified as resistant to the project.
Remove them from the stakeholder management plan since they now support your project.
Update the stakeholder register so that they are now listed as supporters, but keep managing them as if they are still resistant to the project.
The high-level boundaries of a project are defined in
Project charter
Project management plan
Requirements management plan
Project scope
The new intern is reviewing the stakeholder management plan. He wants to understand why the change log of the project is required for managing stakeholder engagement once the project is underway. You explain to him which of the following?
The change log updates project changes to the stakeholders.
The change log updates communications to the stakeholders.
The change log updates the stakeholder register.
The change log is used to update changes to the stakeholder contact information.
The team is reviewing the requirements tractability matrix while validating the scope. What is this used for?
This links the various requirements to their origin and tracks them through the project.
This links the team members to the individual requirements and tracks who is responsible for them.
This links the project resources to each work package.
This links the requirements to the assigned stakeholders and which stakeholders are requesting the requirements.
The virtual project team consists of people located in the seven different countries. What will be the the most critical tools for a successful project?
Well defined communications and people skills
Videoconferencing equipment
Research on cultural differences
Good translators
You are approached by a key stakeholder who offers you a promotion if you delay the project by a few days. What is your best response?
Inform him that you are unable to do that.
Review the project schedule to see if the project can be delayed.
Report the key stakeholder to PMI.
Submit the request as a change request.
You are going to be negotiating the contracts in the next few days. What is your main objective with the negotiations with the seller?
Creating and maintaining a relationship so that the project suceeds.
Getting the lowest price so the project is under budget.
Make sure that the seller agrees to all of the details of the contract.
Getting each seller to compete for the business so you get the best terms.
Your quality team is not satisfied with the work of the vendor and has rejected the deliverables. You need to do which of the following with the seller?
Request that they rework the parts to the desired tolerances.
Close contract and write a new contract to perform the rework.
Submit a change request.
Terminate the contract.
Your team is reviewing a graph which shows a bar chart listing the most recent quality problems and their frequency. You are in what process group?
Control quality
Plan quality
Scope management
Control risk
After watching Steve give a progress report, the senior project manager tells him that he needs to attend a communication skills class. Steve says that he planned the presentation in detail and asks what the difference is between communication skills and communication management?
Communication skills are techniques while communication management is a plan.
Communication skills are a subset of the communication plan.
Communication skills are a plan while communication management is a tool.
They are the same thing.
Monte Carlo Analysis is a tool and technique of?
Quantitative Risk Analysis
Point of Total Assumption
Earned Monetary Value Analysis
Benefit Cost ratio
The new project manager is concerned about what part of the project he should focus on the most once he is in the direct and managing . His mentor tells him that he should focus and spend most of his time on which of the following?
Communicating with the team and stakeholders
The project management plan
Preventing scope creep
Managing the team
The Work Breakdown Structure and WBS dictionary comprise which baseline?
Scope baseline
Stakeholder baseline
Risk baseline
Time baseline
You are in charge of a new cleaning service project. You have an initial list of tasks and requirements including developing contracts, the advertising campaign, initial training and the ordering system. The management office wants an initial budget so they can authorize the funds for each part of the project. Your next step should be which of the following?
Create a detailed WBS.
Set up a meeting with the accounting department to discuss what they can authorize.
Give an estimate based on a project in a different field.
Develop a scope statement so the project is defined.
Your team is working on a new project and will require training on the new equipment. This training is known as what?
Cost of quality
Cost of good quality
Contingency reserves
Cost of poor quality
Despite detailed planning, a negative risk event occurred. The production of a critical part was delayed by several weeks. What is the best thing that the project team can do next?
Create a work around
Create a risk management plan
Accept the risk and create a new risk strategy
Update the project scope
Shelly has been working very diligently with one of the stakeholders. Initially, the stakeholder was not in favor of the project when first informed. After the last meeting, the stakeholder is receptive to the project. Shelly refers back to her stakeholder engagement assessment matrix and marks the stakeholder as which of the following?
Supportive
Unaware
Leading
Neutral
The project manager is planning to have an internal team create a website for the project so that stakeholders can review the progress of the project. This is what type of communications?
Pull
Interactive
This is not an appropriate form of communications for the project.
Push
What is the main benefit of developing a project management plan?
It creates a central document that defines the basis of the project work.
It creates the project charter.
It contains all the the subsidiary plans.
It manages the project scope.
You get an urgent call from a manager on the electrical portion of the project. He has not received a progress report for the last two weeks. You email him a copy right away but what should you do next?
Check the email that you used and compare it to the communications plan.
Submit a change request.
Update organizational process assets.
Update project documents.
During a team quality meeting, it is discovered that some of the parts failed quality control. These parts were scrapped and production was stopped. After the root cause of the problem was discovered, the project manager issued a change order to fix the defective manufacturing machinery. After this repair is made, the remainder of the parts met the required quality standards. The repair to the machinery is an example of which?
A corrective action which is performed during the Direct and Manage Project Work process.
An unauthorized action which is needs to be approved of during the Monitor and Control process.
A defect repair which is performed during the Direct and Manage Project Work process.
Gold plating, since the parts exceeded the quality standards.
Susan is running a project that has a number of stakeholders who have serious conflicts on the project. These stakeholders keep trying to expand or reduce the scope to suit their own requirements. She is realizing that minimizing scope creep through a well administered change control process will have a positive effect on the project. What is an input to integrated change control?
Work performance reports
Lessons learned
Change control system
Work performance measurement
The project team has run into a major problem and are waiting for the quality control results to evaluate the situation. However, team members are bickering amongst themselves and placing blame on the manager who was in charge of risk management. The project manager needs to resolve the situation temporarily by which conflict management method?
Withdraw/ avoid
Smooth / accommodate
Force / direct
Collaborate / problem solve
Which of the following human resource theories states that human beings have basic needs and that people need to meet lower-level needs before they can move onto the next level of needs?
Maslow's hierarchy of needs
Maslow's motivation theory
McGregor theory X and Y
Ouchi theory Z
You have taken over as project manager for an in flight project to install an automated baggage handling system in a major international airport. There are 9 teams of people ranging in size between 3 and 15 people per team and the logistics of understanding what everyone on the project is responsible for seems completely overwhelming to you. You know as a good project manager that the roles of project team members are best understood by using which of the following?
Responsibility Assignment Matrix (RAM)
Requirements Traceability Matrix (RTM)
Precedence Diagramming Method (PDM)
Work Breakdown Structure (WBS)
A project team consists of all but which of the following
Competitors
Subject matter experts
Customer
Sellers
Due to a problem in shipping, some parts for a project have been received after a substantial delay. The team member has now finished the assembly of the product and the project is in danger of running late. What should be done next?
Check that the final product meets quality requirements.
Review the assembly procedures for quality assurance.
Let the customer know that the product is finished and is ready for them to approve.
Have the customer approve the final assembly.
During the weekly progress meeting, the client has asked about a design change. After reviewing the request with his senior team members, the project manager has determined that even with crashing the project, the project will fall behind schedule. The project manager should do the following step next?
Inform the client of the impact.
Inform the sponsor of the impact and let senior management decide.
Submit the change request to the change control board.
Submit the change request to the project planning committee to being allocating resources to start the change as soon as possible.
In which procurement management process is the actual awarding of a contract to the seller done?
Conduct procurements
Control procurements
Claims administration
Implement procurements
Stakeholders can be identified during which process group of the project?
Initiation, Planning, Executing, and Monitoring and Controlling
Initiation
Initiation, Planning, Executing, Monitoring and Controlling, and Closing
Initiation and Monitoring and Controlling
The budget for your project was based on historical data and you discover that the cost would be less than what your contingencies would allow for. You have determined that the approved budget will need to be increased but you are aware that another critical project just gained approval. Your next action should be?
Start a change request.
Ask the CFO for additional funds during the weekly budget review.
Meet with the project sponsor.
Utilize the project’s contingency fund.
The head of the team reviewing risks brings his documentation that lists all of the identified risks in a hierarchical fashion. This is known as what?
Risk Breakdown Structure
Risk register
Work Breakdown Structure
SWOT analysis
The project manager needs to be aware of changes. In addition, the project manager should also do what?
Prevent unnecessary changes
Tracking and recording changes
Informing the CFO of changes
Add changes to the lessons learned
The quality control team and the scope validation group, which includes a team member of the client, are working on control quality and scope validation at the same time. A team member objects to this stating that they are two different processes. What is the next best course of action?
Performing both in parallel is a reasonable practice.
The quality control team should wait until the deliverables have passed the scope validation team.
There is no need for a client member on the scope validation team.
The scope validation team should wait until all the deliverables have passed the quality control team.
The team is reviewing the process control charts and is concerned about a run of six consecutive points that are above the mean measurement. The quality manager says that the process is out of control and these tests will need to be done over again. This will cause extra costs that were not anticipated. What is the next best step?
Close out the tests as the process is not out of control.
Submit a change control to audit the process.
Discuss the situation with the project manager to get his approval to run the tests again.
Submit a proposal to run the tests using contingency reserves.
Which information in the scope baseline is used as an input in Plan Quality Management?
Project scope statement within Scope baseline provides definition of acceptance criteria, which may influences increase or decrease quality costs and project costs.
Scope baseline documents the accepted time interval being used to measure cost performance
Scope baseline provides detailed information on WBS elements
Scope baseline provides schedule performance measurements including Start and finish dates
Which of the following is the most commonly used contract and most advantageous to the buyer?
Firm fixed price
Fixed price with economic price adjustment
Cost plus incentive fee
Time and materials contract
You are a project manager working for a pharmaceutical firm and the project you have undertaken is very critical for the client's business. Your development team is diligent and performs the tasks with a high degree of quality. You generate periodic performance reports and share it with upper management and they are happy with the progress of the project. Due to a business constraint, the client calls you in and explains that the project needs to go 'Live' a full two months earlier than it was originally scheduled to in order to help them remain competitive in the market. As a project manager, which of the following is the BEST thing to do to complete the project according to the new schedule?
Meet with the development team and explore options of schedule compression on the critical path
Report the conversation you had with the client to your supervisor
Inform the client that the initial agreed date of project delivery cannot be changed
Inform upper management that the activities of the project are on critical path and the project cannot be finished faster
You have been asked to provide a budget estimate. However, you are having extreme difficulty coming up with a basis for the estimate. What is a likely reason for your difficulty?
The project scope is poorly defined.
Company policy and government regulations.
Outside contractors are not providing accurate estimates.
Poor historical records from previous projects.
Your company's key project was delivered on time and on budget. You are finally closing out the procurements. One of them was a cost-reimbursable contract. What do you need to do first?
Audit the procurements from all vendors.
Evaluate the work.
Update the procurement documents.
Audit the procurements from this one vendor.
Your project team is working on a Stakeholders Engagement Assessment Matrix. The project sponsor asks what this is used for and you explain which of the following?
The Stakeholder Engagement Assessment Matrix helps determine communication gaps.
The Stakeholder Engagement Assessment Matrix helps identify new stakeholders.
The Stakeholder Engagement Assessment Matrix identifys the roles and responsiblities of the stakeholders.
The Stakeholder Engagement Assessment Matrix identifys the hierarchy of the stakeholders.
A manager in your project has changed and the new person is requesting a progress report. Which tool should you direct your staff to use to provide this for him?
Information management system
Change request
Organizational process assets
Communications management plan
Chris is working on the schedule for a construction project. He sees that on day 30, painting can begin while the drywall is being finished. This is known as what?
Lead
Lag
Crashing
Fast tracking
How often may scope validation occur?
Multiple times
Once at the end of the project.
Each time the deliverables are verified.
When the customer asks for them.
Quality audits result in all of the following except which?
Verify the deliverables.
Share good practices in similar projects in the organization or industry
Identify good and best practices being implemented.
Highlight contributions of each audit in the lessons learned repository in the organization.
The construction manager is reviewing the activities for some repair work. The weather reports that there may be rain in the morning. She realizes that she will need to account for some minor weather delays. This is known as what?
Mitigation
Lags
Padding
Leads
The project management plan contains the baselines for all but which of the following?
Life cycle
Schedule
Cost
Scope
The team has been running into frequent problems and the current planning meeting has been going very poorly. One team member accused another of not providing the agenda for the meeting on time and the meeting erupted in shouting and negative behaviors. What is not being adhered to?
Rules for controlling behaviors in meetings.
The right purpose for the meeting.
The lack of a timely agenda.
Common courtesy.
Victoria is collecting the requirements for the project scope and a key stakeholder asks to include a requirement which was denied in the charter. What should she do next?
Tell the stakeholder that the requirement was denied while developing the project charter.
Discuss the request with the project sponsor.
Since this is a key stakeholder, the request should be added.
Submit the requiement as a change request.
Who should be in charge of the project during the executing process?
The project manager
The functional managers of the team members
The key stakeholders
The project sponsor
You are working on a construction project in a different country and on a tight schedule. The city manager informs you that due to a local holiday you will need to pay an additional fee for the needed road closure that day. What do you do next?
Pay the fee.
Delay the project to avoid paying the fee
Do not pay the fee because it was not included in the budget.
Do not pay the fee since this is a bribe to the local city officials.
Your project is behind schedule and the decision to contract out some of the work has been made. In the past you have worked with ABC Contractors on smaller projects and want to use them. What should be a concern?
ABC Contractors qualifications
Selection criteria
Bidder conference
Make or buy decision
Daniel is reviewing the steps in the Direct and Manage Project work process and what items need to be updated for the next steps will be included as an output to this process. The outputs updated documentation will include all but the following:
Approved change requests
Project management plan updates
Project documentation updates
Change requests
Risks need to be examined for their probability, impact and either gain or cost. What term describes an organization's willingness to accept risk?
Risk appetite
Risk register
SWOT
Risk threshold
The project manager informs the team that they need to plan how to implement the quality policy. If this plan changes, which plan will also have to change?
Quality management plan
Project management plan
Risk management plan
Quality control plan
What is the best definition of contingency plans and workarounds?
Recommended corrective actions
Recommended preventative actions
Change requests
Risk controls
You are working within an organization where the power and decision making ability rests completely on the shoulders of the Project Manager. In this type of organization the funding for the project is acquired by the:
Sponsor
Senior Management
Project Manager
Portfolio Manager
A project has a CPI of .9 and a SPI of .78. Of the following, what is the best explanation for this occurring?
The critical path took longer and cost more than expected.
The client requested minor scope changes.
The critical path took a shorter time and was cheaper than expected.
The client cut the scope.
In the monthly financial report, you see the following information: CPI =1.1, SPI=.9, PV=$500, SV=-$200. You cannot find the CV so you need to calculate it. What is the CV?
41
409
450
300
The cost of quality is the cost to produce the product with the quality standards in the project. There are three costs of quality, which of the following is not among them?
Actual costs
Prevention costs
Failure costs
Appraisal costs
The team is divided between three approaches to solving a problem and there is a lot of discussion about the methods. A couple of members are arguing on the side but no one is upset, just very passionate about their viewpoint. The project manager should do which of the following?
Identify the causes of the conflict and actively manage the discussion.
Call the meeting to order and select the solution he believes is best.
Close the meeting and allow everyone to calm down.
Allow the argument to continue and just watch.
You and your assistant are working on a chart to present to management about the allocation of resources during the first two months of a four month project. What is the best tool to do this?
Resource histogram
Schedule management plan
Project organization charts
RACI Matrix
Your project is required to replace and install two new windows in each of the rooms of a 200-room office building. The layout of the rooms and the size of all the windows throughout the office building are all the same. The installation crew that you are managing can install 8 windows per day. Your project budget is $100 per window. You are 22 days into the project and you have spent $19,500.00 and have installed 160 Windows. Working under the assumption that work will continue at the same rate until the end of the project you calculate Estimate at Completion (EAC) and determine it to be?
48780
32800
44420
39350
A project manager wants to more extensively involve the stakeholders on the project. Which is the best way to do this?
Hold stakeholder meetings to review the project requirements
Send the status report to the stakeholders every Friday.
Invite the stakeholders to the daily project team standup meetings.
Constantly update the stakeholders on the status of all project changes in a memo
In which process, are all the requests for changes to the project documents, baselines, and the approval and rejection of those change requests are handled?
Perform integrated change control
Control change requests
Validate change
Monitor and control project change
The general contractor project manager has made a decision to handle everything but electrical work on the contract. He is working on selecting an electrical contractor. His procurement department has given him excellent advice but has been very difficult to reach due to their focus on another project. What type of contracting department is the project manager working with?
Centralized contracting department
Unorganized contracting department
Decentralized contracting department
Standard contracting department
The team is preparing for a quality assurance audit and they are gathering the materials for this. What do they need?
Quality control measurements
Deliverables
Change requests
Quality audit
You are a project manager for XYZ. You are working on a project to expand the manufacturing capacity for your department. The construction of the new facility will be outsourced to ABC. Who approves the project charter for this project?
The project sponsor at XYZ.
The project manager at XYZ.
The finance department at XYZ.
The project sponsor at ABC Inc.
Your project team is reviewing the work completed so far by a key vendor. The vendor's project manager has brought in documentation on lessons learned so far in order to identify key performance indicators. What is the activity you are currently performing?
Procurement performance review
Inspection and audit
Claims administrator
Change requests
Bill is working on making a list of assumptions for the project charter. Why is this list important?
Assumptions are a tool of risk identification.
Assumptions allow the project team to have a baseline to work with.
If anything goes wrong, this list provides accountability.
Assumptions limit the project team on what decisions they have to make.
For the project the earned value (EV) = $350. The actual cost (AC) = $280. The planned value (PV)= $500. The total project budget is $1,000. Assume the original estimate was flawed. Your development team has given you a new estimate for the remaining work of $1,200. What is the project’s estimate to complete (ETC)?
1200
1480
800
930
Philip is interning as an assistant to the project manager, Cindy. Cindy has tasked Philip to prepare the initial steps for putting the budget together. Philip asks what the definition of the budget is. Cindy tells him which of the following?
The process of aggregating the estimated costs of individual activities or work packages to establish an authorized cost baseline.
The process for developing an approximation of the monetary resources needed to complete project activities.
The process of monitoring the status of the project to update the project costs and managing changes to the cost baseline.
The process that establishes the policies, procedures and documentation for planning, managing, and controlling project costs.
The buyer has completed the purchase and Sue is putting the final documents into the closed procurements file. These include the procurement file, lessons learned and the formal acceptance letter. These are part of which of the following?
Organizational process assets updates
Procurement audits
Enterprise environmental factors
Procurement documents
The project is beginning to fail and the project manager needs to deliver the news. What should the project manager do to inform the PMO office?
Put the information in the context of the project progress.
Inform them as late as possible
Inform the customer first.
Tell a joke
The Risk management plan is an input to all of the following processes EXCEPT
Plan schedule management
Identify risks
Perform qualitative risk analysis
Plan risk responses
Tim's project team is classifying direct and indirect project costs. Which of the following is a direct cost?
Utilities for the team's office at the construction site.
B and C
Utilities for the team's office in the home office.
Workman's compensation insurance for the team.
Which of these tools is the best to use as part of a quantitative risk analysis to identify how a project can finish on schedule if delays occur?
Monte Carlo analysis
Reserve analysis
Brainstorming
Delphi technique
You are the project manager for a construction company with a budget of $300,000 and two months into the project, you find that there have been several changes in the project and you re-estimate that the project will cost additional money. If the Earned value to date is $175,000 and the costs incurred are $225,000 calculate the estimate at completion (EAC)?
385000
406650
396960
391830
Your organization requires that you obtain three estimates from outside professional organizations and one from the PMO before starting negotiations. This technique is known as what?
Independent estimates
Expert judgement
Proposal evaluation techniques
Bidder conference
An example of a 'Pull communication' method is
Knowledge repositories
Press releases
Meetings
Video conferencing
At the end of the quality audit, all but which of the following are updated?
Approved change requests
Project management plan
Project documents
Change requests
One of the inputs to the plan the risk management process is the stakeholder register. What is the best reason this is needed in planning for risks?
The stakeholder register allows the project manager to see what the roles are of each stakeholder.
The project manager can interview the key stakeholders of risks that they are aware of.
The project manager can determine who is the riskiest stakeholder.
It helps the project manager know how to identify the stakeholders who could close the project if their risks are not addressed.
Peter is the project manager for XYZ Corporation. They are finishing up work for their client, ACME Tools. There are some leftover funds from the project and ACME asks Peter to complete some optional requirement to utilize the funds. Peter needs to do what first?
Gain approval from the change control board to complete the work.
Deny the work since this is additional work not in the contract.
Work with his legal team to write an addendum to the existing contract.
Write up a new contract with ACME.
The printing project is running two days behind schedule and in order to catch up, the team has agreed that editing the document can start a day earlier than planned. This is adjusting which of the following?
Lag time
Compressing the schedule
Fast tracking
Crashing
The project has been suffering from a variety of problems in reporting work performance data back to key stakeholders. These stakeholders are getting the reports but they have all complained that the data has been confusing. The project manager should start implementing which of the following?
A quality audit to review the reports that the stakeholders are getting against the reports specified in the quality management plan.
A Monte Carlo analysis of the situation.
A scatter diagram to determine who is affected.
A fishbone diagram to get to the root cause.
There are three tools in directing and managing the work. Which if these is not one of these tools?
Work performance data
Meetings
Project Management Information System
Expert judgement
Tim is the project manager of a bridge project. He has several civil and mechanical engineers working for him. They are reviewing several documents to create the scope. Which document will they not need to plan the scope?
Risk management plan
Project charter
Regulations on bridges for the location
Detailed requirements
You are managing a project that involves a new website. If you build the website, it will cost $240,000 to build and $9,000 per month to maintain. If you go to an outside vendor, it will cost $180,000 to build and $14,000 to maintain. What is your best option?
You should buy the website if it will be used less than 12 months
Build the website because you have more control.
Buy the website since it is more effective to give it to an outside vendor.
You should buy the website if it will be used more than 12 months
You are taking over as project manager for an existing project which is about a third complete. You are currently examining all of the scope change requests when you realize you are missing a document to assess how much the project scope has changed. What document do you need?
Work Breakdown Structure (WBS)
Project charter
Scope management plan
Project management plan
A series of approved changes have been made and your team is making sure that all of the approved changes are now in place and working as expected. They are engaged in what activity?
Quality audit
Process analysis
Process improvement plan
Quality assurance
Cindy is working with the Chris, the project manager, on the cost planning process. He wants to know what the estimates are that the team has recommended for both contingency reserves and management reserves. She asks him what the differences are. He tells her what?
Contingency reserves are estimates to cover costs for known-unknowns while management reserves are to cover unknown-unknowns.
Management reserves are estimates to cover costs for known-unknowns while contingency reserves are to cover unknown-unknowns.
Contingency reserves are padding for parts of the project while management reserves are padding for the entire project.
Management reserves are set to be a percentage of the total project cost while contingency reserves are used to cover expenses for the project manager.
Decomposition is a tool and technique of which two Project Management Processes?
Create WBS and Define Activities
Develop Project Charter and Identify Stakeholders
Perform Quality Assurance and Control Quality
Define Scope and Collect Requirements
Jim is reviewing costs on the project. What costs would not be classified under cost of non-conformance?
Quality assurance costs
Warranty costs
Scrap costs
Rework costs
Quality audits result in which one of the following:
Improved processes to increase productivity
Efficient designs of experiments
Meeting customer requirements
Improved deliverables
Scheduling tools include network diagrams for illustrating activities. However, bar charts are used best for which illustrations?
Progress or status
Critical path
Correlation between two variables.
Logical relationships
The initial schedule baseline is set so that the technical writers should start working on the manual three days after the final audit is complete. After a status report, the writers ask if they can start writing the day after the audit due to a national holiday. The team is requesting which of the following?
Decrease the lag time.
Decrease the lead time.
Increase the lead time.
Increase the lag time.
The project manager announces to the team that the deliverables are now accepted. What is the best explanation for this?
The customer has formally signed off and approved the deliverables.
The customer has verified that the deliverables meet the acceptance criteria.
The quality control team has formally signed off and approved the deliverables.
The quality control team has inspected the deliverables and they are ready for acceptance.
The project manager is closing out a major purchase and has the procurement documentation. What else does the project manager need to complete the close this out?
The project management plan.
Project deliverables.
The records management system.
He needs to waits until the rest of the procurements are ready to close out.
The team is working on examining parts that are near to failure. They are looking for the best possible tool to determine if ten different measurements have passed or failed the inspection process. What is the best tool for this?
Checklist
Quality metrics
Benchmarking
Statistical sampling
What are the main reasons for the conduct procurement process? C128
Obtain seller responses, select a seller and award a contract.
Document project decisions, specify the approach and identify potential sellers.
Completing each procurement and performing the necessary administrative tasks.
Maintaining procurement relationships, verify contract performance, and make necessary changes to contracts.
What is the difference between programs and portfolios?
A program is a group of related projects managed in a coordinated way to obtain benefits that would not be available from managing them separately. Portfolios are projects, programs and operations managed as a group to achieve strategic objectives.
Programs are unrelated projects managed together to obtain strategic value. Portfolios are related programs managed to obtain benefits that would benefit from being managed as a group.
Programs are projects that are established by the PMO office, while portfolios are established by the C-suite officers in coordination with the company’s board of directors.
A portfolio is a group of related projects managed in a coordinated way to obtain benefits that would not be available from managing them separately. Programs are projects, programs and operations managed as a group to achieve strategic objectives.
You are beginning the development of a risk register and the intern you are working with asks what it is. You explain that a risk register is which of the following?
It is a document where the results of risk analysis and risk response planning are recorded
It is a part of the Project Management Information System.
It is a document where negative risks and the risk response plans are recorded.
A checklist to avoid all risks.
You are working on a large project with eight virtual teams. Each team has six members with one serving as a lead. Each team is collocated. You are looking for who is responsible for a certain portion of the project. What document do you need to reference?
Responsibility assignment matrix
Resource histogram
Organization chart
WBS
You can use the formula EAC-AC to calculate
Bottom-up ETC
Total variance
AV
Variance at completion
Your quality team is not satisfied with the work of the vendor and has rejected the deliverables. You need to do which of the following with the seller?
Request that they rework the parts to the desired tolerances.
Submit a change request.
Terminate the contract.
Close contract and write a new contract to perform the rework.
All of the following are part of the direct and manage project work process except?
Create the WBS
Meetings
Using the WBS
Project management plan updates
Once the project baselines are created, they may be changed by only what?
When a change request has been approved through the Perform Integrated Change Control process.
When a change request is submitted.
When a change request has been approved by the project sponsor.
When a change request has been approved by the project manager.
The output of identifying stakeholders is which of the following?
Stakeholder register
Enterprise environmental factors
Power / interest grid
Stakeholder analysis
There are three baselines that project performance is measured against. Which of the following is not a part of the performance measurement baseline?
Risk baseline
Scope baseline
Schedule baseline
Cost baseline
You are informed that you will be taking over a poorly managed project. You discover that a charter was never written for this project. How you should proceed?
Work with the sponsor and develop a charter.
Continue without the charter.
Review the project to see if a charter is needed.
Complain to management about the lack of a charter.
Your time will be limited to spend with the stakeholders. Which stakeholder would be most important to work with?
The head of the department that will be using the product. He is not actively engaged in the project.
One of the users of the product who is resistant to it.
The lead designer of the project who is enthusiastic about it.
The project sponsor who you have worked with on the last three projects.
During the weekly risk management meeting, your team is reviewing a high risk situation. They realize that the original response will not work as planned if the risk occurs. What should the next step be?
Plan a new response.
Submit a change request.
Engage stakeholders
Change the risk register.
The building has passed the final fire inspection. What should the next step be?
Update the stakeholder register and mark the fire warden as no longer involved.
Update the stakeholder register and add the fire warden.
Update the procurements documents and close out the contract.
The quality control team and the scope validation group, which includes a team member of the client, are working on control quality and scope validation at the same time. A team member objects to this stating that they are two different processes. What is the next best course of action?
Performing both in parallel is a reasonable practice.
The scope validation team should wait until all the deliverables have passed the quality control team.
The quality control team should wait until the deliverables have passed the scope validation team.
There is no need for a client member on the scope validation team.
Which of the following is used as an important tool and technique while developing a project charter?
Facilitation techniques
Project management information systems
Analytical techniques
Change control tools
Your consulting firm has been asked to provide an estimate on Project XYZ. Recently, your company completed project RTS, which was similar to XYZ. You use RTS as a template. This is known as what?
Analogous estimating
Parametric estimating
Monte carlo method
Bottom-up estimating
Bill is gathering information to develop the stakeholder register for a construction project. He is asking which of the following he should not add to the stakeholder register.
A competitor
Local government
The local union which has a representative with your company's construction crew.
The project manager for the client.
During a review of the WBS, the project manager realizes that there are two minor deliverables that were not listed in the scope definition. What should the next step be?
Add the tasks to the WBS to include the missing deliverables.
Check with the project sponsor if these deliverables should be added to the scope.
Add the deliverables to the scope.
Request a change of scope.
Peter is the project manager on a major construction project. The company uses a construction scheduling management package. Currently, Peter is using the software to compare the scheduling baseline to the latest work performance data. Peter is in what process?
Controlling the schedule
Analyzing the schedule network
Monte carlo method
Resource optimization
Susan is running a project that has a number of stakeholders who have serious conflicts on the project. These stakeholders keep trying to expand or reduce the scope to suit their own requirements. She is realizing that minimizing scope creep through a well administered change control process will have a positive effect on the project. What is an input to integrated change control?
Work performance reports
Change control system
Work performance measurement
Lessons learned
The project is about halfway done and the client is looking for a definitive estimate for the rest of the project. You work up the budget and you are able to say that the budget is plus or minus what percentage?
10% /-5%
25% / -10%
75% / -25%
100% / -100%
The project team has developed a project schedule. However, they find out that a number of key resources will be limited during the project. What method of scheduling should they consider using to help with this?
Critical chain method
Monte Carlo method
Resource smoothing
Resource leveling
Tim is the project manager of a bridge project. He has several civil and mechanical engineers working for him. They are reviewing several documents to create the scope. Which document will they not need to plan the scope?
Risk management plan
Regulations on bridges for the location
Project charter
Detailed requirements
Which of the following human resource theories states that human beings have basic needs and that people need to meet lower-level needs before they can move onto the next level of needs?
Maslow's hierarchy of needs
Ouchi theory Z
McGregor theory X and Y
Maslow's motivation theory
You are the project manager at a local hospital and currently overseeing the installation of new computers. A primary responsibility is dealing with the change request process. During which process does the project manager prevent scope creep?
Control Scope
Perform Integrated Change Control
Validate Scope
Define Scope
You have reviewed the latest SPI and want to fast track two activities. There is minimal risk and getting these two activities done will give you an opportunity to give the team a day of light work next week. You prepare a change request to make this happen. What process group are you working in?
Control schedule
Control risk
Manage human resources
Control cost
A new motor shaft is being developed to replace the current version. The dimensions of the shaft are to be 23mm 2mm. You are running the initial quality inspection of the first run. The first run of ten shafts has been produced. They all have measurements between 23.0mm and 23.2mm. What should you do next?
Examine the manufacturing process for issues.
Review the risk register.
Build a control chart to view the results graphically.
Nothing as all of ten of the shafts is are within the control limits.
If the cost variance (CV) is -$1000 and Schedule performance index (SPI) = 1.1; then it can be assumed that the project is currently:
Over Budget and Ahead of Schedule
Behind Schedule and Over Budget
There is no variation related to either Budget or Schedule
Ahead of Schedule and Under Budget
The construction manager is reviewing the next steps in the building plan. He realizes that some very specialized work needs to be done that none of his crew has experience in. He decides that he will contract this portion of the work to a specialty firm. This is an example of which of the following?
Transfer
Mitigation
Acceptance
Avoidance
The team has performed multiple iterations of work on a difficult part. The head of quality has now stated that the specifications for the piece may be too difficult to meet. The project manager has now called all of the stakeholders in this part of the project for a meeting. What process group of the project is the team working in?
Control quality
Project control
Plan quality management
Validate scope
Why should precautions be taken in who receives the stakeholder management plan?
The stakeholder plan contains sensitive data on all stakeholders including those who are resistant to the project.
The stakeholder plan may contain sensitive information regarding supportive stakeholders who may become upset if it becomes known that they support the project.
The stakeholder plan contains sensitive information on project financials.
The stakeholder plan does not contain sensitive information and can be distributed freely who anyone who requests a copy.
Your project is complete and you are in the middle of the project closing process. You need to review the process closing actions. What document will not have information to close out the project?
Environmental enterprise factors
Organizational process assets
Accepted deliverables
Project management plan
All of the following are used as tools and techniques for change control except?
Lessons learned
Change control tools
Expert judgement
Meetings
Dianne is managing the development of a new smartphone app. Some of the work is complete and she just had a status update meeting with the stakeholders. Now that they have seen a demonstration of the app, some of the stakeholders are now excited about the application and want to assist in the remaining development. What should Dianne do to update the stakeholder management plan?
Update the plan by putting these stakeholders in the leading category and review the stakeholder plan to include them in the strategy for leading stakeholders.
Since the project is partially done, there is no need to update the plan.
Since the formerly negative stakeholders are now leaders, there is no need to update the plan.
Once stakeholders are identified in their level of support, they need to remain there so there is no need to update the plan.
During the controlling risk process, your team identifies a new risk due to the outcome of a manufacturing process. What is the next step your team should take?
Analyze the risk.
Inform key stakeholders about this new risk.
Disregard the risk since it was not identified earlier.
Set up an emergency meeting with your team on why this risk was missed.
One example of a situation that requires formal written correspondence?
The client requests additional changes that are not within the contract.
The project has some minor overruns.
The client has additional changes within the contract.
A couple of steps on a non-critical path are delayed.
Stacy is managing a project with four teams, each located in a different city. As she is developing the various management plans, she is listing out constraints and assumptions. Which of the following is a communication constraint?
Communications between the teams
Communications within the teams at each site
Requirements for formal reports
Hallway conversations
The authority of a project manager is vital to his success. In which type of organization does the project manager maintain a moderate to low level of authority?
Balanced matrix
Strong matrix
Validate scope
Projectized organization
The phase has now been ended and what happens to the deliverables that were accepted?
These deliverables can be used in the next phase.
Since the phase is over, the deliverables are not needed.
Since the project is over the deliverables are used in production.
The deliverables need to be validated first.
The project manager is reviewing a schedule diagram and removes a step required to complete another task. She then changes that task to include the activities for the previous task. What should she do next?
Mark these changes as a proposal and submit a change request.
Submit a change request.
Direct and manage the work.
Update the risk register
The project team is reviewing the stakeholder management plan and they ask the project manager how often they should review this. She tells them which of the following? '
The stakeholder management plan should be reviewed on a regular basis but as the project progresses this schedule may change.
Once a month
Once a week
They will decide the frequency as a group but once it is determined, it will stay the same.
There are three outputs in determining a budget. Which of the following is one of the outputs?
Project funding requirements
Cost management plan
Cost aggregation
Funding limit reconciliation
What item is not performed during the closing process group?
Customer accepts interim deliverables.
Create lessons learned document.
Create a final performance report.
Customer accepts the product.
Which of the following is NOT an activity performed in the close project process
Validate changes
Updating the lessons learned knowledge base
Formal ending of project work
Release of resources to pursue new endeavors
You are into the third phase of a project and your core project team will be taking on four new members. What stage of the Tuckman ladder will they be on when they start this phase?
Forming
Norming
Performing
Adjourning
You have been asked in the hallway by the CFO which report will have an update on the project since the last meeting. You tell him that the information is in which report?
Progress report
Forecast
Budget report
Status report
Your company is a closed shop and is required to hire union members. While working with your HR department, you realize that you will need union input on several hiring decisions. The union is what in this case?
A stakeholder
A functional manager
A project team member
A constraint
All of the following are examples of 'cost of nonconformance' EXCEPT
Destructive testing loss
Liabilities
Warranty work
Rework
Most risks will be identified during which process?
Identify risks and control risks
Identify risks
Identify risks and risk audits
Identify risks and perform qualitative risk analysis.
There are five tools and techniques used in the plan human resources process. Which of the following is one of these?
Organizational theories
Activitiy resource requirements
Organization process assets
Pre-assignment
You are in the middle of the project when you discover that two key materials will not be available as planned. Your best course of action is to do what?
Set up a meeting with the project sponsor to discuss the impact and possible workarounds.
Crash the project
Set up a meeting with the sponsor to complain about the lack of materials.
Present fast tracking the project to the project sponsor.
Your team is working on Friday morning for the afternoon updates to the internal stakeholder meeting. Most of their work is about the progress made this week and the forecasts for next week. What process group are they working on?
Monitor and control project work
Integrated change control
Validate scope
Cost control
Adam is the project manager for the MAX Project. It is a large multi-year project and he is breaking down the project into phases. What is the best reason why a project be broken down into phases?
Provide more defined management and control of the project as a whole or that deliverables have to be completed in a certain order.
Identify the specialized resources needed for each phase.
Define the scope for each phase.
Identify the required work that is needed within each phase.
Larry is reviewing the human resource plan and begins to acquire his team. The project is on a short schedule and Larry is looking to maximize the time and take advantage of teams that work in different time zones and different days of the week. The tool that Larry should be considering is what?
Virtual teams
Project staff assignments
Home offices
Multi-criteria decision analysis
The most important output of Define Scope is
Scope Statement
Statement of Work
WBS Statement
Requirements Documents
The triple constraints of project management are the following:
Cost, Time, Scope
Schedule, Stakeholders, Scope
Procurement, Quality, Time
Cost, Risk, Scope
You are defining the high-level scope of the project as part of a project charter for an internal customer. All of the following are items that you will use for the initial inputs except?
Expert judgement
Government standards
Legal requirements
Business case
Your team is brainstorming on the best quality tools to use on the project in creating the quality management plan. Which of the following is not a tool of this process?
Quality metrics
Cost of quality
Design of experiments
Statistical sampling
As part of your proposal, you need to submit the credentials of an engineering team to be permitted to bid on the project. This type of requirement is known as what?
Screening system
Project requirement
Statement of work
Source selection criteria
Bryant has been asked to help choose one of the four potential project candidates. Management normally uses the internal rate of return technique for project selection. Which of the following projects is the one he should recommend?
Project A requires making an initial investment of $100,000 and will give monthly return of $5,000.
Project B requires making an initial investment of $200,000 and will give monthly return of $8,000.
Project D requires making an initial investment of $200,000 and will give annual return of $60,000.
Project C requires making an initial investment of $100,000 and will give annual return of $40,000.
During the Control Scope phase, analysis of the scope performance resulted in a change request to the scope baseline. This change request will be evaluated and reviewed during which process?
Perform Integrated Change Control process
Control Quality process
Monitor and Control Project Work process
Validate Scope process
One of your key stakeholders has requested a delay in a project task in order to focus on a project unrelated to yours. You know that this will not affect the critical path. What is the best response
Submit the requested changes to the change control board.
Add a lag to that task.
Inform the stakeholder that you are unable to take this kind of action.
Crash the project to make up for the delay.
Planned value (PV) is also known as:
Budgeted Cost of Work Scheduled (BCWS)
Budgeted Cost of Work Performed (BCWP)
Actual Cost of Work Performed (ACWP)
Total Cost of Work Planned at the beginning (TCWP)
The audit team is asking why they are involved in the procurement audit. The best explanation is which of the following?
The procurement audit is a review of the procurement process and looking for improvements.
Their team should not be involved because their work does not include the closing process groups.
Their team should not be involved since this is just a cost audit.
Their team should not be involved in the procurement audit since their function is with quality audits.
The project charter has been changed multiple times since the project was first proposed. Who has to make the decision if the changes are to be approved?
The sponsor
The change control board
The stakeholders
The project manager
The project is implementing a new quality system and the quality department is doing its own investigation of this new system. What action does this department take to make sure the new system is working?
Perform a quality audit
Perform control quality
Process improvement
Perform quality metrics
The project team is preparing to close the construction phase of the project and prepare documentation for the start of the next phase. What is a critical step in closing the phase?
Complete any outstanding items on the contract.
Collect financial data.
Prepare the project management plan.
Confirm that the plans for the next phase are complete.
Three point estimating has two common formulas. These are known as which?
Triangular distribution and Beta distribution
Most likely and pessimistic
Triangular estimating and beta estimating
Optimistic and pessimistic
Tim's team is working on the control cost process. They are currently gathering the information they need to work on this. They have the project management plan, work performance data, and the necessary financial organizational assets. What output of the cost management planning process do they need?
Project funding requirements
Cost management plan
Project charter
Cost baseline
Which of the following is NOT a technique used in the estimate activity resource process?
Decomposition
Expert judgment
Project management software
Published estimating data
You are new project manager appointed to lead the implementation of a new enterprise software system. After a make or buy analysis it was decided to create the system internally rather than from a outside vendor. Your internal implementation team consists of a group of highly skilled individuals with qualifications and experience in the software industry. What is the most likely source of conflicts that you may encounter on this project?
Resources and Technical Expertise
Cultural Differences between resources
Lack of Risk Identification
Inadequate Funding
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