Taskmodes PMP Test

During a project update meeting for the key stakeholders, the schedule of some project activities was challenged. The VP Operations challenged that some of the critical path activities cannot be executed as scheduled as they will disturb critical operations. The VP has requested rescheduling of these tasks so that they are carried out during the non-working times of the business. What should the project manager do first?

After performing the Control Costs process, which of the following may be updated?

You are hired by a nationwide banking organization to manage a project to design and deliver new card readers for their ATMs. The new card readers are intended to increase security for approximately 7,5000 ATMs. Your last contract was with a competing bank, and the requirements were extremely similar. Subsequently, the knowledge you gained will be beneficial for this assignment when developing the project charter and so forth. However, you signed a non-disclosure agreement with the last bank. What is your BEST course of action?

A common tool used in analyzing problems on a project is a diagram that shows the relationship between two variables. What is this diagram called?

You are about to contract out a project to a service provider. However, at the time of awarding the contract, you are not sure of the total effort involved. Since the scope of work cannot be accurately estimated, you want to agree the per unit rates for difference services. Which of the following would best suit your purpose?

You are the project manager of a project whose team has interacted with a number of stakeholders. You feel that in order to have a very objective project performance appraisal, you would like to obtain 360 degrees feedback for the project team members from all the people they have worked with, including superiors, peers and subordinates. Project performance appraisals are carried out during which of the following processes?

You are developing your project schedule it is suggested that you use formulas based on Beta Distributions (PERT) to estimate activity durations.  You go to the programmer performing Activity "Q" and ask her for her estimates.  She states that optimistically Activity "Q" can be completed in 12 days.  Most likely Activity "Q" will take 18 days and pessimistically Activity "Q" will take 42 days.  What is the variance for activity "Q" based on the estimates provided?

You are evaluating the average outcome for some uncertainties in your project. There is a 25 percent possibility you will receive a $125K on-target bonus. There is a 20 percent chance that labor shortages will cost the project $55K. There is a 15 percent chance that late delivery of materials will cost $25K. If overtime is reinstated, there is a 20 percent possibility your project may save $32K. Calculate the Expected Monetary Value (EMV).

Actual start and finish dates of schedule activities are an example of:

Which of the following is neither an input to nor an output of the Close Procurements process?