Project Management MCQ: September 2019

Archive for September 2019

During project executing, a large number of changes are made to the project. The project manager should:

A. Wait until all changes are known and print out a new schedule
B. Make approved changes as needed, but retain the schedule baseline
C. Make only the changes approved by management
D. Talk to management before any changes are made

Answer B

Which of the following is a benefit of an analogous project estimate?

A. The estimate will be closer to what the work will actually require
B. It is based on a detailed understanding of what the work requires
C. It gives the project team an understanding of management's expectations
D. It helps the project manager determine if the project will meet the schedule

Answer C

Rearranging resources so that a constant number of resources is used each month is called:

A. Crashing
B. Floating
C. Leveling
D. Fast tracking

Answer C

Senior management is complaining that they are not able to easily determine the status of ongoing projects in the organization. Which of the following types of reports would help provide summary information to senior management?

A. Detailed cost estimates
B. Project management plans
C. Bar charts
D. Milestone reports

Answer D

A project manager for a small construction company has a project that was budgeted for $130,000 over a six-week period. According to her schedule, the project should have cost $60,000 to date. However, it has cost US $90,000 to date. The project is also behind schedule, because the original estimates were not accurate. Who has the PRIMARY responsibility to solve this problem?

A. Project manager
B. Senior management
C. Project sponsor
D. Manager of the project management office

Answer A

The project is calculated to be completed four days after the desired completion date. You do not have access to additional resources. The project is low risk, the benefit cost ratio (BCR) is expected to be 1.6, and the dependencies are preferential. Under these circumstances, what would be the BEST thing to do?

A. Cut resources from an activity
B. Make more activities concurrent
C. Move resources from the preferential dependencies to the external dependencies
D. Remove an activity from the project

Answer B

An activity has an early start (ES) of day 3, a late start (LS) of day 13, an early finish (EF) of day 9, and a late finish (LF) of day 19. The activity:

A. Is on the critical path
B. Has a lag
C. Is progressing well
D. Is not on the critical path

Answer D

A team member from research and development tells you that her work is too creative to provide you with a fixed single estimate for the activity. You both decide to use the labor hours per installation from past projects to predict the future. This is an example of which of the following?

A. Parametric estimating
B. Three-point estimating
C. Analogous estimating
D. Monte Carlo analysis

Answer A

You are a project manager for a new product development project that has four levels in the work breakdown structure. A network diagram has been created, the duration estimates have been compressed, and a schedule has been developed. What time management activity should you do NEXT?

A. Begin Control Schedule
B. Estimate Activity Resources
C. Analogously estimate the schedule
D. Gain approval

Answer D

A new product development project has four levels in the work breakdown structure and has been sequenced using the precedence diagramming method. The activity duration estimates have been received. What should be done NEXT?

A. Create an activity list
B. Begin the work breakdown structure
C. Finalize the schedule
D. Compress the schedule

Answer D

The WBS, estimates for each work package, and the network diagram are completed. Which of the following would be the NEXT thing for the project manager to do?

A. Sequence the activities
B. Verify that they have the correct scope
C. Create a preliminary schedule and get the teams approval
D. Complete risk management

Answer C

A project manager is using weighted average duration estimates to perform schedule network analysis. Which type of mathematical analysis is being used?

A. Critical path method
B. PERT
C. Monte Carlo
D. Resource leveling

Answer B

A project manager is taking over a project from another project manager during the planning process group. If the new project manager wants to see what the previous project manager planned for managing changes to the schedule, it would be BEST to look at the:

A. Communications management plan
B. Update management plan
C. Staffing management plan
D. Schedule management plan

Answer D

A project manager has received activity duration estimates from his team. Which of the following does he need in order to complete the Develop Schedule process?

A. Change requests
B. Schedule change control system
C. Recommended corrective actions
D. Reserves

Answer D

You have a project with the following activities: Activity A takes 40 hours and can start after the project starts. Activity B takes 25 hours and should happen after the project starts. Activity C must happen after activity A and takes 35 hours. Activity D must happen after activities Band C and takes 30 hours. Activity E must take place after activity C and takes 10 hours. Activity F takes place after Activity E and takes 22 hours. Activities F and D are the last activities of the project. Which of the following is TRUE if activity B actually takes 37 hours?

A. The critical path is 67 hours
B. The critical path changes to Start, B, D, End
C. The critical path is Start, A, C, E, F, End
D. The critical path increases by 12 hours

Answer C

You are a project manager on a $5,000,000 software development project. While working with your project team to develop a network diagram, your data architects suggest that quality could be improved if the data model is approved by senior management before moving on to other design elements. They support this suggestion with an article from a leading software development journal. Which of the following BEST describes what this type of input is called?

A. Mandatory dependency
B. Discretionary dependency
C. External dependency
D. Heuristic

Answer B

You are a project manager on a $5,000,000 software development project. While working with your project team to develop a network diagram, you notice a series of activities that can be worked in parallel but must finish in a specific sequence. What type of activity sequencing method is required for these activities?

A. Precedence diagramming method
B. Arrow diagramming method
C. Critical path method
D. Operational diagramming method

Answer A

During project planning, you estimate the time needed for each activity and then add the estimates to create the project estimate. You commit to completing the project by this date. What is wrong with this scenario?

A. The team did not create the estimate, and estimating takes too long using that method
B. The team did not create the estimate, and a network diagram was not used
C. The estimate is too long and should be created by management
D. The project estimate should be the same as the customer's required completion date

Answer B

A project manager is in the middle of the executing process of a very large construction project when he discovers that the time needed to complete the project is longer than the time available. What is the BEST thing to do?

A. Cut product scope
B. Meet with management and tell them that the required date cannot be met
C. Work overtime
D. Determine options for schedule compression and present management with his recommended option

Answer D

Which of the following processes includes asking team members about the time estimates for their activities and reaching agreement on the calendar date for each activity?

A. Sequence Activities
B. Develop Schedule
C. Define Scope
D. Develop Project Charter

Answer B

In attempting to complete the project faster, the project manager looks at the cost associated with crashing each activity. The BEST approach to crashing would also include looking at the:

A. Risk impact of crashing each activity
B. Customers opinion of which activities to crash
C. Bosss opinion of which activities to crash and in which order.
D. Project life cyde phase in which the activity is due to occur.

Answer A

Which of the following is the BEST thing to do to try to complete a project two days earlier?

A. Tell senior management that the project's critical path does not allow the project to be finished earlier
B. Tell your boss
C. Meet with the team and look for options for crashing or fast tracking the critical path
D. Work hard and see what the project status is next month

Answer C

Your project management plan results in a project schedule that is too long. If the project network diagram cannot change but you have extra personnel resources, what is the BEST thing to do?

A. Fast track the project
B. Level the resources
C. Crash the project
D. Monte Carlo analysis

Answer C

When would a milestone chart be used instead of a bar chart?

A. Project planning
B. Reporting to team members
C. Reporting to management
D. Risk analysis

Answer C

If project time and cost are not as important as the number of resources used each month, which of the following is the BEST thing to do?

A. Perform a Monte Carlo analysis
B. Fast track the project
C. Perform resource leveling
D. Analyze the life cycle costs

Answer C

A project has three critical paths. Which of the following BEST describes how this affects the project?

A. It makes it easier to manage
B. It increases the project risk
C. It requires more people
D. It makes it more expensive

Answer B

The float of an activity is determined by:

A. Performing a Monte Carlo analysis
B. Determining the waiting time between activities
C. Determining lag
D. Determining the amount of time the activity can be delayed before it delays the critical path

Answer D

Which ofthe following BEST describes the relationship between standard deviation and risk?

A. Nothing
B. Standard deviation tells you if the estimate is accurate
C. Standard deviation tells you how unsure the estimate is
D. Standard deviation tells you if the estimate indudes a pad

10. Answer C

What is the duration of a milestone?

A. Shorter than the duration of the longest activity
B. Shorter than the activity it represents
C. There is no duration
D. Same length as the activity it represents

Answer C

Which of the following is CORRECT?

A. The critical path helps prove how long the project will take
B. There can be only one critical path
C. The network diagram will change every time the end date changes
D. A project can never have negative float

Answer A

Which of the following is the BEST project management tool to use to determine the longest time the project will take?

A. WBS
B. Network diagram
C. Bar chart
D. Project charter

Answer B

Lag means:

A. The amount of time an activity can be delayed without delaying the project finish date
B. The amount of time an activity can be delayed without delaying the early start date of its successor
C. Waiting time
D. The product of a forward and backward pass

Answer C

A heuristic is BEST described as a:

A. Control tool
B. Scheduling method
C. Planning tool
D. Rule of thumb

Answer D

If the optimistic estimate for an activity is 12 days, and the pessimistic estimate is 18 days, what is the standard deviation of this activity?

A. 1
B. l.3
C. 6
D. 3

Answer A

Which of the following are GENERALLY illustrated BETTER by bar charts than network diagrams?

A. Logical relationships
B. Critical paths
C. Resource trade-offs
D. Progress or status

Answer D

A dependency requiring that design be completed before manufacturing can start is an example of a:

A. Discretionary dependency
B. External dependency
C. Mandatory dependency
D. Scope dependency

Answer C

To control the schedule, a project manager is reanalyzing the project to predict project duration. She does this by analyzing the sequence of activities with the least amount of scheduling flexibility. What technique is she using?

A. Critical path method
B. Flowchart
C. Precedence diagramming
D. Work breakdown structure

Answer A

Which of the following BEST describes the elements of a WBS Dictionary entry?

A. The definition of the work package including it Net Present Value (NPV)

B. Work Package ID and Name, Statement of Work, Required Resources, and Monte Carlo Analysis

C. Work Package ID and Name, Statement of Work, Risk Register, Earned Value Calculation, Scheduled Complete Date, and Cost.

D. Work package ID and Name, Statement of Work, Responsible Organization, Schedule Milestones, Quality Requirements, Code of Account Identifier, Required Resources, Cost Estimate.

Answer :D

Which of the following is a benefit of creating a work breakdown structure?

A. It provides authority for the Project Manager

B. It allows the project budget to be determined

C. It helps attain buy-in from the team doing the work

D. It allows the project completion date to be determined

Answer: C

You are project manager in a product manufacturing organization. As the project moves towards completion, different material composition is considered for the deliverable. The is an example of which of the following?

A. Change request

B. Alternatives identification

C. Quality assurance

D. Verify scope

Answer: C

As a project manager, you have identified the deliverables and details about what is included and excluded on your project. Where would you document this?

A. In the scope statement, which is an input to the Create WBS process.

B. In the scope statement, which is an input to the Collect Requirements process.

C. In the WBS, which is an output of the Requirement management plan process

D. In the WBS, which is a tool and technique of the Define Scope process.

Answer: A

Which of the following documents is used as the baseline for evaluating whether requests for changes or additional work are contained within or outside the project's boundaries and guiding the team through the Executing processes?

A. Project Charter

B. Project Scope Statement

C. Project Requirements Documentation

D. WBS Dictionary

Answer: B

You can determine whether requirements have been met by using ___________

A. Quality Audits
B. Inspection
C. WBS
D. Scope Statement

Answer B

Which of the following sequences is in the proper order:

A: Define scope, estimate activity duration, estimate resources, determine budget

B: Collect requirements, develop human resource plan, estimate activity duration, sequence activities

C. Collect requirements, define scope, determine budget, sequence activities

D. Collect requirements, define scope, create WBS, define activities, sequence activities

Answer: D

The process of creating a work breakdown structure most likely results in which of the following?

A. A project schedule

B. Team buy-in

C. A project budget

D. A list of indentified risks.

Answer: B.

When should details about the product of the project be given?

A. Before anything else happens in the project

B. Before the project plan is put under version control

C. As soon as possible in the project planning

D. Whenever the sponsor requires it

Answer: C

Which of the following is done during Verify scope?

A. Verify product correctness

B. Verify the WBS

C. Inspection

D. Performance measurement

Answer: C

The WBS element 1.7.A would be found at what level in the WBS?

A. two

B. three

C. four

D. cannot be determined

Answer: B

Decomposition occurs during:

A. Define Scope

B. Verify Scope

C. Create WBS

D. Control Scope

Answer C.

In order to properly complete the Create WBS process, you would document the WBS dictionary in which of the following ways?

A. Use the organizational breakdown structure and the WBS together and present this scope baseline to stakeholders.

B. Record the code of account identifier, responsible organization and milestone schedule in the WBS dictionary for each component of the WBS.

C. Elaborate the WBS to the point where the new machine specifications are clear and highly detailed.

D. Record the approved change requests as one of the outputs of this process.

Answer B

What is a key element to consider when developing a WBS?

A. Can the quality of work be evaluated by testing?

B. Are WBS elements organized by phases as level one entries?

C. How will element completion be determined?

D. Can individual work assignments be managed from the reporting structure indicated by the WBS?

Answer D

With which of the following objectives are the techniques "Brainstorming and lateral thinking" used in the scope definition process?

A. Create WBS

B. Alternatives identification

C. Expert judgement

D. Stakeholder analysis

Answer B

A project team member has asked you what project scope management is. Which of the following is a characteristic of project scope management.

A. It defines the baseline for project acceptance.

B. It defines the requirements for each project within the organization.

C. It defines the processes to ensure that the project includes all the work required, and only the work required, to complete the project successfully.

D. It defines the functional managers assigned to the project.

Answer C

All of the following are outputs of Control Scope Except?

A. Change Requests
B. Scope Changes
C. Project document updates
D. Work performance measurements

Answer B

As a project manager, you should follow which of the following in order to ensure clear boundaries for project completion:

A. WBS
B. Scope Verification
C. Scope Statement
D. Scope Control

Answer C

The features and functions of a product or service are considered ; and the work that must be done to deliver a product/service as the output of the project is considered .

A: Project scope, Product Scope
B. Requirements, Deliverables
C. Product Scope; Project Scope
D. Scope Management Plan, Project Management Plan

Answer C

Which of the following is not an input to Verify Scope

A. Accepted Deliverables
B. Project Management Plan
C. Validated Deliverables
D. Requirements Traceability Matrix

Answer A

Which of the following BEST describes product analysis?

A. Working with the customer to determine the product description
B. Mathematically analyzing the quality desired for the project
C. Gaining a better understanding of the product of the project in order to create the project scope statement
D. Determining if the quality standard on the project can be met

Answer C

Which ofthe following BEST describes the Verify Scope process?

A. It provides assurances that the deliverable meets the specifications, is an input to the project management plan, and is an output of Perform Quality Control
B. It ensures that the deliverable is completed on time, ensures customer acceptance, and shows that the deliverable meets specifications
C. It ensures customer acceptance, shows that the deliverable meets specifications, and provides a chance for differences of opinion to come to light
D. It is an output of Perform Quality Control, occurs before Define Scope, and ensures customer acceptance

Answer C

Which of the following is CORRECT in regard to the Control Scope process?

A. Effective scope definition can lead to a more complete project scope statement
B. The Control Scope process must be done before scope planning
C. The Scope Control process must be integrated with other control processes
D. Controlling the schedule is the most effective way of controlling scope

Answer C

Which of the following can create the MOST misinterpretation in the project scope statement?

A. Imprecise language
B. Poor pattern, structure, and chronological order
C. Small variation in size of work packages or detail of work
D. Too much detail

Answer A

Verify Scope is closely related to:

A. Perform Quality Control
B. Sequence Activities
C. Perform Quality Assurance
D. Time Management

Answer A

A project manager's scope management efforts are being audited. The cost performance index (CPI) on the project is 1.13, and the benefit cost ratio (BCR) is 1.2. The project scope was created by the team and stakeholders. Requirements on the project have been changing throughout the project. No matter what the project manager has tried to accomplish in managing the project, which of the following is he MOST likely to face in the future?

A. Having to cut costs on the project and increase benefits
B. Making sure the customer approved the project scope
C. Not being able to measure completion of the product of the project
D. Having to add resources to the project

Answer C

A scope change has been suggested by one of the stakeholders on the project. After careful consideration and a lot of arguing, the change control board has decided to reject the change. What should the project manager do?

A. Support the stakeholder by asking the board for the reason for the rejection
B. Suggest to the stakeholder that the next change they request will be approved
C. Record the change request and its result
D. Advise the change control board to make sure they create approval processes before the next change is proposed

Answer C

Which of the following is an output of the Collect Requirements process?

A. Requirements traceability matrix
B. Project scope statement
C. Work breakdown structure
D. Change requests

Answer A

The preparation of the scope baseline can BEST be described as involving:

A. The functional managers
B. The project team
C. All the stakeholders
D. The project expediter

Answer B

During the completion of project work, the sponsor asks the project manager to report on how the project is going. In order to prepare the report, the project manager asks all the team members what percent complete their work is. There is one team member who has been hard to manage from the beginning. In response to being asked what percent complete he is, the team member asks, "Percent complete of what?" Being tired of such comments, the project manager reports to the team members boss that the team member is not co operating. Which of the following is MOST likely the real problem?

A. The project manager did not get buy-in from the manager for the resources on the project
B. The project manager did not create an adequate reward system for team members to improve their cooperation
C. The project manager should have had a meeting with the team member's boss the first time the team member caused trouble
D. The project manager does not have work packages

Answer D

One of the stakeholders on the project contacts the project manager to discuss some additional scope they would like to add to the project. The project manager asks for details in writing and then works through the Control Scope process. What should the project manager do NEXT when the evaluation of the requested scope is complete?

A. Ask the stakeholder if there are any more changes expected
B. Complete integrated change control
C. Make sure the impact of the change is understood by the stakeholder
D. Find out the root cause of why the scope was not discovered during project planning

Answer B

All of the following are parts of the scope baseline EXCEPT the:

A. Scope management plan
B. Project scope statement
C. Work breakdown structure
D. WBS dictionary

Answer A

You are managing a six-month project and have held biweekly meetings with your project stakeholders. After five-and-a-half months of work, the project is on schedule and budget, but the stakeholders are not satisfied with the deliverables. This situation will delay the project completion by one month. The MOST important process that could have prevented this situation is:

A. Monitor and Control Risks
B. Control Schedule
C. Define Scope
D. Control Scope

Answer C

The construction phase of a new software product is near completion. The next phases are testing and implementation. The project is two weeks ahead of schedule. What should the project manager be MOST concerned with before moving on to the final phase?

A. Verify Scope
B. Control Quality
C. Create Performance Reports
D. Control Costs

Answer A

A project manager has just been assigned to a new project and has been given the project charter. The FIRST thing the project manager must do is:

A. Create a project scope statement
B. Confirm that all the stakeholders have had input into the scope
C. Analyze project risk
D. Begin work on a project management plan

Answer B

A project manager may use to make sure the team members clearly know what work is included in each of their work packages.

A. The project scope statement
B. The product scope
C. A WBS dictionary
D. A schedule

Answer C

To manage a project effectively, work should be broken down into small pieces. Which of the following does NOT describe how far to decompose the work?

A. Until it has a meaningful conclusion
B. Until it cannot be logically subdivided further
C. Until it can be done by one person
D. Until it can be realistically estimated

Answer C

A new project manager has asked you for advice on creating a work breakdown structure. After you explain the process to her, she asks you what software she should use to create the WBS and what she should do with it when she is finished creating it. You might respond that it is not the picture that is the most valuable result of creating a WBS. It is:

A. A bar chart
B. Team buy-in
C. Activities
D. A list of risks

Answer B

You have just joined the project management office after five years of working on projects. One of the things you want to introduce to your company is the need to create and utilize WBSs. Some of the project managers are angry that you are asking them to do "extra work". Which of the following would be the BEST thing you could tell the project managers to convince them to use WBSs?

You have just joined the project management office after five years of working on projects. One of the things you want to introduce to your company is the need to create and utilize WBSs. Some of the project managers are angry that you are asking them to do "extra work".
Which of the following would be the BEST thing you could tell the project managers to convince them to use WBSs?

A. Tell them it will prevent work from slipping through the cracks
B. Tell them that it is not needed
C. Tell them it is required only if the project involves contracts
D. Tell them it is the only way to identify risks

Answer A

The project is mostly complete. The project has a schedule variance of 300 and a cost variance of -900. All but one of the quality control inspections have been completed and all have met the quality requirements. All items in the issue log have been resolved. Many of the resources have been released. The sponsor is about to call a meeting to obtain product verification when the customer notifies the project manager that they want to make a major change to the scope. The project manager should:

A. Meet with the project team to determine if this change can be made
B. Ask the customer for a description of the change
C. Explain that the change cannot be made at this point in the process
D. Inform management

Answer B

When should the Verify Scope process be done?

A. At the end of the project
B. At the beginning of the project
C. At the end of each phase of the project
D. During the planning processes

Answer C

During a project team meeting, a team member suggests an enhancement to the scope that is beyond the scope of the project charter. The project manager points out that the team needs to concentrate on completing all the work and only the work required. This is an example of:

During a project team meeting, a team member suggests an enhancement to the scope that is beyond the scope of the project charter. The project manager points out that the team needs to concentrate on completing all the work and only the work required.
This is an example of:

A. Change management process
B. Scope management
C. Quality analysis
D. Scope decomposition

Answer B

A new project manager is being mentored by a more experienced certified project management professional ("PMP"). The new project manager is having difficulty finding enough time to manage the project because the product and project scope are being progressively elaborated. The PMP-certified project manager mentions that the basic tools for project management, such as a work breakdown structure, can be used during project executing to assist the project manager. For which of the following can a work breakdown structure be used?

A. Communicating with the customer
B. Showing calendar dates for each work package
C. Showing the functional managers for each team member
D. Showing the business need for the project

Answer A

During a meeting with some of the project stakeholders, the project manager is asked to add work to the project scope. The project manager had access to correspondence about the project before the project charter was signed and remembers that the project sponsor specifically denied funding for the scope mentioned by these stakeholders. The BEST thing for the project manager to do is to:

A. Let the sponsor know of the stakeholders' request
B. Evaluate the impact of adding the scope
C. Tell the stakeholders the scope cannot be added
D. Add the work if there is time available in the project schedule

Answer C

The program was planned years ago, before there was a massive introduction of new technology. While planning the next project in this program, the project manager has expanded the scope management plan because as a project becomes more complex, the level of uncertainty in the scope:

A. Remains the same
B. Decreases
C. Decreases then increases
D. Increases

Answer D

During what part of the project management process is the project scope statement created?

A. Initiating
B. Planning
C. Executing
D. Monitoring and controlling

Answer B

During project executing, a team member comes to the project manager because he is not sure of what work he needs to accomplish on the project. Which of the following documents contain detailed descriptions of work packages?

A. WBS dictionary
B. Activity list
C. Project scope statement
D. Scope management plan

Answer A

Which of the following is a KEY output of the Verify Scope process?

A. A more complete scope management plan
B. Customer acceptance of project deliverables
C. Improved schedule estimates
D. An improved project management information system

Answer B

The work breakdown structure can BEST be thought of as an effective aid for __ communications.

A. Team
B. Project manager
C. Customer
D. Stakeholder

Answer D

A work breakdown structure numbering system allows the project staff to:

A. Systematically estimate costs of work breakdown structure elements
B. Provide project justification
C. Identify the level at which individual elements are found
D. Use it in project management software

Answer C

The output of Direct and Manage Project Execution process is

A. The work packages
B. The project management information system
C. The deliverables
D. The work breakdown structure

Answer - C

When changes are approved and made to the project, they should be:

A. Tracked against the project baseline
B. Incorporated into the project baseline
C. Included as an addendum to the project plan
D. Approved by someone other than the project manager

Answer - B

Change control meetings are held as part of which process:

A. Direct and Manage Project Execution
B. Monitor and Control Project Work
C. Perform Integrated Change Control
D. Evaluate Requested Changes

Answer - C

If you are creating a single document to guide project execution, monitoring and control and closure, you are creating:

A. The execution plan
B. The project management plan
C. The integration plan
D. The project framework

Answer - B

The person or group responsible for evaluating change on ap roject is:

A. Change control board
B. The sponsor
C. The project team
D. The program manager

Answer - A

Approved corrective action is an input to

A: Verify scope
B. Direct and manage project execution
C. Develop Project charter
D. Develop Schedules

Answer - B

You are a new project manager who has never managed a project before. You have been asked to plan a new project. It would be BEST in this situation to rely on ____ during planning in order to improve your chance of success.

A. Your intuition and training
B. Stakeholder analysis
C. Historical information
D. Configuration management

Answer - C

A project is plagued by changes to the project charter. Who has the primary responsibility to decide if these changes are necessary?

A. The project manager
B. The project team
C. The sponsor
D. The stakeholders

Answer C

You are in the middle of executing a major modification to an existing product when you learn that the resources promised in the beginning of the project are not available. The BEST thing to do is:

A. Show how the resources where originally promised to your project.
B. Re-plan the project without the resources
C. Explain the impact if the promised resources are not made available.
D. Crash the project

Answer - C

A defect in the product was brought to the project manager's attention and now the project team is engaged in repairing it. Which project management process would be the most applicable to this?

A. Perform Integrated Change Control
B. Monitor and Control Project Work
C. Direct and Manage Project Execution
D. Close Project or Phase

Answer - C - as it is also including fixing it / doing work

The project management information system would likely include all of the following EXCEPT:

A. A scheduling tool
B. An information distribution system
C. A system for collecting information from team members
D. A system for identifying stakeholders

Answer D - as that is a manual process

The project charter is:

A. Developed before the project statement of work, and after the project management plan.
B. Developed after the project statement of work and before the project management plan
C. Developed before the contract and after the project management plan
D. Developed before the project and before the project management plan

Answer B. Contract is an input to the charter, so contract HAS to be first.

You are meeting with a new Project Manager who has taken over a project that is in the middle of executing. The previous project manager has left the company and the new project manager is upset that the change reports are streaming in from numerous sources including his boss, the customer and various stakeholders. The project manager is not even aware of how to process all of these incoming change requests. Where would you refer him?

A. Project Scope Statement
B. Project Management Plan
C. The previous project manager
D. Project Charter

Answer B - guides the ENTIRE project

Project Management Plan Updates are NOT an output of:

A. Perform Integrated Change Control
B. Develop Project Plan
C. Direct and Manage Project Execution
D. Close Project or Phase

Answer B - before the plan happens!!

Producing a Project Plan may BEST be described as:

A. Creating a network logic diagram that identifies the critical path.
B. Using a software tool to track schedule, cost & resources
C. Creating a document that guides project plan execution
D. Creating a plan that contains the entire product scope

Answer C

Your company can accept one of the three posible projects. Project A has a net present value (NPV) of $30,000 and will take six years to complete. Project B has a net present value of $60,000 and will take three years to complete. Project C has an NPV of $90,000 and will take four years to complete. Based on this information, which project would you pick?

Your company can accept one of the three posible projects.
Project A has a net present value (NPV) of $30,000 and will take six years to complete.
Project B has a net present value of $60,000 and will take three years to complete.
Project C has an NPV of $90,000 and will take four years to complete.
Based on this information, which project would you pick?

A. They all have the same value
B. Project A
C. Project B
D. Project C

Answer D

All technical work is completed on the project. Which of the following remains to be done?

A. Verify Scope
B. Plan Risk Responses
C. Create a staffing management plan
D. Complete lessons learned

Answer D

Your existing project has a cost performance index (CPI) of 1.2 and a schedule performance index (SPI) of 1.3, so you have some room to add work without delaying your existing project or going over budget. However, you cannot see how the new work fits within the project charter for your existing project. After some analysis, you determine that the new work and existing work do not overlap and can be done concurrently. They also require different skill sets. Which of the following is the BEST thing to do?

The engineering department has uncovered a problem with the cost accounting system and has asked the systems department to analyze what is wrong and fix the problem.
You are a project managerr working with the cost accounting programs on another project. Management has issued a change request to the change control board to add the new work to your project.

Your existing project has a cost performance index (CPI) of 1.2 and a schedule performance index (SPI) of 1.3, so you have some room to add work without delaying your existing project or going over budget. However, you cannot see how the new work fits within the project charter for your existing project. After some analysis, you determine that the new work and existing work do not overlap and can be done concurrently. They also require different skill sets. Which of the following is the BEST thing to do?

A. Develop a project charter
B. Reestimate the project schedule with input from the engineering department
C. Verify the scope of the new work with the help of the stakeholders
D. Identify specific changes to the existing work

Answer A

You have created the project charter, but could not get it approved. Your manager and his boss have asked that the project begins immediately. Which of the following is the BEST thing to do?

A. Set up an integrated change control process
B. Show your manager the impact of proceeding without approval
C. Focus on completing projects that have signed project charters
D. Start work on only the critical path activities

Answer B

Linear programming is an example of what type of project selection criteria?

A. Constrained optimization
B. Comparative approach
C. Benefit measurement
D. Impact analysis

Answer A

A project manager is trying to convince management to use more formal project management procedures and has decided to start improving the company's project management by obtaining a project charter. Wich of the following BEST describes why the project charter would help the project manager?

A. It describes the details of what needs to be done
B. It lists the names of all team members
C. It gives the project manager authority
D. It describes the project's history

Answer C

Which of the following is included in a project charter?

A. A risk management strategy
B. Work package estimates
C. Detailed resource estimates
D. The business need for the project

Answer D

All of the following would occur during the Close Project or phase process EXCEPT:

A. Creating lessons learned
B. Formal acceptance
C. Reducing resource spending
D. Performing benefit cost analysis

Answer D

An output of the Close Project or Phase process is the creation of:

A. Project archives
B. A project charter
C. A project management plan
D. A risk analysis plan

Answer A

Project A has an internal rate of return (IRR) of 21 percent.

Project B has an IRR of 7 percent.
Project C has an IRR of 31 percent.
Project D has an IRR of 19 percent.
Which of these would be the BEST project?

A. Project A
B. Project B
C. Project C
D. Project D

Answer C

This project is chartered to determine new ways to extend the product life of one of the company's medium-producing products. The project manager comes from the engineering department, and the team comes from product management and marketing departments.

The project scope statement and project planning are completed when a stakeholder notifies the team that there is a better way to complete one of the work packages. They even supply a technical review letter from their department proving that the new way to complete the work package will actually be faster than the old way.
The project manager has had similar experiences with this department on other projects, and was expecting this to happen on this project. What is the FIRST thing the project manager should do?

A. Contact the department and complain again about their missing the deadline for submission of scope
B. Look for how this schedule change will impact the cost to complete the work package and the quality of the product of the work package
C. See if there is a way to change from a matrix environment to a functional organization so as to eliminate all the interference from other departments
D. Ask the department if they have any other changes

Answer B

Which of the following sequences represents straight line depreciation?

A. $100, $100, $100
B. $100, $120, $140
C. $100, $120, $160
D. $160, $140, $120

Answer A

You are asked to prepare a budget for completing a project that was started last year and then shelved for six months. All the following would be included in the budget EXCEPT:

A. Fixed costs
B. Sunk costs
C. Direct costs
D. Variable costs

Answer: Answer B

The project was going well when all of a sudden there were changes to the project coming from multiple stakeholders. After all the changes were determined, the project manager spent time with all the stakeholders to find out why there were changes and to discover any more. The project work has quieted down when a team member casually mentions to the project manager that he added functionality to a product of the project. "Do not worry," he says, "I did not impact time, cost, or quality!" What should a project manager do FIRST?

A. Ask the team member how the need for the functionality was determined
B. Hold a meeting to review the team member's completed work
C. Look for other added functionality
D. Ask the team member how he knows there is no time, cost, or quality impact

Answer D