Work on a project is ongoing when the project manager overhears two workers arguing over what a set of instructions mean. The project manager investigates...
A project manager had a complex problem to solve and made a decision about what needed to be done. A few months late, the problem resurfaced. What did the project manager most likely not do?
A project manager had a complex problem to solve and made a decision about what needed to be done. A few months late, the problem resurfaced. What did...
Project performance appraisals are different from team performance assessments in the project performance appraisals focus on:
Project performance appraisals are different from team performance assessments in the project performance appraisals focus on:
A. How an individual...
A project manager has just found out that a major subcontractor for her project is consistently late delivering work. The project team member responsible for this part of the project does not get along with the subcontractor. To resolve the problem, the project manager says, "You will have to give up something to solve this problem." What conflict resolution method is she using?
A project manager has just found out that a major subcontractor for her project is consistently late delivering work. The project team member responsible...
You are a project manager leading a cross-functional project team in a weak matrix environment. None of your project team members report to you functionally ad you do no have the ability to directly reward their performance. The project is difficult, involving tight date constraints and challenging quality standards. Which of the following types of project management power will likely be the MOST effective in this circumstance?
You are a project manager leading a cross-functional project team in a weak matrix environment. None of your project team members report to you functionally...
During every project team meeting, the project manager asks each team member to describe the work he or she is doing, and the project manager assigns new activities to team members. The length of these meetings has increased because there are many different activities to assign. This could be happening for all the following reasons EXCEPT?
During every project team meeting, the project manager asks each team member to describe the work he or she is doing, and the project manager assigns...
A project manager must publish a project schedule. Activities, start/end times, and resources are identified. What should the project manager do NEXT?
A project manager must publish a project schedule. Activities, start/end times, and resources are identified. What should the project manager do NEXT?
A....
You have been assigned as project manager for a large telecommunications project. This one year project is about halfway done. The project team consists of five sellers and 20 of your company's employees. You want to understand who is responsible for doing what on the project. Where would you find such information?
You have been assigned as project manager for a large telecommunications project. This one year project is about halfway done. The project team consists...
Which of the following is not an input into Develop Human Resource Plan?
Which of the following is not an input into Develop Human Resource Plan?
A. Enterprise Environmental Factors
B. Role and Responsibility assignments
C....
What does a resource histogram show that a responsibility assignment matrix does not?
What does a resource histogram show that a responsibility assignment matrix does not?
A. Time
B. Activity
C. Interrelationships
D. The person...
Human resource management encompasses:
Human resource management encompasses:
A. Organizational Planning, Acquire Project Team, Report Performance, and Manage Project Team.
B. Develop...
The most common cause of conflict on a project are schedules, project priorities, and:
The most common cause of conflict on a project are schedules, project priorities, and:
A. Personalities
B. Resources
C. Cost
D. Management
Answer:...
The most important role of the project sponsor is to:
The most important role of the project sponsor is to:
A. Manage and resolve conflicts between the team and upper management
B. Provide and protect...
Which type of organization is BEST for managing complex projects involving cross-disciplinary efforts?
Which type of organization is BEST for managing complex projects involving cross-disciplinary efforts?
A. Projectized
B. Functional
C. Line
D....
Which conflict resolution technique produces the most lasting results?
Which conflict resolution technique produces the most lasting results?
A. Problem solving
B. Smoothing
C. Compromising
D. Withdrawing
Answer:...
The Human Resource Plan:
The Human Resource Plan:
A. Should be created by the Human Resources department
B. IS a part of the resource management plan
C. Is a tool of Develop...
All of the following are typical concerns of matrixed team members EXCEPT?
All of the following are typical concerns of matrixed team members EXCEPT?
A. Wondering who will handle their evaluations
B. Servicing multiple...
Which statement below BEST matches a Theory X manager's beliefs?
Which statement below BEST matches a Theory X manager's beliefs?
A. People want to be rewarded for their work
B. People have higher needs that will...
An obstacle to team building in a matrix organization is that the:
An obstacle to team building in a matrix organization is that the:
A. Team organization is technically focused
B. Team members are borrowed resources...
What is considered the LEAST desirable form of power for a project manager to exercise?
What is considered the LEAST desirable form of power for a project manager to exercise?
A. Formal
B. Referent
C. Punishment
D. Forcing
Answer:...
The "Halo Effect" refers to the tendency to:
The "Halo Effect" refers to the tendency to:
A. Promote from within
B. Hire the best
C. Move people into project management because they...
Who manages the resources in a matrix organization?
Who manages the resources in a matrix organization?
A. Senior Managers
B. Functional Managers
C. Project Manager
D. Human Resources
Answer:...
The highest point of Maslow's hierarchy if needs is?
The highest point of Maslow's hierarchy if needs is?
A. Physiological Satisfaction
B. Attainment of Survival
C. Need for Association
D. Esteem
Answer:...
If you hear a project manager saying to a customer "We all agree that this project is important. Let's not fight over a few thousand dollars," what conflict resolution technique is the project manager trying to use?
If you hear a project manager saying to a customer "We all agree that this project is important. Let's not fight over a few thousand dollars," what...
All of the following are forms of power derived from the project manager's positions EXCEPT?
All of the following are forms of power derived from the project manager's positions EXCEPT?
A. Formal
B. Reward
C. Penalty
D. Expert
Answer:...
Which of the following is the BEST thing to do to improve the project?
There have been many work packages completed successfully on the project, and the sponsor has made some recommendations for improvements. The project...
A large project is underway when one of the team members reviews the project status report. He sees that the project is currently running late. As he looks at the report further, he notices that the delay will cause one of his activities to be scheduled during a time he will be out of the country and cannot work on the activity. This is of great concern because he is very committed to the project being successful and he does not want to be the cause of the project being further delayed. What is the BEST THING for him to do?
A large project is underway when one of the team members reviews the project status report. He sees that the project is currently running late. As he...
The project manager is looking at the project's resource needs and lessons learned from past projects. This information causes the project manager to be concerned about the ability to acquire enough resources for the project in six months. Which of the following would be the LEAST effective preventive action?
The project manager is looking at the project's resource needs and lessons learned from past projects. This information causes the project manager to...
During the first half of the project, five team members left for other projects without being replaced, two team members went on vacation without informing you, and other team members expressed uncertainty about the work they were to complete. In this situation, it is BEST if you create a _____ for the second half of the project.
During the first half of the project, five team members left for other projects without being replaced, two team members went on vacation without informing...
Which of the following leadership traits is MOST important for a project manager?
Which of the following leadership traits is MOST important for a project manager?
A. Communication
B. Team building
C. Technical expertise
D. Project...
The management theory that states that all people can direct their own efforts is:
The management theory that states that all people can direct their own efforts is:
A. Theory Y
B. Herzberg's theory
C. Maslow's hierarchy
D. Theory...
You just found out that a major subcontractor for your project consistently provides deliverables late. The subcontractor approaches you and asks you to continue accepting late deliverables in exchange for a decrease in project costs. This offer is an example of:
You just found out that a major subcontractor for your project consistently provides deliverables late. The subcontractor approaches you and asks you...
The project CPI is 1.02, the benefit cost ratio is 1.7, and the latest round of performance reviews identified few needed adjustments. The project team was co-located into a new building when the project started. Everyone commented on how excited they were to have all new facilities. The sponsor is providing adequate support for the project, and few unidentified risks have occurred. In an attempt to improve performance, the project manager spends part of the project budget on new chairs for the team members and adds the term "senior" to each team member's job title. Which of the following is the MOST correct thing that can be said of this project or the project manager?
The project CPI is 1.02, the benefit cost ratio is 1.7, and the latest round of performance reviews identified few needed adjustments. The project team...
A project manager had a complex problem to solve and made a decision about what needed to be done. A few months later, the problem resurfaced. What did the project manager MOST likely not do?
A project manager had a complex problem to solve and made a decision about what needed to be done. A few months later, the problem resurfaced. What...
Project performance appraisals are different from team performance assessments in that project performance appraisals focus on:
Project performance appraisals are different from team performance assessments in that project performance appraisals focus on:
A. How an individual...
The project has been challenging to manage. Everyone has been on edge due to pressure to complete the project on time. Unfortunately, the tension has grown to the point where team meetings have become shouting matches and little work is accomplished during the meetings. One team member asks to be excused from future team meetings, as all the shouting upsets him. Meanwhile, the sponsor has asked to attend team meetings in order to better understand how the project is going and the issues involved in completing the project, and the customer has started discussions about adding scope to the project. In this situation, it would be BEST for the project manager to:
The project has been challenging to manage. Everyone has been on edge due to pressure to complete the project on time. Unfortunately, the tension has...
The installation project has a CPI of 1.03 and an SPI of 1.0. There are 14 team members, and each team member had input into the final project management plan. The customer has accepted the three deliverables completed so far without complaint and the responsibility assignment matrix has not changed since the project began. The project is being completed in a matrix environment and there are no contracts needed for the project. Though the sponsor is happy with the status of the project, one of the team members is always complaining about how much time his project work is taking. Which of the following would be the BEST thing for the project manager to do?
The installation project has a CPI of 1.03 and an SPI of 1.0. There are 14 team members, and each team member had input into the final project management...
Conflict resolution techniques that may be used on a project include confronting, smoothing, forcing, and:
Conflict resolution techniques that may be used on a project include confronting, smoothing, forcing, and:
A. Withdrawing
B. Directing
C. Organizing
D....
What theory proposes that employees' efforts will lead to effective performance and the employees will be rewarded for accomplishments?
What theory proposes that employees' efforts will lead to effective performance and the employees will be rewarded for accomplishments?
A. Conditional...
A project is in the middle of execution when a stakeholder suggests a major new change. This change will cause the third major overhaul of the project. At the same time, the project manager discovers that a major work package was not completed because a team member's boss moved him to another project that had a higher priority. Which of the following is the BEST person for the project manger to address these issues with?
A project is in the middle of execution when a stakeholder suggests a major new change. This change will cause the third major overhaul of the project....
A project manager is trying to settle a dispute between two team members. One says the systems should be integrated before testing, and the other maintains each system should be tested before integration. The project involves over 30 people, and 12 systems need to be integrated. The sponsor is demanding that integration happen on time. What is the BEST statement the project manager can make to resolve the conflict?
A project manager is trying to settle a dispute between two team members. One says the systems should be integrated before testing, and the other maintains...
The project is just starting out and consists of people from 14 different departments. The project charter was signed by one person and contains over 30 major requirements that must be met on the project. The sponsor has informed the project manager that the SPI must be kept between 0.95 and 1.1. A few minutes of investigation resulted in the identification of 34 stakeholders, and the schedule objectives on the project are constrained. A project manager has just been hired. Which of the following types of project management power will BEST help the project manager gain the cooperation of others?
The project is just starting out and consists of people from 14 different departments. The project charter was signed by one person and contains over...
The new project is exciting to both the project manager and the team. This is the project manager's first assignment as project manager. The team has the feeling that they will be able to complete work that has never been tried before. There are 29 people contributing to the product description, and the team consists of nine highly experienced experts in their field. Part of the way through planning, three highly technical team members are disagreeing about the scope of two of the deliverables. One is pointing to the draft WBS and saying that two additional work packages should be added. Another is saying that a particular work package should not even be done. The third team member agrees with both of them. How should the project manager BEST deal with the conflict?
The new project is exciting to both the project manager and the team. This is the project manager's first assignment as project manager. The team has...
A project has several teams. Team C has repeatedly missed deadlines in the past. This has caused team D to have to crash the critical path several times. As the team leader for team D, you should meet with the:
A project has several teams. Team C has repeatedly missed deadlines in the past. This has caused team D to have to crash the critical path several times....
A project manager has just found out that a major subcontractor for her project is consistently late delivering work. The project team member responsible for this part of the project does not get along with the subcontractor. To resolve the problem, the project manager says, "You both will have to give up something to solve this problern," What conflict resolution method is she using?
A project manager has just found out that a major subcontractor for her project is consistently late delivering work. The project team member responsible...
A team member is not performing well on the project because she is inexperienced in system development work. There is no one else available who is better qualified to do the work. What is the BEST solution for the project manager?
A team member is not performing well on the project because she is inexperienced in system development work. There is no one else available who is better...
You are a project manager leading a cross-functional project team in a weak matrix environment. None of your project team members report to you functionally, and you do not have the ability to directly reward their performance. The project is difficult, involving tight date constraints and challenging quality standards. Which of the following types of project management power will likely be the MOST effective in this circumstance?
You are a project manager leading a cross-functional project team in a weak matrix environment. None of your project team members report to you functionally,...
During every project team meeting, the project manager asks each team member to describe the work he or she is doing, and the project manager assigns new activities to team members. The length of these meetings has increased because there are many different activities to assign. This could be happening for all the following reasons EXCEPT:
During every project team meeting, the project manager asks each team member to describe the work he or she is doing, and the project manager assigns...
A project manager must publish a project schedule. Activities, start/end times, and resources are identified. What should the project manager do NEXT?
A project manager must publish a project schedule. Activities, start/end times, and resources are identified. What should the project manager do NEXT?
A....
During project planning in a matrix organization, the project manager determines that additional human resources are needed. From whom would he request these resources?
During project planning in a matrix organization, the project manager determines that additional human resources are needed. From whom would he request...
You have just been assigned as project manager for a large telecommunications project. This one-year project is about halfway done. The project team consists of 5 sellers and 20 of your company's employees. You want to understand who is responsible for doing what on the project. Where would you find such information?
You have just been assigned as project manager for a large telecommunications project. This one-year project is about halfway done. The project team...
What does a resource histogram show that a responsibility assignment matrix does not?
What does a resource histogram show that a responsibility assignment matrix does not?
A. Time
B. Activity
C. Interrelationships
D. The person in charge...
What conflict resolution technique is a project manager using when he says, "I cannot deal with this issue now!"
What conflict resolution technique is a project manager using when he says, "I cannot deal with this issue now!"
A. Problem solving
B. Forcing
C. Withdrawal
D....
The MOST common causes of conflict on a project are schedules, project priorities, and:
The MOST common causes of conflict on a project are schedules, project priorities, and:
A. Personality
B. Resources
C. Cost
D. Management
Answer...
Which of the following conflict resolution techniques will generate the MOST lasting solution?
Which of the following conflict resolution techniques will generate the MOST lasting solution?
A. Forcing
B. Smoothing
C. Compromise
D. Problem solving
Answer...
The sponsor's role on a project is BEST described as:
The sponsor's role on a project is BEST described as:
A. Helping to plan activities
B. Helping to prevent unnecessary changes to project objectives
C....
The halo effect refers to the tendency to:
The halo effect refers to the tendency to:
A. Promote from within.
B. Hire the best.
C. Move people into project management because they are good...
The highest point of Maslow's hierarchy of needs is called:
The highest point of Maslow's hierarchy of needs is called:
A. Physiological satisfaction
B. Attainment of survival
C. Need for association
D. Esteem
Answer...
All of the following are forms of power derived from the project manager's position EXCEPT:
All of the following are forms of power derived from the project manager's position EXCEPT:
A. Formal
B. Reward
C. Penalty
D. Expert
Answer...
Work on a project is ongoing when the project manager overhears two workers arguing over what a set of instructions mean. The project manager investigates and discovers that the instructions for the construction of the concrete footings currently being poured were poorly translated between the different languages in use on the project. Which of the following is the BEST thing for the project manager to do FIRST?
Work on a project is ongoing when the project manager overhears two workers arguing over what a set of instructions mean. The project manager investigates...
Which of the following explains why quality is planned in and not inspected in?
Which of the following explains why quality is planned in and not inspected in?
A. It reduces quality and is less expensive
B. It improves quality...
As the project manager, you are preparing your methods for quality management. You are looking for a method that can demonstrate the relationship between events and their resulting effects. You want to use a method to depict the events that cause a negative effect on quality. Which of the following is the BEST choice for accomplishing your objective?
As the project manager, you are preparing your methods for quality management. You are looking for a method that can demonstrate the relationship between...
The department manager communicates that his staff is following a company policy that requires two levels of testing. During the conversation, the department manager also makes a comment that leads the project manager to believe that the policy may include excessive work. This is the fourth time the project manager has heard such a comment. What is the BEST thing to do?
The project manager notices that project activities being completed by one department are all taking slightly longer than planned. To date, none of the...
During project executing, a project team member informs the project manager that a work package has not met the quality metric, and that she believes it is not possible to meet it. The project manager meets with all parties concerned to analyze the situation. Which part of the quality management process is the project manager involved in?
During project executing, a project team member informs the project manager that a work package has not met the quality metric, and that she believes...
At the end of a project, a project manager determines that the project has added four areas of functionality and three areas of performance. The customer has expressed satisfaction with the project. What does this mean in terms of success of the project?
At the end of a project, a project manager determines that the project has added four areas of functionality and three areas of performance. The customer...
A project is facing a major change to its project deliverables. If the project manager is involved in determining which quality standards are relevant to the change, the project manager must be involved in:
A project is facing a major change to its project deliverables. If the project manager is involved in determining which quality standards are relevant...
A project manager has just taken over the project from another project manager during the execution of the project. The previous project manager created a project budget, determined communications requirements, and went on to complete work packages. What should the new project manager do NEXT?
A project manager has just taken over the project from another project manager during the execution of the project. The previous project manager created...
The project you are working on has an increase in cost effectiveness, increased productivity, and increased morale. What might be the reason for these changes?
The project you are working on has an increase in cost effectiveness, increased productivity, and increased morale. What might be the reason for these...
The new software installation project is in progress. The project manager is working with the quality assurance department to improve everyone's confidence that the project will satisfy the quality standards. Which of the following MUST they have before they start this process?
The new software installation project is in progress. The project manager is working with the quality assurance department to improve everyone's confidence...
You are asked to select tools and techniques to implement a quality assurance program to supplement existing quality control activities. Which of the following would NOT be appropriate for this purpose?
You are asked to select tools and techniques to implement a quality assurance program to supplement existing quality control activities. Which of the...
You are in the middle of a major new facility construction project. The structural steel is in place and the heating conduits are going into place, when a senior manager informs you that he is worried that the project will not meet the quality standards. What should you do in this situation?
You are in the middle of a major new facility construction project. The structural steel is in place and the heating conduits are going into place,...
You are a project manager for a major information systems project. Someone from the quality department comes to see you about beginning a quality audit of your project. The team, already under pressure to complete the project as soon as possible, objects to the audit. You should explain to the team that the purpose of a quality audit is:
You are a project manager for a major information systems project. Someone from the quality department comes to see you about beginning a quality audit...
The project team has created a plan for how they will implement the quality policy. It addresses the organizational structure, responsibilities, procedures, and other information about plans for quality. If this changes during the project, WHICH of the following plans will also change?
The project team has created a plan for how they will implement the quality policy. It addresses the organizational structure, responsibilities, procedures,...
During a team meeting, the team adds a specific area of extra work to the project because they have determined it would benefit the customer. What is wrong in this situation?
During a team meeting, the team adds a specific area of extra work to the project because they have determined it would benefit the customer. What is...
A project manager and team from a firm that designs railroad equipment are tasked to design a machine to load stone onto railroad cars. The design allows for two percent spillage, amounting to over two tons of spilled rock per day. In which of the following does the project manager document quality control, quality assurance, and quality improvements for this project?
A project manager and team from a firm that designs railroad equipment are tasked to design a machine to load stone onto railroad cars. The design allows...
You are the program level manager with several project activities underway. In the executing process group, you begin to become concerned about the accuracy of progress reports from the projects. What would BEST support your opinion that there is a problem?
You are the program level manager with several project activities underway. In the executing process group, you begin to become concerned about the...
In planning your project, which would generally have the highest priority: quality, cost, or schedule?
In planning your project, which would generally have the highest priority: quality, cost, or schedule?
A. Cost is most important, quality next, and...
You are managing a project in a just-in-time environment. This will require more attention, because the amount of inventory in such an environment is generally:
You are managing a project in a just-in-time environment. This will require more attention, because the amount of inventory in such an environment is...
A control chart shows seven data points in a row on one side of the mean. What should be done?
A control chart shows seven data points in a row on one side of the mean. What should be done?
A. Perform a design of experiments
B. Adjust the chart...
All of the following result from quality audits EXCEPT:
All of the following result from quality audits EXCEPT:
A. Determination of whether project activities comply with organizational policies
B. Improved...
What percentage of the total distribution is 3 sigma from the mean equal to?
What percentage of the total distribution is 3 sigma from the mean equal to?
A. 68.26%
B. 99.99%
C. 95.46%
D. 99.73%
Answer...
Standard deviation is a measure of how:
Standard deviation is a measure of how:
A. Far the estimate is from the highest estimate
B. Far the measurement is from the mean
C. Correct the sample...
All of the following are examples of the cost of nonconformance EXCEPT:
All of the following are examples of the cost of nonconformance EXCEPT:
A. Rework
B. Quality training
C. Scrap
D. Warranty costs
Answer...
Testing the entire population would:
Testing the entire population would:
A. Take too long
B. Provide more information than wanted
C. Be mutually exclusive
D. Show many defects
Answer...
A control chart helps the project manager:
A control chart helps the project manager:
A. Focus on the most critical issues to improve quality
B. Focus on stimulating thinking
C. Explore a desired...
Pareto charts help the project manager:
Pareto charts help the project manager:
A. Focus on the most critical issues to improve quality
B. Focus on stimulating thinking
C. Explore a desired...
All the following are examples of Perform Quality Control EXCEPT:
All the following are examples of Perform Quality Control EXCEPT:
A. Inspection
B. Cost of quality
C. Pareto chart
D. Fishbone diagram
Answer...
Quality is:
Quality is:
A. Meeting and exceeding the customer's expectations
B. Adding extras to make the customer happy
C. The degree to which the project meets...
From the project perspective, quality attributes:
From the project perspective, quality attributes:
A. Determine how effectively the performing organization supports the project
B. Provide the basis...
A manager notices that a project manager is holding a meeting with some of the team and some stakeholders to discuss the quality of the project. The project schedule has been compressed, and the CPI is 1.1. They have worked hard on the project, the team has been rewarded according to the reward system the project manager put in place, and there is a strong sense of team. The manager suggests that the project manager does not have enough time to hold meetings about quality when the schedule is so compressed. Which of the following BEST describes why the manager is wrong?
A manager notices that a project manager is holding a meeting with some of the team and some stakeholders to discuss the quality of the project. The...
A project has faced major difficulties in the quality of its deliverables. Management now states that quality is the most important project constraint. If another problem with quality were to occur, what would be the BEST thing for the project manager to do?
A project has faced major difficulties in the quality of its deliverables. Management now states that quality is the most important project constraint....
Who is ultimately responsible for quality management on the project?
Who is ultimately responsible for quality management on the project?
A. The project engineer
B. The project manager
C. The quality manager
D. The...
To what does the following sentence refer? "The point where the benefits or revenue to be received from improving quality equals the incremental cost to achieve that quality"
To what does the following sentence refer? "The point where the benefits or revenue to be received from improving quality equals the incremental cost...
When a product or service completely meets a customer's requirements:
When a product or service completely meets a customer's requirements:
A. Quality is achieved
B. The cost of quality is high
C. The cost of quality...
You've been hired by a large consulting firm to evaluate a software project for them. You have access to the CPI and EV for the project, but not the AC. The CPI is .92 and the EV is $172,500. How much money has actually been spent for the project?
You've been hired by a large consulting firm to evaluate a software project for them. You have access to the CPI and EV for the project, but not the...
You have been asked to select between three projects. Project A has a net present value of $54,750 and will take six months to complete. Project B has a net present value of $85,100 and will take two years to complete. Project C has a net present value or $15,000 and a benefit-cost ratio of 5:2. Which project should you choose?
You have been asked to select between three projects. Project A has a net present value of $54,750 and will take six months to complete. Project B has...
You are the project manager for a railroad construction project. Your sponsor has asked you for a forecast for the cost of project completion. Which of the following is the BEST metric to use for forecasting?
You are the project manager for a railroad construction project. Your sponsor has asked you for a forecast for the cost of project completion. Which...
You are managing a project with a schedule performance index (SPI) of 1.07 and a cost performance index (CPI) of .94. How would you BEST describe this project?
You are managing a project with a schedule performance index (SPI) of 1.07 and a cost performance index (CPI) of .94. How would you BEST describe this...
You are managing a project with AC = $25,100 , ETC = $45,600 , VAC = -$2,600, BAC = $90,000, and EAC = $92,100. Your sponsor asks you to forecast how much money you expect to spend on the remainder of the project. Which is the BEST estimate to use for this forecast?
You are managing a project with AC = $25,100 , ETC = $45,600 , VAC = -$2,600, BAC = $90,000, and EAC = $92,100. Your sponsor asks you to forecast how...
You are managing a project with an EV of $15,000, PV of $12,000, and AC of $11,000. How would you BEST describe this project?
You are managing a project with an EV of $15,000, PV of $12,000, and AC of $11,000. How would you BEST describe this project?
A. The project is ahead...
You are managing a construction project to install new door frames in an office building. You planned on spending $12,500 on the project, but your costs are higher than expected, and now you're afraid that your project is spending too much money. What number tells you the difference between the amount of money you planned on spending and what you've actually spent so far on the project?
You are managing a construction project to install new door frames in an office building. You planned on spending $12,500 on the project, but your costs...
You are managing a construction project that is currently being initiated. You met with the sponsors and several important stakeholders, and have started to work on the preliminary scope statement. You've documented several key assumptions that have been made, and identified project constraints and initial risks. Before you can finish the preliminary scope statement, you must make a rough order of magnitude estimate of both time and cost so that the sponsor can allocate the final budget. What is the range of a rough order of magnitude (ROM) estimate?
You are managing a construction project that is currently being initiated. You met with the sponsors and several important stakeholders, and have started...
You are managing a project with a total budget of $450,000. According to the schedule, your team should have completed 45% of the work by now. But at the latest status meeting, the team only reported that 40% of the work has actually been completed. The team has spent $165,000 so far on the project. How would you best describe this project?
You are managing a project with a total budget of $450,000. According to the schedule, your team should have completed 45% of the work by now. But at...
You are the project manager for a railroad construction project. Your Sponsor has asked you for a forecast for the cost of project completion. The project has a total budget of $80,000 abd CPI of .95 . The project has spent $25,000 of its budget so far. How much more money do you plan to spend on the project?
You are the project manager for a railroad construction project. Your Sponsor has asked you for a forecast for the cost of project completion. The project...
A project manager needs to analyze the project costs to find ways to decrease costs. It would be BEST if the project manager looks at:
A project manager needs to analyze the project costs to find ways to decrease costs. It would be BEST if the project manager looks at:
A. Variable...
Cost risk means:
Cost risk means:
A. There are risks that will cost the project money
B. The project is too risky from a cost aspect
C. There is a risk that project...
You provide a project cost estimate for the project to the project sponsor. He is unhappy with the estimate, because he thinks the price should be lower. He asks you to cut 15 percent off the project estimate. What should you do?
You provide a project cost estimate for the project to the project sponsor. He is unhappy with the estimate, because he thinks the price should be lower....
The difference between the cost baseline and the cost budget can be BEST described as:
The difference between the cost baseline and the cost budget can be BEST described as:
A. The management reserve
B. The contingency reserve
C. The...
You are about to take over a project from another project manager and find out the following information about the project. Activity Z has an early start (ES) of day 15 and a late start (LS) of day 20. Activity Z is a difficult activity. The cost performance index (CPI) is 1.1. The schedule performance index (SPI) is 0.8. There are 11 stakeholders on the project. Based on this information, which of the following would you be the MOST concerned about?
You are about to take over a project from another project manager and find out the following information about the project. Activity Z has an early...
Earned value analysis is an example of:
Earned value analysis is an example of:
A. Performance reporting
B. Planning control
C. Ishikawa diagrams
D. Integrating the project components into...
Although the stakeholders thought there was enough money in the budget, halfway through the project the cost performance index (CPI) is 0.7. To determine the root cause, several stakeholders audit the project and discover the project cost budget was estimated analogously. Although the activity estimates add up to the project estimate, the stakeholders think something was missing in how the estimate was campleted. Which of the following describes what was missing? A. Estimated costs should be used to measure CPI B. SPI should be used, not CPI C. Bottom-up estimating should have been used D. Past history was not taken into account Answer C
Although the stakeholders thought there was enough money in the budget, halfway through the project the cost performance index (CPI) is 0.7. To determine...
A manufacturing project has a schedule performance index (SPI) of 0.89 and a cost performance index (CPI) of 0.91. Generally, what is the BEST explanation for why this occurred?
A manufacturing project has a schedule performance index (SPI) of 0.89 and a cost performance index (CPI) of 0.91. Generally, what is the BEST explanation...
A cost management plan contains a description of:
A cost management plan contains a description of:
A. The project costs
B. How resources are allocated
C. The budgets and how they were calculated
D....
Monitoring cost expended to date in order to detect variances from the plan occurs during:
Monitoring cost expended to date in order to detect variances from the plan occurs during:
A. The creation of the cost change management plan
B. Recommending...
The project manager is allocating overall cost estimates to individual activities to establish a baseline for measuring project performance. What process is this?
The project manager is allocating overall cost estimates to individual activities to establish a baseline for measuring project performance. What process...
You have just completed the initiating processes of a small project and are moving into the planning processes when a project stakeholder asks you for the projects budget and cost baseline. What should you tell her?
You have just completed the initiating processes of a small project and are moving into the planning processes when a project stakeholder asks you for...
Early in the life of your project, you are having a discussion with the sponsor about what estimating techniques should be used. You want a form of expert judgment, but the sponsor argues for analogous estimating. It would be BEST to:
Early in the life of your project, you are having a discussion with the sponsor about what estimating techniques should be used. You want a form of...
A new store development project requires the purchase of various equipment, machinery, and furniture. The department responsible for the development recently centralized its external purchasing process and standardized its new order system. In which document can these new procedures be found?
A new store development project requires the purchase of various equipment, machinery, and furniture. The department responsible for the development...
Your cost forecast shows that you will have a cost overrun at the end of the project. Which of the following should you do?
Your cost forecast shows that you will have a cost overrun at the end of the project. Which of the following should you do?
A. Eliminate risks in estimates...
The seller tells you that your activities have resulted in an increase in their costs. You should:
The seller tells you that your activities have resulted in an increase in their costs. You should:
A. Recommend a change to the project costs
B. Have...
The cost contingency reserve should be:
The cost contingency reserve should be:
A. Hidden to prevent management from disallowing the reserve
B. Added to each activity to provide the customer...
Your project has a medium amount of risk and is not very well defined. The sponsor hands you a project charter and asks you to confirm that the project can be completed within the project cost budget. What is the BEST method to handle this?
Your project has a medium amount of risk and is not very well defined. The sponsor hands you a project charter and asks you to confirm that the project...
Which of the following are ALL items included in the cost management plan?
Which of the following are ALL items included in the cost management plan?
A. The level of accuracy needed for estimates, rules for measuring cost...
Which of the following represents the estimated value of the work actually accomplished?
Which of the following represents the estimated value of the work actually accomplished?
A. Earned value (EV)
B. Planned value (PV)
C. Actual cost...
Who has the cost risk in a fixed price (FP) contract?
Who has the cost risk in a fixed price (FP) contract?
A. The team
B. The buyer
C. The seller
D. Management
Answer...
Value analysis is performed to get:
Value analysis is performed to get:
A. More value from the cost analysis
B. Management to buy into the project
C. The team to buy into the project
D....
Project setup costs are an example of:
Project setup costs are an example of:
A. Variable costs
B. Fixed costs
C. Overhead costs
D. Opportunity costs
Answer...
Which type of cost is team training?
Which type of cost is team training?
A. Direct
B. NPV
C. Indirect
D. Fixed
Answer...
During which project management process group are budget forecasts created?
During which project management process group are budget forecasts created?
A. Monitoring and controlling
B. Planning
C. Initiating
D. Executing
Answer...
A cost baseline is an output of which cost management process?
A cost baseline is an output of which cost management process?
A. Estimate Activity Resources
B. Estimate Costs
C. Determine Budget
D. Control Costs
Answer...
A rough order of magnitude estimate is made during which project management process group?
A rough order of magnitude estimate is made during which project management process group?
A. Planning
B. Closing
C. Executing
D. Initiating
Answer...
Which of the following is an example of a parametric estimate?
Which of the following is an example of a parametric estimate?
A. Dollars per module
B. Learning bend
C. Bottom-up
D. CPM
Answer...
Which of the following is NOT needed in order to come up with a project estimate?
Which of the following is NOT needed in order to come up with a project estimate?
A. A WBS
B. A network diagram
C. Risks
D. A change control system
Answer...
A schedule performance index (SPI) of 0.76 means:
A schedule performance index (SPI) of 0.76 means:
A. You are over budget
B. You are ahead of schedule
C. You are only progressing at 76 percent of...
A cost performance index (CPI) of 0.89 means:
A cost performance index (CPI) of 0.89 means:
A. At this time, we expect the total project to cost 89 percent more than planned
B. When the project...
Cost performance measurement is BEST done through which of the following?
Cost performance measurement is BEST done through which of the following?
A. Asking for a percent complete from each team member and reporting that...
The main focus of life cycle costing is to:
The main focus of life cycle costing is to:
A. Estimate installation costs
B. Estimate the cost of operations and maintenance
C. Consider installation...
All of the following are outputs of the Estimate Costs process EXCEPT:
All of the following are outputs of the Estimate Costs process EXCEPT:
A. An understanding of the cost risk in the work that has been estimated
B....
Analogous estimating:
Analogous estimating:
A. Uses bottom-up estimating techniques
B. Is used most frequently during the executing processes of the project
C. Uses top-down...
The customer responsible for overseeing your project asks you to provide a written cost estimate that is 30 percent higher than your estimate of the project's cost. He explains that the budgeting process requires managers to estimate pessimistically to ensure enough money is allocated for projects. What is the BEST way to handle this?
The customer responsible for overseeing your project asks you to provide a written cost estimate that is 30 percent higher than your estimate of the...
If earned value (EV) = 350, actual cost (AC) = 400, planned value (PV) = 325, what is cost variance (CV)?
If earned value (EV) = 350, actual cost (AC) = 400, planned value (PV) = 325, what is cost variance (CV)?
A. 350
B. -75
C. 400
D. -50
Answer...
Estimate at completion (EAC) is a periodic evaluation of:
Estimate at completion (EAC) is a periodic evaluation of:
A. The cost of work completed
B. The value of work performed
C. The anticipated total cost...
One common way to compute estimate at completion (EAC) is to take the budget at completion (BAC) and:
One common way to compute estimate at completion (EAC) is to take the budget at completion (BAC) and:
A. Divide by SPI
B. Multiply by SPI
C. Multiply...
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