This document contains a full length mock test with 30 multiple choice questions related to project risk management based on the PMBOK 5th edition. The questions cover key concepts like identifying stakeholders, stakeholder register, responsibility assignment matrix, communication types, consensus building, communication models, leadership styles, administrative closure, risk management processes, contingency reserves, risk response strategies, and developing contingency plans.
Risk 8- pm study question risk managementMohamed Saeed
This document contains questions and answers related to risk management from PM Study. It discusses topics like risk identification, qualitative and quantitative risk analysis, risk response planning, and risk monitoring and control. The questions cover tools and techniques used in the risk management processes along with examples of their application in project scenarios.
The document discusses various risk management terms and concepts. It provides answers to 27 multiple choice questions related to tools and techniques used in processes like risk identification, risk analysis, risk response planning, and stakeholder management. Key terms and processes covered include the risk register, risk breakdown structure, risk assessment methods like qualitative and quantitative analysis, and stakeholder engagement techniques.
Risk identification should be based on agreed-upon definitions, clearly describe risks, and link risks to project objectives. Avoidance is the most appropriate response when there is no reasonable response to a highly probable threat with high impact. Updating various project documents is the best next step after completing quantitative risk analysis.
This document contains a full length mock test with 35 multiple choice questions related to project management concepts based on the PMBOK Guide 5th edition. The questions cover topics such as project budget overruns, benchmarking, responsibility assignment matrices, project performance measurement, contract types, communication channels, gifts from suppliers, project scope, risk management, and documenting lessons learned.
The document describes a risk related to construction site thefts that has been identified during interviews. Although the risk of theft from the project site is considered low, the risk is recorded on a watchlist so it can be monitored over time to ensure the probability and impact remain low. Risks with low ratings are included on a watchlist for future monitoring.
The document contains 23 multiple choice questions about risk management processes and terminology. It tests knowledge around identifying and prioritizing risks, qualitative and quantitative risk analysis techniques, the risk management plan, risk register, and the process of controlling risks. Key outputs of controlling risks identified are work performance information and OPA updates. Qualitative risk analysis prioritizes risks for further quantitative analysis.
Risk 0-risk-guide book for pmi-rmp by amer elbazMohamed Saeed
This document provides an overview of project risk management. It defines project risk management as including processes for risk management planning, identification, analysis, response planning, and controlling risk on a project. The objectives are to increase the likelihood and impact of positive events and decrease the likelihood and impact of negative events. It describes the six key processes: plan risk management, identify risks, perform qualitative risk analysis, perform quantitative risk analysis, plan risk responses, and control risks. It also discusses individual project risks versus overall project risk, stakeholder risk attitudes, and the iterative nature of project risk management.
The document contains a full length mock test with 23 multiple choice questions related to project management concepts based on the PMBOK 5th edition. The questions cover topics like integrated change control, corrective vs preventive actions, communication management, cost of quality calculation, critical path identification, and organizational structures.
Risk 8- pm study question risk managementMohamed Saeed
This document contains questions and answers related to risk management from PM Study. It discusses topics like risk identification, qualitative and quantitative risk analysis, risk response planning, and risk monitoring and control. The questions cover tools and techniques used in the risk management processes along with examples of their application in project scenarios.
The document discusses various risk management terms and concepts. It provides answers to 27 multiple choice questions related to tools and techniques used in processes like risk identification, risk analysis, risk response planning, and stakeholder management. Key terms and processes covered include the risk register, risk breakdown structure, risk assessment methods like qualitative and quantitative analysis, and stakeholder engagement techniques.
Risk identification should be based on agreed-upon definitions, clearly describe risks, and link risks to project objectives. Avoidance is the most appropriate response when there is no reasonable response to a highly probable threat with high impact. Updating various project documents is the best next step after completing quantitative risk analysis.
This document contains a full length mock test with 35 multiple choice questions related to project management concepts based on the PMBOK Guide 5th edition. The questions cover topics such as project budget overruns, benchmarking, responsibility assignment matrices, project performance measurement, contract types, communication channels, gifts from suppliers, project scope, risk management, and documenting lessons learned.
The document describes a risk related to construction site thefts that has been identified during interviews. Although the risk of theft from the project site is considered low, the risk is recorded on a watchlist so it can be monitored over time to ensure the probability and impact remain low. Risks with low ratings are included on a watchlist for future monitoring.
The document contains 23 multiple choice questions about risk management processes and terminology. It tests knowledge around identifying and prioritizing risks, qualitative and quantitative risk analysis techniques, the risk management plan, risk register, and the process of controlling risks. Key outputs of controlling risks identified are work performance information and OPA updates. Qualitative risk analysis prioritizes risks for further quantitative analysis.
Risk 0-risk-guide book for pmi-rmp by amer elbazMohamed Saeed
This document provides an overview of project risk management. It defines project risk management as including processes for risk management planning, identification, analysis, response planning, and controlling risk on a project. The objectives are to increase the likelihood and impact of positive events and decrease the likelihood and impact of negative events. It describes the six key processes: plan risk management, identify risks, perform qualitative risk analysis, perform quantitative risk analysis, plan risk responses, and control risks. It also discusses individual project risks versus overall project risk, stakeholder risk attitudes, and the iterative nature of project risk management.
The document contains a full length mock test with 23 multiple choice questions related to project management concepts based on the PMBOK 5th edition. The questions cover topics like integrated change control, corrective vs preventive actions, communication management, cost of quality calculation, critical path identification, and organizational structures.
Risk 9-pm study project risk management-testMohamed Saeed
This document discusses decision tree analysis and its use in evaluating multiple options in the presence of uncertainty. A decision tree is a diagram that describes alternatives and implications of choosing one option over another. It helps determine which risks may have the most impact, translate uncertainties into potential effects on objectives, and determine which decision yields the greatest expected value. Solving the decision tree indicates which option has the greatest expected value when considering uncertain implications, costs, rewards, and subsequent decisions that are quantified.
This document contains a full-length mock test with 23 multiple choice questions related to project management concepts from the PMBOK Guide 5th edition. For each question, there is one correct answer choice provided. The test covers topics such as project closing, risk management, procurement management, stakeholder engagement, and organizational structures. The purpose of the test is to evaluate understanding of key project management processes and terminology.
The document provides examples of risk management questions and answers. It includes questions related to calculating Cost Performance Index, probability-impact matrix, customer satisfaction as a risk, qualitative risk analysis tools, risk responses such as mitigation, transference and acceptance, and other risk management processes and techniques.
This document contains a full length mock test with 16 multiple choice questions related to project management based on the PMBOK 5th edition. Each question is followed by an explanation of the correct answer and why the other answer options are incorrect based on the PMBOK definitions and processes. The test covers topics like stakeholder management, scope management, time management, cost management, quality management and human resource management.
Lisa is the project manager updating her project's risk register. She should include a level of detail in the risk responses that corresponds to the priority ranking of each risk. This will allow for an appropriate level of planning for high priority risks without overplanning for lower priority risks.
Jenny uncovered new risk events during quantitative analysis. She should enter these new risks into the risk register so they can be properly monitored and addressed.
The risk management plan will define who will share information on project risks with stakeholders, as it is responsible for communicating how risks will be identified, analyzed, and monitored throughout the project lifecycle.
This document contains a series of questions and answers about project risk management processes and techniques:
1) It describes using decision tree analysis to evaluate options and determine which decision yields the greatest expected value when considering uncertainties.
2) Identify Risks is the process used to determine which risks may affect a project and document their characteristics.
3) Residual risks are risks that remain after risk responses have been implemented and deliberately accepted risks.
4) Contingency plans are planned in advance while workarounds are responses to unplanned risks that have occurred.
5) Establishing a contingency reserve for unplanned risks is an example of active risk acceptance.
The document describes a scenario where a vendor gifts a watch to a project manager after a bidder's conference. It then provides four choices for what the project manager should do in this situation and identifies that the correct choice is to act as per the company's policy regarding accepting gifts. The justification is that company policies must be followed at all costs over respecting other cultures, and accepting gifts could influence the bid selection process.
The document contains 12 multiple choice questions about project management topics such as risk mitigation, contract legality, stakeholder management, ethics, project manager responsibilities, integrated change control, project selection criteria, quality management, and communications management. Each question includes 4 potential answers and an explanation of the correct answer with references to project management standards or textbooks.
Ranga's 51 hot topics to remember for Risk Management Professional (RMP) examrrangraj
1. The document provides 51 topics to remember for the Risk Management Professional (RMP) exam, covering risk management processes, techniques, and concepts.
2. Key areas covered include contingency planning, risk assessment methods like assumption testing and FMEA, risk scoring and ranking, project cost estimation including contingency reserves, and theories around human motivation and management.
3. The exam is expected to include situational questions, as well as questions on risk simulation techniques like Monte Carlo simulation.
The document contains 13 multiple choice questions about project management topics like the characteristics of a project, work breakdown structure (WBS), estimating costs, risk analysis tools, communication plans, contract requirements, quality control, and the standard five process groups. Each question is followed by an explanation of the correct answer with references to the PMBOK Guide.
The type of report that would be created in this situation is an exception report. An exception report only communicates variances outside of pre-determined thresholds, such as a CPI less than 0.96 or an SPI below 0.98, as specified in the question. It allows management to focus only on significant deviations from the plan rather than routine updates.
Order of Magnitude (+- 25% - 50%)
Reference: PMBOK Third Edition, Page Number: 150
So the given estimate range falls under Order of Magnitude estimate.
17. You are developing the schedule for your project. Which of the following is NOT a
technique used for estimating activity durations?
A. Analogous Estimating
B. Parametric Estimating
C. Three-Point Estimating
D. Schedule Network Analysis
17. You are developing the schedule for your project. Which of the following is NOT a
technique used for estimating activity durations?
A. Analogous Estimating
B. Parametric Estimating
NCV 4 Project Management Hands-On Support Slide Show - Module5Future Managers
This slide show complements the Learner Guide NCV 4 Project Management Hands-On Training by Bert Eksteen, published by Future Managers. For more information visit our website www.futuremanagers.net
The document contains 20 multiple choice questions related to project management concepts and processes. The questions cover topics like investment decision making, quality metrics, project team directories, contract management, risk analysis, stakeholder management, and ethics. For each question, the correct multiple choice answer is provided along with a brief justification or reference.
The document contains a practice exam for the PMI Risk Management Professional (PMI-RMP) certification. It includes 33 multiple choice questions related to risk management processes, tools, and techniques. Correct answers are provided for each question. The practice exam covers topics like risk identification, qualitative and quantitative risk analysis, risk response planning, and risk monitoring and control.
The document provides information on cost management for a project management study group session. It includes questions and answers on topics like estimating activity costs, cost baselines, variance analysis, and earned value management.
This document summarizes a study group session on communication management. It discusses communication methods that should be used to provide different types of information to stakeholders, as well as tools that can be used for information distribution and what should be included in a communications management plan. The document contains sample multiple choice questions and answers related to communication management best practices.
The document summarizes key points from a session on risk management:
1. The session discussed tools and techniques for risk response planning, including strategies for negative risks and contingent response planning.
2. It provided examples of different types of risks like secondary risks that can arise from implementing a risk response plan.
3. Residual risks that remain after risk responses have been implemented were also explained.
Project Management Professional (PMP) is an internationally recognized professional designation offered by the PMI. There are currently 773,840 active PMP certified individuals and 286 chartered chapters across 210 countries and territories worldwide. The exam is based on the PMI Project Management Body of Knowledge (PMBOK), and the prerequisites are:
Secondary degree (high school diploma, associate’s degree or the global equivalent)
7,500 hours leading and directing projects
35 hours of project management education
OR
Four-year degree
4,500 hours leading and directing projects
35 hours of project management education
A candidate who passes the exam and meets the professional requirements is awarded the PMP certification.
We are starting a series of questions and answers targeting PMP examination for PMP aspirants. Check out below video for first series of 25 questions with answers and explanation about answer.
The document provides instructions and questions for a sample exam on project management. It begins by noting the time allowed, use of an answer sheet, and instructions for completing the answer sheet. It then lists 60 multiple choice questions on various topics in project management.
This document contains a 20 question practice exam for the Program Management Professional (PgMP) certification. The questions cover topics like earned value management, quality assurance, risk management, change control, and communications planning. Correct answers are provided for each multiple choice question. The exam is part of a demo edition of a PgMP exam preparation program.
Risk 9-pm study project risk management-testMohamed Saeed
This document discusses decision tree analysis and its use in evaluating multiple options in the presence of uncertainty. A decision tree is a diagram that describes alternatives and implications of choosing one option over another. It helps determine which risks may have the most impact, translate uncertainties into potential effects on objectives, and determine which decision yields the greatest expected value. Solving the decision tree indicates which option has the greatest expected value when considering uncertain implications, costs, rewards, and subsequent decisions that are quantified.
This document contains a full-length mock test with 23 multiple choice questions related to project management concepts from the PMBOK Guide 5th edition. For each question, there is one correct answer choice provided. The test covers topics such as project closing, risk management, procurement management, stakeholder engagement, and organizational structures. The purpose of the test is to evaluate understanding of key project management processes and terminology.
The document provides examples of risk management questions and answers. It includes questions related to calculating Cost Performance Index, probability-impact matrix, customer satisfaction as a risk, qualitative risk analysis tools, risk responses such as mitigation, transference and acceptance, and other risk management processes and techniques.
This document contains a full length mock test with 16 multiple choice questions related to project management based on the PMBOK 5th edition. Each question is followed by an explanation of the correct answer and why the other answer options are incorrect based on the PMBOK definitions and processes. The test covers topics like stakeholder management, scope management, time management, cost management, quality management and human resource management.
Lisa is the project manager updating her project's risk register. She should include a level of detail in the risk responses that corresponds to the priority ranking of each risk. This will allow for an appropriate level of planning for high priority risks without overplanning for lower priority risks.
Jenny uncovered new risk events during quantitative analysis. She should enter these new risks into the risk register so they can be properly monitored and addressed.
The risk management plan will define who will share information on project risks with stakeholders, as it is responsible for communicating how risks will be identified, analyzed, and monitored throughout the project lifecycle.
This document contains a series of questions and answers about project risk management processes and techniques:
1) It describes using decision tree analysis to evaluate options and determine which decision yields the greatest expected value when considering uncertainties.
2) Identify Risks is the process used to determine which risks may affect a project and document their characteristics.
3) Residual risks are risks that remain after risk responses have been implemented and deliberately accepted risks.
4) Contingency plans are planned in advance while workarounds are responses to unplanned risks that have occurred.
5) Establishing a contingency reserve for unplanned risks is an example of active risk acceptance.
The document describes a scenario where a vendor gifts a watch to a project manager after a bidder's conference. It then provides four choices for what the project manager should do in this situation and identifies that the correct choice is to act as per the company's policy regarding accepting gifts. The justification is that company policies must be followed at all costs over respecting other cultures, and accepting gifts could influence the bid selection process.
The document contains 12 multiple choice questions about project management topics such as risk mitigation, contract legality, stakeholder management, ethics, project manager responsibilities, integrated change control, project selection criteria, quality management, and communications management. Each question includes 4 potential answers and an explanation of the correct answer with references to project management standards or textbooks.
Ranga's 51 hot topics to remember for Risk Management Professional (RMP) examrrangraj
1. The document provides 51 topics to remember for the Risk Management Professional (RMP) exam, covering risk management processes, techniques, and concepts.
2. Key areas covered include contingency planning, risk assessment methods like assumption testing and FMEA, risk scoring and ranking, project cost estimation including contingency reserves, and theories around human motivation and management.
3. The exam is expected to include situational questions, as well as questions on risk simulation techniques like Monte Carlo simulation.
The document contains 13 multiple choice questions about project management topics like the characteristics of a project, work breakdown structure (WBS), estimating costs, risk analysis tools, communication plans, contract requirements, quality control, and the standard five process groups. Each question is followed by an explanation of the correct answer with references to the PMBOK Guide.
The type of report that would be created in this situation is an exception report. An exception report only communicates variances outside of pre-determined thresholds, such as a CPI less than 0.96 or an SPI below 0.98, as specified in the question. It allows management to focus only on significant deviations from the plan rather than routine updates.
Order of Magnitude (+- 25% - 50%)
Reference: PMBOK Third Edition, Page Number: 150
So the given estimate range falls under Order of Magnitude estimate.
17. You are developing the schedule for your project. Which of the following is NOT a
technique used for estimating activity durations?
A. Analogous Estimating
B. Parametric Estimating
C. Three-Point Estimating
D. Schedule Network Analysis
17. You are developing the schedule for your project. Which of the following is NOT a
technique used for estimating activity durations?
A. Analogous Estimating
B. Parametric Estimating
NCV 4 Project Management Hands-On Support Slide Show - Module5Future Managers
This slide show complements the Learner Guide NCV 4 Project Management Hands-On Training by Bert Eksteen, published by Future Managers. For more information visit our website www.futuremanagers.net
The document contains 20 multiple choice questions related to project management concepts and processes. The questions cover topics like investment decision making, quality metrics, project team directories, contract management, risk analysis, stakeholder management, and ethics. For each question, the correct multiple choice answer is provided along with a brief justification or reference.
The document contains a practice exam for the PMI Risk Management Professional (PMI-RMP) certification. It includes 33 multiple choice questions related to risk management processes, tools, and techniques. Correct answers are provided for each question. The practice exam covers topics like risk identification, qualitative and quantitative risk analysis, risk response planning, and risk monitoring and control.
The document provides information on cost management for a project management study group session. It includes questions and answers on topics like estimating activity costs, cost baselines, variance analysis, and earned value management.
This document summarizes a study group session on communication management. It discusses communication methods that should be used to provide different types of information to stakeholders, as well as tools that can be used for information distribution and what should be included in a communications management plan. The document contains sample multiple choice questions and answers related to communication management best practices.
The document summarizes key points from a session on risk management:
1. The session discussed tools and techniques for risk response planning, including strategies for negative risks and contingent response planning.
2. It provided examples of different types of risks like secondary risks that can arise from implementing a risk response plan.
3. Residual risks that remain after risk responses have been implemented were also explained.
Project Management Professional (PMP) is an internationally recognized professional designation offered by the PMI. There are currently 773,840 active PMP certified individuals and 286 chartered chapters across 210 countries and territories worldwide. The exam is based on the PMI Project Management Body of Knowledge (PMBOK), and the prerequisites are:
Secondary degree (high school diploma, associate’s degree or the global equivalent)
7,500 hours leading and directing projects
35 hours of project management education
OR
Four-year degree
4,500 hours leading and directing projects
35 hours of project management education
A candidate who passes the exam and meets the professional requirements is awarded the PMP certification.
We are starting a series of questions and answers targeting PMP examination for PMP aspirants. Check out below video for first series of 25 questions with answers and explanation about answer.
The document provides instructions and questions for a sample exam on project management. It begins by noting the time allowed, use of an answer sheet, and instructions for completing the answer sheet. It then lists 60 multiple choice questions on various topics in project management.
This document contains a 20 question practice exam for the Program Management Professional (PgMP) certification. The questions cover topics like earned value management, quality assurance, risk management, change control, and communications planning. Correct answers are provided for each multiple choice question. The exam is part of a demo edition of a PgMP exam preparation program.
Question 1 According to the textbook, risk management plans ad.docxIRESH3
Question 1
According to the textbook, risk management plans address 8 topics. Which of the following is not one of these topics?
a.
Roles and responsibilities
b.
Work breakdown structure
c.
Budget and schedule
d.
Tracking
Question 2
Many tools and techniques have been developed to help identify project risks. The US Government has appointed an independent experts group to anonymously provide their opinion on what may happen in future. What is the tool/technique adopted?
a.
Brainstorming
b.
Delphi technique
c.
SWOT analysis
d.
Interviewing
Question 3
The executive management of your organization has asked you, the project manager, for a periodic review of the project risks. Which risk analysis tool will you use that will help in monitoring the risks throughout the project life?
a.
Top ten risk item tracking
b.
Probability/impact matrix
c.
Risk breakdown structure
d.
Risk ranking chart
Question 4
People’s attitudes towards risk vary. Some derive a high degree of satisfaction only from high stake risks whereas others are happy only when the stakes are low. What is the term for the measure of this satisfaction?
a.
Risk reward
b.
Risk gratification
c.
Risk appetite
d.
Risk utility
Question 5
You are tasked with preparing the risk breakdown structure for a project. After a thorough investigation you find that the responsibilities of each project team member have not been clearly defined. Which knowledge area of project management is this associated with?
a.
Human resources
b.
Scope
c.
Communications
d.
Integration
Question 6
An organization is evaluating the risks involved in implementing a sales force automation solution. It has been evaluated that the organization can save a lot of money. At this stage it is important to understand if the sales team will use this system. What category of risk needs to be assessed?
a.
Financial risk
b.
People risk
c.
Process risk
d.
Market risk
Question 7
Risks are controlled in two ways. It is essential to raise risk awareness and make it an ongoing activity for all project team members. In addition, risk events should trigger the execution of the risk management plan in order to control the risk. A number of tools and techniques are available to control risk. Which of the following is not one of the techniques for risk control?
a.
Risk reassessment
b.
Variance and trend analysis
c.
Periodic risk reviews
d.
Budget preparation
Question 8
Risk can be mitigated by reducing the probability of it happening. If project managers use established processes then some of the risk can be mitigated. The triple constraint of scope, cost and time are affected by technical, cost and schedule risks respectively. Which risk mitigation strategy helps lower the probability of all three risks?
a.
Use WBS and CPM
b.
Increase project manager authority
c.
Improve problem handling
d.
Emphasize team support
Question 9
Negative risks are potential hurdles to the execution of a pro ...
This document summarizes a study session for the CAPM exam. The agenda includes reviewing questions from previous content, mapping knowledge areas to exam domains, and discussing PM concepts in the context of exam questions. Sample exam questions are presented covering topics like conflict resolution, risk management, procurement, and resource management. The session concludes with next steps which are to finish asynchronous content, study key concepts, and take a practice exam in preparation for the next session.
SKILLOGIC is a global training institute for PMP certification. If you are looking for PMP certification on the first attempt, SKILLOGIC is the best choice.
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The document appears to contain 15 multiple choice questions about communications management concepts from project management. The questions cover topics like identifying different communication types, inputs to the plan communications process, when to create a communication plan, examples of active listening, using work performance information, calculating lines of communication, and identifying examples of communication noise.
1
Marks: 1
Many people consider project integration management the key to overall pr= oject success.
Answer:
Question 2
Marks: 1
The ____ section of the project plan should describe the major project functions and activities and identify those individuals who are responsible for them.
Choose one answer.
a. organizational charts
b. other organizational or process-related informatio= n
c. project responsibilities
d. management objectives
Question 3
Marks: 1
____ should result in improvements in project performance.
Choose one answer.
a. Corrective actions
b. Corrective reports
c. Preventive actions
d. Proactive methods
Question 4
Marks: 1
The majority of time on a project is usually spent on ____, as is most of= the project’s budget.
Choose one answer.
a. execution
b. planning
c. closing
d. monitoring and controlling </= label>
Question 5
Marks: 1
A ____ is a document that includes details related to the identified proj= ect stakeholders.
Choose one answer.
a. stakeholder register
b. stakeholder list
c. stakeholder directory
d. stakeholder contact list
Question 6
Marks: 1
Key outcomes of the executing process group are formal acceptance of the = work and creation of closing documents.
Answer:
Question 7
Marks: 1
____ provide information on how project execution is going.
Choose one answer.
a. Performance reports
b. Change requests
c. Deliverables
d. Contracts
Question 8
Marks: 1
Decisions and actions taken in one knowledge area at a certain time rarel= y affect other knowledge areas.
Answer:
Question 9
Marks: 1
____ is a planning process falling under the Project Integration Manageme= nt knowledge area.
Choose one answer.
a. Schedule development
b. Develop project management plan =
c. Create WBS
d. Quality planning
Question 10
Marks: 1
Project integration management must occur just within the context of a pa= rticular project.
Answer:
Question 11
Marks: 1
During ____ processes for a new project, the organization recognizes that a new project exists, and completes a project charter as part of this recognition.
Choose one answer.
a. initiating
b. planning
c. opening
d. controlling
Question 12
Marks: 1
Author ____, who developed the concept of the strategic value of competitive advantage, has written several books and articles on strategic planning and competition.
Choose one answer.
a. James Bacon
b. Michael Porter
c. Robert Cooper
d. Carol Matlack
Question 13
Marks: 1
Opportunities and directives are essentially the same thing.
Answer:
Question 14
Marks: 1
____ tools track the execution of business process flows and expose how the state of supporting IT systems and resources is impacting end-to-end business process performance in real time.
Choose one answer.
a. BSM
b. CCB
c. CCA
d. BSC
Question 15
Marks: 1
____ analysis is a method of calculating the expected net monetary gain or loss from a project by discounting all expected future cash inflows .
Liberty university busi 313 quiz 4 complete solutions correct answers slideshareSong Love
Liberty University BUSI 313 quiz 4 complete solutions correct answers slideshare
Six different versions
https://www.coursemerit.com/solution-details/20165/Liberty-University-BUSI-313-quiz-4-complete-solutions-correct-answers-A-work
Score 11 12Week 2 Knowledge Check Study GuideConcepts .docxkenjordan97598
Score: / 11 12Week 2 Knowledge Check Study Guide
Concepts Mastery Questions
Strategies for SWOT
Analyses 100%
1 2 3
Strategic and Operational
Plans 67%
4 5 6
Differentiate Between
Goals and Plans 100%
7 8 9
Examples of Contingency
Factors in Planning 100%
10 11 12
Concept: Strategies for SWOT Analyses
Mastery 100% Questions 1 2 3
Correct:
The Correct Answer is: C.
A weakness describes something an organization does not do well and is
sometimes considered a liability. With awareness, however, it can be corrected.
1.
As a process of self-examination during her senior year of college, Casey decides to
develop a SWOT analysis of her prospects relative to getting a job. Casey realizes that
she has a personal characteristic that suggests she is not comfortable interacting with
strangers. She interprets this as a(n) ________ if she is to get a job as a salesperson.
A. threat
B. strength
C. weakness
D. opportunity
Correct:
The Correct Answer is: D.
An opportunity is one part of a SWOT analysis. It is defined as a positive trend in the
external environment. In this case, the good economic condition for the marketing
industry is the external positive trend.
2.
Casey is looking for a new job. She decides to develop a SWOT analysis of the industries
she might want to work in. Casey majored in marketing and enjoyed studying market
research. Through her research on the Internet and in the University Library, she learns
that this industry is currently doing well. She interprets this as a(n) ________.
A. weakness
B. threat
C. strength
D. opportunity
Correct:
The Correct Answer is: C.
An organization will review its external environment when completing a SWOT
analysis. Threats are negative trends in the external environment. In this case,
companies competing in the same market segment are seen as a threat to the
organization.
3.
In performing a SWOT analysis, which of the following would be considered as a threat?
A. Lack of a strategic plan
B. Increased product demand
C. Competitors
D. Recognized brand
Concept: Strategic and Operational Plans
Mastery 67% Questions 4 5 6
4.
Strategic plans are usually ________.
A. short term, directional, and standing
B. short term, specific, and standing
C. long term, directional, and single use
D. long term, specific, and standing
Incorrect:
The Correct Answer is: C.
Strategic plans are often broad and provide a company’s long-term direction. They
are directional in that they are typically flexible and outline general guidelines. They
are also considered single use because they are developed to meet the needs of a
unique situation.
5.
Operational plans are usually ________.
A. short term, directional, and standing
B. short term, specific, and standing
C. long term, directional, and single use
D. long term, specific, and standing
Correct:
The Correct Answer is: B.
Operational plans tend to be more narrow and specific, focusing on goals that
provide guidance fo.
The document contains sample questions and answers from a PMI Risk Management Professional (PMI-RMP) practice exam. It includes 33 multiple choice questions about risk management processes, tools, and techniques. Key topics covered include risk identification, qualitative and quantitative risk analysis, risk response planning, and risk monitoring and control. The level of detail suggests it is providing a practice exam to help candidates prepare for the PMI-RMP certification.
This document provides 160 sample questions for the Project Management Professional (PMP) exam. The questions cover topics such as project management processes, tools and techniques, leadership and management, and global considerations. Sample questions are multiple choice and include the question, possible answers, and the correct answer. The questions range from basic to more advanced.
Project Management
ECE 326 Exam 2
Description: Exam 2 questions for Ece 326
1. 1.Project successor failure often depends upon the contributions of all of the following except: a. Customers b. Suppliers c. Contractors d. Competitors e. Top management D. Competitors
2. 2.Project leadership is about coping with: a. Formulating plans and objectives b. Monitoring results against plans c. Change d. Taking corrective action when necessary e. All of these are part of leadership C. Change
3. 3.In conducting meetings an effective project manager will take the role of a: a. Parliamentarian b. Master of ceremonies c. Conductor d. Cattle herder e. Teacher C. Conductor
4. 4.Groups such as human resources, information systems, purchasing agents, and maintenance are typically classified as: a. Project managers b. Administrative support c. Functional managers d. Project sponsors e. Customers B. Administrative support
5. 5.The old-fashion view of managing projects emphasized which of the following? a. Planning b. Directing c. Controlling d. Both B and C are correct e. A, B, and C are all correct D. Both B and C are correct
6. 6.The new perspective of project management emphasizes which ofthe following? a. Financial control b. Managing project stakeholders c. Schedule/cost tradeoffs d. Both A and B are correct e. A, B, and C are all correct B. Managing project stakeholders
3.
7. 7.In terms of commonly traded organizational currencies, vision, excellence, and ethical correctness are part of ______ related currencies. a. Task b. Position c. Inspiration d. Relationship e. Personal C. Inspiration
8. In terms of commonly traded organizational currencies, resources, assistance, cooperation, and information are part of ______ related currencies. a. Task b. Position c. Inspiration d. Relationship e. Personal A. Task
9. In terms of commonly traded organizational currencies, acceptance, personal support, and understanding are part of _______ related currencies. a. Task b. Position c. Inspiration d. Relationship e. Personal D. Relationship
10.In terms of commonly traded organizational currencies, advancement, recognition, visibility, and networks are part of ______ related currencies. a. Task
b. Position c. Inspiration d. Relationship e. Personal B. Position
11. In terms of commonly traded organizational currencies, learning, ownership, and gratitude are part of ______ related currencies. a. Task
b. Position c. Inspiration d. Relationship e. Personal E. Personal
12. Which of the following is not one of the aspects of leading by example? a. Priorities b. Ethics c. Urgency d. Cooperation e. Power E. Power
13. 13. The traits of successful project managers include all of the following except: a. Pessimist b. Proactive c. Skillful politician d. Effective time management e. Personal integrity a. Pessimist
14. Unlike project leadership, project management is about coping with: a. Change b. Aligning people to any new directions c. ...
Formal project management provides advantages like higher quality, increased reliability, shorter development times, and lower costs due to better control of financial, physical, and human resources. The document discusses key project management concepts like the project life cycle, stakeholders, process groups, integration management, and agile methodologies. It also addresses topics like virtual teams, outsourcing, configuration management, and change control.
Today, I am launching 2nd video of PMP Questions and Answers Series. Best Part is that almost every question is supported by due explanation which makes the study more thought provoking and easy to remember.
Previous Video of PMP Questions and Answers.
#1 https://youtu.be/T5B481Qbu-s
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This document discusses a cover for protecting items. It notes that the cover is made of a flexible, water-resistant material that can be folded or rolled up for storage. The cover is described as protecting items from rain, snow, dirt and other elements when not in use. It also mentions that the cover has reinforced seams and grommets for tying it down.
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The document discusses a construction project to build a new structure measuring 16.5 meters by 39.6 meters. Details provided include the dimensions of the building, materials used, estimated costs, and an overview of the work completed so far. The summary recaps the essential details about scope, specifications, and progress of the construction project presented in the source material.
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Pmp test 05
1. Full Length Mock Test 05.
Resources: Based on PMBOK 5th Edition
Info:
Maintainer: TechFAQ360
Home page: http://www.techfaq360.com
Version: 2
Questions
Question - 1
Finding out all people or organizations impacted by the project is called_________.
A. Identify Stakeholders
B. Plan Stakeholder Management
C. Manage Stakeholder Engagement
D. Reports performance
A is the correct answer. Finding out all people or organizations impacted by the project is called
Identify Stakeholders. PMBOK page no 392.
Question - 2
Which of the following is an output of Identify Stakeholders?
A. Stakeholder Register
B. Initial list of stakeholders
C. Project Management plan
D. Communication plan
2. A is the correct answer. Stakeholder Register is the output of Identify Stakeholders. Initial list of
stakeholders can be found in project charter. PMBOK page no 391.
Question - 3
Who is responsible for managing stakeholder's expectations ?
A. Sponsor
B. Project Lead
C. Project Manager
D. Senior Management
C is the correct answer. Project Manager is responsible for stakeholder's expectations
management.
Question - 4
The ___________ is used to document changes that occur during a project?
A. Issue Log
B. Change Log
C. Project Management Plan
D. Scope statement
B is the correct answer. The Change Log is used to document changes that occur during a
project. PMBOK page no 406.
Question - 5
3. A document or tool which describes when and how human resources will be brought onto and
taken off the project team is called _______.
A. Staffing Management Plan
B. Responsibility Assignment Matrix (RAM)
C. Organizational Breakdown Structure (OBS)
D. Resource Assignment Chart
A is the correct answer. Staffing Management Plan:A document or tool which describes when
and how human resources will be brought onto and taken off the project team
Question - 6
A tool which is used to illustrate links between work packages or activities and team members is
called _______.
A. Define Scope Matrix
B. Responsibility Assignment Matrix
C. Roles Assignment Matrix
D. Project Scope and Roles Matrix
B is the correct answer. A tool which is used to illustrate links between work packages or
activities and team members is called Responsibility Assignment Matrix
Question - 7
Which of the following is not a process of Project Communications Management?
A. Plan Communications
4. B. Manage Communications
C. Control Communications
D. Conflict Management
D is the correct answer. Conflict Management is a tool and technique for Manage Project Team
Question - 8
Which of the following is output of the Plan Communications process?
A. Project Records
B. Communications Management Plan
C. Performance Reports
D. Formal Acceptance
B is the correct answer. Communications Management Plan and Project document updates are
output of the Plan Communications process.
Question - 9
How much time does a typical project manager spend communicating both formally and
informally?
A. 40-60%
B. 50-70%
C. 60-80%
D. 75-90%
5. D is the correct answer. project manager spend 75-90% time to communicate both formally and
informally
Question - 10
Group brainstorming encourages all of the following except ___________.
A. Team building
B. Analysis of alternatives
C. Convergent thinking
D. Uninhibited verbalization
C is the correct answer. Group brainstorming does not encourages Convergent thinking
Question - 11
The three major types of communication are:
A. Written, verbal, and non-verbal
B. Verbal, formal documentation, and informal documentation
C. Verbal, written, and graphic
D. Verbal, written, and electronic
A is the correct answer. Written, verbal, and non-verbal are three major types of communications
Question - 12
All of the following aid in achieving consensus EXCEPT __________.
6. A. Maintaining a focus on the problem, not each other
B. Avoiding conflict
C. Seeking facts
D. Avoiding voting, trading, or averaging
B is the correct answer. Avoiding conflict is the correct answer.
Question - 13
All of the following are communication tools EXCEPT _________.
A. Memos
B. Verbal circulation of a rumour
C. Video conferencing
D. Inputting data into a spreadsheet
D is the correct answer. Inputting data into a spreadsheet is not communication tool. Memos
belongs to push communication. Video conferencing belongs to interactive communication.
Question - 14
A Strong Matrix is _____.
A. A balanced matrix organization
B. Where all team members are brought together in one location
C. Where functional managers operate in a dual reporting structure reporting to both their own
departments and to the project manager
7. D. Power reset with Functional Manager
B is the correct answer. No Expl 14
Question - 15
The sender is responsible for __________.
A. Confirming that the message is understood
B. Ensuring that the receiver agrees with the message
C. Scheduling communication exchange
D. Presenting the message in the most agreeable manner
A is the correct answer. The sender is responsible for Confirming that the message is understood
Question - 16
What are the four parts of the communications model?
A. Sending, Receiving, Decoding, and Comprehending
B. Sender, Message, Medium, and Receiver
C. Communicator, Message, Receiver, and Decoder
D. Communicating, Transmitting, Receiving, and Comprehending
B is the correct answer. four parts of the communications model are Sender, Message, Medium,
and Receiver
8. Question - 17
A leadership style in which the project manager shares problems with team members and
formulates solutions as a group is called _________.
A. Autocratic
B. Consultation in a group
C. Consensus
D. One-to-one consultation
C is the correct answer. Consensus is related to Delphi technique.project manager shares
problems with team members and formulates solutions as a group.
Question - 18
Formal acceptance by the client or sponsor of the project should be prepared and distributed
during which of the following process?
A. Distribute Information
B. Administrative Closure
C. Organizational Planning
D. Report Performance
B is the correct answer. Formal acceptance by the client or sponsor of the project should be
prepared and distributed during Administrative Closure process
Question - 19
A project manager's role is likely to be part-time in which of the following organizations?
9. A. Weak matrix
B. Projectized organization
C. Balanced matrix matrix
D. All of the above
A is the correct answer. project manager's role is likely to be cordinator in weak or functional
matrix organization
Question - 20
Project Risk Management includes all of the following processes EXCEPT ________.
A. Plan Risk Management
B. Identify Risks
C. Risk Analysis
D. Plan Risk Response
C is the correct answer. Perform qualitative risk analysis and Perform quantitative risk analysis is
the process of Project Risk Management NOT Risk Analysis
Question - 21
Using the PMBOK definition of contingency reserve, which of the following statements about
contingency reserves is false?
A. A contingency reserve is a separately planned quantity used to allow for future situations
which may be planned for only in part.
B. Contingency reserves may be set aside for known unknowns.
10. C. Contingency reserves may be set aside for unknown unknowns.
D. Contingency reserves are normally included in the project's cost and schedule baselines.
C is the correct answer. Contingency reserves may be set aside for known unknowns
Question - 22
Which of the following is NOT a tool or technique used during the Perform quantitative risk
analysis Process?
A. Expected Monetary Value Analysis
B. Risk Categorization
C. Interviewing
D. Sensitivity Analysis
B is the correct answer. Risk Categorization is done in Perform qualitative risk analysis
Question - 23
A contingency plan is ________.
A. A planned response that defines the steps to be taken, if an identified risk event should occur
B. A workaround
C. A reserve used to allow for future situations which may be planned for only in part
D. All of the above
A is the correct answer. A planned response that defines the steps to be taken, if an identified risk
event should occur is called contingency plan
11. Question - 24
Wgich of the following is NOT considered as strategy for negative risk ?
A. Avoid
B. Transfer
C. Accept
D. Exploit
D is the correct answer. Exploit is considered as strategy for positive risk.Strategies for negative
risks are Avoid,Transfer,Mitigate and Accept.
Question - 25
Wgich of the following is NOT considered as strategy for positive risk ?
A. Avoid
B. Transfer
C. Accept
D. Exploit
D is the correct answer. Exploit is considered as strategy for positive risk.Strategies for negative
risks are Avoid,Transfer,Mitigate and Accept.
Question - 26
A risk response which involves eliminating a threat is called ___________.
12. A. Mitigation
B. Deflection
C. Avoidance
D. Transfer
C is the correct answer. Avoidance is eliminating threat entirely. PMPBOK Page no 303.
Question - 27
Deflection or transfer of a risk to another party is part of which of the following risk response
categories?
A. Transfer
B. Acceptance
C. Avoidance
D. Mitigate
A is the correct answer. transfer of a risk to another party (third party) is part of Transfer strategy
(Strategies for negative risks).
Question - 28
When Identify Risks should be performed?
A. During Concept Phase
B. During Development Phase
C. During Implementation Phase
13. D. On a regular basis throughout the project
D is the correct answer. Identify Risks should be performed On a regular basis throughout the
project
Question - 29
Which of the following statements is false?
A. Uncertainty and risk are greatest at the start of the project and lowest at the end.
B. The amount at stake is lowest at the end of the project and greatest at the start.
C. Expected monetary value can be expressed as the product of the risk event probability and the
risk event value.
D. Opportunities are positive outcome of risks.
B is the correct answer. All statements are true EXCEPT B
Question - 30
A contingency plan is executed when _______.
A. A risk is identified
B. An identified risk occurs
C. When a workaround is needed
D. All of the above
B is the correct answer. A contingency plan is executed when An identified risk occurs
14. Question - 31
Management reserves are used to handle which type of risk?
A. Unknown unknowns
B. Known unknowns
C. Business risks
D. Pure risks
A is the correct answer. Management reserves are used to handle Unknown unknowns. Specific
unknown risks cannot be managed proactively; project team should create a contingency plan.
Question - 32
Which of the following techniques accounts for path convergence and generally estimates project
durations more accurately?
A. CPM
B. PERT
C. Schedule Simulation
D. Path Convergence Method
C is the correct answer. Schedule Simulation generally estimates project durations more
accurately.
Question - 33
Most schedule simulations are based on some form of which of the following?
A. Delphi
15. B. PERT
C. CPM
D. Monte Carlo Analysis
D is the correct answer. Most schedule simulations are based Monte Carlo Analysis
Question - 34
When a risk should be avoided?
A. The risk event has a low probability of occurrence and low impact.
B. The risk event is unacceptable - generally one with a very high probability of occurrence and
high impact.
C. The risk can be transferred by purchasing insurance.
D. A risk event can never be avoided.
B is the correct answer. Most radical avoidance strategy is shutdown the project entirely.
Question - 35
If a project has an 80% chance of activity will take 2 weeks or less. what is the probability of the
event?
A. 75%
B. 65%
C. 50%
D. 20%
16. D is the correct answer. 20% probability of exceeding 2 weeks - 80% chance of activity will take
2 weeks or less
Question - 36
The independence of two events in which the occurrence of one is not related to the occurrence
of the other is called _______.
A. Event phenomenon
B. Independent probability
C. Statistical independence
D. Statistical probability
C is the correct answer. The independence of two events in which the occurrence of one is not
related to the occurrence of the other is called Statistical independence
Question - 37
The one document that should always be used to help identify risk is _______.
A. Risk Management Plan
B. WBS
C. Scope Statement
D. Project Charter
B is the correct answer. WBS always be used to help identify risk.
17. Question - 38
Risks are accepted when __________.
A. You develop a contingency plan to execute in case the risk event occurs.
B. To eliminate the threat entirely.
C. You transfer the risk to another party.
D. Taking early action to reduce probably of risk rather repair the damage after risk has occurred.
A is the correct answer. Risks are accepted when You develop a contingency plan to execute in
case the risk event occurs and You accept the consequences of the risk.
Question - 39
An example of risk mitigation is:
A. Taking early action to reduce probably of risk rather repair the damage after risk has occurred.
B. Purchasing insurance
C. Eliminating the cause of a risk
D. You develop a contingency plan to execute in case the risk event occurs.
A is the correct answer. Taking early action to reduce probably of risk rather repair the damage
after risk has occurred is mitigation.
Question - 40
A unilateral contract under which the seller is paid a preset amount per unit of service is called
__________.
A. A cost reimbursable contract
18. B. A lump sum contract
C. A time and material contract
D. A fixed price contract
C is the correct answer. A unilateral contract under which the seller is paid a preset amount per
unit of service is called time and material contract.
Question - 41
Which of the following is considered during the Plan Procurement Process?
A. Whether to procure
B. How to procure and how much to procure
C. What and when to procure
D. All of the above
D is the correct answer. All of the above are true
Question - 42
Which of the following is a method for quantifying qualitative data in order to minimize the
effect of personal prejudice on source selection?
A. Weighting System
B. Screening System
C. Selecting System
D. None of the above
19. A is the correct answer. Weighting System can be used Select a single seller that will be asked to
sign a contract and establishing a negotiating sequence by raking the proposals by the weighted
evaluation scores assigned to each proposal.
Question - 43
Which of the following is true concerning the evaluation criteria?
A. Can often be found in procurement documents
B. Can be objective or subjective
C. Used to rate or score proposals
D. All of the above
D is the correct answer. All of the above are true
Question - 44
Which of the following are examples of indirect costs?
A. Salaries of corporate executives
B. Salaries of full-time project staff
C. Overhead costs
D. Both a and c
D is the correct answer. Salaries of full-time project staff included in direct cost.
Question - 45
20. Which of the following contract types places the greatest risk on the seller?
A. Cost-plus-fixed-fee contract
B. Cost-plus-incentive-fee contract
C. Fixed-price-incentive fee contract
D. Firm-fixed-price contract
D is the correct answer. Firm-fixed-price contract is good for buyer because product cost not
change unless scope of work not changes.
Question - 46
In which of the following contract types the seller's profit is limited?
A. Cost-plus-percentage-cost contract
B. Cost-plus-fixed-fee contract
C. Firm Fixed price contract
D. Fixed-price-incentive fee contract
B is the correct answer. Cost-plus-fixed-fee contract and Cost-plus-incentive-fee contract where
seller's profit is limited
Question - 47
As part of the quality audit, the scope statement is checked against the work results to ensure the
conformance to the customer requirements. The results should be documented and used for
which of the following:
A. Estimating future projects
21. B. Changing the project scope
C. Defining future project tasks
D. Validating the quality process
C is the correct answer. quality audit can confirm the implementation of approved change
requests,Defining future project tasks.
Question - 48
The quality team for the project consists of several groups. Which of the following project
participants plays the most important role in the quality function?
A. Customer
B. Project Manager
C. Project Team
D. Vendors and Suppliers
A is the correct answer. Customer
Question - 49
Collect Requirements is:
A. Developing a comprehensive plan based on input from major stakeholders
B. The process of defining and documenting stakeholders needs to meet project objectives
C. The process which provides information for planning project milestones
D. Subdividing the project into smaller, more manageable components
22. B is the correct answer. Collect Requirements : The process of defining and documenting
stakeholders needs to meet project objectives
Question - 50
Completion of the _____________ scope is measured against the project management plan.
A. Project
B. Technical
C. Product
D. Baseline
A is the correct answer. Completion of the Project scope is measured against the project
management plan.
Question - 51
Project initiation is all of the following except:
A. A process of formally recognizing that a new project exists
B. A process of formally recognizing that an existing project should continue into its next phase
C. It links the project to the ongoing work of the performing organization
D. Its inputs are product description, strategic plan, constraints, and assumptions
D is the correct answer. No Expl 16
Question - 52
23. A work breakdown structure is a ______.
A. Result of the Collect Requirements process
B. Deliverable oriented grouping of project elements that organizes and defines the total scope of
the project
C. Structure that can be used to track the project's time, cost, and quality performance against a
defined baseline
D. Valuable communications tool, but cannot be used to establish the number of required
networks for Control Costs
B is the correct answer. WBS :Deliverable oriented grouping of project elements that organizes
and defines the total scope of the project
Question - 53
The items at the lowest level of the WBS are called __________.
A. Code of accounts
B. Subtasks
C. Work packages
D. Nodes
C is the correct answer. items at the lowest level of the WBS are called Work packages
Question - 54
All of the following statements about the project charter are correct except:
A. It is often an internal legal document.
24. B. It identifies the project manager's authority and responsibility.
C. It identifies management and/or customer approved scope of the project.
D. It usually does not identify cost and time estimates.
D is the correct answer. project charter includes budget summary and summary milestone
schedule also.
Question - 55
Maintenance should ________.
A. Be considered part of the project life cycle because it is part of the total life cycle costing
needed to do benefit/cost analysis in Collect Requirements
B. Be part of the work breakdown structure to give the total scope of the required activities and
effort
C. Not be considered as a part of the project life cycle
D. Be managed carefully because it is often a source of scope creep
C is the correct answer. Maintenance should not be considered as a part of the project life cycle
Question - 56
Projects are typically authorized as a result of any of the following except:
A. Market demand
B. Successful RFP bidding
C. Regulatory requirement
25. D. Technological advance
B is the correct answer. No Expl 22
Question - 57
The major project scope management processes include:
A. Change order control
B. Initiation
C. Program evaluation
D. Scope validation
B is the correct answer. No Expl 23
Question - 58
The work that must be done in order to deliver a product with the specified features and
functions is called __________.
A. Product scope
B. Staffing scope
C. The project
D. Project scope
D is the correct answer. No Expl 24
Question - 59
26. The ___________ documents the characteristics of the product or service that the project was
undertaken to create.
A. Project charter
B. Scope statement
C. Product description
D. Technical article
C is the correct answer. No Expl 25
Question - 60
An input to the Control Scope process is ___________.
A. Work results
B. Work Performance information
C. Customer requirements
D. Product defects
B is the correct answer. Work Performance information is an input of Control Scope.
Question - 61
The project manager should be assigned ___________ as an output from the Initiation process.
A. Once a budget has been approved
B. As early in the project as is feasible
27. C. After the stakeholders have approved the assignment
D. As soon as the project plan is ready to be executed
B is the correct answer. No Expl 27
Question - 62
Developing a written scope statement as the basis for future project decisions is called
_________________.
A. Product Analysis
B. Define Scope
C. Project Development
D. Collect Requirements
D is the correct answer. No Expl 28
Question - 63
Techniques for conducting product analysis include:
A. Technical benefit analysis
B. Value engineering
C. Expert judgment
D. Alternatives identification
B is the correct answer. No Expl 29
28. Question - 64
Collect Requirements includes alternatives identification, which can be conducted by the
common technique of
A. Lateral thinking
B. Value engineering
C. Cost/benefit analysis
D. Constraints analysis
A is the correct answer. No Expl 30
Question - 65
A scope management plan describes __________.
A. An assessment of the stability of the stakeholder environment
B. A highly detailed approach to managing the work breakdown structure scope
C. How the project scope will be managed and how scope changes will be integrated into the
project
D. The stakeholder's expectation on how changes will be identified and by what priority they
will be addressed
C is the correct answer. No Expl 31
Question - 66
Decomposition is ___________.
29. A. What happens when changes to the project scope are ignore
B. Subdividing the major project deliverables into smaller, more manageable components
C. Defining a general product description into more discrete definitions of individual
components
D. Subdividing the project into logical divisions of effort aligned within the performing
organization's functional areas
B is the correct answer. No Expl 32
Question - 67
A project management professional can compare earned value performance data to all of the
following project management tools EXCEPT:
A. Critical path analysis
B. Technical performance metrics
C. Risk mitigation plans
D. Forecasted final costs and schedule estimates
D is the correct answer. No Expl 33
Question - 68
You are the controller on your project. Your project manager has requested that you provide him
with a forecast of project costs for the next 12 months. He needs this information to determine if
the budget should be increased or decreased on this major construction project. In addition to the
usual information sources, which of the following should you also consider?
A. Cost estimates from similar projects
30. B. The WBS
C. Long-range weather forecasts
D. Existing change requests
D is the correct answer. No Expl 34
Question - 69
The party that needs the change resulting from the project, and who will be its custodian on
completion is the ___________.
A. Owner
B. Sponsor
C. Customer
D. Client
B is the correct answer. No Expl 35
Question - 70
The core planning processes include:
A. Collect Requirements, Sequence Activities, and Plan Communications
B. Plan Quality Management, Plan Communications, and Risk Response Development
C. Define Scope, Estimate Activity Durations, and Determine Budget
D. Collect Requirements, Define Activities, Estimate Costs, Plan Quality Management, and Plan
Risk Responses
31. C is the correct answer. No Expl 36
Question - 71
In project communications, the sender is responsible for _____________.
A. Making the information clear, unambiguous, and complete so that the receiver can receive it
correctly
B. Ensuring information conveyed is accurate, clear, and timely so that it is useful to the receiver
C. Making sure that the information is received in its entirety and understood correctly
D. Identifying the proper choice of media, eliminating communications barriers, and utilizing the
appropriate style and tone
A is the correct answer. No Expl 37
Question - 72
The seller delivers a fixed price plus incentive fee project at a cost of $90,000. The terms of the
contract are a ceiling price of $120,000, a target cost of $ 100,000, a target profit of $10,000, and
a target price of $110,000. The share ratio is 70/30. The final price (your total reimbursement) is
_________.
A. $93,000
B. $96,000
C. $97,000
D. None of the above
D is the correct answer. No Expl 38
32. Question - 73
A project is defined as ________________.
A. A process of considerable scope that implements a plan
B. An endeavour, which is planned, executed, and controlled, performed by people and
constrained by limited resources
C. A temporary endeavour undertaken to create a unique product or service
D. An objective based effort of temporary nature
C is the correct answer. No Expl 39
Question - 74
Project management processes can be organized into the following:
A. Initiating, planning, contracting, executing, and administration
B. Designing, developing, testing, and implementing
C. Initiating, designing, planning, executing, controlling, and implementation
D. Initiating, planning, executing, controlling, and closing
D is the correct answer. No Expl 40
Question - 75
_____________ involve coordinating people and other resources to carry out the plan.
A. Work breakdown structure
33. B. Resource planning
C. Planning processes
D. Executing processes
D is the correct answer. No Expl 41
Question - 76
___________ must be measured regularly to identify variance from the plan.
A. Stakeholder requirements
B. Project performance
C. Schedule progress
D. Cost and schedule
B is the correct answer. No Expl 42
Question - 77
The party that needs the change resulting from the project, and who will be its custodian on
completion is the _______.
A. Owner
B. Sponsor
C. Customer
D. Client
34. A is the correct answer. No Expl 43
Question - 78
During the execution phase, a resource is added to the project team. What effect will this have on
the project?
A. The effect cannot be determined
B. The project duration will be shortened
C. A scope change will be required
D. The quality of the project will be increased
A is the correct answer. No Expl 0
Question - 79
To shorten project duration, resources have been added to tasks on the critical path. The plan
should then be reviewed for the __________.
A. Lagging time on other paths
B. Emergence of a new critical path
C. Resource assigned to other tasks on the critical path
D. Longest task remaining in the plan
B is the correct answer. No Expl 1
Question - 80
The adjustment of task schedules in order to deploy human resource more effectively is called
35. resource _______.
A. Tracking
B. Loading
C. Crashing
D. Levelling
D is the correct answer. No Expl 2
Question - 81
Work packages are described in the __________.
A. Work breakdown structure
B. Work charter
C. Statement of work
D. Work project plan
A is the correct answer. No Expl 3
Question - 82
During project lose out, the final task is __________.
A. Verify that contractual obligations were met
B. Transfer the deliverables to the client
C. Reassign team member
36. D. Complete lessons learned records
B is the correct answer. No Expl 4
Question - 83
Cost of Quality is a project management concept that includes cost of _________.
A. Exceeding requirements
B. Changes to the requirements
C. Ensuring conformance to requirements
D. The quality control requirements
C is the correct answer. No Expl 5
Question - 84
Ideally, resource levelling should be limited to activities ________.
A. With negative float
B. With zero float
C. On the critical path
D. With positive float
D is the correct answer. No Expl 6
Question - 85
37. Which of the following are not functions of the project kick off meeting?
A. Identifying project goals
B. Obtaining commitment
C. Presenting the project cost
D. Introducing the stakeholders
C is the correct answer. No Expl 7
Question - 86
The PERT method is MOST used in situations where _____________.
A. It is important to know the inter relationships of activities
B. Little is known about the cost estimated related to the project
C. Little experience exists on which to base estimated of activity duration
D. Resource requirements are well define
C is the correct answer. No Expl 8
Question - 87
Which of the following approaches to quality improvement is LEAST likely to produce positive
results?
A. Continuous improvement
B. Increased inspection
C. Statistical quality control
38. D. IS09001 certified process
B is the correct answer. No Expl 9
Question - 88
Team motivation, problem resolution, and space verification occur during which process?
A. Initiation
B. Planning
C. Execution
D. Close
C is the correct answer. No Expl 10
Question - 89
You are project manger of an existing project. You have been with your company for several
years but not in the area where this project is occurring. A Project Management Plan is in place.
The project has not exceeded many baseline change thresholds. The customer is not happy with
the status of the project. Which of the following is the BEST initial action?
A. Prepare a corrective action plan
B. Conduct team-building with all stakeholders
C. Verify the customer's needs and expectations
D. None
C is the correct answer. No Expl 11
39. Question - 90
Conflict resolution techniques that may be used on a project include ______________.
A. Withdrawing, compromising, controlling, and forcing
B. Controlling forcing smoothing, and withdrawing
C. Confronting, compromising, smoothing and directing
D. Smoothing, confronting, forcing, and withdrawing
D is the correct answer. No Expl 12
Question - 91
On a project, quality should generally be of ________.
A. Equal priority with schedule, but higher priority than cost
B. Higher priority than cost and schedule
C. Equal priority with cost, but higher priority than schedule
D. Equal priority with cost and schedule
D is the correct answer. No Expl 14
Question - 92
The most effective method in developing a project team within a matrix organization is to follow
the ________.
A. Communications plan
40. B. Control Scope plan
C. Staffing management plan
D. Training development plan
C is the correct answer. No Expl 15
Question - 93
A service or product's reliability and maintenance characteristics are MOST affected by which of
the following:
A. Function
B. Design
C. Cost
D. Fabrication
B is the correct answer. No Expl 16
Question - 94
You are the project manager of a project .The senior executive of your company wants monthly
schedule update of your project. Which of the following would you send to the executive?
A. Milestone chart
B. Time scaled network diagram
C. Arrow activity diagram
D. PERT chart
41. A is the correct answer. No Expl 17
Question - 95
When closing a project that involved significant procurement, attention must be given to
archiving ________.
A. Financial records
B. Inspection specifications
C. Project charter
D. Project reports
A is the correct answer. No Expl 18
Question - 96
The principle states that "Employees who believe that their efforts will lead to effective
performance and who anticipate important rewards for their accomplishments become productive
stay productive." This principle illustrates which of the following theory?
A. Expectancy theory
B. Maslow theory
C. Herzberg theory
D. None
A is the correct answer. No Expl 19
42. Question - 97
Project Procurement Management includes all of the following EXCEPT:
A. Administration
B. Stakeholder analysis
C. Planning
D. Solicitation
B is the correct answer. No Expl 20
Question - 98
The BEST way to organize project activities for scheduling is by ________.
A. WBS
B. Critical path
C. Task start date
D. Responsible organization
A is the correct answer. No Expl 21
Question - 99
In a large, complex project, the authority to accept or reject a requested change should rest with
the ________.
A. Lead
B. Client
43. C. Project manager
D. Change control board
D is the correct answer. No Expl 22
Question - 100
Correspondence, contract changes, and payment requests are ___________ of contract
administration.
A. Outputs
B. Tools
C. Functions
D. Inputs
A is the correct answer. No Expl 23
Question - 101
Which of the following statement is true about Quality control?
A. Monitoring specific project results to determine if they comply with relevant quality standards
B. Evaluating overall project performance on a regular basis
C. Taking action to increase the effectiveness and efficiency of the project
D. Identifying which quality standards are relevant to the project
A is the correct answer. No Expl 24
44. Question - 102
During the execution of a software project, the vendor proposes an upgrade of a part of project
without a change in the schedule or cost. After the change is approved, where would this change
BEST be documented?
A. Project charter
B. Procurement Management plan
C. Work breakdown structure
D. Quality assurance plan
B is the correct answer. No Expl 25
Question - 103
You are the project manager of a project. The project plan has been developed. A project end
date has been established. The customer later requesters additional work to be included in the
project, but will not renegotiate the end date. Cost is not a factor. What should the project team
do immediately?
A. Invoke the change control process
B. Initiate contingency plans
C. Modify the original project scope to include the additional work
D. Commit to original project scope and open a new project to handle additional work
A is the correct answer. No Expl 26
Question - 104
45. An individual's willingness to take a risk can be determined by which of the following:
A. Decision Tree modelling
B. Monte Carlo method
C. Sensitivity analysis
D. Utility theory
D is the correct answer. No Expl 27
Question - 105
You are the project manager of a project. You have to determine the staffing requirements of the
project. Which of the following you need:
A. Resource breakdown schedule
B. Responsibility assignment matrix
C. Work breakdown structure
D. Organization chart
C is the correct answer. No Expl 28
Question - 106
Which of the following techniques is used to control the project schedule?
A. Pareto diagram
B. Performance measurement
46. C. Parametric modelling
D. Statistical sampling
B is the correct answer. No Expl 29
Question - 107
The communications management plan is primarily dependent on the ____________.
A. Length of the project
B. Physical location of team members
C. Specific needs of the project
D. Project deliverables
C is the correct answer. No Expl 30
Question - 108
Technical staffs tend to be particularly responsive to __________.
A. Referent power
B. Formal power
C. Functional power
D. Expert power
B is the correct answer. No Expl 31
47. Question - 109
Determining conformance with scope requirements is called _________.
A. Quality Management
B. Quality Assurance
C. Plan Quality Management
D. Quality Control
D is the correct answer. No Expl 32
Question - 110
Who is the person responsible for obtaining funding for a new project's conceptual study?
A. Project manager
B. President
C. Chief financial officer
D. Project sponsor
D is the correct answer. No Expl 33
Question - 111
Which of the following statements concerning bottom up estimating is true?
A. The cost and accuracy of bottom-up estimating is driven by the size of the individual work
items
B. Smaller work items increase both cost and accuracy
48. C. Larger work items increase both cost and accuracy
D. Both A and B are true
D is the correct answer. No Expl 0
Question - 112
Percent complete is calculated by _________.
A. ACWP/BAC
B. BCWP-ACWP
C. BCWP/BAC
D. EAC/BAC
C is the correct answer. No Expl 1
Question - 113
Life cycle costing ________________.
A. Includes acquisition, operating, and disposal costs when evaluating various alternatives
B. Includes only the cost of the development or acquisition of a product or service
C. Does not take into consideration the effect of project decisions on the cost of using the
resulting product
D. Both B and C
A is the correct answer. No Expl 2
49. Question - 114
Analogous estimating ___________.
A. Uses bottom-up estimating techniques.
B. Uses the actual costs from a previous, similar project
C. Is synonymous with top-down estimating
D. Both B and C
D is the correct answer. No Expl 3
Question - 115
Estimated at Completion is determined by ___________.
A. ETC + ACWP
B. BAC - ETC
C. BAC/CPI
D. Both A and C
D is the correct answer. No Expl 4
Question - 116
Parametric Estimate Costs involves:
A. Calculating individual cost estimates for each work package
50. B. Using rates and factors based on historical experience to estimate costs
C. Using the actual cost of a similar project to estimate total project costs
D. Both A and B
B is the correct answer. No Expl 5
Question - 117
A cost management plan is ______________.
A. A plan for describing how cost variances will be managed
B. A subsidiary element of the project charter
C. An input to the Estimate Costs process
D. Both A and C
A is the correct answer. No Expl 6
Question - 118
Estimate Costs_____________.
A. Involves developing an estimate of the costs of the resources needed to complete project
activities
B. Cost estimates are generally expresses in unit of some currency.
C. Involves allocating the overall estimates to individual work items
D. All of the above
51. D is the correct answer. All of the above
Question - 119
Which of the following are inputs belong to Estimates Activity Resources?
A. Activity List
B. Resource Calendar
C. Activity attributes
D. All of the above are inputs of Estimates Activity Resources
D is the correct answer. All of the above are inputs of Estimates Activity Resources.
Question - 120
The process of evaluating overall project performance on a regular basis to provide confidence
that the project will satisfy the relevant quality standards is called __________.
A. Quality Assurance
B. Quality Control
C. Plan Quality Management
D. Quality Review
A is the correct answer. The process of evaluating overall project performance on a regular basis
to provide confidence that the project will satisfy the relevant quality standards is called Quality
Assurance
Question - 121
52. The process of monitoring specific project results to determine if they comply with relevant
quality standards is called ______________.
A. Quality Assurance
B. Quality Control
C. Plan Quality Management
D. Quality Review
B is the correct answer. The process of monitoring specific project results to determine if they
comply with relevant quality standards is called Quality Control
Question - 122
A histogram ordered by frequency of occurrence that shows how many results were generated by
each identified cause is __________.
A. Statistical Histogram
B. Juran Histogram
C. Fishbone Diagram
D. Pareto Diagram
D is the correct answer. Pareto diagram (Pareto chart) shows how many defects were generated
by types or category of identified cause.
Question - 123
Tools and techniques used during the Plan Quality Management process include which of the
following:
A. Benefit/cost analysis
53. B. Control charts
C. Cost of Quality
D. All of the above
D is the correct answer. All are tools and techniques used during the Plan Quality Management
process.
Question - 124
The overall intentions and direction of an organization with regard to quality as formally
expressed by top management is a __________.
A. Quality Plan
B. Quality Statement
C. Quality Policy
D. TQM
C is the correct answer. Quality Policy : endorsed by senior management.
Question - 125
Complete final contract performance reporting and verify product is done in _______.
A. Plan Procurement Management
B. Conduct Procurements
C. Control Procurements
D. Close Procurements
54. D is the correct answer. Complete final contract performance reporting and verify product is
done in Close Procurements.
Question - 126
___________ is a groups of processes required to purchase or acquire the products, services, or
results needed from outside the project team to perform the work.
A. Procurement Management
B. Planning Management
C. Scope Management
D. Control Management
A is the correct answer. Procurement Management is a groups of processes required to purchase
or acquire the products, services, or results needed from outside the project team to perform the
work.
Question - 127
What is CI?
A. Continuous improvement
B. A sustained, gradual change
C. Constancy of purpose and commitment to quality as part of its focus
D. All of the above
D is the correct answer. Continuous Improvement : The plan-do-check-act is basis of quality
improvement as defined by Edward and modified by Deming.
55. Question - 128
The practice of ceasing mass inspections and ending awards based on price is credited to which
of the following:
A. Edward Deming
B. Philip Crosby
C. Juran
D. Pareto
A is the correct answer. No Expl 15
Question - 129
The concept of making a giant leap forward followed by a period of maturity is called
_________.
A. Innovation
B. Continuous improvement
C. Just in time
D. Paradigm
A is the correct answer. The concept of making a giant leap forward followed by a period of
maturity is called Innovation
Question - 130
The ability of a product to be used for different purposes at different capacities and under
56. different conditions determines its __________.
A. Usability
B. Flexibility
C. Operability
D. Availability
B is the correct answer. No Expl 19
Question - 131
Which of the following is NOT considered a cost of non-conformance to quality?
A. Scrap
B. Rework
C. Liabilities
D. Training
D is the correct answer. Training is considered as cost of conformance to quality.
Question - 132
Cost of quality includes ___________.
A. Cost of all work to build a product or service that conforms to the requirements
B. Training programs
C. Cost of all work resulting from non-conformance to the requirements
57. D. All of the above
D is the correct answer. Cost of quality includes both cost of conformance and cost of non-
conformance to quality
Question - 133
A series of consecutive points on the same side of the average is called ____________.
A. Run Chart
B. Trend Analysis
C. Outliers
D. Cycle
A is the correct answer. A Run chart is a line graph that shows data points in the order in which
they occur.A series of consecutive points on the same side of the average.
Question - 134
80% of the problems are found in 20% of the work is a concept of ___________.
A. Edward Deming
B. Philip Crosby
C. Juran
D. Pareto
D is the correct answer. Pareto law : A relatively small number of causes typically produce a
majority of the problems and defects. This is called 80/20 principle , 80% of the problems due to
20% of the causes.
58. Question - 135
A relatively small number of causes typically produce a majority of the problems and defects is a
concept of ___________.
A. Edward Deming
B. Philip Crosby
C. Juran
D. Pareto
D is the correct answer. Pareto law : A relatively small number of causes typically produce a
majority of the problems and defects. This is called 80/20 principle , 80% of the problems due to
20% of the causes.
Question - 136
A structured tool, usually industry or activity specific, used to verify that a set of required steps
has been performed is called __________.
A. Quality Policy
B. Check List
C. Trend Analysis
D. Pareto Diagram
B is the correct answer. A structured tool, usually industry or activity specific, used to verify that
a set of required steps has been performed is called Check List
Question - 137
59. A tool that analyzes the inputs to a process to identify the causes of errors is called
______________________.
A. Cause and effect diagram
B. Fishbone diagram
C. Ishikawa diagram
D. All of the above
D is the correct answer. Cause and effect diagram is also called Ishikawa diagram or fishbone
diagram.
Question - 138
The project manager's leadership style should be matched to the corresponding developmental
level of the project team and should move through successive steps in the following order:
A. Disciplinary, autocratic, and participative
B. Staff planning, team training, and performance monitoring
C. Team building, team development, and responsibility assignment
D. Directing, coaching, supporting, and delegating
D is the correct answer. No Expl 29
Question - 139
Human resource administration is the primary responsibility of which of the following:
A. Project Management Team
60. B. Human Resources Department
C. Executive Manager
D. Project Manager
B is the correct answer. No Expl 30
Question - 140
Which of the following is a mandatory prerequisite for team building?
A. Funding for staff development activities
B. Shared work ethics among team members
C. Commitment from top level management
D. Removal of troublesome individuals
C is the correct answer. No Expl 31
Question - 141
A key barrier to team development is _________.
A. A strong matrix management structure
B. When major problems delay the project completion date or budget targets
C. When team members are accountable to both functional and project managers
D. When formal training plans cannot be implemented
C is the correct answer. No Expl 34
61. Question - 142
What impact does a matrix organization have on project team development?
A. No impact at all
B. It complicates team development
C. It simplifies team development
D. It hinders team development completely
B is the correct answer. No Expl 36
Question - 143
A technique for resolving conflict in which the parties agree to have a neutral third party hear the
dispute and make a decision is called __________.
A. Negotiation
B. Arbitration
C. Smoothing
D. Forcing
B is the correct answer. No Expl 38
Question - 144
Which of the following is not an input into organizational planning?
A. Recruitment practices
62. B. Project interfaces
C. Staffing requirements
D. Constraints
A is the correct answer. No Expl 39
Question - 145
When should the project expeditor form of organization be used?
A. When the project is extremely important to the organization
B. When a project's cost and importance are relatively low
C. When the project manager has a lot of responsibility and accountability
D. When the organization's primary source of revenue is derived from projects
B is the correct answer. No Expl 41
Question - 146
The belief that management's high levels of trust, confidence and commitment to workers leads
to high levels of motivation and productivity on the part of workers is a part of which motivation
theory?
A. Theory Y
B. Theory Z
C. Theory X
D. Contingency Theory
63. B is the correct answer. No Expl 42
Question - 147
Which of the following is part of the expectancy theory of motivation?
A. Clear, specific, and challenging goals generally motivate team members
B. Project managers should ensure that tasks assigned to project participants match their skills
and the organizational climate is conducive to helping them meet their needs and achieving a
sense of competence
C. People tend to be highly productive and motivated if they believe their efforts will lead to
successful results and that success will lead to personal rewards
D. None of the above
C is the correct answer. No Expl 43
Question - 148
Which of the following statements concerning compromise as a conflict resolution is false?
A. Neither party wins but both parties get some degree of satisfaction
B. Important aspects of the project may be hindered in order to achieve personal objectives
C. Compromise is generally considered a lose-lose situation
D. A Definitive resolution is seldom achieved
D is the correct answer. No Expl 44
64. Question - 149
Which process involves coordinating people and other resources to carry out plan?
A. Executing processes
B. Planning processes
C. Controlling Processes
D. Closing processes
A is the correct answer. Planning Processes: Approach to executing project. Executing processes:
Coordinating people and other resources. Controlling Processes: Monitoring, measuring, and
taking corrective action. Closing processes: Formal product acceptance and end of project.
Question - 150
Which process involves Monitoring, measuring, and taking corrective action?
A. Executing processes
B. Planning processes
C. Controlling Processes
D. Closing processes
C is the correct answer. Planning Processes: Approach to executing project. Executing processes:
Coordinating people and other resources. Controlling Processes: Monitoring, measuring, and
taking corrective action. Closing processes: Formal product acceptance and end of project.
Question - 151
Which process involves Formal product acceptance and end of project?
65. A. Executing processes
B. Planning processes
C. Controlling Processes
D. Closing processes
D is the correct answer. Planning Processes: Approach to executing project. Executing processes:
Coordinating people and other resources. Controlling Processes: Monitoring, measuring, and
taking corrective action. Closing processes: Formal product acceptance and end of project.
Question - 152
_______ must be measured regularly to identify variance from the plan.
A. Project performance
B. Stakeholder requirements
C. Schedule progress
D. Cost and schedule
A is the correct answer. Variance Analysis: Project performance measurements are used to assess
the magnitude of variation.
Question - 153
The party that needs the change resulting from the project, and who will be its custodian on
completion is the _________.
A. Owner
B. Client
66. C. Sponsor
D. Customer
A is the correct answer. Owner
Question - 154
You are a project manager for your organization. Management has asked you to help them
determine which projects should be selected for implementation. In a project selection model,
which one of the following is the most important factor?
A. Business needs
B. Type of constraints
C. Budget
D. Schedule
A is the correct answer. Projects are selected based on business needs.
Question - 155
On any project, who creates the Lessons Learned document?
A. Customers
B. Project team
C. Project Sponsor
D. Stakeholders
B is the correct answer. The project team contributes to the Lessons Learned document.
67. Question - 156
A project Control Scope system is documented during which of the Project Scope Management
processes?
A. Collect Requirements
B. Define Scope
C. Validate Scope
D. Control Scope
B is the correct answer. A project scope management plan should document the Control Scope
system.
Question - 157
Your project is moving ahead of schedule. Management elects to incorporate additional quality
testing into the project to improve the quality and acceptability of the project deliverable. This is
an example of which one of the following?
A. Scope creep
B. Change control
C. Quality Assurance
D. Integrated Change Control
D is the correct answer. Additional quality testing will require additional time and resources for
the project. This is an example of Integrated Change Control.
Question - 158
68. Which of the following is not true about change requests?
A. They always require additional funding.
B. They happen while the project work is being done.
C. They can be written or verbal.
D. They can be requested by a stakeholder.
A is the correct answer. Change requests do not always require more money. Approved changes
may require more funds, but not always.
Question - 159
During the project integration activities, a project sponsor's role can best be described as doing
which one of the following?
A. Helping the project manager and stakeholders to resolve any issues
B. Acting as a sounding board for the project stakeholders
C. Showing management the project progress and status reports
D. None
A is the correct answer. The project sponsor can help the project manager and the stakeholders
resolve issues during project integration management.
Question - 160
A project is considered successful when ______________.
A. The project meets or exceeds the expectations of the stakeholders
69. B. The product of the project has been manufactured
C. The project sponsor announces the completion of the project
D. None of the above
A is the correct answer. A project is considered successful when stakeholder needs and
expectations are met or exceeded.
Question - 161
When a project is being performed under contract, who provides SOW?
A. Buyer
B. Contractor
C. Project sponsor
D. Project manager
A is the correct answer. Buyer provides SOW when projects are performed under contract.
Question - 162
Which of the following are inputs of Develop Project Charter process?
A. Project statement of work, Contract, Business case and organizational process assets
B. Project SOW, project selection methods, and enterprise environmental factors
C. Contract, project selection methods, enterprise environmental factors, and organizational
process assets
D. Contract, project SOW, enterprise environmental factors, and organizational process assets
70. A is the correct answer. Inputs to the Develop Project Charter process are Project statement of
work, Contract, Business case and organizational process assets.
Question - 163
Employees in a balanced matrix often report to ______________.
A. Two or more managers
B. One manager
C. Only Functional manager
D. None
A is the correct answer. Employees in a balanced matrix often report to two or more managers.
Functional managers and project managers share authority and responsibility for projects.
Question - 164
According to the PMBOK Guide, the project statement of work (SOW) should contain or
reference all the following elements except?
A. Business need, strategic plan, and product scope description
B. Requirements, business needs, and stakeholder expectations
C. Strategic plan, product scope description, stakeholder influences, and business needs
D. Project purpose, business case, stakeholder influences, and product scope description
A is the correct answer. The project SOW should contain the business needs for the project and
the product scope description and should support the organization's strategic plan.
71. Question - 165
What are the tools and techniques used in Collect Requirements?
A. Prototypes
B. Group Decision Making Techniques
C. Observations
D. All of the above
D is the correct answer. Tools and techniques used in Collect Requirements are Prototypes,
Group Decision Making Techniques, Observations and Collect Requirements Process.
Question - 166
What are the two approaches to observation?
A. Passive and Active
B. Active and Engineer
C. Collector
D. Engineer
A is the correct answer. There are two approaches to observation: Passive (invisible) and Active
(visible). In Passive observation, the observer does not interfere by asking questions or
participating in the work they simply observe and take notes (afterwards they may ask
questions). In Active observation, the observer is free to ask questions and may even perform
some of the work.
Question - 167
Which of the following is true regarding NPV?
72. A. NPV assumes reinvestment at the cost of capital.
B. NPV assumes reinvestment at the prevailing rate.
C. NPV assumes reinvestment at the NPV rate.
D. NPV decisions should be made based on the highest value for all the selections.
A is the correct answer. Net present value (NPV) assumes reinvestment is made at the cost of
capital.
Question - 168
You are the project manager for an organization. You are considering recommending a project
that costs $280,000; expected inflows are $10,000 per quarter for the first two years and then
$25,000 per quarter thereafter. What is the payback period?
A. 48 months
B. 40 months
C. 36 months
D. 50 months
A is the correct answer. Year 1 and 2 inflows are each $40,000 for a total of $80,000. Year 3
inflows are an additional $100,000. Add one more quarter to this total, and the $280,000 is
reached in 4 years, or 48 months.
Question - 169
Which of the following is true regarding IRR?
A. IRR is a constrained optimization method.
73. B. IRR assumes reinvestment at the cost of capital.
C. IRR is the discount rate when NPV is greater than zero.
D. IRR is the discount rate when NPV is equal to zero.
D is the correct answer. IRR assumes reinvestment at the IRR rate and is the discount rate when
NPV is equal to zero.
Question - 170
Mathematical models using linear, dynamic, integer, or algorithm models are considered as
______________.
A. Project selection methods
B. Project selection criteria
C. A form of expert judgment
D. A form of historical information
A is the correct answer. Mathematical models are one of the methods described in the project
selection methods tool and technique of the Develop Project Charter process.
Question - 171
Your selection committee is debating between two projects. Project A has a payback period of 20
months. Project B has a cost of $150,000, with expected cash inflows of $50,000 the first year
and $25,000 per quarter after that. Which project should you recommend?
A. Either Project A or Project B, because the payback periods are equal
B. Project A, because Project B's payback period is 24 months
C. Project A, because Project B's payback period is 20 months
74. D. Project A, because Project B's payback period is 21 months
B is the correct answer. Project B has a payback period of 24 months; $50,000 is received in the
first 12 months, with another $100,000 coming in over next 12 months.
Question - 172
Which of the following is true about the project charter?
A. The project charter should be published under the name of a manager external to the project.
B. The project charter should be published under the project sponsor's name.
C. The project charter should be published under the name of the project manager.
D. The project charter should be published under the name of the project champion.
A is the correct answer. According to the PMBOK Guide, the project charter should be published
by a manager external to the project but with sufficient power and authority to carry it off.
Question - 173
An activity has an Early Finish(EF) of 5 days and Late Finish(LF) of 16 days.What is activity's
float ?
A. 11 days
B. 21 days
C. 5 days
D. 16 days
A is the correct answer. A is the correct answer. Activity float = Late Finish - Early Finish = 16-
75. 5 = 11 days
Question - 174
As a project manager of a project , you have just completed Schedule network diagram. What
should you do NEXT time management activity?
A. Estimate Activity Resources
B. Sequence Activities
C. Estimate Activity Durations
D. Develop Schedule
A is the correct answer. A is the correct answer. Schedule network diagram is an output of
Sequence Activities, NEXT process is Estimate Activity Resources.
Question - 175
As a project manager of a project , you have just completed Schedule network diagram. Which
of the following time management activity you have completed?
A. Estimate Activity Resources
B. Sequence Activities
C. Estimate Activity Durations
D. Develop Schedule
B is the correct answer. B is the correct answer. Schedule network diagram is an output of
Sequence Activities.
Question - 176
76. You are project manager of a project and you have decided to CRASH the project. Which of the
following is the most likely outcome of this ?
A. increased cost
B. added risk
C. increased project time
D. doing activities in parallel
A is the correct answer. A is the correct answer. CRASHING is reducing project time by
expending additional resources. Therefore option A is true.
Question - 177
Risk probability and impact Assessment, Risk Categorization are done during:
A. qualitative risk analysis
B. quantitative risk analysis
C. Risk management plan
D. Risk identification
A is the correct answer. A is the correct answer. Risk probability and impact Assessment, Risk
Categorization are done during qualitative risk analysis.
Question - 178
A Heuristics is best described as :
A. thumb rule.
77. B. activity diagram.
C. workaround.
D. control tool.
A is the correct answer. A is the correct answer. Heuristics is thumb rule. Examples are cost per
square feet etc.
Question - 179
Comparing target dates with the actual or forecast start and finish dates is called :
A. Variance Analysis
B. Earned Value
C. Progress Reporting
D. Crashing
A is the correct answer. A is the correct answer. Variance Analysis : Comparing target dates with
the actual or forecast start and finish dates.
Question - 180
Total activity float is the amount of time :
A. can be delayed without delaying project completion date.
B. can be delayed without delaying project.
C. delayed for indefinite time.
D. Not relation with project.
78. A is the correct answer. A is the correct answer. Total activity float is the amount of time can be
delayed without delaying project completion date.
Question - 181
You are project manager of a software project. Your team member want to technical change to a
activity which will add more time to that activity. What should you do ?
A. Check the activity is in critical path
B. Allow team member to change the activity
C. Report to senior management
D. Ignore change in activities.
A is the correct answer. A is the correct answer. Check the activity is in critical path is the best
option.
Question - 182
You are project manager of a software project. You have just analyzed activity sequences,
durations, resource requirements , schedule constraints and created project schedule. The above
task belongs to which process?
A. Define Activities
B. Sequence Activities
C. Develop Schedule
D. Control Schedule
C is the correct answer. C is the correct answer. analyzing activity sequences, durations, resource
requirements , schedule constraints and created project schedule is belongs to Develop Schedule
79. process.
Question - 183
A weighted average duration estimate to calculate duration called :
A. PERT
B. CPM
C. GERT
D. pareto chart
A is the correct answer. A is the correct answer. Program Evaluation and Review Technique
(PERT): Uses a weighted average duration estimate to calculate duration. Uses the probability of
an estimate's accuracy. Expected Time = (Low + 4*Medium + High) / 6
Question - 184
Identify and documenting the activities that must be performed to produce the project
deliverables is called :
A. Estimate Activity Resources
B. Sequence Activities
C. Estimate Activity Durations
D. Define Activities
D is the correct answer. D is the correct answer. Identify and documenting the activities that
must be performed to produce the project deliverables is called Define Activities .
Question - 185
80. If you are the project manager of a project and you break down the WBS into smaller _______ to
get detail so that you can construct a schedule.
A. Work packages
B. Section
C. Issues
D. None
A is the correct answer. A is the correct answer. The work packages give you the detail you need
to construct a schedule.
Question - 186
You are the project manager for the Project. You are decomposing the Define Activities, the
final output is ______?
A. Deliverables
B. Work packages
C. Activity list
D. Milestone List
C is the correct answer. C is the correct answer. Activity list - A list of all the activities that will
be performed on the project and a description of each.
Question - 187
You are the project manager for the large Project. You are identifying and documenting
relationship among the project activities. This process is called ______?
81. A. Define Activities
B. Sequence Activities
C. Develop Schedule
D. Control Schedule
B is the correct answer. B is the correct answer. Sequence Activities - identifying and
documenting relationship among the project activities.
Question - 188
You are the project manager for the large Project. You are identifying external dependencies for
the activities with management team. Identifying external dependencies are done in ______?
A. Define Activities
B. Sequence Activities
C. Develop Schedule
D. Control Schedule
B is the correct answer. B is the correct answer. Identifying external dependencies are done in
Sequence Activities.
Question - 189
You are the project manager for the large Project. You have identified and documented
relationship among the project activities and created project schedule network diagram. What is
your NEXT step ?
A. Define Activities
B. Sequence Activities
82. C. Develop Schedule
D. Control Schedule
C is the correct answer. C is the correct answer. project schedule network diagram is input of
Develop Schedule.
Question - 190
You are the project manager for the Project. You are updating the WBS during Define Activities,
are often called ________?
A. Refinements
B. Updates
C. Activities
D. Supporting detail
A is the correct answer. A is the correct answer. updating the WBS during Define Activities, are
often called Refinements. It occurs with riskier projects.
Question - 191
Three estimates are : Pessimistic (P) : 30 Most Likely (M) : 25 Optimistic (O) : 14 What is
Standard deviation ?
A. 70%
B. 60%
C. 14%
D. 26.6%
83. D is the correct answer. D is the correct answer. Standard deviation formula = (P - O) / 6 then
(30-14)/6 = 70
Question - 192
Which of the following estimating technique is less costly and time consuming?
A. Analogous estimating
B. Parametric analysis
C. Bottom up estimating
D. Regression analysis
A is the correct answer. A is the correct answer. Analogous estimating is less accurate than other
estimating methods. Analogous estimating is used in early phase of the project. Analogous
estimating technique is less costly and time consuming.
Question - 193
A requirement document is an input to which of the following processes?
A. Collect Requirements
B. Define Scope
C. Integrated Change Control
D. Monitor and Control Project Work
B is the correct answer. A requirement document is an input to the Define Scope process.
84. Question - 194
The high level project and product requirements must be defined in the ____
A. Requirement document
B. Project Charter
C. Project Plan
D. WBS
B is the correct answer. The high level project and product requirements must be defined in the
Project Charter.
Question - 195
A Change Request is not a possible output from the ___________process.
A. Collect Requirements
B. Control Scope
C. Validate Scope
D. Define Scope
A is the correct answer. A Change Request is not a possible output from the Collect
Requirements process.
Question - 196
You are a project manager of a large project and you are identifying some alternative techniques
to generate different approaches to execute and perform the work of a project. You are doing it
as a part of:
85. A. Collect Requirements
B. Control Scope
C. Validate Scope
D. Define Scope
D is the correct answer. This is call an Alternative Identification in the Define Scope process.
Question - 197
As a project manager you are creating a table that map requirements to their origin and traces
them throughout the project life cycle. You are doing it as a part of:
A. Collect Requirements
B. Control Scope
C. Validate Scope
D. Define Scope
A is the correct answer. Creating a table that map requirements to their origin and traces them
throughout the project life cycle is called the Requirement tractability matrix, which is an output
of Collect Requirements process. PMBOK Page no, 105.
Question - 198
A ___________process enables the creation of the WBS from a detailed project scope statement.
A. Develop Project Management Plan
B. Plan Scope Management
C. Create WBS
86. D. Define Scope
B is the correct answer. The Plan Scope Management process defines the process of creating the
WBS
Question - 199
The Product Acceptance Criteria are included in the _________ document.
A. Project Management Plan
B. Requirements Document
C. WBS
D. Project scope statement
D is the correct answer. The product acceptance criteria are included in the project scope
statement. PMBOK Page no 122.
Question - 200
You are project manager and need as many as inputs is possible in the initiation phase. Which of
the following is the best source of information for your project?
A. Historical Information
B. WBS
C. Business Plans
D. Project Closure Document
A is the correct answer. Historical information is the best input for the initiation phase. WBS is
87. incorrect as the WBS would not be ready. Business is incorrect as business plans are not a likely
input to the initiation process.