Questions

You have reached the end of design phase of your project. You decide to call a "phase end review" for obtaining authorization to close the design phase and initiate the next phase (i.e. execution phase) of your project. Your manager disagrees with your suggestion. He wants a "kill point" to formally end the design phase of the project. In this context, you should: A. Disagree with your manager because you know that phase end reviews should be used at the end of each phase of the project B. Agree with your manager C. Escalate this issue to the project sponsor D. Take advise from a senior project manager about what should actually be done at the end of each phase of the project

Questions

Youre managing a project to build a new accounting system. One of the accountants in another department really likes the current system and is refusing to be trained on the new one. What is the BEST way to handle this situation? A. Refuse to work with him because hes being difficult B. Appeal to the accountants manager and ask to have him required to take training C. Get a special dispensation so that the accountant doesnt have to go to the training D. Work with him to understand his concerns and do what you can to help alleviate them without compromising your project

Questions

One of the initial project documents, issued by senior management, which outlines the authority of the project manager, is called Project charter. As a seller, what other document can be used in this place: A. Work breakdown structure B. Project scope C. Contract D. Internal memo

Questions
Each item of the Work Breakdown Structure is assigned a unique identifier. What is the name of this identifier? A. Product ID number B. Code of accounts C. Quality inspection identifier D. Project activity code

Questions

Which of the following is NOT a characteristic of a project? A. B. C. D. Constrained by limited resources Planned, executed, and controlled Creates a unique product or service Ongoing and repetitive

Questions
Youre managing a project, when your client tells you that an external problem happened, and now you have to meet an earlier deadline. Your supervisor heard that in a situation like this, you can use schedule compression by either crashing or fast-tracking the schedule, but hes not sure which is which. What do you tell him? A Crashing the project adds risk, while fast-tracking adds cost B When you crash a project, it always shortens the total duration of the project C. Crashing the project adds cost, while fast-tracking adds risk D. When you fast-track a project, it always shortens the total duration of the project

Questions

What is the ES & LF of activity F A. 13 , 16 B. 10, 10 C. 13 , 10 D. 10,14

Questions
You are working on a project with a PV of $56,733 and an SPI of 1.2. Whats the Earned Value of your project? A. $68,079.60 B. $47,277.50 C. $68,733 D. 0.72

Questions
Project A has a NPV of $75,000, with an internal rate of return of 1.5% and an initial investment of $15,000. Project B has a NPV of $60,000 with a BCR of 2:1. Project C has a NPV of $80,000, which includes an opportunity cost of $35,000. Based on these projects, which is the BEST one to select:
A. B. C. D. Project A Project B Project C Not enough information

Questions
You are working on a project with an SPI of .72 and a CPI of 1.1. Which of the following BEST describes your project?
A. Your project is ahead of schedule and under budget B. Your project is behind schedule and over budget C.Your project is behind schedule and under budget D.Your project is ahead of schedule and over budget

Questions
Three members of your project team want to pad their estimates because they believe there are certain risks that might materialize. What is the BEST way to handle this situation? A. Estimate the activities honestly, and then use a contingency reserve to cover any unexpected costs B. Allow more time for the work by adding a buffer to every activity in the schedule C. Tell the team members not to worry about it, and if the schedule is wrong its okay for the project to be late D.Crash the schedule

Questions
1. A. B. C. D. Which tool or technique is used to analyze trends? Scatter chart Run chart Checklist Flow chart

Questions
1. A. B. C. D. When is inspection performed? At the beginning of the project Any time a project deliverable is produced Just before the final product is delivered At the end of the project

Questions
Youre managing a project to deliver 10,000 units of custom parts to a manufacturer that uses Just In Time management. Which of the following constraints is most important to your client? The parts must be delivered on time The parts must be delivered in a specific order The parts must conform to ISO specifications The parts must be packaged separately

A. B. C. D.

Questions
Which of the following is NOT a human resource process? A. Develop Human Resource Plan B. Acquire Project Team C. Report Team Performance D. Develop Project Team

Questions
Your company is constructing a new just in time manufacturing facility in Puerto Rico. This facility will be producing 3,000 bicycles every day. The raw materials are delivered to the facility on standard pallets, each taking up 1m2 (one square meter) of space. Every day approximately 500 pallets will be delivered to the facility. You have asked four local companies to submit their offers for constructing this new manufacturing facility. If you had to pick a vendor based on just the following information, which one would you choose? A.) Company A: 8,000 m2 of production space and 500 m2 of pallet storage B.) Company B: 8,000 m2 of production space and 350 m2 of pallet storage C.) Company C: 8,000 m2 of production space and 250 m2 of pallet storage D.) Company D: 8,000 m2 of production space and 0 m2 of pallet storage

Questions
Your designer has given his resignation. This means that you will be losing him and your team size (including yourself ) will go from 12 to 11 people. How many fewer communication channels do you personally have on your project? A.) 1 B.) 10 C.) 11 D.) 12

Questions - Risk
The project manager for a construction project discovers that the local city council may change the building code to allow adjoining properties to combine their sewage systems. She knows that a competitor is about to break ground in the adjacent lot and contacts him to discuss the possibility of having both projects save costs by building a sewage system for the two projects. This is an example of which strategy? Mitigate Share Accept Exploit

A. B. C. D.

Questions - Risk
A. B. C. D. Which of the following is NOT a risk response technique? Exploit Transfer Mitigate Confront

Questions - Risk
A. B. C. D. You are using an RBS to manage your risk categories. What process are you performing? Risk Planning Risk Identification Qualitative Analysis Quantitative Analysis

Questions - Risk
A. B. C. D. Which of the following is used to monitor low priority risks? Triggers Watch lists Probability and Impact Matrix Monte Carlo analysis

Questions - Risk
Youre managing a construction project. Theres a 30% chance that weather will cause a three-day delay, costing $12,000. Theres also a 20% chance that the price of your building materials will drop, which will save $5,000. Whats the total EMV for both of these? $3,600 $1,000 $2,600 $4,600
The expected monetary value (or EMV) of the weather risk is the probability (30%) times the cost ($12,000), but dont forget that since its a risk, that number should be negative. So its EMV is 30% x -$12,000 = -$3,600. The building materials opportunity has an EMV of 20% x $5,000 = $1,000. Add them up and you get -$3,600 + $1,000 = -$2,600.

A. B. C. D.

Questions - Risk
Joe is the project manager of a large software project. When its time to identify risks on his project, he contacts a team of experts and has them all come up with a list and send it in anonymously. What technique is Joe using? SWOT Ishikawa diagramming Delphi Brainstorming

A. B. C. D.

Questions - Risk
Susan is project manager on a construction project. When she hears that her project has run into a snag due to weeks of bad weather on the job site, she says No problem, we have insurance that covers cost overruns due to weather. What risk response strategy did she use? Exploit Transfer Mitigate Avoid

A. B. C. D.

Questions - Risk
Youre performing risk identification on a software project. Two of your team members have spent half of the meeting arguing about whether or not a particular risk is likely to happen on the project. You decide to table the discussion, but youre concerned that your teams motivation is at risk. The next item on the agenda is an discussion of a potential opportunity on the project in which you may be able to purchase a component for much less than it would cost to build.Which of the following is NOT a valid way to respond to an opportunity? Exploit Transfer Share Enhance

A. B. C. D.

Questions - Risk
A. B. C. D. Risks that are caused by the response to another risk are called Residual risks Secondary risks Cumulative risks Mitigated risks

Questions - Risk
A. B. C. D. Whats the main output of the Risk Management processes? The Risk Management Plan The Risk Breakdown Structure Work Performance Information The Risk Register

Questions - Risk
Tom is a project manager for an accounting project. His company wants to streamline its payroll system. The project is intended to reduce errors in the accounts payable system and has a 70% chance of saving the company $200,000 over the next year. It has a 30% chance of costing the company $100,000.Whats the projects EMV? $170,000 $110,000 $200,000 $100,000

A. B. C. D.

Questions - Risk
A. Whats the difference between management reserves and contingency reserves? Management reserves are used to handle known unknowns, while contingency reserves are used to handle unknown unknowns. Management reserves are used to handle unknown unknowns, while contingency reserves are used to handle known unknowns. Management reserves are used to handle high-priority risks, while contingency reserves are used to handle low-priority risks. Management reserves are used to handle low-priority risks, while contingency reserves are used to handle high-priority risks.

B.

C.

D.

Questions - Risk
A. B. C. D. How often should a project manager discuss risks with the team? At every milestone Every day Twice At every status meeting

Questions - Risk
A. B. C. D. Which of the following should NOT be in the risk register? Watchlists of low-priority risks Relative ranking of project risks Root causes of each risk Probability and impact matrix

Questions - Risk
Which of the following is NOT true about risk management?

A. The project manager is the only person responsible for identifying risks B. All known risks should be added to the risk register C. Risks should be discussed at every team meeting D. Risks should be analyzed for impact and priority

Questions - Risk
Youre managing a project to remodel a kitchen. You find out from your supplier that theres a 50% chance that the model of oven that you planned to use may be discontinued, and youll have to go with one that costs $650 more. Whats the EMV of that risk? $650 $650 $325 $325

A. B. C. D.

Questions - Risk
A. B. C. D. Which risk analysis tool is used to model your risks by running simulations that calculate random outcomes and probabilities? Monte Carlo analysis Sensitivity analysis EMV analysis Delphi technique

Questions - Risk
A construction project manager has a meeting with the team foreman, who tells him that theres a good chance that a general strike will delay the project. They brainstorm to try to find a way to handle it, but in the end decide that if theres a strike, there is no useful way to minimize the impact to the project. This is an example of which risk response strategy? Mitigate Avoid Transfer Accept

A. B. C. D.

Questions - Risk
Youre managing a project to fulfill a military contract. Your project team is assembled, and work has begun. Your government project officer informs you that a supplier that you depend on has lost the contract to supply a critical part. You consult your risk register and discover that you did not plan for this. Whats the BEST way to handle this situation? Consult the probability and impact matrix Perform quantitative and qualitative risk analysis Recommend preventive actions Look for a new supplier for the part

A. B. C. D.

Questions - Risk
Which of the following BEST describes risk audits? A. The project manager reviews each risk on the risk register with the team B. A senior manager audits your work and decides whether youre doing a good job C. An external auditor reviews the risk response strategies for each risk D. An external auditor reviews the project work to make sure the team isnt introducing new risk

Questions Procurement
Tom is a project manager for a software company. He is contracting a long-term software project with an external company. That company charges him $20/hour per employee and $300 overhead per month. What kind of contract is he using? FP CPPC CR T&M

A. B. C. D.

Questions - Procurement
Which of the following is NOT true about bidder conferences? All potential sellers should meet separately with the buyer Potential sellers should ask questions in an open forum so other sellers can hear the answers Bidder conferences are a good way to make sure sellers are treated fairly All sellers are given the same procurement documents

Questions - Procurement
Youre managing a project that might have to contract out work, and youre comparing the relative advantages and disadvantages of finding a seller versus having your company do the work itself. Which process are you in? Plan Purchases Plan Contracting Select Sellers Request Seller Responses

Questions - Procurement
A. B. C. D. Youre working on creating a qualified sellers list. Which process are you in? Plan Purchases and Acquisitions Plan Contracting Select Sellers Request Seller Responses

Questions - Procurement
Youre managing a project that is difficult to estimate, so you dont have a good idea of when the project will end. Which of the following contracts is BEST? FP CPPC CPIF T&M

A. B. C. D.

Questions - Procurement
A. B. Youre looking for a seller to do work for your project. When do you send out an RFP? After you create the procurement documents, but before you select the seller Before you plan contracting, but after you plan purchases and acquisitions After the bidder conference, but before you select the seller During contract administration

C. D.

Questions - Procurement
ABC Consultancy is getting 200 computers installed from a vendor. The vendor will be paid the cost involved and a 10% incentive. Which contract will be used in this case? A. CPPC B. CPIF C. CPFF D. Fixed Cost

Questions - Procurement
Monika is a Project Manager. She is coordinating a bidder conference to allow vendors to get clarification on the work that needs to be performed. Which phase of Project Management is in progress? A. Conduct Procurements B. Plan Procurements C. Control Procurements D. Close Procurements

Questions - Procurement
Make or buy analysis is a tool used in which process? A. Plan Procurements B. Conduct Procurements C. Administer Procurements D. Analyze Procurements

Questions - Procurement
ABC Consultancy has a large internal project to be initiated. To staff this project, ABC Consultancy is working with People Consultancy to provide three resources for six months. The resources will be part of the team managed by ABC Consultancy for six months. Which contract type should be used? A. Purchase Order B. Cost plus Fee C. Fixed cost D. Time and Material