A.Schedule baseline
B.Components of project plan
C.Activity attributes
D.Schedule baseline and/or components of Project Management Plan
Answer: D Explanation: Best answer. Schedule variance analysis along with review of progress reports, results of performance measures and modifications to the project schedule can result in change requests to the schedule baseline and/or to other components of project management plan.
A.According to Interest
B.According to Organization hierarchy
C.According to Involvement
D.According to Influence
Answer: B Explanation: (“I” words J. Most projects will have a large number of stakeholders. As the project manager`s time is limited and must be used as efficiently as possible, these stakeholders should be classified according to their interest, influence, and involvement in the project. This enables the project manager to focus on the relationships necessary to ensure the success of the project.
A.Document all the decisions taken by you on the activities performed by the vendor.
B.Refrain from administering the contract.
C.Resign from the project.
D.Remind your senior management of conflict of interest.
Answer: A Explanation: In case of conflict of interest situations, the project manager should inform senior management, and distance oneself from the conflict of interest situation, if possible. However, in this context, as the senior management insists and the project manager has to continue in the current position, appropriate documentation can help in preventing any accusation of bias in conflict of interest situations. Option B and Option D are not relevant - you had already mentioned about the conflict of interest situation to the senior management and got approval to continue with the project. Option C is an extreme step which need not be taken at this time.
A.Business Requirements/Business Needs
B.Work Breakdown Structure
C.Resource Breakdown Structure
D.Graphical Statement of Work (SOW)
Answer: C Explanation: Resource breakdown structure (RBS) is a hierarchical structure of resources by resource category and resource type used in resource leveling schedules and to develop resource-limited schedules, and which may be used to identify and analyze project human resource assignments.
A.Develop the Project Charter
B.Adopt a Project Life Cycle
C.Stakeholder Analysis
D.Create the Project Scope Statement
Answer: D Explanation: Project Scope Statement is created during the Planning Process Group.
A.Performing a Monte Carlo simulation
B.Performing Qualitative Risk Analysis
C.Performing Quantitative Risk Analysis
D.Listing them as Residual Risks
Answer: B Explanation: Qualitative Risk Analysis ranks risks subjectively (e.g. on a scale from 1-10).
A.Collaborating
B.Smoothing
C.Avoiding
D.Directing
Answer: D Explanation: Directing is not a method for conflict resolution. “Forcing” would be the closest to directing but is not listed as an option.
A.Do not continue to manage the project.
B.Update the management with the status of the project.
C.Bring the project on schedule and then inform the management about the status of the project.
D.Do crashing and fast-tracking of the project.
Answer: B Explanation: As per the PMI Code of Ethics and Professional Conduct, a project manager should always provide true account of information in an appropriate manner at appropriate times. Option A: This is an extreme step and should not be taken now. Option B: This is the correct answer; the management should be informed about the project status. Option C: This is unethical - you should not withhold information from appropriate stakeholders. Option D: Crashing would further increase costs and fast-tracking may increase risks: this may adversely impact the project status, and should be done only after informing the management.
A.Greatest at the early stages of the project.
B.Greatest at the middle of the project.
C.Greatest at the project closure stage.
D.Constant throughout forming, storming, norming, and performing
Answer: A Explanation: The ability to influence cost is greatest at the early stages of the project, making early scope definition critical.
A.Initiating
B.Executing
C.Monitoring and Controlling
D.Planning
Answer: C Explanation: Control Communications is the process of collecting and distributing performance information, including status reports, progress measurements, and forecasts, etc.
A.Autocratic, democratic, Laissez Fair
B.Formal, Reward, Penalty, Expert, Referent
C.Forming, Storming, Norming, Performing, Adjourning
D.Planning
Answer: B Explanation: Formal, Reward, & Penalty (Formal/legitimate: based on position in organization). Expert, Referent (based on reputation/credibility).
A.Problem solving
B.Avoiding (Withdrawing)
C.Forcing
D.Confronting
Answer: B Explanation: Avoid the person; avoid the problem…
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A.Close out the project.
B.Review the situation with your customer and sponsor.
C.Rectify the flaw and then close out the project.
D.Close the project and then inform the sponsor about the flaw.
Answer: B Explanation: Option B: Since this is a “minor flaw,” but rectification of that flaw would take a long time, it is better to discuss with the sponsor and customer and get their inputs. Option A and Option D: This is unethical - the project manager should definitely complete the project as per the specifications before closing the project. Option C: Rectification of a minor flaw can lead to delay of 2 months in the project: so, the project manager should first inform the sponsor and customer before rectification of the flaw.
A.Validate Scope, Close Procurements, Close Project or Phase
B.Kickoff Meeting, Acquire Project Team, Conduct Procurements
C.Quantitative Risk Analysis, Risk Response Planning, Procurement Management Plan, Project Management Plan finalization for approval, Project Management Plan sign off, Kickoff Meeting
D.Cost Estimates, Budget, Cost Management Plan, Quality Management Plan
Answer: D Explanation: Cost Management Plan should be first in option D.
A.Manage the operational activities in the company .
B.Manage human resource and risk management issues for individual projects .
C.Provide support functions to project managers in the form of training, providing software, standardizing policies, etc.
D.Provide subject matter expertise in the functional areas of the project.
Answer: C Explanation: A Project Management Office (PMO) is an organizational body or entity tasked with various responsibilities related to the centralized and coordinated management of those projects under its domain. The responsibilities of a PMO can range from providing project management support functions to actually being responsible for the direct management of a project.
A.Uncontrolled changes
B.Controlled changes
C.Manageable changes
D.Unmanageable changes
Answer: A Explanation: Uncontrolled changes are often referred to as project scope creep.
A.Deadline, missing man, good guy/bad guy, & fait accompli
B.Negotiate on the merits
C.Joint Problem Solving
D.Don’t dig into your position, improve (or at least not damage) the relationship
Answer: A Explanation: These are actually negotiating tactics that may be used against you!
A.Make or buy analysis
B.Bidder conferences
C.Expert judgment
D.Contract types
Answer: B Explanation: Option B: This is the correct answer. Documenting project purchasing decisions, specifying the approach and identifying potential sellers are performed as part of the Plan Procurements process. “Bidder conferences” are a technique used in Conduct Procurements process. Make- or buy- analysis, expert judgment, and contract types specified in the options A, C, and D respectively are some of the tools and techniques used in Plan Procurements process.
Early Start (ES): 25 days
Late Start (LS): 30 days
Early Finish (EF): 50 days
Late Finish (LF): 55 days
Based on this information, you can deduce that:
A.The activity is on the critical path.
B.The project may get delayed.
C.The project float is 5 days.
D.The activity is not on the critical path.
Answer: D Explanation: Option D: This is the correct option, as the task is not on the critical path. Option A: Since LS - ES = LF - EF = 5 days, the task has a slack of 5 days; hence this task cannot be on the critical path. Option B: There is no information in the question that suggests that the project may get delayed. Option C: The project float is the amount of time a project can be delayed without delaying the externally imposed date. Since the externally imposed date is not mentioned, we cannot determine the project float.
A.Plan Risk Management
B.Risk Reassessment
C.Perform Qualitative Risk Analysis
D.Control Risks
Answer: D Explanation: Control Risks is the process of implementing risk response plans, tracking identified risks, monitoring residual risks, identifying new risks, and evaluating risk process effectiveness throughout the project.
A.Prevent team members from starting the work without your permission.
B.Prevent scope creep.
C.Prevent unnecessary changes to project scope.
D.Clarify and initiate the work for each work package.
Answer: D Explanation: Work authorization system: A subsystem of the overall project management system. It is a collection of formal documented procedures that defines how project work will be authorized (committed) to ensure that the work is done by the identified organization, at the right time, and in the proper sequence. It includes the steps, documents, tracking system, and defined approval levels needed to issue work authorizations.
A.Costs of nonconformance
B.Emotional Intelligence-related costs
C.Failure costs
D.Prevention costs
Answer: D Explanation: Proactive is necessary.
A.Ensure that sellers have a clear understanding of the proposal.
B.Determine who would be qualified sellers for bidding.
C.Evaluate the interest level of sellers.
D.Use evaluation criteria to select sellers.
Answer: A Explanation: Bidder conferences are meetings with all prospective sellers and buyers prior to submittal of a bid or proposal. They are used to ensure that all prospective sellers have a clear and common understanding of the procurement (both technical and contractual requirements), and that no bidders receive preferential treatment.
A.Mandatory dependencies
B.Discretionary dependencies
C.Industry norms
D.Best Practice standards for ISO 9001 certification
Answer: B Explanation: Discretionary dependencies are established based on the knowledge of best practices within a particular application area or some unusual aspect of the project where a specific sequence is desired, even though there may be other acceptable sequences. Discretionary dependencies should be fully documented, since they can create arbitrary total float values and can limit later scheduling options.