Practice Test Flashcards
Study for the final exam (27 cards)
What are the three categories of risk in the project risk register?
External
Technical
Organizational
A general contractor is managing a highway construction project that will repair a flood-damaged road. The DOT offered an incentive fee if the repairs are completed early. Therefore, the PM has established a rewards and recognition program and has communicated this to the project team members. The projet’s recognition program will reward project team members who add value by accelerating the project while maintaining its ability to deliver the completed scope correctly.
Which change management phase does this scenario describe?
Reinforcing the change
A firm begins a strategic business initiative for developing a new business model that will allow the firm to deliver an efficient, tailored service to its customers.
Which stakeholder would have triggered this strategic business initiative?
Project Sponsor
The project team is determining the duration for upgrading the software on the app used on its mobile devices. An experienced tech took 15 mins to complete the task. Two other new techs will be assisting. They have performed a few upgrades on mobile devices, desktop computers and laptop computers, which took one tech approximately 24 mins and the other 20 mins to upgrade.
Using three-point estimating, how many minutes will it take for each upgrade performed?
20 mins
An organization has a surplus of project dollars in the operating budget. The senior leaders’s decision is to fund one more project with the remaining funds. Of the three projects proposed, one of the projects was selected without evaluation of feasibility or viability.
Which non-numeric model is the leader using
Sacred Cow
Bantam Electronics, a leader in mobile communications, has fallen behind in technology. Competitors have introduced products using the latest technology. Resources with expertise in this technology are scarce since there are very few universities offering training in the technology. Bantam’s market share has fallen from 70 % to under 50%.
Hire technical staff from the competition
Which two organizations are examples of organizations with the functional organizational structure?
The U.S. Department of Energy
The U.S. Department of State
During which life cycle phase is the vast majority of the actual work to produce the project’s deliverables completed?
Executing
The customer of a project validates that the project scope has been completed, all invoices have been paid and the expected benefits have been realized.
Which closure practice does this describe?
Deliverable completion
A project team is gathered together to begin the planning process for a large office building. It is discussing estimates of each activity in the schedule. For all of the plumbing-related work, the team will use the information obtained from the plumber-in-residence in its organization.
One-point
In Project A, the contract specifies that time is very important. All of the scope must be completed, or the project will fail. The project’s objective requires the project team to work as quickly as possible.
Which triple constraint can be adjusted to permit the project team to work as quickly as possible?
Cost
What is the purpose of the schedule performance index (SPI)?
To determine a project’s time efficiency
Project Activities in order of occurrence
- Collecting customer requirements
- Developing WBS
- Working to produce project deliverables
- Customers evaluating the project outcomes
- Capturing lessons learned
A general contractor is managing a highway construction project that will repair a flood-damaged road. The project was documented in a cost-plus-incentive fee contract that specified a completion date of June 30. The Department of Transportation has offered an incentive for early completion of the repairs.
Which triple-constraint baseline remains unchanged by the effects of the incentive?
Scope
Each project team member generated a series of questions to evaluate three projects. The checklist was compiled into one list based on frequency of question content, such as personnel, materials, experience, and time. The more frequent the question content, the more likely the questions would be asked first.
Which two benefits result from this checklist approach?
Strategic impact has been integrated
Operational impact has been built in
A PM has identified activities in a calendarized budget.
What is the appropriate next planning action this project manager should take to utilize the cost, duration and sequencing information for these activities?
Creating project schedules
A project manager wants to understand and document the approvals that must be obtained for each work package in the work breakdown structure (WBS).
Which tools document the approval requirements for each work package?
Choose 2 answers
Project Statement of work (SOW)
Requirements traceability matrix (RTM)
Two processes that are considered iterative processes.
Planning
Executing
A general contractor from Germany is managing a construction project in Norway that will add a new conference room to an existing office building. The project needs to collect requirements from the client prior to developing plans to build the new conference room.
Which two actions would prove useful to plan the project’s quality?
Choose 2 answers
Establishing metrics that describe what to measure and how to measure it
Defining traceable and verifiable requirements that can be validated at project closure
A firm begins its strategic business initiative of developing a new business model to enhance its competitiveness.
What can be identified as a strategic business initiative for this firm?
Improvement in product design
A project is an operational necessity to repair a design flaw in the date field that constrains the year number to two digits, instead of permitting the year to be indicated with four digits. If the project is not completed before December 31, 1999, many legacy programs are expected to fail or produce unpredictable outcomes. The marketing department wants to upgrade its existing computer equipment and have the costs included in the budget for this project. The project team implemented the marketing department’s request without completing the formal change control procedures.
What has happened to the scope baseline in this scenario?
Scope creep has caused a scope variance
What is internal rate of return?
The discount amount when present value of cash intake equals the original investment.
A project manager is discussing the latest financial reports of a project to construct a grocery store and is approximately 90% into the planning phase. The project manager has been told by a project team member that other grocery stores in the area have an automated teller machine (ATM) for visitors. An ATM has not been discussed or incorporated into the planning of this project nor have any been incorporated into prior grocery store services. The leader calls for the immediate addition of an ATM into all prior grocery stores.
Which non-numeric model is this leader using?
competitive necessity
Which deliverable from a WBS is not specific enough to measure its completion at project closure?
User training
