1 project management concepts

Which of these terms describes a critical path task?

Zero float

EV for a project is 800, and AC is 1200. CPI for the project would be which one of the following?

.667

What are the defining characteristics of a project?

Each correct answer represents a complete solution. Choose two.

Creation of a unique product or service & Temporary in nature

There are three primary constraints on most projects. Your customer, or project sponsor, will stipulate which of the three is the most important to them. Which three are the typical constraints found on the majority of projects?

Scope, time, and budget

With a forecast for a worse-than-average hurricane season, a construction company is aware that certain material costs could rise if a hurricane makes landfall. They begin daily monitoring of the National Weather Service and start actively tracking any tropical storm as they form so they can quickly act to purchase materials in case a hurricane becomes a legitimate threat. What type of risk response strategy is this?

Enhance

You are working on a construction project. Your organization owns one crane, and the crane is needed for two tasks on your project at the same time. This is known as which of the following?

reosurce shortage

The project team has been asked to add some additional functionality to an existing application. A business analyst sits down with the stakeholders to be walked through what the application needs to do, how it needs to look, and what other applications or reports the data needs to be shared with. What part of the change control process is the business analyst performing?

requirement definition

Your project task is complex, and you decide to use a three‐point estimating technique. Which of the following options determine the three‐point estimate?

Each correct answer represents a complete solution. Choose three.

Optimistic estimate, pessimistic estimate, and most likely estimate

Your team is working well together. They understand their roles on the project, perform the work with the best effort possible, and really enjoy working with one another. A new team member will be introduced next week who is well respected by the current team. Which of the following are true regarding this situation?

Each correct answer represents a complete solution. Choose two.

Once the new team member is introduced, the team will revert to the forming stage of team development & The team is currently in the performing stage of team development

What is the focus of the lessons learned report?

the reprt should cover both the postitive and negative aspects of the project, with suggestions for improvement

Which of these are units of measures agreed upon by the agile team that are used to estimate the amount of work it takes to complete a user story?

story points

You are responsible for a project in which some of the deliverables are outside the skill sets of your company resources, so you know you'll have to use consultants for at least part of the work. You know what work needs to be completed and have a rough order of magnitude idea of what the work might cost. You're ready to get to work. What kind of document would you use to solicit assistance with this project?

RFP (request of proposal)

Which waterfall methodology divides projects into specific stages, such as startup, directing, and delivery?

PRINCE2

What does a CCB do to support the project?

helps vet and manage changges to the scope

At the conclusion of a defined work period, Belle got the project team together to figure out what went well, what did not go well, and what improvements could be made. What type of meeting was this?

scrum retrospective

The customer site for a project is located in a rural part of the country, while the project headquarters is located in a metropolitan hub. What would be the biggest impediment to face-to-face communication?

geographical factors

which of the following is used in a burn rate calcuation

CPI (cost performance index)

You are a new project manager working in the PMO. Your project customer is the Finance department. The Finance department is uncooperative when working with the PMO. You have experienced some pushback from members of the finance team on following established project management processes, and they repeatedly go around you to team members and other stakeholders with project information. What factor of influence on communication does this represent?

intraorganizational differences

All of the following represent a category of contract most commonly used in procurement, except for which one?

requests for proposal

Your task requires 4 miles of paving, and it will take 30 hours to complete one mile. On a past project similar to this one, it took 150 hours to complete. Which of the following statements is true regarding this estimate?

the total estimate for this task is 120 hours, which was derived using parametric estimating

Which of the following agile methodologies describes the seven wastes?

kaizen

A government agency has hired a firm to perform work on its sewer system. As a part of the RFP, the agency requires the successful vendor to carry insurance for errors and omissions. What type of risk strategy is this?

transfer, negative risk strategy

Your team has experienced issues in the past in having all IT team members engaged and involved in the project. The server team is notoriously left out of the loop until the last minute and then they have to scramble to get things ready for deployment. Which of the following team structures would help eliminate this issue?

devsecops team

which costs should be included in a make-or-buy analysis?

Each correct answer represents a complete solution. Choose two.

direct & indirect

What is the first thing that should happen when a new change request comes in?

it should be added to the change request log and assigned a tracking number

Which is the use of a sprint planning meeting?

to set a realistic backlog of items completed during this iteration

The process of assigning numerical probabilities to each risk and the impacts on project objectives is known as which one of the following?

quantitative risk analysis

The project sponsor (who is also the project champion in this question) provides which of these functions to the project?

Each correct answer represents a complete solution. Choose three.

defining the business justification, marketing the project & removing roadblocks

Which entity is responsible for reviewing change requests, reviewing the analysis of the impact of the change, and determining whether the change is approved, denied, or deferred?

CCB ( change request board)

which of the following is not a characteristics of an agile project management approach

it follows strict adherence to a change control process

all of the following represent performance measure, except for which one

control limits

melissa works for Wigitcom and has recently been assigned to a project. She was given assignments from her functional manager and the project manager but was directed to do the project work. When Melissa requested leave, it was granted by her functional manager but then denied by the project manager. What type of organizational structure is Wigitcom using?

strong matrix

you have identified a risk on your project, and the team decided they won’t create a repsonse plan; if the risk happens, they’ll deal with consequences when they occur. This is an example of which risks tragedy?

accept

this type of organizational structure is usually organized along departmental lines, but resources assigned to a project are accountable to the project manager for all the work associated with the project. what type of structure is this?

matrix

You are working on resource assignments and need to determine the types and criticality of the resources needed for the project, along with the skill sets of the existing project team members. If you don't have the skills on staff, you'll need to contract with an external vendor to procure the resources needed. You are examining resources that will need to be engaged for the entire project. What does this question describe?

Each correct answer represents a complete solution. Choose three.

you are preforming a gap analysis, these are core resources, and you can procure resources much faster by using a prequalified vendor

developing contingency reseerves to deal with risks, should they occur, is known as which one of the following?

active acceptance

what is the term for a group of related project smanged in a coordinated fashion?

program

the project team is perfoming testing on some of the work of the project. The testing does not appear to be lining up with the project management plan. Which of the following is required to get the project back on track?

ccorrective action

you are determining the risk score for each of the risks in your risk register. You need which of the following to determin this score

impact if the risk occurs & the probaility the risk will occur

the project team is required to attend a dily stand up meeting to dicuss the project activitis and roadblocks. Which document lets the project team know that they need to attend this meeting

communication plan

which vendor selection method weighs various criteria from the RFP scores each vendor on each of the criteria, and determines an overall score each vendor

weighted scoring model

which of these is not an example of a project selection method?

top-down esstimating

in the development of a project schedule, setting governane gates are important. which of the following is not an example of governance gate?

daily stand-up meeting

you’re the project manager on a project where the scope has expanded. The change has been approved by the change control board (CCB). which steps must you take to acknowledge the new scope

chose two

communicate the change and team members & update the project management plan

what are the crashing and fast-tracking techniques used for ?

duration compression

You're the project manager on a project where the scope has expanded. The change has been approved by the change control board (CCB). What steps must you take to acknowledge the new scope?

Each correct answer represents a complete solution. Choose two.

update the project management plan & communicate the change to stakeholders and team memebers

all of the following are strageties for dealing with negative risks, except for which one?

Share

which of the following are true rgeardig the project baseline

project baseline includes the approved project quality plan, includes the approvded project scope, approved by the project manager, approved by the project sponser, and the approved project schedule

you are asked to present and explain your porject cost baseline. All of the following are true, except for which one.

the baseline is calculated and approved by the project manager

You are asked to prepare an estimate for a project that involves planting new trees in the parking lot. The trees cost $800 each, and the labor to install them is $75 per hour. You are planting 10 new trees, and each tree takes one hour of labor to plant, stake, and water. What is the estimated cost of the labor for this project, and which technique are you using to determine this estimate

$750 & parametric method

requirements are known as which of the following when using a scrum methodology, and who is responsible for writing them and prioritizing them

requirements are known as user stories & the product owner write them

the dr. bruce tuckman’s model for team formation includes 

norming, perfoming, adjourning, forming, and storming

which type of contract is the riskest for the buyer

cost-reimbursable

after implementing a change, the change should be validated to ensure it worked as planned, What plan should the team have in place in case the change does not go according to plan

Regression

A list of steps undertaken to undo a release and restore a system to its original state is known as what?

rollback plan

which type of contract allows the seller to recover all allowable expenses associated with providing the goods or services.

cost-reimbursable contract

which of the following are true regarding project portfolios

the programs and projects withinin the portfolio support the stragetic goals of the portfolio & the independent projects in the portfolio may not have anything in common

the total time it will take for one person to complete a task from beginning to end without taking into account holidays, time off, and or other project work is known as ___ estimate

work effort

you are the execcuting phase of your project implementing anew CRMS. The business expert (one of the key stakeholder on the project) has requested a change to the workflow process in the system for customer escalations. All of the following are true regarding this chnage, excepet for which one

This is a project management change

your team is working on some configuration changes to your human resources software program. The coding changes have just started, and you want to perform a test that will identify simple failures and look at the most critical functions of the program before proceeding. What type of test does thiis describe.

smoke

how should a project team record what was said and agreed to during project gatherings?

create meeting minutes

which of following is true for float

it’s the amount of time an activity can be delayed without affecting the project completion date

which of the following options are types of resources, excepet for one

interproject resources

which of the following is not a cost-estimating technique

SIPOC-R

Using the cost variance formula (CV = EV - AC), how will you know if your costs are higher than budgeted for your project?

The resulting number is negative

What does it mean to exploit a positive risk?

Look for opportunities to take advantage of positive impacts.

When the schedule slips on a project because the work is taking longer than planned, what type of common project change does this represent?

Timeline chnage

An adaptive method would be preferable to a more rigid project management style in which situation?

When dealing with a rapidly changing environment

In this organizational structure, you report to the director of project management, and your team members report to their areas of responsibility (accounting, human resources, and IT). You will have complete control of the project team members' time and assignments once the project is underway. Which type of organization does this describe?

Projectized

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Question 43 :

Which of the following is not true regarding cost estimating?

cost estimates have a quality factor built into them

Which of the following risk analysis techniques may examine urgency, dormancy, controllability, strategic impact, and others when defining probability and impact?

Qualitative

Liberty in purchasing needs you to create an SOW prior to releasing an RFP. What does SOW stand for?

statement of work

Which of the following tools is used for entering data to generate a Gantt chart, WBS, or activity sequence automatically?

This type of question contains radio buttons and checkboxes for selection of options. Use Tab for navigation and Enter or space to select the option.

project scheduling software

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Question 48 :

Which of the following describe iterative scheduling?

Each correct answer represents a complete solution. Choose two.

User stories that are in the sprint backlog will be decomposed into tasks and team members will choose the tasks they want to work on during the sprint.

User stories are pulled from the product backlog and placed on the sprint backlog for the team to work on in the upcoming sprint.