PM Test Center

An anonymous way to reach a consensus of experts when identifying risks is:

A. Interviewing
B. Delphi technique
C. Root cause analysis
D. Brainstorming

Answer: B. Delphi technique
When using the Delphi technique, a facilitator gathers risks through an anonymous survey. When feedback is received, the process is repeated until a consensus is reached.

Which Human Resource management process includes tracking team member performance and providing feedback?

A. Manage Project Team
B. Develop Project Team
C. Report Performance
D. Acquire Project Team

Answer: A. Manage Project Team
Those activities are part of the Manage Project Team process.

You and your sponsor agree to actively accept the quality risk of using a non-certified engineer on the project. What will you be doing?

A. Nothing. You will only react if the risk event occurs.
B. Find a way to decrease the probability or impact of the risk.
C. Create a contingency plan in the event the risk event occurs.
D. Insure the risk so your company can be compensated if the risk event occurs.

Answer: C. Create a contingency plan in the event the risk event occurs.
Active acceptance means that you create a contingency plan but do not implement it unless the risk event occurs. Typically this strategy is for risks that have a low probability and/or low impact. Decreasing probability or impact is a mitigation response while insurance is a transfer response.

As Elaine documents test results, she completes each case with either a pass or a fail. This is an example of:

A. Standard deviation
B. Mutually exclusive
C. Statistical independence
D. Fitness for use

Answer: B. Mutually exclusive
Mutually exclusive, at the most basic level, means that two things cannot happen at the same time. In this example, each test case is either a pass or a fail. Elaine cannot choose both.

During what process does negotiating a project team occur?

A. Develop Human Resource Plan
B. Negotiate Project Team
C. Acquire Project Team
D. Develop Project Team

Answer: C. Acquire Project Team
Acquire Project Team tools and techniques include pre-assignment, negotiation, acquisition, and virtual teams.

One way to enhance a positive risk is:

A. Hiring another contractor to accelerate a project
B. Replacing a new employee with a more experienced one to ensure better quality
C. Buying insurance against weather impacting a construction schedule
D. Starting a task a few days later on the critical path

Answer: A. Hiring another contractor to accelerate a project
Enhance strategy is used when attempting to increase the probability or impact of a risk. A common method is to crash, essentially adding more resources to a particular task to accelerate the timeline.

The main output of the Report Performance process is:

A. Performance reports
B. Stakeholder register
C. Project charter
D. Communications management plan

Answer: A. Performance reports
Performance reports provide status and progression for the project to various stakeholders.

If EV = 25,000, PV = 30,000, and AC = 29,000, what is the SPI?

A. 0.83
B. 0.86
C. 1.16
D. 1.20

Answer: A. 0.83
SPI (Schedule Performance Index) is calculated by EV (Earned Value)/PV (Planned Value). The 0.83 means that the project is progressing at 83% of the baseline.

If EV = 25,000, PV = 30,000, and AC = 29,000, what is the CPI?

A. 0.83
B. 0.86
C. 1.16
D. 1.20

Answer: B. 0.86
CPI (Cost Performance Index) is calculated by EV (Earned Value)/AC (Actual Cost). The 0.86 means that the project is getting 86 cents out of every dollar.

While managing a project for a new playground, one of your team members uncovers an opportunity to exploit a risk. Most likely, he found a way to:

A. Increase the probability or impact of a risk
B. Ensure that a positive risk is realized
C. Decrease the probability of impact of a risk
D. Eliminate the threat entirely

Answer: B. Ensure that a positive risk is realized
The term exploit is used to define a strategy that ensures that a positive risk, or opportunity, is realized. Increasing a probability or impact is a enhance response, decreasing a probability or impact is a mitigation response, and eliminating is an avoid response.