A. WBS dictionary
B. Requirements traceability matrix
C. Scope baseline
D. Requirements documentation

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• Cost variance and schedule variance If a project has a Cost Variance (CV) of 1000 and a Schedule Variance (SV) of -1000, what does it mean? A. The project is under budget and behind schedule. B. The project is over budget and ahead of schedule. C. It is impossible to have a negative SV. D.......
• Reason for RAM You were assigned a twelve-person team on your project so you decide to bring a RAM to your kick-off meeting. When asked by an intern how the RAM would help, you explain that it: A. Provides a diagram that decomposes all work. B. Reduces overall project costs by eliminating all......
• Collect Requirements process inputs On a project to build a new corporate intranet, the project manager makes a request that you, her mentor, to help her collect requirements. She lays out a plan and asks you if you prefer to help her with interviewing stakeholders or creating prototypes. However, before deciding, you want to......
• Time and material contract disadvantage When hiring a supplier with a time and material contract, one concern to be aware of is: A. Supplier is not motivated to reduce cost B. You must have clear scope C. There is usually an increase in change orders D. Work can be incomplete or sloppy if they fall......
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A. Projects are performed by teams, operations are performed by individuals
B. Projects are temporary, operations are ongoing
C. Projects are planned, operations are executed
D. Projects are limited by constraints, operations are not

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• Lag or lead? Critical path or non-critical path? Although you got your project schedule approved prior to starting it, your client just moved the target finish date up two days. In order to finish the project two days earlier, which of the following can you apply? A. Add two days of lag to the critical path B. Add......
• Monte Carlo technique Your client requests that you to use a Monte Carlo technique for the project. What are you being asked to do? A. Create a histogram that ranks risks. B. Estimate cost and time results by executing the project many times through a simulator. C. Ignore minor risks and take our......
• Project manager power using title Steven, the assigned project manager, was given authority by his sponsor to not only staff resources to his team but also manage the team on a day-to-day basis. He decides that he will leverage his title and position to motivate his team to follow his lead. This is an example......
• Three point estimate While planning a project that has not been accomplished before at the company, your manager asks you to get a three point estimate from Shari, the lead designer. Shari provides you with an optimistic estimate (2 hours), a most likely estimate (4 hours), and a pessimistic estimate (12 hours). What......
• Contract for project without defined scope You are the project manager for a utility company. While determining the type of contract with one of your suppliers, you realize that the scope has not been defined yet. Which of the following contract types is your best choice? A. Firm Fixed Price (FFP) B. Time and Material (T&M)......

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• The Easiest Home Improvement Projects Some home improvement projects are simply easier than others, but they all make a powerful impact when it comes to increasing the value of your home. Whether you are increasing...

A. Organizational need
B. Strategic offering
C. Social need
D. Technological advance

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• Disclose project budget to vendor Sally is the project manager for a building restoration project. She is also part of the team that decides which vendor they will be selecting to redo the exterior. Bill, her good friend of ten years, happens to be one of the vendors bidding on the project and asks Sally......
• Contract for project without defined scope You are the project manager for a utility company. While determining the type of contract with one of your suppliers, you realize that the scope has not been defined yet. Which of the following contract types is your best choice? A. Firm Fixed Price (FFP) B. Time and Material (T&M)......
• Situational heuristic You, the project manager, have a deliverable due in three days, just in time for your client to showcase at her annual event. However, you just learned that a shipment has been delayed and it will push your delivery date out by a day. What is the first thing you......
• False information on the PMP® application George, one of your co-workers, is applying to take the PMP® exam. When you ask him about the process, he tells you that although he does not have enough experience to qualify, he is simply increasing his actual project hours to fill any gaps. You know this is wrong and......
• Gantt chart weakness You plan on using a project management information system (PMIS) to develop a Gantt chart. One drawback of using a Gantt chart is: A. Finish dates for each project cannot be manually set B. WBS outline cannot be represented C. Relationships between tasks are not displayed D. Only one resource......

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A. Plan Procurements
B. Select Sellers
C. Conduct Procurements
D. Plan Contracting

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• GERT For your new software project, you decide you need to use a Graphical Evaluation and Review Technique (GERT) network diagram. When asked by an intern why you chose to use GERT, you explain that one of the main advantages is that you can: A. Be more accurate than using a......
• Project phases Which of the following is true about project phases? A. There are always five phases: initiating, planning, executing, monitoring and controlling, and closing. B. Phases are determined by the organization. C. There are many ways to frame a project and no one method applies to all projects. D. The project......
• Contract for project that spans many years You are the project manager for a utility company. While determining the type of contract with one of your suppliers, you want to pay a simple fee but recognize that the project will take nearly a decade to complete. Which of the following contract types is your best choice? A.......
• Three point estimate While planning a project that has not been accomplished before at the company, your manager asks you to get a three point estimate from Shari, the lead designer. Shari provides you with an optimistic estimate (2 hours), a most likely estimate (4 hours), and a pessimistic estimate (12 hours). What......
• Long-term project outcomes While working on a project to relocate hazardous materials from one location to another, you are asked to work with the company's risk manager to monitor how the project may impact the communities during and after the project. The professional responsibility term that describes this : A. Conflict of interest......

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• Strategies to Control Runaway Telecom Costs (Part 2) In part two of this two part series (please refer to "Strategies to Control Runaway Telecom Costs (Part 1)" for the first part), I shall discuss the TEM lifecycle and...

A. Reserve analysis
B. Performance report
C. Risk audit
D. Variance and trend analysis

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• Reason for RAM You were assigned a twelve-person team on your project so you decide to bring a RAM to your kick-off meeting. When asked by an intern how the RAM would help, you explain that it: A. Provides a diagram that decomposes all work. B. Reduces overall project costs by eliminating all......
• Perform Integrated Change Control process After taking a position as a project manager for a new department, you learn that they follow a change control process that maps to the Perform Integrated Change Control process in the PMBOK®. What is the likely scenario when making a change to a project? A. Document the change request,......
• It's risky if we don't document the risks You are working on a project to build a small bridge near the town entrance and decide to gather risks using the Delphi technique. You know that once you have identified all the risks at this stage, you will have your initial: A. Monte Carlo Simulation B. Risk register C.......
• Project phases Which of the following is true about project phases? A. There are always five phases: initiating, planning, executing, monitoring and controlling, and closing. B. Phases are determined by the organization. C. There are many ways to frame a project and no one method applies to all projects. D. The project......
• Lag or lead? Critical path or non-critical path? Although you got your project schedule approved prior to starting it, your client just moved the target finish date up two days. In order to finish the project two days earlier, which of the following can you apply? A. Add two days of lag to the critical path B. Add......

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A. Develop Schedule
B. Estimate Activity Resources
C. Define Activities
D. Estimate Activity Durations

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• Activity sequencing, part II The intern who will be verifying address labels will not be able to check them until they have obviously been printed. However, you recognize that she does not have to wait until all of the labels have been printed; rather she can begin shortly after the printing of the labels......
• Long-term project outcomes While working on a project to relocate hazardous materials from one location to another, you are asked to work with the company's risk manager to monitor how the project may impact the communities during and after the project. The professional responsibility term that describes this : A. Conflict of interest......
• Which project requires Close Project tasks? Of the following projects, which would not require you to complete Close Project tasks immediately? A. A construction project that was completed B. A construction project that was put on hold during the execution phase C. A software project that was canceled during the execution phase D. A software project......
• Perform Integrated Change Control process After taking a position as a project manager for a new department, you learn that they follow a change control process that maps to the Perform Integrated Change Control process in the PMBOK®. What is the likely scenario when making a change to a project? A. Document the change request,......
• Reducing project duration with cost in mind Dwight's project is behind schedule. As a result, he is looking to reduce the duration of his project to bring it back on track. Dwight is also tasked with keeping costs as low as possible to reduce the risk of an overrun. What tactic should he use? A. Fast-track B.......

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A. 3
B. 4
C. 6
D. 10

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• Theory Z Ouchi developed Theory Z as a hybrid organization. This concept states that management deems workers as trustworthy and capable of working without close supervision because: A. Workers are motivated by a hierarchy of needs. B. Management provides a supportive environment with lifetime employment. C. Workers are threatened with job loss.......
• Benefit cost ratio (BCR) There are two projects being evaluated but only one can be undertaken. Your finance department decides to use Benefit Cost Ratio (BCR) to help make the decision. Before they even perform the BCR, they inform you that a possible outcome is that neither is a good fit for the organization......
• Accelerated depreciation Megan is working with her finance department to determine depreciation for a warehouse forklift that was purchased. She is told that accelerated depreciation will be used. If the forklift cost $50,000 and Megan wants to spread the depreciation over five years, which of the following will the first year most......
• Lag or lead? Critical path or non-critical path? Although you got your project schedule approved prior to starting it, your client just moved the target finish date up two days. In order to finish the project two days earlier, which of the following can you apply? A. Add two days of lag to the critical path B. Add......
• Contractor money problems While building a new community park, you hired a contractor to complete a small visitor center that includes restrooms, a snack shop, and bulletin boards. You agreed to a fixed price contract payable upon completion of their deliverable. Midway through the project, they contractor informs you that the economy has......

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• Surprise! (Not) Your manager matters Anybody who's ever had a bad manager, knows it's true that your manager counts. Keeping up with ideas -- Do you? I like to keep up with ideas in the...

A. Parametric
B. Analogous
C. Bottom-up
D. Top-down

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• It's risky if we don't document the risks You are working on a project to build a small bridge near the town entrance and decide to gather risks using the Delphi technique. You know that once you have identified all the risks at this stage, you will have your initial: A. Monte Carlo Simulation B. Risk register C.......
• Procurement process Part of your project includes the construction of a new room and although it is not your company's core competency, you decide to perform a make-or-buy analysis. After you conduct your due diligence and make your decision, you will be creating a request for proposal. Which process are you working......
• GERT For your new software project, you decide you need to use a Graphical Evaluation and Review Technique (GERT) network diagram. When asked by an intern why you chose to use GERT, you explain that one of the main advantages is that you can: A. Be more accurate than using a......
• Active acceptance response strategy 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......
• Passive acceptance response strategy You and your sponsor agree to passively 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......

• Barbaric Book Review: Die Broke by Stephen M. Pollan, Part 3 This is Part 3 of my review of Die Broke.  You can read parts 1 and 2 by clicking on the following links: Die Broke, Part 1 - Quit Today Die...
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A. Decision tree
B. Pareto diagram
C. Control chart
D. Fishbone diagram

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• Lag or lead? Critical path or non-critical path? Although you got your project schedule approved prior to starting it, your client just moved the target finish date up two days. In order to finish the project two days earlier, which of the following can you apply? A. Add two days of lag to the critical path B. Add......
• Estimating tool for a project similar to another Jamie, the project manager for creating a new product, recognizes that she will need help estimating. Since she has not managed a project like this before, she decides she will review past projects that company has completed for other products. This is an example of: A. Analogous estimating B. PERT......
• Reason for RAM You were assigned a twelve-person team on your project so you decide to bring a RAM to your kick-off meeting. When asked by an intern how the RAM would help, you explain that it: A. Provides a diagram that decomposes all work. B. Reduces overall project costs by eliminating all......
• When to sample While preparing a quality management plan, you decide that sampling is appropriate for tests. When asked, you explain to your client that, typically, sampling is preferred when at least one of the following is true except: A. It is not cost effective to test the entire population. B. There is......
• Customary gifts While working as a project manager for your company, you travel to another country to meet with the client. During that visit, the client gives you a package and tells you that it is customary in their country to offer gifts. However, your company policy does not allow you to......

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A. Choose Project A
B. Choose Project B
C. Choose neither and seek alternative projects
D. Ask for more information to make a decision

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• Procurement process Part of your project includes the construction of a new room and although it is not your company's core competency, you decide to perform a make-or-buy analysis. After you conduct your due diligence and make your decision, you will be creating a request for proposal. Which process are you working......
• False information on the PMP® application George, one of your co-workers, is applying to take the PMP® exam. When you ask him about the process, he tells you that although he does not have enough experience to qualify, he is simply increasing his actual project hours to fill any gaps. You know this is wrong and......
• Improving personal project management competencies Your mentor informs you that as a PMP®, you are responsible for improving your own project management competencies. You should respond with: A. You agree but it only applies after you have achieved your PMP®. B. You agree and all project managers should strive to improve themselves. C. You disagree......
• GERT For your new software project, you decide you need to use a Graphical Evaluation and Review Technique (GERT) network diagram. When asked by an intern why you chose to use GERT, you explain that one of the main advantages is that you can: A. Be more accurate than using a......
• Customary gifts While working as a project manager for your company, you travel to another country to meet with the client. During that visit, the client gives you a package and tells you that it is customary in their country to offer gifts. However, your company policy does not allow you to......

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