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 begin. This is an example of:
A. Finish-to-start
B. Finish-to-finish
C. Start-to-start
D. Start-to-finish
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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...... -
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...... -
Monitor and control risks tool While monitoring and controlling risks on a project, one of the tools a project manager could use compares the amount of the contingency reserves remaining to the amount of risk remaining to determine if the remaining reserve is adequate. This is called: A. Reserve analysis B. Performance report C. Risk...... -
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Activity sequencing, part I
You are planning a series of programming tasks and you know that your quality engineers will be testing the code after the programmers have completed the code. This is an example of:
A. Finish-to-start
B. Finish-to-finish
C. Start-to-start
D. Start-to-finish
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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...... -
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...... -
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...... -
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....... -
Monitor and control risks tool While monitoring and controlling risks on a project, one of the tools a project manager could use compares the amount of the contingency reserves remaining to the amount of risk remaining to determine if the remaining reserve is adequate. This is called: A. Reserve analysis B. Performance report C. Risk......
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Close Project output
One of the outputs of the Close Project process is:
A. Verify scope
B. Performance report
C. Final product transition
D. Risk register
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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...... -
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....... -
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...... -
Scheduling with limited resource availability Julie is scheduling a project to develop a new feature for her company's website. Since she works in a functional organization, her team has other assigned projects and therefore, have limited availability for her project. What type of scheduling technique should Julie use to get the best estimate for her...... -
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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Communication model
Key components of a basic communication model are:
A. Encode, message and feedback-message, medium, noise, decode
B. Sender, message, receiver
C. Inputs, tools & techniques, outputs
D. Sender, encode, message and feedback-message, decode, receiver
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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...... -
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...... -
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...... -
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...... -
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.......
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Conceptual models
While gathering requirements for a new community playground, you realize that the best thing for you to do is to create conceptual models and get approvals from the board after each step. What term best describes the models that you are creating?
A. Focus groups
B. Pilots
C. The Delphi technique
D. Prototypes
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Contingency reserve During risk identification, you decide that there are some risks that you do not want to do anything to change their probability or impact. To ensure that you have enough funds in case the risk events are triggered, you request a contingency reserve. How would you best describe this risk...... -
Sequence Activities process As a senior project manager, Jim is asked to review the work of other project managers in the organization. Wendy, a fairly new project manager, is working with her team to sequence activities. One thing Jim should ensure is that Wendy has already performed the __________ process. A. Develop Schedule...... -
Best contract for staff augmentation The project you've been working on for the last six months is slightly behind schedule. Since you have a contingency fund available and the project is currently under budget, you figure the best way to catch up is to on time is to add a temporary staff for the next...... -
Develop Human Resource Plan output Lisa is creating the human resource plan for her project. One important element that she wants to identify during this process is how she is going to staff the resources necessary to complete her scheduled tasks. What type of output does Lisa need as part of her human resource plan?...... -
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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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
C. Expert judgment
D. Parametric estimating
If you are reading this via email, please click here for the answer.
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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...... -
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....... -
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...... -
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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.......
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SV explained
One of your monthly reports claim that your project has a SV of -1000. How would you describe it to your sponsor?
A. The project is behind schedule
B. The project is ahead of schedule
C. Impossible to have a negative SV
D. Not enough information
If you are reading this via email, please click here for the answer.
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Best contract for staff augmentation The project you've been working on for the last six months is slightly behind schedule. Since you have a contingency fund available and the project is currently under budget, you figure the best way to catch up is to on time is to add a temporary staff for the next...... -
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,...... -
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....... -
Develop Human Resource Plan output Lisa is creating the human resource plan for her project. One important element that she wants to identify during this process is how she is going to staff the resources necessary to complete her scheduled tasks. What type of output does Lisa need as part of her human resource plan?...... -
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CV explained
One of your monthly reports claim that your project has a CV of 2000. How would you describe it to your sponsor?
A. The project is $2000 over budget
B. The project is $2000 under budget
C. CV of anything over 1000 is irrelevant
D. Not enough information
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WBS control During the planning phase of your project, you are working closely with your team to put the finishing touches on the initial work breakdown structure (WBS). As your last step, you add a unique identifier to each work package so it can be used to monitor scope, time and cost...... -
Work package size Paula is creating a WBS for her project's scope. However, she does not know the size of the work packages to break the work down to. As an experienced project manager, you tell her that one way to do it is to: A. Ensure that no task is under 1...... -
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...... -
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...... -
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.......
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Wait, what do you mean our RFP isn’t good?
You released an RFP but several of the prospective suppliers have questions regarding some of the scope. You determine that the best way to listen to their concerns and convey your message is to have a(n):
A. Invitation for bid
B. Qualified supplier list
C. Bidders conference
D. Independent estimate
If you are reading this via email, please click here for the answer.
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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...... -
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...... -
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...... -
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...... -
Net present value (NPV) While determining which project to pursue, your management decides to use net present value (NPV) as the key criteria. If the NPV for Project X is 12,000 and the NPV for Project Y is 15,000, which project should be chosen? A. Project X B. Project Y C. Either can be......
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Enterprise environmental factors
While developing a charter, you are asked to consider enterprise environmental factors. These may include all of the following except:
A. Historical information
B. Marketplace conditions
C. Government standards
D. Industry standards
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Transfer risk response strategy A good example of transferring a negative 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 earlier on the...... -
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...... -
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...... -
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...... -
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