Question 1.
During the planning and implementation phases, there is often a need to conduct trade-offs between several approaches to the project execution.
The trade-offs are made between_______ .

A. Scope, issues, and risks.
B. Risk, schedule, and quality.
C. Cost, schedule, and quality.
D. Overhead, direct cost, and expenses.
E. Design, engineering, and implementation.

Answer: C

Question 2.
What is the core function of a project manager?

A. Project integration
B. Client interface
C. Systems design
D. Quality assurance
E. Facilitating meetings

Answer: A

Question 3.
Which two methods are valid for developing project task duration estimates? (Choose two)

A. Historical data
B. Expert judgement
C. Value engineering
D. Stochastic estimating
E. Bottoms-up estimating

Answer: A, B

Question 4.
Which component is used to estimate resource requirements, activity durations, and costs?

A. Project plan
B. Implementation plan
C. Business requirements
D. Work breakdown structure (WBS)

Answer: D

Question 5.
DRAG DROP
Exhibit:
 

Task A is dependent on the completion of Task B. Task C is dependent on the starting of
Task B.
Place the tasks in the order in which they will start.

Answer:
 
Question 6.
The firm you are working with, ITCertKeys.com, has a number of stakeholders with a wide variety of backgrounds. The stakeholders do not agree on the objectives for the project. 

What is the first thing you should do in order to resolve the differences the stakeholders have with respect to the project objectives?

A. Conduct a series of meetings with all stakeholders.
B. Conduct a brainstorming session with all stakeholders.
C. Prepare and deliver a presentation on objective development to all stakeholders.
D. Conduct interviews with each stakeholder to understand which objectives they feel are critical.

Answer: D

Question 7.
The project is well under way and you notice that the enthusiastic support of an executive stakeholder has diminished. You believe the executive now has doubt about the project.

Which three abilities would best help a project manager resolve this situation? (Choose one)

A. The ability to manage team resources.
B. The ability to identify the areas of doubts.
C. The ability to develop meaningful status reports.
D. The ability to act without creating negative impact.

Answer: B

Question 8.
Your project team has five developers. Developers 1 has a personal issue with the work schedule of Developer 2, and refuses to work overtime unless Developer 2 also works overtime. All team members, except Developer 2 work five days a week, averaging between 45 to 52 hours per week. Developer 2 works four days a week, and averages 48 hours per week. Your project is 70 percent complete, and is three percent behind schedule. Everyone met their task duration goals up to this point, but the project has been slightly delayed by an external vendor. If everyone works together you think you can make up the slippage. You worry that Developer 1's issue will cause the project to be delayed further. The rest of the group is working well together and Developer 2 is not aware of the issue.

What should you do to resolve the issue?

A. Have the two team members get together and work out their issues.
B. Talk with Developer 1 to find out the real issues and help him work on these issues.
C. See if Developer 2 can change this work schedule until the project is back on track.
D. Conduct a team building process with all the team members and recognize each of them for their accomplishments.

Answer: B

Question 9.
You project plan designates several development phases. Some of the phases overlap. Your plan indicates where executive management involvement should occur. Executive management involvement includes the sign-off upon completion of a phase and approval for the start of the next phase. The plan indicates that the executive management meeting should take place in ten days. You are aware that the current phase will not be completed for 20 days. You are three percent ahead of budget in terms of cost, and one percent ahead of budget in terms of time. These figures are in-line with the variance allowance set for the phase by the executive management at the inception of the phase. 

What should you do?

A. Reduce the estimates of work outstanding to minimize the reported overrun in time and cost.
B. Move some of the incomplete tasks into a later phase as there is some slack in the plan that could be utilized.
C. Speak to the executive on the executive management and explain the need to delay the executive management meeting by 10 days.
D. Hold the executive management meeting in the previously appointed date so there is no inconvenience to the executive management members.

Answer: C

Question 10.
The ratio of Budgeted Cost of Work Performed to Budgeted Cost of Work Scheduled (BCWP/BCWS) is called______ .

A. Critical Ratio (CR)
B. Cost Variance (CV)
C. Cost Performance Index (CPI)
D. Schedule Performance Index (SPI)

Answer: D

Explanation:
Schedule performance index
The schedule performance index (SPI) is a ratio of the work performed on a task versus the work scheduled. Here is its formula:
SPI = BCWP/BCWSAn SPI of less than 1.0 means you're behind schedule; a value over 1.0 means you're taking less time than you expected.

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