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24 Cards in this Set
- Front
- Back
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Who is responsible for TEAM development?
A. PM B. Functional Mgr C. Stakeholders D. Entire Project Team |
Executing ->HR Mgmt ->
****A. PM PM owns responsibility of managing team development. |
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Leading, communicating, and problem solving are examples of ___ management skills.
A. Project B. General C. Senior D. HR |
***B. General
****Executing - Human Resources Management These are general skills that managers of any type will need to use in order to perform successfully for the organization. |
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Which of the following can best help a project mgr during a project execution?
A. Stakeholder analysis B. Change Control Board C. PMIS D. Scope verification |
Executing - Integration Management
Choice C is correct. ****You answered D.**** Choice A is incorrect, as stakeholder analysis should have been completed during the project planning processes. Choice B is also incorrect. CCBs can assist the project manager, but not as much as the control and assistance offered through a PMIS. Choice C is correct. A PMIS can assist the project manager the most during project execution. It does not replace the role of the project manager. This is a tool and technique of direct and manage project execution. The other tool and technique is expert judgment. Choice D is incorrect. Scope verification is proof of the project work, not an assistant to the project manager. |
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Which of the following best describes Independent Estimates?
A. Check proposed pricing by procuring organization B. Project Budget for the project SOW C. Range of estimates as derived by rough order magnitude techniques. D. Average of prices received from prospective sellers. |
****A. Chek proposed priing by procuring org; independent estimates ae referred to as "should cost."
... you answered C. Project budget for the project statement of work Range of estimates as derived by rough order magnitude techniques Average of prices received from prospective sellers. Executing - Procurement Management A. Check proposed pricing by procuring org Independent estimates derived by the buyer are often referred to as "should cost" estimate for the procurement. This is done to ensure correct pricing levels on the procurement. |
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All of the following are activities of the config mgmt system except for which one?
A. Variance analysis B. Identification C. Status accounting D. Verification and auditing |
***A. Variance analysis
You answered C. Monitoring & Controlling - Integration Management The three activities associated with configuration management include: Configuration identification Configuration status accounting and Configuration verification and auditing. |
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PV=$1,700; BAC=$5,000; E=$1,800; AC=$1,600. What is to complete performance index (TCPI)?
A. 0.94 B. 0.89 C. 1.25 D. 1.0625 |
***
What are TCPI formulas? TCPI based on BAC, TCPI = (BAC-EV) / (BAC -AC) TCPI based on EAC, TCPI = (BAC-EV) / (EAC -AC) A. 0.94 Monitoring & Controlling - Cost Management (BAC-EV) / (BAC-AC) = [(5000-1800) / (5000-1600)] = 0.94 |
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Your project has not been going very well. Stakeholders funding the project have been complaining to you about the performance of the project team. This is best described as:
A. 360-degree reviews B. External fdbk C. Performance reports D. Team disagreements |
***** B. External feedback =Performance of the project team
You answered C... Executing - Human Resources Management The best answer is B. It is very important for you to get external feedback about the performance of your project team from external parties such as stakeholders. |
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Finished creating RFP, now required to secure quotations. Several sellers for scope, limited time, and resources. What next for securing quotation against RFP?
A. Choose prospective sellers recommended by another colleague B. Consult the senior mgmt and leave it to them. C. Refer to the qualified seller list and source seletion criteria to make a decision D. Put an advertisement in local paper. |
C. Refer to qualified seller list and source selection criteria to make a decision.
Executing - Procurement Management A) Choice A is incorrect because making a decision based on recommendations from a colleague is not a systematic approach. B) Choice B is incorrect. The project manager's responsibilities include delivering all aspects of the project and hence solicitation work should not be taken up to senior management. C) Limited time and resources imply constraints in inviting and evaluating several quotations / bids. A systematic approach would be to pre-screen vendors, by following the organization's approved vendor list for such procurement. The qualified sellers list along with the source selection criteria will allow you to make a decision quickly and objectively. D) Choice D is incorrect as advertising is used for enhancing prospective seller list and in the stated circumstances of limited resources and time, this may not be appropriate. |
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The ___ skills of general management are often the __ to do.
A. Soft, hardest B. General, last C. Hard, easiest D. Tactical, hardest |
Executing - Human Resources Management
Soft skills, such as handling people, are difficult to learn. People skills are almost always the hardest to learn and to master, and usually must be done on the job. Technical skills are learned more easily and often taught in school. |
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Which of the following processes belong to the Executing process group?
A. Scope verification B. Develop Project Team C. Quality Control D. Schedule Development |
B. Develop Project Team
Executing - Human Resources Management A) Scope verification falls within monitor and control process group B) Develop project team is part of the executing process C) Scope verification is a monitoring and controlling process activity D) Schedule development falls within the planning process |
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EV=100, CPI=1, SV=80. How much is Earned Value?
A. 100 B. 1 C. 1.5 D. 0 |
A. 100
Monitoring & Controlling - Cost Management The answer is actually in the question. If EV=100, then how much is Earned Value? 100. |
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You are a PM at a projectized org, your project is in middle of configuration phase of SW implementation for a client. One of your team leads set up an informal meeting w you to demonstrate the functionality and progress to date.
One of the client stakeholders found out and wants to attend despite your suggestion not to. Stakeholder attends and becomes vocal and dissatisfied. In order to avoid this situation, you as the project manager should have: A. Ignored stakeholder's request B. Established ground rules and set expectations for the purpose of the meeting. C. Set an agenda for the meeting D. Invited other team members for their input. |
B. Established ground rules for the meeting and set clear expectations for the purpose of this meeting.
Executing - Human Resources Management By establishing clear ground rules and setting expectations for the meeting this could have avoided any confusion by the stakeholder. By clearly communicating that the product is still in the development stage, that this is just an internal demonstration, and that the stakeholder's attendance was purely for observation purposes, you might have avoided the conflict with the stakeholder |
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When using decomposition in Define activities, final output is:
A. Deliverables B. Work packages C. Activities List D. Schedule |
C. Activities list
Planning - Time Management Many companies have a collection of templates that contain historical information about a previous project. Templates can help you get started with your activities list, especially with historical information about similar projects. |
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You have just joined a new org and are taking over a project from a PM who left the org. This project is unfamiliar territory, you have little experience with this particular industry. Which of the following should you familiarize yourself first?
A. WBS B. RIsk Register C. EEFs D. Project Schedule |
****Not ***8A. WBS
Correct Answere is C: EEF Initiating - Framework Enterprise Environmental Factors – A Project Manager just assigned to a project needs to review all of these documents, however since this is unfamiliar territory you will want to understand the culture, policies, market conditions, external factors etc before you can effectively manage the project and before you can truly understand the impact of the other documents. Therefore you will be looking for the EEF first. Exam Central Page 4 of 45 http:// |
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All of the following are true regarding Stakeholders except?
A. Stakeholders can be at different levels of the org B. Stakeholders must be internal to the performing org C. Stakeholders may exert influence over the project and its deliverables D. Stakeholders can be orgnztns as well as individuals. |
B. Stakeholdes must be internal to the performing org.
Initiating - Communications Management Choices A, C, and D are all correct about stakeholders. Choice B is wrong, because stakeholders CAN ALSO BE EXTERNAL to the performing organization. |
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Which of the following is not an input to Estimate Cost?
A. Scope Baseline B. HR Plan C. EV analysis D. Risk Register |
C. EV analysis cuz its a TNT (Tools and Techniques)
Planning - Cost Management The inputs to the Estimate Costs process are scope baseline, project schedule, human resource plan, risk register, enterprises environmental factors, and organizational process assets. Earned value analysis is used in the Control Cost process. |
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Completed a project... Contract is a Cost plus Incentive fee contract (CPIF). Target costs are $500k. Target profit is $80k. However, project completed at $450k. Incentive split is 80/20. How much is the total contract cost?
A. $470k B. $490k C. $460k D. $450k |
****
Target cost= $500k Target Profit =$80k AC =$450k, project completed at this cost Incentive fee of $50k? (Ceiling prx - Target / buyer share ) + profit C. $460,000 Planning - Procurement Management Target Cost is 500000 Target Profit is 80000 Actual Cost is 450000 Sharing Ratio: Buyer is 80% and Contractor is 20% Saving : 500000 - 450000 = 50000 (20% is 10000) Thus Contractor will receive 450,000+ 10000 =460,000 |
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Performance reviews are held to:
A. Correct PM's mistakes B. Provide answers for upper levels of mgmt C. Assess project status or progress D. Appraise project costs and cost trends of the project. |
A. Assess project status or progress
***** Executing - Human Resources Management Performance reviews are held to assess project status or progress. |
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Which of the following lists everything that is included in the staffing mgmt plan?
A. Staff acquisition, roles& resp, staff release plan, training needs, recognition &rewards, compliance and safety. |
****Incorrect - You answered: A
Staffing mgmt plan includes: D. Staff acquisition, RESOURCE CALENDARS, staff release plan, training needs, recognition and rewards, compliance and safety Planning - Human Resources Management The staffing management plan includes staff acquisition, resource calendars, staff release plan, training needs, recognition and rewards, compliance and Safety. |
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Risk identification can be defined as:
A. Identifying all risks on project B. Identifying known risks that might affect project, and recording their attributes C. Identifying key risks by performing a Pareto analysis D. Knowing when to label issues as risks for mitigation process. |
B. Identifying known risks that might affect a project, and recording their attributes
Planning - Risk Management A) Answer A is incorrect-- identifying all the risks on a project maybe the goal of a project, however, it is not possible to identify all the risk in the beginning B) Answer B is correct --Identifying risk involves determining which known risks might affect a project and recording their attributes C) Answer C is incorrect because a Pareto analysis would be part of quantitative risk analysis D) Answer D is incorrect, but a good skill for a project manager to have |
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In a cost plus fixed fee (CPFF) contract, how can the fee change?
A. It cannot B. It can change on project scope change |
B. It can change on project scope change
****** Planning - Procurement Management Cost Plus Fixed Fee Contracts are where the seller is reimbursed for all allowable cost for performing the contract work, and receives a fixed fee payment calculated on initial estimated project costs. Fee amount does not change unless the project scope changes. |
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A Pareto chart is a type of:
A. Cause and effect diagram B. Control chart C. Histogram D. Scatter diagram |
C. Histogram
Executing - Quality Management A Pareto chart is a specific type of histogram, ordered by frequency of occurrence and showing how many defects were generated by various factors. Applying Pareto's Law to this histogram, therefore, we should find the first few bars fairly high, then a great drop off and the remaining bars very low. |
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Having a "war room" would be an example of:
A. Contract negotiation tactics B. Co-locatin C. This term has no meaning in the project management field D. HR planning tools. |
B. Co-location
Executing - Human Resources Management Co-location is the practice of locating all team members in a central location. A war room is a central location where all team members can be co-located, which helps improve communications and team interaction. This is a tool of Develop Project Team used in human resource management. |
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PM typically spends most amt of time performing which of the following:
A. Communication B. Procurement C. Budgeting D. Team Negotiations |
A. Communication
Initiating - Framework A It’s been said that project managers spend 90% of their time in communication B Choice B is incorrect C Choice C is incorrect D Choice D is incorrect |
