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15 Cards in this Set
- Front
- Back
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During a project the scope of product purchased on a cost reimbursable contract has increased. In the contract the contractor‘s indirect costs are calculated as 20 % of the direct costs. What is most likely to be true?
The contractor‘s indirect costs will increase and the customer‘s payment for them will increase, too. The contractor‘s indirect costs will increase but the customer‘s payment for them not. Neither the indirect costs nor the customer‘s payment for indirect costs will increase. The contractor‘s indirect costs will not increase but the customer‘s payment for them will. |
D
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A project management team is evaluating the causes that might contribute to unsatisfactory performance and quality. Which of the following statements is not true?
Normal process variation is attributable to random causes. Special causes are easier to predict and handle than random causes. Special causes are unusual events. A process can be optimized to limit the bandwidth of variations due to random causes. |
B
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What is active risk acceptance?
Creating contingency reserves in money and time. Developing a plan to minimize potential impact. Developing a plan to minimize probability. Making additional resources available |
A
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What is a quality audit?
A team meeting dedicated to measuring and examinations. A quality based inspection of work results. A structured review of quality management activities. A meeting with the customer to identify quality requirements. |
C
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You are assigned as the project manager in a project with an aggressive schedule. During a recent meeting your team complained about the high pressure applied and the many hours of overwork time.
What is the preferred solution to handle the problem? Try to obtain additional budget and time. Improve team communication and availability of high quality data on risks. Use this information to enable you to make well-founded decisions earlier. The problem might be the customer disturbing project rhythm. Keep him on distance from the team. Apply fast tracking to shorten project duration without additional work. |
A
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All the following statements regarding "whistleblowing" are true except
It is the term used to define an employee’s decision to disclose information on unethical, immoral or illegal actions at work to an authority figure. An employee should always discuss the matter with people external to the company before following the "chain of command" and discuss it with the immediate superior. The consequences of whistleblowing are often extreme and include possible being branded as having bad judgment, firing, civil action and imprisonment. Carefully considered whistleblowing can lead to the end of unethical business practices. |
B
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Which of the following statements is not true?
Attribute sampling is the process of assessing whether results conform to specifications or not. Prevention means keeping errors out of the process Variables sampling means that the result is classified into one of the 3 categories: "acceptable" - "acceptable after rework" - "rejected". Inspection means keeping errors out of the hands of the customer. Answer: |
C
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Why should assumptions be documented?
Assumptions might prove to be wrong. Knowing which assumptions were incorrect allows baseline adjustments in case of project crisis. Assumption analysis is a valuable tool and technique of Risk Identification. Assumptions limit the project management team's options for decision making. In case of schedule or budget overruns, the documentation of assumptions supports a clear assignment of responsibility. Answer: |
B
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All the following statements are true except
It is axiomatic of the quality management discipline that the benefits outweigh the costs. Quality should be tested and inspected into work results on a regular base. The primary cost of meeting quality requirements is the expense associated with project quality management activities. The primary benefit of meeting quality requirements is less rework, which means higher productivity, lower costs, and increased stakeholder satisfaction. Answer: |
B
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Which of the following statements about diagramming methods is not
PDM is the same as AON. ADM is the same as AOA. GERT is the same as System Dynamics Model. GERT and System Dynamic Model are examples of conditional diagramming methods Answer: |
C
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What are dummy activities?
Activities in PDM which are not necessary and can be dropped if time is running out. Arrows in ADM which represent dependencies between nodes without real activities. Activities, which can be passed to the team members with the lowest IQ. Activities in PDM which are not performed by team members. Answer: |
B
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What is a trigger in project risk management?
An expected situation causing an unidentified risk event to occur. A warning sign that an identified risk event might have occurred. An unexpected situation causing an identified risk event to occur. An unexpected situation causing an unidentified risk event to occur. Answer: |
b
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What should not be part of a risk management plan?
Roles and responsibilities for handling risks. Timing of risk management activities. The managerial approach towards risk. Individual risks Answer: |
D
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A project manager performs Earned Value Analysis and finds the following results:
EV: 250,000; PV: 200,000; AC 275,000 BAC is 500,000. What is right? EAC = 400,000 EAC = 550,000 BTC = 400,000 ETC = 75,000. Answer: |
B
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The construction of a residential home will cost a certain amount per square foot of living space. This is an example of what type of estimating?
Analogous estimating. Bottom-up estimating. Top-down estimating. Parametric modeling. Answer: |
D
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