PMP_QA_1000_Questions Part 10
Question 693
You are in the process of directing the performance of the planned project activities and managing the various technical and organizational interfaces that exist within your project. Which of the following process are you performing?
A. Monitor and control project work
B. Integrate change control
C. Develop project management plan
D. Human resource planning
E. Direct and manage project execution
Answer: E
Question 694
You are the project manager at a financial services company. Your company has awarded a CPFF (cost plus fixed fee) contract to XYZ
Corp, a financial consulting company, to develop a comprehensive workstation offering real-time advanced charting, decision support tools, and portfolio management.
The terms and conditions of the contract explicitly stipulate that XY
Corp must provide weekly status reports and performance reports regarding the project work. However, the seller has failed to provide any status report for the past 3 weeks.
Which of the following is the BEST action to take?
A. Half payments until the missing status reports are prepared
B. Issue a change order
C. Issue a letter of default
D. Issue a stop work order to XYZ Corp, until the missing status reports are prepared
E. Alert the management team
Answer: C
Question 695
Which of the following statements are FALSE regarding weighting and screening systems?
A. Weighting systems and screening systems are tool/ techniques of request seller responses process
B. None of the choices are correct
C. Weighting systems are methods for quantifying quantitative data to minimize any biases when performing seller selection D. Screening systems establish minimum requirements for performance for one or more evaluation criteria when selecting a prospective seller
Answer: A
Question 696
Which of the following statements are FALSE regarding Bidder conferences?
A. Bidder conferences involves the receipt of bids or proposals and the application of the evaluation criteria in order to select a vendor
B. Bidder conferences allows prospective vendors to ask questions and clarify issues with regards to project and the RFP
C. Bidder conferences are meetings with prospective sellers prior to the preparation of a proposal
D. All potential sellers must remain on equal standing during this process
E. Bidder conferences are tools/ techniques of the request seller response process
Answer: A
Question 697
Which of the following statements are true regarding proposals EXCEPT:
A. Proposals are seller-prepared documents that describes the seller ability to provide requested services
B. Proposals are considered a formal and legal response/ offer to a buyer’s request
C. Proposals are output of the Request Seller Response process D. Proposals can combine the technical (approach) and commercial (price) sections, which must be evaluated together.
Answer: D
Question 698
Reasons for changing the staffing management plan include all of the following EXCEPT:
A. None of the choices are correct
B. Illness
C. Promotions
D. Changing workloads
E. Retirements
Answer: A
Question 699
Which of the following are outputs of the information distribution process EXCEPT:
A. Information received from stakeholders
B. Documentation of reasoning behind corrective changes C. Correspondence, memos, and documents describing the project D. Performance reports
E. Formal and informal project status report
Answer: D
Question 700
Which of the following describes an input to the direct and manage project execution process that consists of documented, authorized directions required to bring expected future project performance into conformance with project plan?
A. Approved change requests
B. Implemented preventive actions
C. Implemented change requests
D. Approved preventive actions
E. Implemented corrective actions
F. Approved corrective actions
Answer: F
Question 701
Which of the following are outputs of the develop project team process?
A. Team performance assessment
B. Performance reports
C. Reward and recognition systems
D. Project staff assignment
E. Input to performance appraisals
Answer: A
Question 702
You are in the process of directing the performance of the planned project activities and managing the various technical and organizational interfaces that exist within your project. All of the following are outputs of this process EXCEPT:
A. Deliverables
B. Implemented WBS updates
C. Implemented defect repair, work performance information D. Implemented corrective actions, implemented preventive actions E. Requested changes, implemented change request
Answer: B
Question 703
Which of the following are false regarding corrective actions?
A. Corrective actions generally do not require root cause analysis ti identify the cause of variation
B. Corrective actions are the outputs of process in the controlling process group
C. Corrective actions are used to bring expected future project performance in line with the project plan
D. Approved corrective are inputs to the direct and manage project execution process
Answer: A
Question 704
You are a project manager at a project company developing wireless mobile applications. You are currently in the risk identification process, where you are trying to identify and document all risk that might impact the project.
You have assembled your experts both from inside and outside the company. You have asked them to make a anonymous questionnaire
to identify the potential risks of the project. The experts will then mail back the questionnaire directly to you. Once you have received the feedback, you intend to organize the responses in order to compile a final list of potential project risks. Which of the following best describes the techniques are you using?
A. Normal group technique
B. Assumption analysis
C. Delphi technique
D. Brainstorming
E. Diagramming technique
Answer: C
Question 705
Which of the following depicts a hierarchical tabulation of physical assemblies, subassemblies and components required to manufacture a product?
A. BOM
B. RBS
C. OBS
D. WBS
E. None of the choices are correct
Answer: A
Question 706
You are in the process of defining the specific activities that need to be performed to develop the necessary project deliverables. Which of the following are NOT outputs that you will produce during this process?
A. Activity list
B. Milestone list
C. Project schedule network diagram
D. Requested changes
E. Activity attributes
Answer: C
Question 707
You are in the process of establishing a total cost baseline for measuring project performance. Which of the following is the LEAST
helpful INPUT?
A. WBS, WBS dictionary
B. Project funding requirements, performance reports
C. Activity cost estimates & supporting details
D. Contract, resource calendars, cost management plan E. Project scope statement, project schedule
Answer: B
Question 708
Which f the following processes involves determining and documenting which risks are likely to affect the project?
A. Risk response planning
B. Risk management planning
C. Risk identification
D. Risk monitoring and control
Answer: C
Question 709
You are currently the project manager at a rapidly growing retailer of high-performance audio equipment. You have been asked to lead the project to expand the retail business in the Unite States. You are currently deciding amongst three promising geographic locations: New York, Seattle, and San Francisco.
You have been asked that San Francisco has a smaller market potential, but the probabilities of success is high. On the other hand, the New York market has larger market potential, but the probability of success is low. Your project team member has given you the following forecast. Which of the following statements are true?
A. You should select Seattle, as it provides the highest expected monetary value
B. You should select San Francisco, as it provides the highest expected monetary value
C. You should select New York, as it provides the highest expected monetary value
D. You should use multi-objective programming algorithms to determine which location to select
E. You should select San Francisco, as it provides the lowest NPY
value
Answer: A
Question 710
Schedule model data, which is an output of the schedule development process, includes all of the following EXCEPT:
A. Schedule milestones, schedule activities
B. Resource histogram
C. Schedule baseline
D. Alternative schedules
E. Activity attributes, constraints and assumptions
Answer: C
Question 711
Which of the following statements are FALSE regarding sensitivity analysis?
A. Sensitivity analysis helps determine which risks have the most potential impact on the project
B. Sensitivity analysis is a statistical concept that calculates the average outcome of project objectives under different assumptions and scenarios
C. A tornado diagram is a display of sensitivity analysis D. Sensitivity analysis examines how variation and uncertainty of individual project element impacts of project objective, assuming all other project elements re varied concurrently Answer: B
Question 712
Which of the following statements are FALSE regarding project scope management plan?
A. Project scope management plan specifies how changes to the project scope statement will be managed.
B. Project scope management plan specifies how WBS will be created, maintained and approved
C. The project scope management plan describes how the project scope will be defined and managed by the project scope management team
D. The project scope management plan is an output of the Scope Definition process
E. The project scope management plan is contained within the project management plan
Answer: D
Question 713
All of the following precedence relationships can be expressed using PDM EXCEPT:
A. None of the choices are correct
B. Start-to-finish
C. Finish-to-start
D. Finish-to-finish
E. Start-to-start
Answer: A
Question 714
You are in the process project a project schedule for repainted your house, you first need to scrap off the existing paint, and then add a layer of primer. The primer provides the paint a better bonding surface so it sticks to the base material much better. Without priming, drywall surfaces will soak up more finish paint in some areas than in others, producing a splotchy effect.
Unfortunately, you have to wait once the primer is applied you must wait until the primer dries before adding on the actual paint. You estimate that it will take 8 hours for the primary to dry. To correctly sequence these activities, which of the following should you do?
A. Add a lag time 8 hours to the priming task
B. Add a lead time of 8 hours to the priming task
C. Add float time between the priming and painting tasks D. Fast track the priming and painting tasks
Answer: A
Question 715
Which of the following describes the difference between the maximum funding and the end of cost baseline?
A. Funding requirements
B. Expected cash flow
C. Estimate to completion
D. Management reserve
E. Funding limit reconciliation
Answer: D
Question 716
A poorly written detailed Project Scope Statement will impact all of the following EXCEPT:
A. Ability to create a work breakdown structure
B. Ability to develop a project charter
C. Ability to define schedule activities
D. Ability to define cost estimates
E. Ability to define risk management activities
Answer: B
Question 717
All of the following are he benefits of using WBS except: A. Shows dependencies between project tasks
B. Obtain team buy in
C. Facilities communication between project team members and stakeholders
D. Provides a basis for estimating cost and time
E. Identifies all the required work for project
Answer: A
Question 718
You are a project manager at an utility company. Due to the recent rise in the cost of petroleum, the market demand for cheaper alternate forms of energy has grown exponentially. Your company has identified a multi billion dollar market opportunity for alternate forms of energy.
However your organization does not have enough resources and expertise to exploit this market opportunity. Hence your organization has identified and hire a team of scientists. Your organization is working with recruiting firm to identify the qualified candidates. Which of the following best describes the type of strategy you are using to deal with this market opportunity?
A. Avoidance
B. Acceptance
C. Exploit
D. Share
E. Enhance
Answer: C
Question 719
You would like to develop a cost estimates for your project. However you are under tremendous time pressure, and do not have a time to perform extensive cost calculations. You just need to determine a quick, ball park estimates for your project. Which of the following cost estimating techniques should you use?
A. Cost based estimating
B. PDM
C. Bottom up estimating
D. ADM
E. Analogous estimating
Answer: E
Question 720
You are using the three points estimating techniques to estimate the duration of the scheduled activities. Which of the following statements are true given the following data?
Pessimistic=200 days
Optimistic days=100 days
Most likely=120 days
Average=140 days
Variance=466.66
A. The calculations were perform assuming a uniform distribution B. Not enough information is provided
C. The calculation were performed assuming a exponential distribution
D. The calculation were performed assuming a triangular distribution
E. The calculations were performed assuming he beta distribution Answer: D
Question 721
You are the project manager for the software company that develops stock analysis software. You have been assigned to develop a new technical analysis tools to forecast the price of stock given its historical volatility based on Elliot Wave techniques. You need to gather necessary information to write the project scope management plan.
Which of the following information do you not need as input to your current process?
A. Expert judgment
B. Project management plan
C. Market place condition, stakeholder risk tolerance D. Historical information
E. Project charter
Answer: A
Question 722
Which of the following statements are true regarding the critical path method?
A. The critical path method calculates the early start, early finish, late start, late finish dates, and float times for each activity B. The critical path method calculates the early start, early finish, late start, late finish dates, and weighted averages for each activity
C. The critical path method calculates the optimistic, pessimistic, and most likely duration times for each activity
D. The critical path method calculates the optimistic, pessimistic, and most likely float/ slack times for each activity
Answer: A
Question 723
Which of the following describes the longest path through a project schedule network after resource leveling?
A. None of the choices are correct
B. Critical path
C. Critical chain
D. Late finish
E. Late start
Answer: C
Question 724
You are the project manger at a leading manufacturer of consumer electronics, personal computers and peripherals. Unfortunately, your company is facing a rapidly maturing market characterized by consolidation and commoditization. Hence you have been assigned a project to drive growth and profit by integrating an online CRM
(costumer relationship management) solution. Industry benchmarks suggest the CRM solution should generate $100-$300M in bottom the benefits.
You have just finished developing the risk response plan for the project. Which of the following is the BEST action to perform next?
A. Perform Schedule development
B. Perform a risk audit
C. Identify the quality standards
D. Perform a risk reassessment
E. Develop overall risk ranking for the project
Answer: A
Question 725
All of the following statements are true regarding simulation and Monte Carlo analysis EXCEPT:
A. For cost risk analysis, a simulation can use the project WBS or cost breakdown structure as its model
B. For schedule risk analysis, a simulation can use the PDM
schedule as its model
C. Simulation is a tool technique of qualitative risk analysis D. Modeling and simulation are recommended for use in cost and risk analysis because they are more powerful and less subject to misuse than EMV analysis
E. Simulation is a technique that computes the project cost or schedule over multiple iterations using random values selected from distributions of possible costs or duration values Answer: C
Question 726
All of the following statements are true regarding the critical path method EXCEPT:
A. The critical path method accounts for resource limitations B. The critical path method calculates the theoretical early start and finish dates for all schedule activities
C. On a network path, the schedule flexibility is measured by the difference between early and late dates
D. Critical paths have either negative or zero total float E. The critical path method performs a forward pass analysis and backward pass analysis through the project schedule network paths
Answer: C
Question 727
Which of the following statements are FALSE regarding expected monetary value analysis (EMV)?
A. Decision tree analysis is a type of EMV analysis
B. EMV is technique for measuring the performance of work and used to establish the performance measurement baseline
C. EMV is calculated by multiplying the value of each possible outcome by its probability of occurrence, and summing them together
D. EMV is a statistical concept that calculates the average outcome of project outcomes based on various assumptions and scenarios E. EMV is a tool/ technique of Qualitative Risk Analysis Answer: B
Question 728
You are in the process of identifying and documenting the project roles and responsibilities and create staffing management plan. All of the following should be addressed when listing the roles and responsibilities EXCEPT:
A. Training needs
B. Role
C. Responsibility
D. Competency
E. Authority
Answer: A
Question 729
A summary activity describes a group of related schedule activities aggregated at some summary level, and displayed/ reported as a single activity at the summary level. What is another term for a summary activity?
A. Work activity
B. Planning package
C. Hammock activity
D. Control account
E. Milestone activity
Answer: C
Question 730
Which of the following best describes the amount of time one can delay the start of task without delaying the completion of the project?
A. Lead time
B. Total slack
C. None of the choice are correct
D. Free slack
E. Lag time
Answer: B
Question 731
With respect to management planning, timing defines how often risk management process should be performed throughout the project lifecycle. Which of the following is the key factor affects timing?
A. Timing should allow results to be developed early enough to affect decisions
B. Timings should be determined by the budget and cost of the project
C. Timings should be determined by the organization’s risk management policies
D. Timings should be determined by the size of the project E. Timings should be determined by the criticality of the project Answer: A
Question 732
You are the project manager at a software company developing the next-gen OODBMS (Object Oriented Data Base Management System).
You are in the process of developing project schedule using CPM
(Critical Path Method).
One of the disadvantages of CPM is that it does NOT consider resource availability. In fact, you’ve quickly identified that one of your key engineers, Michael, is over allocated. Which of the following statements are true?
A. You should use crashing in order to resource level the critical path tasks
B. You should use three point estimates in order to reassign the resource appropriately
C. You should use resource leveling heuristics to reassign the resource appropriately
D. You should fast track the process in order to resource level the critical path tasks.
Answer: C
Question 733
Which of the following statements are FALSE regarding analogous estimating techniques?
A. Analogous estimating is a form of expert judgment
B. Analogous estimating is a tool and technique of activity definition process
C. Analogous estimating uses the duration of a similar activity to determine the duration of current activity
D. Analogous estimating is also called top-down estimating Answer: B
Question 734
Reserve analysis is a tool/ technique in all of the following processes EXCEPT:
A. Activity duration estimating
B. Cost estimating
C. Schedule development
D. Risk monitoring and control
E. Cost budgeting
Answer: C
Question 735
All of the following should be included in the initial staffing management plan as part of human resource planning EXCEPT: A. Time frames for project team members
B. Certifications and trainings need for team members C. Assessment of project team’s performance
D. Applicable government regulations, union contracts E. Criteria for rewards
Answer: C
Question 736
Which of the following statements are FALSE?
A. Analogous estimating is a form of expert judgment and is generally less accurate than other techniques, but is also costly.
B. Cost aggregation and parametric estimation is a tool/ technique of cost budgeting process
C. Parametric estimating is an estimating technique using project characteristics/ parameters to estimate the total project costs D. Cost aggregation is used to ensure that the expenditure of funds is reconciled with the funding limits imposed by the performing organization
Answer: D
Question 737
You are a project manager at day-old donuts, a rapidly growing franchise selling premium donuts at a discount. Currently your company is planning for opening new stores throughout the United States. You have been asked to open a store in Manhattan, New York.
Construction on a new store is about to begin.
You have determined the dependencies between activities on a project. One of the activity dependencies is that the trusses on the building must be installed prior to the installation of the roofing. Which of the following is true?
A. This is an example of soft logic
B. This start-to-finish relationship
C. This is an example of discretionary logic
D. This is finish-to-start relationship
Answer: D
Question 738
Probability-impact matrix, risk data quality assessment, risk categorization, and risk urgency assessment are tool/ techniques of which process?
A. Quantitative risk analysis
B. Risk response planning
C. Risk identification
D. Qualitative risk analysis
Answer: D
Question 739
You have been recently assigned to provide an accurate project schedule for a large construction company. You are evaluating the network diagrams for the construction project, and are using backward pass calculations to construct the schedule.
You are trying to calculate the latest start time for laying the foundation of building. The expected duration for this task is 120 days.
The task must be completed within 300 days, while the expected completion is between 220 days. The latest finish date is 290 days.
Based on this information, what is the latest start time of this task?
A. 170
B. 300
C. 120
D. Not enough information is provided
E. 290
Answer: A
Question 740
You are in the process of developing an approved project schedule that will serve baseline against which the project can be tracked. All of the following can be following are required as part of schedule development EXCEPT:
A. Reserves
B. Network diagram
C. Leads and lags
D. Resource calendars
E. Performance measurements
Answer: E
Question 741
Which of the following statements most accurately describes the difference between plan purchases and acquisitions and plan contracting?
A. Plan purchases and acquisitions involves documenting product requirements and identifying potential sources, while plan contracting involves obtaining quotation, bids, offers, and proposals
B. Plan purchases and acquisitions involves documenting product requirements and identifying potential sources, while plan contracting is determined what to procure
C. Plan purchases and acquisitions involves determined what to procure, while plan contracting involves documenting product requirements and identifying potential sources
D. None of the choices are correct
Answer: C
Question 742
Poor allocation of time and resources and inadequate quality of the project plan should be classified in which of the following risk categories?
A. Force majeure risks
B. Technical risks
C. Project management risks
D. External risks
E. Organizational risks
Answer: C
Question 743
All of the following situations will cause schedule activity duration estimates to directly influence the cost estimates ESCEPT: A. When the project budget includes cost of financing components B. When planned components and control accounts are not adequately defined in the WBS
C. When union labor with regularly expiring collective bargaining agreements are involved
D. When resources are applied per unit of time for duration of schedule activity
E. When seasonal cost variations are involved
Answer: B
Question 744
Which of the following statements are FALSE regarding the activity duration estimating process?
A. The risk register is an input to the activity duration estimating process
B. Duration estimates should be as precise as possible, and hence a single specific duration value should be provided
C. The duration estimates are progressively estimated D. Activity duration estimating involves estimating the number of work periods that will e needed to complete individual schedule activities
E. The activity cost estimates are an input to the activity duration estimating process
Answer: B
Question 745
Which of the following process is used to identify project roles, responsibilities, and reporting relationships for project team member?
A. Human resource planning
B. Activity resource estimation
C. Acquire project team
D. Develop project team
Answer: A
Question 746
All of the following statements are true regarding the procurement management plan EXCEPT:
A. The procurement management plan explains how multiples vendors should be managed
B. The procurement management plan is an output of the plan purchase and acquisition
C. The procurement management plan defines the statement of work which contains the details of the procurement item/ service in specific terms
D. None of the statements are true
Answer: C
Question 747
You are currently in the process of prioritizing risks by their impact and probability of occurrence. The risk register updates from this process include all of the following EXCEPT:
A. Low priority risks
B. Risks requiring responses in the near term
C. Risk reassessments
D. Risk group by categories
E. Priority list of project risks
Answer: C
Question 748
A WBS is an input to all of the processes EXCEPT:
A. Cost estimating
B. Activity definition
C. Cost budgeting
D. Scope control
E. Direct and manage project execution
Answer: E
Question 749
All of the following statements are true regarding cost-reimbursable contracts EXCEPT:
A. cost-reimbursable contracts often includes incentives for meeting or exceeding project objectives
B. cost-reimbursable contracts are used when there is little uncertainty regarding the project
C. cost-reimbursable contracts generally carry the highest risks to the buyer, as the total costs are uncertain
D. cost-reimbursable contracts are contracts that involves payments to the seller for actual costs, plus a fee representing the sellers profit
Answer: B
Question 750
Which of the following statements are FALSE regarding the CPM
method?
A. The latest start of the task can be determined by subtracting the duration of the task from the latest finish date of task B. The forward pass is used to calculate the early finish dates and early start dates for the uncompleted portions of all network activities
C. Free slack is the amount of time one can delay the start of a particular task, without delaying the completion of the project.
D. The backward pass is used to calculate the late finish dates and late start dates for the uncompleted portions of all network activities
Answer: C
Question 751
You’ve been hired as a project manager for a local community college.
The community college wants you upgrade the hardware for each of its web servers, and install the necessary security patches for each web-server. You are ready to begin the activity resource estimation process for your project. Which of the following would you NOT consider when developing the activity resource requirements document?
A. Activity lists
B. Activity attributes
C. Resource availability
D. Project management plan
E. Resource breakdown structure
Answer: E
Question 752
Which of the following statements regarding risk register is FALSE?
A. The risk register contains the results of qualitative risk analysis, quantitative risk analysis, and risk response planning B. The risk register is a component of the project management plan C. The lowest level of the RBS can be used as the risk register
D. The risk register provides information on risks regarding the probability of occurring, impact on objectives, proposed responses, owners and status
E. The risk register describes all identified risks, along with their description, category, and cause
Answer: C
Question 753
Which of the statements regarding the WBS is FALSE?
A. A WBS from a previous project can often be used as a template for a new project
B. To identify the major deliverables of the project requires analyzing the detailed project scope statement
C. Different deliverables in the WBS can have different level of decomposition
D. The work activity is the lowest level of the WBS and is the point at which the cost and schedule for the work can be reliably estimated
E. The WBS is an output of the create WBS process
Answer: D
Question 754
All of the statements regarding control accounts and planning packages are true EXCEPT:
A. Planning packages reflect a future segment of work within a control account that has not yet been decomposed into detailed work packages
B. A control account is an assigned WBS level used to monitor cost and schedule performance of significant element of work C. As work becomes more clearly defined, planning packages are converted into work packages
D. Each work package / planning package may be associated with only one control account
E. Control accounts and planning packages are tools / techniques of activity definition process
Answer: B
Question 755
Which of the following describes a hierarchically organized representation of identified project risks arranged by risk categories?
A. RBS
B. BOM
C. OBS
D. WBS
Answer: A
Question 756
Activity attributes identify multiple attributes associated with each schedule activity is an output of the activity definition process. All of the following are considered activity attributes EXCEPT: A. Activity identifier, activity codes
B. Leads and lags, resource requirements, imposed dates C. Predecessor activities, successor activities, logical relationships D. Activity description, constraints and assumptions
E. Schedule milestones
Answer: E
Question 757
One of your friends is a project manager at a computer security company. She is currently managing a project for the development of a NAC (network admissions control) appliance that uses the network infrastructure to enforce security policy compliance on all devices seeking to access network computing resources, thereby limiting damage from emerging security threats.
Her project team has just completed the initial project budget identifies the communications requirements, and defined the work packages. Which of the following would you recommend as the NEXT
BEST action to perform?
A. Obtain acceptance of project deliverables
B. Execute work defined in the project management plan C. Monitor performance of work packages
D. Determine the quality standards
E. Perform risk identification
Answer: D
Question 758
You are using the three-point estimating technique to estimate the duration of a schedule activity. You are given the following data:
[Pessimistic=100days] | [optimistic=40days] | [most likely=65 days]
Which of the following statements are true?
A. The beta distribution gives a more pessimistic and more conservative value for the mean compared to the triangular distribution
B. Although the triangular distribution gives a more pessimistic value for the mean, it gives an estimate with smaller uncertainty compared to the beta distribution
C. The triangular distribution gives a more optimistic and more aggressive value for the duration mean compared to the beta distribution.
D. The beat distribution gives an estimate with smaller uncertainty compared to the triangular distribution
Answer: D
Question 759
You are in the process of defining how to plan and execute the risk management activities for your project. Which of the following statements are FALSE?
A. The output of this process is the risk management plan B. The tools/ techniques of this process are checklist analysis and diagramming techniques
C. The inputs to this process include the project scope statement and project management
D. You are in the risk management planning process
Answer: B
Question 760
Which of the following statements is MOST true regarding Activity A, considering the following table?
A. Activity A has a lead
B. Activity A is behind schedule
C. Activity A is on the critical path
D. Activity A has a lag
E. Activity A is not on the critical path
Answer: E
Question 761
Subnetwork are a term used in reference with which of the following?
A. Resource requirement
B. Activity lists
C. WBS
D. Network templates
Answer: D
Question 762
You are taking over a project from another project manger during the project planning process. You’ve identified that your project team has already created the WBS, developed estimates for work packages, and sequenced the project activities using the arrow diagramming method.
In addition, your team has applied schedule network analysis techniques to create the project schedule. Which action should be performed NEXT?
A. Obtain acceptance of completed project scope
B. Decompose the work packages into smaller components called schedule activities
C. Develop activity resource requirements
D. Obtain approval of schedule
E. Initiate schedule change control
Answer: D
Question 763
Which of the following statement are FALSE regarding the probability impact matrix technique?
A. The probability impact matrix specifies combinations of probability and impact that rank the risk as high, moderate and low priority
B. Either descriptive terms or numeric rankings can be used to assign risk rankings to identified risks.
C. In the probability impact matrix the probability and impacts of each risks are accessed against defined scale, and plotted on a two-dimensional grid.
D. Opportunities and threats should not be evaluated in the same matrix concurrently.
E. An organization can rate a risk separately for each objective (i.e.
cost, time, scope)
Answer: D
Question 764
Which of the following are not used to create the scope baseline for a project?
A. WBS dictionary
B. WBS
C. Performance reports
D. Detailed project scope statement
Answer: C
Question 765
The risk management plan is a subset of the project management plan and describes how risk management should be performed. All of the following should be included in the risk management plan EXCEPT: A. P-l matrix
B. Budgeting, timing, risk categories
C. Risk register
D. Methodology, roles and responsibilities
E. Stakeholders tolerance, reporting formats
Answer: C
Question 766
You are a project manager for a company that publishes children books. Five years ago, your company purchased a sophisticated printing press capable of high-volume production. The company originally purchased the printing press for $500,000.
However, printing press’s current book value is $200,000. The $200,000 book value is best considered a:
A. Direct cost
B. Indirect cost
C. Fixed cost
D. Sunk cost
E. Variable cost
Answer: D
Question 767
You are currently on a 3-week vocation in Australia. You’ve decided to rent a car as your means of transport around the country. Driving in a foreign country can be potentially a risky activity as you are unfamiliar with the terrain. Hence, the probability of being involved in an accident is higher. You are very concerned with regards to the financial liability incurred if you were involved in an accident.
As a project manager, you are aware of various techniques used to respond to understand risks. You would like to apply your risk management knowledge to reduce the risks associated with your driving. Which of the following is the BEST example of risk transference?
A. Be extra careful while driving defensively
B. Avoid driving, use public transportation instead
C. Accept the risk associated with driving
D. Buying auto insurance
Answer: D
Question 768
With respect to risk management planning, timing defines how often risk management processes should be performed throughout the project lifecycle. Which of the following is the key factor affecting timings?
A. Timing should be determined by the criticality of the project B. Timing should allow the results to be developed early enough to affect decisions
C. Timing should be determined by the budget and cost of project D. Timing should be determined by the size of project E. Timing should be determined by the organization’s risk management policies
Answer: B
Question 769
Qualitative risk analysis requires accurate data as its input. Risk data quality assessment ranking is a technique to evaluate the degree to which the data regarding risks would be careful. Risk quality data assessment involves examining all of the following EXCEPT: A. Reliability and integrity of data
B. Probability of the risks
C. Extent of understanding of risk
D. Data available about the risk
E. Quality of eh data
Answer: B
Question 770
Which of the following statements regarding Resource Breakdown structure are true EXCEPT:
A. The RBS is a structure that relates the organizational breakdown structure to WBS to ensure that each work component is properly assigned to a responsible person/ team.
B. The RBS is a hierarchical structure of the identified resources by resource category and type
C. The RBS can contain other resource categories other than human resources.
D. The RBS is useful in tracking project costs, and can be integrated with the organization’s accounting system
E. The RBS is an output of the Activity Resource Estimation process Answer: A
Question 771
Which of the following is the MOST likely candidate for a three-point estimate?
A. A schedule activity with a fixed duration
B. A schedule activity with a considerable variation
C. A well-understand schedule activity with little expected variation D. A brief schedule activity that takes a couple of hours Answer: B
Question 772
All of the following statements regarding Control Accounts are true EXCEPT:
A. A control account is an assigned WBS level used to monitor cost and schedule performance of significant element of work.
B. Control accounts are also referred to as cost accounts C. None of the choices are correct
D. A control account is a management control point for cost summarization, scope description, and variance analysis and reporting.
E. Each work package/ planning package may be associated with only one control account
Answer: C
Question 773
Which of the following describes the longest path through a project schedule network after resource leveling?
A. Critical chain
B. Late finish
C. None of the choices are correct
D. Critical path
E. Late start
Answer: A
Question 774
You are the project manager for an information technology division of a large financial services firm in the United States. Your company offers a web based trading platform that provides options and futures trading for U.S commodities markets. Due to the rise in popularity of futures and options trading, your company has grown rapidly.
To keep up with the demands you have been assigned with the responsibility of upgrading company’s network and computing infrastructure. You have given the project charter progressively elaborated the requirements, and have just completed the Scope Definition and Create WBS processes. However while you are in the activity duration process you realized that certain deliverables are missing from the scope definition and create WBS processes. What is your next plan of action?
A. Include the deliverable as part of activity definition project B. Review the WBS to include the missing deliverables, and define the relevant appropriate activities
C. Consult the scope management plan to determine how to revise the project scope to include this deliverable
D. Consult your supervisor as to whether to include this deliverable as part of the project
Answer: B
Question 775
Which of the following are not tools/ techniques of the activity definition process?
A. Expert judgment
B. Rolling wave planning
C. ADM, PDM
D. Decomposition, templates
E. Planning components
Answer: C