Module 1 3v2
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Transcript of Module 1 3v2
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Practice Questions
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Module -1
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Question 1
You are a project manager for an information technology division of a large
health care provider in the United States. Due to the new regulatory
requirements enacted by HIPAA to ensure the privacy of confidential medical
records, you have been assigned to audit all I.T. systems to ensure
compliance.
You need to ensure that all data stored in the database is encrypted to ensure
confidentiality. You need to ensure that all users are properly authenticated.
You also need to verify that authorization to confidential information follows
the least-privilege principle.
The deadline to ensure compliance with HIPAA regulations is within 120 days.
Failing to complete the project within 120 days will result in significant fines
to your organization. You have been given a budget of $500,000 dollars. Due
to the overall budget cuts this year, you have been told that the budget is
fixed and cannot be increased.
Contd.
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Which of the following statement is true?
(A) This project came about due to legal requirements, and the primary
constraint is the budget
(B) This project came about due to legal requirements, and the primary
constraint is schedule
(C) This project came about due to risk mitigation, and the primary
constraint is schedule
(D) This project came about due to risk mitigation, and the primary
constraint is budget
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According to the PMI, which of the following is NOT true
with regards to programs and projects?
(A) Programs may involve a series of repetitive undertakings
(B) Projects consists of one or more related programs
(C) Programs are group of projects managed together
(D) Programs often include elements of ongoing operations
Question 2
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You are the project manager at a large construction company. Your company
is under a Time and Materials contract to build a new shopping center. The
estimated cost of the project is $5,000,000. The project sponsor has approved
this amount.
However, your earned value calculations indicate that the project will be
completed on time and under budget by $500,000. Based on this calculation,
your personal profit will decrease by $10,000. Given the estimated decrease in
personal profit, what action should you take?
(A) Continue to bill the customer for the full $5,000,000 as originally
estimated
(B) Suggest to the project sponsor that additional features should be
added in order to leverage the entire budget
(C) Pad additional tasks to the project to increase the actual project cost.
(D) Communicate the projected financial outcome to the project sponsor.
Question 3
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You are the project manager for a large childrens toys manufacturer. You have been
asked to manufacture the latest craze in Dancing Widgets for the upcoming Christmas
season. Youve been informed that the company needs at least one month lead time to
distribute the widgets in order to have the widgets on retailers shelves for the Christmas
Season.
Hence, based on the current sales forecast, youve been asked to deliver 100,000 units
by November 1st at the latest. Since the toys will be used by young children, the
Dancing Widgets must be manufactured to meet very specific safety specifications.
Your company derives 90% of its revenue from sales generated during the Christmas
holiday season. As a result, youve been given a budget of $ 15 million dollars to
complete this project. Which of the following is the primary constraint for this project ?
Risks, since the widgets must be manufactured to meet very specific safety
specifications.
Time, since the delivery date cannot be changed.
Scope, since the forecast for 100,000 units may change once manufacturing begins.
Cost, since your budget has been fixed at $ 15 million.
Question 4
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Projects are typically authorized as a result of one or more
of the following needs:
Social Needs
Legal requirements
Technological advance
All of the above choices are correct
Question 5
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Module -2
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You are the project manager within a strong matrix organization. Your
current project involves coordination amongst engineering, marketing,
and manufacturing teams. The project has a very aggressive timeline and
several technical obstacles that need to be resolved. The first phase of
your project has ended. What should you perform BEFORE starting the
next phase of your project?
(A) verify phase objectives have been satisfied and formally accept
deliverables
(B) identify the risks that may occur in the next project phase
(C) compare the project?s progress against its baselines
(D) verify the availability of resources for the next phase.
Question 1
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Which of the following statements is true ?
Project Managers have a moderate to high level of authority in a functional
organization.
In a weak matrix organization, conflicts between functional managers and
project managers are uncommon.
Project managers have low to moderate level of authority in a Balanced
Matrix organization.
In a functional organization, conflicts between functional managers and
project managers are uncommon.
Question 2
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One of your friends is a project manager at a natural gas energy company. He
is managing a project for the construction and operation of pipeline facilities at
U.S. points of entry for the import or export of natural gas. The company had
performed a similar project a couple years ago.
This is a critical project for the company and he is under tremendous pressure
to deliver the project.Unfortunately, he is new to the company and the project
is growing in size every day. He is starting to feel overwhelmed by the project.
What is his BEST course of action?
(A) Ask the previous project manager for assistance
(B) Obtain the historical records and guidance from the PMO
(C) Ask for additional resources from his supervisor
(D) Determine stakeholder expectations and manage their influence
Question 3
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You are currently the project manager at a bio-tech company, developing a
drug for the treatment of malignant melanoma. As part of the feasibility study,
your team has been evaluating the feasibility of such a drug using computer
simulation.
Your team has just completed one of the project phases by designing a
potential chemical compound using a sophisticated computer model. You
would like to have the model reviewed prior to deciding whether to move to
the next phase of the project. According to the PMI, these types of reviews are
called:
(A) Phase exits
(B) Target Goals
(C) Deliverables
(D) Milestones
Question 4
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You have been recently hired to be a project manager at a software
company to develop the next generation anti-virus software program.
This project requires significant coordination across multiple
departments, from Engineering to QA to Manufacturing. You are
concerned whether you'll have enough influence and authority to
manage the project priorities across these various departments. What
should you do in this situation?
(A) Enhance the project charter to officially grant you the authority you
need to manage these separate departments
(B) Focus on improving your assertiveness in order to influence the other
departments
(C) Negotiate with Senior Executives to obtain necessary levels of
authority across the departments
(D) Evaluate the organizational structure to understand your level of
authority in managing the projects
Question 5
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Module -3
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Which of the following Knowledge Area has at least one process in the
Executing process group?
(A) Project Time Management
(B) Project Risk Management
(C) Project Procurement Management
(D) Project Scope Management
Question 1
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In which of the following project management process group are the
high level project schedule constraints determined?
(A) Planning
(B) Executing
(C) Monitoring and Controlling
(D) Initiating
Question 2
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You are the project manager at SpaceBook Inc, a rapidly growing
social networking site. Due to the rapid growth of the site, the
company is upgrading its network and systems infrastructure to handle
the increased web traffic volume. Your team members are debating
whether to perform the network upgrades themselves or to outsource
the work to an outside vendor. Which Project Management Process are
you currently in?
(A) Administer Procurements
(B) Plan Procurements
(C) Conduct Procurements
(D) Plan Risk Management
Question 3
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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) Develop Human Resource Plan
(C) Direct and Manage Project Execution
(D) Perform Integrated Change Control
Question 4
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One of your friends is a project manager at a computer security
company. Her current project is fairly complex, requiring coordination
across 5 different functional departments, including marketing,
manufacturing, engineering, I.T., and security.
During the current project status meeting, stakeholders from each of
the different functional departments attended. However, the status
meeting is chaotic with everyone talking at the same time and various
topics being brought up at random. Which of the following would be
MOST helpful in this situation ?
(A) Schedule the meeting in advance
(B) Review the communications management plan and update as needed
(C) Limit the number of people attending the meeting
(D) Publish an agenda and a set of rules for the meeting
Question 5