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Transcript of Welcome This is a power point Test Prep. Each Question has one correct answer.
Welcome
This is a power point Test Prep.
Each Question has one correct answer
Which of the following is NOT a Project Cost Management process?
Cost Estimating
Cost Control
Cost Budgeting
Resource Leveling ☺
Which of the following processes are included in the planning process?
Scope Definition, Project Plan Development, Quality Assurance, Cost Estimating
Scope Planning, Staff Acquisition, Stakeholder Identification, and Cost Estimating
Project Closure, Cost Estimating, Risk Management, Schedule Development, and Team Development
Scope Planning, Schedule Development, Project Plan Development, Risk Response Development ☺
A goal of portfolio management is:
Manage content of the project
Timely exclusion of projects not meeting the portfolio’s strategic objectives ☺
Leveling heuristics across the organization’s projects
Project cost leveling
Project Integration Management ensures:
The project is completed within schedule and budget
The proper scope has been identified for the project
All elements of the project are properly coordinated ☺
The project will satisfy all the stakeholders
Determining the method and timing of releasing team members, benefits both the project and: Best answer
Team Sponsor
Project Leader
Team Members ☺
Departing Team Member
Formal acceptance is an output of which of the following processes?
Scope definition
Scope planning
Scope verification ☺
Scope change control
Gantt charts help determine?
A task’s starting and stopping point ☺
Accountability matrix
Decomposition
Amount of effort it takes to complete a task
Providing for reimbursement of allowable costs, plus a fixed fee paid proportionately as the contract progresses is defined as:
Cost Plus Percentage of Cost (CPPC)
Cost Plus Fixed Fee (CPFF) ☺
Contract Evaluation
Cost Plus Incentive Fee (CPIF)
Which of the following response is not a Strategy for Both Threats and Opportunity Acceptance?
Can be either passive or active
May be adopted for either threats or opportunities
A strategy that is adopted because it is seldom possible to eliminate all risk from
Project scope statement ☺
A ____ is a structured, independent review to determine whether project activities comply with organizational policies and procedures.
Quality Audit ☺
Quality Metrics
Quality Analysis
Quality Planning
Constraints that can limit flexibility in the Human Resources Planning process are all of the following, except:
Organizational Structure
Resource Availability ☺
Economic Conditions
Collective Bargaining Agreements
Who should contribute to the development of the project plan?
The entire project team ☺
The project coordinator
The planning department
The senior management
A lump-sum contract under which the seller furnishes goods or services at a fixed price is:
Cost Plus Incentive Fee (CPIF)
Contract Initiation
Firm Fixed Price (FFP) ☺
Fixed Price Incentive Fee (FPIF)
Cost _____ is a time-phased budget that is used to measure, monitor and control overall cost performance on the project.
Baseline ☺
Aggregation
Performance
Management
Of the following, which is not true about bottom-up estimating?
Its accuracy increases if the activities are smaller
The WBS must be accurate and complete before this process can be used
It is not a useful methodology in the early phases using project planning processes
The cost is largely independent of the desired accuracy, so it is the methodology of choice ☺
What is a PMIS?
Performance Measurement Independent System
Project Matrix Informal System
Project Management Information System ☺
Project Management Inter-related system
Policies and procedures that protect team members from safety hazards are included in the staff management plan and:
Organizational Chart
Resource Breakdown Structure
Risk Register ☺
Position Descriptions
Which of the following is not a use of the Work Breakdown Structure?
Configuration Management
Focusing attention on the project objectives ☺
Funding
Integrated logistic support
Why should constructive changes be uniquely identified and documented by project correspondence?
Changes may be disputed by one party and lead to a claim against the other party ☺
Changes can include direction provided by the buyer
Changes should never be documented
Changes are processed for review and approval through Integrated Change Control process
_____ are factors that can limit the project management team’s options.
Logistics
Methodologies
Constraints ☺
Assumptions
Which of the terms below is not a stage of contract negotiation?
Closure
Weighting system ☺
Probing
Scratch bargaining
What is the responsibility of the sender in the communications process? Best Answer
Ensuring the right person gets the right information
Making sure that the information is received in its entirety and understood correctly
Making the information clear and complete so the receiver can receive it correctly and confirming that it is properly understood ☺
Manage stakeholder requirements
The degree to which a set of inherent characteristics fulfills requirements is know as:
Quality ☺
Grade
Performance
Scope
An output of Risk Identification is:
Plan for mitigation
Corrective actions
A risk register ☺
Expected monetary value of the risk events
Which of the following is not a scenario considered in a Three-point estimate?
Optimistic
Most likely
Analogous ☺
Pessimistic
The Resource Breakdown Structure (RBS) is a _____ of identified resources by resource category and resource type.
Activity Attribute
Requested Change
Activity Resource Requirement
Hierarchical Structure ☺
A statistical method that may identify factors which influence specific variables of a product or process under development or in production is known as:
Cost-Benefit Analysis
Benchmarking
Design of Experiments ☺
Cost of Quality
What are the five processes of project management?
Initiating, Planning, Executing, Controlling, Closing ☺
Concept, Planning, Development, Execution, Termination
Planning, Verifying, Development, Controlling, Termination
Initiating, Planning, Facilitating, Executing, Closing
A bar chart illustrating the number of hours that a person is needed each week or month over the course of the project is called?
Gantt Chart
Staffing Management Plan
Histogram ☺
Responsibility Assignment Matrix
Activities such as measuring, examining and verifying describe which of the following?
Flow chart legend
Project risk management
Activity duration estimating
Inspection ☺
Which of the following is not an advantage of centralized contracting?
More economical
Easier to control overall contracting efforts
Less attention to the special needs of individual projects ☺
Orders can be consolidated across several projects
What is Activity Resource Estimating?
Estimating the type and quantities of resources required to perform each scheduled activity ☺
Controlling changes to the project schedule Analyzing activity sequences, durations,
resource requirements, and schedule constraints to create the project schedule
Identifying and documenting dependencies among scheduled activities
A _____ is a component that does not meet its requirements or specifications, and needs to be repaired or replaced.
Corrective Action
Preventive Action
Defect ☺
Change
Changes to the Information Distribution process should trigger changes to project management plan and the _____ management plan.
Human Resources
Quality
Communications ☺
Risk
Cost budgeting is the process of allocating:
The project budget to the various identified work activities in order to establish a basis for the project contingency reserve
The overall cost estimate to individual work activities to establish the basis for the project contingency reserve
The overall cost estimate to individual work activities to establish a cost baseline for measuring project performance ☺
The project budget to the various identified work activities in order to establish a basis for the project estimate
Which of the following is not true concerning project stakeholders? Best answer
They may actively support the project ☺
They may exert influence over the projects objectives and outcomes
They are actively involved in the project
Their interest may be affected by the projects execution or completions
Which Human Resources Management process addresses coordinating change?
Human Resource Planning
Acquire Project Team
Manage Project Team ☺
Develop Project Team
A numbering system used to uniquely identify each component of the work breakdown structure is the:
Project Code
Chart of Accounts
Error Code
Code of Accounts ☺
Of the following, which is not a theme or issue within Project Procurement Management?
Delphi Technique ☺
Contract Administration
Procurement Planning
Solicitation Planning
Which involves choosing part of a population of interest for inspection?
Pareto Chart
Run Chart
Scatter Diagram
Statistical Sampling ☺
Which of the following is not a tools and techniques of Information Delivery?
Communication skills
Requested changes ☺
Information distribution method
Lessons learned process
Parametric estimating is most reliable when all of the following occur except:
The model works for large projects as well as small projects
The historical data used to develop the model is accurate
Estimates are predictions of conditions in the project’s future are forecasted ☺
The parameters of the project life cycle are readily quantifiable
What defines when and how often the risk management process will be performed throughout the project life cycle, and establishes risk management activities to be included in the project schedule?
Risk Management
Budgeting
Timing ☺
Definitions of risk probability and impact
Overall project duration is calculated as an output of the _____.
Schedule Development Process ☺
Activity Cost Estimates
Organizational Process
Enterprise Environmental Factors
The Project Quality Management process includes all of the following except:
Quality Planning
Quality Assurance
Quality Control
Quality Variance ☺
What is Information Distribution?
Collecting and distributing performance information
Making needed information available to project stakeholders in a timely manner ☺
Determining the information and communications needs of the project stakeholder
Managing communications to satisfy the requirements of and resolve issues with project stakeholders
Cost _____ are generally expressed in units of currency.
Budgets
Variances
Estimates ☺
Controls
To have a successful project, the team must do all of the following except:
Select process within the Project Management Process Groups which require meeting the project objectives
Apply the processes of the Project Management Process Group which requires meeting the project objectives ☺
Balance time, scope, cost, quality, resources Meet stakeholder needs, wants and
expectations
Matrix-based charts are used to illustrate the connections between work that needs done and:
Stakeholders
Work Breakdown Structure
Responsibilities
Team Members ☺
The sum of the products, services, and results to be provided as a project is:
Planned Value
The Scope ☺
S-Curve
Schedule Variance
Which of the terms is generally used when the seller’s selection decision will be based on price (as when buying commercial or standard items):
Technical Approach
Proposal
Tender ☺
Technical Skills
Identification, response development, assessment and documentation are major processes of risk management. Which of the responses listed below is not a major process?
The project’s change control system ☺
Planning, Identification, Documentation, and Assessment
Identification, Planning, Evaluation, Response Development, Mitigation, and Documentation
Planning, Identification, Qualitative Analysis, Response Planning, and Monitoring and Control
A thorough review of the _____ will help identify potential project risks.
Project’s mission statement
Project’s budget
Project’s change control system
Risk identification checklists ☺
Resource calendars are known inputs under which two time management processes?
Activity Sequencing and Scheduled Development
Activity Duration Estimating and Scheduled Development ☺
Activity Resource Estimating and Scheduled Development
Activity Sequencing and Scheduled Development
Process Analysis examines all of the following except:
Problems Experienced
Constraints Experienced
Work Performance ☺
Non-Value-Added Activities
A specific type of histogram, ordered by frequency of occurrence, which shows the number of defects generated by category or identified cause is known as a:
Flowchart
Scatter Diagram
Pareto Chart ☺
Run Chart
Which of the following is not an input of Communication Planning?
Project management plan
Communications management plan ☺
Project scope statement
Enterprise environmental factors
_____ information on the completion status of the deliverables and what has been accomplished is collected as part of the project execution, and is fed in the Performance Reporting process.
Performance measurement
Change request
Work performance ☺
Quality control
Cost variance is computed as:
Actual cost – planned value
Planned value – actual cost
Actual cost – earned value
Earned value – actual cost ☺
Identifying relevant quality standards and how to address them should occur in which phase?
Planning process phase ☺
Quality control phase
Risk phase
Project Life Cycle phase
Identifying relevant quality standards and how to address them should occur in which phase?
Planning process phase ☺
Quality control phase
Risk phase
Project Life Cycle phase
The Staffing Management Plan is an output of which Human Resource Management process?
Develop Project Team
Acquire Project Team
Human Resource Planning ☺
Manage Project Team
Scope Definition involves:
Developing a scope management plan
Developing a detailed project scope statement as the basis for future decisions on the project ☺
Controlling the project scope
Formalizing acceptance of the project deliverables
Indirect costs are:
Also known as risk management (contingency) cost
Cost not arising out of the performance of work on the project ☺
Project costs that were not specifically accounted for in the project budget
Costs other than the salary of project team members such as sick and vacation leave
A project is:
An ongoing activity undertaken to meet a market requirement
A set of activities preformed in a system
A temporary activity to create a unique product result or service ☺
Linked by the results they produce
The following formats exist to document team member roles and responsibilities, except:
Text Oriented Format
Matrix Responsibility Chart
Hierarchical-type Organization Chart
Work Breakdown Structure ☺
Scope Definition involves:
Developing a detailed project scope statement as the basis for future decisions on the project ☺
Controlling the project scope
Formalizing acceptance of the project deliverables
Developing a scope management plan
Enterprise environmental factors are one input of plan, purchases and acquisitions. Which of the following is not an input?
Project Time Management ☺
WBS Dictionary
Project Scope Statement
Organizational Process Assets
Which of the following is not true about risk identification?
It is an interactive process
It determines which risks might affect the project and documents their characteristics
It describes the content and format of the risk register ☺
All project personnel should be encouraged to identify risks
Which of the following is a risk monitoring and control tool and technique?
Exploit
Risk Register
Prioritized list of quantified risks
Reserve Analysis ☺
Project Time Management includes the processes required to:
Control changes to the project schedule
Accomplish the timely completion of the project ☺
Estimate the number of work periods
Schedule Activities
Monitoring specific project results to determine relevance to quality standards is known as:
Quality Variance
Quality Assurance
Quality Control ☺
Quality Planning
Which is not part of the Project Communications Management process?
Cost of Quality ☺
Information Distribution
Performance Reporting
Manage Stakeholders
Influencing the factors that create cost variances and control changes to the project budget is defined as:
Cost Budgeting
Cost Benefit
Cost Control ☺
Cost Variance
Of the following, which is not related to cost recognition?
The point in time when costs are charged to the project
The allocation of contractor earned bonuses to project costs
The way in which performance incentives are integrated into project costs
The point in time when costs are budgeted to the various activities ☺
What is the use and purpose of project planning methodology?
Maximize the value of the project phases
Any structured approach to help prepare the project plan ☺
Project phases within a project cycle
Implementation of and inclusion of the portfolio
What are the two major types of evaluation?
Change process and status reports
Work satisfaction and midpoint evaluation
Midproject and final evaluation ☺
Customer satisfaction and survey
A subset of the project team responsible for activities such as planning, controlling, and closing is known as:
Stakeholders
Staffing Management Team
Sponsor(s)
Project Management Team ☺
The _____ shows the time periods that team members are expected to work on the project, along with information such as training plans, certification requirements, and compliance issues.
Project Management Plan
Staffing Management Plan ☺
Resource Histogram
Gantt Chart
Which of the following are outputs of the Scope Change Control process?
Corrective action and schedule updates
Scope changes and formal acceptance
Scope changes, corrective action, and lessons learned ☺
Lessons learned and scope definition
Milestone charts primarily are used to:
Show significant events in the project ☺
Show the start and stop of a task
Show the critical path
Demonstrate constraints
What is the primary concern of a procurement audit?
Maintaining the project
A numbering system
Work Breakdown Structure
Identifying successes and failures that warrant recognition ☺
Which of the following is a constructive change?
Viewing as negative, quantified and tabulated
Postponing as long as possible to protect the budget
Identifying and documenting project correspondence ☺
Submitting bids to relevant vendor list
The Delphi Technique is a way to reach consensus. Which of the statements listed below is a characteristic of the Delphi Technique?
Does not help to reduce bias in the data
Project risk experts participate anonymously ☺
Consensus may be reached in many rounds of this process
Ensures that one person may have a greater influence on the outcome
Constructing a project schedule network diagram that uses nodes to represent activities and connect them with arrows that show dependencies is known as:
Gantt Chart
Arrow Diagramming Method
Precedence Diagramming Method ☺
Work Breakdown Structure
The project management team determines the dependencies that may require a _____ to accurately define the logical relationship.
Mandatory or External
Discretionary or External
Discretionary or Mandatory
Lead or Lag ☺
Of the following, which is not a benefit of meeting quality requirements?
Increased Costs ☺
High Productivity
Increased Stakeholder Satisfaction
Less Rework
The quality _____ records the quality objectives of the project.
Checklists
Metrics
Measurements
Baseline ☺
A flowchart is a graphical representation of a process which shows:
Various factors linked to potential problems
Activities, decision points and the order of processing ☺
Predictable performance
Whether a process is stable
Which of the following is not an output of Performance Reporting?
Resolved Issues ☺
Performance Reports
Forecasts
Requested Changes
All of the following resources are included in activity cost estimating, except:
Information Technology
Time Shortages ☺
Facilities
Materials
The cost management plan:
Is a formal document integrated into the overall project management plan
Should be highly detailed and describe how all cost variances are to be managed
May be omitted if the integrated change management plan is sufficiently detailed ☺
Is a tool that is used to adjust cost estimated to reflect the realities of the project budget
Communication skills are related to, but are not the same as _____.
Information distribution
Communication planning
Project management communications ☺
Performance reporting
Which of the following is not an input to cost budgeting?
Project Schedule
Risk Management Plan
Cost Variances ☺
Work Breakdown Structure
In estimating the total of material resources required for a project, you must first estimate the amount of waste to be expected. You will most likely find this information in which process?
Supporting detail
Parametric modeling
Resource requirements
Historical information ☺
The set of processes required to ensure the various elements of the project that are coordinated are called:
Project Charter Management
Project Quality Control Management
Project Integration Management ☺
Project Communications Management
Organization recognition dinners, certificates of appreciation, newsletters, bulletin boards, Web sites, and other organizational perquisites should be available to the _____ as part of the process.
Staffing Management Team
Sponsor (s)
Project Management Team ☺
Stakeholders
If project team members do not possess required competencies, performance can be jeopardized. When should competencies first be addressed? Best answer
When Acquiring Project Team
When defining Roles and Responsibilities ☺
In the Project Management Plan
In the Staffing Management Plan
What ensures that all work within the project is identified and defined within a common framework?
Project Plan
Risk Analysis
Work Breakdown Structure ☺
Cost/Benefit Analysis
Make-or-Buy Analysis should consider which of the following?
Foreign Currency Exchange
EV minus PV
Project team directory
Direct and Indirect costs of a prospective procurement ☺
Congratulations Q&A Completed
In the pursuit of learning, every day something is acquired.
Lao Tzu