TEST1 NEW

Question No : 1 Which of the following is NOT a characteristic of a project? Choice 1 Constrained by limited resources Choice 2 Planned, executed, and controlled Choice 3 Creates a unique product or service Choice 4 Ongoing and repetitive Question No : 2 In which document will you find the code of account identifier, description of work, responsible organization, and list of schedule milestones? Choice 1 WBS Choice 2 WBS Dictionary Choice 3 PERT/CPM Charts Choice 4 Roles and Responsibilities Matrix Question No : 3 All the following statements relating to the project management team and the project team are accurate EXCEPT: Choice 1 The project management team is also called the core, executive, or leadership team. Choice 2 The project team is responsible for activities like planning, controlling, and closing. Choice 3 The project management team is a subset of the project team. Choice 4 For small projects, the project management responsibilities are shared by the entire team or administered solely by the project manager. Question No : 4 You are considering whether to buy or make a software product. If you want to buy, the cost is $ 80,000, and the cost of procuring and integrating the product in your company is $ 1,000. If you want to build it yourself, the product will require seven engineers working for three months. The salary of each software engineer is $ 4,000 per month. The other related miscellaneous costs budget allocated to the project is $ 2,000. Which option will you choose? Choice 1 Buy Choice 2 Build Choice 3 Neither build nor buy Choice 4 Need more information on suppliers to take a decision Question No : 5 When referring to inputs for Develop Schedule process, responsibility (i.e., who will perform the work), activity type (i.e., summary or detailed), and WBS classification are : Choice 1 Constraints Choice 2 Activity attributes Choice 3 Resource pool description Choice 4 Activity duration estimates Question No : 6 In the context of a desirable model of communication between a sender and a receiver, all the following statements are correct EXCEPT: Choice 1 Noise should be minimized. Choice 2 Receiver must decode and reply to the message. Choice 3 Receiver should acknowledge and agree with the message sent by the sender. Choice 4 Receiver should send a feedback message to the sender. Question No : 7 You are the project manager of a sewage treatment plant. The government has mandated that you ensure that the neighborhood is not adversely impacted by your project plant. For your project, this directive is regarded as a/an: Choice 1 Assumption Choice 2 Ethical practice Choice 3 Constraint Choice 4 Deliverable Question No : 8 In your project, you are estimating schedule activity costs by determining the unit cost rates, e.g., staff costs per hour. All the following could be used to determine resource cost rates EXCEPT: Choice 1 Statistical relationship between historical data and other variables Choice 2 Gathering quotes Choice 3 Standard rates with escalation factors (for contracts) Choice 4 Commercial databases or seller published price lists Question No : 9 In your project, you are performing the Monitor and Control Risks process. So, you are always on the lookout for indications that a risk has occurred or is about to occur. These indications can also be referred to as: Choice 1 Triggers Choice 2 Warning signs Choice 3 Risk symptoms Choice 4 Triggers, warning signs and risk symptoms Question No : 10 Stakeholders, including consultants, customers, sponsors, and professional and technical associations, are some of the sources of: Choice 1 Enterprise environmental factors Choice 2 Organizational process assets Choice 3 Expert judgment Choice 4 Risk monitoring and control Question No : 11 You are the project manager responsible for manufacturing a particular variety of soap. You decide to do a statistical sampling for this project, because surveying the entire population involves all the following problems EXCEPT: Choice 1 Inaccurate data Choice 2 Very expensive Choice 3 Longer time Choice 4 More resources Question No : 12 In your organization, all big technical projects go through Initiate, Analyze, Design, Implement, Test, and Closeout. In this context, a project life cycle: Choice 1 Defines the product life cycle Choice 2 Defines the project phases Choice 3 Contains several product life cycles Choice 4 Has deliverables that must be completed before work starts on the next phase Question No : 13 When you started creating a work breakdown structure for your project, you realized that it was too complicated to be done on a single piece of paper. You then started using a work breakdown structure numbering system to: Choice 1 Determine the complexity of the project Choice 2 Determine the level at which individual WBS elements are found Choice 3 Help in automating the WBS using appropriate software Choice 4 Present justification for the project Question No : 14 As a project manager, you advocate active participation of your team members; this is because you believe in: Choice 1 Theory Y (McGregor Model) Choice 2 Theory X (McGregor Model) Choice 3 Maslow`s hierarchy of needs Choice 4 Referent Power Question No : 15 Which of the following is the most widely used contract type? Choice 1 Cost plus incentive fee contracts Choice 2 Fixed price incentive fee contracts Choice 3 Cost plus award fee contracts Choice 4 Firm fixed price contracts Question No : 16 Please refer to the diagram given below (all units are in days): What is the project float if management wants to complete this project within 13 days? Choice 1 0 days Choice 2 - 3 days Choice 3 2 days Choice 4 Cannot be determined, because information given in the question is incomplete Question No : 17 In your project, you use issue logs or action item logs to document and monitor resolution of issues. You focus on documentation and timely resolution of issues, because unresolved issues can: Choice 1 Be escalated to the project sponsor Choice 2 Be a major source of conflict Choice 3 Become undetermined risks in the project Choice 4 Have adverse effect on all project parameters Question No : 18 Your project is nearing completion, when the customer requests you to include an additional feature in the project`s final product. The BEST course of action is to: Choice 1 Include the feature, as it will improve customer satisfaction Choice 2 Include the feature -- otherwise the product will not be accepted by the customer Choice 3 Talk with the customer and explain that the new feature does not make business sense Choice 4 Take the requirement through the change control process Question No : 19 In your project, you are using cost aggregation, expert judgment, and historical relationships to establish a cost performance baseline. This is performed during: Choice 1 Control Costs Choice 2 Determine Budget Choice 3 Estimate Costs Choice 4 Create WBS Question No : 20 Graphical representations of situations showing causal influences, time ordering of events, and other relationships among variables and outcomes are also referred to as: Choice 1 Cause-and-effect diagrams Choice 2 System flow charts Choice 3 Influence diagrams Choice 4 Simulation diagrams Question No : 21 You are a project manager. At the executing stage of the project, all the following statements are correct EXCEPT: Choice 1 Most of the project budget will be expended in project plan execution. Choice 2 The project manager and the team implement the planned methods and standards. Choice 3 The project manager will review all information from the current phase closures. Choice 4 The project manager and the team manage risks and implement risk response activities. Question No : 22 Determining and delivering the required levels of quality for the project is the responsibility of: Choice 1 Project sponsor Choice 2 Project manager/project management team Choice 3 Project team Choice 4 All stakeholders in the project Question No : 23 As a project manager, you realize that managing project stakeholder expectations is an important priority. Which statement on project stakeholders is NOT correct? Choice 1 Negative stakeholders must be ignored if the project has to be successfully completed. Choice 2 Stakeholders have varying levels of responsibility and authority when participating on a project and these can change over the course of the project life cycle. Choice 3 Some key stakeholders include project manager, operations management, project team, customers, and sponsor. Choice 4 Stakeholder expectations may be difficult to manage, because stakeholders often have very different or conflicting objectives. Question No : 24 In your project, you need to verify whether deliverables meet requirements and product acceptance criteria. For this purpose, which of the following would you rely on? Choice 1 Inspection Choice 2 Expert judgment Choice 3 Observations Choice 4 Focus groups Question No : 25 Two project team members disagree often on the best way to handle an issue. You ask them to look at the positives and negatives of their approaches and submit their recommendations, which could be a "middle path". Which of the following conflict resolution techniques have you used? Choice 1 Smoothing Choice 2 Compromising Choice 3 Confrontation Choice 4 Withdrawal Question No : 26 You had conducted an independent estimate to find out the cost of sub-contracting the manufacturing of 1,000,000 ball-bearings for your automobile company. You estimated the cost to be $ 500 per bearing. However, when you asked for bids and proposals from prospective sellers, the minimum price quoted was $ 750 per bearing. The reasons for the variance in the estimate could be all the following EXCEPT: Choice 1 The procurement statement of work was not clear. Choice 2 The prospective sellers misunderstood the procurement statement of work. Choice 3 The procurement statement of work was not sufficient. Choice 4 There have not been major changes in the cost of material and labor since last year Question No : 27 As a project manager, you are responsible for meeting the project schedule deadlines. If there is some delay in the project schedule, you should (choose the most appropriate answer): Choice 1 Increase the timeline for the project. Choice 2 Fast track or crash the project, and let the management know the impact of this action. Choice 3 Ask the resources to work overtime to meet the project deadlines. Choice 4 Change the project scope. Question No : 28 You have completed the Distribute Information process and are now in a position to make the required information available to the project stakeholders in a timely manner. Which of the following is NOT an output from Distribute Information process: Choice 1 Performance reports Choice 2 Project reports and presentations Choice 3 Stakeholder notifications Choice 4 Project records Question No : 29 One of your team members filed a critical report ten minutes before a bidder conference. You notice some serious errors have crept into the report. You should: Choice 1 Cancel the meeting and reschedule it at a later date Choice 2 Go ahead with the meeting and tell the participants what is wrong with the report Choice 3 Go ahead with the meeting, but ask your team member to make the presentation Choice 4 Refer the team member`s report to management and ask them to cancel the meeting Question No : 30 You are creating a cost performance baseline for your project. In this context, all the following statements related to cost performance baseline are correct EXCEPT: Choice 1 It is a time - phased budget. Choice 2 To measure disbursements, a spending plan can be used as a cost-baseline. Choice 3 It is used to measure, monitor, and control overall cost performance. Choice 4 In the earned value management technique it is also known as cost measurement baseline. Question No : 31 You are the project manager in an automobile manufacturing company. Machine parts required in your manufacturing process supplied by a vendor did not reach in time because of heavy rains. You had anticipated this risk and planned for it in your risk response plan. So, as per your risk response plan, you started using unutilized machine parts supplied one year ago. However, this has subjected your project to a new risk - the machine parts which were not used for one year suffer from higher level of defects. This new risk can also be called: Choice 1 Unidentifiable risks Choice 2 Unmanageable risks Choice 3 Secondary risks Choice 4 Residual risks Question No : 32 In your project, you are in the process of performing the work as defined in the project management plan to achieve the project`s objectives. This is done during: Choice 1 Direct and Manage Project Execution Choice 2 Develop Project Management Plan Choice 3 Monitor and Control Project Work Choice 4 Create Deliverables Question No : 33 You are managing the tools/spare parts section for an aircraft manufacturing company. Your team members have discovered some defective tools/spare parts. The probable cause for these could be materials used, defective measurement systems, inaccurate tolerances in the machines, or other factors. To determine what caused the defect, you will: Choice 1 Use a control chart Choice 2 Draw an Ishikawa diagram Choice 3 Create a flowchart Choice 4 Draw a Pareto chart Question No : 34 You have been managing a project to construct a flyover on Interstate 10. You have divided the project into phases to provide better management control. Which of the following is a characteristic of a project phase? Choice 1 Formal phase completion necessarily includes authorization for the subsequent phase. Choice 2 A project phase can be closed with a decision not to initiate the subsequent phase. Choice 3 A project phase should not be divided into sub-phases even in complex projects, because it will be difficult to manage. Choice 4 All deliverables in the project phase should correspond to the project management process. Question No : 35 An environmental remediation project has succeeded in reducing costs. This is achieved by implementing a change request for new technology that was not available when the scope was originally defined. The technology change that is adopted is a/an: Choice 1 Value adding change Choice 2 Error or omission in defining the scope of the project Choice 3 External event Choice 4 Contingency or workaround plan Question No : 36 According to Herzberg`s theory, all of the following are motivating factors EXCEPT: Choice 1 Recognition Choice 2 Responsibility Choice 3 Advancement in career Choice 4 Salary Question No : 37 In your new project, you have to provide a critical deliverable within five months and do not have time to go through the Conduct Procurements process. You decide to sign a contract with a supplier with whom your company has done some work in the past. The risk you are accepting in this situation is: Choice 1 The ability of the supplier to deliver the goods Choice 2 Collusion between the supplier and your team Choice 3 Lack of proper scope definition Choice 4 Lack of a legally binding agreement Question No : 38 You are in the process of performing Develop Schedule process to determine planned start and finish dates for project activities. Which of the following inputs will be helpful in this process? Choice 1 Activity attributes, project scope statement, and activity list Choice 2 Activity list, activity attributes, and schedule data Choice 3 Project calendar, requested changes, and schedule data Choice 4 Work performance information, schedule baseline, and performance reports Question No : 39 In your project, you are using Report Performance process to organize and summarize the information gathered. Later, you present the results of the analysis as a comparison to the performance measurement baseline. Some common formats for performance reports that you could use are: Choice 1 S-curves, histograms, Pareto diagrams Choice 2 S-curves, responsibility assignment matrices ,histograms Choice 3 Bar charts, S-curves, histograms Choice 4 Bar charts, control charts, histograms Question No : 40 You are managing a project in a foreign country, where you realize you will have to pay a fee to some government agencies to get your work done. You should: Choice 1 Pay the fee to the government agencies Choice 2 Refuse to pay the fee, because they are bribes and hence unethical Choice 3 Make a case why fees should be paid to government agencies, and present it to your management Choice 4 Offer gifts to the government officials instead of fee to get their support Question No : 41 In your project, there have been several changes in the cost and schedule estimates, and the original estimating assumptions are no longer valid. Calculate the estimate at completion (EAC) for your project based on the following data? BAC = $ 300,000 AC = $ 100,000 EV = $ 150,000 CPI = 1.2 ETC = $ 120,000 Choice 1 $ 250,000 Choice 2 $ 220,000 Choice 3 $ 280,000 Choice 4 $ 300,000 Question No : 42 In your project, you have been sub-contracting your IT development work to four consultancy firms. In this context, all the following statements relating to transferring of risk to a contractor are true EXCEPT: Choice 1 Risk transference nearly always involves payment of a risk premium. Choice 2 Fixed price contract always transfers the risk to the seller. Choice 3 Cost-plus contracts may transfer the cost risks to the buyer. Choice 4 Contracts may be used for the transference of liability for specified risks to another party. Question No : 43 Project integration management includes the processes and activities needed to identify, define, combine, unify, and coordinate the various processes and project management activities. For successful project integration management, you definitely need(select the best answer): Choice 1 A strong matrix organizational structure in your company Choice 2 A good communication management plan Choice 3 Good project selection techniques Choice 4 Positive stakeholders who support the project Question No : 44 The customer was not satisfied with the finished product`s quality. The cost of poor quality can also be referred to as: Choice 1 Cost of conformance Choice 2 Failure cost Choice 3 Rework cost Choice 4 Opportunity cost Question No : 45 You are working as a portfolio manager. You are responsible for managing which of the following? Choice 1 Project interdependencies Choice 2 Projects and programs Choice 3 Projects, programs, and operations Choice 4 Functional work and operations Question No : 46 As a project manager, you are responsible for managing changes to the project scope. If, at the end of the project, a customer wants a major change in the scope of work, you should: Choice 1 Reject the change Choice 2 Make the required change Choice 3 Escalate the matter to senior management Choice 4 Let the customer know about the impact of the change Question No : 47 In your project, you are in the process of developing the human resource plan. The enterprise environmental factors that cannot influence this process is: Choice 1 Lessons learned documentation Choice 2 Existing human resources Choice 3 Personnel administration policies Choice 4 Marketplace conditions Question No : 48 Your company has entered into a joint venture with another company, and you are in the process of finalizing a teaming agreement. In the teaming agreement, both the buyer and the seller collectively prepare: Choice 1 Source selection criteria Choice 2 Contract Choice 3 Procurement statement of work Choice 4 Contract, Procurement statement of work Question No : 49 In your project, you wish to identify and document the specific actions to be performed to produce the deliverables. This is done as part of: Choice 1 Define Activities Choice 2 Decomposition Choice 3 Define Scope Choice 4 Sequence Activities Question No : 50 In your project, you have conducted a communication requirements analysis to determine the total number of possible communication channels in the project. While conducting the analysis, you learn that the number of communication channels: Choice 1 Increases in direct proportion to the number of people Choice 2 Decreases in inverse proportion to the number of people Choice 3 Increases in exponential proportion when the number of people increases Choice 4 Depends on the type of project Question No : 51 As a project manager, achieving customer satisfaction is an important objective for you. Which of the following will help you in attaining your objective? Choice 1 Defining requirements Choice 2 Providing more features than what the customer has asked for Choice 3 Identifying project related risks Choice 4 Providing project justification Question No : 52 There are three projects: Project A has a payback period of 3 years and NPV of $ 300,000 Project B has a payback period of 2 years and NPV of $ 200,000 Project C has a payback period of 1 years and NPV of $ 100,000 Which project should be selected if NPV criterion is used? Choice 1 Project A Choice 2 Project B Choice 3 Project C Choice 4 Project A, B, or C can be selected, because all of them have equal value Question No : 53 You are in the Identify Risks process of your project where you determine which risks may affect the project and document their characteristics. Whom would you want to be a part of the Identify Risks process? Choice 1 The project manager, project team members, subject matter experts, and customers Choice 2 The risk management team, end users, and risk management experts Choice 3 All relevant stakeholders Choice 4 Positively impacted stakeholders Question No : 54 A change in your project schedule has resulted in increased cost and risk. It has also impacted your resource plan. To coordinate changes across the entire project, you will need to rely on which of the following: Choice 1 Change control system Choice 2 Perform Integrated Change Control Choice 3 Change requests Choice 4 Changes to project plan baselines Question No : 55 In a normal distribution, standard deviation refers to: Choice 1 Distance of measurement from the mean Choice 2 Distance of measurement from the most likely value Choice 3 Distance of measurement from the middle most value Choice 4 A tool that is used in qualitative risk analysis Question No : 56 Which of the following is not a Project Management Knowledge Area? Choice 1 Project Integration Management Choice 2 Project Procurement Management Choice 3 Project Configuration Management Choice 4 Project Communications Management Question No : 57 You are the project manager of a software company. You need ideas for project and product requirements. Which of the following techniques will you use? Choice 1 Delphi technique Choice 2 Idea/mind mapping Choice 3 Nominal group technique Choice 4 Brainstorming Question No : 58 In your project, you invest a lot of time in team development to increase the team`s performance, which in turn increases the likelihood of meeting project objectives. Which of the following indicators will you NOT use to evaluate your team`s effectiveness? Choice 1 Improvement in skills of team members Choice 2 Improvement in competencies and morale that help the team to perform better as a group Choice 3 Decrease in staff-attrition (i.e., fewer people leaving the project team) Choice 4 Delivery of project deliverables before time Question No : 59 Which of the following statements on time and material contracts is accurate? Choice 1 These types of contracts resemble cost-reimbursable type arrangements, because they are close ended. Choice 2 T&M contracts cannot grow in value like a cost-reimbursable contract. Choice 3 The full value of the agreement is defined at the time of contract award. Choice 4 Unit rates can be fixed by the buyer and seller when both parties agree on the values for specific resource categories. Question No : 60 While creating a project schedule, what duration should a milestone have? Choice 1 Zero Choice 2 Duration equal to the phase duration Choice 3 Duration equal to the time required for a particular task to be completed Choice 4 Duration of the complete project till the milestone date Question No : 61 In your project, you would like to conduct a lessons learned session to identify project successes and failures, as well as make recommendations to improve future project performance. This is done during: Choice 1 Project closure Choice 2 Project initiation Choice 3 Project life cycle Choice 4 Project execution and project closure Question No : 62 You recently went on an official trip to another country to discuss a business proposition with a potential vendor. The vendor took you out for lunch and offered you gifts, as it is customary in that country. You must: Choice 1 Tell the vendor that you cannot accept the gifts as per company policy Choice 2 Accept the gifts as it is a local custom and promptly inform your manager Choice 3 Return the gifts, because accepting them could be interpreted as a personal gain Choice 4 Accept the gifts, as they are not very expensive Question No : 63 In your company, payback period is primarily used as the decision criterion for project selection. Payback period is the: Choice 1 Number of years a company takes to get back the invested amount Choice 2 Discount rate on an investment that makes present value of all cash inflows equal to present value of all cash outflows Choice 3 Duration in which the project gets completed Choice 4 Number of years a company takes to make profits equal to the amount invested Question No : 64 In your project, you have identified important risks and planned appropriate responses to the risks. Some risks- e.g. possibility of natural disasters impacting the project- have been documented and accepted in your risk management plan. What are the remaining risks called? Choice 1 Unidentifiable Risks Choice 2 Residual Risks Choice 3 Secondary Risks Choice 4 Accepted Risks Question No : 65 In a recent job interview, you are asked to define the most important characteristic of a project manager. Which of the following will be the best answer? Choice 1 Subject matter expert Choice 2 Integrator Choice 3 Creative person Choice 4 Risk minimizer Question No : 66 You are the project manager in a company. You have to prepare a process improvement plan. You have to consider all the following EXCEPT: Choice 1 Quality metrics Choice 2 Targets for improved performance Choice 3 Process boundaries and process metrics Choice 4 Process configuration Question No : 67 You are responsible for managing a project in your company but you have least authority and have to constantly report to a functional manager. To which organizational structure does your company belong? Choice 1 Matrix Choice 2 Functional Choice 3 Projectized Choice 4 Balanced Question No : 68 You are a project manager in a manufacturing company. You are developing a new product. In this context, you are conducting requirements workshop for the stakeholders to determine the product`s critical characteristics. Which technique would you use for this purpose? Choice 1 Quality function deployment Choice 2 Joint application development Choice 3 Voice of the customer Choice 4 Juran`s improvement technique Question No : 69 In your project, you establish clear expectations regarding acceptable behavior by project team members. You believe that early commitment to clear guidelines will decrease misunderstanding and increase productivity. These expectations and guidelines are also known as: Choice 1 Team-building activities Choice 2 Ground rules Choice 3 Interpersonal skills Choice 4 Rules of conduct Question No : 70 You are in the process of determining the types of contracts to be used, need for standardized procurement documents, and ways of managing multiple providers. You can get the guidance for doing these activities through: Choice 1 Project plan Choice 2 Procurement document Choice 3 Procurement management plan Choice 4 Proposals Question No : 71 In Estimate Activity Durations process, which of the following is not an assumption? Choice 1 Existing conditions Choice 2 Availability of information Choice 3 Length of the reporting periods Choice 4 Project scope Question No : 72 You are the project manager with seven team members. One more member will be joining the team after a week. What will be the number of communication channels once the new member joins your team? Choice 1 28 Choice 2 21 Choice 3 18 Choice 4 36 Question No : 73 Your friend requests you to lend him your accounting package software CDROM to install the software in his computer. You should: Choice 1 Give him the software for free Choice 2 Give him the software and charge some money for it Choice 3 Refuse to give him the software Choice 4 Report the copyright violation to the copyright owner of the software package Question No : 74 In your construction project, the CPI is 0.85 and SPI is 1.25. What could be the possible reason? Choice 1 A critical resource went on sick leave for a long period of time, which had not been anticipated earlier. Choice 2 The cost of raw materials required for construction increased by 10%. - You had anticipated a cost increase of 12% in your project plans. Choice 3 In anticipation of delays, the project was crashed to decrease the duration. Choice 4 There was four days waiting time in the curing of concrete, and work could not be done during that time. Question No : 75 Even after carefully performing risk management for the project, you realize that possibility of new risks occurring in the future still exists. You will be able to handle such risks if you perform: Choice 1 Plan Risk Management Choice 2 Identify Risks Choice 3 Monitor and Control Risks Choice 4 Plan Risk Responses Question No : 76 Which of the following is not related to Direct and Manage Project Execution process: Choice 1 Manage sellers and suppliers Choice 2 Create project deliverables Choice 3 Implement the planned methods and standards Choice 4 Change control meetings Question No : 77 You have completed a NASA project for the launch of a weather forecasting satellite. The satellite is being tested for a specific quality metric. For which processes are quality metrics used? Choice 1 Perform Quality Assurance and Plan Quality Choice 2 Plan Quality and Perform Quality Control Choice 3 Perform Quality Control, Plan Quality, and Perform Quality Assurance Choice 4 Perform Quality Assurance and Perform Quality Control Question No : 78 You are a project manager in XYZ company, which has a projectized organizational structure. In this context, all of the following are true, EXCEPT: Choice 1 Team members are often co-located. Choice 2 There is a "home" for project team members after a project is completed. Choice 3 You have a great deal of authority and independence. Choice 4 Organizational units (or departments) either report directly to you or provide support services to the various projects. Question No : 79 In projects, expert judgment will often be used throughout all the project integration processes. This can be provided by all of the following EXCEPT: Choice 1 Professional and technical associations Choice 2 Competitors Choice 3 Consultants Choice 4 Other units within the organization Question No : 80 In your previous project, the project manager gave a lot of autonomy to the team members, which led to anarchy. The management style followed by the project manager was: Choice 1 Directing Choice 2 Laissez faire Choice 3 Delegating Choice 4 Democratic Question No : 81 Which of the following tools is not used in Administer Procurements process? Choice 1 Payment systems Choice 2 Performance reporting Choice 3 Inspections and audits Choice 4 Procurement audits Question No : 82 All the following statements regarding the creation of duration estimates are correct EXCEPT: Choice 1 Mathematical analyses like CPM, GERT, and PERT indicate the dates on which the activity can be scheduled, given resource limits and other constraints. Choice 2 Duration compression techniques, including fast tracking and crashing, can help in decreasing the project schedule Choice 3 WBS classification allows for useful activity ordering and sorting. Choice 4 The duration of the project is the sum of the duration of all the tasks in the project. Question No : 83 Performance reports organize and summarize the information gathered and present the results of any analysis as a comparison with the performance measurement baseline. Which of the following is NOT a common format for performance reports? Choice 1 S-curves Choice 2 Control charts Choice 3 Tables Choice 4 Histograms Question No : 84 The seller`s project is undertaken on contract and you are an employee of the seller. Since you earlier worked with ABC Bank, the buyer, you happen to be aware of the evaluation criteria used in ABC Bank to select sellers. You understand that this could be a potential conflict of interest situation. How do you propose to act? Choice 1 Do nothing and continue to work as before Choice 2 Take appropriate person in ABC Bank into confidence and discuss this issue with her Choice 3 Disclose the evaluation criteria to your (seller) organization and help their business growth Choice 4 Remove yourself from the project Question No : 85 Calculate the to-complete performance index of your project given that the actual cost of your project is $125,000, cost variance is $65,000, and the budget at completion is $250,000. Choice 1 .9 Choice 2 0.48 Choice 3 1.7 Choice 4 .3 Question No : 86 In your project, you have just conducted a risk data quality assessment to evaluate the degree to which the data about risks is useful for risk management. What is your next step? Choice 1 Perform a structured review of project plans and assumptions, both at the total project and detailed scope levels. Choice 2 Develop checklists to identify risks based on historical information and knowledge that has been accumulated from previous similar projects. Choice 3 Conduct planning meetings to develop the risk management plan. Choice 4 Conduct interviews to quantify the probability and impact of risks on project activities. Question No : 87 You are the project manager for a project, which is being managed under a contract. You receive a change request from the buyer involving a government regulation. What should you do FIRST? Choice 1 Talk with team members to understand implications of the change. Choice 2 Communicate the change to the management to get their inputs. Choice 3 Open up a change control. Choice 4 Implement the change and communicate to the customer. Question No : 88 In your project, you would like to identify logical groupings based on natural relationships. Which one of the following techniques would you use? Choice 1 Force field analysis Choice 2 Affinity diagrams Choice 3 Nominal group techniques Choice 4 Brainstorming Question No : 89 Your project sponsor has specified that you have to complete your project within 3 months with a funding limit of $ 250,000. This is an example of: Choice 1 Authoritative project management Choice 2 Constraint Choice 3 Assumption Choice 4 Laissez-faire management Question No : 90 Your company exhibited a car model in two international auto expos and obtained feedback from the global automobile industry, auto magazines, and others. The company decided to go ahead with the designing and manufacturing of the car, taking into consideration the feedback received. Which of the following methods did your company use to make this decision? Choice 1 Observation technique Choice 2 Prototype Choice 3 Requirement documentation Choice 4 Requirement traceability matrix Question No : 91 In your project, you are determining project roles, responsibilities, and reporting relationships. All of the following will be useful inputs to you EXCEPT: Choice 1 Enterprise environmental factors Choice 2 Organizational process assets Choice 3 Activity resource requirements Choice 4 Project organization charts Question No : 92 In your project, your subcontracting requirements of the machining of high-value equipment are very demanding. Hence, you have determined the technical criteria to evaluate the sellers. This is an example of: Choice 1 Objective evaluation criteria Choice 2 Source selection criteria Choice 3 Statement of work Choice 4 Work breakdown structure Question No : 93 Please refer to the table given below: What is the slack of task 5? Choice 1 0 Choice 2 1 Choice 3 2 Choice 4 -1 Question No : 94 You have eight people in your project, and one more person will be joining next week. Once the new person joins, the number of communication channels will increase by: Choice 1 0 Choice 2 8 Choice 3 12 Choice 4 20 Question No : 95 Your company has recently been awarded a contract by the government to reconstruct houses devastated by an earthquake. In this context, the government`s role will impact your: Choice 1 Project scope baseline Choice 2 Business case and Business need Choice 3 Project charter Choice 4 Project management plan Question No : 96 Your sponsor has asked you to use payback period as a selection criterion to select amongst 5 competing projects. All of the following statements related to payback period are correct EXCEPT: Choice 1 Payback period is the number of years required to get back the initial investment in the project. Choice 2 Payback period takes the discount rate into account to determine the best possible option. Choice 3 Payback period is a project selection criterion widely used in conjunction with NPV and IRR to determine the most suitable project. Choice 4 The initial investment in the project will not impact the selection criteria when payback period is used for project selection. Question No : 97 In your project, the risk calculations show that there is a risk of overrunning the project scope and schedule targets to levels that are beyond the threshold limits determined in the project. To bring the level of risk to a level acceptable to your organization, you should: Choice 1 Consider using contingency reserves Choice 2 Decrease the project scope and increase the project schedule Choice 3 Talk with your sponsor about canceling the project Choice 4 Do additional risk response planning Question No : 98 You are managing a small project with five team members working part-time. At the beginning of every week, you orally allocate work to all the team members. This is an example of: Choice 1 Work Authorization System Choice 2 Improper Planning because team members do not know in advance what needs to be done at what time Choice 3 Project time management plan Choice 4 Project flexible time management plan Question No : 99 After joining as a stand-in project manager for an ongoing project, you are informed by the team that certain features are added to the deliverable which were not asked for by the customer, to earn customer appreciation. In this situation: Choice 1 You are concerned, because the project team is gold-plating Choice 2 You are happy, because the project will `exceed customer expectations` Choice 3 You are worried that this is going to increase the project size Choice 4 You are undecided about the increase in the quality metrics of the project Question No : 100 Project performance must be monitored and measured regularly to identify variances from the plan. All the following processes belong to monitoring and controlling EXCEPT: Choice 1 Verify Scope Choice 2 Monitor and Control Risks Choice 3 Report Performance Choice 4 Perform Quality Assurance Question No : 101 In your project, some of the benefits of a well-constructed scope statement are all the following EXCEPT: Choice 1 Provides a documented basis for making future project decisions Choice 2 Develops common understanding of project scope among stakeholders Choice 3 Provides knowledge of project justification, deliverables, and objectives Choice 4 Provides a basis for time and cost estimates Question No : 102 You are the project manager of a high priority project, which will require more than 1,000 team members. During human resource planning, you would like to apply proven principles to shorten the time needed to create a human resource plan and make it effective. In this context, you will benefit if you consult an expert in the field of: Choice 1 Networking and team formation Choice 2 Human resource theory Choice 3 Organizational theory Choice 4 Project organization charts Question No : 103 The following is the data for a CPIF project you are managing: Target cost is $ 100,000; Actual cost is $ 80,000 Target fee is $ 20,000; Maximum fee is $ 25,000; Sharing ratio is 60:40. What should be the final price of the contract? Choice 1 $ 100,000 Choice 2 $ 108,000 Choice 3 $ 105,000 Choice 4 $ 92,000 Question No : 104 Of the following documents, all of which are updated during Control Schedule process, which is NOT a part of the project management plan? Choice 1 Schedule baseline Choice 2 Cost baseline Choice 3 Schedule management plan Choice 4 Schedule data Question No : 105 You are the project manager in a pharmaceutical company. You are constantly involved in managing stakeholders` expectations to satisfy their needs and resolve issues. In this context, all the following are relevant outputs EXCEPT: Choice 1 Organization process assets updates Choice 2 Change requests Choice 3 Project management plan updates Choice 4 Communications requirements analysis Question No : 106 As part of your duties as a project manager, you make sensitive company data available to a vendor. In this context, which of the following precautions should you take? Choice 1 Insist that the vendor signs a non-disclosure agreement after you release the sensitive information. Choice 2 Make sure that the vendor receives all the sensitive information in time. Choice 3 Ensure that the vendor signs non-disclosure agreement before you release the sensitive information. Choice 4 Monitor the vendor in order to prevent her from sharing the information with her competitors. Question No : 107 As the project manager in a software company, you are determining the possible costs to complete project activities. This is done as part of: Choice 1 Variance analysis Choice 2 Estimate Costs Choice 3 Determine Budget Choice 4 Control Costs Question No : 108 You have created an Excel spreadsheet that shows cumulative cost at any particular point of time in the project duration. Your director wants to review the project costs and you decide to make a presentation. Cumulative costs plotted against time is shown in the slide as a: Choice 1 S-curve Choice 2 Histogram Choice 3 Control chart Choice 4 Pareto diagram Question No : 109 Ideally, when should a project manager be assigned to a project? Choice 1 As soon as a project is authorized Choice 2 Soon after the scope statement is finalized Choice 3 When the WBS is completed Choice 4 At any time during the project life cycle, depending on requirements Question No : 110 All the following statements about "Quality" and "Grade" are true EXCEPT: Choice 1 Grade is a rank given to entities having the same functional use but different technical characteristics. Choice 2 Low quality product may be of high grade. Choice 3 Low grade product may be of high quality. Choice 4 It is a problem if the product is of high quality and low grade. Question No : 111 ABC company has recently launched a new model of their car in the market and the market response has been overwhelming. Sales have gone up to a level much higher than what the company anticipated. To cater to the increased market demand, the company plans to start a project to create a new assembly line for the cars. Who, according to you, is the user for this project? Choice 1 Project manager and project management team Choice 2 Person who may buy the car in the future Choice 3 Project sponsor who provides funding Choice 4 Assembly line worker who is going to work on the new assembly line being created Question No : 112 Your project is very critical for the company and must be completed within six months. The project charter has been signed, but the scope statement is not yet prepared. The management asks you to go ahead with the project without the scope statement being approved. What should you do (select the best answer)? Choice 1 Refuse to work on the project, because the management is not following standard project management practices. Choice 2 To save time, you should start the project with inputs from the project charter. Choice 3 Meet the management and explain the problems you may face if you start a project without a scope statement. Choice 4 Escalate the issue to the project sponsor and issue a risk memo. Question No : 113 Ten members were assigned in advance to your project. This pre-assignment could be because of all the following reasons EXCEPT: Choice 1 Specific people were promised as part of a competitive proposal. Choice 2 Suitable people volunteered to work on the project. Choice 3 Staff assignments were defined in the project charter. Choice 4 The project was dependent on the expertise of the pre-assigned persons Question No : 114 A contract which includes features of cost reimbursable and fixed price types of contract is a: Choice 1 Fixed price plus incentive fee contract Choice 2 Cost plus award fee contract Choice 3 Time and material contract Choice 4 Cost plus fixed fee contract Question No : 115 Activity attributes extend the description of the activities in the activity list. These activity attributes are inputs to all the following processes EXCEPT: Choice 1 Sequence Activities Choice 2 Define Activities Choice 3 Estimate Activity Resources Choice 4 Estimate Activity Durations Question No : 116 Identify Stakeholders is the process to identify all people or organizations impacted by the project and to document: Choice 1 Stakeholder interests, involvement, and impact on project success Choice 2 Their needs and address issues as they occur Choice 3 Project status reports, progress measurements and forecasts Choice 4 Stakeholder needs and define a communication approach Question No : 117 You are a member of the committee, which is appointed to oversee the awarding of an important contract, in your company. In this context, all of the following can be treated as conflict of interest situations, EXCEPT: Choice 1 Your friend bids for the contract and you inform the committee and the project sponsor about it. Choice 2 Your relative bids for the contract and you do not inform the project sponsor about it. Choice 3 Your close friend bids for the contract and you refrain from participating in the contract awarding decision process without informing your sponsor. Choice 4 Your friend bids for the contract and you make sure that the contract is awarded to him. Question No : 118 Your project is in the execution stage. NPV of your project is -$200,000 and IRR is 5%. CPI is 1.2 and SPI is 0.8. What is the recommended action? Choice 1 Cancel the project since NPV is negative Choice 2 Cancel the project since IRR is very low Choice 3 Crash your project Choice 4 Try to improve the NPV Question No : 119 Your company is a pioneer in the construction industry. The government recently floated a tender for setting up a new airport. Since you do not have all the requisite skills within the company, you enter into a joint venture with a leading airport construction company to bid jointly for the government contract. This is an example of: Choice 1 Risk exploitation Choice 2 Risk sharing Choice 3 Risk enhancing Choice 4 Risk mitigating Question No : 120 Project integration management includes the processes and activities needed to identify, define, combine, unify and coordinate the various processes and project management activities within the project management process group. When a project is initiated, one of the processes taken up early on in the project initiation stage is: Choice 1 Identify Stakeholders Choice 2 Develop Scope Statement Choice 3 Develop Human Resource Plan Choice 4 Develop Project Management Plan Question No : 121 Your company has implemented ISO standards for quality. In this context, which of the following statements regarding quality is NOT accurate? Choice 1 Objective of quality audit is to compare project deliverables against the product requirements as defined in the WBS. Choice 2 Process analysis identifies the needed improvements from organizational and technical standpoint. Choice 3 Perform Quality Control is the process of monitoring and recording results of executing the quality activities to assess performance and recommend necessary changes. Choice 4 Quality management plan describes how the project management team will implement the performing organization`s quality policy. Question No : 122 You have reached the end of the design phase of your project. You decide to call a "phase end review" for obtaining authorization to close the design phase and initiate the next phase (i.e., execution phase) of your project. Your manager disagrees with your suggestion. He wants a "kill point" to formally end the design phase of the project. In this context, you should: Choice 1 Disagree with your manager because you know that phase end reviews should be used at the end of each phase of the project Choice 2 Agree with your manager Choice 3 Escalate this issue to the project sponsor Choice 4 Take advice from a senior project manager about what should actually be done at the end of each phase of the project Question No : 123 During Verify Scope Process, you formalize acceptance of the project deliverables and keep the project focused on the business need for which it was undertaken. This should be done: Choice 1 At the beginning of the project Choice 2 At the end of the project Choice 3 When required by the project sponsor Choice 4 After getting validated deliverables from the quality control process Question No : 124 In your project, you are in the process of determining the project roles, responsibilities, and reporting relationships for your team members. At the end of this process, you will define/create all of the following EXCEPT: Choice 1 Project staff assignments Choice 2 Roles and responsibilities Choice 3 Project organization charts Choice 4 Staffing management plan Question No : 125 The buyer wants to provide a single source contract, but your sponsor tells you that sole source contract would be better for the company. In this context, how do sole source contracts differ from single source contracts? Choice 1 Single source contracts are forms of non-competitive procurements, where as sole source contracts are forms of competitive procurements. Choice 2 Single source contracts are forms of competitive procurements, where as sole source contracts are forms of non-competitive procurements Choice 3 In single source contracts, you (buyer) contract a seller because he is your preferred seller, where as in sole source contracts, you (buyer) contract a seller because there are no other sellers for your required procurement item. Choice 4 Unlike sole source contracts, single source contracts help an organization to save time because they do not involve procurement process before bids or proposals are received. Question No : 126 In your project, identifying and documenting relationships among the project activities is done as part of: Choice 1 Define Activities Choice 2 Estimate Activity Durations Choice 3 Sequence Activities Choice 4 Develop Schedule Question No : 127 While identifying stakeholders, you plan to group the stakeholders based on their level of authority and their active involvement in the project. You can do this by using: Choice 1 Power/interest grid, Choice 2 Power/influence grid Choice 3 Influence/impact grid Choice 4 Salience model Question No : 128 Your company asks you to manage a project of its subsidiary unit in another country. You quickly realize that workers in the subsidiary unit have poor work ethics as compared with that of your parent company. In this context, which of the following will be the most appropriate course of action? Choice 1 Ask your new team to emulate the work ethics of the teams of your parent concern. Choice 2 Take steps to change the work culture of your new team. Choice 3 Regard your new team as lazy and impose sanctions. Choice 4 Treat it as cultural differences, and try to determine ways to improve productivity. Correct Choice : 4 Question No : 129 What is the status of the project? Choice 1 Behind schedule, under budget Choice 2 Ahead of schedule, under budget Choice 3 Ahead of schedule, over budget Choice 4 Behind schedule, over budget Question No : 130 In your project, you identified disaster situations (e.g. floods, earthquakes, etc.) as potential risks. The project sponsor suggested that, at the project level, no steps could be taken to deal with such risks and recommended creation of a contingency reserve (with 5% of the project budget) which could be used in case of disaster situations. This is an example of: Choice 1 Risk mitigation Choice 2 Risk acceptance Choice 3 Risk avoidance Choice 4 Bad policy decision Question No : 131 Your project involves creating a launch vehicle for NASA satellites. For successful project implementation, it is important to coordinate activities with other NASA operational groups and also divide your project into several phases to provide better management control. To facilitate this, you should (select the BEST answer): Choice 1 Break the project into several sub-projects. Choice 2 Use life cycle approach to manage the project. Choice 3 Develop specific deliverables, which are approved by the sponsor. Choice 4 Create a very comprehensive project charter. Question No : 132 In your pharmaceutical company, quality is an important criterion to determine project success. In this context, all the following are examples of cost of non-conformance EXCEPT: Choice 1 Training Choice 2 Rework Choice 3 Loss of reputation Choice 4 Warranty Question No : 133 As a project manager, you understand the importance of identifying and documenting project risks. In this context, which of the following statements is true: Choice 1 Risk identification occurs during the Planning of the project Choice 2 Risk identification occurs during Monitoring and Controlling of the project Choice 3 Risk identification occurs during Execution of the project Choice 4 Risk identification occurs during different project stages depending on the type of the project Question No : 134 In your project, the process of monitoring the status of the project and product scope and managing changes to the scope baseline is referred to as: Choice 1 Verify Scope Choice 2 Control Scope Choice 3 Define Scope Choice 4 Collect Requirements Question No : 135 Motivating your team members is important for the success of the project. You understand from the HR manager that employees are motivated by self-esteem, recognition, and self-actualization. To which theory is the HR manager referring? Choice 1 Theory Y Choice 2 Learning curve theory Choice 3 Herzberg`s theory Choice 4 Maslow`s theory Question No : 136 During Close Procurements process, you should attend to all the following EXCEPT: Choice 1 Perform a structured review of processes from plan purchases and acquisitions through contract closure. Choice 2 Perform procurement performance reviews to determine seller`s progress to deliver project scope and quality, within cost and on schedule, as compared to the contract. Choice 3 Identify successes and failures that warrant recognition to prepare or administer procurement contracts in the future. Choice 4 Use procurement audits as a technique. Question No : 137 In the Control Schedule process, changes to project schedule can result in change requests to: Choice 1 Schedule baseline Choice 2 Components of project plan Choice 3 Activity attributes Choice 4 Schedule baseline and/or components of project plan Question No : 138 You are the project manager of a $ 20 million project, and you are struggling to manage the needs of all the stakeholders. So, you decide to classify the stakeholders, which will enable you to focus on the relationships necessary to ensure the success of the project. All the following are valid ways to classify stakeholders EXCEPT: Choice 1 According to Interest Choice 2 According to Organization hierarchy Choice 3 According to Involvement Choice 4 According to Influence Question No : 139 Your company has awarded a contract to a vendor. After some time, you realize that the vendor representative is your old buddy from school. You inform this to your senior management, but they insist that you continue to administer the contract. So, to avoid any accusations of bias in this conflict of interest situation, you should: Choice 1 Document all the decisions taken by you on the activities performed by the vendor. Choice 2 Refrain from administering the contract. Choice 3 Resign from the project. Choice 4 Remind your senior management of conflict of interest. Question No : 140 In your project, you use a hierarchical structure of resources by resource category and resource type to develop resource-limited schedules. This hierarchical structure is also called as: Choice 1 Project hierarchy Choice 2 Organization hierarchy Choice 3 Resource breakdown structure Choice 4 Project breakdown structure Question No : 141 Project initiation consists of processes that facilitate the formal authorization to start a new project or a project phase. All the following should be performed during project initiation EXCEPT: Choice 1 Create the project charter Choice 2 Divide large or complex projects into phases Choice 3 Involve customers and stakeholders Choice 4 Create project scope statement Question No : 142 The project scope statement consists of the product scope description and project deliverables. It also defines the: Choice 1 Scope Baseline Choice 2 WBS Choice 3 Product acceptance criteria Choice 4 WBS dictionary Question No : 143 To resolve conflicts in your project, you can use all the following conflict resolution modes EXCEPT: Choice 1 Collaborating Choice 2 Smoothing Choice 3 Avoiding Choice 4 Directing Question No : 144 You have recently taken over a project from another project manager, who left the company. You realize that the project is behind schedule and over budget, but the senior management is unaware of this fact. In this context, what should you do FIRST? Choice 1 Do not continue to manage the project. Choice 2 Update the management with the status of the project. Choice 3 Bring the project on schedule and then inform the management about the status of the project. Choice 4 Do crashing and fast-tracking of the project. Question No : 145 You note that the ability to influence the cost of a project is: Choice 1 Greatest at the early stages of the project Choice 2 Greatest at the middle of the project Choice 3 Greatest at the project closure stage Choice 4 Constant throughout the project Question No : 146 A project team member informs you that a particular task is taking much more time than what was budgeted. You are surprised because you, as a project manager, had not anticipated this delay, and you ask for status reports and forecasts from all project team members. Which process group are you in? Choice 1 Initiating Choice 2 Executing Choice 3 Monitoring and Controlling Choice 4 Planning Question No : 147 In your project, you are now interested in determining the cause of variance relative to the scope baseline and deciding whether corrective action is required. You should use: Choice 1 Configuration management system Choice 2 Variance analysis Choice 3 Re-planning Choice 4 Earned value spreadsheets Question No : 148 Frequent heated discussions with your colleague over an issue are creating a hostile environment. To ease this situation, you agree with your colleague`s point of view. The conflict resolution mode that you are using is: Choice 1 Problem solving Choice 2 Withdrawal Choice 3 Forcing Choice 4 Confrontation Question No : 149 You have been working on a project for the last six months. Your management lets you know that you will receive an incentive of $ 5,000, if you complete the project one month ahead of schedule. When closing the project ahead of schedule, your team informs you that the product contains a minor flaw and may not fully satisfy the customer`s needs. However, rectification of the minor flaw will require a lot of changes and take 2 more months. In this context, you will: Choice 1 Close out the project. Choice 2 Review the situation with your customer and sponsor. Choice 3 Rectify the flaw and then close out the project. Choice 4 Close the project and then inform the sponsor about the flaw. Question No : 150 In your project, if the benefit cost ratio is greater than 1, it means that Choice 1 The ratio of profits to cost is greater than 1. Choice 2 The ratio of revenue to cost is greater than 1. Choice 3 You should select this project from all other competing alternatives. Choice 4 You should not select this project from all other competing alternatives. Question No : 151 You are working in the Project Management Office (PMO) of your organization. Your job responsibility is to: Choice 1 Manage the operational activities in the company Choice 2 Manage human resource and risk management issues for individual projects Choice 3 Provide support functions to project managers in the form of training, providing software, standardizing policies, etc. Choice 4 Provide subject matter expertise in the functional areas of the project Question No : 152 As a project manager, you are aware that changes are bound to occur in the projects. While you are monitoring and controlling changes, you use the term project scope creep. What does the term refer to? Choice 1 Uncontrolled changes Choice 2 Controlled changes Choice 3 Manageable changes Choice 4 Unmanageable changes Question No : 153 Your company has a projectized organization structure. As your project nears completion, you notice that your team members are more interested in trying to find new positions rather than properly discharging their duties. Their motivation is: Choice 1 Safety Choice 2 Social Choice 3 Psychological Choice 4 Self-esteem Question No : 154 In your project, you are documenting project purchasing decisions, specifying the approach and identifying potential sellers. Some tools you can use include all the following EXCEPT: Choice 1 Make- or- buy analysis Choice 2 Bidder conferences Choice 3 Expert judgment Choice 4 Contract types Question No : 155 The following provides information on a particular task in your project: Early Start(ES): 25 days Late Start(LS): 30 days Early Finish(EF): 50 days Late Finish(LF): 55 days Based on this information, you can deduce that: Choice 1 The task is on the critical path. Choice 2 The project may get delayed. Choice 3 The project float is 5 days. Choice 4 The task is not on the critical path. Question No : 156 You are a project manager and have just discovered a risk in your project that requires an immediate corrective action. During which Project Risk Management Process is this action performed? Choice 1 Plan Risk Management Choice 2 Identify Risks Choice 3 Perform Qualitative Risk Analysis Choice 4 Monitor and Control Risks Question No : 157 As a project manager, you use work authorization system to assign and allocate work to your team members. In this context, the primary purpose of the work authorization system is to: Choice 1 Prevent team members from starting the work without your permission Choice 2 Prevent scope creep Choice 3 Prevent unnecessary changes to project scope Choice 4 Clarify and initiate the work for each work package Question No : 158 Your project is facing attrition of project resources, and you would like to document processes carefully to ensure business continuity. Certain costs have to be incurred for this purpose. These costs are known as: Choice 1 Costs of nonconformance Choice 2 Appraisal costs Choice 3 Failure costs Choice 4 Prevention costs Question No : 159 You are in the process of obtaining seller responses to select a seller. In this context, you conduct a bidder conference, where your primary objective is to: Choice 1 Ensure that sellers have a clear understanding of the proposal Choice 2 Determine who would be qualified sellers for bidding Choice 3 Evaluate the interest level of sellers Choice 4 Use evaluation criteria to select sellers Question No : 160 You are managing a flyover construction project. You would like to use the best practices in the road construction industry to help you in your project. Which of the following tools of Sequence Activities process are based on these best practices? Choice 1 Mandatory dependencies Choice 2 Discretionary dependencies Choice 3 Industry norms Choice 4 Best Practice standards for ISO 9001 certification Question No : 161 In Plan Risk Management, you define how to conduct risk management activities for a project because careful and explicit planning enhances the probability of success for the subsequent risk management processes. In this context, what will you NOT do when you Plan Risk Management? Choice 1 Identify Risks Choice 2 Establish an agreed-upon basis for evaluating risk Choice 3 Ensure that the degree, type, and visibility of risk management are commensurate with both the risks and the importance of the project Choice 4 Provide sufficient resources and time for risk management activities Question No : 162 The project management plan is the most important planning document produced with inputs from several project team members. In which of the following processes will the project management plan NOT be updated? Choice 1 Monitor and Control Project Work Choice 2 Develop Project Charter Choice 3 Perform Integrated Change Control Choice 4 Direct and Manage Project Execution Question No : 163 In your project, you are doing a structured review to determine whether product activities comply with organizational and project policies. This is conducted as part of (a) ________________, and is performed during (b) _____________ process. Choice 1 (a) Quality audit (b) Quality Assurance Choice 2 (a) Quality audit (b) Quality Control Choice 3 (a) Process analysis (b) Quality Assurance Choice 4 (a) Process analysis (b) Quality Control Question No : 164 When you (the buyer) administer a contract, you should pay attention to all the following EXCEPT: Choice 1 Ensure that contractual obligations are met. Choice 2 Apply appropriate project management processes to the contractual relationship and integrate the outputs from these processes to the overall management of the project. Choice 3 Monitor payments to the seller. Choice 4 Perform regular procurement audits. Question No : 165 You are working on a 12 month assignment to build a website with 4000 pages for $ 1,000,000. You are supposed to spend $ 250,000 every 3 months. After 6 months, you determine that only $ 400,000 of work is completed and cost incurred is $ 800,000. What is the ETC? Choice 1 $ 2,000,000 Choice 2 $ 1,500,000 Choice 3 $ 1,000,000 Choice 4 1,200,000 Question No : 166 Your project is complete and you are performing project closure activities. In this context, what should you do LAST? Choice 1 Creating final product, service, or result transition Choice 2 Releasing project resources working on the project Choice 3 Updating organizational process assets Choice 4 Accepting deliverables Question No : 167 While preparing the schedule for the project activities, you find that there is very limited information on activity durations; so you wish to use the actual duration of a previous, similar activity as a basis for estimating future activity. Which estimating tool do you use? Choice 1 Three-point estimates Choice 2 Parametric estimating Choice 3 Quantitative estimating Choice 4 Analogous estimating Question No : 168 You are a retail company which routinely buys goods from foreign countries. Since currency fluctuation is an important risk, you keep all other factors constant and try to find out how much your project will be impacted if the currency rate fluctuates by 5%, 10%, 20% or 25%. This helps you determine appropriate risk response. This can also be effectively shown using: Choice 1 Beta probability distributions Choice 2 Expected monetary value analysis Choice 3 Tornado diagram Choice 4 Simulation Question No : 169 In your project, you are defining and documenting stakeholders` needs to meet the project objectives. You know that this is very important as the project`s success is directly influenced by the care taken during this process. In this context, you should be very diligent when you: Choice 1 Identify Stakeholders Choice 2 Collect Requirements Choice 3 Create Project Charter Choice 4 Create Project Management Plan Question No : 170 Your sponsor believes in "SMART" goals for evaluating the objectives or goals for your project. In this context, SMART includes all the following keywords EXCEPT: Choice 1 Significant Choice 2 Measurable Choice 3 Relevant Choice 4 Attainable Question No : 171 A documented direction to perform an activity that can reduce the probability of negative consequences associated with project risks is called: Choice 1 Corrective action Choice 2 Preventive action Choice 3 Defect repair Choice 4 Risk mitigation Question No : 172 You are monitoring the technical performance of your website. Past data on the number of users and their experience helps you forecast how your website would perform if the number of users increases in the future. This is an example of: Choice 1 Design of experiments Choice 2 Control chart Choice 3 Organizational process assets Choice 4 Trend analysis Question No : 173 When conducting procurement negotiation, all the following steps should be followed EXCEPT Choice 1 Project manager should be the lead negotiator. Choice 2 Subjects covered may include responsibilities, authority to make changes, applicable terms, and governing law. Choice 3 For complex procurement items, contract negotiations can be an independent process with inputs and outputs of its own. Choice 4 Negotiations should clarify the structure, requirements, and other terms of the purchases. Question No : 174 As a project manager, you are required to produce project performance reports on a regular basis, your project`s Budget at Completion is $750,000, planned value is $100,000, schedule variance is $30,000, and cost variance is $50,000. What is the percentage complete and estimate at completion in your project? Choice 1 18%, $ 500,000 Choice 2 17.33%, $ 461,538 Choice 3 17.8%, $ 437,500 Choice 4 18%, $ 437,500 Question No : 175 Which of the following processes occurs in the Planning Process Group? Choice 1 Identify Risks Choice 2 Manage Stakeholders Expectations Choice 3 Acquire Project Team Choice 4 Identify Stakeholders Question No : 176 In your project, you have found that a deviation from the schedule baseline has occurred. You want to determine the reason and level of variance relative to the schedule baseline so that corrective action can be taken. Which of the following tools would you use for this purpose? Choice 1 Scheduling tool Choice 2 Performance reviews Choice 3 What-If Scenario analysis Choice 4 Variance analysis Question No : 177 When your company buys computers from Dell, you also pay extra for a three year warranty which ensures that any manufacturing defects will be taken care of by Dell. The risk response strategy used is: Choice 1 Exploit Choice 2 Avoid Choice 3 Mitigate Choice 4 Transfer Question No : 178 In your project, you are performing several actions to execute the project management plan and to complete the work defined in the project scope statement. You will be involved in (choose the best answer). Choice 1 Taking corrective or preventive action to control the project performance Choice 2 Settling or closing any contract agreement established for the project Choice 3 Creating a document that will formally authorize the project Choice 4 Collecting work performance information about the completion status of the deliverables and what has been accomplished Question No : 179 Your quality process did not meet the four sigma requirements desired by your customer. So, some of your products were rejected and there is a possibility that you would not receive repeat business from the customer. From a quality perspective, the costs associated with the rejected products can also be categorized as: Choice 1 Cost of conformance Choice 2 Customer retention costs Choice 3 Failure costs Choice 4 Performance costs Question No : 180 In which Process Group will work defined be completed and all the specifications of your project be satisfied? Choice 1 Planning Process Group Choice 2 Executing Process Group Choice 3 Monitoring and Controlling Process Group Choice 4 Closing Process Group Question No : 181 For your project, find the to-complete performance index (TCPI) based on the given data: Budget at completion of the project = 700,000 Cost variance of the project = 25,000 Earned value of the project = 200,000 Estimate to Complete has now been revised to 425,000 Choice 1 0.9 Choice 2 1.176 Choice 3 1.5 Choice 4 -1.5 Question No : 182 You are a project manager. You have completed the project. While reviewing the costs, you observed that most of the project`s budget was utilized for activities performed in processes relating to one particular process group. This Process Group is: Choice 1 Planning Process Group Choice 2 Executing Process Group Choice 3 Monitoring and Controlling Process Group Choice 4 Closing Process Group Question No : 183 The concepts of "Zero Defects" and "Right First Time" were formulated by: Choice 1 Genichi Choice 2 Deming Choice 3 Crosby Choice 4 Juran Question No : 184 Kelly, a new project manager in your organization, is ready to enter into a contract with a buyer for supply of ball bearings, but is unsure of the type of contract she should select. Which type of contract represents the highest risk to the seller? Choice 1 Cost reimbursable plus incentive Choice 2 Fixed- price Choice 3 Fixed price plus incentive Choice 4 Cost- reimbursable Question No : 185 In your project, you could use all the following strategies for opportunities EXCEPT: Choice 1 Exploit Choice 2 Contingent Choice 3 Share Choice 4 Accept Question No : 186 You are involved in manufacturing ball bearings using lathe machines. The ball bearings should have a diameter of 5.0 cms - allowable control limits are 4.95 cms to 5.05 cms. Measurements made after the end of the process for the bearings produced are: 4.96, 4.98, 5.01, 5.03, 5.02, 5.01,5.03,5.04, 5.02, 4.96, 4.98, 5.00. What is your conclusion about the process? Choice 1 Process is out of control and needs to be investigated Choice 2 Process is in control and adjustments are not required Choice 3 The tool needs to be changed or re-calibrated Choice 4 Process should be further measured using a run chart Question No : 187 You are a project manager in a software organization. Your customer has decided to terminate the project as the need for the product does not exist anymore. As a project manager, what step would you take FIRST? Choice 1 Call a meeting with the customer Choice 2 Verify the request against the procurement documents Choice 3 Enter Close Procurements process Choice 4 Seek project sponsor’s advice Question No : 188 You are working in the "vendor management" group in your company. During Plan Procurements, you are involved with documenting the products, services, and results requirements and identifying potential sellers. You will be requiring all the following inputs during Plan Procurements EXCEPT: Choice 1 Procurement statements of work Choice 2 Requirements documentation Choice 3 Teaming agreements Choice 4 Project schedule Question No : 189 In your project, you have created a Project Charter and Identified important stakeholders. Now, you want to define and document stakeholders` needs to meet the project objectives. This should be done as part of: Choice 1 Define Scope Choice 2 Create WBS Choice 3 Collect Requirements Choice 4 Plan Risk Management Question No : 190 As a project manager, which one of the following will you undertake in the Monitoring and Controlling process of your project? Choice 1 Confirming human resource availability and obtaining the team necessary to complete project assignments Choice 2 Influencing the factors that could circumvent integrated change control so that only approved changes are implemented Choice 3 Making relevant information available to project stakeholders as planned Choice 4 Auditing the quality requirements and the results from quality control measurements to ensure that appropriate quality standards and operational definitions are used Question No : 191 In PDM, which precedence relationship type is most commonly used? Choice 1 FS (Finish to Start) Choice 2 FF (Finish to Finish) Choice 3 SS (Start to Start) Choice 4 SF (Start to Finish) Question No : 192 If there is a fire, the risk response plan developed is to use a fire extinguisher. If the fire extinguisher cannot take care of the fire, you call in a fire engine – calling in the fire engine is an example of: Choice 1 Secondary risk Choice 2 Residual risk Choice 3 Fallback Plan Choice 4 Work around Question No : 193 A project manager wants to update a project management plan. You suggest that the updated project management plan should include: Choice 1 Performance reports and enterprise environmental factors Choice 2 Expert judgment and change control meetings Choice 3 Final product, service, or result transition and organizational process assets updates Choice 4 Quality management plan, cost, and schedule baselines Question No : 194 According to the 80/20 rule, 80 percent of the problems are because of 20 percent of the causes. To identify the most probable defects and to evaluate nonconformities, you do a rank ordering of the defects using: Choice 1 Statistical sampling Choice 2 Control chart Choice 3 Pareto diagrams Choice 4 Inspection Question No : 195 In your project, you create project documents which will help you when managing the project. Which of the following is NOT an example of project documents? Choice 1 Schedule baseline Choice 2 Assumption log Choice 3 Roles and responsibilities Choice 4 Risk register Question No : 196 You have asked your programmer to give you an estimate of how long she will take to complete a software program. She mentions that she would most probably get the job finished in 2 hours. But if she runs into some issues with doing unit-testing for the program, it could take her as long as 7 hours. On the other hand, she may be able to pick up a similar program from the organization process assets, in which case it will take her only 1 hour. What is the standard deviation? Choice 1 2 hours Choice 2 1 hour Choice 3 3 hours Choice 4 Cannot be determined from the provided information Question No : 197 Please refer to the diagram above. Which of the following situations can this diagram represent? Choice 1 Task X (actual work of writing) and Task Z (thinking about what to write) should be done in parallel. Choice 2 Task Z (unit testing the code) should begin 7 days after finishing Task X (writing the code). Choice 3 Task X and Task Z together have 7 days of slack. Choice 4 Task Z (plastering the floor) should begin 7 days after beginning Task X (pouring concrete). Question No : 198 Matrix organizations exhibit features of both projectized and functional organizations. In a weak matrix organization, the role of a project manager may be that of a: Choice 1 Coordinator Choice 2 Manager with considerable authority Choice 3 Support person Choice 4 Functional manager Question No : 199 In your project, a team member suggested the addition of a functionality, which she thinks, will improve customer satisfaction. Your approach would be to: Choice 1 Allow for the functionality, because satisfying the customer is your objective. Choice 2 Disallow the new requirement, because it changes the project scope, and the customer did not explicitly state this requirement. Choice 3 Make changes to the project plan to accommodate the new requirement Choice 4 Ask the customer for additional funding to implement the requirement Question No : 200 To get the work done, the supervisor threatens punishment and strictly supervises the work. The supervisor believes in: Choice 1 Theory Y (McGregor Model) Choice 2 Theory X (McGregor Model) Choice 3 Maslow`s hierarchy of needs Choice 4 Referent power