PMP Certification Quiz # 3 Online Test

Your team has identified the risks on the project and determined their risk score. They’re in the midst of determining what strategies to put in place should the risks occur. After some discussion, they’ve determined that the risk of losing their network administrator is a risk they’ll just deal with if and when it occurs. While they think it’s a possibility and the impact would be significant, they’ve decided to simply deal with it after the fact. Which of the following is true regarding this question?
This is a negative response strategy
This is a positive response strategy.
This is a response strategy for either positive or negative risk known as contingency planning
This is a response strategy for either positive or negative risks known as passive acceptance
You work for a large manufacturing plant. You are working on a new project to release an overseas product line. This is the company’s first experience in the overseas market, and it hopes to make a big splash with the introduction of this product. The stakeholders are a bit nervous about the project and historically proceed cautiously and take a considerable amount of time to examine information before making a final decision. The project entails producing your product in a concentrated formula and packaging it in smaller containers than the U.S. product uses. A new machine is needed in order to mix the ingredients into a concentrated formula. After speaking with one of your stakeholders, you discover this will be the first machine your organization has purchased from your new supplier. Which of the following statements is true given the information in this question?
The question describes risk tolerance levels of the stakeholders, which should be considered as an input to the Plan Risk Management process.
This question describes the interviewing tool and technique used during the Identify Risk process.
This question describes risk triggers that are derived using interviewing techniques and recorded in the risk register during the Perform Qualitative Risk Analysis process
This question describes a risk that requires a response strategy from the positive risk category.
Which of the following are constraints that you might find during the Develop Human Resource Plan process?
Organizational structures, collective bargaining agreements, and economic conditions
Organizational structures, technical interfaces, and interpersonal interfaces
Organizational interfaces, collective bargaining agreements, and economic conditions
Organizational interfaces, technical interfaces, and interpersonal interfaces
You are the project manager for a scheduled version release of your company’s software tracking product. You have identified resources according to their activities. You might want to display this information in which of the following?
AON
PDM
AOA
RAM
You and your project management team completed the project on-time, within budget and you successfully delivered all that was defined in the scope of work, precisely to specification…but an executive in the organizations is not please. Based on this scenario, which of the following statements in most true?
You and your project team have achieved quality
You and your project team must have missed some important project objective. A company executive is displeased
You and your project team should immediately request a meeting with the project sponsor
You and your project team should formally prepare for negative conflict
Quality planning tools & techniques include
cost-benefit analysis, benchmarking, quality metrics
cost-benefit analysis, benchmarking, cost of quality (COQ)
quality baseline, benchmarking, cost of quality
cost-benefit analysis, quality checklists, cost of quality (COQ)
The quality planning process is applied to
Help ensure high-grade, high-quality project performance
Create quality improvement
Develop the project’s cause-and-effect diagram
Identify which quality standards are applicable to the project, then determine how to satisfy them
Ishikawa diagrams are used for
The cost management plan during the project execution
Brainstorming
All of the above
Finding the cause and effect in the project quality planning process
None of the above
Comparing planned project practices or actual project best practices from other comparable projects to your project in an effort to improve the quality of your project and establish measurement baseline is called what?
Benchmarking
Continuous improvement
Metric creation
Quality Assurance (QA)
The terms strong matrix, balanced matrix, and weak matrix when applied the matrix structure in project organization refer to the
Ability of the organization to achieve its goals
Physical proximity of project team members to one another and to the project manager
Degree of authority the project manager has over team resources
Degree to which team members bond together
In both weak and strong matrix organizational structures, the primary condition leading to conflict is
Communication barriers
Ambiguous jurisdictions
Need for consensus
Conflicting interests
Major difficulties arise when multiple projects need to be managed within a functional organizational structure because of
The level of authority of the project manager
Conflicts over the relative priorities of different projects in competition for limited resources
Project team members who are focused on their functional specialty rather than on the project
The need for the project manager to use interpersonal skills to resolve conflicts informally
Project A is being administered using a matrix form of organization. The project manager reports to a senior vice president who provides visible support to the project. In this scenario, which of the following statements best describes the relative power of the project manager?
The project manager will probably not be challenged by project stakeholders
In this strong matrix, the balance of power is shifted to the functional line managers.
In this tight matrix, the balance of power is shifted to the project manager
In this strong matrix, the balance of power is shifted to the project manager
Team development on a project is often complicated when individual team members are accountable to both a functional manager and the project manager. Effective management of this dual reporting relationship is generally the responsibility of the
Team members involved
Project owner or sponsor
Project manager
Functional manager
When choosing the most appropriate form of project organization, the first step is to
Develop a project schedule, including a top-down flowchart, and identify the functional areas to perform each task
Refer to the project charter developed by top management
Create the WBS and let it determine the project organizational structure
Produce an initial project plan and determine the functional areas responsible for each task
Each of your 10 stakeholders has a copy of the project plan. In project review meetings, many of which are attended by a majority of the stake-holders, the plan is used as a baseline for performance measurement. It describes project objectives, deliverables, constraints, and assumptions and contains information about stakeholder expectations. Many stakeholders vocalize their concerns at these meetings and constantly emphasize their interests to ensure the project satisfies their requirements. External feedback such as this is:
A requirement of the project's team charter
An input to team development
An item in the project's stakeholder management plan
An output of the human resource planning process
You have been assigned as project manager on what could be a 'bet the company' project. If the project is successful, management will be carrying you around on a sedan chair; if it fails, you will be in the unemployment line. You realize that to be successful you need to exercise maximum control over project resources. Which form of project organization should you establish for this project?
Strong matrix
Projectized
Project coordinator
Weak matrix
Which of the following statements best characterizes a cost or duration estimate developed with a limited amount of information?
It should be part of the planning for the needed management reserve.
It is an input to risk identification
It is an output of risk identification
It must be factored into the list of prioritized project risks
The primary advantage of using decision-tree analysis in project risk management is that it:
Considers the attitude of the decision maker toward risk
Forces consideration of the probability of each outcome
Helps identify and postulate risk scenarios for the project
Shows how risks can occur in combination
Risk score measures the
Variability of the estimate
Product of the probability and impact of the risk
Range of schedule and cost outcomes
Reduced monetary value of the risk event
You are managing the construction of a highly sophisticated, technologically complex, intruder-impenetrable data center in Port Moresby, Papua New Guinea. The data center will house more than 500 servers for one of the world's largest retailers who has decided to launch an e-business program in Asia. Although this location offers significant economic advantages, the threat of typhoons has caused you to create a backup plan to operate out of Manila in case the center is flooded. What type of risk response is this?
Passive avoidance
Mitigation
Active acceptance
Deflection
If a business venture has a 60% chance to earn $2 million and a 20% chance to lose $1.5 million, what is the expected monetary value of the venture?
($50,000)
$900,000
$300,000
$500,000
The Delphi technique is a particularly useful method for identifying risks to:
Present a sequence of decision choices graphically to decision makers
Define the probability of occurrence of specific variables
Reduce bias in the analysis and keep anyone person from having undue influence on the outcome
Help take into account the attitude of the decision maker toward risk
You are working on identifying possible risks to your project to develop a delicious and nutritious cat food that also can be used as a hamburger supplement. You want to develop a comprehensive list of risks that can be addressed later through qualitative and quantitative risk analysis. Although a number of possible techniques can be used, the one that is used most frequently in risk identification is:
Interviewing
Probability/impact analysis
Checklists
Brainstorming
Of the following types of historical information that can be used in risk identification, which is the least reliable?
Project files
Commercial databases
Project team knowledge
Lessons learned databases
Projects are particularly susceptible to risk because:
Murphy's law states that 'if something can go wrong, it will'
Each project is unique in some measure
Project management tools are generally unavailable at the project team level
There are never enough resources to do the job
Your stakeholders have asked for an analysis of the cost risk. All of the following are true except for which one?
Monte Carlo analysis is the preferred method to use to determine the cost risk
Monte Carlo analysis is a modeling technique
A traditional work breakdown structure can be used as an input variable for the cost analysis
A cost breakdown structure can be used as an input variable for the cost analysis
Your hardware vendor left you a voicemail saying that a snowstorm in the Midwest might prevent your equipment from arriving on time. She wanted to give you a heads-up and asked that you return the call. Which of the following statements is true? (Choose the best answer.)
This is a trigger
This is a contingency plan.
This is a residual risk.
This is a secondary risk.
You’ve identified a risk event on your current project that could save $100,000 in project costs if it occurs. Which of the following is true based on this statement? (Choose the best answer.)
This is a risk event that should be accepted, because the rewards outweigh the threat to the project.
This risk event is an opportunity to the project and should be exploited.
This risk event should be mitigated to take advantage of the savings.
This a risk event that should be shared to take full advantage of the potential savings.
You are the project manager for a new website for the local zoo. You need to perform Qualitative Risk Analysis. When you’ve completed this process, you’ll produce all of the following as part of the risk register update output except which one?
Priority list of risks
Watch list of low-priority risks
Probability of achieving time and cost estimates
Risks grouped by categories
Each of the following statements is true regarding the risk management plan except for which one?
The risk management plan is an output of the Risk Management Planning process.
The risk management plan includes a description of the responses to risks and triggers.
The risk management plan includes thresholds, scoring and interpretation methods, responsible parties, and budgets.
The risk management plan is an input to all the remaining risk-planning processes.
The information-gathering techniques used in the Identify Risk process include all of the following except _______________.
Root cause identification
Delphi technique
SWOT analysis
Checklist analysis

































































































































































Description:

Questions based upon Module 3

Discussion

Aditya

Didn't really get this... How and where is the answer mapping to PMBOK?

2001 days 4 hours 19 minutes ago

Wanda H PMP
PMP Certified Project Management Instructor and Coach
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