Project Management Knowledge Test
To get accurate feedback it is important that you answer each question honestly, thinking about your current situation, not how you wish to be in the future. Think about how you rate your skills and abilities compared to other people around you.
During testing, multiple defects were identified in a product. Which tool can be used by the project manager overseeing this product development to help prioritize the problems?
Order of magnitude estimate
Officially, what creates the project?
The project initiation document.
The project charter
The kickoff meeting
The statement of work
Your team is fully engaged and working hard on their assigned project tasks when one team member discovers a risk that was not identified during risk planning. What is the first thing to do?
Halt work on the project
Update the risk management plan
Look for ways to migrate the risk
Assess the risk
Who should develop the activity duration:
The person or team doing the work
The project manager
The majority of the project budget is expanded on:
Project plan development
Project plan execution
Integrated change control
Project integration is primarily the responsibility of:
The project team
The project manager
The project sponsor
An end user has just requested a minor change to the project that will not impact the project schedule. How should you, the project manager respond
Authorize the change quickly to ensure that the schedule can truly remain unaffected
Deny the change to help prevent scope creep
Evaluate the impact of the change on the other project constraints
Submit the change request to the customer for approval
In which group of processes should the project manager be assigned his or her role in the project?
A statement of work is:
A type of contract
A description of the project’s product
Necessary for every project.
A description of the part of a product to be obtained from an outside vendor
If a project scope requires goods and services that must be obtained outside the project what management process will be used in obtaining them?
Project contract management
Project solicitration management
Project procurement management
Project source management
Quality management theory is characterized by which of the following statements:
Inspection is the most important element for ensuring quality
Planning for quality must be emphasized
Contingency planning is a critical element of quality assurance
Quality planning quantifies efforts to exceed customer expectations
Your company’s CIO has requested a meeting with you and two other project managers for a status update on your various projects. What is the best document you can bring with you to this meeting:
The milestone chart for this project
The network diagram for this project
Copies of the most recent status reports from the team members.
The project charter
Resources are estimated against which entity:
The work packages
The schedule activities
The scope baseline
The level set by the project office
Analogous estimating uses:
Estimates of individual activities rolled up into a project total
Actual costs from a previous project as a basis for estimates
Computerized estimating tools
Parametric modeling techniques
Control charts are:
Used in product review
Used to chart a project’s expected value
Used to determine if a process is in control
Used to define a statistical sample
Which of the following statements regarding stakeholders is TRUE?
They have some measurable financial interest in the project
There needs should be either qualified or quantified
Key stakeholders participate in the creation of the stakeholder management plan
They may either be positively or negatively affected by the outcome of the project
In a functional organizations:
Power primarily lies with the project manager
Power primarily lies with the functional manager
Power is blended between functional and project manager
Power primarily lies with the project office
A manager who follows Theory X believes:
Employees can be trusted to direct their own efforts
Project success requires that project objectives must align with company objectives
Workers must be closely supervised because they dislike work
Effective quality management requires the use of performance measurement.
Which of the following types of conflict resolutions provides only a temporary solution to the problem?
You have a team member who is habitually late to meetings with the customer. The customer has expressed dissatisfaction with the situation and has asked you to resolve it. Your BEST course of action is:
Issue a formal written reprimand to the team member
Meet with the team member to discuss the problem and ask for solution
Meet with the team member and the customer to promote further understanding
Email the team member to bring the situation to his attention
Analogous estimating is also called:
Vendor bid analysis
Scalable model estimating
Decomposition is a technique used in:
Estimate activity duration
Maslow’s hierarchy of Needs theory concludes that:
Higher needs cannot be realized until the lower needs are satisfied
Hygiene factors are those that provide physical safety and emotional security
Psychological needs for growth and fulfillment are ineffective motivators
The greater the financial reward, the more motivated the workers will be
A project is all of the following EXCEPT:
Has never been done by this organization
Something that creates a product, service or result
Strategic to the company
Team performance assessments are made during which processes?
Human resource planning
Acquire project team
Develop project team
Manage project team
The system that supports all aspects of the project management processes from initiating through closing is:
The information distribution system
The project management information system
The work authorization system
In a typical project, most of the resources are utilized and expended during:
Monitoring and controlling process
The activity list should include:
The schedule activities on the project that are on the critical path
A subset of all schedule activities
All of the schedule activities defined on the project
A superset of the schedule activities for this and related projects.
Close Project or Phase should be performed:
At the end of project
Before formal acceptance of the project’s product
As a safeguard against risk
By someone other than the project manager
Release criteria for team members is defined as part of:
The organizational management plan
The human resource management plan
The staffing management plan
The work authorization management plan
Which of the following BEST describes the project plan?
A formal, approved document used to guide project execution, control, and closure
The aggregate of all work performed during planning
The work breakdown structure, schedule management plan, budget, cost management plan and quality management plan
The document that outlines all of the work and only the work that must be performed on a project
Which of the following is NOT a primary goal of Perform Integrated Change Control?
Influencing factors that cause change.
Determining that a change has occurred
Managing change as it occurs
Denying change whenever possible
“The features and attributes that characterize a product “describe which of the following?
The product scope
The project scope
The work breakdown structure
The critical success factors
Approved budget increase should be:
Added to the schedule management plan
Added to project’s cost baseline
Added to the project’s reserve fund and used only if needed
Added to the lessons learned
An organization where the project manager is in charge of the projects and has primary responsibility for the resource is:
Your original plan was to construct a building with six stories, with each story costing $150,000. This was to be completed in four months; however, the project has not gone ad planned. Two months into the project, earned value is $400,000. What is the budget as completion?
One of your team members have discovered a way to add an extra deliverable to the project that will have minimal impact on the project schedule and cost. The project cost performance index is 1.3 and the schedule performance index is 1.5. The functionality was not included in the scope. How should you spread?
Conform to the project scope and do not add the deliverable
Deliver the extra work to the customer since it will not increase their costs
Reject the deliverable because you are behind schedule
Ask senior management for a decision
Which of the following is NOT used in initiating a project?
Project statement of work
Enterprise environmental factors
Earned value analysis
Which of the following is NOT an input into scope definition?
Organizational process assets
A commercial real-estate developer is planning to build a new office complex. He contracts with the construction firm to build one of the buildings for the actual cost of providing the materials and services plus a fixed fee for profit. What type of contract does this scenario represents.
Time and materials
Your team has identified a component that they need for a project. There is some concern that they have never constructed a component like this one, but there are similar components available from sellers. Which of the following procurement activities would be most appropriate to perform?
Float refers to:
A method for decreasing risk on a project
How long an activity can be delayed without affecting the critical path
A time lapse between a project communication and the response that follows
The difference between the budgeted cost and actual cost
If a task has been estimated at O= 4 days, P= 9 days, and M= 7, what is the standard deviation?
5/6 of a day
1/3 of a day
1/2 of a day
Scatter diagrams, flowchart, run diagrams, control charts and inspection are all techniques of what quality process?
Perform quality control
Perform quality execution
Define quality Metrics
Your company must choose between two different projects. Project X has a net present value of $100,000. Project Y has a net present value of $75,000. What is the opportunity cost of choosing Project X?
You have asked a team member to estimate the duration for a specific activity, and she has reported back to you with three estimates. The best case scenario is that the activity could be completed in 18 days; however, her most likely estimate for the task is 30 days. She has also indicated that there is the possibility the task could take as long as 60 days. What is the three point estimate for this task?
You have received a report showing that your overall schedule performance index is 1.5. How should you interpret this information?
You are earning value into your project at 1.5 times the rate you had planned
You are spending $1.50 for every dollar you planned to spent at this point in the schedule
You are earning $1.50 of value back into your project for every $1.00 you spend
You are earning $0.67 of value back into your project for every $1.00 you planned to earn
If the schedule variance = $0.00, what must also be true?
Earned value must be equal to planned value
The cost performance index must be equal to 1
The schedule performance index must be greater than 1
The estimate at complete must be equal to budgeted at complete
You are managing a project to construct 25 miles of highway at an estimated cost of $1.2 million per mile. You have projected that you should be able to complete the project in 5 weeks. What is your planned value for the end of the 3rd week of the project?
Who is responsible for providing funding for the project?
The qualified financial institution
The project manager
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