1 (1 point) b The majority of firms utilizing project management may typically experience any of c Constructing a building or facility the following except: Providing technical support Better control and customer relations d a Providing financial services Additional costs in rework and warranties b Improved coordination and a reduction in organizational complexity e Selection criteria for project selection include c d Question 4 (1 point) __________. Greater adherence to organizational policy and procedures Question 2 (1 point) When should the project manager be assigned? cost vs. benefits a risk b As early in the project as feasible. c a b c Preferably before much project planning has been done. At least prior to the start of project plan execution. contribution towards organizational goals rate of return d All of the above e Question 5 (1 point) All of the above. d Work performed toward achieving a long range Question 3 (1 point) goal is called a(n) ______________ An example of a project is: a Billing customers a Managing an organization b Projec t Proces s c Metho d all of the above e Question 8 (1 point) Status d Question 6 (1 point) Project management can be employed in a Projects sometimes get authorized, even though they may not be profitable when fully costed, because the project serves: wide variety of situations. The circumstance in which it is least necessary is: a b when cross functional solutions are needed to produce a deliverable when a deliverable must be produced according to a defined deadline As a means to develop new technology a b c when work is unique c d e To improve the organization's competitive position As a means to broaden a product line or a line of business All of the above d when a team is producing a one-of-a-kind deliverable Project management was born out of the need when work is routine and repetitively performed by the organization Question 7 (1 point) for a more efficient and effective means to accomplish goals for work of a defined time duration. The criteria for using a project management approach to perform work does A project is defined as __________. a a coordinated undertaking of interrelated activities directed toward a specific goal that has a finite period of performance b a large, complex undertaking with many objectives, multiple sources of funding and no discernable end point c an undertaking of interrelated activities directed toward a specific goal that can be accomplished in less than one year d a group of activities headed by a project manager who has cradle-to-grave life cycle responsibility for the end product not include __________. a b c d an ad hoc undertaking concerned with a single definable end product an undertaking that is routine and frequently performed by the present organization an undertaking that is of greater complexity of scope than normal an undertaking requiring quick response to change and value of time d e an undertaking with a high degree of interdependence among the tasks Question 10 (1 point) Question 2 (1 point) The ability to influence the direction of a project is greatest: Many times throughout the project, the project During the initiating phase manager will be asked by his management or the customer to give his personal forecast for a milestones or targets. The project manager should __________. During the planning phase b c During the execution phase a never give a personal assessment but defer the question until the official answer can be obtained d b give a personal assessment but can be certain to include many caveats to show the uncertainty of the answer c give an interim answer that includes the qualifier "I believe" until a better answer can be obtained Question 3 (1 point) d tell the asking party that the project policy precludes anyone from giving a personal assessment to avoid misunderstandings e be in a position to answer such questions in general at any time, but should take time to respond to questions requiring precise answers During the controlling phase In which type of organization(s) is the project Question 1 (1 point) What is a fundamental advantage gained by manager's role most likely part-time? Functional a b using a matrix organization in project work? Balanced Matrix Weak Matrix c More efficient communication a Strong Matrix d b Multiple managers to be used as resources A and C e Better use of physical facilities Question 4 (1 point) c A matrix organization is not appropriate for project work Project management specialists frequently distinguish between weak and strong matrix structures. The chief characteristics of a weak The WBS is __________. matrix is: a b team members are not fully trained to do the job the functional manager has relatively more influence in making decisions than the project manager a an organization oriented family tree of the project a task oriented family tree of the project b a cost center structure of the project c management reserve is rapidly being depleted re-baselining occurs frequently c d only required on large complex projects where separately identifiable work packages are difficult to construct. d none of the above project objectives are poorly defined e Question 7 (1 point) e Question 5 (1 point) The matrix organization is often used for a The matrix organization has two forms: the project because it offers advantages over a weak matrix and the strong matrix. The pure project organization for certain types of primary difference between these two forms is projects. The criterion / criteria for selecting a that __________. matrix organization is / are __________. a b the number of permanent people assigned to the project the number of functional staff assigned to the project large, complex projects a technically complex work b c c d e the organization always starts as weak and builds to strong a weak matrix is used only to plan the project d relative authority is exercised in the decision-making the need for diverse skills on a shortterm basis limited resources to implement the project e Question 6 (1 point) all of the above Question 8 (1 point) The organization structure that provides the project manager with the most authority over matrix structure a the project team is: functional structure Functional b c a projectized structure Weak matrix b ego-less structure c d Balance matrix Strong matrix d self-directed team structure e Question 1 (1 point) Projectized Key Project Management skills include: e Leading Question 9 (1 point) a Middle (functional) managers have the greatest influence in the direction of the project in which Communicati ng b type of organizational structure? c Negotiating Projectized a d Problem solving Strong Matrix b c Weak Matrix d Project Coordinator E.Project Expediter e Question 2 (1 point) The WBS is best described as a __________. Question 10 (1 point) In general, if a division's activities are focused All of the above schedule a on the achievement of a single major project, what is the way for it to structure its operation? method b c d tell the asking party that the project policy precludes anyone from giving a personal assessment to avoid misunderstandings e be in a position to answer such questions in general at any time, but should take time to respond to questions requiring precise answers organization task-oriented family tree of activities d process e Question 3 (1 point) Question 5 (1 point) A project is an endeavor with a well-defined The first step in building a schedule network is purpose that is: to: Ongoing and repetitive Create a flow chart a a Determine the critical path b c Show task relationships Create a WBS d b Started and ended on certain days during each month Unique and temporary c A combination of interrelated activities d Question 6 (1 point) Question 4 (1 point) Many times throughout the project, the project What is critical path? manager will be asked by his management or the customer to give his personal forecast for a The shortest path through the network, which represents the longest amount of time in which a project can be completed. milestones or targets. The project manager should __________. The path with zero float. b a never give a personal assessment but defer the question until the official answer can be obtained b give a personal assessment but can be certain to include many caveats to show the uncertainty of the answer c give an interim answer that includes the qualifier "I believe" until a better answer can be obtained c d The longest path through the network, which represents the shortest amount of time in which a project can be completed. The path with the most activities with the longest durations. b and c e Question 7 (1 point) Projects require certain amounts of people, In general, if a division's activities are focused on the achievement of a single major project, what is the way for it to structure its operation? funds and facilities called the _____________ matrix structure a Team a functional structure b Resources c b projectized structure c Stakeholde rs ego-less structure d Accounts d Question 8 (1 point) e self-directed team structure Question 10 (1 point) Project management can be employed in a wide variety of situations. The circumstance in Analogous estimating: which it is least necessary is: a when cross functional solutions are needed to produce a deliverable Uses bottom-up estimating techniques. a b when work is unique b when a deliverable must be produced according to a defined deadline c when a team is producing a one-of-a-kind deliverable d when work is routine and repetitively performed by the organization Uses the actual costs from a previous, similar project. e Is synonymous with top-down estimating. c d e Question 9 (1 point) A and B B and C Question 1 (2 points) List four common types of risks: Technical, resources, acts-of-god, and planning a c over-allocated b c Contingency, schedule, technical, and cost Private, positive, performance, and Technical causing team issues d Question 4 (2 points) Project Risk Management includes all of the d Technical risk, schedule risk, funding risk and cost risk following processes except: Question 2 (2 points) A contingency plan is a A planned response that defines the steps to be taken if an identified risk event should occur Risk Identification a Risk Response Planning b c A workaround Risk Management Planning b c A reserve used to allow for future situations which may be planned for only in part Risk Avoidance d Question 5 (2 points) The total time to perform a group of activities a and c d depends on which two factors? a and b Estimate and Resources e Question 3 (2 points) When project resources are ___________, project a Duration and Sequence b managers often need to look to ways to level the use of resources to ensure that a project can succeed. busy a d Workbreakdown structure and Resources Question 6 (2 points) over-qualified b Duration and Resources c A contingency plan is executed when: A risk is identified a Shorter a An identified risk occurs b Longer b c c When a workaround is needed All of the above d More responsive to customer needs More complex d Question 9 (2 points) b and c e An example of risk mitigation is: Question 7 (2 points) The major difference(s) between time- a Using proven technology in the development of a product to lessen the probability that the product will not work constrained scheduling and resource leveling is (are) a b c Purchasing insurance Time-limited scheduling reschedules based on late start dates, while resource leveling reschedules based on late finish dates b Eliminating the cause of a risk c Time-limited scheduling considers total float but resource leveling does not Time-constrained scheduling reschedules activities according to resource availability while resource leveling attempts to smooth out resource requirements by rescheduling Accepting a lower profit if costs overrun d a and b e Question 10 (2 points) A and C d What is the difference between critical path All of the above and critical chain scheduling? e a Question 8 (2 points) Resource leveling will often affect the project by making it: b Critical path is the only path through a network diagram Critical path is the longest amount of time in which a project can be completed. c d A critical path assumes unlimited budget dollars. The critical chain method takes limited resources into consideration and modifies the earliest completion time accordingly. You are the project manager of the Widget Design Project. Your project sponsor wants to know why you believe the planning process will last throughout the project. Of the following, which is the best answer? Question 1 (1 point) Time-constrained scheduling is best used when a there is negative total float a b c b resources can be better utilized by taking advantage of existing free float c a finish-to-start relationship exists The task relationship is not considered for time constrained scheduling You are not very familiar with speakers and will have to revisit the planning process often. The design of a new product requires planning throughout the closing process. The design of any project should allow the project manager and the project team to revisit the planning phase as needed. All processes within a project are iterative. d Question 4 (1 point) fast-tracking d Commonly traded organizational currencies do NOT include B and C e Question 2 (1 point) Task a Of the following, what does the project manager typically do the most of? Position b c Communications a Consens us Personal Budget management d b Question 5 (1 point) c Project organization The purpose of performing a backward pass is d Manage team negotiations Question 3 (1 point) to determine the critical path a diagram. Your answer is which one of the determine where there is slack b c determine where there is float determine the late finish d B, C, and D e following? a b The critical path is the path with the longest duration. c The critical path is always one path that cannot be delayed or the entire project will be delayed. d The critical path is the path from start to completion with no deviation from the project plan. Question 6 (1 point) Casey is the project manager for the XYZ The critical path is the network that hosts the activities most critical to the project's success. Question 8 (1 point) Project. It's currently behind schedule and Casey has elected, with management's approval, to fast track the critical path. This The affect of additional resources on the critical path process adds more what? (Choose the best answer.) a Cost a b is likely to reduce the project end date by creating parallel tasks is likely to require that a revised network diagram be created Time b is negligible c c Risk has the same effect as crashing this path d Documentati on d A, B, and D e Question 9 (1 point) Question 7 (1 point) You are the project manager for the LLL Project. Steven, a project team member, is confused Fast Tracking is also known as about network diagrams. Specifically, he wants to know what the critical path is in a network a overtime and contracting utilizing additional resources b Whether the project manager knew the delay was likely b c crashing Whether the delay was because of an unseen risk c concurrent engineering Who caused the delay and the reason why d d Question 2 (1 point) all of the above e Question 10 (1 point) You are the project manager of the Widget Design Project. Your project sponsor wants to You are the project manager for your know why you believe the planning process will organization. Influencing your organization last throughout the project. Of the following, requires which of the following? which is the best answer? a b c An understanding of the organizational budget Research and documentation of proven business cases An understanding of formal and informal organizational structures a b c Positional power d You are not very familiar with speakers and will have to revisit the planning process often. The design of a new product requires planning throughout the closing process. The design of any project should allow the project manager and the project team to revisit the planning phase as needed. All processes within a project are iterative. d Question 3 (1 point) Question 1 (1 point) A contract between an organization and a vendor may include a clause that penalizes the A disadvantage of outsourcing project work is: vendor if the project is late. The lateness of a project has a monetary penalty. Thus, the penalty should be enforced or waived based on Loss of control a Flexibility for smaller organizations which one of the following? b a Whether the project manager could have anticipated the delay c Faster project completion a Improved project control Flexibility of work schedule d Question 4 (1 point) b c Tasks using new technology may take longer Desirable job assignments than anticipated is known as ____________. All of the above. d Schedule risk a Question 7 (1 point) Private risk Fast Tracking is also known as b c Extended risk a Positive risk d overtime and contracting utilizing additional resources b c Question 5 (1 point) crashing Of the following, what does the project concurrent engineering manager typically do the most of? d Communications a all of the above e Question 8 (1 point) Budget management b When should risk identification be performed? c Project organization d Manage team negotiations (select best answer) During Concept Phase a Question 6 (1 point) During Development Phase Individual team contributions can best be b rewarded by: Letters of commendation During Implementation Phase c d Risk identification should be performed on a regular basis throughout the project Question 9 (1 point) When project resources are ___________, project managers often need to look to ways to level the use of resources to ensure that a project d The critical path is the path from start to completion with no deviation from the project plan. Question 1 (1 point) The relationship between the budgeted actual cost, actual work completed, and work planned will determine the: can succeed. Schedule estimate at completion a busy a Cost estimate at completion b over-qualified c Cost Performance Index b c over-allocated Schedule Performance Index d causing team issues d Both A and B e Question 10 (1 point) You are the project manager for the LLL Project. Question 2 (1 point) Steven, a project team member, is confused The final steps in the close-out phase generally about network diagrams. Specifically, he wants lead up to: to know what the critical path is in a network diagram. Your answer is which one of the following? a b c The critical path is the network that hosts the activities most critical to the project's success. The critical path is the path with the longest duration. The critical path is always one path that cannot be delayed or the entire project will be delayed. a project selection decision a a redefinition of project requirements b Customer acceptance c d a final review of the deliverable by the engineering review board a kick-off meeting e Question 3 (1 point) The Complete Cost Performance Indicator (TCPI) is a value that indicates: a Indices can provide an indication of the status of a project. In the earned values system, there b The efficiency at which the project team should be utilized for the remainder of the project. The variance of the project teams' actual performance is over 5. are two indices: Cost Performance Index (CPI) and Schedule Performance Index (SPI). The formula for CPI is __________. c The efficiency at which the project sponsor should improve The rate of completion to meet the project budget. EV / PV b d AC / EV a Question 6 (1 point) ______ is the estimated cost required to c EV/AC complete the remainder of the project. Estimate to complete (ETC) PV/ AC d a Question 4 (1 point) b Budget at Complete (BAC) c Lessons learned is a data collection method Estimate to Finish (ETF) used in which phase of the project a Administrative phase d Total Performance Index (TPI) b Project closure c Negotiation phase d Planning phase Question 5 (1 point) Question 7 (1 point) The level in the Project Management Maturity Model where no consistent project management process is in place is known as a Institutionalization of Project Management Formal Application of Project Management b During the six month update on a 1 year, $50,000 project, the analysis shows that the PV is $25,000; the EV is $20,000 and the AC is c Ad Hoc Project Management $15,000. What can be determined from these figures? Management of Project Management System d Question 8 (1 point) The project is behind schedule and over cost. a The measurement which best shows the difference between actual work and actual The project is ahead of schedule and under cost. b costs is The project is ahead of schedule and over cost. a Cost variance c b The project is behind schedule and under cost. Percent Over or under d c Schedule variance Question 1 (2 points) American project managers must accept and d respect the customs, value, philosophies and CPI social standards of their host country. This is called: Question 9 (1 point) Budget at completion (BAC) is: Culture a the total budget allocated to the project. a b c People is generally plotted over time. Say, like periods of reporting ( Monthly, Weekly etc. ) b c local traditions used to compute the Estimate At Completion ( EAC ) d local business practices Question 2 (2 points) All of the above. d Question 10 (1 point) The balanced scorecard model measures performance in four main areas: Customer, external, innovation & motivation, and financial a Learn to sidestep any red tape d Question 5 (2 points) Financial, earned value, vision & strategy, and competence b Concern about the local restrictions on toxic Customer, internal, innovation & learning, and financial c Vision, strategy, implementation, and employee satisfaction d waste is classified as which of the following environmental factors? Economic a Question 3 (2 points) Geographic A project is defined in the PMBOK as: b c a b c d A process of considerable scope that implements a plan Legal/politic al Infrastructu re A group of ideas managed in a coordinated way to obtain a desired outcome d A temporary endeavor undertaken to create a unique product or service A periodic document (e.g., biweekly, monthly) A collection of activities with a beginning and an end Question 4 (2 points) Question 6 (2 points) detailing time, cost, and resource performance is called: an engineering change proposal (ECP) a When working in Saudi Arabia, it is advised that a project manager: a status report b c a work authorization Use patience in business negotiations a Show your project management superiority b c Introduce your family to team members the project charter d Question 7 (2 points) Career issues in the field of Project Management include a a no set career path for becoming a project manager Has more than one project manager b b the temporary nature of project management assignments Uses software to guide project plans c professional training and certification c Is a project-driven organization d the use of mentors d Question 10 (2 points) Which of the following is an unlikely source of all of these are career issues training to improve project management skills? e Question 8 (2 points) in-house training a When working in Mexico, it is advised that a on-the-job training project manager: b c Pay attention to a person's title trade magazines Learn to siesta daily all of these are potential sources a b c Provide Spanish/English dictionaries to the team Introduce your family to team members. d Question 9 (2 points) A project office is most appropriate for an organization that: Uses balanced scorecard to measure project performance d