21. A project manager is in the middle of executing a large construction project when he discovers the time needed to complete the project is longer than the time available. What is the best thing to do? A. Cut product scope B. Meet with management, and tell them the required date cannot be met C. Determine options for schedule compression, and present management with the recommended option D. Work overtime 22. Monitoring costs expended to date in order to detect variances from the plan occurs during: A. The creation of cost change control system B. Recommending corrective actions C. Updating cost baseline D. Project performance reviews 23. The primary function of the closing processes is to perform all of the following except which one? A. Formalise lessons learned and distribute this information to project participants B. Complete all activities associated with closing out the project C. Validate that the deliverables are complete and accurate D. Ensure all project work is complete and accurate 24. According to the PMBOK Guide, the project manager is identified and assigned during which process? A. During the Develop Project Charter process B. At the conclusion of the Develop Project Charter process C. Prior to beginning the planning process D. Prior to the beginning the Define Scope process 25. Which of the following statements is true regarding risks? A. Risks might be threats to the objectives of the project B. Risks are certain events that may be threats or opportunities to the objectives of the project C. Risks might be opportunities to the objectives of the project D. Risks have causes and consequences E. A, C, D 26. Which performance measurement tells you what the projected total cost of the project will be at completion? A. ETC B. EV C. AC D. EAT 27. People are motivated by the need for achievement, power or affiliation according to which theory? A. Expectancy theory B. Achievement theory C. Contingency theory D. Theory X 28. You are embarking on a new technology upgrade project that is considered key to future growth of the business. Because of the critical nature of the project, you recognise the importance of performing thorough risk management, and you want to make sure you have considered all relevant project information before beginning. All the following are always inputs to the risk management process except: A. historical information B. Lesson learned C. Work breakdown structure D. Project status report 29. Risk threshold are determined to help: A. The team rank the project risk B. The project manager estimate the project C. The team schedule the project D. Management know how other managers will act on the project 30. You have identified several risks on your project for which purchasing insurance is a possibility. The insurance company your firm uses has quoted reasonable rates, and your analysis shows that purchasing insurance makes sense as a contingency plan in these cases. Your organisation has a low threshold for risks but wants to keep costs in line as the profit margin on the product of this project is low. The strategy of purchasing insurance is best considered an example of: A. Escalation B. Transference C. Acceptance D. Avoidance 31. Outputs of the

30. You have identified several risks on your project for which purchasing insurance is a possibility. The insurance company your firm uses has quoted reasonable rates, and your analysis shows that purchasing insurance makes sense as a contingency plan in these cases. Your organisation has a low threshold for risks but wants to keep costs in line as the profit margin on the product of this project is low. The strategy of purchasing insurance is best considered an example of: A. Escalation B. Transference C. Acceptance D. Avoidance

50. Procurement closure is different from the Close Project or Phase process in that procurement closure: A. Occurs before Close Project or Phase B. Is the only one to involve the customer C. Includes the return of property D. May be done more than once for each contract 51. You have been tentatively assigned to a project that has not yet received final approval. Several stakeholders will likely be involved or impacted by the project have been identified. Stakeholders can be identified during which project management process group? A. Initiating, planning, executing, and monitoring and controlling B. Initiating and planning C. Planning and monitoring and controlling D. Monitoring and controlling and closing 52. Which of the following statements best describes how stakeholders are involved on a project? A. They help to determine the project schedule, deliverables and requirements B. They help to determine the project constraints and product deliverable C. They help to determine the resource needs and resource constraints on the project D. They approve the project charter, help provide assumptions, and create the management plans 53. You are working on a project that requires the use of a stakeholder engagement assessment matrix. This tool can be used to identify: A. Additional stakeholders B. Variances from anticipated stakeholder involvement C. Key relationships between stakeholders D. Skills level stakeholders 54. In managing a change-driven project, which aspect of stakeholder management is most important? A. Making sure the team members are fully occupied at all times B. Planning the team members interaction with other stakeholders C. Leaving the team alone to solve their own problems D. Ensuring shared understanding of the project goals

55. The project manager is trying to recall a stakeholders preferred communication method. Where can she find that information? A. RACI chart B. Stakeholder engagement assessment matrix C. Stakeholder engagement plan D. Resource management plan 56. The key objective of stakeholder management is: A. Communication B. Coordination C. Satisfaction D. Relationships 57. The degree to which a particular stakeholder may be able to positively or negatively affect a project is their: A. Level of engagement B. Level of interest C. Level of commitment D. Level of influence 58. A stakeholders belief about or mental picture of the future is a(n)_____. A. Requirement B. Heuristic C. Expectation D. Constraint 59. On an agile project, who is responsible for prioritising the product backlog and keeping those priorities updated: A. The project manager B. The product owner or customer C. Any interested stakeholder D. The team leader 60. A Work Breakdown Structure can best be thought of as an effective aid for _____ communications. A. Team B. Project manager C. Customer D. Stakeholder