New Semester
Started
Get
50% OFF
Study Help!
--h --m --s
Claim Now
Question Answers
Textbooks
Find textbooks, questions and answers
Oops, something went wrong!
Change your search query and then try again
S
Books
FREE
Study Help
Expert Questions
Accounting
General Management
Mathematics
Finance
Organizational Behaviour
Law
Physics
Operating System
Management Leadership
Sociology
Programming
Marketing
Database
Computer Network
Economics
Textbooks Solutions
Accounting
Managerial Accounting
Management Leadership
Cost Accounting
Statistics
Business Law
Corporate Finance
Finance
Economics
Auditing
Tutors
Online Tutors
Find a Tutor
Hire a Tutor
Become a Tutor
AI Tutor
AI Study Planner
NEW
Sell Books
Search
Search
Sign In
Register
study help
business
project management for small projects
McGraw-Hill Education PMP Project Management Professional Exam 1st Edition Henrique Moura - Solutions
A buyer wants to send a formal invitation to potential vendors. The buyer wishes to receive offers similar in scope and make a selection based on price. Which of the following should he prepare?A. Request for proposal B. Invitation for bid C. Statement of work D. Request for quotation
The project is behind schedule. Who has the responsibility of managing the situation?A. Project manager B. Senior management C. Project management team D. Team
The WBS can help:A. Manage scope B. Communicate with project stakeholders C. Develop project team D. All of the above
Which of the following statements regarding the project scope statement is correct?A. It is developed by the customer and used as an input during scope definition.B. It describes the buyers’ needs to potential suppliers.C. It is prepared by the project management team with the input of relevant
All of the following can be used to calculate EAC, EXCEPT:A. BAC / CPI B. ETC + AC C. AC + (BAC – EV) / CPI D. ETC + (BAC – EV)
The main concern of the collect requirements process is:A. Identifying stakeholders and managing their engagement B. Understanding and prioritizing stakeholders’ needs C. Establishing an agreement on project scope with relevant stakeholders D. Defining resource requirements
A numbering system used to provide a unique identification number to each element of the WBS is a:A. Chart of accounts B. Control account plan C. Code of accounts D. WBS dictionary
You have just collected the following project performance information:• PV = 1,500,000• EV = 1,100,000• AC = 1,000,000 If the project BAC = 2,000,000, what is the project ETC?A. 818,182 B. 828,182 C. 1,818,182 D. 1,828,182
Which of the following is NOT a legal requirement to consider a contract valid?A. Legal purpose B. Offer and acceptance C. Consideration D. Negotiation
The stimulus for initiating a project can be all of the following EXCEPT:A. Project charter B. Customer request C. Process improvement opportunities D. Political decision
Helping the team build consensus through discussion and the use of multiple perspectives from the different team members is an example of what type of conflict resolution technique?A. Consensus management B. Compromise C. Problem solve D. Smooth
If the CPI is 0.8, SPI is 1.1, and BAC is 10,000, what is the project EAC?A. 8,000 B. 20,000 C. 12,500 D. There is not enough information.
Which of the following contracts would minimize the buyer’s cost risk if the project scope is well known?A. Cost plus incentive fee (CPIF)B. Cost plus award fee (CPAF)C. Firm fixed price (FFP)D. Cost plus percentage of cost
You have just obtained the final sign-off on your 12-month project, after completing all the work required by the customer. You are now updating the organization historical information knowledge base. Which of the following statements is correct?A. The project is closed because formal acceptance
Which of the following is a disadvantage of a matrix organization?A. Team members possibly losing their jobs at the end of the project B. Lack of a clear career path C. Specialized resources duplicated by project D. Difficulty in allocating resources
All of the following can approve the project charter EXCEPT:A. Senior management B. Program manager C. Portfolio manager D. Project manager
Which of the following options is NOT a possible result of a contract breach?A. Letter of default B. Punitive damages C. Terminated contract D. Letter of intent
You have just completed the project schedule. Before submitting it for approval, you should prepare:A. Contingency reserve B. WBS C. Schedule data D. All of the above
You want to use a steady amount of resources each month, but you do not want to change the project completion date. What technique should you use?A. Crashing resources B. Resource smoothing C. Resource leveling D. Histogram
Which of the following is NOT included in the change management plan?A. Which project documents are subject to formal change control B. Role of the change control board C. A list of approved change requests D. Procedure that enables an automatic approval of changes in case of emergency
All of the following are part of configuration management EXCEPT:A. Identify and document specific product elements B. Audit specific product elements to verify their conformance to requirements C. Identify risks regarding the development of product elements D. Control the development of specific
In order to collect project requirements, the project manager has sent questionnaires to a number of stakeholders. Once the ideas have been collected and processed, they will be sent back to stakeholders for a new feedback iteration. The process will be repeated until a meaningful consensus is
Which of the following statements regarding scope management is correct?A. Scope changes should be avoided.B. Workshops enable a swift collection of requirements.C. The WBS is a list of activities.D. The sponsor should approve all scope changes.
You have prepared a WBS and a project schedule. What should you do NEXT?A. Send the schedule for approval.B. Determine the budget.C. Estimate costs.D. Reconcile funding limits.
Which of the following aims to eliminate causes of quality defects?A. Plan quality management B. Perform quality assurance C. Control quality D. Process analysis
The project schedule should be distributed:A. To the customer and the team B. To the customer and the sponsor C. To all stakeholders D. According to the communications management plan
All of the following are true about quality management EXCEPT:A. The team focus should be on designing quality into the project instead of inspecting.B. The quality assurance team is the ultimate responsible for project quality.C. Quality may refer to project, process, or product.D. The project
How does quality management classify quality costs?A. Plan quality, quality assurance, and quality control costs B. Conformance and nonconformance costs C. Fixed and variable costs D. Direct and indirect costs
Which of the following statements regarding analogous estimating is FALSE?A. It is not a type of expert judgment.B. It can be applied to both project and activity levels.C. It establishes management expectations.D. It uses information regarding similar projects.
Which of the following options regarding a rough order of magnitude(ROM) estimate is NOT TRUE?A. It usually ranges from –50 percent to +50 percent from the most likely estimate.B. It establishes expectations.C. Its precision level may be defined in the cost management plan.D. It’s prepared
A formal document that describes the products and services that should be provided by the project is known as:A. Business case B. WBS C. SOW D. Scope statement
Activity A has a duration of 8 and can start anytime. Activity B has a duration of 10 and can start after activity A. Activity C has a duration of 4 and can start after activity A. Activity D has a duration of 8 and can start after activity C. Activity E has a duration of 6 and can start after
Which of the following sets of processes is part of the planning process group?A. Develop project management plan and identify stakeholders B. Estimate costs and perform quantitative risk analysis C. Plan procurement and perform quality assurance D. Plan communications management and acquire
When should you use a weighting system instead of a screening system?A. When you need faster results B. When you want to exclude suppliers that do not meet a specific requirement C. When you need to prioritize suppliers according to criteria D. When you want to contact a short list of suppliers
The customer is extremely pleased with the quality of the project that went well beyond what was planned. How would you describe the project’s performance?A. There is not enough information.B. It was a success because the customer is happy.C. It was unsuccessful.D. It was a success because the
In a project running in a matrix organization, who is accountable for the overall procurement process?A. The project team member performing the procurement activities B. The project manager C. Management D. The procurement manager
Which of the following tools is NOT used to define responsibilities?A. Responsibility assignment matrix B. Organizational breakdown structure C. Staffing management plan D. Resource breakdown structure
The project with an initial budget of 50,000 has an estimate at completion of 60,000. If a new change request is authorized with a budget of 5,000, what is the revised budget for the project?A. 50,000 B. 55,000 C. 60,000 D. 65,000
Before starting the development phase of an IT project, you are working to ensure that the design phase was completed according to the project management plan. You are involved in:A. Initiating B. Executing C. Monitoring and controlling D. Closing
In which of the following options is your contract complete?A. All deliverables have been completed as contracted, but the customer is not happy.B. All deliverables have been completed as contracted, but there are still open claims.C. Some contracted project management deliverables have not been
A product development project requires the help of a senior marketing expert to design the communication campaign. How should the project manager proceed if the only available expert can be assigned to the project only in a specific time frame?A. Use the critical chain method.B. Use the Monte Carlo
Which of the following is NOT a control quality tool or technique?A. Run chart B. Sampling C. Inspection D. Benchmarking
Which of the following is LEAST related to schedule risk?A. A complex and risky activity is on the critical path B. Multiple critical paths C. Multiple paths converging into a single activity D. An activity with a free float of zero
The profit in a CPIF contract is:A. Known from the start of the contract B. Determined by fixed fee plus incentive fee C. The target fee D. Determined by the difference between the actual cost and target cost
All of the following are benefits of using risk categories in risk management EXCEPT:A. Defining an approach for managing risks B. Easier reporting C. Easier access to risk historical information D. Displaying risks in a risk breakdown structure
All of the following are correct for a process under control EXCEPT:A. Measurements are within control limits.B. It does not require further inspection.C. It can be improved.D. It has variation caused by common causes.
A team member determines that a new approach is needed to complete a work package. Who has the responsibility to manage the situation?A. Project manager B. Management C. Functional manager D. Team member accountable for the work package
Which of the following is NOT TRUE regarding reserve analysis?A. The project manager should prevent changes to the established reserve.B. It is part of the control risk process.C. It can be applied to both time and cost.D. It compares the amount of contingency reserves available to the amount of
Risks that remain after risk response planning are:A. Force majeure risks B. Residual risks C. Pure risks D. Secondary risks
What does a negative float mean?A. A schedule delay is affecting another project on the same program.B. The project has high risk.C. The project started before the planned date.D. The scheduled completion date is after an imposed deadline.
_____________ can help define what is accepted and what is not accepted as team behavior, reducing conflict and improving productivity.A. Staffing management plan B. Recognition and rewards system C. Ground rules D. Roles and responsibilities
Activity A has a duration of 8 and can start anytime. Activity B has a duration of 10 and can start after activity A. Activity C has a duration of 4 and can start after activity A. Activity D has a duration of 8 and can start after activity C. Activity E has a duration of 6 and can start after
How can the management reserve be used in risk management?A. Manage unknown-unknowns.B. Manage risks identified by management.C. Manage known-unknowns.D. Account for profit.
What is the role of focus groups in the collect requirements process?A. Stakeholders discuss ideas to generate a solution with the help of a moderator.B. Requirements are organized into groups for easier management.C. Requirements are collected based on an unrestrained exchange of ideas.D.
You are about to move on to determining the budget estimate. Which of the following do you NOT need as an input?A. WBS B. Cost baseline C. Basis of estimate D. Project schedule
You have just been nominated to manage your first project. To manage it more effectively, you should rely on organizational process assets. Which of the following options is NOT an organizational process asset?A. Corporate knowledge base B. Project management procedures and templates C. Lessons
Earned value (EV) is also known as:A. Budgeted cost of work scheduled B. Actual cost of the work completed C. Budgeted cost of work completed D. Net present value of the project cash flows
Team members are starting to feel uneasy. They have all been hired on a contract basis, and the project is approaching its completion date. The project is running in _____________________.A. A projectized organization B. A functional organization C. A matrix organization D. A program context
What is the MAIN benefit of colocating project team members within a matrix organization environment?A. Reduces communications costs and improves team building B. Improves resource allocation C. Improves change control D. Reduces conflict
Which statement best describes the role of assumptions in the project management effort?A. Assumptions are documented in the scope statement or in an independent log, and are used for risk identification and risk monitoring purposes.B. Assumptions are documented in the project charter and are used
To provide good customer service in a restaurant, a table should be thoroughly prepared before a new customer is seated. This is an example of:A. A mandatory dependency B. A discretionary dependency C. Lag D. Start-to-start dependency
A fixed price incentive fee contract has been established with the following parameters:• Target cost: 2,000,000 Target fee: 100,000• Sharing ratio: 60%/40% Price ceiling: 2,200,000 What is the point of total assumption?A. 2,166,667 B. 2,200,000 C. 2,225,000 D. 2,500,000
After completing the WBS, the activity list, and the network diagram, the project manager estimated activity durations. What has he done wrong?A. Forgot to level the resources B. Did not optimize the project schedule C. Did not involve the project team D. Forgot to analyze the overall schedule risk
You have already completed activity sequencing, what should you do NEXT?A. Estimate activity durations.B. Estimate activity resources.C. Develop the project schedule.D. Compress the project schedule.
The control scope process can include all of the following activities EXCEPT:A. Validating deliverables B. Identifying scope changes C. Preventing the team from completing work that is not included in the project scope D. Comparing actual scope performance with the baseline
Which of the following options is NOT an input of the collect requirements process?A. Scope management plan B. Scope statement C. Requirements management plan D. Stakeholders’ register
Which of the following communication types is MORE suited to deal with conflict between two team members?A. Formal written B. Formal oral C. Informal written D. Informal oral
How does data quality impact risk management?A. It impacts the overall project risk ranking.B. It provides information on the risk impact on quality objectives.C. It provides information on the likelihood of meeting project objectives.D. It provides information on how much you know about the risk.
The product scope:A. Is progressively elaborated throughout the project B. Defines the complete scope of work C. Is defined in the project work breakdown structure (WBS)D. Defines the project business need
A project is running out of funds. Who has the responsibility to manage the situation?A. Project manager B. Senior management C. Functional manager D. Sponsor
In which circumstances would you use a nominal group technique (NGT)?A. When you need to present a model to key stakeholders and obtain feedback B. When you need to gather information from large populations C. When you need to reach a consensus through an anonymous process D. When you need to make
Variance analysis is a tool and technique for:A. Collecting requirements B. Defining scope C. Validating scope D. Controlling scope
You need to quickly provide a preliminary cost estimate of a construction project. How should you proceed?A. Provide an analogous estimate.B. Estimate the work packages’ costs and aggregate them into an overall estimate.C. Wait until there is enough information for an accurate and detailed
Which of the following is LEAST relevant for reviewing a procurement claim?A. Negotiation meeting minutes B. Approved contract changes C. Contract D. Procurement management plan
An activity has an optimistic duration of 10 days, a most likely duration of 13 days, and a pessimistic duration of 22 days. What is the PERT standard deviation of the activity?A. 2 B. 4 C. 12 D. 14
The contracting officer wants to exempt the company from fulfilling their obligations should certain uncontrollable events occur. The contract should:A. Specify unknown unknowns B. Include a force majeure clause C. Include a termination for convenience cause D. Include an incentives system
Which of the following BEST describes successful quality management?A. A happy customer B. Meeting requirements C. High conformance costs D. Low nonconformance costs
Which of the following is NOT part of the executing process group?A. Completing work packages B. Distributing information about the project C. Holding a project kickoff meeting D. Using an issue log to manage project issues
Requiring a certified PMP to award a contract is an example of:A. Weighting system B. Screening system C. Performance requirement D. Constraint
How does a risk reassessment differ from a risk audit?A. A risk audit is conducted only at the end of the project.B. A risk reassessment is focused on the overall project risk, while a risk audit is focused on the individual risk.C. A risk reassessment is focused on individual risks, while the risk
A project with a baseline cost of 100,000 and a total funding of 115,000 has a ________________ of 15,000.A. Management reserve B. Negative cost variance C. Profit D. Positive cost variance
During scope definition meetings, your team is facing conflict among key stakeholders. Your key concern is to find a long-term resolution for the scope definition conflicts. Which of the following is your BEST option?A. Compromise B. Consensus C. Collaborate D. Withdraw
A project deliverable is often developed by multiple organizational units.Which WBS element can be used to assign work responsibilities to organizational units?A. Control accounts B. Organizational breakdown structure (OBS)C. Responsibility assignment matrix (RAM)D. Work packages
An organization that has typical characteristics of a matrix organization and yet is partially projectized is known as a ________________.A. Performing organization B. Project management office (PMO)C. Composite organization D. Strong matrix
Which of the following is NOT an output of the define activities process?A. Milestone list B. Activity attributes C. Work packages D. Activity list
While painting your house, you know the paint takes four hours to dry.Once the paint is dry, you will hang the pictures on the wall. To correctly sequence the work, you need to do which of the following?A. Add a lag time of four hours to the painting activity.B. Add a lead time of four hours to the
Which of the following is NOT an input to the identify risks process?A. Expert judgment B. Scope baseline C. Organizational process assets D. Risk management plan
Which of the following would NOT help develop a project team?A. Hold a kickoff meeting.B. Organize a milestone party.C. Develop a project logo.D. Use virtual teams.
Which of the following is an example of a cost management assumption?A. Technology will be available to support an advanced requirement.B. Hardware will be delivered in late August.C. There are enough funds to complete the project.D. Resources will be trained before starting the project.
Activity A has a duration of 8 and can start anytime. Activity B has a duration of 10 and can start after activity A. Activity C has a duration of 4 and can start after activity A. Activity D has a duration of 8 and can start after activity C. Activity E has a duration of 6 and can start after
Which of the following is TRUE regarding a control account?A. It’s a WBS numbering system.B. It’s used to manage cost at specific levels of the WBS.C. It’s used to prevent the project from going through the next phase without formal approval.D. It’s part of the company chart of accounts.
Standard compensation, additional to direct wages, formally given to all employees is also known as ________________.A. Rewarding authority B. Fringe benefits C. Perquisites D. Recognition and rewards systems
Earned value (EV) minus planned value (PV) equals ________________.A. Schedule variance (SV)B. Cost variance (CV)C. Estimate to complete (ETC)D. Schedule performance index (SPI)
Calculating late start and late finish dates by working backward through the network diagram is known as:A. Schedule compression B. Backward pass C. Reverse scheduling D. Reverse leveling
All of the following are part of the control costs process EXCEPT:A. Identify changes to the cost baseline.B. Monitor cost risks.C. Determine actual costs.D. Forecast future costs.
The customer has requested a scope change that can be implemented with no impact on the project schedule. You are also aware that implementing such change could greatly improve your relationship with the customer.What should be done NEXT?A. Implement the change and update the project management
Lessons learned are part of which process group?A. Planning B. Executing C. Closing D. All of the above
The estimate costs process is defined as:A. Adding up cost estimates to create a cumulative time-phase budget B. Estimating all costs according to the resources required to perform the project activities C. Comparing actual cost performance to the plan and managing changes to the cost baseline D. A
Your team has collected requirements from stakeholders and is about to prepare requirements documentation. Which of the following should NOT be part of the requirements documentation?A. Functional requirements B. Requirements management approach C. Quality requirements D. Business need
The seller has failed to provide the buyer a contracted deliverable. How should the buyer proceed?A. Send a letter formalizing the default and meet with the supplier to identify a corrective action.B. Terminate the contract.C. Inform the supplier that such conduct is unacceptable.D. Request a
Showing 100 - 200
of 5917
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Last
Step by Step Answers
Get 50% OFF
Claim Now
