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project management for small projects
PMP Project Management Professional Study Guide 1st Edition Joseph Phillips - Solutions
You are the project manager of a construction project scheduled to last 24 months. You have elected to rent a piece of equipment for the duration of a project, even though you will need the equipment only periodically throughout the project. The costs of the equipment rental per month are $890.
You are the project manager for the CSR Training Project, and 21,000 customer service reps are invited to attend the training session. Attendance is optional. You have calculated the costs of the training facility, but the workbook expense depends on how many students register to the class. For
You are the project manager for the consulting company. Your company has two possible projects to manage, but they can only choose one. Project KJH is worth $17,000, while Project ADS is worth$22,000. Management elects to choose Project ADS. The opportunity cost of this choice is which one of the
You are the project manager of the JHD Project. Your project will cost your organization $250,000 to complete over the next eight months. Once the project is completed, the deliverables will begin earning the company $3,500 per month. The time to recover the costs of the project is which one of the
You are the project manager of the MNJ Project. Your project is falling behind schedule and you have already spent $130,000 of your $150,000 budget. What do you call the $130,000?A.Planned value B.Present value C.Sunk costs D.Capital expenditure
You are the project manager for the construction of a new hotel. Before you begin the cost budgeting process, what is needed?A.Costs estimates and project schedule B.Cost estimates and supporting detail C.EAC and BAC D.Parametric model used to arrive at the costs submitted
What is the present value if the organization expects to make $100,000 four years from now and the annual interest rate is six percent?A.$100,000 B.$58,000 C.$25,000 D.Zero
You and your project team are about to enter a meeting to determine project costs. You have elected to use bottom-up estimating and will base your estimates on the WBS. Which one of the following is not an attribute of bottom-up estimating?A.People doing the work create the estimates.B.Creates a
You have just started a project for a manufacturer. Project team members report they are 30 percent done with the project. You agree with their completion status but do not change any of the progress in your report to the customer. This is an example of which one of the following?A.50/50 rule
Which one of the following is true?A.The cost management plan controls how change management affects the BAC.B.The cost management plan controls how cost variances will be managed.C.The cost management plan controls how the project manager may update the cost estimates.D.The cost management plan
Which one of the following provides the least accurate in estimating?A.Rough order of magnitude B.Budget estimate C.Definitive estimate D.WBS estimate
You are the project manager for a technical implementation project. The customer has requested that you factor in the after-the-project costs, such as maintenance and service. This is an example of which one of the following?A.Life cycle costs B.Scope creep C.Project spin off D.Operations
You are the project manager for a construction project to build 17 cabins. All of the cabins will be identical in nature. The contract for the project is set at a fixed cost, the incentive being the faster the project work is completed, the more the profitable the job. Management has requested that
Your company has been hired to install the tile in 1,000 hotel rooms. All rooms will be identical in nature and will require the same amount of materials. You calculate the time to install the tile in each hotel room as six hours. The cost for labor for each room is calculated at $700. Your Project
You are the project manager for a new technology implementation project. Management has requested that your estimates be as exact as possible. Which one of the following methods of estimating will provide the most accurate estimate?A.Top-down estimating B.Top-down budgeting C.Bottom-up estimating
You are the project manager for the JKH Project. You have elected to use parametric modeling in your cost estimating for the project. Which one of the following is an example of parametric modeling?A.$750 per ton B.Historical information from a similar project C.Estimates built bottom-up based on
You are the project manager for GHG Project. You are about to create the cost estimates for the project. Which input to this process will help you the most?A.Parametric modeling B.WBS C.Project scope D.Requirements document
Which one of the following best describes analogous estimating?A.Regression analysis B.Bottom-up estimating C.Less accurate D.More accurate
Bertha is the project manager for the HAR Project. The project is behind schedule and Bertha has elected, with management's approval, to fast track the critical path. This process adds more what?(Choose the best answer.)A.Cost B.Time C.Risk D.Documentation
Bertha is the project manager for the HAR Project. The project is behind schedule and Bertha has elected, with management's approval, to crash the critical path. This process adds more what? (Choose the best answer.)A.Cost B.Time C.Risk D.Documentation
You are the project manager for a project with the following network diagram.Studying the diagram, which path is the critical path?A.ABCD B.EBCD C.EFH D.EGH Start A B C E F H G D End
A heuristic is a ________________________?A.Rule of thumb B.Regulation C.A regulation internal to an organization D.A best method of implementing an activity
You are the project manager for a construction project. Your foreman informs you that, due to the humidity, the concrete will need to cure for an additional 24 hours before the framing can begin. To accommodate the requirement, you add _______________ time to the framing activity.A.Lead B.Lag
Which of the following is a correct attribute of the critical path?A.It determines the earliest completion date B.It has the smallest amount of float C.It has the most activities in the PND D.It is the path with the most expensive project activities
Chris, a project manager for his company, is explaining the difference between a Gantt chart and a milestone chart. Which of the following best describes a Gantt chart?A.A Gantt chart depicts what was planned against what actually occurred.B.A Gantt chart depicts the work in the project against the
You are the project manager for the 987 Project. Should this project run over schedule, it will cost your organization $35,000 per day in lost sales. With four months to completion, you realize the project is running late. You decide, with management's approval, to change the relationship between
You are the project manager for the 987 Project. Should this project run over schedule, it will cost your organization $35,000 per day in lost sales. With four months to completion, you realize the project is running late. You decide, with management's approval, to add more project team members to
Which of the following is not an output from the activity duration estimating process?A.WBS B.Activity list updates C.Basis of estimates D.Duration estimates
You are the project manager for your organization. You and your project team are in conflict on the amount time allotted to complete certain activities. Several of the team members are wanting to bloat the time associated with activities to ensure they will have enough time to complete their tasks
You are the project manager for your organization. You and your project team are in conflict on the amount of time allotted to complete certain activities. Several of the team members are wanting to bloat the time associated with activities to ensure they will have enough time to complete their
You are the project manager for a construction company. Your firm has been contracted to complete the drilling of a well for a new cabin in Arkansas. The specification of the well is documented, but your company has little experience in well drilling in Arkansas. The stakeholder is concerned your
You are the project manager for a new training program at your customer's site. This program will require each of the customer's employees to attend the half-day class and complete an assessment exam. You will be completing the training at the customer's facility, and will need a trainer for the
You are the project manager for the MNB Project. You and your project team are about to enter into the activity duration estimating process. Which of the following will not be helpful in your meeting?A.Constraints B.Assumptions C.The project charter D.Identified risks
You are the project manager for the YKL Project. This project will impact several lines of business at completion. Each milestone in the project is scheduled to end so the work does not impact current business cycles. This is an example of which one of the following?A.Constraint B.Expert judgment
You are the project manager for the POL Project. This project will use PERT to calculate the estimates for activity duration. For activity D, you have the following information: P=9, O=4, M=5. What is the result of PERT?A. 18 weeks B. 5. 5 weeks C. 33. 33 days D. 3 weeks
Where is a project manager most likely to experience a subnet?A.WBS B.Kill points C.GERT charts D.Network template
The purpose of using GERT is which of the following?A.Allows for float to be distributed across all paths to completion B.Allows for loops and conditional branches C.Requires all paths to completion to intersect at quality audits D.Requires all paths to completion to intersect at scope verification
What is the difference between PDM and ADM?A.ADM places activities on arrows; PDM places activities on nodes.B.ADM is also known as AOA, while PDM is also known as GERT.C.ADM hosts activities on nodes, while PDM hosts activities on arrows.D.PDM can have two types of relationships between tasks,
You are the project manager for the LLL Project. Steven, a project team member, is confused about network diagrams. Specifically, he wants to know what the critical path is in a network diagram. Your answer is which one of the following?A.The critical path is the network that hosts the activities
As the project manager for the DFK Project, you are reviewing your project's network diagram (as shown in the following illustration):Given the diagram, what is the relationship between tasks F and G?A.FS B.SS C.FF D.SF Sart ES EF3 E5-4 B ES ES-10 2 E ES-12 1-13 G EF-15 ES-14 17-20 LS=14 LF-20 End
Which of the following best describes GERT?A.PDM B.Network template C.Conditional diagramming methods D.ADM
Michael is the project manager of the 78GH Project. This project requires several members of the project team to complete a certification class for another project the week of November 2.This class causes some of the project activities on Michael's activities to be delayed from his target schedule.
You are the project manager of the JHG Project. This project has 32 stakeholders and will require implementation activities in North and South America. You have been requested to provide a duration estimate for the project. Of the following, which will offer the best level of detail in your
You are the project manager of the WIFI Project. You would like to meet with a stakeholder for scope verification. Which of the following is typical of scope verification?A.Reviewing changes to the project scope with the stakeholders B.Reviewing the performance of the project deliverables
A WBS serves as an input to many of the project management processes. Of the following, which is not true?A.WBS serves as an input to activity sequencing.B.WBS serves as an input to activity definition.C.WBS serves as an input to resource planning.D.WBS serves as an input to cost budgeting.
One of the stakeholders of the project you are managing asks why you consider the scope statement so important in your project management methodology. You answer her question with which of the following?A.It is mandatory to consult the plan before authorizing any change.B.Project managers must
A project team member has asked you what a scope statement is. Which of the following is a characteristic of a scope statement?A.Defines the baseline for project acceptance B.Defines the requirements for each project within the organization C.Defines the cost, schedule, and quality metrics
You are the project manager of a large project. Your project sponsor and management have approved you to outsource portions of the project plan. The _____________________ must ensure that all of the project work is authorized, contracted properly, and funded.A.Project sponsor B.Organization's
You are the project manager for an airplane manufacturer. Your project concerns the development of lighter, stronger material for commercial jets. As the project moves towards completion, the material is defined in more detail after each phase of materials testing. This is an example of which of
You have finished the project scope according to plan. For the customer to accept the project what must happen next?A.Nothing. The plan is complete so the project is complete.B.Scope verification should be conducted C.Lessons learned should be finalized D.Proof-of-concept should be implemented
You are the project manager for a pharmaceuticals company. A new government regulation will change your project scope. For the project to move forward and be in accordance with the new regulation, your next action should be?A.Prepare a new baseline to reflect the government changes B.Notify
You are the project manager for the JHG Project. Your project is to create a new product for your industry. You have recently learned your competitor is also working on a similar project but their offering will include a computer-aided program and web-based tools, which the project does not
Which of the following is an output of scope change control?A.Workarounds B.Corrective action C.Transference D.Risk assessment
A project team member has, on his own initiative, added extra vents to an attic to increase air circulation in the attic. The project plan did not call for these extra vents, but the team member decided they were needed based on the geographical location of the house. The project team's experts
You are a project manager for a large manufacturer. Your current project is to create a new manufacturing assembly line that will allow your organization to create its products with less downtime and faster turnaround time for its clients. Which of the following is an example of value-added change
Complete the statement: Most change requests are a result of ______________________.A.Improvement to the project scope B.Schedule constraints C.Regulatory constraints D.Value-added change
Which of the following is an output of scope verification?A.WBS template B.Rework C.Formal acceptance D.SOW acceptance
You are the project manager for your organization. You need to ensure the customer formally accepts the deliverables of each project phase. This process is known as _______________________________?A.Earned value management B.Scope verification C.Quality control D.Quality assurance
You are the project manager for the JKL Project. This project has over 45 key stakeholders and will span the globe in implementation. Management has deemed the project's completion should not cost more than $34 million. Because of the global concerns, the final budget must be in U.S. dollars. This
You are the project manager for the JHN Project. Mike, a project manager you are mentoring, does not know which plan he should reference for guarding the project scope. Which of the following plans does Mike need?A.The scope management plan B.The scope change control system C.The scope verification
Of the following, which does the scope statement not provide?A.Project justification B.Project product C.Project manager authority D.Project objective
During the planning phase of your project, your project team has discovered another method to complete a portion of the project scope. This method is safer for the project team, but may cost more for the customer. This is an example of:A.Risk assessment B.Alternative identification C.Alternative
Which of the following best describes project scope?A.The description of the project deliverables B.The authorizing document that allows the project manager to move forward with the project and to assign resources to the tasks C.The process of managing all of the required work-and only the required
You are the project manager for the NBG Project. This project must be completed within six months.This is an example of which of the following?A.Schedule B.Assumption C.Constraint D.Planning process
You are the project manager for a technical project. The project product is the complete installation of a new operating system on 4500 workstations. You have, in your project cost and time estimates, told the customer that the estimates provided will be accurate if the workstations meet the
You are a project manager for your organization. Sarah, a project manager in training, wants to know when the project manager is assigned to a project? Your answer should be:A.During the initiation stage B.During the planning stage C.When the stakeholders approve the budget D.After the project is
You are probably going to be the project manager for the HGD Project and will need as many inputs to the initiation phase as possible. Of the following, which is the best source of information for your project?A.Business plans B.Historical information C.WBS D.The project charter
Of the following, which is not part of project scope management?A.Scope planning B.Scope verification C.Quality assurance D.Initiation
You are the project manager for your organization. Management would like you to use a tool that can help you plan, schedule, monitor, and report your findings on your project. This tool is which one of the following?A.PMIS B.EVM C.Status Review Meetings D.Project team knowledge and skill set
EVM is used during the _____________________________.A.Controlling processes B.Executing processes C.Closing processes D.Entire project
Which set of the following tools is part of the project plan execution?A.PMIS, WBS, EVM B.General management skills, status review meetings, EVM C.General management skills, status review meetings, Work Authorization Systems D.General management skills, status review meetings, EVM
Configuration management is a process for applying technical and administrative direction and surveillance of the project implementation. Which activity is not included in configuration management?A.Controlling changes to the project deliverables B.Scope verification C.Automatic change request
Which one of the following is a formal document to manage and control project execution?A.WBS B.Project plan C.Organizational management plan D.Work Authorization System
You have just informed your project team that each team member will be contributing to the Lessons Learned documentation. Your team does not understand this approach and wants to know what the documentation will be used for. Which one of the following best describes the purpose of the Lessons
One of the requirements of project management in your organization is to describe your project management approach and methodology in the project plan. You can best accomplish this requirement through which one of the following actions?A.Establishing a project office B.Establishing a program office
Baseline variances, a documented plan to management variances, and a proven methodology to offer corrective actions to the project plan are all part of which process?A.Change management B.Change Control System C.Scope Change Control D.Integrated Change Control
You are the project manager for the DGF Project. This project is to design and implement a new application that will connect to a database server. Management of your company has requested that you create a method to document technical direction on the project and to document any changes or
The project plan provides what in regard to project changes?A.A methodology to approve or decline CCB changes B.A guide to all future project decisions C.A vision of the project deliverables D.A fluid document that may be updated as needed based on the CCB
You are the project manager for your organization. When it comes to Integrated Change Control, you must ensure which one of the following is present?A.Supporting detail for the change exists B.Approval of the change from the project team C.Approval of the change from an SME D.Risk assessment for
Which of the following can best help a project manager during project execution?A.Stakeholder analysis B.Change control boards C.PMIS D.Scope verification
The project plan provides a baseline for several things. Which one of the following does the project plan not provide a baseline for?A.Scope B.Cost C.Schedule D.Control
Which one of the following represents the vast majority of a project's budget?A.Project planning B.Project plan execution C.Labor D.Cost of goods and services
Which one of the following is not beneficial to the project manager during the project plan development process?A.Gantt Charts B.PMIS C.EVM D.Stakeholder knowledge
What is the difference between a project baseline and a project plan?A.Project plans change as needed, baselines change only at milestones.B.Project plans and baselines do not change-they are amended.C.Project plans change as needed; baselines are snapshots of the project plan.D.Baselines are
Of the following, which one is an input to project plan development?A.Assumptions B.Project planning methodology C.EVM D.Business needs
The primary purpose of your project plan is:A.To define the work to be completed to reach the project end date.B.To define the work needed in each phase of the project life cycle.C.To prevent any changes to the scope.D.To provide accurate communication for the project team, project sponsor, and
You are the project manager for the HALO Project. You and your project team are preparing the final project plan. Of the following, which one is a project plan development constraint you and your team must consider?A.The budget as assigned by management B.Project plans from similar projects
During project integration activities, a project sponsor's role can best be described as doing which one of the following?A.Acting as a sounding board for the project stakeholders B.Helping the project manager and stakeholders to resolve any issues ASAP C.Deflecting change requests for the project
You are the project manager for a pharmaceutical company. You are currently working on a project for a new drug your company is creating. A recent change in a law governing drug testing will impact your project and change your project scope. The first thing you should do as project manager
All of the following are true about change requests except:A.They happen while the project work is being done.B.They always require additional funding.C.They can be written or verbal.D.They can be requested by a stakeholder.
Your project is moving ahead of schedule. Management elects to incorporate additional quality testing into the project to improve the quality and acceptability of the project deliverable. This is an example of which one of the following?A.Scope creep B.Change control C.Quality Assurance
On any project, the Lessons Learned document is created by which one of the following?A.Customers B.Project Sponsor C.Project team D.Stakeholders
You are a project manager for your organization. Management has asked you to help them determine which projects should be selected for implementation. In a project selection model, the most important factor is which one of the following?A.Business needs B.Type of constraints C.Budget D.Schedule
Complete this statement: Projects fail ____________________.A.At the beginning, not the end B.During Initiating, not Closing C.Because of inadequate project managers D.Because of the project manager
You are the project manager for the BKL Project. This type of project has never been attempted before by your organization. The stakeholders already have high requirements for the project deliverables and you need to create a change control system. This system should be controlled by which of the
Frances is the project manager of the JHG Project. This project is very similar to a recent project she completed for another customer. Which planning process will Frances need to finish first to ensure the project is completed successfully?A.Solicitation planning B.Scope definition C.Activity
Which of the following is not an input to schedule development?A.The cost baseline B.Resource requirements C.The risk management plan D.The network diagram
Which of the following is considered an output of risk management planning?A.Activity lists B.WBS C.The risk management plan D.The scope management plan
Which of the following is considered an output of the cost budgeting process?A.Cost estimating B.Resource requirements C.The risk management plan D.The cost baseline
In order to create a network diagram, the project manager needs which of the following?A.Activity sequencing B.Project sponsor approval of the WBS C.The WBS dictionary D.A cost baseline
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