Successful Project Management: How To Complete Projects On Time, On Budget, And On Target 4th Edition Dobson, Michael Singer - Solutions

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Most projects need ________ meeting(s) to do a good WBS.A. One B. Multiple C. Long D. Interactive
The WBS is done during Scope Definition; Scope Definition comes between:A. Scope Planning and Scope Change Control B. Scope Verification and Scope Change Control C. Scope Planning and Scope Verification D. Scope Management and Scope Planning
The Work Breakdown Structure is done by:A. The Sponsor B. Senior Management C. The Project Manager D. The Project team
A description of the final deliverable is one of the best ways to make sure that you are in control of the project in the ________ phase.A. Initiation B. Closing C. Execution D. Planning
The tangible measurement or outcome that must be produced to complete a part of a project or the project itself is called a:A. Work Statement B. RFP C. Deliverable D. Project Plan
The work that needs to be done to produce a product/service is included in the:A. Execution Plan B. Product Scope C. Project Scope D. SOW
______ scope determines the features and functions of the output of the project.A. Management B. Control C. Project D. Product
A project manager is assigned to a project in the ________ phase of the project.A. Management B. Initiation C. Closing D. Controlling
Without a ________ the project cannot go forward A. Leader B. Charter C. Project Administrator D. WBS
The project manager is assigned in the:A. Charter B. Project Plan C. SOW D. Management Plan
The document that authorizes the release of organizational resources to the project is the:A. Statement of Work B. Project Design Plan C. WBS D. Charter
What is the best time to sit for the examination?A. Immediately after taking the course B. When you feel comfortable C. When the teacher tells you to do so D. Whenever your organization thinks it is time
The single phase that has the most questions about it on the examination is the ________ phase.A. Closing B. Initiation C. Planning D. Control
Which is the best model for studying for the PMI examination?A. The Phase Model B. The Knowledge Area model C. Both models D. The DoD model
Each process is divided into:A. Inputs, Tactics, and Strategy B. Inputs, Outputs, and Tactics C. Inputs, Tools and Techniques, and Tactics D. Inputs, Tools and Techniques, and Outputs
Each knowledge area is divided into ________ areas.A. Tactical B. Process C. Project management D. Strategic
Planning and Closing are two parts of a _________ approach to project management.A. Tactical B. Phase C. Methodical D. Practical
In 2000, _______ certified the PMBOK as the standard for project management literature.A. American Academy B. Ohio State C. ANSI D. Sorbonne
PMI was founded in:A. 1954 B. 1969 C. 1970 D. 2000
A project is a ___________ endeavor undertaken to create a unique product, service, or result.A. Difficult B. Complex C. Critical D. Temporary
All the questions on the examination are worth _________.A. The square root of the difficulty of the question.B. The importance given to the question by the PMBOK committee.C. The same.D. The degree of difficulty given to the question by a panel of international judges.
You should always:A. Click on the first answer that seems correct.B. Never click on any answer but come back later.C. Read all the answers carefully before clicking on one.D. Expect to get several answers wrong in any case.
Which of these is not an option when taking the PMP certification examination?A. Leaving questions blank and finishing the test.B. Clicking on the correct answer the first time you see the question.C. Leaving questions blank and then coming back to answer them.D. Clicking on the answer you think
There will be questions where ________ answers appear to be correct.A. Four B. Three C. No D. Two
The application of knowledge, skills, tools, and techniques to project activities to meet the project requirements is:A. Project Administration B. Management systems C. Project Management D. Common knowledge
The ________ is the official text for the PMI examination.A. Dictionary B. Thesaurus C. PMI Lexicon D. PMBOK
Depending on the range of experience of the trainer/consultant we hire, we may get the benefit of important insights that will add quality, or we may receive inappropriate or incorrect advice that will lower quality.(Business risk)
If we find high-quality templates or organizational material on building PMOs that are applicable to our organization, we may be able to speed the process significantly. (Opportunity risk)
If the proposed PMO policy statement requires substantial revision, there will be a significant delay on the critical path.
If we don’t have a current project ready for PMO involvement, we will not be able to demonstrate its performance in time for the stockholders’meeting.
If the PMO does not adequately address the issues and concerns of the stock analysts, it will not cause our stock to rise.
If we cannot quickly find qualified people to staff our PMO, we may not be able to make the stockholders’ meeting deadline.
If the managers who have expressed some skepticism do not have their issues addressed properly, they may actively oppose or put roadblocks in the way of establishing our PMO.
Because we have no in-house experience in Project Management Offices, the PMO we create may have deficiencies in its operation.
For the path A B C, if the standard deviations are A = 4, B = 5, and C = 7, what is the standard deviation of the path????? = 42 + 52 + 72 = 16 + 25 + 49 = 90. The standard deviation of A B C is the square root of 90, or 9.48, which we’ll round to 10.
You are given a deadline of 15 days and a budget of $13,000 for Activity A. What is the probability that you will achieve the time and cost objectives?15 days is 1 day more than E. Divide 1 by ???? (3), and get 0.3. 15 days is equal to E + 0.3????. According to the Z table, 0.3???? = 61.79%.$13,000
For Activity A, the optimistic cost estimate is $5,000, the most likely estimate is $15,000, and the pessimistic estimate is $21,000. What is the PERT estimate and standard deviation?E = ($5,000 + (4 * $15,000) + $21,000) / 6 = $14,333???? = (25 – 10) / 6 = $2,667
For Activity A, the optimistic estimate is 10 days, the most likely estimate is 12 days, and the pessimistic estimate is 25 days. What is the PERT estimate and standard deviation?E = (10 + (4 * 12) + 25) / 6 = 14???? = (25 – 10) / 6 = 3
Project Procurement Management. What we know about any products or services to be acquired outside the organization.
Project Quality Management. What we know about factors that determine whether this project will meet the needs for which it was established.?
Project Human Resources Management. What we know about the people and skills we need to accomplish the work.
Project Stakeholder Management. What we know about people affected by the project, their interests, and their issues.
Project Communications Management. What we know about the need to report and communicate with others during the project.
Project Cost Management. What we know about the budget, resource availability, and anything else we might spend to accomplish the project.
Project Scope Management. What we know about the work that must be done, and the work that is not included in this project.?
Project Time Management. What we know about the schedule and any time constraints?
Project Integration Management. What we know about our role as project manager in bringing this project together and leading it to a successful conclusion.
How will we measure our success?
Are there any major known risks that we can see at the beginning of the project?
Who are the stakeholders—the people who will be affected by our project?What are their interests and concerns?
What authority and power do we have to accomplish the work?
What people, resources, and budget are available to us?
When must the project be accomplished?
Why are we doing this project? How will the project benefit us if it is successful?
What is the project that must be accomplished?Establish a Project Management Office (PMO) in our organization.
Which closeout process involves analyzing performance, finding opportunities for improvement, and salvaging parts of the project that might be useful in the future?(a) Transfer(b) Customer satisfaction review(c) Administrative closure(d) Lessons learned
What is a good first step to put lessons from this course to use?(a) Put in a comprehensive project management system first thing tomorrow(b) Use every concept described in this book(c) Perform earned value management on your next project(d) Start slowly and build up
Who is responsible for ensuring that team performance is celebrated and recognized?(a) The human resources department(b) The permanent supervisors of individual team members(c) The project sponsor(d) The project manager
What is a reason for keeping a log of all procurement and contracts?(a) Lessons learned(b) Administrative closure(c) Contract closure(d) OMB Circular A-11
What is a positive reason to conduct project “lessons learned”?(a) To find and discipline unsatisfactory workers(b) To show other project managers what they’re doing wrong(c) To make sure everything is put in the right file folder(d) To make future projects better and easier
How frequently should you gather status information on your project?(a) Based on the speed of change within the project(b) At least weekly(c) Whenever the customer or project sponsor wants an update(d) No less often than monthly?
The total project is planned to cost $100,000. The project currently has a CPI of 85% and an SPI of 90%. What is the EVM forecast of the likely total cost of the project, rounded to the nearest dollar?(a) $111,111$117,647(b)(c) $85,000(d) $90,000 CALCULATION: EAC (Estimate at Completion) = BAC
We were supposed to complete $10,000 worth of work today, but we have only completed $8,000 and we have spent $9,000. What is the schedule variance and cost variance?(a) SV = $2,000; CV = -$1,000(b) SV = -$1,000; CV = -$2,000(c) SV = -$2,000; CV = -$1,000(d) SV = -$2,000; CV = $1,000 CALCULATION:
Which of the following is a tool associated with quality control?(a) Process map(b) Mean time between failure (MBTF)(c) Checksheet(d) Pareto diagram
What are the three basic ways to gather information on project status?(a) SV, CV, and CPI(b) Stakeholder management plan, communications management plan, and responsibility assignment matrix(c) Test results, customer feedback, and sponsor reaction(d) Meetings, reports, and inspections
The plan tells us that we were supposed to get $10,000 work of work done, but we actually got$15,000 worth of work done as of the end of Activity 9 “Conduct Training.” So far, we have spent$12,500.EV = _________ PV = _________ AC = _________
The financial report we just got tells us that we have spent $22,000 to date, and the schedule says we should have just finished Activity 6 “Recruiting.” Since the last reporting period, we have accomplished three tasks that were planned to cost $8,000, $4,000, and $9,000 each, but have only
Today, the plan said that we should have accomplished Activity 1 “Research,” Activity 2 “Write Policy,” Activity 3 “Obtain Feedback,” Activity 4 “Finalize Policy,” and Activity 5 “Org Chart and Position Descriptions.” Each of these activities has a planned (budgeted) cost of
What is a corrective action? 5. (d)(a) A response incorporated into your risk management plan(b) The situation that tells you to implement a contingency plan(c) A reserve of time or money to address surprises(d) A response to a problem that occurs on your project
To ensure that you keep track of who has been assigned to what 4. (a)work activity, you may use a:(a) work management form.(b) tracking Gantt chart.(c) configuration management system.(d) performance measurement baseline.
Which of these is a reason to seek stakeholder plan approval? 3. (a)(a) To avoid potential miscommunications about objectives and deliverables(b) To make sure stakeholders accept full responsibility if things go wrong(c) To gain preliminary information about stakeholder needs and issues(d) To
What is the alternative to scope creep on projects? 2. (a)(a) Change management system(b) Scope verification system(c) Performance measurement baseline (PMB)(d) Tracking Gantt chart
Which baseline can serve as a PMB for the entire project? 1. (c)(a) Tracking Gantt chart(b) Scope verification system(c) Cost baseline(d) Responsibility assignment matrix (RAM)
There is a risk that our vendor will be late, and we are responding 5. (c)to that risk by adding a penalty clause to the contract with the vendor.What risk response strategy are we using?(a) Avoid Mitigate(b)(c) Transfer Accept
What is a business risk? 4. (a)(a) A risk combining threat and opportunity(b) Something that could go wrong and affect our overall business(c) Another term for “pure risk”(d) Leftover risk after our solution has been applied
The extent to which the project’s product, service, and result satisfies 3. (c)the needs for which it was undertaken is known as:(a) process quality.(b) cost of quality.(c) product quality.(d) the “-ilities.”
If a particular risk has a 25% chance of costing $20,000 and a 75% 2. (a)chance of earning $10,000, what is the value of that risk?(a) $2,500$12,500(b)(c) -$2,500(d) -$5,000 SOLUTION: R = (0.25 * -$20,000) + (0.75 * $10,000) = (-$5,000 + $7,500) = $2,500
Which of the following is a correctly written risk? 1. (c)(a) There is a 75% chance that we will be late.(b) Our mainframe is old and unreliable.(c) If the widget fails to pass the test, our schedule will be set back by one month.(d) We have been told by the CEO that all projects must come in under
What is a responsibility assignment matrix? 5. (c)(a) A list of skills required to complete project activities(b) A tool to ensure that all communications and stakeholder management activities have owners(c) A tool that links resources to activities(d) A list of skills possessed by your team members
What is the difference between PERT and CPM? 4. (c)(a) CPM is designed to help plan projects with high uncertainty;PERT is designed to determine when extra resources will profitably speed the schedule.(b) PERT is designed to help plan projects with complex technical activities; CPM is designed to
If John is assigned to two parallel activities with schedule dates that 3. (d)overlap, one solution is to:(a) tell John to do the activities and not be late, or there will be consequences.(b) stop the project because it cannot be accomplished.(c) document the problem in your regular progress
The value of critical path analysis is: 2. (a)(a) to determine when spending additional resources to speed up an activity is profitable.(b) to manage the effects of uncertainty in a project plan.(c) to determine the total duration of a project with parallel activities.(d) to manage loading and
Why should you prepare a communications and stakeholder 1. (d)management plan?(a) To keep the CEO and top executives up to date on project progress(b) To ensure that project team members know the activities for which they are responsible(c) To keep stock analysts informed of major projects(d) To
In a PERT analysis, what is the probability that an activity will be 5. (c)completed no later than one standard deviation from the estimate?(a) 68.2%50.00%(b)(c) 84.13%(d) 15.87%
If you decide the quickest an activity can be completed is six weeks, 4. (c)the worst case is 24 weeks, and the most likely time is 12 weeks, what is the PERT estimate and the standard deviation?(a) E = 7, ???? = 3(b) E = 13, ???? = 18(c) E = 13, ???? = 3(d) E = 12, ???? = 2 CALCULATION: The
Which of these is a potential danger in developing a bottom-up estimate? 3. (d)(a) Flaws in the parametric model that is used(b) Failure to use the Delphi method(c) Relationship of the analogous project to the one being estimated(d) Some team members may pad their estimates
One reason why projects are more frequently late and over budget 2. (a)than early and under budget is:(a) overoptimism in the estimating process.(b) changes in scope requested by customers.(c) using rough order of magnitude rather than preliminary estimates.(d) incorrect calculations of the
A preliminary estimate has an expected accuracy of: 1. (d)(a) -25%, +100%.(b) -25%, +75%.(c) -5%, +10%.(d) -10%, +25%.
What is the late finish of an activity? 5. (a)(a) The latest an activity can finish without delaying a critical path activity(b) An activity that has missed its deadline(c) The latest an activity can start based on its relationship to predecessor activities(d) The date a parallel activity can begin
The project statement of work (SOW) is: 4. (b)(a) the hierarchical decomposition of the project work.(b) a narrative description of the project scope.(c) an activity list of the work that must be completed.(d) the requirements traceability matrix for the project.
What is a parallel activity? 3. (a)(a) An activity performed at the same time as another activity(b) An activity that is necessary but outside the scope of the project(c) An activity that must directly follow another activity(d) An activity that contains slack or float
An example of a nonfunctional requirement is: 2. (b)(a) the type of material to be used.(b) ease of use of the final product.(c) a maintenance manual for the product.(d) mean time between failures.
To prepare a WBS, you should: 1. (d)(a) use a top-down approach.(b) make sure each category has the same number of levels.(c) organize the project scope into an outline structure.(d) decompose the total project scope into a hierarchy.
What is included in the process of project initiation? 5. (b)(a) Developing a timeline of project activities(b) Identifying constraints and assumptions(c) Managing stakeholder opinions to reduce controversy and resistance(d) Developing a risk response plan
What is a purpose of a project charter? 4. (c)(a) It organizes the final project plan.(b) It establishes project management policy for the organization.(c) It formally authorizes the project.(d) It serves as a contract with outside vendors supporting the project work.
A tangential stakeholder is someone who: 3. (b)(a) does not think your project is important or worth doing.(b) has an unrelated secondary interest in your project.(c) personally benefits from your project.(d) has a combination of positive and negative issues on your project.
A project constraint: 2. (b)(a) is something treated as true in the absence of proof.(b) limits your choices.(c) is something you should always try to get around.(d) tells you the priority of your project.
Which of these sets describes the hierarchy of constraints? 1. (c)(a) Time constraint, cost constraint, performance criteria(b) Constraints, assumptions, and stakeholders(c) Driver, middle constraint, weak constraint(d) Project charter, stakeholder register, requirements document
The project process that links to all other project processes is known as: 5. (d)(a) project planning.(b) project intiation.(c) project management office.(d) project monitoring and control.
In a portfolio, projects are grouped: 4. (d)(a) by functional area.(b) to enable the PMO to control them effectively.(c) by size and organizational impact.(d) based on organizational strategic objectives.

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Successful Project Management: How To Complete Projects On Time, On Budget, And On Target 4th Edition Dobson, Michael Singer - Solutions

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