a. b. C. d. Identification and documentation of project lessons learned should be done: During project closing. When preparing the project plan. Early in the execution phase. On a regular basis throughout the project. a. b. C. d. The official title of the PMI book that describes Project Management best practices, techniques and standard definitions is:: PMI Standards Manual to Project Management Processes Project Management Book of Knowledge The Project Management Body of Knowledge A Guide to the Project Management Body of Knowledge Given the following diagram, how many Critical Paths are there through this Network Diagram? Design Plans 3 Days Project Started Frame Roof 2 Days a2 5:12 c. d. Lay Roofing 2 Days Apply Siding 2 Days Unlimited Clear Land 3 Days Buy Supplies 2 Days Conduct KO 1 Days Apply Primer 2 Days Dig Hole 2 Days Paint Trim 2 Days Apply Stain 2 Days Pour Concrete 1 Day + 1 Day Frame Sides 2 Days Conduct PP Review 1 Day Project Finished a. b. C. d. You are a Project Manager and have just finished the kick-off meeting with your project team. Which of the following project management activities would you most likely start next? Collect Project Requirements Develop Effective Cost and Schedule Estimates for the Project Decompose a Work Breakdown Structure Define Work Activities a. b. C. d. You are a Project Manager and have just finished identifying project risks with your project team. Which of the following project management activities would you most likely start next? Develop Effective Risk Response Plans for the Identified Risks Work with Team to develop a Team Operating Agreement Develop a Cost and Schedule Contingency Reserve Analyze the Risks a. b. C. d. You are a Project Manager and are now beginning to work with your team to develop detailed cost estimates for the project plan. Which of the following estimating techniques would you most likely employ? PERT Estimates for Critical Path Activities Definitive Estimates Analogous Estimates Bottom-up Estimating b. C. d. You are a Project Manager and are managing a high-risk, high uncertainty project that has a budget well above anything the organization has managed to date. You need to develop realistic estimates for some key activities which there is very little information or history. What technique might you employ in this situation? Employ a Central Theorem Approach Modified Delphi Estimating Monte Carlo Simulation Multiple 3 Point Analogous Estimates a. b. C. d. You are a Project Manager and ask a SME for a duration estimate for a key project activity. They develop a 3 Point Estimate with the following numbers: O = 2 weeks M = 6 weeks P = 22 weeks What is the accuracy of the PERT Estimate developed using these numbers? 8 Weeks 10 Weeks 3,33 Weeks 6.66 Weeks A project has the following risks identified: Risk Risk A Risk B Risk C Risk D Probability 20% 35% 10% 40% Impact 10 Days 20 Days 25 Days 15 Days What would be the highest priority risk based upon the Expected Value calculation for this project? a. Risk D b. Risk B C. Risk A d. Risk C