1. What is a technique to find non-value add time in your processes? is called Value Stream Mapping.
   1. Non-value Elimination
   2. Non-value Stratification
   3. Stream of the Value
   4. Value Stream Mapping
2. The Project Lifecycle (PLC) dictates what the Systems Development Lifecycle (SDLC) will be.
   1. True
   2. False
3. A plan for risk should be documented in a:
   1. IDP & CPP
   2. IPP & MRD
   3. BCP & DR
   4. PSC & PFF
4. The following document contains information about the MOV, Project Objectives, and Controls that will be in place during the project.
   1. Business Case
   2. Project Charter
   3. Position Paper
   4. BCP/DR
5. There are two interdependent tasks in a project. One is scheduled in May (Task A) and the following in June (Task B). You are looking at the task in June and want to set up its relationships correctly. So you make Task A a:
   1. Linked task
   2. Predecessor
   3. Successor
   4. Phase
6. Lets say you are contemplating acquiring a vendor to help with a major transformational project. What is the order of things you need to do?
   1. RFP>RFI>Orals
   2. Orals>RFI>RFP
   3. RFI>Orals>RFP
   4. RFI>RFP>Orals
7. here are many ways to measure financial return from a project, but one is the most sophisticated because it deals with inflation and the value of cash flows over time. Which one is it?
   1. Net Present Value
   2. Payback Period
   3. Breakeven Point
   4. Return on Investment
8. Your direct report comes to you and says Ive done the analysis, its going to cost us $120,000 to buy, and should generate $200,000 in revenue a year. You tell them:
   1. We need to consider the Total Costs of Ownership (TCO) and the Total Benefits of Ownership (TBO), this is only part of the story.
   2. This is great, even with a high hurdle rate we will make turn a profit.
   3. I need to see an explicit MOV.
   4. Sounds sketch.
9. The focus of every project should be the ___________________. We dont do projects for the sake of doing projects.
   1. Project Governance
   2. Project Charter
   3. Design Phase
   4. MOV
10. You have just found out the guy you secured to do Task E is going on a one week vacation during the first week of that task, so you will have a one week delay. Task D is a predecessor. What do you do?
    1. Re-baseline the project plan
    2. Build in some lag time
    3. Build in some lead time
    4. Add another task to the plan
11. You are getting beat-up by the competition and you know you need a serious transformation. You have your best people do a 3 day workshop and they come back to you with a business case for a high risk, large scope transformation that will put you at the head of the pack. You love the value proposition, but you are worried about the risks. What do you do?
    1. Move forward with it because you have to
    2. Decline and hope things get better
    3. Look for opportunities to break the scope up into Phases
    4. Perform financial analysis
12. Crashing a project is superior to Fast tracking a project because it is less disruptive and lower risk.
    1. True
    2. False
13. You own a business and you are bringing in a consultant to help weed out the non-value add processes that are killing your bottom line. You tell them you will only agree to a ____________________ contract.
    1. Incentive Based
    2. Fixed Fee
    3. Time and Materials
    4. Cost Plus Fee
14. So, the plan has been baselined, what do you do right before work begins?
    1. Issue a 0 Tolerance Policy
    2. Hold a Workshop Meeting
    3. Initiate the Delphi process
    4. Hold a Kickoff Meeting
15. A non-critical path task is such because it has ___________________, which is the amount of extra time it can take before it hits the critical path. A critical path task has 0 _________________.
    1. Duration
    2. Drag
    3. Float
    4. Lag
16. Its important to have ______________________ teams so that you can build credibility, accountability, and ownership across your organization.
    1. Monolithic
    2. Small
    3. Cross-Functional
    4. Large