Which of the following techniques is described in the statement below?
"It is used to verify whether a particular work can best be accomplished by the project team or must be purchased from outside sources."
You are the project manager for PassGuide Inc. Your project has a budget at completion of $950,000 and is 45 percent complete, though the project should be 50 percent complete. The project has spent $450,897 to reach the 45 percent complete milestone.
What is the project's cost performance index?
You work as a project manager for PassGuide Inc. You are working on a project where there is a limited amount of detailed information about the project or program. Which of the following estimation techniques will you use to accomplish the task?
You work as a project manager for PassGuide Inc. You want to improve the competencies and interaction of team members to enhance project performance. Which of the following processes will help you to accomplish the task?
Sasha is the project manager of a large construction project. She is finalizing ground rules, training, and team-building activities for her project team members. In which of the following processes is she working on?
Which of the following is described in the statement below?
"It is a monetary calculation of the quality performance of an organization. It is the monetary figure used by project management personnel in the decision making process."
You work as a project manager for PassGuide Inc. You are performing a task to generate a hierarchical list of resources related by function and resource type that is used to facilitate planning and controlling of project work. Which of the following components of project management will you use to accomplish the above task?
Which of the following is described in the statement below?
"It means that feedback regarding performance is provided to the person being evaluated from many sources, including superiors, peers, and subordinates."
You work as a project manager for PassGuide Inc. The company has recently opened a new department in its main building. You need information of all the vendors and hardware equipment being used in the different areas of the newly built department. Which of the following charts will you use to get the required information?
Which of the following contract types is described in the statement below?
"This contract type provides no incentive for the contractor to control costs and hence is rarely utilized."
You are project manager of HHK project. Examine the network diagram given below: A vendor reports that he will be four days late on the materials you'll need in order to complete Activity E. Based on the project network diagram, how many days can Activity E be delayed?
Which of the following is a measure of progress achieved compared to progress planned on a project?
You are the project manager of a large construction project. Part of the project involves the wiring of the electricity in the building your project is creating. You and the project team determine the electrical work is too dangerous to perform yourself so you hire an electrician to perform the work for the project. This is an example of what type of risk response?
You work as a project manager for PassGuide Inc. You are working on directing and managing the execution of your project. Which of the following is the most likely outcome as part of this phase of the project?
Fill in the blank with the appropriate term.
The______ defines the period in which, during the development of the project scope statement, a clear and very thorough project scope statement narrative is documented.
Your project spans the entire organization. You would like to assess the risk of the project but are worried that some of the managers involved in the project could affect the outcome of any risk identification meeting. Your worry is based on the fact that some employees would not want to publicly identify risk events that could make their supervisors look bad. You would like a method that would allow participants to anonymously identify risk events. What risk identification method could you use?
You, with your team, are performing the work defined in the project management plan to achieve the project's objectives. In which of the following processes are you working on?
Which of the following is described in the statement below?
"It contains a complete set of indexed contract documentation. It is prepared to be included with the final project files."
You are the project manager of a project to create a network inside of a building. You need to hire an electrician to run network cable throughout the building. Based on your experience, you create an estimate for the work that you'll measure all of the bids against. This is an example of what type of procurement seller selection?
You are the project manager of the GYG Project. A new scope change is being considered for your project. You are concerned, however, that the scope change may add costs, risks, and adversely affect the project schedule. What project management process is responsible for evaluating the full effect of a proposed scope change on your project?
Jenny is the project manager for her organization. Her project is not doing well on project schedule performance, and management wants her to predict how the project schedule and cost will end. Management has asked Jenny to report and forecast her project's performance based on the Judgmental methods. Which of the following judgmental methods will Jenny use to accomplish the task?
Each correct answer represents a complete solution. Choose all that apply.
Which of the following are the prime reasons behind the use of the Critical path method in a project?
Each correct answer represents a complete solution. Choose all that apply.
You are in need of procuring several tons of pea gravel for a construction. You'll need the vendor to provide a bid for the pea gravel on a specific date and time and that's one of the requirements included in the procurement document package you are reviewing. Who creates the procurement document package?
Fill in the blank with the appropriate term.
______ (also called contractor conferences, vendor conferences, and pre-bid conferences) are meetings with prospective sellers prior to preparation of a bid or proposal.
James works as the project manager for a software project. He and his team are on the Direct and Manage Project Execution process. All of the following are inputs of this process except for which one?
Which of the following are inputs of the Acquire Project Team process?
Each correct answer represents a complete solution. Choose all that apply.
Holly is the project manager of a project in a functional environment. Jason, the functional manager, has just informed Holly a new requirement that he has approved for the project. Holly documents the change and updates the project scope. What document should Holly also update in light of this change?
Which of the following is described in the statement below?
"It is a tool that defines a project and groups the project's discrete work elements in a way that helps organize and define the total work scope of the project."
You work as a project manager for BlueWell Inc. Which of the following techniques will you use to determine whether particular work can best be accomplished by the project team or must be purchased from the outside sources?
Mark works as a project manager for PassGuide Inc. His project is in an emergency situation. For this reason, he has hired a trader who is about to join immediately. Which of the following types of contract is needed in such a situation?
Mark is the project manager of the BFL project for his organization. He and the project team are creating a probability and impact matrix using RAG rating. There is some confusion and disagreement among the project team as to how a certain risk is important and priority for attention should be managed. Where can Mark determine the priority of a risk given its probability and impact?
You work as a project manager for PassGuide Inc. You are performing steps to carry out and finish the project according to the measures drawn through the planning stage. Which of the following stages of the project are you working on?
Rick is the project manager for TTM project. He is in the process of procuring services from vendors. He makes a contract with a vendor in which he precisely specify the services to be procured, and any changes to the procurement specification will increase the costs to the buyer.
Which type of contract is this?
Jessica works as a project manager for PassGuide Inc. She wants to discuss with the team members some of the project risks and issues that have occurred. Jessica has faxed the report to her project team for them to review. Based on the standard communications model, which component in this scenario is the decoder?
You work as a project manager for PassGuide Inc. You are working on several projects. Your projects vary in size and budget. You have to calculate the ratios of schedule and cost compared to plan, so that you can compare relative schedule and cost performance of each project. Which of the following components of EVM provide measures of schedule and cost performance that are not affected by the size of the project?
You work as a project manager for PassGuide Inc. A new project has been proposed to change all keyboards of every computer in your organization. There are 1,600 keyboards that will need to be removed and replaced with wireless keyboards. What document will you first need to start this project?
Mark works as a project manager for PassGuide Inc. He has to identify the internal and external stakeholders who will interact and influence the overall outcome of the project. Which of the following process groups will help him to accomplish the task?
Which of the following are the tasks performed by the Work breakdown structure (WBS)?
Each correct answer represents a complete solution. Choose all that apply.
You are a project manager for your organization. Your organization completes projects for other companies and your project has just ended. Although you were serving in a contractual relationship for your company what should you do with the project records for the project you've completed for another entity?
Alan works as a project manager for PassGuide Inc. He is working on the office renovation project. The office has 200 doors. All doors have to be glassed and painted. Before each door can be painted, the glasses must be fitted in them at least 12 hours before. Alan has arranged these tasks with a finish to start relationship between glassing and painting. What else should Alan do to account for the twelve hours of maintenance time?
You are the program manager for your project. You are working with the project managers regarding the procurement processes for their projects. You have ruled out one particular contract type because it is considered too risky for the program. Which one of the following contract types is usually considered to be the most dangerous for the buyer?
Which of the following components of EVA is described in the statement below?
"It is a measure of how much of the project value has been earned so far through completed work, that is, the budgeted cost of the work that has been performed through the project status date."
You work as a project manager for PassGuide Inc. You want to include a budget contingency to accommodate the risk of incurring unidentifiable but normally occurring costs within the defined scope. Which of the following processes will help you to accomplish the task?
You are the project manager for your organization. Marcy, a project stakeholder, is demanding that you add some deliverables to your project scope for free. You explain to Marcy that it's too late in the project execution to consider adding these deliverables, as most of the software your project team is creating is nearly done. Marcy and you escalate the issue to management.
Management decides that you will add the deliverables to the project scope if Marcy pays a significant fee and allows you additional time to complete the project. What conflict resolution method has management offered?
Which of the following are the types of casual/econometric forecasting methods?
Each correct answer represents a complete solution. Choose all that apply.
Charlie has just completed the project according to the terms of the contract. She and the customer are completing a walk through of the project deliverables, and the customer is asking for changes to the deliverables before she'll accept the product. What project management process should manage the documented change request that may come from scope verification?
Which of the following techniques is described in the statement below?
"It evaluates the abstract early start and finish dates and late start and finish dates for all activities devoid of any resource limitations by performing a forward and backward pass analysis through the schedule network."
Fill in the blank with the appropriate term.
The______ defines the period in which, during the development of the project scope statement, a clear and very thorough project scope statement narrative is documented.
Which of the following techniques is described in the statement below?
"It evaluates the abstract early start and finish dates and late start and finish dates for all activities devoid of any resource limitations by performing a forward and backward pass analysis through the schedule network."
You work as a project manager for PassGuide Inc. You report the project details directly to the vice president and the administrator of your organization. In which of the following types of organization structures are you working?
You are the project manager for your organization. Marcy, a project stakeholder, is demanding that you add some deliverables to your project scope for free. You explain to Marcy that it's too late in the project execution to consider adding these deliverables, as most of the software your project team is creating is nearly done. Marcy and you escalate the issue to management. Management decides that you will add the deliverables to the project scope if Marcy pays a significant fee and allows you additional time to complete the project. What conflict resolution method has management offered?
You work as a project manager for PassGuide Inc. Management has selected the team members for your team in advance. Which of the following techniques of the Acquire project team has been used in the above scenario?
Jane works as a project manager for PassGuide Inc. She is calculating the estimated activity durations for her project. She is using parameters such as duration, budget, size, weight, and complexity from a previous similar project as the basis for estimating the new project. Which of the following estimate activity duration techniques is she using in the project?
Mark works as a project manager for PassGuide Inc. He and his team are working on a new project that involves developing a plan for a new building. You have started estimating the activity durations. You find some uncertainty about the estimates due to the nature of the project. This is your first project. Which of the following estimation techniques is the most likely method that Mark could use to ensure improvement in estimation?
You work as a project manager for PassGuide Inc. You are using market risk, value at risk (VaR), historical simulation (HS), and extreme value theory (EVT) so as to analyze a portfolio and make forecasts of the likely losses that would be incurred for a variety of risks. Which of the following processes are you using to accomplish the task?
Of the following, which best describes the elements in the work breakdown structure (WBS)?
In which of the following contract types, the seller is reimbursed for all allowable costs for performing the contract work and receives a fixed fee payment which is calculated as a percentage of the initial estimated project costs?
You are in a project to create a Website. Your project team has met a few times and you're working with them to develop the project's WBS. Jan, a marketing expert, is in disagreement with Larry over how the Website should function. Gary and Gina are in disagreement over who'll take the lead on the design of the software for the Website. Mark, Mary, and Martha are all bickering about the photo management approach for the Website's pictures. What stage of team development is your project team currently in?
In which of the following processes are the results of executing the quality activities recorded and monitored in order to assess performance and recommend necessary changes?
The figure given below demonstrates the communication model for a project. What role does the component D play in the communication model?
Fill in the blank with the appropriate term.
_______emphasizes on bringing out the best in a team to make sure that self development, positive communication, leadership skills, and the skill to work together as a team to resolve problems are built within the team.
You work as a project manager for PassGuide Inc. You want to calculate the probability of loss due to cost overrun. Which of the following terms describes the above metric?
You work as a project manager for PassGuide Inc. Which of the following stages of the process group, if not performed well by you, is unlikely that the project will be successful in meeting the business needs?
You work as a project manager for PassGuide Inc. You have to finalize all activities across all of the process groups to formally finish the project. Which of the following processes will help you to accomplish the task?
You are the project manager for your organization. Your project is doing fine on time and cost, but management wants to address the project performance for future accomplishment. Management has asked you to begin reporting and forecasting your project's health based on a moving average, extrapolation, trend estimation, and growth curve. What type of forecasting method is management asking you to use?
Which of the following are inputs of the Develop project team process?
Each correct answer represents a complete solution. Choose all that apply.
Which of the following quality costs determines, assesses, or audits products or services to assure conformance to quality standards and performance requirements?
Which of the following processes is described in the statement below?
"It addresses the risks by their priorities, schedules the project management plan as required, and inserts resources and activities into the budget."
Which of the following techniques is used for estimating a variety of project parameters and measures of scale?
Mark works as a project manager for the SLQ Project. He is working with the project team and several key stakeholders to create a diagram that shows how various elements of a system interrelate and the mechanism of causation within the system. What diagramming technique will Mark use to achieve the above task?
You work as a project manager for PassGuide Inc. You are working on a project that has a budget of $805,000 and you have completed 45 percent of the project work. Due to some errors, however, you have actually spent $430,000 of the budget. Management wants to know the project's cost performance index. Which of the following values will you report?
Your project uses a piece of equipment that if the temperature of the machine goes above 450 degree Fahrenheit the machine will overheat and have to be shut down for 48 hours. Should this machine overheat even once it will delay the project's end date. You work with your project to create a response that should the temperature of the machine reach 430, the machine will be paused for at least an hour to cool it down. The temperature of 430 is called what?
You work as a project manager for PassGuide Inc. You are working on a project where there is a limited amount of detailed information about the project or program. Which of the following estimation techniques will you use to accomplish the task?
Which of the following documents refers specifically to the input output mechanism that serves the purpose of providing a narrative description of the sum of the scope of the project?
Nancy is the project manager of the JJJ Project. This project has recently been approved by the project customer as complete so Nancy must now finalize the administrative closure. Nancy needs to create the final project report to report the successes and failures in the project. Who should Nancy deliver this final project report to if she is participating in a projectized structure?
Which of the following conflict resolution techniques can bring the problem into the open and have the third person present?
Fill in the blank with the appropriate term.
A ______ is performed to identify successes and failures that warrant recognition in the preparation or administration of other procurement contracts on the project, or on other projects within the performing organization.
You are the program manager for the HGQ Program in your organization. Your program has eight constituent projects including a small project which you've assigned to Beth a new project manager in your organization. Part of your assignment is to coach Beth on project management in your program. You are telling Beth about the five process groups of project management and how they map to the progression of the project. Which process group would you tell Beth is where she'll likely spend the bulk of the project time and the project budget?
You are the project manager of the NHQ Project for your company. You have completed qualitative and quantitative analysis of your identified project risks and you would now like to find an approach to increase project opportunities and to reduce threats within the project. What project management process would best help you?
Don has hired Jerry, a contractor, to complete a portion of his project work. The contract used was a cost-plus contract. If Don was to perform a risk audit, who would carry the risk in this scenario?
Which of the following is built by aggregating the costs of the individual work elements and then joining them at time intervals where meaningful actual cost information will be available?
You work as a project manager for PassGuide Inc. You want to figure out the cumulative costs needed to bring poor quality service or products up to the mark as defined by project management. Which of the following Plan Quality techniques will help you to accomplish the task?
Fill in the blank with the appropriate term.
______is the measure of chance that, due to unfavorable events, the planned or budgeted cost of events can be exceeded
Which of the following process groups starts after the planning phase of a project is over?
You are the project manager of a computer upgrade project. You and the vendor are in dispute over the deliverables the vendor was to provide and configure. What document can best describe how you and the vendor are to proceed if there is a claim against the vendor?
You are the project manager of the GHY Project for your functional organization. Another project manager that uses some of your project resources has asked that you allow the resources you both share to always be available for her project on every Thursday. The only conflict you have with this request that on Thursday mornings you have a regularly scheduled status meeting. You agree to the request and decide to move the status meeting to Tuesday morning going forward in your project.
What project plan must you update to reflect this change?
Which of the following is built by aggregating the costs of the individual work elements and then joining them at time intervals where meaningful actual cost information will be available?
Which of the following is a method of planning and managing projects that puts more emphasis on the resources required to execute project tasks?
Alan works as a project manager for PassGuide Inc. He is working on the office renovation project. The office has 200 doors. All doors have to be glassed and painted. Before each door can be painted, the glasses must be fitted in them at least 12 hours before. Alan has arranged these tasks with a finish to start relationship between glassing and painting. What else should Alan do to account for the twelve hours of maintenance time?
You work as a project manager for PassGuide Inc. Which of the following processes will you use to aggregate the probable costs of individual activities or work packages to set up an authorized cost baseline?
You work as a project manager for PassGuide Inc. You and your project team are identifying the project activities within the project. Which of the following are the tools and techniques that will be useful in defining the project activities?
Each correct answer represents a complete solution. Choose all that apply.
Which of the following techniques is used to acquire the required services from outside sources when the organization lacks the internal staff required to finish a project?
Thomas is a key stakeholder in your project. Thomas has requested several changes to the project scope for the project you are managing. Upon review of the proposed changes, you have discovered that these new requirements are laden with risks and you recommend to the change control board that the changes be excluded from the project scope. The change control board agrees with you. What component of the change control system communicates the approval or denial of a proposed change request?
You are a Project Manager in your organization who is managing a considerably huge budget project to develop new software. Considering the varied nature of your stakeholder group, you would like to put together a plan as to what information the stakeholders need, and how to provide that information. What is the document that you would need, and as part of which process group would you achieve this?
Fill in the blank with the appropriate term.
______describes the utilization of formal econometric techniques to evaluate the aggregate risk in a financial portfolio
A company is hiring project manager for its new project. Which of the following skills of a professional should it weigh most?
Which of the following diagrams is described in the statement below?
"It allows comparison of the workload with detailed resource availabilities. It also enables roll-up of both resource assignments and availability data to a higher level."
Which of the following tools of the Conduct procurements process is used to assign numerical weights to evaluate criteria and then multiply them by the weights of each criteria factor to come up with total scores for each vendor?
Marsha is the project manager of the NHQ Project. There's a risk that her project team has identified, which could cause the project to be late by more than a month. Marsha does not want this risk event to happen so she devises extra project activities to ensure that the risk event will not happen. The extra steps, however, will cost the project an additional $10,000. What type of risk response is this approach?
You work as a project manager for PassGuide Inc. You have to achieve authorization for a project and define its objectives. In which of the following stages of a project are you working?
Fill in the blank with the appropriate term.
______is the best method to achieve the final equitable settlement for all outstanding issues, claims, and disputes
Which of the following documents refers specifically to the input output mechanism that serves the purpose of providing a narrative description of the sum of the scope of the project?
Which of the following techniques is defined in the statement given below?
"It is a technique where a project team is placed in a single location where they can work in a face-to-face environment to enhance their ability to perform as a team."
Which of the following are inputs of the Direct and Manage Project Execution process?
Each correct answer represents a complete solution. Choose all that apply.
You are a new Project Manager that has been entrusted with a software development project that is in progress. A sub-contracting company has been awarded a cost reimbursable contract to do the development work on this project, and the project has been completed. While trying to close this procurement, you discover that still there are some unresolved claims. However, the sub contract company does not accept that these claims are unresolved. Which of the following is the best method for reaching the final equitable settlement?
Which of the following processes is described in the statement below?
"It is the process of identifying and documenting relationships among the project activities."
Which of the following models is used to determine, implement, monitor, control, and maintain Information Security Management System or ISMS?
You work as a project manager for PassGuide Inc. You are in the project kickoff meeting. Which of the following documents are reviewed during the project kickoff meeting?
Each correct answer represents a complete solution. Choose all that apply.
You work as a project manager for PassGuide Inc. You are determining the scope of a project. Which of the following stages should be completed while determining the scope of the project?
Each correct answer represents a complete solution. Choose all that apply.