What would your sponsor interpret your S curve performance report as, when the Earned value is lower than the Actual Cost, especially for a project, which is in its third month of the 14 months expected duration?
The correct interpretation is that the project is over budget and late as planned because the Earned Value (EV) is less than the Actual Cost (AC), indicating that the project is spending more than anticipated and is behind schedule.
What estimate technique would you use, if as an experienced manager in a past job, you are in charge of a complete warehouse electrical installation project, of which you and your present organization have done in the past?
Analogous Estimates is the most appropriate technique for this scenario, as it relies on the use of historical data from similar projects to estimate the current project's cost and duration.
Your current shareholders are pressuring you to complete a project you are in charge of; meanwhile, the project is currently delayed by a flash flood, your lead architect however comes up with a suggestion that could help you complete the project as well as decrease the timing. Being the project manager what is the best thing to do?
The best approach is to identify the effects of the proposed change on the project's scope and cost, and include this information in a change request to be submitted for approval. This ensures all impacts are considered before making any decisions.
Enforcing the use of code review checklist for a racing simulation software you are in charge of, after getting a report of issues with air tunnel modeling module is a good example of_____
This is an example of Preventive Action because you are implementing a code review checklist to prevent future issues related to the air tunnel modeling module.
A High Rise residential building project you are the project manager of has been reported to face potential severe weather, which would affect the plinth building and delay it. The plinth is noted as the critical path after making a Network diagram. Are you expected to be worried and why?
Yes, because any delay on the critical path leads to a delay in the entire project. The critical path represents the sequence of tasks that determine the project's minimum duration.
Being the manager of a project, you are aware that risks are involved in completing a job – aware that assessing risks ahead will help you handle it much better, one of your managers suggests the use of SWOT technique when you consulted them. What is the next step of this technique?
The next step in the SWOT analysis is to identify the organization’s strengths and weaknesses. This helps in understanding internal factors that could affect the project.
An architect in your team suggests that you use caches rather than interacting with the database on every activity, they explain that doing so will improve performance and should be done before any other activities dealing with database interaction. This project is a software development project for the BFSI domain. This is ____ type of dependency?
This is a Discretionary or Soft Logic dependency because it is based on best practices rather than mandatory or hard logic requirements.
One of these will be the best choice of features for a WBS Dictionary.
Option D is the most comprehensive choice, including essential elements like Work Package ID, Work Package Description, Cost, Assumptions, Control Account ID, Acceptance Criteria, and Responsible Organization, which provide detailed information necessary for managing the project effectively.
Change of log does all these except_____
The changelog is used to document requests that are approved, rejected, or cause changes during a project, but it does not include documenting changes unrelated to cost, time, or risk.
S-Curve shows the relationship between one of these
The S-Curve shows the relationship between Planned Value (PV), Earned Value (EV), and Actual Cost (AC) over time, which is used to monitor project performance.
One of these is not true about Risk Management?
The correct answer is that Quantitative Risk Analysis does not involve prioritizing risks; prioritization happens in Qualitative Risk Analysis.
Contract does not involve one of these:
The correct answer is that a contract, unlike other plans, does not undergo an approval process like internal documents but involves legal obligations between parties.
Your organization gets a project of arranging the electrical aspects of a 5-star hotel. They see it as a simple project with lots of experience in this area and decide to hire a contractor. What sort of contract is this?
A fixed-price contract is appropriate here because the scope is clear, and the contractor is experienced, which places the risk of performance on the contractor.
The hierarchy that shows resources is _____
RBS (Resource Breakdown Structure) displays the hierarchy of resources, including both human and mechanical resources necessary for the project.
You are in charge of a school playground project. The school wants the toys and sandpit finished before the new session, which is in a month, but the analysis shows it will take longer. You see it is possible to install the toys while the sandpit is being worked on. This is an example of_______
This is an example of Fast Tracking, where activities that were originally planned to be done in sequence are overlapped to reduce the schedule.
As a project manager, what document would the executive management have you prepare if a change in environmental law hinders your current bridge-building project?
Scope Verification is required to confirm that the project deliverables meet the requirements and that the project is completed as planned, even when external factors like changes in law occur.
What is it called when a colleague doubles the estimate of a task due to not knowing the duration and wanting to be safe?
This is known as Padding, which involves adding extra time to the estimate as a buffer against uncertainty, a sign of poor project management.
What is it called when a project manager decides to use past data of the company to estimate a similar project, which does not readily have detailed requirements?
Analogous estimating uses historical data from previous projects to estimate costs and durations when detailed information is not available.
One of these approaches gives a win-win condition as well as incorporates various viewpoints, varying perspectives, needs cooperation and mostly leads to a unanimous agreement:
Collaborate/problem solve involves open dialogue and cooperation to achieve a consensus, making it a win-win situation.
Where would you store information on work packages, containing the statement of work, work package details, and individuals in charge of the work package?
The WBS Dictionary is where detailed information about each work package, including scope, cost, and responsibility, is stored.
What process do these tasks belong to: activity sequence, durations, resource needs, schedule delays, and project schedule?
The tasks described are part of the Develop Schedule process, which involves analyzing activity sequences, durations, resource requirements, and creating a project schedule.
What information gathering technique are you adopting if you send questionnaires to experts promising complete anonymity rather than calling them to your office to give a good risk assessment strategy?
The Delphi Technique is used to gather information from experts while ensuring their anonymity, making it ideal for risk assessment strategies.
The Achievement Theory of Motivation is best described as:
The Achievement Theory of Motivation suggests that people are driven by the need for achievement, power, and affiliation.
Which of these processes has the benefit of maintaining effectiveness and efficiency among stakeholders as the environment and project changes?
Control Stakeholder Engagement is the process that maintains effectiveness and efficiency among stakeholders as the project and environment evolve.
What would be your immediate action if as a project manager you receive a report that your current project; a bridge over a river may need to be redesigned due to a predicted heavier monsoon?
The correct action is to log the risk in the risk register, which allows the project team to formally acknowledge the risk and address it through the appropriate channels.
You are in charge of a plantation project. On creating a schedule network diagram, you found out there are two paths. The first path has two activities set for 2 and 5 weeks while the second path has 3 scheduled work with a duration of 1, 3, and 3 weeks each. Which of these paths is the critical path?
The critical path is the longest path through the project network diagram, which determines the shortest possible project duration. Here, both paths have the same duration of 7 weeks, making both critical paths.
Project Manager functions as _____ in Procurement.
The Project Manager ensures that the contract meets the project requirements, including status reporting, meeting attendance, and communication needs.
Which of these best explains the Theory X style management?
Theory X management assumes that employees are naturally lazy, dislike work, and will avoid tasks if they can.
After joining a new organization, you soon find out project managers do not document experiences from past projects. You rally them around and explain the usefulness of making these records. To win their decision, what would you focus on?
Documenting historical information is crucial as it can be used for future projects, providing valuable lessons learned and improving project outcomes.
How best can you communicate with a team member who comes late for work and leaves early, and when asked, has no genuine reasons and repeats the same offense, affecting the timing of the project?
Formal and written communication is the most appropriate way to address recurring issues as it documents the problem and the actions to be taken, ensuring clarity and accountability.
Decomposition is best said to be ______
Decomposition describes the process of breaking down deliverables into discrete work packages that can be developed better. It also aids in avoiding cracks to give the team a better frame of the task involved.
You are one of the Executive management team the project managers report to. A particular project manager submitted their data, and you are worried about the condition of the project. AC = 200000 USD, EV = 300000 USD, PV = 550000 USD. You feel the project is falling behind the delivery date; the project manager, however, the engineer feels they are ahead. Which of the data interpretation is correct?
This is due to the fact that SPI = EV / PV = 300000 / 550000 = < 1. When SPI is less than 1, it indicates the project is overdue.
When asked to facilitate, measure, and control quality, you were given 7 basic quality tools also known as 7QC tools. What would they be?
To measure and control quality, you have to make use of basic quality tools such as cause and effect diagrams, flowcharts, check sheets, control charts, and Pareto diagrams.
What should you do as a project manager if one of your engineers makes some corrective actions without recording them, keeping in mind that the project is going on smoothly?
All forms of changes as well as corrective and preventive and defects must undergo replacement foregoing the adjustments that are being put in place. It is important to record historical data as it can serve as data for future projects. Therefore, documenting the corrective actions performed is crucial.
What kind of contract would be appropriate for a situation whereby you are negotiating with a contractor on adding a few staff members- software developers and testers, without a statement of work that reflects these changes?
Seeing as the description of the work is quite unclear dealing with contracting additional staff - the most suitable decision of contract is Time and Materials (T&M).
Lack of control and consistency in a process is called _____
A procedure that lacks consistency as well as certainty is referred to as 'out of control'.
Different members’ tasks for a project are detailed in _____
The Responsibility Assignment Matrix (RAM) describes the contrasting activities for members of the project.
What does ISO stand for?
ISO stands for the International Organization for Standardization.
Quality Audit serves one of these functions _____
The quality review aims to point out unsuitable and unproductive policies.
Scope of Management Plan does not entail one of the following:
The correct answer is that the Scope Management Plan does belong to the Project Management Plan. The Scope Management Plan guides how the scope will be defined, documented, monitored, and controlled, provides guidance regarding the enterprise environmental factors and organizational process assets that would play a part, and provides guidance on how the Project Scope will be verified.
Being the project manager on a project, you made an addition of some dummy activities to accurately display logical relationships. The programming method you used is:
The correct answer is the Precedence Diagramming Method (PDM), which uses dummy activities to show accurate logical relationships.
A painting project of a high-rise building you are in charge of has gotten to a stage whereby you need to lease some stilt ladders. The ladder costs $1000 and $4 daily, while leasing it on a daily basis costs $12. What should your duration be to ensure an accurate decision?
The correct answer is that the duration should be less than 126 days, as it would be more economical to acquire the ladder if the usage is equal to or greater than 126 days.
Bar chart is inferior to a situation network when:
The correct answer is that a bar chart is inferior when it comes to showing interdependencies between activities.
What technique is suitable if, as a project manager in charge of supplying the estimate for a road construction project, you need to provide the estimate based on cost per square feet data available?
The correct answer is Parametric Estimating technique, which is used when cost per unit data is available.
When a data point in a control chart needs investigating, this is called:
The correct answer is 'a special cause,' which describes a data point in a control chart that requires investigation.
How can you best describe a Heuristics?
The correct answer is 'thumb rule,' which is a simplified approach or guideline used for problem-solving or decision-making.
As a new project manager replacing another due to health issues, you are now in charge of a project with multiple contractors; where would you find the information for the type of reports and frequency to send them?
The correct answer is the Communication Management Plan, which details the frequency, mode, and type of communication needed for the project.
What would be the best choice if you decide to make information on a project you are managing available to stakeholders periodically?
The correct answer is 'Performance reporting,' which involves the regular distribution of information regarding the project’s progress.
You have been brought onto a project to replace a former manager on an ongoing project since they are behind schedule. On the Schedule Network Diagram, the project is 3 weeks behind schedule, which then makes you crash the schedule – what does this mean?
The correct answer is 'Include extra resources to the activities on the Critical path,' which is what 'crashing the schedule' involves—adding resources to critical path activities to shorten the project duration.
