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Based on the chart, while completing the project, a team member tells you that the team forgot something during planning. Activity F needs the results of activity E before it can begin.

Taking this new dependency into account, what would be the effect on the project?

A.

It would increase the critical path.

B.

Communication would be more complex.

C.

There would be no effect.

D.

It would delay activity F.

Which of the following methods is a project selection technique?

A.

Flowcharting

B.

Earned value

C.

Cost-benefit analysis

D.

Pareto analysis

What risk technique is used to quantify the probability and impact of risks on project objectives?

A.

Expert judgment

B.

Risk registry

C.

Risk response planning

D.

Interviewing

Placing many or all of the most active project team members in the same physical location to enhance their ability to perform as a team is called which of the following?

A.

Team training

B.

Co-location

C.

Team location

D.

Organization training

The positive value of conflict is underestimated. Properly managed, conflict is a valuable tool, particularly when __________.

A.

A diversion is needed

B.

Conflict may cause a loss of status or position power

C.

Conflictive situations are in their early stages and emotional involvement is low

D.

Conflictive situations are in their late stages and emotional involvement is high

Which tool and technique of quality planning involves comparing actual or planned practices to those of other projects to generate ideas for improvement and provide a basis by which to measure performance?

A.

Histogram

B.

Quality audits

C.

Benchmarking

D.

Performance measurement analysis

What is the difference between expected monetary value and net present value?

A.

Expected value is the estimated value of the work actually accomplished and net present value is the value of the work to be done.

B.

Expected value is the value it takes to recover your investment and net present value is the value of money.

C.

Expected value is the probability times impact of an opportunity and net present value is the benefits less costs over many time periods.

D.

Expected value is the estimated value of risk response plans and net present value helps determine the value of investments.

The sponsor has informed you that the resources for your project will be cut. The sponsor wants to know how long the project will take if only nine resources each month are committed to your project.

What is this activity called?

A.

Crashing

B.

Floating

C.

Leveling

D.

Fast tracking

What happens to a stakeholder's project influence over time?

A.

Increases

B.

Decreases

C.

Stays the same.

D.

Has no bearing.

A business case is an input to which of the following processes?

A.

Collect Requirements

B.

Define Scope

C.

Develop Project Charter

D.

Develop Project Management Plan

Which project management process ensures the seller's performance meets procurement requirements and that the buyer performs according to the terms of the legal contract?

A.

Plan Procurements

B.

Perform Quality Assurance

C.

Administer Procurements

D.

Conduct Procurements

What is a specific advantage of analogous estimating in comparison with other cost estimate techniques?

A.

Uses contingency reserves

B.

Less costly and time consuming

C.

Can be applied to segments of work

D.

More accurate

A project manager for a small construction company has a project that was budgeted for US $130,000 over a six-week period. According to her schedule, the project should have cost US $60,000 to date. However, it has cost US $90,000 to date. The project is also behind schedule, because the original estimates were not accurate.

Who has the PRIMARY responsibility to solve this problem?

A.

Project manager

B.

Senior management

C.

Project sponsor

D.

Manager of the project management office

While preparing your risk responses, you realize that you have not planned for unknown risk events. You need to make adjustments to the project to compensate for unknown risk events. These adjustments are based on your past project experience when unknown risk events occurred and knocked the project off track.

What should you do?

A.

Include a management reserve in the budget to try to compensate for the unknown risks, and notify management to expect unknown risks to occur.

B.

Document the unknown risk items and calculate the expected monetary value based on probability and impact that may result from the occurrence.

C.

Determine the unknown risk events and the associated cost, then add the cost to the project budget as reserves.

D.

With the stakeholders, determine a percentage of the known risk budget to allocate to a management reserve budget.

Who is responsible for issuing the project charter?

A.

The project sponsor

B.

The senior Project Manager

C.

The project team

D.

The project manager