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Of the following, which best describes the elements in the work breakdown structure (WBS)?

A.

The elements are the description of the required work.

B.

They are deliverables.

C.

They analyze the risk.

D.

Elements are part of a weak matrix.

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?

A.

Confronting

B.

Issue management

C.

Compromising

D.

Forcing

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?

A.

Perform Quality Control

B.

Report Performance

C.

Close Project or Phase

D.

Close Procurements

You work as a project manager for BlueWell Inc. You are currently working with the project stakeholders to identify risks in your project. You understand that the qualitative risk assessment and analysis can reflect the attitude of the project team and other stakeholders to risk. Effective assessment of risk requires management of the risk attitudes of the participants. What should you, the project manager, do with assessment of identified risks in consideration of the attitude and bias of the participants towards the project risk?

A.

Evaluate the bias towards the risk events and correct the assessment accordingly

B.

Evaluate the bias through SWOT for true analysis of the risk events

C.

Evaluate and document the bias towards the risk events

D.

Document the bias for the risk events and communicate the bias with management

You work as a project manager for PassGuide Inc. You are working on a construction project. You are compiling and reviewing the comments to draft deliverables prior to forwarding them to the contractor for incorporation into the final draft. You are responsible for communicating the changes to the reviewer who initially made the comments. Who among the following will be responsible for updating the draft deliverables and producing the final deliverables in the above scenario?

A.

Contractor

B.

Project manager

C.

Reviewer

D.

Risk manager

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?

A.

Estimate at completion method

B.

Time series methods

C.

Causal/econometric methods

D.

Judgmental methods

Which of the following statements about Work Breakdown Structure (WBS) are true?

Each correct answer represents a complete solution. Choose all that apply.

A.

It defines a project and groups the project's discrete work elements in a way that helps to organize and define the total work scope of the project.

B.

It cannot be revised and updated as needed by the project manager.

C.

It provides a framework for detailed cost estimating and control along with providing guidance for schedule development and control.

D.

It is an important project management tool.

Which of the following does not require the WBS as an input?

A.

Activity definition

B.

Cost estimating

C.

Negotiation

D.

Resource planning

Fill in the blank with the appropriate term.

A______ specifies the sequence and number of letters or numbers required for each level and the symbol separating the levels in a work breakdown structure (WBS) code or a custom outline code.

What cost estimating approach uses the work breakdown structure to create a cost estimate?

A.

Analogous

B.

Definitive

C.

Parametric

D.

Top down