Random CAPM/PMP Welcome to your Random CAPM/PMP 1. A project had a list of identified risks. This list was the risks register. Where can one find the high-level risk ? Project Management plan Project Charter Risk Management Plan Risk Register None 2. The decomposition process is a technique used to construct a: Variance analysis. Precedence network. Work breakdown structure. Critical Path Method Diagram. None 3. Which of the following is driven by the organization's risk tolerance ? Risks identification Risk responses Cost of risk Expected Monetary Value None 4. Which one of the following is NOT true about a cost reimbursable contract ? It requires auditing seller's invoices. The buyers bears the most risk as total cost is unknown until the project is finished The seller has only a moderate incentive to control cost Buyers usually write a detailed statement of work. None 5. You are building a water treatment facility. Routine tests reveal that there are contaminants in the water but that they have an extremely low risk for causing any sickness. As the project manager, you should: Tell the public there is no problem, except for small children and the elderly who need to boil the water before drinking. Educate the public about the advances on water treatment technology and the industry efficiency and safety record. Do nothing because there is extremely low risk for sickness except for some effects on small children and the elderly. Inform the public that a detailed examination has been ordered to determine the extent to which the problem exists. None 6. Conflict resolution techniques that may be used on a project include: Controlling, forcing, smoothing, and withdrawing. Smoothing, confronting, forcing, and withdrawing. Withdrawing, compromising, controlling, and forcing. Confronting, compromising, smoothing, and directing. None 7. The MOST common cause of conflict on a project are schedules, project priorities, and : Personality Cost Resources Management None 8. Which one of the following are the unapproved and undocumented changes and what occurs when to the scope are not detected early enough or are not managed ? Scope baseline Scope creeps Residual Risks Variances None 9. Which one of the following is FALSE about change management in a project ? "Influencing the factors that effect change" means determining the source of changes and fixing the root causes The project manager should make all the effort to prevent unnecessary changes in the project. Whenever there is a change request, the project manager should evaluate the impact on project objectives such as scope, time, cost, quality, risk, resources, and other factors. The project manager should make the change happen as soon as possible to meet and exceed customer expectations. None 10. During project execution, PM/PMO monitors specific results to determine if they comply with relevant standards and identifying ways to eliminate causes of inadequate result is : Quality planning Quality Control Manage quality Quality management None 11. A project was estimated to cost \$1.5 million and scheduled to last six months. After three months, the earned value analysis shows the following: BCWP = \$650,000 BCWS = \$750,000 ACWP = \$800,000 What are the schedule and cost variances? SV= -\$100,000 / CV= -\$150,000 SV= +\$150,000 / CV= -\$100,000 SV= -\$50,000 / CV= +\$150,000 SV= +\$100,000 / CV= +\$150,000 None 12. A scope statement is important because it: Provides the basis for making future project decisions. Provides criteria for measuring project cost. Provides a brief summary of the project. Approves the project for the stakeholders. None 13. As project manager, Henry is cognizant of the importance of effective communication, and he always makes sure that he has the proper physical mannerism, such as facial expressions, hand gestures, and body language, while conveying a message. He is also particularly observant to pitch and the tone of his voice, and he tries to receive comments and feedback from the receiver while communicating. What percentage of Henry's message is sent through nonverbal communication ? Approx. 10 percent to 20 percent No more than 45 percent No more than 30 percent More than 50 percent None 14. Which one of the following is NOT a planning process ? Perform Qualitative Risk Analysis Create WBS Develop Project Team Estimate Costs None 15. Ideally, communication between the project manager and the project team members should take place: Through the formal chain of command. By written and oral communication. Via daily status reports. Through approved documented forms. None 16. if the optimistic estimate for an activity is 12 days, and the pessimistic estimate is 18 days, what is the standard deviation of this activity ? 1.3 6 1 3 None 17. Effective stakeholder management includes all of the following project elements EXCEPT: Frequent cost reports. Scope change control. Timely status information. Clear requirements definition. None 18. As part of the quality audit, the scope statement is checked against the work results to ensure the conformance to the customer requirements. The results should be documented and used for: Estimating future projects. Changing the project scope. Validating the quality process. Defining future project tasks. None 19. A change control board (CCB) is: A formally constituted group of stakeholders responsible for ensuring that only a minimal amount of changes occur on the project. An informal group that has oversight of project implementation. A formally constituted group of stakeholders responsible for approving or rejecting changes to the project baselines. An informal or formal group of team members responsible for changes to a project. None 20. Virtual team is a tool for which of the following processes ? Manage team Control resources Develop resource plan Acquire team None 21. Which document contains the information that describes how the formal verification and acceptance of the project deliverables will be contained ? Scope verification documents Communication management plan Scope Management Plan Statement of work None 22. Planning a project is a process that develops products such as a schedule. This process produces the following for a schedule: Activity definition, activity sequencing, activity execution, and activity duration. Activity definition, activity sequencing, and activity duration estimating. Activity identification, activity execution, and activity results. Activity identification, activity sequencing, activity connection, and activity duration. None 23. In a fixed price incentive fee contract, the target cost is estimated at \$250,000 and the fee at \$35,000. The actual cost came to be \$210,000, since there was a cost saving, the seller shares the saving at a 70/30 ratio ( 70% to the buyer and 30% to the seller). What the final fee and final price ? \$35,000 and \$210,000 \$47,000 and \$210,000 \$47,000 and \$257,000 \$35,000 and \$257,000 None 24. When a product or service completely meets customer's requirements : Quality is achieved The cost of quality is high The cost of quality is low The customer pays the minimum price None 25. Which of the following techniques is used to control the project schedule? Parametric modeling Statistical sampling Pareto diagram Performance measurement None 26. When a project manager places a purchase order for a piece of equipment, it represents which of the following? Expense Commitment Capital investment Cash out-flow None 27. Project sponsors have the GREATEST influence on the scope, quality, time, and cost of the project during the: Execution phase. Close-down phase. Development phase. Concept phase. None 28. A Cost Performance Index (CPI) of 0.89 means : The project is progressing at 89 percent of the rate planned. The project is getting 89 cents out of every dollar invested. When the project time is completed, we will have spent 89 percent more than planned. At this time, we expect the total project to cost 89 percent more than planned None 29. Which of the following assess someone's current engagement level in a project ? Salience Model Stakeholder Engagement matrix Stakeholder Register Power / Interest Grid None 30. A generally accepted method to confirm accuracy of task progress is through: Probability vs. outcome. Work breakdown structure. Earned value. Maximum ceiling. None 31. In what way does free float (FF) differ from total float (TF)? Free float is the amount of total float that does not affect the end date, whereas total float is the accumulated amount of free float. Free float only affects the early start of any immediately following activities. There is no difference, the two terms are functionally equivalent. Free float is commonly referred to as slack time, whereas total float is commonly referred to as float time. None 32. All of the following should be done during the closing process group EXCEPT : Completed project deliverables are handed off to operations and maintenance. Formal sign-off and formal acceptance are received from the customers. Customer acceptance criteria are determined. Final version of the lessons learned are compiled and made available for future projects. None 33. A likely result of using "compromise" to resolve a two-party conflict is: Win-lose. Win-win. Lose-lose. Lose-win. None 34. The objective of fast tracking a project is to: Increase productivity. Reduce project duration. Increase schedule tracking controls. Reduce project risks. None 35. You will be overseeing a project to develop a smartphone application. While analyzing your project, you identify that there is a 55 percent probability of making \$120,000, a 45 percent probability losing \$55,000. What does \$41,250 represent in this case ? Return of Investment (ROI) Net present value Economic value added (EVA) Expected monetary value (EMV) None 36. All the following statements about change control are incorrect, EXCEPT : Contracts should include procedures to accommodate changes. A fixed price contract will minimize the need for change control. Changes seldom provide real benefits to the project. More detailed specifications eliminate the causes of changes. None 37. Formal written correspondence with customer is required when : The project has a schedule slippage that includes changes to the critical path The customer requests additional work not covered under contract The project has cost overruns Defects are detected None 38. A project manager has a problem with a team member's performance. What is the BEST form of communication for addressing this problem ? Informal written communication Formal written communication Formal verbal communication Informal verbal communication None 39. You have just taken control of a project in the middle of execution and need to learn who has approval authority for revisions in scope. Which document provides this information? Project charter Change control plan Client organization chart Resource assignment matrix None 40. Which of the following is true regarding the project charter ? The project charter should be published under the name of the project champion The project charter should be published under the name of a manager external to the project. The project charter should be published under the name of the project manager. The project charter should be published under the project sponsor's name None 41. Risk quantification includes: Identifying potential events and impact. Enumerating sources of internal and external events. Evaluating probability and impact. Developing contingency plans and resources. None 42. Constructive team roles include: Encourager, initiator, and gatekeeper. Withdrawer, harmonizer, and blocker. Summarizer, recognition seeker, and information seeker. Information giver, devil's advocate, and clarifier. None 43. While reviewing one of the activities of team member, you found out that the activity has an early start of days 5, an early finish of day 12, a late start of day 15, and a late finish of 22 day. The team member tells you that he needs an additional four days to complete the activity due to various reasons he can think of. Which one of the following statements is TRUE ? This activity will delay the project The successor activity will be delayed This activity will most probably not delay the project This activity has a lag None 44. What is the difference between the project plan and the performance measurement baseline? The project plan usually changes overtime, while the performance measurement baselines generally changed only in response to an approved scope change. There Is no difference. They are synonymous terms. The project plan consists of a list of tasks, assignments, and estimates formulated into a network diagram or Gantl chart, while the performance measurement baseline document contains the project plan plus descriptions of approach, scope, and risks. The project plan is the informal document that is followed by the approved performance measurement baseline document. None 45. Which of the following is output of Manage Project Knowledge process ? Lesson learned registers Work performance reports Work performance data Approved change request None 46. A contractor's deliverable has been delayed 30 days. The process of determining how this event will affect the project schedule is called risk: Assessment Mitigation Identification Simulation None 47. A CPI value of 1.20 and an SPI value of 1.30 for a project mean which of the following ? The project is making slower progress and costing less than planned The project is making faster progress and costing less than planned The project is making faster progress and costing more than planned The project is making slower progress and costing more than planned None 48. A project's payback period ends when: Cumulative revenue equals cumulative costs. Monthly revenue exceeds monthly costs. Unit profit is realized. Profit maximum is realized. None 49. A controlling process is necessary in project management to ensure planned actions are executed and measured for progress. The controlling process for the schedule typically will focus on: Activities that vary from the plan, whether late or early. Activities starting earlier than scheduled. Activities only on the critical path. Activities starting later than scheduled. None 50. If earned value (EV) = 350, actual cost (AC) = 400, planned value (PV) = 325, what is cost variance (CV) ? 350 -75 -50 400 None 51. During the project scope planning process, the work breakdown structure should be developed to: The sub-project level. The level determined by the project office. A level allowing for adequate estimates. The cost center level. None 52. Scope change control MUST be integrated with all of the following control processes EXCEPT: Schedule Procurement Quality Cost None 53. Negotiating across international cultures involves mutual interdependence between parties. The negotiating MUST be conducted in Mutual trust and cooperation Uncertainty and caution Sincerity and compassion Generalities and vagueness None 54. What is the MOST effective process to ensure that cultural and ethical differences do not impede success of your multi-national project? Teaming Forming Training Co-locating None 55. During project executing, a team member comes to the project manager because he is not sure what work he needs to accomplish on the project. Which of the following documents contain detailed descriptions of the work packages ? Activity List Project Scope Statement WBS Dictionary Scope Management Plan None 56. You are asked by management to select a contract type that will obligate the seller to accept all liability for poor workmanship, engineering errors, and consequential damages in the project. Which of the following contact types will you select ? Time and material Cost plus incentive fee. Fixed price Purchase order None 57. A project manager wants to determine how his project is doing the end of sixth month. The actual total expense of the project is \$720,000. The planned budget for this length of the time was \$600,000. He finds that : The project is ahead of schedule There is not enough information to determine how the project is doing The project is over-budget The project is on track None 58. The primary purpose of the stakeholder register is : To serve as project directory To map functional requirements back to the originating stakeholder To record stakeholder issues on the project To keep a list of all project stakeholders. None 59. To control the schedule, a project manager is reanalyzing the project to predict project duration. She does this by analyzing the sequence of activities with the LEAST amount of scheduling flexibility. What technique is she using ? Flowchart Precedence diagramming Critical path method Work breakdown structure None 60. The disorientation experienced by people who suddenly find themselves living and working in a different environment is known as: Temporal shock. Ethnocentrism Culture shock. Sociocentrism None
