Random CAPM 60

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Question 1

Mandatory prerequisite(s) for team building is (are):




Question 2

Scenario:

A general contractor has been asked to provide an estimated cost for a project to build a four bedroom colonial. The contractor has recently built similar houses in the selected neighborhood. The potential buyers would like a ballpark estimate before they  proceed with detailed planning.

In the sample scenario above, what estimating method is the general contractor most likely to use?




Question 3

In network diagramming, a loop means




Question 4

In the sample scenario above, what type of communications report may best communicate the staff loading




Question 5

Human resource administration is the prime responsibility of the:




Question 6

Scenario:

A project manager has been assigned a project in progress because the original project manager resigned. In looking at the project plan, it is clear that the implementation currently scheduled for two weeks from today will not be met, as major pieces of the project are still under development. An E-mail received from the client indicates that he is unaware of the pending delay, as he is requesting confirmation of the travel schedules for the users coming in for training on the to be implemented system. The project managers supervisor

In the above sample scenario, what is the FIRST action the project manager should perform?




Question 7

Which of the following strategies reflect good stakeholder management?




Question 8

The earned value report EV (BCWP) at the end of the project:




Question 9

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?




Question 10

Parametric cost estimating involves:




Question 11

Scenario:

A specifications document was sent to the client representative two weeks ago for review and approval. The planned due date for approval or request for revisions was yesterday, and no comments or approvals were received from the client. The client representative is aware of the due date, as he approved the project plan.

In the sample scenario above, what client management strategy should the project manager use?




Question 12

A method that is used to evaluate projects based on a comparison of their income and monies expended is:




Question 13

Scenario

Project justification and background
Scope and objectives of the project
Organizational relationships and responsibilities
Description of project managers‟ authority
Resources availability
High level project schedule and costs
Major milestones
Management approval

What project document may contain a table of contents similar to the sample list above?




Question 14

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:




Question 15

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:




Question 16

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?




Question 17

The decomposition process is a technique used to construct a:




Question 18

An important part of the staffing plan addresses how personnel will be released when no longer needed on the project. This is important because it:




Question 19

Examples of team building activities include:




Question 20

Scenario:

John Jones hired the ABC Construction Company to build a new office building. The contract is a cost-plus percentage of costs Contract. Estimated costs are $3,000,000 and the estimated total price is $3,300,000. ABC recently completed the building and the associated costs were $4,000,000.

In the above scenario, what is the total price of this building which will be paid by John Jones?




Question 21

Scenario:

The Great Sound company, a consumer electronics manufacturer, has adopted a project development strategy of concurrent  engineering. Marketing, engineering, and production activities will occur simultaneously.

In the above sample scenario, what is a benefit of the concurrent engineering approach?




Question 22

Scenario:

Company XYZ has a fixed price contract to produce 10,000 widgets for a price of $100,000. An invoice will not be generated until all widgets are completed. The budgeted cost of  manufacturing the widgets is $9 per widget. All widgets were to be completed by today. Unfortunately, the project is behind schedule, and only 9,000 widgets have been completed. Actual manufacturing costs to date are $90,000.

In the above scenario, what is the cost variance?




Question 23

Risk response development is intended to:




Question 24

Fast tracking in time management is:




Question 25

In what way does free float (FF) differ from total float (TF)?




Question 26

Which of the following choices would be an acceptable cause for rebaselining a $10 million project?




Question 27

Scenario:

One of the items which the project manager was asked to include in his project plan was a WBS. He was told to begin by assigning cost estimates for each of the lowest level elements of the WBS  and then aggregating the individual estimates.

This method is considered -




Question 28

The MAJOR processes for project integration management are:




Question 29

The project managers leadership style should be matched to the corresponding developmental level of the project team and should move through successive steps in the following order:




Question 30

When it appears that a design error will interfere with meeting  technical performance objectives, the PREFERRED response is to:




Question 31

Scenario

The Excel Company has decided to allocate all overhead costs to projects based on the number of employees assigned to the project. Part time assignments will be prorated. The company currently has an annualized overhead cost of $1 million and there are 500 employees involved in projects.

In the sample scenario above, if a project has 50 full time employees assigned for six months, what is the overhead cost the project must bear?




Question 32

Your project is behind schedule due to conflict between team members. Having resolved the conflict, to get the project back on schedule, you should consider:




Question 33

Scenario:

A project manager must decide whether to purchase a $1 5,000 tool to improve the productivity of her six person team. She guesses that the likelihood of a 10% productivity gain for the six month project duration is 50%. The probability of a 5% in productivity is also 50%. The average team member cost is  $80,000 per year.

In the sample scenario above, what is the expected monetary value of purchasing the tool?




Question 34

What is an example of a product with high quality but low grade?




Question 35

Earned value is:




Question 36

SCENARIO : In a manufacturing project the following data were collected:

Total number of units 12,000
planned price per unit $.60
actual price per unit $.58
actual cost per unit $.37
planned cost per unit $.42

What is the total cost variance of the project?




Question 37

In a schedule, which of the following is not an allowed logical dependency?




Question 38

What is a common complaint of project manager regarding their project sponsors?




Question 39

Effective stakeholder management includes all of the following  project elements EXCEPT:




Question 40

Colocation  is :




Question 41

The project manager is critical to project communication because:




Question 42

What is a category or rank given to entities having the same functional use but different requirements for quality?




Question 43

Life cycle costing:




Question 44

As of the data date, your project schedule has a BCWS of 100. The BCWP, however, is  90. This tells you that your project is currently 10 percent:




Question 45

A Gantt chart is useful in determining:




Question 46

Which of the following is not a necessary input to cost budgeting?




Question 47

Elements of changing a project schedule include all of the following EXCEPT:




Question 48

Scenario:

A Guide to the Project Management Body of Knowledge defines a risk symptom as an indirect manifestation of an actual risk event.

Using the sample definition above, which of the following conditions are risk symptoms




Question 49

A contractor's deliverable has been delayed 30 days. The process of determining how this event will affect the project schedule is called risk:




Question 50

A process is a series of actions to bring about a result. In a project, the five basic process groups (PG) are:




Question 51

Estimators for a project report that the most optimistic time they feel that a task can be completed is five days, the longest that they feel the task will take is fifteen days, the most likely time the task will take is ten days, the average time for completing the task, based on past experience is eight days. Using the PERT concept, calculate the expected duration of the task.




Question 52

A Network analysis technique that shows conditional and  probabilistic treatment of logical relationships is called:




Question 53

Of the following, which is not considered to be an accelerated depreciation method?




Question 54

Characteristics of a good project manager include all of the following except :




Question 55

Scope change control MUST be integrated with all of the following control processes EXCEPT:




Question 56

A likely result of using "compromise" to resolve a two-party conflict is:




Question 57

Resource planning must include consideration of the use of:




Question 58

Estimate at completion (EAC) may be computed as:




Question 59

A communication plan:




Question 60

Scenario

Company XYZ has a fixed price contract to produce 10,000 widgets for a price of $100,000. An invoice will not be generated until all widgets are completed. The budgeted cost of manufacturing the widgets is $9 per widget. All widgets were to be completed by today. Unfortunately, the project is behind schedule, and only 9,000 widgets have been completed. Actual manufacturing costs to date are $90,000. The project manager must report an updated profit loss projection.

In the above scenario, what is the updated profit/loss projection?.Losses are projected as a negative number.