Random CAPM 60

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Question 1

The Program Evaluation and Review Technique (PERT) method of scheduling differs from the Critical Path Method (CPM) because the PERT method:




Question 2

Which of the following strategies will be most helpful in developing a good client relationship?




Question 3

Estimate at completion (EAC) may be computed as:




Question 4

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




Question 5

A precise description of a deliverable is called a:




Question 6

Which of the following statements correctly identifies the relationship between the contracts manager (i.e.,procurement specialist) and the project manager?




Question 7

During the contract close-out, the project manager needs to document the:




Question 8

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




Question 9

One way that the graphical evaluation and review technique (GERT) differs from the program evaluation and review technique (PERT) is that it:




Question 10

A network analysis technique that allows for conditional and probabilistic treatment of logical relationships is know as:




Question 11

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




Question 12

Scenario:

A project manager realizes that there is an unlikely, but possible  risk that an ice storm could delay the arrival of staff for the implementation weekend. Once in the past ten years, the area  has been hit with an ice storm.

Which of the following risk mitigation strategies is most appropriate given the scenario above?




Question 13

Scenario :

The Delphi technique is a risk identification method used by project  managers to poll expert advice.

In the above sample scenario, what is a key characteristic of the Delphi technique ?




Question 14

You've been engaged to manage a project. The estimated cost of the project is $1,000,000. The project sponsor has approved this amount. Your earned value calculations indicate that the project will be completed on time and under budget by $200,000. Based on this calculation, your personal profit will decrease by $2,000. At the completion of this project, the project manager will document and archive all project information.

This information may be used for future projects in all areas EXCEPT:




Question 15

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




Question 16

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 17

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 18

In the earned value system, cost variance is computed as:




Question 19

You've been engaged to manage a project. The estimated cost of the project is $1,000,000. The project sponsor has approved this amount. Your earned value calculations indicate that the project will be completed on time and under budget by $200,000. Based on this calculation, your personal profit will decrease by $2,000.

Given the estimated decrease in personal profit, what action should you take?




Question 20

Which of the following techniques is used to control the project  schedule?




Question 21

In which project phase do you have the GREATEST influence on project risk?




Question 22

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 23

In network diagramming, a loop means




Question 24

Risk quantification includes:




Question 25

Ideally, communication between the project manager and the project team members should take place:




Question 26

Due to cuts in funding, your project has been terminated. The scope verification process:




Question 27

The main difference between the two types (ADM and PDM) of the critical path method (CPM) of scheduling




Question 28

Resource leveling of a project schedule:




Question 29

During the sixth monthly update on a ten-month, $30,000 project, the analysis shows that the PV (BCWS) is $20,000 and the AC (ACWP) is $10,000. The EV (BCWP) is also determined to be $15,000. What can be determined by these figures?




Question 30

The three principle interests in maintaining good document control are:




Question 31

Analogous estimating:




Question 32

What is a common complaint regarding iterative development methodologies, e.g., building a system through cyclical iterations?




Question 33

Which of the following statements would be most likely to be associated with a compromise style of conflict resolution?




Question 34

The measure used to forecast project cost at completion is:




Question 35

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




Question 36

Analogous estimating is also called:




Question 37

 

Sally Woo is the project manager of a fixed price project  nearing completion. The project has been less profitable than  planned, but has not lost money. Team members worked 10- 20 hours of compensated overtime per week during the past month to complete the effort.

In the above sample scenario, what is an appropriate project close-down activity?




Question 38

Scenario

A contractor estimates that completion of a house will take six months. After further questioning, he estimates that, worst case, the house completion will require 11 months, and best case, five  months.

In the sample scenario above, what is the standard deviation of the house completion?




Question 39

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




Question 40

Network diagrams are good for depicting:




Question 41

As a project manager, you know that the most important activity to ensure stakeholder satisfaction is




Question 42

The fast tracking  method of schedule compression, which is  frequently used on projects today, usually involves:




Question 43

A change control board (CCB) is:




Question 44

The decomposition process is a technique used to construct a:




Question 45

Present value is the calculation of:




Question 46

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 47

The purpose of a dummy activity in activity-on-arrow diagramming is to:




Question 48

Conflict resolution techniques that may be used on a project include:




Question 49

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




Question 50

Configuration management is any documented procedure used to apply technical administrative direction and surveillance to:




Question 51

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




Question 52

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 53

The time phased budget that reflects the actual expenditures rather than the consumption of a resource that will be used to measure and monitor cost performance on a project is the:




Question 54

How many hours in a work week does a typical manager spend in the act of communicating?




Question 55

Of the following conflict management approaches, which is believed to lead to the LEAST enduring positive results?




Question 56

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




Question 57

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




Question 58

Most project managers spend about _________ of their work time engaged is some form of communications.




Question 59

A parametric cost estimate:




Question 60

A generally accepted method to confirm accuracy of task progress is through: