4/27/2020 Project Management Professional Practice Quiz 1

Project Management Professional Practice Quiz 1 Results

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Below are the questions you missed on the quiz. An email with detailed explanations for each
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2. Based on the information provided below, which project would you recommend for being
pursued?Project I, with BCR (Benefit Cost ratio) of 1:1.6; Project II, with NPV of US $
500,000; Project III, with IRR (Internal rate of return) of 15% Project IV, with opportunity
cost of US $ 500,000.
Project I
Project III

4. What kind of a relationship is implied when completion of a successor is dependent on

initiation of its predecessor?
FS
SF

5. What should a project manager do or follow to ensure clear boundaries for project
completion?
Scope definition
Completing a scope statement

6. An organization is certified to a stringent environmental standard and uses that as the

key differentiator with its competitors. Alternative identification during scope planning for a
particular project has thrown up an expeditious approach to achieve a project need, but this
involves a risk of environmental contamination. The team evaluates that the likelihood of
the risk is very low. What should the project team do?
Plan all precautions to avoid the risk
Drop the alternative approach

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4/27/2020 Project Management Professional Practice Quiz 1

7. The following three tasks form the entire critical path of the project network. The three
estimates of each of these tasks are tabulated below. How long would the project take to
complete expressed with an accuracy of one standard deviation? Task Optimistic Most
likely Pessimistic A 15 25 47 B 12 22 35 C 16 27 32
75.5 +/- 8.5
75.5 +/- 7.08

8. After a study of the work processes on a project, a quality audit team reports to the
project manager that irrelevant quality standards were being used by the project, which
might lead to rework. What was the objective of the project manager in initiating this study?
Quality planning
Quality assurance

10. Which of the following is NOT an input to project plan execution?

Project plan
Work authorization system

11. A project manager would find team development the most difficult in which form of
organization?
Balanced Matrix organization

Weak Matrix organization

13. Once the project is complete, the complete set of project records should be put in
which of the following?
Project report
Project archives

14. Which of the following is a common format for performance reporting?

Responsibility assignment matrices

Bar charts

15. If the cost variance is positive and the schedule variance is also positive, then it
indicates that …
Project is under budget and behind schedule
Project is under budget and ahead of schedule

17. Which one of the following is the last step of project closing?
Client has accepted the product

Archives are complete

18. Who should be involved in the creation of lessons learned, at closure of project?
(choose the BEST answer)
Project team

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4/27/2020 Project Management Professional Practice Quiz 1

Stakeholders

19. An organization has recently started outsourcing work to a low cost, high value
engineering center located in a different country. Which of the following should the project
manager ensure for the team as a proactive measure?
A training course on the laws of the country

An exposure to the cultural differences

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