4/27/2020 Project Management Professional Practice Quiz 1

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Project Management Professional Practice Quiz 1
1. Which of the following is a tool used to secure expert judgment?
⚪ Work Breakdown Structure (WBS)
⚫ Expected value technique
⚪ Delphi Technique
⚪ Peer Review
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 III
⚪ Project I
⚪ Either Project II or IV
⚪ cannot say from the data provided
3. What should be done by the project manager to ensure that all work in the project is
Included?
⚪ Create a scope statement
⚫ Create a WBS
⚪ Create a risk management plan
⚪ Create a contingency plan
4. What kind of a relationship is implied when completion of a successor is
dependent on initiation of its predecessor?
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pp
⚪ FS
⚫ SS
⚪ SF
⚪ FF
5. What should a project manager do or follow to ensure clear boundaries for
project completion?
⚪ Scope verification
⚪ completing a scope statement
⚫ Scope definition
⚪ Risk management plan
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
⚪ Work out a mitigation plan
⚪ Procure an insurance against the risk
⚫ Drop the alternative approach
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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 +/- 2.83
⚪ 75.5
⚫ 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 control
⚪ Quality planning
⚪ Checking adherence to processes
⚪ Quality assurance
9. Which of the following provides the foundation for team development?
⚪ Organizational development
⚪ Motivation
⚫ Individual development
⚪ Conflict management
10. Which of the following is NOT an input to project plan execution?
⚪ Project plan
⚫ Work authorization system
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⚪ Corrective action
⚪ Preventive action
11. A project manager would find team development the most difficult in which form of
organization?
⚪ Projectized organization
⚫ Balanced Matrix organization
⚪ Tight Matrix organization
⚪ Weak Matrix organization
12. The project manager of a large multi-location software project team has 24
members, out
of which 5 are assigned to testing. Due to recent recommendations by an organizational
quality audit team, the project manager is convinced to add a quality professional to
lead the
test team at additional cost, to the project. The project manager is aware of the
importance of communication, for the success of the project and takes this step
of
introducing additional communication channels, making it more complex, in order
to
assure quality levels of the project. How many additional communication
channels
are introduced as a result of this organizational change in the project?
⚪ 5
⚫ 24
⚪ 25
⚪ 1
13. Once the project is complete, the complete set of project records should be put in
which of
the following?
⚪ Database
⚫ Storage room
⚪ Project archives
⚪ Project report
14. Which of the following is a common format for performance reporting?
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⚪ Pareto diagrams
⚫ Responsibility assignment matrices
⚪ Control charts
⚪ 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
⚪ Project is over budget and ahead of schedule
⚪ Project is over budget and behind schedule
16. During execution of a project, an identified risk event occurs that results in additional
cost
and time? The project had provisions for contingency and management reserves. How
should
these be accounted for?
⚪ Secondary risks
⚪ Contingency reserves
⚫ Management reserves
⚪ Residual risks
17. Which one of the following is the last step of project closing?
⚪ Archives are complete
⚫ Client appreciates your product
⚪ Lessons learned are documented
⚪ Client has accepted the product
18. Who should be involved in the creation of lessons learned, at closure of project?
(choose
the BEST answer)
⚪ Management of the performing organization
⚪ Project office
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Next
⚫ Stakeholders
⚪ Project team
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 communication management plan
⚫ A course on linguistic differences
⚪ An exposure to the cultural differences
⚪ A training course on the laws of the country
20. While reviewing the progress, the project manager assesses that an activity has
been
missed out from the implementation plan. A milestone, scheduled to be achieved within
another week, would be missed with the current implementation plan. Which of the
following is the next best action for the project manager in this situation?
⚪ Report the error and the expected delay
⚫ Report the error and the planned recovery actions
⚪ Assess alternatives to meet the milestone
⚪ Omit the status update on the milestone
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Answers
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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
question has also just been emailed to you.
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 III
4. What kind of a relationship is implied when completion of a successor is dependent
on initiation of its predecessor?

SF
5. What should a project manager do or follow to ensure clear boundaries for project
Completion?
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
aparticular 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?
Drop the alternative approach
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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 +/- 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 assurance
10. Which of the following is NOT an input to project plan execution?
Work authorization system
11. A project manager would find team development the most difficult in which form of
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 archives
14. Which of the following is a common format for performance reporting?
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 ahead of schedule
17. Which one of the following is the last step of project closing?
Archives are complete
18. Who should be involved in the creation of lessons learned, at closure of project?
(choose the BEST answer)
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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?
An exposure to the cultural differences
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