Take Test: Final Exam - Summer 2021 - BUS 5003 - Project Management- IRA

Test Information
Description Final Exam - Summer 2021
BUS 5003 - Project Management- IRA
Instructions You have 90 minutes to complete the exam.
There are 50 Multiple Choice Questions.
This final exam is worth 25% or your final mark for the course.
You only have ONE attempt to complete the exam.
By taking this exam, you confirm compliance with the Academic Regulations 2021-22.
Students are required to abide by the terms of the Academic Regulations.
Appropriate corrective action will be taken in response to violations of the Academic
Regulations.
Timed Test This test has a time limit of 1 hour and 30 minutes.This test will save and submit automatically when
the time expires.
Warnings appear when half the time, 5 minutes, 1 minute, and 30 seconds remain.
Multiple This test allows multiple attempts.
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Remaining Time:

01 minute, 57 seconds.

Question Completion Status:

QUESTION 1
1. Project manager skills and expertise may include all of the following except:

Project Monitoring Information Systems expert

Strategic Thinker who knows how to translated requirements into solutions through projects
Timely and proactive manager
Legal expert
Possesses High emotional quotient

0.5 points
QUESTION 2
1. You are meeting with your Vice President to convince her that there will be many benefits
if your organization centralizes project management. You describe all of the following
benefits EXCEPT:

an overview of all project management activities

a big picture of how organizational resources are being used
a competitive international edge
a risk assessment of her portfolio of projects
a link to project execution management
 0.5 points
QUESTION 3
1. Which of the following is not a step in project closedown?

Creating a status report

Evaluating and reassigning project team members
Shutting down resources and releasing them to new uses
Getting delivery acceptance from the customer
Closing accounts and paying all bills

0.5 points
QUESTION 4
1. How many Procurement Policies and Procedures are there in the BPS Directive?
10
25
35
40
50

0.5 points
QUESTION 5
1. Which of the following are examples of mandatory EXEMPTIONS to Freedom of
Information in Canada?

Cabinet records / info given in confidence from other governments

Drafts – bylaws, private bills, records of meetings that are authorized by statute to be held in
the absence of the public
Info that could potentially endanger the health or safety of an individual
Personal information about an individual other than the requestor
Both (a) and (d) above

0.5 points
QUESTION 6
1. Resources are people, equipment and material that can be drawn on to accomplish
something
True
False

0.5 points
QUESTION 7
1. Ted has finished his project schedule and the estimated completion date is two months
later than his boss publically promised. What is the best way for him to crash his
schedule?

Increase costs by reviewing work packages and activities to identify work that was originally
scheduled to occur consecutively but can be changed to concurrently
 Increase costs by adding more resources to specific tasks to reduce duration (e.g. instead of
1 person working 4 days on a task, assign 2 people to finish it in 2 days)
Increase risks by reviewing work packages and activities to identify work that was originally
scheduled to occur consecutively but can be changed to concurrently
Increase risks by adding more resources to specific tasks to reduce duration (e.g. instead of
1 person working 4 days on a task, assign 2 people to finish it in 2 days)
Both (b) and (c) above

0.5 points
QUESTION 8
1. Donna is an experienced PM who makes sure she doesn’t ‘shoot’ the messenger when
team members deliver bad news, in order to encourage involvement and engagement from
all staff working on her project. This demonstrates that she can lead by example in which
of the following areas?
priorities
urgency
problem solving
standards of performance
cooperation

0.5 points
QUESTION 9
1. What is the second step in Stakeholder Analysis?

Assess how stakeholders will react in various situations

Use the expert judgement of others in the organization
Identify the positive support or negative impact each stakeholder could generate
Brainstorm a list of all potential stakeholders
None of the above

0.5 points
QUESTION 10
1. Tony is meeting with his Project Sponsor to explain why he doesn’t think the project should
outsource some key project work. His list of arguments includes;

Coordination breakdowns between organizations

Loss of control
Security issues

Cost reduction
All of the above except (d)

0.5 points
QUESTION 11
1. Cindy is dealing with constraints related to people, materials and equipment. What type of
constraint is this?
 Schedule constraint
Technical constraint
Resource constraint
Logic constraint
Both (b) and (c) above

0.5 points
QUESTION 12
1. Which of the following terms do not relate to the project cost?

Earned value
Planned value
Schedule variance
Cost variance
both (b) and (c) above

0.5 points
QUESTION 13
1. Simon is closing down his project and has just been contacted by the area manager of
several of his project team members. The area manager is conducting annual
performance reviews for those project team members and would like Simon’s input
regarding their performance on the project. Where does Simon work?

Project matrix
Functional organization
Balanced matrix
Project organization
Unable to tell without additional information

0.5 points
QUESTION 14
1. Sandra has just been called to meet with her project sponsor, who has told her the
following, “Give the new product to me now, the way it is. Early entry into the market will
mean big profits – and if we don’t do it now, we will lose this opportunity!” What type of
closing should she initiate?

Premature
Changed Priority
Perpetual
Failed
Normal

0.5 points
QUESTION 15
1. The purpose of the Broader Public Sector (BPS) Procurement Directive in Ontario is to
ensure publically funded goods and services are through a process that:
 is open, fair and transparent
demonstrates the purchase is absolutely necessary
that clearly outlines responsibilities
that is managed consistently
All of the above except (b)

0.5 points
QUESTION 16
1. Leading project includes coping with the following types of challenges for project
managers:

Recognize the need to change to keep the project on track

Provide direction and motivation
Innovate and adapt as necessary
Integrate assigned resources
All of the above

0.5 points
QUESTION 17
1. In context of applying Agile Project Management to Large Projects, STAGING assures

analysis and harmony.

compatibility and harmony.
design and development.
none of the above.

all of the above

0.5 points
QUESTION 18
1. Which of the following are NOT characteristics of public-private-partnerships (P3s)?

Provision of goods/ services to meet a defined output specification

A substantial portion of the cost is paid over the life of the asset
Transfer of risk to the public sector
Taxpayers are not on the financial hook for cost overruns or delays
All of the above

0.5 points
QUESTION 19
1. Agile Project Management allows stakeholders and customers review progress and re-
evaluate priorities to ensure alignment with
customer needs and company goals.
customer needs, wants and desires
 only specific company goals
only goals approved by product owner
all of the above

0.5 points
QUESTION 20
1. What is the order of the Five Stage Team Development Model?

forming-storming-performing-adjourning-norming
storming-forming-performing-norming-adjourning
forming-storming-norming-performing-adjourning
forming-storming-performing-norming-adjourning
norming-forming-storming-performing-adjourning

0.5 points
QUESTION 21
1. Which of the following is an example of a direct cost?

The time charged to the project by the finance lead using timekeeper software
The cost of paint, brushes and overalls

The renting of sprayer for painting job

All of the above

Both (a) and (b) above

0.5 points
QUESTION 22
1. Which of the following is a common multi-criteria selection model?
Checklist
Net Present Value
Weighted criteria model
All of the above
Both (a) and (c) above

0.5 points
QUESTION 23
1. Jean is a project manager leading the development of a risk management plan with her
project team. She is developing risk response strategies for the risk that the value of the
Canadian dollar may increase, thus reducing the cost of supplies she must purchase from
the USA. Which of the following strategies can she use?

Mitigating
Avoiding
 Accepting
Enhancing
Both (c) or (d) above

0.5 points
QUESTION 24
1. The Project Control Steps include the following;

Setting a baseline - Comparing plan against actual - Measuring progress - Taking action
Setting a baseline - Comparing plan against actual - Taking action - Measuring progress
Setting a baseline - Controlling changes - Comparing plan against actual - Taking action
Setting a baseline - Measuring progress - Comparing plan against actual - Taking action
Setting a baseline - Measuring progress – Controlling changes - Taking action

0.5 points
QUESTION 25
1. Kathy is conducting a Lessons Learned session with her project team. She is explaining
the fishbone diagram as a tool for them to conduct root-cause analysis. In this diagram,
the symptoms (primary and secondary causes) aof the problem are drawn onto;

the head
the tail
the spine
the bones
None of the above

0.5 points
QUESTION 26
1. The final step in the creation of a Work Breakdown Structure is to
Code the WBS for tracking
Assign the cost account to a manager
Assign the work package to a manager
Develop the responsibility matrix
All of these are included in the final step

0.5 points
QUESTION 27
1. To complete projects, Agile Project Management RELIES on

incremental, integrated development cycles

intense, iterative development cycles
intense, integrated development cycles
incremental, iterative development cycles
none of the above
 0.5 points
QUESTION 28
1. Public-private-partnerships (P3s) can take the form of a number of different models that
vary according to private sector involvement. All the models discussed in class include the
following three components:
design-build-maintain
build-operate-maintain
design-build-operate
build-finance-maintain
design-build-finance

0.5 points
QUESTION 29
1. In a RACI chart, the C stands for;

Communication
Consulted
Conversation
Conferenced
None of the above

0.5 points
QUESTION 30
1. Managing a project includes coping with the following types of complexity for project
managers:

Formulate plans and objectives

Monitor results
Take corrective action
Expedite activities
All of the above

0.5 points
QUESTION 31
1. Katie is managing a long and difficult project and her team is in conflict. She has done
some analysis and determined that her best approach will be to mediate the conflict. This
is an example of an approach for:
Team dysfunctional conflict
Team functional conflict
High performing conflict
Both (b) and (c)
None of the above

0.5 points
QUESTION 32
 1. The technical dimensions of project management include which of the following?

Leadership
Resource Allocation
Schedules
Negotiation
Both (b) and (c) above

0.5 points
QUESTION 33
1. You are meeting with your Vice President to convince her that there will be many benefits
if your organization centralizes project management. You describe all of the following
benefits except:

an overview of all project management activities

a big picture of how organizational resources are being used
a competitive international edge
a risk assessment of her portfolio of projects

a link to project execution management

0.5 points
QUESTION 34
1. Freedom of Information laws in Canada do not apply to backups on laptops, computers,
hard-drives or network drives.

True
False

0.5 points
QUESTION 35
1. The Agile Project Management principles of self-organization and close collaboration can
be incompatible with

Technology
Innovation
Research & Development
Corporate Cultures
None of the above

0.5 points
QUESTION 36
1. Public Private Partnerships (P3s) include clear benefits for the following;
The public
Governments / Government Agencies
The private sector
 All of the above
Both (a) and (b) above

0.5 points
QUESTION 37
1. Tony is meeting with his Project Sponsor to explain why he doesn’t think the project should
outsource some key project work. His list of arguments includes;

Cost reduction
Coordination breakdowns between organizations
Loss of control
Flexibility
Both (b) and (c) above

0.5 points
QUESTION 38
1. Public Private Partnerships (P3s) include clear benefits for the following;

The public
Governments / Government Agencies
The private sector
All of the above
Both (b) and (c) above

0.5 points
QUESTION 39
1. Brendon has just assigned resources to his project. He still needs to address four of the
following five questions – which one does he NOT have to address at this time?

Do unforeseen resource dependencies exist?

How much flexibility does he have in using resources?
Will outside contractors have to be used?
Will the assigned labour (or equipment) be adequate and available to deal with his project?
When is the assigned team taking vacation next year

0.5 points
QUESTION 40
1. The risk assessment form contains all of the following EXCEPT

Who will detect the occurrence of the risk event

Difficulty of detecting the occurrence of the risk event
When the risk event may occur
Likelihood of the risk event occurring
Potential impact of the risk event

0.5 points
QUESTION 41
1. Project Managers must utilize many skills, including an ability to ‘trade organizational
currencies’. What category of currency includes; acceptance (providing closeness and
friendship); personal support (giving personal and emotional backing); and understanding
(listening to others’ concerns and issues)?
Technical
Position
Inspiration
Relationship
Personal

0.5 points
QUESTION 42
1. One of the limitations and concerns of Agile Project Management is it requires

active customer involvement and cooperation.

upfront detailed planning
customer to only see the final result, once all sprints are complete
more than 10 dedicated team members to complete the work
None of the above

0.5 points
QUESTION 43
1. What is the best strategy for managing stakeholders with high power and high interest?

Keep Satisfied
Keep Informed
Manage Closely
Provide General Information
Both (b) and (d) above

0.5 points
QUESTION 44
1. Sources of project changes include:
Scope changes
Improvement changes
Team turnover
All of the above
Both (a) and (b) above

0.5 points
QUESTION 45
1. Advantages of time-constrained projects include;

Peak resource demands are reduced

 Fluctuation in resource demand is minimized
Increases in the criticality of all activities
All of the above
Both (a) and (b) above

0.5 points
QUESTION 46
1. Traits of an effective project manager include all of the following EXCEPT:
Proactive
High emotional intelligence (EQ / EI)
Advanced accounting skills
General business perspective
Effective time management

0.5 points
QUESTION 47
1. Typical steps in a change control processes include the following:

submission of change request – decision – notification of decision – updating or records –

implementation of change
change originates – evaluation – decision – updating or records
submission of change request – evaluation – decision – notification of decision – updating or
records
change originates – review – notification of decision – implementation of change
submission of change request – decision – implementation of change – notification of
decision – updating or records

0.5 points
QUESTION 48
1. Which of the following is not one of the basic rules to follow when developing project
networks?

Each activity must have a unique identification number

Conditional statements are not allowed but looping statements are allowed
An activity identification number must be larger than that of any preceding activities
An activity cannot begin until all preceding activities have been completed
Networks flow from left to right

0.5 points
QUESTION 49
1. The procurement management process includes;

Planning purchases, acquisitions and contracting

Requesting seller responses and selecting sellers
Administering and closing contracts
All of the above
 Both (a) and (c) above

0.5 points
QUESTION 50
1. What is the best strategy for managing stakeholders with low power and low interest?
Provide General Information
Keep Satisfied
Keep Informed
Manage Closely
Both (a) and (b) above

0.5 points

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