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This is a power point Test Prep. Each Question has one correct answer

Which of the following is NOT a Project Cost Management process?

Cost Estimating Cost Control Cost Budgeting Resource Leveling

Which of the following processes are included in the planning process?

Scope Definition, Project Plan Development, Quality Assurance, Cost Estimating Scope Planning, Staff Acquisition, Stakeholder Identification, and Cost Estimating Project Closure, Cost Estimating, Risk Management, Schedule Development, and Team Development

Scope Planning, Schedule Development, Project Plan Development, Risk Response Development

A goal of portfolio management is:

Manage content of the project Timely exclusion of projects not meeting the portfolios strategic objectives Leveling heuristics across the organizations projects Project cost leveling

Project Integration Management ensures:

The project is completed within schedule and budget The proper scope has been identified for the project All elements of the project are properly coordinated The project will satisfy all the stakeholders

Determining the method and timing of releasing team members, benefits both the project and: Best answer

Team Sponsor Project Leader Team Members Departing Team Member

Formal acceptance is an output of which of the following processes?

Scope definition Scope planning Scope verification Scope change control

Gantt charts help determine?

A tasks starting and stopping point Accountability matrix Decomposition

Amount of effort it takes to complete a task

Providing for reimbursement of allowable costs, plus a fixed fee paid proportionately as the contract progresses is defined as:

Cost Plus Percentage of Cost (CPPC) Cost Plus Fixed Fee (CPFF) Contract Evaluation Cost Plus Incentive Fee (CPIF)

Which of the following response is not a Strategy for Both Threats and Opportunity Acceptance?

Can be either passive or active May be adopted for either threats or opportunities A strategy that is adopted because it is seldom possible to eliminate all risk from Project scope statement

A ____ is a structured, independent review to determine whether project activities comply with organizational policies and procedures.

Quality Audit Quality Metrics Quality Analysis Quality Planning

Constraints that can limit flexibility in the Human Resources Planning process are all of the following, except:

Organizational Structure Resource Availability Economic Conditions Collective Bargaining Agreements

Who should contribute to the development of the project plan?

The entire project team The project coordinator The planning department The senior management

A lump-sum contract under which the seller furnishes goods or services at a fixed price is:

Cost Plus Incentive Fee (CPIF) Contract Initiation Firm Fixed Price (FFP) Fixed Price Incentive Fee (FPIF)

Cost _____ is a time-phased budget that is used to measure, monitor and control overall cost performance on the project.

Baseline Aggregation Performance Management

Of the following, which is not true about bottom-up estimating?

Its accuracy increases if the activities are smaller The WBS must be accurate and complete before this process can be used It is not a useful methodology in the early phases using project planning processes The cost is largely independent of the desired accuracy, so it is the methodology of choice

What is a PMIS?

Performance Measurement Independent System Project Matrix Informal System Project Management Information System Project Management Inter-related system

Policies and procedures that protect team members from safety hazards are included in the staff management plan and:

Organizational Chart Resource Breakdown Structure Risk Register Position Descriptions

Which of the following is not a use of the Work Breakdown Structure?

Configuration Management Focusing attention on the project objectives Funding Integrated logistic support

Why should constructive changes be uniquely identified and documented by project correspondence?

Changes may be disputed by one party and lead to a claim against the other party Changes can include direction provided by the buyer Changes should never be documented

Changes are processed for review and approval through Integrated Change Control process

_____ are factors that can limit the project management teams options.

Logistics Methodologies Constraints Assumptions

Which of the terms below is not a stage of contract negotiation?

Closure Weighting system Probing Scratch bargaining

What is the responsibility of the sender in the communications process? Best Answer

Ensuring the right person gets the right information Making sure that the information is received in its entirety and understood correctly Making the information clear and complete so the receiver can receive it correctly and confirming that it is properly understood Manage stakeholder requirements

The degree to which a set of inherent characteristics fulfills requirements is know as:

Quality Grade Performance Scope

An output of Risk Identification is:

Plan for mitigation Corrective actions A risk register

Expected monetary value of the risk events

Which of the following is not a scenario considered in a Three-point estimate?

Optimistic Most likely Analogous Pessimistic

The Resource Breakdown Structure (RBS) is a _____ of identified resources by resource category and resource type.

Activity Attribute Requested Change Activity Resource Requirement Hierarchical Structure

A statistical method that may identify factors which influence specific variables of a product or process under development or in production is known as:

Cost-Benefit Analysis Benchmarking Design of Experiments Cost of Quality

What are the five processes of project management?

Initiating, Planning, Executing, Controlling, Closing Concept, Planning, Development, Execution, Termination Planning, Verifying, Development, Controlling, Termination Initiating, Planning, Facilitating, Executing, Closing

A bar chart illustrating the number of hours that a person is needed each week or month over the course of the project is called?

Gantt Chart Staffing Management Plan Histogram Responsibility Assignment Matrix

Activities such as measuring, examining and verifying describe which of the following?

Flow chart legend Project risk management Activity duration estimating Inspection

Which of the following is not an advantage of centralized contracting?

More economical Easier to control overall contracting efforts

Less attention to the special needs of individual projects

Orders can be consolidated across several projects

What is Activity Resource Estimating?

Estimating the type and quantities of resources required to perform each scheduled activity Controlling changes to the project schedule Analyzing activity sequences, durations, resource requirements, and schedule constraints to create the project schedule Identifying and documenting dependencies among scheduled activities

A _____ is a component that does not meet its requirements or specifications, and needs to be repaired or replaced.

Corrective Action Preventive Action Defect Change

Changes to the Information Distribution process should trigger changes to project management plan and the _____ management plan.

Human Resources Quality Communications Risk

Cost budgeting is the process of allocating:

The project budget to the various identified work activities in order to establish a basis for the project contingency reserve The overall cost estimate to individual work activities to establish the basis for the project contingency reserve The overall cost estimate to individual work activities to establish a cost baseline for measuring project performance The project budget to the various identified work activities in order to establish a basis for the project estimate

Which of the following is not true concerning project stakeholders? Best answer

They may actively support the project They may exert influence over the projects objectives and outcomes They are actively involved in the project Their interest may be affected by the projects execution or completions

Which Human Resources Management process addresses coordinating change?

Human Resource Planning Acquire Project Team Manage Project Team Develop Project Team

A numbering system used to uniquely identify each component of the work breakdown structure is the:

Project Code Chart of Accounts Error Code Code of Accounts

Of the following, which is not a theme or issue within Project Procurement Management?

Delphi Technique Contract Administration Procurement Planning Solicitation Planning

Which involves choosing part of a population of interest for inspection?

Pareto Chart Run Chart Scatter Diagram Statistical Sampling

Which of the following is not a tools and techniques of Information Delivery?

Communication skills Requested changes Information distribution method Lessons learned process

Parametric estimating is most reliable when all of the following occur except:

The model works for large projects as well as small projects The historical data used to develop the model is accurate Estimates are predictions of conditions in the projects future are forecasted The parameters of the project life cycle are readily quantifiable

What defines when and how often the risk management process will be performed throughout the project life cycle, and establishes risk management activities to be included in the project schedule?

Risk Management Budgeting Timing Definitions of risk probability and impact

Overall project duration is calculated as an output of the _____.

Schedule Development Process Activity Cost Estimates Organizational Process Enterprise Environmental Factors

The Project Quality Management process includes all of the following except:

Quality Planning Quality Assurance Quality Control Quality Variance

What is Information Distribution?

Collecting and distributing performance information Making needed information available to project stakeholders in a timely manner Determining the information and communications needs of the project stakeholder Managing communications to satisfy the requirements of and resolve issues with project stakeholders

Cost _____ are generally expressed in units of currency.

Budgets Variances Estimates Controls

To have a successful project, the team must do all of the following except:

Select process within the Project Management Process Groups which require meeting the project objectives Apply the processes of the Project Management Process Group which requires meeting the project objectives Balance time, scope, cost, quality, resources Meet stakeholder needs, wants and expectations

Matrix-based charts are used to illustrate the connections between work that needs done and:

Stakeholders Work Breakdown Structure Responsibilities Team Members

The sum of the products, services, and results to be provided as a project is:

Planned Value The Scope S-Curve Schedule Variance

Which of the terms is generally used when the sellers selection decision will be based on price (as when buying commercial or standard items):

Technical Approach Proposal Tender Technical Skills

Identification, response development, assessment and documentation are major processes of risk management. Which of the responses listed below is not a major process?

The projects change control system Planning, Identification, Documentation, and Assessment Identification, Planning, Evaluation, Response Development, Mitigation, and Documentation

Planning, Identification, Qualitative Analysis, Response Planning, and Monitoring and Control

A thorough review of the _____ will help identify potential project risks.

Projects mission statement Projects budget Projects change control system Risk identification checklists

Resource calendars are known inputs under which two time management processes?

Activity Sequencing and Scheduled Development Activity Duration Estimating and Scheduled Development Activity Resource Estimating and Scheduled Development Activity Sequencing and Scheduled Development

Process Analysis examines all of the following except:

Problems Experienced Constraints Experienced Work Performance Non-Value-Added Activities

A specific type of histogram, ordered by frequency of occurrence, which shows the number of defects generated by category or identified cause is known as a:

Flowchart Scatter Diagram Pareto Chart Run Chart

Which of the following is not an input of Communication Planning?

Project management plan Communications management plan Project scope statement Enterprise environmental factors

_____ information on the completion status of the deliverables and what has been accomplished is collected as part of the project execution, and is fed in the Performance Reporting process.

Performance measurement Change request Work performance Quality control

Cost variance is computed as:

Actual cost planned value Planned value actual cost Actual cost earned value Earned value actual cost

Identifying relevant quality standards and how to address them should occur in which phase?

Planning process phase Quality control phase Risk phase Project Life Cycle phase

Identifying relevant quality standards and how to address them should occur in which phase?

Planning process phase Quality control phase Risk phase Project Life Cycle phase

The Staffing Management Plan is an output of which Human Resource Management process?

Develop Project Team Acquire Project Team Human Resource Planning Manage Project Team

Scope Definition involves:

Developing a scope management plan Developing a detailed project scope statement as the basis for future decisions on the project Controlling the project scope

Formalizing acceptance of the project deliverables

Indirect costs are:

Also known as risk management (contingency) cost Cost not arising out of the performance of work on the project Project costs that were not specifically accounted for in the project budget Costs other than the salary of project team members such as sick and vacation leave

A project is:

An ongoing activity undertaken to meet a market requirement A set of activities preformed in a system A temporary activity to create a unique product result or service Linked by the results they produce

The following formats exist to document team member roles and responsibilities, except:

Text Oriented Format Matrix Responsibility Chart Hierarchical-type Organization Chart Work Breakdown Structure

Scope Definition involves:

Developing a detailed project scope statement as the basis for future decisions on the project Controlling the project scope Formalizing acceptance of the project deliverables Developing a scope management plan

Enterprise environmental factors are one input of plan, purchases and acquisitions. Which of the following is not an input?

Project Time Management WBS Dictionary Project Scope Statement Organizational Process Assets

Which of the following is not true about risk identification?

It is an interactive process It determines which risks might affect the project and documents their characteristics It describes the content and format of the risk register

All project personnel should be encouraged to identify risks

Which of the following is a risk monitoring and control tool and technique?

Exploit Risk Register Prioritized list of quantified risks Reserve Analysis

Project Time Management includes the processes required to:

Control changes to the project schedule Accomplish the timely completion of the project Estimate the number of work periods Schedule Activities

Monitoring specific project results to determine relevance to quality standards is known as:

Quality Variance Quality Assurance Quality Control Quality Planning

Which is not part of the Project Communications Management process?

Cost of Quality Information Distribution Performance Reporting Manage Stakeholders

Influencing the factors that create cost variances and control changes to the project budget is defined as:

Cost Budgeting Cost Benefit Cost Control Cost Variance

Of the following, which is not related to cost recognition?

The point in time when costs are charged to the project The allocation of contractor earned bonuses to project costs The way in which performance incentives are integrated into project costs The point in time when costs are budgeted to the various activities

What is the use and purpose of project planning methodology?

Maximize the value of the project phases Any structured approach to help prepare the project plan Project phases within a project cycle Implementation of and inclusion of the portfolio

What are the two major types of evaluation?

Change process and status reports Work satisfaction and midpoint evaluation Midproject and final evaluation Customer satisfaction and survey

A subset of the project team responsible for activities such as planning, controlling, and closing is known as:

Stakeholders Staffing Management Team Sponsor(s) Project Management Team

The _____ shows the time periods that team members are expected to work on the project, along with information such as training plans, certification requirements, and compliance issues.

Project Management Plan Staffing Management Plan Resource Histogram Gantt Chart

Which of the following are outputs of the Scope Change Control process?

Corrective action and schedule updates Scope changes and formal acceptance Scope changes, corrective action, and lessons learned Lessons learned and scope definition

Milestone charts primarily are used to:

Show significant events in the project Show the start and stop of a task Show the critical path Demonstrate constraints

What is the primary concern of a procurement audit?

Maintaining the project A numbering system Work Breakdown Structure

Identifying successes and failures that warrant recognition

Which of the following is a constructive change?

Viewing as negative, quantified and tabulated Postponing as long as possible to protect the budget Identifying and documenting project correspondence Submitting bids to relevant vendor list

The Delphi Technique is a way to reach consensus. Which of the statements listed below is a characteristic of the Delphi Technique?

Does not help to reduce bias in the data Project risk experts participate anonymously Consensus may be reached in many rounds of this process

Ensures that one person may have a greater influence on the outcome

Constructing a project schedule network diagram that uses nodes to represent activities and connect them with arrows that show dependencies is known as:

Gantt Chart Arrow Diagramming Method Precedence Diagramming Method Work Breakdown Structure

The project management team determines the dependencies that may require a _____ to accurately define the logical relationship.

Mandatory or External Discretionary or External Discretionary or Mandatory Lead or Lag

Of the following, which is not a benefit of meeting quality requirements?

Increased Costs High Productivity Increased Stakeholder Satisfaction Less Rework

The quality _____ records the quality objectives of the project.

Checklists Metrics Measurements Baseline

A flowchart is a graphical representation of a process which shows:

Various factors linked to potential problems Activities, decision points and the order of processing Predictable performance Whether a process is stable

Which of the following is not an output of Performance Reporting?

Resolved Issues Performance Reports Forecasts Requested Changes

All of the following resources are included in activity cost estimating, except:

Information Technology Time Shortages Facilities Materials

The cost management plan:

Is a formal document integrated into the overall project management plan Should be highly detailed and describe how all cost variances are to be managed May be omitted if the integrated change management plan is sufficiently detailed Is a tool that is used to adjust cost estimated to reflect the realities of the project budget

Communication skills are related to, but are not the same as _____.

Information distribution Communication planning Project management communications Performance reporting

Which of the following is not an input to cost budgeting?

Project Schedule Risk Management Plan Cost Variances Work Breakdown Structure

In estimating the total of material resources required for a project, you must first estimate the amount of waste to be expected. You will most likely find this information in which process?

Supporting detail Parametric modeling Resource requirements Historical information

The set of processes required to ensure the various elements of the project that are coordinated are called:

Project Charter Management Project Quality Control Management Project Integration Management Project Communications Management

Organization recognition dinners, certificates of appreciation, newsletters, bulletin boards, Web sites, and other organizational perquisites should be available to the _____ as part of the process.

Staffing Management Team Sponsor (s) Project Management Team Stakeholders

If project team members do not possess required competencies, performance can be jeopardized. When should competencies first be addressed? Best answer

When Acquiring Project Team When defining Roles and Responsibilities In the Project Management Plan In the Staffing Management Plan

What ensures that all work within the project is identified and defined within a common framework?

Project Plan Risk Analysis Work Breakdown Structure

Cost/Benefit Analysis

Make-or-Buy Analysis should consider which of the following?

Foreign Currency Exchange EV minus PV Project team directory

Direct and Indirect costs of a prospective procurement

Congratulations Q&A Completed

In the pursuit of learning, every day something is acquired.

Lao Tzu