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

2. Which of the following is NOT a Project Cost Management process? • Cost Estimating • Cost Control • Cost Budgeting • Resource Leveling ☺

3. 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 ☺

4. A goal of portfolio management is: • Manage content of the project • Timely exclusion of projects not meeting the portfolio’s strategic objectives ☺ • Leveling heuristics across the organization’s projects • Project cost leveling

5. 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

6. 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

7. Formal acceptance is an output of which of the following processes? • Scope definition • Scope planning • Scope verification ☺ • Scope change control

8. Gantt charts help determine? • A task’s starting and stopping point ☺ • Accountability matrix • Decomposition • Amount of effort it takes to complete a task

9. 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)

10. 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 ☺

11. 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

12. 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

13. Who should contribute to the development of the project plan? • The entire project team ☺ • The project coordinator • The planning department • The senior management

14. 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)

15. Cost _____ is a time-phased budget that is used to measure, monitor and control overall cost performance on the project. • Baseline ☺ • Aggregation • Performance • Management

16. 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 ☺

17. What is a PMIS? • Performance Measurement Independent System • Project Matrix Informal System • Project Management Information System ☺ • Project Management Inter-related system

18. 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

19. 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

20. 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

21. _____ are factors that can limit the project management team’s options. • Logistics • Methodologies • Constraints ☺ • Assumptions

22. Which of the terms below is not a stage of contract negotiation? • Closure • Weighting system ☺ • Probing • Scratch bargaining

23. 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

24. The degree to which a set of inherent characteristics fulfills requirements is know as: • Quality ☺ • Grade • Performance • Scope

25. An output of Risk Identification is: • Plan for mitigation • Corrective actions • A risk register ☺ • Expected monetary value of the risk events

26. Which of the following is not a scenario considered in a Three-point estimate? • Optimistic • Most likely • Analogous ☺ • Pessimistic

27. 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 ☺

28. 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

29. 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

30. 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

31. Activities such as measuring, examining and verifying describe which of the following? • Flow chart legend • Project risk management • Activity duration estimating • Inspection ☺

32. 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

33. 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

34. 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

35. Changes to the Information Distribution process should trigger changes to project management plan and the _____ management plan. • Human Resources • Quality • Communications ☺ • Risk

36. 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

37. 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

38. Which Human Resources Management process addresses coordinating change? • Human Resource Planning • Acquire Project Team • Manage Project Team ☺ • Develop Project Team

39. 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 ☺

40. Of the following, which is not a theme or issue within Project Procurement Management? • Delphi Technique ☺ • Contract Administration • Procurement Planning • Solicitation Planning

41. Which involves choosing part of a population of interest for inspection? • Pareto Chart • Run Chart • Scatter Diagram • Statistical Sampling ☺

42. Which of the following is not a tools and techniques of Information Delivery? • Communication skills • Requested changes ☺ • Information distribution method • Lessons learned process

43. 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 project’s future are forecasted ☺ • The parameters of the project life cycle are readily quantifiable

44. 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

45. Overall project duration is calculated as an output of the _____. • Schedule Development Process ☺ • Activity Cost Estimates • Organizational Process • Enterprise Environmental Factors

46. The Project Quality Management process includes all of the following except: • Quality Planning • Quality Assurance • Quality Control • Quality Variance ☺

47. 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

48. Cost _____ are generally expressed in units of currency. • Budgets • Variances • Estimates ☺ • Controls

49. 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

50. Matrix-based charts are used to illustrate the connections between work that needs done and: • Stakeholders • Work Breakdown Structure • Responsibilities • Team Members ☺