Professional Documents
Culture Documents
100 Questions
100 Questions
1. A project manager is preparing two documents for risk management. One contains sources of
overall project risk and also summary information on individual risks. The second describes
individual risks identified. What name should the project manager give to the first document?
Risk register
Risk report
Risk management plan
Requirements traceability matrix
1. The first project is a process optimization which would result in a cost reduction of
$120,000 per year. This benefit would be achieved immediately after the end of the
project.
2. The second project would be the development of a new product which could produce the
following net profits after the end of the project:
1. year: $ 15,000
2. year: $ 125,000
3. year: $ 220,000
Assumed is a discount rate of 5% per year. Looking at the present values of the benefits of these
projects in the first 3 years, what is true for their monetary attractiveness?
Both projects are equally attractive.
One cannot say based on the numbers.
The second project is more attractive.
The first project is more attractive.
The measurements made at the end of the process yielded the following results:
Which of the following is usually not an element of the project charter and can therefore
removed from the document?
The authority level of the project manager
Detailed control account and work package descriptions
The business need that the project was undertaken to address
High-level risks
References Marked for review
7. A document called ____________ is created by decomposing the project scope into smaller,
more manageable elements.
Scope Statement
Network Logic Diagram
Work Breakdown Structure
Requested Change
Which of the following techniques can ensure best that the different perceptions and opinions
are contributing to the expert discussion?
Peer review
SWOT analysis
Focus group
Monetary value calculation
Which is the PTA (= point of total assumption, break point) of the project?
$1,300,000
$1,500,000
$80,000
$1,125,000
She discovers that two members assigned to the project have charged time without performing
any work for the project customer. Upon further investigation, she determines that this occurred
because there have been no other project assignments open for these employees and that her
company wanted to keep their time billed to a customer. The customer is unaware of these
facts.
The procurement documents will probably have to support what main intention?
Describing the needs of the project in sufficient detail to enable vendors to make suitable
proposals based on each one's specific strengths
Specifying attributes of the requested deliverables in detail to get identical bids from
vendors and allow selection using the "Least cost method".
Helping to clarify the approved project scope statement and giving guidelines to break it
down into the WBS and the WBS dictionary of the project
Developing the risk management plan and the risk reports from those risk management
reviews which have been made so far eith the vendors
Assuming ±3 sigma precision level for each estimate, what is the calculated standard deviation
of the allover path?
App. 4.2 days
App. 5.2 days
App. 6.2 days
You can not derive the path standard deviation from the information given.
a. Theft, embezzlement
b. Fraud
c. Corruption
d. Bribery
e. a
a, b, c, d
b, c, d
b, c
What is the term commonly used for the resources inside the directory?
Unassigned staff
Project team
Resource pool
Program team
BAC is 500,000.
What is right?
EAC = 550,000
EAC = 525,000
EAC = 500,000
EAC = 425,000
This morning you received a message that the resource pool members will be unable to perform
as planned for the next months because the overall work load has grown too high and while
delays are adding up, the morale of the staff is going down.
After budget approval, an additional and unexpected cost item has been identified, which made
the project more expensive some weeks ago. The item has meanwhile been paid by the project,
and it is expected that for the remaining duration of the project, costs will be as budgeted.
In this case, which is the best formula to calculate EaC (Estimate at Completion)?
EaC = BaC - CV
EaC = BaC / CPI
EaC = AC + BtC / CV
You can not compute the EaC.
Which potential inconsistency in the diagram should you solve right now to ensure that the
activities and the milestones "Start" and "A-F finished" are correctly linked?
Activity E is open ended (a "dangle") in relation to the finish milestone path convergence.
Activity F is open ended in relation to the path divergence after the start milestone.
You cannot calculate a critical path when lags and/or leads are calculated in percent.
Activities E to F need another task drawn as a hammock to calculate level of effort.
Which title will the project manager probably give to the document?
Project business case
Benefits management plan
Project charter
Project statement of work
Applying Earned schedule technique, what are the performance data of the project?
SV: -0.5 months, SPI: 0.83
SV: 1.5 months, SPI: 1.5
SV: -2,5 months, SPI: 0.83
SV: 0.5 months, SPI: 1.83
What is true for strategies that can be used for individual risks?
They differ fundamentally from those used for overall risk.
They can also be used to respond to overall risk.
Only responses for threats can also be used for overall risk.
Only responses for opportunities can also be used for overall risk.
During contract development, it has been agreed that the buyer’s procurement statement of
work (SOW) would become an appendix to the contract (CSOW), turning it into a part of the
agreement.
From the contractor’s perspective, which should be among the next steps to initiate and plan the
customer project?
The contractor can mostly disregard the SOW, because the language in the contract’s main
document is the binding one for the project.
The contractor should ensure that the project management team understands how the
CSOW becomes a key input to many of the seller’s processes.
The contractor should regard the requirements laid down in the CSOW as the only binding
ones and focus solely on meeting them during the project.
The contractor-side’s project team can do the project without knowledge of the contract
and the SOW just by clarifying requirements directly with the customer.
A question turns up, which risks should be assumed by contractors and which should remain
the responsibility of the customer.
The actual project work will mostly be done by contractors, and the task of the project team
will be mainly contract development and management and the coordination of the contractors
regarding technical and schedule matters.
In addition to assumptions, what other content may the team capture in the assumptions log?
Project contractors
Summary risks
Technical risks
Constraints
When a project manager has been assigned to the project, what should be the first step to get
chartered for the project?
Collect requirements on the project to prepare the development of the project scope
statement and the work breakdown structure.
Review the business documents to understand the project’s objectives and how it is
expected to contribute to the business goals.
Develop a backlog of product components, features, functions, and develop a bill of
materials from them for the project.
Develop a human resource plan to capture team members assigned and their availability
for the project.