Review Questions

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1. You are working on a project that was proceeding well until a manufacturing glitch occurred that requires corrective action. It turns out the glitch was an unintentional enhancement to the product, and the marketing people are absolutely crazy about its potential. The corrective action is canceled, and you continue to produce the product with the newly discovered enhancement. As the project manager, you know that a change has occurred to the product scope because the glitch changed the characteristics of the product. Which of the following statements is true?

A. Changes to product scope should be reflected in the project scope.

B. Changes to product scope should be documented in the scope management plan.

C. Changes to product scope will result in cost changes.

D. Changes to product scope are a result of corrective action.

2. You are working on a project that was proceeding well until a manufacturing glitch occurred that requires corrective action. It turns out the glitch was an unintentional enhancement to the product, and the marketing people are absolutely crazy about its potential. The corrective action is canceled, and you continue to produce the product with the newly discovered enhancement. As the project manager, you know that a variance has occurred. Which of the following is true?

A. Common causes of variance, also known as special-cause variances, are situations that are unique and not easily controlled at the operational level.

B. Random variances, known or predictable variances, and variances that are always present in the process are known as common causes of variance.

C. Attribute inspection determines whether measurements fall within tolerable results.

D. Scatter diagrams display the relationships between an independent and a dependent variable to show variations in the process over time.

3. Your project has experienced some changes to the agreed-upon WBS elements. The changes were approved through the proper change control process. The WBS changes might in turn require which of the following? Choose the best answer.

A. Scope changes

B. Cost changes

C. Schedule revisions

D. Risk response changes

4. You are a project manager for Dakota Software Consulting Services. You're working with a major retailer that offers its products through mail-order catalogs. It is interested in knowing customer characteristics, the amounts of first-time orders, and similar information. The stakeholders have accepted the project scope. Work has begun on the project, and you're confirming some of the initial work results with the stakeholders. You've asked for acceptance of the work results. Which process are you in?

A. Monitor and Control Risks

B. Perform Quality Control

C. Verify Scope

D. Control Scope

5. You are the project manager for a top-secret software project for an agency of the United States government. Your mission—should you choose to accept it—is to complete the project using internal resources. The reason is that getting top-secret clearances for contractors takes quite a bit of time and waiting for clearances would jeopardize the implementation date. Your programmers are 80 percent of the way through the programming and testing work when your agency appoints a new executive director. Your programmers are siphoned off this project to work on the executive director's hot new project. Which of the following addresses the purpose of Verify Scope in this case?

A. Verify Scope determines the correctness and completion of all the work.

B. Verify Scope documents the level and degree of completion.

C. Verify Scope determines whether the project results comply with quality standards.

D. Verify Scope documents the correctness of the work according to stakeholders' expectations.

6. Which of the following statements is true regarding schedule variances?

A. Schedule variances impact scope, which impacts the schedule.

B. Schedule variances sometimes impact the schedule.

C. Schedule variances always impact the schedule.

D. Schedule variances never impact the schedule.

7. You are a project manager for Laurel's Theater Productions. Your new project is coming in over budget and requires a cost change through the cost change control system. You know all of the following statements are true regarding Control Costs except for which one?

A. A description of how cost changes should be managed and controlled is found in the cost management plan.

B. Cost changes are reflected in the cost baseline.

C. EVM is used to determine the cost performance that must be realized for the remaining work of the project to meet the goal.

D. This equation, EAC = BAC / cumulative CPI, is used to forecast an estimate at completion assuming future project performance will be the same as past performance.

8. Which of the following might require rebaselining of the cost baseline?

A. Corrective action

B. Revised cost estimates

C. Updates to the cost management plan

D. Budget updates

9. What are the performance measurements for the Control Schedule process?

10. This measurement is the value of the work that has been completed to date compared to the budget.

11. You are a contract project manager for a wholesale flower distribution company. Your project is to develop a website for the company that allows retailers to place their flower orders online. You will also provide a separate link for individual purchases that are ordered, packaged, and mailed to the consumer directly from the grower's site. This project involves coordinating the parent company, growers, and distributors. You are preparing a performance review and have the following measurements at hand: PV = 300, AC = 200, and EV = 250. What do you know about this project?

A. The EAC is a positive number, which means the project will finish under budget.

B. You do not have enough information to calculate CPI.

C. The CV is a negative number in this case, which means you've spent less than you planned to spend as of the measurement date.

D. The CV is a positive number in this case, which means you're under budget as of the measurement date.

12. A negative result from an SV calculation means which of the following?

A. PV is higher than EV.

C. EV is higher than PV.

D. EV is higher than AC.

13. You are a contract project manager for a wholesale flower distribution company. Your project is to develop a website for the company that allows retailers to place their flower orders online. You will also provide a separate link for individual purchases that are ordered, packaged, and mailed to the consumer directly from the grower's site. This project involves coordinating the parent company, growers, and distributors. You are preparing a performance review and have the following measurements at hand: PV = 300, AC = 200, and EV = 250. What is the CPI of this project?

14. You accept project costs to date and assume future work (ETC) will be performed at the budgeted rate. If BAC = 800, ETC = 275, PV = 300, AC = 200, EV = 250, and cumulative CPI = 1.25, what is the EAC?

15. You know that BAC = 375, PV = 300, AC = 200, and cumulative EV = 250. Variances that have occurred on the project to date are not expected to continue. What is the ETC?

16. You expect future project performance to be consistent with the project performance experienced to date. If BAC = 800, ETC = 275, PV = 300, cumulative AC = 200, EV = 250, and cumulative CPI = 1.25, what is the EAC?

17. You know that BAC = 500, PV = 325, AC = 275, CPI = .9, and EV = 250, and you are using actual costs to date and assuming ETC uses the budgeted rate. Variance at completion tells you which of the following?

18. You know that BAC = 500, PV = 325, cumulative AC = 275, and cumulative EV = 250 and that you are experiencing typical variances. What is ETC?

19. Your project progressed as planned up until yesterday. Suddenly, an unexpected risk event occurred. You quickly devised a response to deal with this negative risk event using which of the following outputs of Monitor and Control Risks?

A. Risk management plan updates

B. Workarounds

C. Corrective action

D. Additional risk identification

20. Which of the following is considered the most critical EVM metric?

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Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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