Your company is embarking on a project to launch a new product delivery service. You are the project manager for this project and have just finished the concept phase. The various outputs/deliverable(s) for this phase include______________
A. Project management plan
B. Scope of work and requirements C. Project charter and stakeholder register D. Roles and responsibilities of the project manager
Correct Answer: C
Explanation:
Explanation:
The project charter signifies official sanction by top management and starts the planning, or development, phase. This document formally recognizes the existence of the project and provides the project manager with the authority to apply organizational resources
to project activities. The stakeholder register is an output of identify stakeholders and also an output during the initiating processes.
Life-cycle phase definitions are different in different industries. For example, all of the following are terms that could be used in the closing phase of a project EXCEPT______________
A. Testing and commissioning B. Conversion C. Implementation D. Final audit
Correct Answer: C
Explanation:
Explanation:
Regardless of the many terms used across many industries, implementation would be considered a term used in the executing phase in which the work is carried out and done. Kerzner 2009, 69
Today, the primary cause of why projects are not completed on time and within cost and are terminated early is due to______________
A. Contractual issues B. Complexity of the project C. An increase in the allocated time D. Behavioral-oriented reasons
Correct Answer: D
Explanation:
Explanation:
Behavioral reasons, rather than quantitative reasons, account for more project terminations because it is much more difficult to manage people than things. Issues such as poor morale, poor human relations, poor labor productivity, and no commitment from those
involved in the project combine to thwart project success in many industries.
During the stages of team development, your team is in which stage when there is problem solving and interdependence along with achievement and synergy?
A. Storming B. Forming
C. Norming D. Performing
Correct Answer: D
Explanation:
Explanation:
The performing stage of team development is noted by a theme of productivity. Management skills involve consensus building, problem solving, decision making, and rewarding, with leadership shown through management by walking around, stewardship
delegation, mentoring, being a futurist, and being a cheerleader/champion.
You are working on a project to upgrade the existing fiber-optic cables in your province. You have determined that a resource can install 25 meters of cable per hour, so the duration required to install 1,000 meters would be 40 hours. This means you are
using______________
A. Productivity efficiency factors B. Parametric estimating C. Analogous estimating D. PERT
Correct Answer: B
Explanation:
Explanation:
Parametric estimating uses statistical relationships between historical data and other variables to calculate an estimate for activity parameters such as cost, budget, and duration. The activity durations then are determined quantitatively by multiplying the quantity
of work to be performed by the labor hours per unit of work. This technique can produce higher levels of accuracy depending on the reliability of the data in the model.
It often is advantageous to appoint a termination manager in the closing phase of the project and release the project manager so that he or she is available to work on another project. If this is the case, the termination manager should focus attention on all but
which one of the following?
A. Ensuring that documentation is complete B. Ascertaining any product support requirements C. Receiving formal acceptance of the project from the client D. Preparing personnel performance evaluations
Correct Answer: D
Explanation:
Explanation:
The project manager, or whoever supervised the work of each individual team member, should prepare the personnel evaluations because they have an intimate understanding of the work performed by the team members. The termination manager focuses
instead on the administrative requirements of termination and the environment within which the project will be operating if it is continued in any way.
You are the project manager for a major logistics installation project and must obtain specific services from local sources external to your project. Your subcontracts administrator has told you to prepare a product or service description, which is referenced in
a______________
A. Project statement of work B. Contract scope statement C. Request for proposal D. Contract
Correct Answer: A
Explanation:
Explanation:
The project statement of work describes in a narrative form the products, services, or results that the project will deliver. It references the product scope description as well as the business need and strategic plan.
A watch list of low priority risks is documented in the______________
A. Work performance information B. Risk register C. Fallback plans D. Risk response plan
Correct Answer: B
Explanation:
Explanation:
The monitor and control risks process includes keeping track of those risks on the watch list. Low-priority risks are inputs to the monitor and control risks process and are documented in the risk register. Other inputs that are part of the risk register include
identified risks and risk owners, agreed-upon risk responses, control actions to assess the effectiveness of response plans, specific implementation actions, symptoms and warning signs of risk, residual and secondary risks, and the time and cost contingency
reserves.
You are a member of a project selection committee that uses the net present value technique.
Using this approach, the project is acceptable if the______________
A. Sum of the net present value of all estimated cash flow during the life of the project equals the profit B. Net present value of the inflow is greater than the specified amount or percentage threshold C. Gross present value of all future expected cash flow divided by the initial cash investment is greater than one D. Net present value of the inflow is less than the specified amount or percentage threshold
Correct Answer: B
Explanation:
Explanation:
The discounted cash-flow approach–or the present value method–determines the net present value of all cash flow by discounting it by the required rate of return. The impact of inflation can be considered. Early in the life of a project, net cash flow is likely to be
negative because the major outflow is the initial investment in the project. If the project is successful, cash flow will become positive.