You are assigned a new project. You learn that the technology department wants the project objective to be a 15% improvement in throughput. The operations department wants no more than 3% of its resources used on the project and senior management is asking the project to reduce tax liability. As PM, the best thing you can do is:

A cost performance index (CPI) of 0.75 suggests the project is:

You are the project manager for a $500,000 international project with 20 resources. As project manager you have completed the WBS and WBS dictionary and your project team is working on identifying risks. Your sponsor has asked you to issue the responsibility assignment matrix. This project is very similar to the other projects you have completed for your organization and the risk is minimal. What is the next thing you should do?

Your sponsor is currently evaluating multiple projects to determine which one would be the best to choose. Project 1 is a 5-year project with a net present value (NPV) of $83,000. Project 2 is a 3-year project with an NPV of $25,000. Project 3 is a 1-year project with an NPV of $67,000. Project 4 is a 2-year project with an NPV of $44,000. Which project should be selected?

Scope creep is:

The sponsor of the development project has assigned it to you and advised you that the project is on schedule and is 50% complete. Upon conducting an evaluation of the project, you realize that the project is far behind schedule and it will ultimately end up taking twice the time that was originally estimated. What is the best thing for you to do?

You have been assigned a complex new project with a few unknowns that is anticipated to take nine months to complete. The customer has provided you with the statement of work and has stated that they are focused strictly on the end product and only want to see you at the end of the nine months with the completed product. Based on this information, what should you do?

As project manager, you are responsible for publishing the web design project schedule. You have identified the activities, the start and end dates of each activity and the resources have been identified. What is the next thing you should do?

Consider the following: You are assigned a project that is underway. Activity B is a difficult activity and has an early start of day 10 and a late start of day 15. The SPI on your project is .72 and the CPI is 1.2. You have 15 stakeholders involved in the project. What are you most concerned with?

To enhance and improve communications, the sender _____________________the receiver.

Your sponsor wants to discuss with you the most appropriate estimating technique to use on the project. You know that it’s important to use a form of expert judgment, but your sponsor feels strongly that analogous estimating should be used. What would be the best option?

There is a 30% probability that the risk event will happen in a given month. The project is a 12 month project. As such, what is the probability of that risk event occurring during the sixth month of the project?

This represents that estimated value of the work actually completed:

With the software upgrade project well underway, the project manager is working with the quality assurance department to improve the stakeholder’s confidence that the project will meet their desired quality standards. In order to start this process, what must the project team have?

Your project has a dependency requiring that the design be completed prior to the beginning of manufacturing. This is what type of dependency?

You have recently been assigned a difficult project that requires the use of multiple sub-contractors. You have a major negotiation scheduled with a potential subcontracting firm tomorrow when you are notified that there is a strong probability the project will be cancelled. What should you do?

An effective project management approach would be to break the identified work down into small pieces. All of the following describe how far to break down the work except:

The values, as defined by the global project management community as most important and that serve as the foundation of the Code of Ethics and Professional Responsibility are:

You are managing a complex engineering project with 52 team members. One of your stakeholders is known to make multiple changes on projects. How could you best handle this particular stakeholder?

You do not have enough resources available on your project to audit invoices. What contract type do you not want to use?

The project management office is

You are conducting an analysis of your project budget and schedule using the earned value technique. Based on your forecast, it appears as though the project will have a cost overrun at the end. What should you do?

The construction project has been difficult to manage and there is a lot of pressure on the team to complete the project on time. Team meetings have become very tense and there is a lot of shouting and very little progress on project objectives. Because of the shouting, one of your team members has asked to be excused from the meetings as she is too upset and stressed by the tension. The customer is asking for some changes and additions to the scope. Your boss, the sponsor of the construction project, would now like to be involved in the weekly team meetings. How should you handle this situation?

You and your project management team have identified 73 risks on your project, identified and documented the triggers, plotted the risks on a probability/impact matrix, and evaluated the quality of the data that was used. What did you forget?

Based on past experience, when production is doubled, the unit costs decrease by 15%. Using this information, the company determines that production of 800 units will cost $150,000. This illustrates:

You are the PM for the construction project and your management has promised to provide you with part of the incentive fee from the customer if you are able to complete the project early. Your team informs you that one of the major deliverables is being finalized and although it meets the requirements in the contract, it will not provide the functionality the customer needs. The project will not be able to be completed early if that particular deliverable is late. What would be the best action for you to take?

The project manager is estimating the time that will be needed for each activity. Those estimates are then added to the schedule to create the overall project estimate. The project manager provides the timeline to the sponsor, committing to complete the project in the identified timeframe. What did the project manager do wrong?

During the contracting process, the best description of the project manager’s role is:

As your project is progressing, one of your team members informs you that one of the work packages does not meet the quality metric and he does not believe it will be possible to meet it. As project manager, you meet with all parties concerned to assess the situation. What quality management process are you involved in?

The ABC project has the following activities: Activity A is 30 hours and can be happening at the same time as Activity B, which is 15 hours. Activity C can start after Activity A and is 25 hours. Activity D can start after Activity C and is 10 hours. Activity E, which is 25 hours, can start after both Activity B and Activity C. Activity F can start after Activity D and is 24 hours. Which of the following is true if Activity B actually takes 35 hours?

As project manager, you have just completed the risk response plan for the multi-million dollar renovation project. What should you do next?

You are the project manager over a high-profile corporate project. One of your team members is conducting an on-site inspection of one of the development areas. Which would be the most important thing to be done on any phone call between you and the team member?

During risk control, when is additional response development needed?

Mid-way through your project you learn that one of your sellers for your project is having problems with retaining employees due to a labor dispute. You are aware that there are other projects being conducted within your company using this same seller. What action should you take?

You are a project manager in a matrix organization. Information dissemination is most likely to be effective when:

You are mentoring a fellow project manager. He explains to you that he had a complex problem a few months ago and he took what he thought was the best course of action. However, the problem has resurfaced. What do you ask him?

As project manager for the construction project, you are half way through the project when your senior team manager lets you know that he is concerned that the project will not meet the quality standards set forth. The foundation is complete on the project and the structural reinforcements are being installed. What would be the best thing for you to do in this situation?

Your sponsor advises you that there is enough money in the budget to complete the IT project, however, the project is 40% complete and the cost performance index (CPI) is 0.65. Upon reviewing the original cost estimates you learn that the project was analogously estimated. The analogous estimate was then used to determine the activity estimates. What should have been done to reach a more accurate estimate?

An activity has the following: early start (ES) of day 12, late start (LS) of day 17, early finish (EF) of day 18, and late finish (LF) of day 23. Which of the following is a true statement:

In order to use the project management plan to manage your project, it must be realistic. What is the best method for ensuring you have a realistic project management plan?

You are the assigned project manager over a new development project. The project is extremely complex and unfortunately neither the customer nor your project team have extensive experience with this type of project. In addition, the schedule for the project is very aggressive. Because of certain contractual conditions, any delay will be expensive for both your company and the customer. Your sponsor has agreed and provided sign-off on the project charter and the project management plan. Throughout the project, you have kept the customer’s staff informed of the project’s progress in both status reports and progress meetings. Near the end of your project, you are on schedule and within budget. You are notified that the project may be cancelled because the final product developed is completely unacceptable. What could be the most likely cause for this situation?

You are the project manager for the renovation project. The project is using a contract landscaping company. Upon auditing the cost plus fixed fee (CPFF) contract, you realize that overcharges are being made. The contract does not specify corrective action, therefore you should:

The scope baseline:

As project manager, you are evaluating your project schedule. Which of the following risk events would most likely interfere with attaining your project schedule’s objective?

The project manager is conducting a major construction project in a foreign country. Because the construction is occurring in the downtown area, there is a concern with moving the large equipment through busy streets. The local contact tells the PM that the local police will coordinate traffic for a fee which will ensure that the equipment is delivered successfully. What should the project manager do?

You learn that a key stakeholder’s high interest in the project is due to a sensitive HR issue. How do you handle this?

The company intranet project affects over 20 departments and you have 18 team members. The first phase of the project is complete and you have received successful performance reports from three of the departments. To recognize the successful completion of the first phase of the project, you host a luncheon for the key stakeholders, in which those successful department heads can share their success with the other 17 departments. During the luncheon you overhear a manager of one of the departments discussing how he would prefer to see more regular meetings on the project. What is the first thing you should do?

The project team is developing a new employee training program. The course development team has repeatedly missed their deadlines which has caused the online development team to have to crash the critical path activities multiple times. As the team lead for the online development team you are notified that the course development team will once again be missing the next deadline. You should meet with:

Which of these is not one of the triple constraints of a project?

The decomposition of deliverables into smaller, more manageable components is complete when:

Quality audits include all of the following except:

How can you best describe the difference between the cost budget and the cost baseline:

The project has 15 team members located in multiple cities. The WBS, estimates for the work packages, and the schedule network diagram is complete. What would be the next thing the project manager should do?

You have just taken over an important project for your organization that is in the planning stages and you realize that seven individuals have signed the project charter. What should you be most concerned about?

As PM, you are evaluating the test results for the page load speed on the new website. You learn that more than 30% of the load speeds do not meet your company’s quality standards. Despite this result, you feel that the page load speed is fine and does not need to meet the company’s quality level. You should:

There are 12 project team members on the website development project. A member of the project team is talking to another team member at lunch and complaining that there are a number of different people asking her to do things. If she works in a functional organization, who has the power to give her direction?

You have just started work at a new company. The company procedures require the creation of a lessons learned document for all projects. What is the best use of lessons learned?

You have assumed the management of a project already underway. The project team has been having some disagreements. What conflict resolution technique would provide the most lasting solution?

A new project manager on the team has approached you for assistance with a bid for her project. There is limited scope definition and you want to protect the company from financial risk. What type of contract would you recommend to the project manager?

Which of the following is not true about the distribution of project information?

You are the project manager for a major global network launch. Your customer has more than 90 locations world-wide. You learn that the software company has released a significant upgrade on the equipment that you are implementing. When the project began, the functionality was not available, although the customer did request it. What is the most appropriate action for you to take?

The project manager has been asked to do cost performance measurement as part of the performance report. What is the best way to perform cost performance measurement?

Use the 80/20 rule and verify that the life cycle cost is less than the project cost

You are the project manager for a $1,500,000 software development project that is using multiple international teams. In working with your project team to develop the schedule network diagram, the data architects state that quality could be improved if the data model is approved by the customer prior to starting the other design elements. They cite their source of this information as a recently published article in a leading professional journal. How would you best describe this type of input?

A stakeholder contacts the project manager of the data integration project to request some additional scope that they would like to add to the project. After asking for the details in writing, the project manager works through the control scope process. When the evaluation of the requested scope change is complete, what should the project manager do next?

Your team lead is a few days late with a report that will be discussed in the meeting today. Shortly before the meeting is to start, he provides you with the report and you notice some significant errors. What is the best course of action?

Your manager, the vice president, and his boss, the senior vice president, have requested that your assigned project begin immediately. You have created the project charter, but could not get it approved. What is the best thing you should do?

As project manager, you receive a call from one of your project team members notifying you that there is a variance between the speed of a system on the project and the planned speed. You are surprised as that particular performance measurement was not identified in the planning process. If you evaluate whether the noted variance warrants a response, you are in what project management process group?

You have a 12-month project with a budget of $50,000. The budget is allocated at $12,500 each quarter. Based on the status reports received the project is 60% complete and billed costs are $40,000. It appears that the project is over budget so you talk to the lead analyst. She tells you that there an unexpected software cost during the 2nd month of the project of $7,000 (included in the 40,000 above). The remainder of the project costs that will be billed will be resource costs (290 hours at a loaded resource rate of $80/hr). Which formula would be best to calculate ETC?

Your manager has asked that you negotiate the cost with the seller. Your project has a tight budget and the seller has told you that the purchase price is fixed. Your best course of action is:

You were notified that a key item you were purchasing for your project is now going to be delayed. What is the best thing you should do?

You are conducting a quantitative risk analysis on your project in relation to potential profits earned from a new product. The estimated profit is $350,000. There is a 20% chance that it will exceed expectations at a value of $180,000, there is a 50% chance it will meet expectations at a value of $40,000, and a 30% chance it will not meet expectations at a value of ($140,000). What is the expected monetary value of the risk?

Steele Construction and the City of Burlington are having complex contract negotiations. The representative from the City of Burlington takes notes for both parties to sign. When the work is being done, Steel Construction claims that they are not required to complete work that was agreed to during negotiations because it was not included in the final contract. What statement is most accurate?

When it comes to changes, the project manager’s attention is best spent on:

As a relatively new project manager in the technology organization, you are struggling to keep the project schedule on track for the new implementation. This is a large, highly visible project with more than 190 team members. The pressing issues have been resolved to your satisfaction, the SPI is 0.59, the CPI is 1.31, and you have 48 activities remaining on critical path. Based on all of this information, your monthly status report should provide the following information:

As project manager, you are trying to complete the process redesign project but cannot seem to get the appropriate amount of attention for your project. You are finding you have little authority to assign resources and the resources are primarily focused on process-related work. What type of an organization are you working in?

Acceptance criteria is:

The performance measurement baseline:

The approved project baseline should be changed:

The float of an activity is determined by:

An engineering project has a schedule performance index (SPI) of 0.72 and a cost performance index (CPI) of 0.89. Generally, what is the best explanation for this?

A stakeholder is a(n):

Your project, Monkey-in-a-Can, has had some unexpected problems. You just learned that the tin can that will be used is actually twice as expensive as originally thought. This is going to continue to impact your overall project budget. What formula would best be used to calculate your EAC?

The project manager for a major systems integration project is notified by the quality department that they will be initiating a quality audit of the project. The team objects to the audit as they are under a lot of pressure to complete the project on time. The project manager should explain the purpose of the quality audit to the team as:

In general, a project manager’s technical skills:

Jason is the project manager for a highly political organizational project. Jason needs to schedule a meeting with one of the team members but upon review of the team member’s calendar, he sees a meeting with a key stakeholder. Jason was not made aware of this meeting. How should Jason approach this situation?

The Code of Ethics and Professional Conduct applies to everyone but:

As part of the weekly project team meeting, the project manager requests that each team member describe the work they are doing, and the project manager assigns new activities to the team members. Because there are many different activities to assign, the length of these meetings has continued to increase. This could be due to all of the following reasons except:

These standards describe the conduct that we strive to uphold as practitioners. Although not easily measured, conducting ourselves in accordance with these is an expectation that we have for ourselves as professionals – it is not optional.

The new project manager that is leading a large, high-risk project appears to be making some errors. You over-hear team members criticizing the potential mistakes and questioning her credibility, experience, and the fact that she was assigned the project. On what basis would you confront the team members?

The project management office is considering hiring a project manager from within the organization. Upon review of the project manager’s last three projects, the PMO director learns that the project manager’s first project finished with a schedule variance of +150, was completed with a significantly compressed schedule and although the sponsor wrote a letter of recommendation, the key product of the project was not used. The second project had 37% more change than expected, had an SPI of 0.89 and 30 open items in the issue log upon completion. The third project had an ending cost variance of -600, used three critical resources, and needed to rework the project charter during project execution. Although the project budgets for each of these projects was less than $3,000, they each had 15 – 20% more changes than others of the same size. The PMO director decides against hiring the project manager. What is the best reason why this happened?

The project manager for the systems development project is under a tight schedule. One of her team members is not performing well on the project because he is inexperienced in the type of work required. There is no one else that is available to the project manager with more experience. What is the best thing for the project manager to do?

Variance that is sporadic, unusual, and difficult to predict is the result of:

In quality management, a control chart helps the project manager:

As project manager you are allocating overall cost estimates to the individual activities to establish the cost performance baseline. What process are you doing?

You have identified three critical paths in your project. How will this affect your project?

The project manager is managing a large, complex project with 50 stakeholders and more than 18 team members. The project manager may use ____________ to ensure that the team clearly knows what work is included in each of their work packages.

What is the most commonly used formula for a three-point estimate?

Your customer, LAN Corp, has accepted the completed project scope. Your PMO requires that lessons learned are completed for each project and they have not yet been completed. What is the status of your project?

You are a new project manager at the organization. Based on your past experience, you are trying to convince the management of the organization to use more structured project management practices including requiring that a project charter is completed for all projects. Which of the following would be the best reason for an organization and project managers to complete project charters?

If the project’s schedule variance (SV) is ($10k) and the planned value is $80k, what is the earned value (EV) of the project?

The seller is most concerned with project scope. As such, which type of contract are they using?

The project manager feels that the project is going well, although there are a number of changes being made. The project manager has abided by the PMO recommendation for the large, international project and is using 18 project management processes. The project manager is not only a technical expert, he has also had training on people management and communication. Based on this information, what is the most likely cause of the project problems?

The new project you have been assigned has limited resources. However, the project schedule and the project budget have great flexibility. What would be the best thing to do?

The project manager is assigned a new retail development project in another state. The project will require the purchase of equipment for the retail store, furniture, and key inventory. The procurement process is centralized for the company and makes use of the new order system. Where would the project manager find the documented procedures for the procurement process?

As the project manager, you evaluate the construction team’s work performance information for your remodel project. Based on the information you received, the $30,000 project appears to be about 40% complete. Work billed to date was $10,000 although the project budget indicates that anticipated costs were to be $12,000 by this date. When you follow-up with the construction team lead, he estimates that there will be approximately $15,000 in remaining costs. What is the EAC of this project?

Which of the following is an example of a cost of nonconformance?

You are managing an international project and you anticipate there will be some conflict. The most common causes of conflict on any project are project priorities, schedules, and:

These standards establish firm requirements, and in some cases, limit or prohibit practitioner behavior. Practitioners who do not conduct themselves in accordance with these standards will be subject to disciplinary procedures before PMI’s Ethics Review Committee.

A tool for analyzing and communicating the relationships between process steps is called:

Cost of quality is used during quality assurance to:

Based on the performance measures indicated in the following table, what is the cost variance (CV) for case 3?

You are the project manager for the large industrial engineering project. All of the project information for the project has been distributed according to the communications management plan. A few of the project deliverables have been changed in accordance with the change management process in the project management plan. During the steering committee meeting, one of the stakeholders is surprised to learn that there was a previously published change to a project deliverable. You are certain that all stakeholders received the communication which documented the change. What is the best course of action for you to take?

Workarounds are determined during which risk management process?

In a fixed price (FP) contract, the fee or profit is:

The project sponsor has asked to meet with the project manager to discuss project costs. The sponsor is unhappy with the project estimate, as she feels the price should be lower. She asks the project manager to reduce the estimate by 10%. What should the project manager do?

You have been working on the development project for the past nine months. The project has consistently been behind schedule and over budget. What statement is most accurate about the completion of the project:

Which of the following provides a pass/fail mechanism for criteria critical to project success?

Which of the following is the higher point on Maslow’s hierarchy of needs?

All of the manual or automated tools and techniques used to collect, archive, and distribute project information on a project are known as the:

If a risk event has a 30% chance of occurring and the impact of the risk will be $9,000, what does $2,700 represent?

The overall process of managing changes that affect the function or characteristics of the deliverable is known as:

Your project team member is very committed to the project being very successful. However, upon review of the project performance report she realizes that the project is currently running behind schedule. She notices that the delay will cause one of her activities to be scheduled while she is out of the office on scheduled vacation and will be unable to work on the activity. How should you handle this situation?

A collection of formal, documented procedures that defines the steps by which the project may be changed is known as:

You are out to dinner with your friend to celebrate his new job. He tells you that the position required a PMP® credential. You know that he does not have his PMP® although you recently received your credential. What is the most appropriate way to handle this?

You are six months into a 12-month, $350,000 project. By this point in your project, you had budgeted to spend $180,000. You have paid $170,000. What statement is most accurate?

The person responsible for ensuring change control is processed through the integrated change control process is the:

You are the project manager in a matrix organization and you determine that there are additional human resources needed. From whom would you request the additional resources?

Trend analysis is used to:

Your team is in the process of defining the project activities. One of the team members feels that an activity should be included however the other team member believes that the activity is not part of the project, based on the scope statement. How should you handle this as the project manager?

You are the project manager and you identify a defect in the deliverable that is due to the customer today. You realize that the customer does not have sufficient technical knowledge to notice the problem. The deliverable meets the contract requirements but not your quality standard. What should you do?

“500 rejected parts” is an example of:

Many quality problems:

Activity A has a duration 3 days, activity B has a duration of 6 days, activity C has a duration of 4 days (and is dependent on both A and B completing), activity D has a duration of 7 days, activity E has a duration of 8 days (and both D and E are dependent on C completing), and activity F is 5 days (and is dependent on activity E). If activity C is delayed by three days:

Activity A has a duration 3 days, activity B has a duration of 6 days, activity C has a duration of 4 days (and is dependent on both A and B completing), activity D has a duration of 7 days, activity E has a duration of 8 days (and both D and E are dependent on C completing), and activity F is 5 days (and is dependent on activity E). What is the total duration?

Activity A has a duration 3 days, activity B has a duration of 6 days, activity C has a duration of 4 days (and is dependent on both A and B completing), activity D has a duration of 7 days, activity E has a duration of 8 days (and both D and E are dependent on C completing), and activity F is 5 days (and is dependent on activity E).What is the free float of activity F?

The customer for your IT renovation project has notified you that they want to add another server and five more software packages to your project. What is the most appropriate handling of this?

You are evaluating your project using a tornado diagram. What process are you most likely conducting?

You have been managing a long-term project involving resources in seven different countries. The performance of some of your team members has been exceptional and based on exceeding their target goals, you have been authorized to promote two of your team members. The highest performer on your team is a female that lives in a country where women are not permitted in management roles. How should you best handle this?

You are managing a project to implement a new employee recognition program. This project will include multiple components, such as the development of an intranet web page, an employee survey mechanism, a funding analysis, a role delineation study, and a manager training program. For the manager training program, there will be 80 managers trained at an estimated cost of $65 per manager for the training module. This will be the first time you will be overseeing the development of a web page or conducting a funding analysis. Based on past projects, you have received estimates for the role delineation study ranging from 3 days to 10 days, with the most likely timeframe being 5 days. What would be the most appropriate estimating technique to use for the role delineation study?

As the third phase of the multi-year project nears completion, your team lead provides the marketing manager with copies of the phase deliverables for her review and sign-off. The team lead is performing:

You have assumed the leadership of a high-exposure project that is approximately 30% complete. The sponsor of the project is the vice president of operations and is under a lot of pressure to deliver the project within the timeframe and budget allocated. He has demonstrated heightened sensitivity to any indications of project problems. Upon conducting an analysis, you determine that the project is running behind schedule. Your sponsor has advised you not to include that information in the project performance report due to the implications. What is the best action for you to take?

Which of the following techniques is most likely not used in estimating project durations?

The project has experienced a higher number of defects than expected. The team has conducted an analysis of the root causes of the defects and identified more than 15 causes. Upon further research, the team finds that two of the causes account for the majority of the defects. Which statement is most accurate about the quality issues?

Your project is entering the development phase and it is running behind schedule. You have identified a vendor that can produce a key component in less time than your internal team. Hiring the vendor is an example:

You are under contract with a local construction company. The cost-reimbursable contract includes the payment of an incentive for each day the construction firm delivers early: $500 per day. The costs are estimated at $72,000 and there is a 50/50 split on actual costs that are under or over the estimate. If the vendor delivers five days early and the total costs are $65,000, what is the final contract value?

The kitchen renovation project is underway and you have received the first delivery of cabinets. Upon installation, your superintendent informs you that the cabinets do not fit into the space that has been allocated. The change request to modify the cabinets is an example of:

Which statement is least accurate regarding a reserve analysis?

Your project team has provided you with the following information: What activity would be the best candidate for crashing?

Your project team has provided you with the following information: If activity D has two days of float and is crashed, what is the result?

You are managing the ALEXI project, a multi-year project that involves resources from three geographic locations. In estimating the YZ component’s duration, your team leads have provided you with a best case estimate of 12 days and a worst case estimate of 17 days, based on resource availability. What is the most likely duration?

You have accepted a new role as a PMO project manager. As part of your responsibilities, you are auditing some recent projects. Upon completion, project A, a $750,000 project, was 10% over budget but delivered the project 10% earlier than anticipated. What is the final PV of the project?

You are the project manager for an 8-month project. The system development component of the project will cost $10,000 that will be payable at 20% in the first month and the remainder in the third month. The hardware purchase will cost $18,000 that will be payable in the fourth month. The resource fees will be $24,000 billed equally across the life of the project. What statement is most accurate if you have a funding limit of $20,000 per month?

You are the project manager for an 8-month project. The system development component of the project will cost $10,000 that will be payable at 20% in the first month and the remainder in the third month. The hardware purchase will cost $18,000 that will be payable in the fourth month. The resource fees will be $24,000 billed equally across the life of the project. What is the PV of the project at the end of the sixth month?

You are the project manager for an 8-month project. The system development component of the project will cost $10,000 that will be payable at 20% in the first month and the remainder in the third month. The hardware purchase will cost $18,000 that will be payable in the fourth month. The resource fees will be $24,000 billed equally across the life of the project. If the project is 70% complete by the end of the fifth month, what statement is most accurate?

The project manager is evaluating the cost estimates for the MIAC project. The project has a budget of $150,000. For product launch, the team will be producing 100,000 units at a cost of 0.20 each. For the early project work, the project manager leverages information from a previous project and estimates the costs to be $90,000. In addition, the project manager meets with the web-based interface team assigned to the project and uses their estimate of $20,000 for the interface component. What estimating techniques were used?

Your project is about 60% complete and has been progressing ahead of schedule and slightly under budget. You hear that your project is going to be terminated. What is the first thing you should do?

You are working with the work package owners to develop the project schedule. One of the work package owners provides you with the following information:
The work will begin on Monday, 12 May and will be complete by Friday, 23 May
Work days are Monday through Friday, six hours per day
Monday, 19 May is a holiday
What statement is most accurate?

Risk audits are performed during what process:

You have identified four key stakeholders for your project: the project sponsor, the vice president of marketing, the vice president of operations, and the CIO. The sponsor has been with the company for six years and is well-known throughout the organization. The vice president of marketing is new to the organization but has pledged support and resources for the project. The marketing resources will be the primary project resources. The vice president of operations will be providing a few SMEs to the project, although resources are limited within her teams. This project is not a priority for her. The CIO has a high-level awareness of the project but his level of support is not known. Who would you prioritize your time with?

The construction project for the new high-rise building is running behind schedule and over budget. Upon evaluation of the project performance to-date, you identify that one key reason for the delays is the inexperienced project foreman. You make a recommendation to the change control board to partner the foreman with a more experienced foreman in order to mitigate the risk associated with his inexperience. Once the change is approved, what is the next thing you should do?

Because your team is geographically disbursed and will be a virtual team, you are concerned regarding effective communication between the team members. To mitigate the risk, you recommend video teleconferences once per month with the key team members. What statement is most accurate regarding the video teleconferences?

You are evaluating the vendor invoices against their completed deliverables. You are conducting what process?

Your project is not achieving the quality standards that you had previously anticipated. You map out the processes in place in order to determine if and where there is a breakdown in the process. A tool for analyzing and communicating the relationships between process steps is called:

Your team member has completed the weekly performance report for the project. The current earned value measurements were included: schedule performance index 1.3, cost performance index .95, and TCPI 1.5. In association with these measurements, the team member could state:

For your park development project, you have hired a vendor to install all of the concrete walkways. In the past, your organization has had some quality issues with this particular vendor. You need to mitigate the risks associated with poor quality. What would be the most appropriate response?

The estimated costs for your project are $795,000. Upon evaluation of the project and the associated project risks, you decide to allocate an additional 10% to account for the uncertainty on the project. The sponsor has allocated 15% to account for any major scope changes that may be requested by the customer. What is the project budget?

Activity 1.4 has a duration of 5 days and 1 day of FF. Activity 1.11, the successor activity, has a duration of 6 days and an ES of 28. Activity 1.7 has a duration of 15 days and 3 days of total float. If activity 1.4 is delayed by 3 days, what is the impact?

You are the project manager over the project to upgrade all existing patient systems to comply with electronic record requirements, as determined by the US government. What would be the most appropriate technique to establish a reserve for the schedule duration, budget, estimated cost, or funds for a project based upon the remaining level of project uncertainty:

Your project is 70% complete and you are conducting an earned value analysis to include in your project performance report. You are evaluating the team members’ performance, work package percent complete, the actual costs that have occurred to date and the overall project budget estimate. What factor represents that estimated value of the work actually completed:

You have finalized all of your subsidiary plans. With your approved project management plan, what should you do next?

You have taken over the management of a strategy-critical project that is exceptionally time-sensitive. The team members represent the different divisions that will be most impacted by the implementation of the project and have been known to have very strong opinions about the project requirements and the development of the project deliverables. The previous project manager had difficulty managing conflict within the team and this has caused the project to be delayed. You decide to train the team on conflict resolution strategies. This is an example of:

You are planning the project work and evaluating any schedule dependencies that exist using a PDM. What process are you most likely conducting?

You are updating your project performance report and preparing it for distribution. Your project is progressing well, and the latest milestones were all achieved on schedule. One of your team leads has left the company and a replacement should be identified within the next week. Four of your resources are new to the company. Your CPI measurements for the past three months are: January .9, February .97, March 1.2. What method of communication would be the most appropriate method of communication given the risks of the project?

An activity has the following: early start (ES) of day 12, late start (LS) of day 17, early finish (EF) of day 18, and late finish (LF) of day 23. Which of the following is a true statement?

The Fun-in-a-Can Corporation is hoping to expand their product line. After evaluating multiple project ideas, the Monkey-in-a-Can (MIAC) project was selected by the steering committee as the best product development to pursue. Upon conducting a thorough benefits analysis, the MIAC project has a positive NPV and an IRR that exceeds the company’s hurdle rate. In addition, there has been an increased demand for “monkey” products since the recent surge in popularity of these jungle creatures. An enterprise environmental factor would be:

You are implementing approved changes and risk actions. What process group would these tasks fall under?

You have taken over a project that has been rumored to be behind schedule and over budget. Many of the team members are disengaged and are resentful of working on the project. The previous project manager left the company abruptly and provided no turnover documentation. Your first week on the project your primary vendor shuts down. This was not identified as a risk on the risk register. What is the first step you should take?

You have recently assumed the management of a project that has been underway for six months. Upon review of the risk register, you believe that many project risks have not been identified. As such, you decide to interview the key stakeholders and team members to get their input. Which of the following is a weakness of using interviews for risk identification?

Your team has identified risks on the project, performed a qualitative risk analysis and determined the most appropriate responses for the prioritized risks. Which statement is least accurate regarding the updates to, and communication of, the risk register?

Deliverables are not considered verified until they have completed what process?

You are nearing the completion of your project. Upon evaluation of the previously identified risks, you realize that 18 of the 35 risks can be closed. What is the appropriate handling of closed risks?

Work performance data and work performance information differ in that:

You are closing your project. Of the following tasks, what must occur first?

You have been working with a vendor to develop an online training module. The project is 60% complete and the vendor has asked that the payment due dates be changed to 5 business days prior to the agreed payment date. This is an example of:

You are delivering the final product to the customer. The product was thoroughly tested through the quality control process and has been validated against the documented product requirements. The project delivered at the cost anticipated and within the requested timeframe. If the client does not accept the deliverable because it is not what they wanted, what statement is most accurate:

You assumed the management of a multi-year project that was only 10% complete. Over the last 18 months, the project has been progressing very well, meeting all defined technical performance accomplishments. As the project nears closing, you provide the final deliverables to the customer. Upon review, the customer rejects the deliverables, stating that they do not meet the documented requirements. What statement is most accurate?

Your $30,000 project is in the last phase. As project manager, you are evaluating the following information: the project is 60% complete and the billed costs to-date are $17,000. Based on this information, you know that:

Used to collect requirements, this technique consolidates ideas generated through brainstorming into a map to reflect commonalities and differences in understanding:

Which statement regarding leadership and management is the most accurate?

To develop the project charter, the project manager and key stakeholders will leverage the business documents, including a business case and the benefits management plan. Which statement most accurately defines how these documents differ?

As the newly assigned project manager to the new product development project, you are reviewing the project documentation and meeting with the team leads. In the meetings, the team leads have expressed significant concerns about the project. The project is due to launch near the holidays and there is concern that the holidays will impact the schedule. The technical experts do not feel that they can deliver the infrastructure necessary to support the new product. According to the finance department, the budget for the project will be allocated on a periodic basis, versus being fully funded from the beginning. What is the first thing you address?

Your organization has transitioned to more adaptive projects. You are educating your team regarding release planning for an adaptive project. Which sequence is correct?

It is your first time managing a large project for your new employer. Unlike your previous projects, this project requires the management of a significant budget. You are working with the finance organization liaison on the budget and the contingency. Which statement is least accurate regarding the project budget?

The project sponsor has requested a meeting with you to discuss the new product that is under development. The product is being developed for a very important client and it is essential that this customer is very satisfied with the end result. What technique would you leverage?

This theory is based on the concept that any system is “only as good as the weakest link”.

A few of your project team members have approached you regarding the team dynamic on your high-stress infrastructure project. The team members feel that boundaries are not being respected and that the behavior is impacting the work of the project. What could have prevented this disruption?