Which is more important, Planning or Execution?

A. Neither
B. Both
C. Planning
D. execution

What are the actions called that are done in response to unexpected problems?

A. Stopgaps
B. Patches
C. Hail Marys
D. Workarounds

The person writing down meeting notes for a project status meeting is called a:

A. Bookkeeper
B. Secretary
C. Scribe
D. Project manager

The most important document for running a status meeting professionally is:

A. The WBS
B. The Scope Statement
C. An Agenda
D. SOW

Status meetings should be held at least:

A. Once a year
B. Once a week
C. Once a day
D. As little as possible

Which of the following is displayed as an S-curve?
A. Gantt
B. Cost baseline
C. Critical path
D. PERT

You are the project manager for a custom home-building construction company. You are working on the model home project for the upcoming Show Homes Tour. The model home includes Internet connections in every room and talking appliances. You are working on the cost budget for this project. Which of the following is true?

A. This process assigns cost estimates to project activities including risks and contingency plans.
B. The cost baseline will be used to measure variances and future project performance.
C. This process assigns cost estimates for expected future period operating costs.
D. The cost baseline is the expected cost for the project.

Which of the following are the tools and techniques of the Cost Budgeting process?
A. Project management information system, analogous estimating, bottom-up estimating, mathematical analysis
B. Analogous estimating, bottom-up estimating, mathematical analysis, computerized tools
C. Project management software, analogous estimating, bottom-up estimating, parametric modeling
D. Analogous estimating, bottom-up estimating, parametric modeling, computerized tools

Obtaining formal project plan approval and sign-off is important for all of the following reasons except:

A. Stakeholders are able to recommend a project Planning methodology to follow throughout the remaining process groups.
B. Stakeholders are aware of the project details, which makes them more likely to participate in future project decisions.
C. Stakeholders will be more likely to cooperate.
D. Stakeholders are aware of the specific details regarding project schedules, budgets, and risks.

What is one of the problems with project management software?

A. The project manager manages the software instead of the project.
B. Project duration calculations are sometimes approximate.
C. You cannot override the project management software decisions regarding schedules.
D. It’s expensive and difficult to use.

You are the project manager for Rivera Gourmet Adventure Vacations. Rivera combines the wonderful tastes of great gourmet food with outdoor adventure activities. Your project involves installing a new human resources software system. Jason, the database analyst working on this project, is over allocated. Which of the following is true?

A. You should use resource requirements updates to determine availability and smooth out resource over allocation.
B. You should use crashing to resource level the critical path tasks.
C. You should use resource leveling heuristics to smooth out resource assignments.
D. You should use fast tracking to resource level the critical path tasks.

You are the project manager working on a research project for a new drug treatment. Your preliminary project schedule runs past the due date for a federal grant application. You adjust the schedule and find that two activities previously scheduled to start sequentially can be started at the same time. This is an example of:

A. Crashing
B. Fast tracking
C. Resource leveling
D. Adjusting the resource calendar

You are the project manager working on a research project for a new
drug treatment. Your preliminary project schedule runs past the due
date for a federal grant application. The manager of the R&D department
has agreed to release two resources to work on your project in
order to meet the federal grant application date. This is an example of:
A. Crashing
B. Fast tracking
C. Resource leveling
D. Adjusting the resource calendar

If your expected value is 110 and the standard deviation is 12, which of the following is true?

A. There is approximately a 99 percent chance of completing this activity between 86 and 134 days.
B. There is approximately a 68 percent chance of completing this activity between 98 and 122 days.
C. There is approximately a 95 percent chance of completing this activity between 98 and 122 days.
D. There is approximately a 75 percent chance of completing this activity between 86 and 134 days.

If you know expected value is 500 and the standard deviation is 12, you can say with approximately a 95 percent confidence rating which of the following?

A. The activity will take between 488 and 512 days.
B. The activity will take between 464 and 536 days.
C. The activity will take between 494 and 506 days.
D. The activity will take between 476 and 524 days.

You are a project manager for Move It Now trucking company. Your company specializes in moving household goods across the city or across the country. Your project involves upgrading the nationwide computer network for the company. Your lead engineer has given you the following estimates for a critical path activity: 60 days most likely, 72 days pessimistic, 48 days optimistic. What is the expected value, or weighted average?

A. 54
B. 66
C. 60
D. 30

You are a project manager for a new software development project. You have a few activities that require specialized testing. The testing might need to be repeated more than once. Which of the following do you choose?

A. The Graphical Evaluation and Review Technique because it allows for conditional branching and looping for the testing activity
B. The Critical Path Method because it allows for float time to be calculated for the testing activity
C. The Program Evaluation and Review Technique because it allows for conditional branching and looping for the testing activity
D. The Program Evaluation and Review Technique because it allows for a weighted average distribution, which will even out the time needed for the testing activity

All of the following are tools and techniques of the Schedule Development process except?

A. CPM
B. RAM
C. GERT
D. PERT

Which of the following is true regarding the critical path?
A. It should never be compressed.
B. It allows for looping and branching.
C. The critical path technique is the same as PERT.
D. It’s the duration of all tasks with zero float.

You are a project manager for Picture Shades, Inc. They manufacture window shades for hotel chains that have replicas of Renaissance-era paintings on the inside of the shades. Picture Shades is taking their product to the home market, and you’re managing the new project. They will offer their products at retail stores as well as on their website. You’re developing the project schedule for this undertaking and have determined the critical path. Which of the following is true?

A. You calculated the most likely start date and most likely finish dates, float time, and weighted average estimates.
B. You calculated the activity dependency, and the optimistic and pessimistic activity duration estimates.
C. You calculated the early and late start dates, early and late finish dates, and float times for all activities.
D. You calculated the optimistic, pessimistic, and most likely duration times and the float times for all activities.

The project schedule is used to determine all of the following except:

A. Cost estimates
B. Activity start dates
C. Float times
D. Activity end dates

You are the project manager for Heart of Texas casual clothing company. They’re introducing a new line of clothing called Black Sheep Ranch Wear. You will outsource the production of this clothing line to a vendor. The vendor has requested a SOW. All of the following are true except:

A. The SOW contains a description of the new clothing line.
B. As the purchaser, you are required to write the SOW.
C. The SOW contains the objectives of the project.
D. The vendor requires a SOW to determine if they can produce the clothing line given the very detailed specifications of this project.

You are the project manager for an outdoor concert event scheduled for 1 year from today. You’re working on the procurement plan for the computer software program that will control the lighting and screen projections during the concert. You’ve decided to contract with a professional services company that specializes in writing custom software programs. You want to minimize the risk to the organization, so you’ll opt for which contract type?

A. Fixed price plus incentive
B. Cost plus fixed fee
C. Fixed price
D. Cost plus incentive

You are the project manager for an upcoming outdoor concert event. You’re working on the procurement plan for the computer software program that will control the lighting and screen projections during the concert. You’re comparing the cost of purchasing a software product to the cost of your company programmers writing a custom software program. You are engaged in which of the following?

A. Procurement planning
B. Sensitivity analysis
C. Transference of risk
D. Make or buy analysis

Your hardware vendor left you voicemail saying that a snowstorm in the Midwest will prevent your equipment from arriving on time. You identified a risk response for this risk and have arranged for a local company to lease you the needed equipment until yours arrives. This is an example of which risk response strategy?

A. Transference
B. Acceptance
C. Mitigation
D. Avoidance

All of the following strategies are tools and techniques of Risk Response Planning used to reduce or control risk except?

A. Mitigation
B. Simulation
C. Avoidance
D. Acceptance

You are constructing a probability/impact risk rating matrix for your project. Which of the following is true?

A. The PI matrix multiplies the risk’s probability by the cost of the impact to determine an expected value of the risk event.
B. The PI matrix multiplies the risk’s probability scales, which fall between 0.0 and 1.0, and the risk’s impact scales to determine a risk score.
C. The PI matrix multiplies the risk’s probability by the expected value of the risk event to determine the risk impact and assign a risk score based on a predetermined threshold.
D. The PI matrix multiplies the risk’s probability scales and the risk’s impact scales, which fall between 0.0 and 1.0, to determine a risk score.

Your hardware vendor left you voicemail saying that a potential snowstorm in the Midwest might prevent your equipment from arriving on time. She wanted to give you a heads-up and asked that you return the call. Which of the following is true?

A. This is a secondary risk, which is an output of Risk Response Planning.
B. This is a contingency plan, which is an output of Risk Response Planning.
C. This is a risk, which is an output of Risk Identification.
D. This is a trigger, which is an output of Risk Identification.

Which of the following describes the cost of quality associated with scrapping, rework, and downtime?

A. Internal failure costs
B. External failure costs
C. Prevention costs
D. Appraisal costs

Which of the following tools and techniques shows the impacts of one decision over another as well as the probability and cost of each risk along a logical path?

A. Simulation
B. Decision tree
C. Probability/impact risk matrix
D. Sensitivity analysis

You are the project manager for a new website for the local zoo. You need to perform Quantitative Risk Analysis. You’ll use all of the following tools and techniques to accomplish this except:

A. Data precision ranking
B. Sensitivity analysis
C. Decision tree analysis
D. Interviewing

You are the project manager for a new website for the local zoo. You need to perform Qualitative Risk Analysis. When you’ve completed this process, you’ll produce all of the following outputs except:

A. Overall risk ranking for the project
B. List of prioritized risks
C. Inputs to other processes
D. List of risks for additional analysis and management

Which of the following processes assess the likelihood of risk occurrences and their consequences using numeric probability assignments?

A. Qualitative Risk Analysis
B. Risk Identification
C. Quantitative Risk Analysis
D. Risk Response Planning

Information-gathering techniques used in the Risk Identification process include all of the following except:

A. Brainstorming
B. Delphi technique
C. Interviewing
D. Kaizen technique

Each of the following is true regarding the risk management plan except:

A. The risk management plan is an output of the Risk Management Planning process.
B. The risk management plan includes a description of the responses to risks and triggers.
C. The risk management plan includes thresholds, scoring and interpretation methods, responsible parties, and budgets.
D. The risk management plan is an input to all the remaining risk planning processes.

You are a project manager for Fountain of Youth Spring Water bottlers. You are installing a new accounting system and have identified several problems and their causes. You decide to use which of the following to identify the variables that will have the greatest effect on project outcomes?

A. Design of experiments
B. Benchmarking
C. Benefit/cost analysis
D. Flowcharting

You are a project manager for Fountain of Youth Spring Water bottlers. You are installing a new accounting system and have identified several problems and their causes. You decide to use which of the following flowcharts to diagram the problems’ causes and effects?

A. Decision tree diagram
B. Fishbone diagram
C. Benchmark diagram
D. Simulation tree diagram

All of the following are benefits of meeting quality requirements
except:
A. An increase in stakeholder satisfaction
B. Less rework
C. Low turnover
D. Higher productivity

The theory that 85 percent of the cost of quality is a management
problem is attributed to:
A. Deming
B. Kaizen
C. Juran
D. Crosby

Three people are responsible for establishing cost of quality theories. Crosby and Juran are two them, and their theories respectively are:

A. Grades of quality, fitness for use
B. Fitness for use, zero defects
C. Zero defects, fitness for use
D. Cost of quality, zero defects