How many project management "knowledge areas" are included in the Project Management Body of Knowledge (PMBOK)? 10 8 7 9 6 0.6667 points QUESTION 2 You recently started working at an organization...

How many project management "knowledge areas" are included in the Project Management Body of Knowledge (PMBOK)?
10
8
7

1. 9






4. 6

0.6667 points

QUESTION 2

You recently started working at an organization which has no standard system to evaluate and prioritize projects. Which of the following do you not expect to encounter?

1. Projects getting approved based on sound reasoning


2. Small projects are often put on 'hold' so staff can work on bigger projects.


3. Disagreement on how strategy should be implemented between top management and functional managers who implement projects


4. Influential and charming staff constantly getting their projects approved


5. None of the above.

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QUESTION 3

The chances of a RISK event occurring as a project proceeds through its life cycle tends to:

1. Remain about the same


2. Slowly drop


3. Slowly rise


4. Drop sharply and then level out


5. Rise sharply and then level out

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QUESTION 4

Jean is a project manager leading the development of a risk management plan with her project team. She is developing risk response strategies for the risk that the value of the Canadian dollar may increase, thus reducing the cost of supplies she must purchase from the USA. Which of the following strategies can she use?

1. Mitigating


2. Avoiding


3. Accepting


4. Enhancing


5. Both (3) or (4) above

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QUESTION 5

The technical dimensions of project management include which of the following?

1. Leadership


2. Resource Allocation


3. Schedules


4. Negotiation


5. Both (2) and (3) above

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QUESTION 6

The third step in the risk management process is to

1. Develop responses for risks


2. Assess the risk potential


3. Identify the risks


4. Set aside budget funds for managing the risks


5. Appoint a risk manager

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QUESTION 7

If you were a public sector project manager working on an IMMIGRATION project, what level of government would likely be your sponsor?

1. Federal


2. Provincial


3. Municipal


4. All of the above


5. A combination of (1) and (2) above

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QUESTION 8

In a RACI chart, the A stands for;

1. Answerable


2. All important


3. Achievable


4. Accountable


5. Always

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QUESTION 9

An uncertain event or condition that, if it occurs, has a positive or negative effect on a project objective is termed

1. Hazard


2. Random chance


3. A disaster


4. Risk


5. Bad luck

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QUESTION 10

Which of the following is a common multi-criteria selection model?

1. Checklist


2. Net Present Value


3. Weighted criteria model


4. All of the above


5. Both (1) and (3) above

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QUESTION 11

Samantha is forecasting how much money her department needs to support a new project. She estimates that two people and $25,000 in expenses will cover her needs. Because management typically insists on reducing forecasts by 20 percent, she increases her estimates to allow for that reduction. Which of the following factors is illustrated in this situation?

1. Padding estimates


2. Planning horizon


3. Project structure


4. People


5. Organization culture

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QUESTION 12

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

1. The time charged to the project by the human resources lead


2. The cost of paint purchased for a renovation project


3. The hiring of a bull-dozer to clear the land where a new garage will be built


4. All of the above


5. Both (1) and (2) above

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QUESTION 13

Dilash is working on contingency planning as part of his risk management activities with his project team. Which of the following does he need to consider?

1. Backup strategies if chosen technology fails.


2. Compression of the project schedule due to a shortened project duration date.


3. Time/cost implications where costs increase because problems take longer to solve than expected.


4. Changes in the supply of funds for the project.


5. All of the above

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QUESTION 14

In which of the following STAGES are project objectives established, teams formed, and major responsibilities assigned?

1. Conceptualizing


2. Defining


3. Planning


4. Executing


5. Delivering

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QUESTION 15

Elizabeth is working on a project that is organized using the existing structure within the organization.  In which type of organization is she most likely working?

1. Functional


2. Balanced matrix


3. Weak matrix


4. Strong matrix


5. Project

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QUESTION 16

In reviewing the project plan, Susan sees that the first prototype is due by December 12. This would be best CLASSIFIED as a

1. Project target


2. Limit item


3. Milestone


4. Project objective


5. Critical goal

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QUESTION 18

Projects are usually classified into all but one of the following categories. Which one is NOT one of the typical classifications?

1. Compliance


2. Operational


3. Strategic


4. Political necessity


5. All of the above

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QUESTION 19

While preparing initial estimates, we ASSUME:

1. Normal Conditions


2. Supernormal Conditions


3. Complex Conditions


4. Uncertain Conditions


5. Extraordinary Conditions

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QUESTION 20

Top-down estimates are TYPICALLY accurate within

1. Minus 20% to plus 50%


2. Minus 20% to plus 60%


3. Minus 10% to plus 50%


4. Minus 10% to plus 60%


5. Minus 100% to plus 100%

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QUESTION 21

Janet is an experienced project manager who is mentoring a new project manager in her organization. She is explaining why estimating time and cost are important to project management. She includes all of the following reasons EXCEPT:

1. To schedule work


2. To determine how long the project should take and cost


3. To develop cash flow needs


4. To determine how well the project is progressing


5. All of the above are valid reasons

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QUESTION 22

Which of the following factors DO NOT influence the quality of estimates?

1. Organization Culture


2. People


3. Padding Estimates


4. Project Classification


5. Planning Horizon

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QUESTION 23

The final step in the creation of a Work Breakdown Structure is to

1. Code the WBS for tracking


2. Assign the cost account to a manager


3. Assign the work package to a manager


4. Develop the responsibility matrix


5. All of these are included in the final step

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QUESTION 24

Which of the following is NOT one of the basic rules to follow when developing project networks?

1. Each activity must have a unique identification number


2. Conditional statements are not allowed but looping statements are allowed


3. An activity identification number must be larger than that of any preceding activities


4. An activity cannot begin until all preceding activities have been completed


5. Networks flow from left to right

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QUESTION 25

An activity that has more than one dependency arrow flowing into it is termed a(n)

1. Parallel activity


2. Critical path


3. Burst activity


4. Merge activity


5. Independent activity

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QUESTION 26

The risk assessment form contains all of the following EXCEPT

1. Who will detect the occurrence of the risk event


2. Difficulty of detecting the occurrence of the risk event


3. When the risk event may occur


4. Likelihood of the risk event occurring


5. Potential impact of the risk event

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QUESTION 27

You are meeting with your Vice President to convince her that there will be many benefits if your organization centralizes project management. You describe all of the following benefits EXCEPT:

1. an overview of all project management activities


2. a big picture of how organizational resources are being used


3. a competitive international edge


4. a risk assessment of her portfolio of projects


5. a link to project execution management

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QUESTION 28

Pam is starting her estimating for a new project. It involves a fixed-price contract with an external consultant, and time and cost are very important. What type of estimating technique should she use?

1. Bottom-up


2. Top-down


3. Consensus method


4. Learning Curves


5. Both (1) and (3) above

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QUESTION 29

Avery and Janice are working together in a MATRIX project management structure. Avery is an experiences project manager and Janice is a new functional manager who has several staff members working on Avery's project. Who is responsible for determining what tasks have to be done?

1. Janice


2. Avery


3. Both should work together and take joint responsibility


4. Either one can take responsibility - it is up to them to decide


5. None of the above

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QUESTION 30

What is the SECOND step in Stakeholder Analysis?

1. Assess how stakeholders will react in various situations


2. Use the expert judgement of others in the organization


3. Identify the positive support or negative impact each stakeholder could generate


4. Brainstorm a list of all potential stakeholders


5. None of the above