Dirección de proyectos – Preguntas PMI

COST


 

001. The relationship between the budgeted actual cost, actual work completed and work planned will determine the

A. Schedule estimate at completion

B. Cost estimate at completion

C. Cost Performance Index

D. Schedule Performance Index

Answer: A


 

002. All work packages are complete

A. at EAC time

B. when BAC is equal to EAC

C. when BCWP intersects BCWS

D. when schedule variance is zero

Answer: B


 

003. Earned value is

A. the base line plan

B. completed work value

C. cost/cost variance

D. percent over or under budget

Answer: B


 

004. You could tell Diane was worried about her project. Her folks had been working on the project since Independence Day. Here it was already Halloween and they were just finishing up work that was supposed to have been completed by Labor Day. "Oh dear", she confided to her friend, "Instead of completing by Christmas, at this rate I expect we won't be done until

A. New Year's Day

B. St. Patrick's Day

C. Easter

D. the 4th of July

Answer: D


 

005. Diane was so concerned about her project that she woke up dreaming about it. She thought to herself, "Well, our BCWP is 2, our ACWP is 4 and our BCWS is 6, so that means

A. our productivity was less than planned

B. our cost estimate at completion is 6

C. our CPI and SPI are both positive

D. our cost variance is negative

E. a, c and d

Answer: E


 

006. The measurement which best shows the difference between actual work and actual costs is

A. Cost variance

B. Percent over or under

C. Schedule variance

D. CPI

Answer: A


 

007. Rework costs ____ times budgeted costs.

A. +75, -25

B. +25, -10

C. 25 to 50

D. 10 to 15

Answer: C


 

008. If part of a project's costs will be paid in future years, the best way to determine the value of those costs in today's dollars is

A. estimated project payout

B. return on investment

C. net present value

D. discounted cash flow

Answer: D

009. If the ACWP exceeds the BCWP, the cost estimate at completion will

A. increase

B. decrease

C. depend on the BCWS

D. exceed the schedule estimate at completion

Answer: A


 

010. If the BCWS = $1,000,000, the BAC = $2,000,000, the ACWP = $1,500,000, the BCWP = $500,000 and you're halfway through the project after two years, what is the cost estimate at completion?

A. $2,000,000

B. $4,000,000

C. $6,000,000

D. $8,000,000

Answer: C


 

011. Cost management requires a critical look at future expenditures and the controls exercised over those expenditures. The three types of cost estimates through which project expenditures are made are ________.

A. rough order of magnitude, guestimate, and actual

B. traditional, classical, and contemporary

C. order of magnitude, budget, and definitive

D. concept, budget, and design

Answer: C


 

012. The cost estimate with the most precise estimate (i.e., the smallest range of error) is the ________ estimate.

A. engineering

B. budget

C. concept

D. definitive

Answer: D


 


 

013. The cost estimate that has a range for error of minus 10 percent to plus 25 percent is the ________ estimate.

A. budget

B. definitive

C. parametric

D. analogy

Answer: A


 

014. There are usually two types of reserves in a project's budget. The ________ reserve is for cost variances from the plan because of inaccurate estimates or pricing and costs overruns, while the ________ is to accommodate costs for project work that were not included in the plan through error or oversight.


 


 

A. project; budget overrun allowance

B. engineering; management allowance

C. management; contingency allowance

D. management; mismanagement allowance

Answer: C


 

015. Feasibility studies are evaluations of both the technical and economic aspects of a potential project. In the economic area, one would look at such items as interest rates, present worth factors, capitalization costs, and ________.

A. human resource skills

B. depreciation costs

C. prospective projects managers

D. implementation of cost controls

Answer: B


 


 


 


 

016. Project financing can be extremely complex and can come from a variety of sources. However, ________ is not a potential source of financing for a project.

A. borrowing money from a bank

B. selling stocks in the project or corporation

C. selling bonds on the project

D. selling lottery tickets on the project

Answer: D


 

017. Life cycle costing is a concept whereby all costs for a system are computed to determine the total cost of ownership. Life cycle cost categories include ________.

A. purchase, repair, and operation

B. development, procurement, and operation/maintenance

C. procurement, lease, and disposal

D. procurement, operation, and disposal

Answer: B


 

018. The integration of cost and schedule to provide measures of the project's performance is the earned value system, or contract performance measurement. The baseline for the earned value system is depicted as a slight "S" curve because ________.

A. there are fewer costs at project initiation until the work force is fully staffed

B. there are workers who have not been paid, so the expense is not shown on the chart

C. there are more expenses to get a project started than are required on a normal operating basis

D. this is just a traditional method of plotting the costs and has no relationship to the actual expenditures

Answer: C


 

019. The pricing of a project can be extremely complex in the development of valid cost estimates and price quotes from vendors. The tool that facilitates the pricing of a project by a structured decomposition of the total into individual elements of labor, material, and equipment is the ________

A. project management plan

B. budget

C. work breakdown structure

D. configuration management plan

Answer: C


 


 

020. In estimating the cost of work, the best source of cost information can be obtained from the ________.

A. customer

B. historical records

C. senior engineers

D. top management

Answer: B


 


 


 

 

RESPONSABILITY


 

001. You have just found out that a major subcontractor for your project consistently delivers items late. You decide that you have bigger problems to address, so you do nothing. What conflict resolution mode are you using?

A. Ignoring

B. Compromise

C. Smoothing

D. Withdrawal


 

ANS: D


 


 

002. You are a new project manager for company B. You previously worked for company A that had an extensive project management practice. Company B has its own procedures, but you are more familiar with those from company A. You should:

A. use the practices from company A but include any forms from company B.

B. use the forms from company B and begin to instruct them on ways to upgrade their own.

C. talk about changes to the change control board of company B.

D. interact with others in an ethical way by sharing the good aspects of company A's procedures.


 

ANS: B


 

003. Payment for any decision made or encouraged by a foreign official with respect to whether a company will be awarded business is BEST described as:

A. common practice.

B. a sunk cost.

C. a bribe.

D. a progress fee.


 

ANS: C


 

004. In the initiation phase of your project, it is apparent that factions within the client's company have significantly different views on how the project should be structured and how the deliverables should be defined. Which of the following is the BEST thing to do?

A. Ask the client when they will be in agreement on the project requirements

B. Work with leadership from each area to collaboratively engineer a mutually acceptably solution

C. Make sure the terms and conditions of the contract are clear

D. List the consequences of changes in the contract's requirements section


 

ANS: B


 

005. While testing the strength of concrete poured on your project, you discover that over 35% of the concrete does not meet your company's quality standards. You feel certain the concrete will function as it is, and you don't think the concrete needs to meet the quality level specified. What should you do?

A. Change the quality standards to meet the level achieved

B. List in your reports that the concrete simply "meets our quality needs"

C. Ensure the remaining concrete meets the standard

D. Report the lesser quality level and try to find a solution


 

ANS: D


 

006. Another project manager in your company is having difficulty managing his project. You have found that he has not used a project charter and that is probably the cause of the problem. How can you help?

A. Provide him with a copy of an article about project charters

B. Work with his boss to get him a mentor

C. Develop a draft charter for his use

D. Talk to him about his project and offer help in creating a project charter


 

ANS: D


 


 


 


 

007. You are the project manager for a new international project, and your project team includes people from four countries. Most of the team members have not worked on similar projects before, but the project has strong support from senior management. What is the BEST thing to do to ensure that cultural differences do not interfere with the project?

A. Spend a little more time creating the work breakdown structure and making sure it is complete

B. As the project manager, make sure you choose your words carefully whenever you communicate

C. Ask one person at each team meeting to describe something unique about their culture

D. Carefully encode all the project manager's communications

ANS: C


 

008. You are four months into a three year project when your project team makes significant discoveries on your project. What is the BEST thing to do?

A. Make certain the discoveries are included in the project lessons learned

B. Make certain the discoveries are in the monthly status report

C. Make certain you mention them at the senior management meeting in two months

D. Make certain you tell the other project managers involved in this program at the weekly meeting

ANS: D


 

009. During a meeting with some of the project stakeholders, the project manager is asked to add work to the project scope of work. The project manager had access to correspondence about the project before the charter was signed and remembers that the project sponsors specifically denied the scope of work mentioned by these stakeholders. The BEST thing for the project manager to do would be to:

A. let the sponsors know of the stakeholders' request.

B. evaluate the impact of adding the scope of work.

C. tell the stakeholders the scope cannot be added.

D. add the work if there is time available in the project schedule.

ANS: C


 

0010. You have just been assigned project manager for a new telecommunications project. There appear to be many risks on this project, but no one has evaluated them to assess the range of possible project outcomes. What needs to be done?

A. Risk identification

B. Risk quantification

C. Risk response planning

D. Risk monitoring and control

ANS: A


 

011. You are the project manager for a large project under contract with the government. The contract for this two year, multi-million dollar project was signed six months ago. You were not involved in contract negotiations or setting up procedures for managing changes, but now you are swamped with changes from the sponsor and from people inside your organization. Who is normally responsible for formally reviewing major changes to the project/contract?

A. The change control board

B. The contracting/legal department

C. The project manager

D. Senior management

ANS: A


 

012. While preparing your risk responses, you realize that you have not planned for unknown risk events. You need to make adjustments to the project to compensate for unknown risk events. These adjustments are based on your past project experience when unknown risk events occurred and knocked the project off track. What should you do?

A. Apply a general contingency to try to compensate

B. Document the unknown risk items and calculate the expected monetary value based on probability and impact that result from the occurrence

C. Determine the unknown risk events and the associated cost, then add the cost to the project budget as reserves

D. Add a 10% contingency

ANS: A


 


 


 

013. There are over 30 stakeholders on your project. The project is being done in another country with people from three countries as team members. Which of the following is the MOST important thing to keep in mind?

A. The communication channels will be narrow.

B. Many competing needs and objectives must be satisfied.

C. There must be one sponsor from each country.

D. Conflicts of interest must be disclosed.

ANS: B


 

014. Which of the following is NOT a measure that determines whether a business practice used by another country is an unfair business practice?

A. It hurts the right to physical movement.

B. It is a common practice in the other country.

C. It does not supply a decent wage for the country and the type of work.

D. It discriminates against women.

ANS: B


 

015. A company puts a new product into the marketplace without any reports of problems. However, your internal research indicated that there is a possibility of two serious injuries per year and would cost US $20,000,000 to fix. What should you do?

A. Make the modifications necessary in current products

B. Recall all existing product

C. Wait until an injury to verify the impact

D. Obtain insurance to cover the anticipated damages

ANS: B


 

016. You are approached by company A to produce certain software. During the middle of the project a competitor of company A asks you to produce similar software. What should you do?

A. Do not do the new project since it is a conflict of interest

B. Do the project using some of the material created for company A

C. Do the project with all new work

D. Review the intellectual property clause for the first project to help determine the approach

ANS: D


 

017. You've been assigned to take over managing a project that should be half-complete according to the schedule. You discover that the project is running far behind schedule, and that the project will probably take double the time originally estimated by the previous project manager. However, upper
management has been told that the project is on schedule. What is the BEST course of action?

A. Try to restructure the schedule to meet the project deadline

B. Report your assessment to upper management

C. Turn the project back to the previous project manager

D. Move forward with the schedule as planned by the previous project manager and report at the first missed milestone

ANS: B


 

018. What is the project manager's KEY role during negotiations?

A. Protect the relationship between buyer and seller

B. Negotiate a price under the seller's estimate

C. Ensure that all project risks are thoroughly delineated

D. Ensure that an effective communication plan is established

ANS: A


 

019. A major negotiation with a potential subcontractor is scheduled for tomorrow when you discover there is a good chance the project will be canceled. What should you do?

A. Do not spend too much time preparing for the negotiations

B. Cut the negotiations short

C. Only negotiate major items

D. Postpone the negotiations

ANS: D


 

020. Payment for routine government action by a foreign official is:

A. a bribe.

B. allowed.

C. not payable upon violation of government law.

D. allowed only if they process the project schedule.

ANS: B


 


 


 


 

  1. Chapter 10. Practice Exam 1

Question 1

During what phase of the lifecycle is the project scope statement created?

  • A. Concept
  • B. Planning
  • C. Requirements definition
  • D. Feasibility study

Question 2

All the following statements about a WBS are true except which one?

  • A. It provides a framework for organizing and ordering a project's activities.
  • B. It breaks down a project into successively greater detail by level and can be similar in appearance to an organizational chart.
  • C. It's one of the methods available to build a project schedule.
  • D. It's a key project planning tool.

Question 3

During which phase of the project lifecycle is there the greatest degree of uncertainty?

  • A. Initiating
  • B. Planning
  • C. Executing
  • D. Controlling

Question 4

Which project-selection technique does not utilize a benefit measurement approach?

  • A. Linear programming
  • B. Murder boards
  • C. Cost-benefit analysis
  • D. Scoring models

Question 5

A consulting company first forms a pursuit team to develop a competitive bid and response to an RFP it received. After learning its response had been selected by the buyer, the company formed a negotiation team to settle on a final price. After the negotiation was complete and the contract was signed, the project manager was assigned to the engagement. The project manager was not part of either team or the process to date, so what should he, as a good project manager, do first?

  • A. Compare the proposal statement of work with the statement of work in the contract.
  • B. Develop a project charter and communications plan.
  • C. Develop an initial WBS.
  • D. Review the constraint and assumptions used in estimating process.

Question 6

In the early days of project management, project managers were typically selected from which organizational area?

  • A. Information Systems
  • B. Mid-level management
  • C. Engineering
  • D. Accounting

Question 7

SMART objectives are ____________________.

  • A. objectives that are easily achievable
  • B. objectives used with the MBO management approach
  • C. objectives aligned with the organization's strategic goals
  • D. objectives that are specific, measurable, assignable, realistic, and time based

Question 8

Of the following conflict management approaches, which is believed to lead to the least-sustaining positive results?

  • A. Avoidance
  • B. Problem solving
  • C. Compromise
  • D. Forcing


 


 

Question 9

Complex projects, involving multidisciplinary, multidepartment efforts, are most effectively managed by which of the following?

  • A. A strong matrix organization
  • B. A strong traditional manager
  • C. A functional organization
  • D. Multiple lead project managers

Question 10

Which document describes the business need, the quantifiable criteria that must be met by the project, the key deliverables, and the final product of a project?

  • A. Project charter
  • B. Signed contract
  • C. WBS
  • D. Scope statement

Question 11

All the following statements are false about the scope statement except which one?

  • A. It provides a documented basis for preparing the network diagram.
  • B. It is not the basis for the contract between the buyer and seller.
  • C. It does not include a description of project objectives, such as cost, schedule, and quality measures.
  • D. It is not developed by functional managers during the concept phase of a project.

Question 12

Effective stakeholder management includes all the following project elements except which one?

  • A. Taking key stakeholders to dinner
  • B. Clear requirements definition
  • C. Frequently soliciting stakeholder input and feedback
  • D. Scope change control

Question 13

Two types of network diagrams are precedence diagrams and arrow diagrams. Which statement best describes the primary difference between them?

  • A. The arrow diagram does not indicate the critical path.
  • B. The precedence diagram uses float as part of the activity duration.
  • C. The precedence diagram represents activities on nodes.
  • D. The arrow diagram incorporates PERT in the activity duration.

Question 14

Although several factors should be considered when developing estimates, the primary basis for estimating time and cost for an activity is _______________.

  • A. resource usage and productivity rates
  • B. resource usage and resource availability
  • C. productivity rates and resource availability
  • D. activity risk rating and resource rates

Question 15

Using the following earned value metrics, calculate the SV, CV, and EAC for this project:

PV=$5,000, EV=$5,250, AC=$5,500, BAC=$25,000

  • A. SV=–$250, CV=$250, EAC=$26,315
  • B. SV=$250, CV=–$500, EAC=$24,038
  • C. SV=–$250, CV=–$500, EAC=$24,038
  • D. SV=$250, CV=–$250, EAC=$26,315

Question 16

When estimating activity durations, what inputs should you consider?

  • A. Management expectations, resource requirements, resource capabilities, and past project files
  • B. Management expectations, budget constraints, resource capabilities, and lessons learned from past projects
  • C. Stakeholder expectations, resource capabilities, project team knowledge, and past project files
  • D. Resource requirements, resource capabilities, project team knowledge, and past project files


 


 


 


 

Question 17

Due to an ethical violation by the original project manager, you have been handpicked by the Director of Operations to take over the project. In addition to this major project change, you also discover the following on your first day on the project:

  • Your team is distributed across three time zones.
  • No risk response plan exists.
  • The CPI is 0.9.
  • A difficult critical path task is scheduled to start tomorrow.
  • The SPI is 1.05.

Based on this information, what should be your two highest priorities?

  • A. Project team and stakeholders, cost
  • B. Schedule, cost
  • C. Cost, Director of Operations
  • D. Risk management, schedule

Question 18

The following activities are in the network diagram shown here:


 

Activity

Predecessors 

Duration (Days) 

A 

None 

4 

B 

A 

3 

C 

A 

5 

D 

B, C 

7 

E 

D 

5 

F 

D 

4 

G 

E, F 

2 

Which statement is true?

  • A. F has a day of slack, and B is on the critical path.
  • B. Both B and E are on the critical path.
  • C. B has two days of slack, and E has one day of slack.
  • D. Both C and E are on the critical path, and B has two days of slack.

Question 19

Lifecycle cost estimates consider which factors?

  • A. Cost of ownership, including the costs of operation and disposal
  • B. Acquisition costs only
  • C. Costs associated with the concept, planning, implementation, and closeout phases
  • D. Expected profits, measured by subtracting total costs from estimated gross revenues


 


 


 


 


 


 

Question 20

Accelerated depreciation allows a company to write off capital expenses from taxes more quickly. Which of the following is a recognized method of accelerated depreciation?

  • A. Double-declining balance
  • B. Straight-line
  • C. Rapid capital deduction
  • D. Benefit cost ratio

Question 21

On a top-secret biotechnology R&D project, the project performance reports indicate a Cost Performance Index (CPI)of 0.81 and a Schedule Performance Index (SPI) of 1.19. What is the most likely explanation for this situation?

  • A. Poor project management and estimating.
  • B. More experienced specialists have been used.
  • C. The project team is working overtime.
  • D. The special resources (equipment, materials) procured cost more than originally projected.

Question 22

All the following statements about analogous estimating are true except which one?

  • A. It has an accuracy rate of ±10% of actual costs.
  • B. It supports top-down estimating and is a form of expert judgment.
  • C. It is used to estimate total project costs when a limited amount of detailed project information is available.
  • D. It involves the use of the cost of previous, similar project(s) as the basis for estimating the cost of the current project.

Question 23

Which of the following estimates would most likely predict the actual cost of a project?

  • A. Definitive
  • B. Budget
  • C. Detailed
  • D. Order of magnitude

Question 24

Considering the project schedule during the cost budgeting process ___________.

  • A. allows costs to be assigned to the time period when they will be incurred
  • B. identifies the project elements so that costs can be allocated
  • C. provides another way to help measure and monitor cost performance
  • D. allows the contingency allowance to be calculated correctly

Question 25

You are taking over a project during the planning phase and discover that four individuals have signed the project charter, including two company officers. Which of the following should most concern you?

  • A. That the charter was created during planning
  • B. Determining the reporting structure for the communications plan
  • C. Getting a single project sponsor
  • D. Determining the reason for the four charter signatures

Question 26

A former-CPA-turned-project-manager is selected to lead a groundbreaking information technology project. Because the project manager has very limited knowledge of this new technology, she decides to manage the project by delegating key planning activities, such as WBS development, schedule development, cost estimating, determination of specific tasks, and task assignments, to individual project team members. She decides it will be best to serve as a coordinator and coach for this initiative. What is the likely outcome of this approach?

  • A. Due to the work environment created by the project manager, a team characterized by moderate productivity levels and high commitment levels.
  • B. A team characterized by poor performance, low morale, high conflict, and high turnover.
  • C. Due to the work environment created by the project manager, a team characterized by high levels of productivity, creativity, and commitment.
  • D. A team destined to experience the normal "storming, norming, forming" phases. In time, however, the team will become highly productive.


 


 


 


 

Question 27

Which of the following is a chief characteristic of the Delphi technique?

  • A. Bottom-up approach
  • B. Extrapolation from historical records
  • C. Isolated opinion
  • D. Expert opinion

Question 28

To manage a project, a project plan should be realistic and achievable. Which of the following is the best method to achieve a realistic project plan?

  • A. The project manager creates the project plan based on input from the team.
  • B. The project manager creates the project plan based on input from senior management.
  • C. The functional manager creates the project plan based on input from the project manager.
  • D. The project manager creates the project plan based on the scope statement and organizational procedures.

Question 29

The WBS can be used to _________________________.

  • A. show calendar dates for each task
  • B. show the business need for the project
  • C. communicate with the customer
  • D. show the dependencies between work packages

Question 30

A new project manager asks you why he should use a WBS on his project. He does not see the value and feels it will take too much time to develop. What would be an effective response to his question?

  • A. A WBS will ensure that all the work to be done is accounted for.
  • B. A WBS is required if the project involves contracts.
  • C. A WBS is the only way to identify risks.
  • D. He can build a project schedule without a WBS.

Question 31

A new product-development project has five levels in the WBS and has been sequenced using the precedence diagramming method. The activity duration estimates have been received. Which activity would you do next?

  • A. Compress the schedule.
  • B. Finalize the schedule.
  • C. Create an activity list.
  • D. Create a code of accounts.

Question 32

You are now a project manager for a new nanotechnology carbon tube product development project. Most schedule development steps have been completed, including schedule compression. Which activity would you likely perform next?

  • A. Set up schedule change control.
  • B. Finish schedule development and gain approval of the schedule.
  • C. Develop a communications plan.
  • D. Update the project schedule with risk response strategies.

Question 33

A project manager is using weighted average duration estimates to calculate activity duration. What type of mathematical analysis is being used?

  • A. PERT
  • B. GERT
  • C. Monte Carlo
  • D. CPM

Question 34

A team member from the Web Creative Design department tells you that her work is too creative to provide you with a fixed, single estimate for the task. You both decide to use the average time the task has taken for past projects. This is an example of which of the following?

  • A. Parametric estimating
  • B. PERT
  • C. Monte Carlo
  • D. CPM


 

Question 35

  • A task has an early start date of day 3, a late start date of day 13, an early finish date of day 9, and a late finish date of day 19. What can be said about this task?
  • A. It's not on the critical path.
  • B. It's on the critical path.
  • C. It has a lag.
  • D. It's progressing well.

Question 36

  • Rearranging resources so that a constant number of resources are used each month is called what?
  • A. Balancing
  • B. Crashing
  • C. Fast tracking
  • D. Leveling

Question 37

  • The cost of choosing one project over another is called what?
  • A. Opportunity cost
  • B. Sunk cost
  • C. NPV
  • D. Indirect cost

Question 38

  • Which of the following is not needed in order to develop a project estimate?
  • A. WBS
  • B. Risks
  • C. Change-control procedure
  • D. Assumptions

Question 39

  • You have four projects from which to choose. Project 1 is a 5-year project with an NPV of U.S. $750K. Project 2 is a 3-year project with an NPV of U.S. $600K. Project 3 is a 1-year project with an NPV of U.S. $500K. Project 4 is another 3-year project with an NPV of U.S. $650K. Which project is preferred?
  • A. Project 1
  • B. Project 2
  • C. Project 3
  • D. Project 4

Question 40

  • During project planning, you are discussing estimating techniques with the project sponsor. The sponsor strongly recommends analogous estimating, but you want a form of expert judgment. What is the best thing you can do to resolve this situation?
  • A. Agree to analogous estimating. It's not worth the confrontation at this point in the project.
  • B. Determine why the sponsor wants such an accurate estimate.
  • C. Try to convince the sponsor to allow expert judgment because it is typically more accurate.
  • D. Agree to analogous estimating because it is a form of expert judgment.

Question 41

  • You've just completed initiating a small project and are preparing to start the planning phase when a project stakeholder asks for the project's budget and cost baseline. What should you tell the project stakeholder?
  • A. The project budget and cost baseline will not be finalized and accepted until the planning phase is completed.
  • B. The project will not have a budget and cost baseline due to its small size.
  • C. The project budget can be found in the project charter because it has just been completed.
  • D. It is impossible to create an estimate before the project plan is created.

Question 42

  • You are asked to prepare a budget for completing a project that was started last year and then shelved for 7 months after receiving a no-go decision after the design phase tollgate. All the following would be included in your budget except which one?
  • A. Sunk cost
  • B. Variable cost
  • C. Fixed cost
  • D. Direct cost

Question 43

  • Four projects are presented to the Project Portfolio Management Team. Project A has an IRR of 12%, Project B has a BCR of 2:3, Project C has an opportunity cost of U.S. $75K, and Project D has a payback of 6 months. Which project would you recommend?
  • A. Project A
  • B. Project B
  • C. Project C
  • D. Project D
  • Project XYZ has a scope change probability of 75% and a cost increase change probability of 40%. What is the probability that Project XYZ will have a scope change and not see a cost increase?
  • A. 30%.
  • B. 45%.
  • C. 110%.
  • D. Not enough information is provided.

Question 45

  • Your project involves specialized equipment with a value of $500,000, and there is a 6% probability that the equipment could be lost. You decide to investigate the possibility of transferring this risk to an insurance company. The cost of the insurance premium is $19,000. Based on this information, what action would you recommend?
  • A. Buy the insurance premium, because the premium cost is less than the probable equipment losses.
  • B. Do not buy the insurance premium, because the premium cost is more than the probable equipment losses.
  • C. You cannot make a determination based on the information provided.
  • D. Develop a contingency plan.

Question 46

  • What are workarounds in project management?
  • A. Workarounds are alternative strategies.
  • B. Workarounds are the same as contingency plans.
  • C. Workarounds are responses to new risks that were previously not identified or accepted.
  • D. Workarounds are activities performed as part of fallback plans.

Question 47

  • Which of the following is a valid reason for re-baselining your project plan?
  • A. Cost variances
  • B. Missed target dates
  • C. Scope changes
  • D. Adding additional resources

Question 48

  • All the following are part of a risk management plan except which one?
  • A. Roles and responsibilities for managing risk
  • B. Individual risks
  • C. Budget for risk management activities
  • D. A description of the general risk management approach to be taken


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 

Question 49

  • As the project manager for a new automated manufacturing system implementation project, you have contracted with a national robotics firm to develop a custom robotic arm for a critical step in your future design manufacturing process. The contract is fixed price with incentives for meeting targeted milestone dates. The payment schedule and accompanying incentives are as follows:
  • Payment
  • Milestone
  • Percentage
  • Amount
  • Incentive
  • 1
  • Signed contract
  • 5%
  • $50,000
  • 2
  • Prototype
  • 10%
  • $100,000
  • +10% if 5 days early
  • 3
  • Robot design
  • 15%
  • $150,000
  • +5% if 5 days early
  • 4
  • Robot delivery
  • 40%
  • $400,000
  • + 5% if 1 week early, +10% if 2 weeks early
  • 5
  • User acceptance
  • 30%
  • $300,000
  • At this point, the robotic arm prototype has not been delivered, and it is now 1.5 weeks past due. The contractor's project manager has just called to request a change in the payment schedule. He wants to see the third payment changed to 30% and the final payment reduced to 15%. During the conversation, you sense the contractor has miscalculated the effort to do this work and may be in some financial trouble.
  • From the following options, what would be the best thing to do next?
  • A. Request that resolution of this request be delayed until after receipt of the prototype.
  • B. Schedule a risk management meeting with the contractor to better understand all the project risks before making any decision.
  • C. Ask him to provide justification for his demand.
  • D. Counteroffer his proposal of 30% and 15% with 22.5% and 22.5%, respectively.

Question 50

  • The project team has created a plan describing how it will gather and distribute project information. The plan describes the types of communication mechanisms that will be used and which stakeholders will receive which communications. If anything about this plan changes during the project, which other plan will also be affected?
  • A. Responsibility matrix
  • B. Project plan
  • C. Resource plan
  • D. Staffing management


 

 


 

No hay comentarios: