A general contractor is managing a construction project that will add a new conference room to an existing office building. The project was documented in a fixed-price contract. The contract includes a damages clause imposing a late completion penalty if the conference room is not ready for use by the contracted deadline. The project has fallen behind schedule. Therefore, to avoid the contractual penalty, the project team will use fast-tracking to compress the duration of the remaining schedule. Which change management phase does this scenario describe?
Answer Choices:
Preparing for the changeUpgrading the changeReinforcing the changeManaging the change
Answer: Managing the change
What should the team do to plan the quality of this scope upgrade?
Answer Choices:
Repair any defective workstations detected prior to closing down the project.Identify and apply the relevant ANSI standards.Inspect the nonconforming hardware after it had been installed.Apply post-project job shadowing techniques to detect the misuse of workstations.
Answer: Identify and apply the relevant ANSI standards.
Which process would increase confidence that the crashing effort will not reduce the project’s quality?
Answer Choices:
Resource multitaskingProgressive elaborationQuality assuranceRisk exposure
Answer: Quality assurance
Which two actions should the project team perform to prepare for the potential scope change?
Answer Choices:
Pad the contingency allowances for time and cost.Establish a change request form and a change log.Use the contract to define the requirements for notification.Inflate the price charged for making a change.Finish the existing scope before implementing the mandatory scope changes.Correct Answers:Pad the contingency allowances for time and cost.Establish a change request form and a change log.
Answer:
When does a negative cost variance (CV) occur in earned value management?
Answer Choices:
When the actual cost is more than the earned valueWhen cost variance is more than schedule varianceWhen schedule variance is more than cost varianceWhen the earned value is more than the actual cost
Answer: When the actual cost is more than the earned value
What is the documentation that provides assurance that products or services have been delivered on time and as ordered?
Answer Choices:
Procurement voucherVendor invoiceVendor closing checklistVendor account statement
Answer: Vendor invoice
What are two purposes of project closeout?
Answer Choices:
To keep the project on scheduleTo modify scope to meet client needsTo derive lessons learned and best practicesTo make sure the project remains within budgetTo ensure completion of the projectCorrect Answers:To derive lessons learned and best practicesTo ensure completion of the project
Answer:
The customer of a project has validated that scope has been completed for a beta test. Which closure phase does this describe?
Answer Choices:
Stage completionDeliverable completionIteration completionPhase completion
Answer: Deliverable completion
A project is nearing completion, and the entire project team is meeting. During the meeting, the team discusses a part of the project that went particularly well, and the person responsible for that task describes how they were able to exceed expectations. Another discussion summarizes a part of the project that was over budget and how the team could have prevented the cost overrun. Which project closeout process is taking place in this meeting?
Answer Choices:
Lessons learned reviewTeam building sessionFormal acceptance of deliverablesReleasing of project team members
Answer: Lessons learned review
A firm begins its strategic business initiative of developing a new business model that will allow the firm to deliver an efficient, tailored service to its customers. To accomplish this, the firm initiates a business management project. Which objective of project management is directly related to the tailored service?
Answer Choices:
Resource loadingStakeholder satisfactionProject teamworkEfficient output
Answer: Stakeholder satisfaction
When does a negative cost variance (CV) occur in earned value management?
Answer Choices:
When the actual cost is more than the earned valueWhen cost variance is more than schedule varianceWhen schedule variance is more than cost varianceWhen the earned value is more than the actual cost
Answer: When the actual cost is more than the earned value
What is the documentation that provides assurance that products or services have been delivered on time and as ordered?
Answer Choices:
Procurement voucherVendor invoiceVendor closing checklistVendor account statement
Answer: Vendor invoice
What are two purposes of project closeout?
Answer Choices:
To keep the project on scheduleTo modify scope to meet client needsTo derive lessons learned and best practicesTo make sure the project remains within budgetTo ensure completion of the projectCorrect Answers:To derive lessons learned and best practicesTo ensure completion of the project
Answer:
What is one of the five levels of project management maturity?
Answer Choices:
Unstructured processManaged processEvolving processRegulated process
Answer: Managed process
Which scenario describes a project?
Answer Choices:
A sporting goods store installs a new point-of-sale system.An automobile manufacturer produces automobiles.A freight company moves products from one point to another.An airline company provides transportation services.
Answer: A sporting goods store installs a new point-of-sale system.
A firm with many ongoing projects deploys an organizational structure where the project manager defines what needs to be accomplished and establishes the project plan, schedule, and budget. Additionally, the functional manager determines how the project will be accomplished by assigning personnel and executes plans in accordance with the standards set by the project manager. Which type of organizational structure is this firm using?
Answer Choices:
Balanced matrix organizational structureWeak matrix organizational structureFunctional (departmentalized) organizational structureStrong matrix organizational structure
Answer: Balanced matrix organizational structure
Which advantage does the projectized organizational structure provide for a firm with multiple projects?
Answer Choices:
The subject matter experts assigned to the project will always have appropriate expertise.A skilled project team can support successive projects of the same type.Team members enjoy access to a repository of functional or technical expertise.Equipment and personnel are usually shared efficiently based on current needs.
Answer: A skilled project team can support successive projects of the same type.
An organization expects to use a project management office (PMO) to support multiple projects that will be implemented within a functional organizational structure. Which benefit will this organization gain?
Answer Choices:
Project team members will become full-time members of the project team.Project team members will report directly to a project manager in the PMO.Project team members will maintain access to current technologies and skill sets.Project team members will gain direct access to a project sponsor.
Answer: Project team members will maintain access to current technologies and skill sets.
Regardless of the organizational structure used to manage a project, an organization elects to use a project management office (PMO). Which three benefits will this organization gain?
Answer Choices:
Overfunded budgets will be reduced by at least 50%.Underfunded budgets will be reduced by at least 50%.Subject matter experts will be excused from reporting their schedule status.Lessons learned will be applied to other projects.Best practices will be identified from project reviews.Organizational policies will be available in a central repository.
Answer: Lessons learned will be applied to other projects. Best practices will be identified from project reviews. Organizational policies will be available in a central repository.