Question: What are two purposes of project closeout?
Answer Choices:
• To keep the project on schedule
• To modify scope to meet client needs
• To derive lessons learned and best practices
• To make sure the project remains within budget
• To ensure completion of the project
Answer: To derive lessons learned and best practices
To ensure completion of the project
Question: A project team discusses what went well and what could be improved. Which closeout process is this?
Answer Choices:
• Lessons learned review
• Team building session
• Formal acceptance of deliverables
• Releasing of project team members
Answer: Lessons learned review
Question: Which two scope baseline tools are completed prior to publishing the schedule baseline?
Answer Choices:
• Responsibility assignment matrix (RAM)
• Work breakdown structure (WBS)
• Project team directory
• Resource breakdown structure (RBS)
• Project business case
• Project scope statement
Answer: Work breakdown structure (WBS)
Project scope statement
Question: Which tool would a project team use to indicate the rate of resource usage per work period?
Answer Choices:
• Risk breakdown structure
• Organizational breakdown structure (OBS)
• Network diagram
• Resource histogram
Answer: Resource histogram
Question: Which activity is accomplished as part of the closing process of a project?
Answer Choices:
• Writing the lessons learned
• Managing the stakeholders
• Monitoring the schedule
• Finalizing the project schedule
Answer: Writing the lessons learned
Question: Which activity is accomplished as part of the monitoring and controlling process?
Answer Choices:
• Developing the work breakdown structure (WBS)
• Delivering the completed project to the customer
• Keeping the project activities coordinated
• Establishing the budget for subject matter experts (SMEs)
Answer: Keeping the project activities coordinated
Question: Which risk represents high severity and low probability?
Answer Choices:
• A thunderstorm is predicted
• Some team members have arrived late
• A customer has filed a complaint
• There has been a short circuit in the switchbox
• The accounting system has failed
Answer: The accounting system has failed
Question: What does a calendarized budget report generate?
Answer Choices:
• Release of resources
• Project closure
• Contract closure
• Cost flow requirements
Answer: Cost flow requirements
Question: Which activity is accomplished as part of the executing process of a project?
Answer Choices:
• Assessing budget performance
• Acquiring project team members
• Paying the outstanding vendor invoices
• Creating the network diagram
Answer: Acquiring project team members
Question: What can the contractor do to mitigate the risk of a guest getting injured?
Answer Choices:
• Purchase an Insurance policy
• Require guests to sign a non-liability form
• Replace the stairs with an elevator
• Install lighting, signs and handrails
Answer: Install lighting, signs and handrails
Question: What can the project manager do to avoid cost overruns from enhancements?
Answer Choices:
• Authorize overtime
• Outsource development
• Gain approval to reduce the scope
• Hire additional programmers
Answer: Gain approval to reduce the scope
Question: Which approach can a project manager use for developing a calendarized budget?
Answer Choices:
• Expert
• Three-point
• Bottom-up
• Top-down
Answer: Bottom-up
Question: What is the documentation that provides assurance that products or services have been delivered on time and as ordered?
Answer Choices:
• Procurement voucher
• Vendor invoice
• Vendor closing checklist
• Vendor account statement
Answer: Vendor invoice
Question: Which strategy is the wedding planner using to address the risk of rain?
Answer Choices:
• Risk Avoidance
• Risk Mitigation
• Risk Transference
• Risk Acceptance
Answer: Risk Mitigation
Question: The customer has validated that scope has been completed for a beta test. Which closure phase is this?
Answer Choices:
• Stage completion
• Deliverable completion
• Iteration completion
• Phase completion
Answer: Deliverable completion
Question: When does a negative cost variance (CV) occur in earned value management?
Answer Choices:
• When the actual cost is more than the earned value
• When cost variance is more than schedule variance
• When schedule variance is more than cost variance
• When the earned value is more than the actual cost
Answer: When the actual cost is more than the earned value