Reference no: EM133320646
1. You are managing a software development project with an agile approach, as you just completed release one, what should you do to prepare for next release?
a) Confirm Scope baseline is up to date
b) Review Backlogs
c) Confirm Scope statement still valid
d) Review previous release WBS
2. Suppose you are the project manager on a thermal power plant project. How will you manage your team members, if there is a difference of opinion over the design of turbine?
Organize meetings to resolve the misunderstanding and agree on a common solution.
Defer the decision to procure turbine components as much as possible.
Copy the design of turbine from a similar past project.
Procure the turbine parts from the nearest located vendor.
3. You find that activity in your project is very risky. How will you estimate the duration of this activity when your team member has given the optimistic, most likely and pessimistic duration for the activity?
Using variance analysis
Using Sensitivity analysis
Using PERT formula
Using Performance Reports
4. The major characteristics of a project are:
Established objectives
Defined life span with a beginning and an end.
Specific time, cost, and performance requirements.
All the above.
5. Scope Creep is.
the uncontrolled expansion to product or project scope without adjustments to time, cost, and resources.
the tendency for the project scope to expand over time, usually by changing requirements, specifications, and priorities.
resulting in cost overruns and delays.
a, b, and c are all correct.
6. The project team has found a significant decrease in the production rate of your project. You would like to break down the issue to identify the root cause of the problem. What tool or technique would be the most suitable?
a) Audit.
b) Flowchart.
c) Scatter diagram.
d) Fishbone diagram
7. Schedule compression techniques are used to shorten or accelerate the schedule duration without reducing the project scope in order to meet schedule constraints by:
Fast tracking
Crashing.
Updating the schedule.
a and b are both correct
8. The criteria for selecting projects; can be: Financial and Nonfinancial. The Financial Criteria Models are:
Payback
Net Present Value (NPV)
a and b
Critical path
9. In the estimate activity time and cost, using three-point estimates, tE helps define an approximate range for an activity's duration. the expected duration, tE, for the triangle distribution, can be calculated:
tE = (2tO+ 2tM+ 2tP) / 4
tE = (tO + tM + tP) / 3
tE = (3tO+ 3tM + 3tP)/ 9
tE = (tO+ tP) /2
10- As the project manager at the buyer organization, you extend a formal invitation that contains a scope of work that seeks a response that will describe the methodology and results that will be provided to your organization. This is called:
a) Request for proposal
b) Request for bid
c) Request for information
d) Invitation to bid
11. The process of forecasting or approximating the time and cost of completing project deliverables is called
a) Budgeting
b) Estimating
c) Planning
d) Guesstimating
12. Close Project or Phase is the process of finalizing all activities for the project, phase, or contract, it will include the following:
a) Wrapping up the project.
b) Evaluation of individual and team performance
c) Lessons Learned & Retrospective of the Project.
d) All of the above.