TPV1 Review B QUESTIONS AND ANSWERS ALL CORRECT

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TPV1 Review B Which of the following best describes the elements in a work breakdown structure (WBS)? The elements are the description of the required work. They analyze the risk. Elements... are part of a weak matrix. They are deliverables. Correct Answer: They are deliverables. Which of the following allows activities to be done in parallel that would normally be done in sequence? Lag time Crashing Fast tracking Lead time Correct Answer: Fast tracking Which of the following is a time-phased budget that is used to measure and monitor cost performance throughout the project life cycle? Cost estimating Cost variance Change control Cost baseline Correct Answer: Cost baseline You work as a project manager for uCertify Inc., which is a matrix organization. You have to assign tasks associated with the project to the employees. One of the employees wants to know about the characteristics of a matrix organization. What will be your reply? Choose all that apply. A mix of full time and part time project resources Better inter-departmental communication Multiple projects compete for the same limited resources Low to moderate authority for the project manager Correct Answer: A mix of full time and part time project resources Better inter-departmental communication Low to moderate authority for the project manager Your subject matter expert tells you that her most likely estimate is 40 hours, her pessimistic estimate is 65 hours, and her optimistic estimate is 24 hours. What is the final three-point estimate? Correct Answer: 43 hours Three-point estimates are an average of the most likely, pessimistic, and optimistic estimates. You are the project manager of the NHQ Project for your organization. Your organization is a functional structure and you report to the CIO, Henry Davis. Henry has told you that while your project is going well, you'll need to limit the number of hours the project resources can contribute to the project from this point forward. This is because the resources have other projects in the IT department they'll be starting next week. If Henry limits the number of hours to 20 hours per week for your project, what will happen to the project duration? The delay in the project will cause your project's cost and schedule baseline to diminish. The amount of work will remain the same, but it will take longer time to complete. The amount of work will increase and it will take longer time to complete. The number of workers on the project should be increased. Correct Answer: The amount of work will remain the same, but it will take longer time to complete. You are the program manager for your organization. You have created a program that will create things for the organization throughout the program not only at program closure. All of the following are elements that you may transfer to the organization throughout the program's life cycle except for which one? Risk management outcomes Program personnel Outputs from team development Benefits Correct Answer: Program personnel You are the project manager of the NHQ Project. This project has a budget of $750,000 and is scheduled to last two years. The project is currently 25 percent complete though it was scheduled to be forty percent complete by this time. The project has spent $210,000 to date. What is the project's cost performance index? Correct Answer: .89 CPI = Earned value (EV) / Actual cost (AC) Sasha works as the project manager for HGH project. She is into the Control Costs process. Which of the following is NOT included in the Control Costs process? Ensuring that cost expenditures do not exceed the authorized funding Informing appropriate stakeholders of all approved changes and associated cost Estimating costs for the project. Ensuring that all change requests are acted on in a timely manner Monitoring work performance against funds expended Correct Answer: Estimating costs for the project. In which of the following structures can managers plan and evaluate project implementation but not have any actual authority over the workers? Traceability matrix Strong matrix Coverage matrix Weak matrix Correct Answer: Weak matrix You work as a project manager for uCertify Inc. You have to include examining, measuring, or testing of work results. Which of the following techniques will you use to accomplish this task? Quantitative risk analysis Negotiating Inspection Parametric estimating Correct Answer: Inspection You have been assigned as project manager for a major IT project. Brett is the functional manager who will give you the human resources for your development team. However, Brett is forced to supply resources to several concurrent projects. You have a "dream-team" list of the people you want assigned to your team, but you're worried other project managers may want these same people. What is the best way to approach Brett regarding the assignment of people to your project? Send Brett an email listing the resources you need and the start date for each resource. Try to catch Brett just before a meeting he's headed to so that he will not have time to think up reasons to turn down part of your request. Meet with Brett's boss to advise her that your project is critical. Provide her with the list of resources you need from Brett. Schedule a meeting with Brett to discuss resources. Explain your project deliverables and the skill sets you need. Correct Answer: Schedule a meeting with Brett to discuss resources. Explain your project deliverables and the skill sets you need. You are the project manager of a large project that is of high priority in the project. There are several negative risks that may affect the project's ability to complete on time. Should the project be late, your organization will face fines of $100,000 per day the project is past due. However, should your project complete early, your organization will receive $100,000 per day of early completion. Management has asked you to analyze the project to determine how early the project will be able to finish. What project plan and section of the plan can help you the most in this scenario? The project schedule management plan and its float calculations The cost management plan and its range of variance The project schedule and its management reserve The project risk management changes and the identified risks Correct Answer: The project schedule management plan and its float calculations You are preparing to complete the quantitative risk analysis process with your project team and several subject matter experts. You gather the necessary inputs including the project's cost management plan. Why is it necessary to include the project's cost management plan in the preparation for the quantitative risk analysis process? The project's cost management plan is not an input to the quantitative risk analysis process. The project's cost management plan provides direction on how costs may be changed due to identified risks. The project's cost management plan provides control that may help determine the structure for quantitative analysis of the budget. The project's cost management plan can help you to determine what the total cost of the project is allowed to be. Correct Answer: The project's cost management plan provides control that may help determine the structure for quantitative analysis of the budget. Henry and Fred are working together on business analysis duties for the implementation of new software. Henry, the business analyst, tells Fred that they should take the current measurement of productivity, and then measure again after the solution has been implemented. This benchmarking approach will allow Henry and Fred to see the real effect of the solution on the business need. What term is assigned to this measurement? Post implementation factor S-Curve Yield Key performance indicators Correct Answer: Key performance indicators Sam is the project manager of the NHT Project. His project has stakeholders from the end users, server administrators, functional managers, external customers, technicians, and executive managers. In this high-profile project, which group of stakeholders is the most important? Executive management End users External customers No stakeholders are more important than other stakeholders. Correct Answer: External customers Robert is the project manager for his organization. Management has asked Robert to provide them with the metric he uses to measure deliverables status, costs incurred, and especially how he measures the schedule progress for schedule adherence. What project component could Robert provide for management? Project management plan Cost management and the project schedule Milestone list Work performance measurements Correct Answer: Work performance measurements You are conducting a lessons learned session with your team after the conclusion of your project. From the following list, select the most effective technique to get the information you need. Get the team together informally. Conduct a whiteboard session in which people write down the positive and negative elements of the project. Send an email to all project team members asking them for the input. Produce a report from their observations. Conduct a formal session with the team, and ask team members to identify the successes and failures for each phase. Ask for recommendations regarding what to do for the weak areas they've denoted. A meeting isn't really needed to formulate a good-quality lessons learned document. You can meet individually with each team member and gather their input. Correct Answer: Conduct a formal session with the team, and ask team members to identify the successes and failures for each phase. Ask for recommendations regarding what to do for the weak areas they've denoted. Robert is the business analyst for his organization and he gathered and documented the requirements for a new solution. The stakeholders agree through informal communications that Robert has successfully captured the needed requirements for the solution. The stakeholders signoff on the requirements. What does the signoff represent to Robert? That the stakeholders agree that the requirements are constrained by time, cost, and quality. That his work is done. That the project can now be launched. That the stakeholders agree that the requirements are accurate and complete. Correct Answer: That the stakeholders agree that the requirements are accurate and complete. All of the following describe types of project endings except for which one? Starvation Addition Extinction Attrition Integration Correct Answer: Attrition You're the project manager on a project where the scope has expanded. The change has been approved by the change control board (CC [Show More]

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