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Question 1
You are managing a project to construct a bridge at a location that is highly regulated by multiple levels of government. You are in the process of developing a plan that will establish the criteria and the activities for developing, monitoring, and controlling the schedule.
Which of the following should you gather to complete this process?
A. The charter, project management plan, estimation databases, and PMO templates
B. Government standards, the assumption log, schedule management plan, and milestone list
C. The resource breakdown structure, lessons learned register, and scheduling methodology
D. The project scope statement, risk register, and project team assignments
Correct answer: A
Question 2
One of the project activities requires that a search of a large area is conducted to find debris from an explosion of a failed prototype. The project is now in planning, and there is a debate among the team members on the type and quantity of resources needed to complete this activity.
What should the project manager do first?
A. Select any resource and quantity to complete the task by the due date
B. Request the team to vote and make a decision based on majority
C. Research various levels of resource capability and skills, types, and sizes
D. Utilize a PMIS to manage resource pools and allocate resources
Correct answer: C
Question 3
A project manager is developing a cost management plan and needs to determine the best source of funding for a project that is dictated by a legal requirement. The cost of capital is estimated at 9.7% for non-dividend paying equity, 6.7% for debt, and 5.1% for self-funding. The NPV of the project is $500,000, and the opportunity cost is $750,000.
What is the project manager’s best course of action?
A. Fund the project with equity since there are no dividend obligations
B. Select the self-funding option since it provides the lowest cost of capital
C. Perform an alternatives analysis since there are multiple factors to consider
D. Recommend the termination of the project since another project has a higher NPV
Correct answer: C
Question 4
You are in the process of developing an approximation of the monetary resources needed to complete project work for a large-scale multinational project which will take at least seven years to complete. Your previous projects have all been domestic with short timeframes.
As part of the process you are currently performing, what might you need to do differently compared with your past projects?
A. Create a stakeholder engagement assessment matrix
B. Develop a more robust risk management plan
C. Consider additional enterprise environmental factors
D. Include additional organizational process assets
Correct answer: C
Question 5
You are assigned to a software development project, and you are conducting a product review with an important client. Although the deliverables were previously verified, the client detects a defect and rejects one of the deliverables.
What should you do?
A. Submit a change request to fix the deliverable
B. Refund the customer for the value of the deliverable
C. Ask the project team to repair the defect
D. Begin the claims administration process
Correct answer: A
Question 6
Not all team members are properly checking out resources used in the project.
What is the best option for the project manager?
A. Wait until there is a need or the team is impacted
B. Escalate the issue to the functional managers
C. Discuss the checkout rationale with the team
D. Remove the process of checking out resources
Correct answer: C
Question 7
In a pharmaceutical project, human trials have been started. The CEO is thrilled about the success of the trials up to this point. She announces that the size of the patient pool for the trials should double from the one originally planned and results tracked in the new system launching this week.
What should the project manager do first?
A. Ramp up production to match the demand of the CEO
B. Consider what might be included in a change request
C. Adjust the scope baseline to reflect the increased trial size
D. Communicate the change in the scope to the project stakeholders
Correct answer: B
Question 8
You are managing a renovation project of a house which is to be completed at a budget of $100,000. Earned value analysis shows that so far you have completed 40% of the work and spent $60,000.
How much more will it cost to complete the project if the cost performance remains unchanged?
A. $160,000
B. $149,254
C. $120,000
D. $89,254
Correct answer: D
Question 9
You are a construction project manager and have been recently hired in a well known company as the manager of a highly crucial project. The project is expected to be completed in 2 years. During the project initiation phase you realize that some regulatory and environmental requirements have not been considered in the contract.
Failure to meet the mentioned requirements will negatively affect your company’s reputation, but meeting them will require more time and cost, which will lead to budget and time overruns. In that case, there’s also a chance that the client decides to cancel the project. What would you do in that situation?
A. Your first and immediate action is to disclose your discovery to the project stakeholders and solicit their viewpoints.
B. This requires a scope change notification that should be written immediately.
C. Since this is only a probability it does not need an immediate action. Just try to gather more information as the project goes ahead and decide later on.
D. As a seasoned construction project manager, contact the regulatory body to find out some workarounds for your project.
Correct answer: A
Question 10
Your sponsor will be leaving your project soon due to other obligations. She informs you that her role will be filled with two new people. She assures you that this should not affect the communication complexity of the team since you are only going from eleven to twelve members.
Is your sponsor correct?
A. Yes, because the sponsor is always right.
B. Yes, adding one additional person adds only one more communication channel for an eleven-member team.
C. No, Agile teams should be as small as possible.
D. No, adding one more person adds more than one communication channel for an eleven-member team.
Correct answer: D
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