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Project Management Professional Practice Quiz 1

Project Management Professional Practice Quiz 1

1. Which of the following is a tool used to secure expert judgment?
2. Based on the information provided below, which project would you recommend for being pursued?

Project I, with BCR (Benefit Cost ratio) of 1:1.6; 
Project II, with NPV of US $ 500,000; 
Project III, with IRR (Internal rate of return) of 15% 
Project IV, with opportunity cost of US $ 500,000.
3. What should be done by the project manager to ensure that all work in the project is included?

4. What kind of a relationship is implied when completion of a successor is dependent on initiation of its predecessor?

5. What should a project manager do or follow to ensure clear boundaries for project completion?

6. An organization is certified to a stringent environmental standard and uses that as the key differentiator with its competitors. Alternative identification during scope planning for a particular project has thrown up an expeditious approach to achieve a project need, but this involves a risk of environmental contamination. The team evaluates that the likelihood of the risk is very low. What should the project team do?

The following three tasks form the entire critical path of the project network. The three estimates of each of these tasks are tabulated below. How long would the project take to complete expressed with an accuracy of one standard deviation? 

Task   Optimistic   Most likely   Pessimistic  
A 15 25 47
B 12 22 35
C 16 27 32
8. After a study of the work processes on a project, a quality audit team reports to the project manager that irrelevant quality standards were being used by the project, which might lead to rework. What was the objective of the project manager in initiating this study?

9. Which of the following provides the foundation for team development?

10. Which of the following is NOT an input to project plan execution?
11. A project manager would find team development the most difficult in which form of organization?
12. The project manager of a large multi-location software project team has 24 members, out of which 5 are assigned to testing. Due to recent recommendations by an organizational quality audit team, the project manager is convinced to add a quality professional to lead the test team at additional cost, to the project.

The project manager is aware of the importance of communication, for the success of the project and takes this step of introducing additional communication channels, making it more complex, in order to assure quality levels of the project.

How many additional communication channels are introduced as a result of this organizational change in the project?

13. Once the project is complete, the complete set of project records should be put in which of the following?
14. Which of the following is a common format for performance reporting?
15. If the cost variance is positive and the schedule variance is also positive, then it indicates that …
16. During execution of a project, an identified risk event occurs that results in additional cost and time? The project had provisions for contingency and management reserves. How should these be accounted for?
17. Which one of the following is the last step of project closing?
18. Who should be involved in the creation of lessons learned, at closure of project? (choose the BEST answer)
19. An organization has recently started outsourcing work to a low cost, high value engineering center located in a different country. Which of the following should the project manager ensure for the team as a proactive measure?
20. While reviewing the progress, the project manager assesses that an activity has been missed out from the implementation plan. A milestone, scheduled to be achieved within another week, would be missed with the current implementation plan.

Which of the following is the next best action for the project manager in this situation?