Category A
Five people are in attendance in a meeting and are communicating with one another. How many two-way channels of communication are present?
10
What is meant by RACI?
Responsible, Accountable, Consulted, Inform
A subcontractor is delaying the delivery of the deliverables. Which of the following should you do?
(a) Cancel the contract
(b) Schedule a meeting with contractor
(c) Inform management
(d) Delay the payment
Schedule a meeting with contractor
You hired a programmer for $25/hour for two months. What kind of contract is this?
Time & Material
You have been given 100,000 USD to complete the project. 60,000 USD has been spent, though as per the schedule, 55,000 USD should have been spent to complete the same work. What is the Actual Cost (AC)?
60,000 USD
The communication blockers usually result in ?
Conflict
The project manager meets with the project team to review lessons learned from previous projects. In what activity is the team involved?
Risk identification
There has been several changes in your project and this affected your cost and schedule estimates. This has invalidated the original estimating assumptions. What is the estimate at completion (EAC) for your project based on following parameters?
$ 265.000
A person who is directly or indirectly involved with your project, or affected by your project or its outcome, is known as:
Stakeholder
A project manager is in the middle of creating a request for proposal (RFP). What part of the procurement process is she in?
Plan Procurements
The document which lays down decision making criteria for team matters is
Team Charter
If a risk event has a 90 percent chance of occurring, and the consequences will be the US $ 10,000, what does the US $9,000 represent?
Expected monetary value
There are three projects that are possible to be executed in your company:
Based on Net Present Value (NPV) criterion, which project should be selected?
Project A
What is the duration of the Milestone?
Zero
In which of the following phases of the project will most of the money be spent?
(a) Initiating
(b) Planning
(c) Executing
(d) Closing
Executing
A project has a 60% chance of a $100,000 profit and a 40 percent of a US $100,000 loss. The Expected Monetary Value for the project is:
$ 20,000 profit
You are a new project manager who has never managed a project before. It would be BEST in this situation to rely on _____ during planning in order to improve your chance of success.
Historical information
You are working as a project manager in a company. You have the highest degree of authority, you are working full-time for your project and you manage the budget of the project. What is the organization structure in your company?
Projectized
You have been given 100,000 USD to complete the project. 60,000 USD has been spent, though as per the schedule, 55,000 USD should have been spent to complete the same work. What is the Budget at Completion (BAC)?
100,000 USD
The most common cause of conflict within a project is:
(a) Schedule
(b) Personnel
(c) Procedures
(d) Resources
Schedule
If a risk has a 20 percent chance of happening in a given month, and the project is expected to last five months, what is the probability that the risk event will occur during the fourth month of the project?
20 percent
An activity has an early start (ES) of day 3, a late start (LS) of day 13, an early finish (EF) of day 9, and a late finish (LF) of day 19. The activity is not on the ---- path
critical
You are the project manager of a software project team consisting of 2 analysts, 4 software developers and 3 test engineers. One new test engineer will join the team in two weeks. What will be the number of communication channels after new test engineer joins the team?
55
A Risk that is caused by the response of another risk, is known as:
Secondary Risk
What does the Cost Performance Index (CPI) say about the project?
(a) It says whether you are ahead of or behind schedule
(b) It says whether you are overspending or under-spending
(c) It says whether your process is under control or not
(d) Specifies the control limits of the process
It says whether you are overspending or under-spending