31. While having lunch with another project manager, he tells you that he underestimated the number of staff resources needed for his project by nearly 50%, but says he has plenty of reserves to cover the costs. During the next staff meeting, the same project manager says he has nothing new to report for his project and that all is progressing according to schedule. What do you do?
A. Double check your own resource estimates.
B. File a complaint with PMI.
C. Do nothing
D. Report this to the appropriate management
Answer: D, You must report this to the appropriate management. The other project manager has failed to follow proper project processes in failing to report this estimation error. Project managers are required to report errors and omission made by themselves or others, as per the PMI Code of Ethics and Professional Conduct.
32. The Control Procurements process ensures that the seller's performance meets contractual requirements and that the buyer performs according to the terms of the contract. This process is part of which process group?
A. Executing
B. Closure
C. Planning
D. Monitoring & Controlling
Answer: D, Control Procurements is part of the Monitoring and Controlling Process Group and is necessary for managing the contract and relationship between the buyer and seller.
33. One of the configuration management activities in the project involved capturing, storing and reporting configuration information needed to manage products and product information. This is known as:
A. Configuration status accounting
B. Configuration auditing
C. Configuration verification
D. Configuration identification
Answer: A, Configuration Status Accounting
34. The paint on the exotic cars that are manufactured in your plant is bubbling after about a year of application. What would be the BEST tool for your team to use to find potential causes of the peeling paint?
A. Defect Repair Review
B. Ishikawa Diagram
C. Control Chart
D. Inspection
Answer: B, All the choices are tools/techniques in quality control, however, the BEST choice would be the Ishikawa or Cause and Effect diagram.
35. You are assigned to prepare the Procurement management Plan for a project that involves setting up an org-wide supply chain management system. You are looking for a guideline on what type of contracts you can use and what type of contract forms are to be used for this project. Which source will help you obtain this?
A. Each project is unique so you will need to prepare the necessary documentation for this.
B. Department process repository
C. Organizational Process Assets
D. Integrated project plan
Answer: C, Organizational process assets provide existing formal and informal procurement-related policies, procedures, guidelines, and management systems that are considered in developing the procurement management plan and selecting the contract type to be used.
36. You are in charge of constructing the Ferris wheel in each town a carnival visits. However, this is something you have never done before and you are getting different opinions from others on how long it takes. Joe is new and has given you what you believe to be an optimistic estimate of 3 hours, Bill says it will take 10 hours, which seems too long to you and quite pessimistic. Lastly, Margie, who is the most experienced at this task is telling you it will take 8 hours. You are not sure who to believe, so you decide to do a PERT estimation, based on this you have determined it will take how many hours to assemble the Ferris wheel.
A. 7.5 hours
B. 8 hours
C. 21 hours
D. 7 hours
Answer: A, The PERT formula is Estimate = (Optimistic +(Most Likely*4)+Pessimistic)/6
37. You just found out that a major subcontractor for your project consistently provides deliverables late. The subcontractor approaches you and asks you to continue accepting late deliverables in exchange for a decrease in project costs. This offer is an example of:
A. Forcing
B. Smoothing
C. Confronting
D. Compromise
Answer: D, Both parties are giving up something, this is an example of Compromise.
38. You have your project team members record the time they spend on different activities during the day such as programming, electrical, HVAC, etc. This is an example of a tool and technique in what process?
A. Manage Communications
B. Direct and Manage Project Work
C. Monitor and Control Project Work
D. Manage Project Team
Answer: C, The Monitor and Control Project Work process tracks and reviews the project's progress.
39. A tool that provides a visual representation of human resource allocation to a project, number of working hours and availability on the project is a:
A. Resource Histogram
B. Staff release plan
C. Resource Breakdown Structure(RBS)
D. Organization Breakdown Structure(OBS)
Answer: A, Resource Histogram, this bar chart illustrates the number of hours that a project, department or entire project team will be needed each week or month over the course of the project. The chart can include a horizontal line that represents the maximum number of hours available for a particular resource. Bars that extend beyond the maximum available hours indicate the need for a resource leveling strategy.
40. Three strategies that typically deal with negative risks or threats are:
A. Enhance, Share and Accept
B. Transfer, Exploit and Accept
C. Avoid, Transfer and Exploit
D. Avoid, Transfer and Mitigate
Answer: D, Four negative risk management strategies are: Avoid, Transfer, Mitigate and Accept.
A. Double check your own resource estimates.
B. File a complaint with PMI.
C. Do nothing
D. Report this to the appropriate management
Answer: D, You must report this to the appropriate management. The other project manager has failed to follow proper project processes in failing to report this estimation error. Project managers are required to report errors and omission made by themselves or others, as per the PMI Code of Ethics and Professional Conduct.
32. The Control Procurements process ensures that the seller's performance meets contractual requirements and that the buyer performs according to the terms of the contract. This process is part of which process group?
A. Executing
B. Closure
C. Planning
D. Monitoring & Controlling
Answer: D, Control Procurements is part of the Monitoring and Controlling Process Group and is necessary for managing the contract and relationship between the buyer and seller.
33. One of the configuration management activities in the project involved capturing, storing and reporting configuration information needed to manage products and product information. This is known as:
A. Configuration status accounting
B. Configuration auditing
C. Configuration verification
D. Configuration identification
Answer: A, Configuration Status Accounting
34. The paint on the exotic cars that are manufactured in your plant is bubbling after about a year of application. What would be the BEST tool for your team to use to find potential causes of the peeling paint?
A. Defect Repair Review
B. Ishikawa Diagram
C. Control Chart
D. Inspection
Answer: B, All the choices are tools/techniques in quality control, however, the BEST choice would be the Ishikawa or Cause and Effect diagram.
35. You are assigned to prepare the Procurement management Plan for a project that involves setting up an org-wide supply chain management system. You are looking for a guideline on what type of contracts you can use and what type of contract forms are to be used for this project. Which source will help you obtain this?
A. Each project is unique so you will need to prepare the necessary documentation for this.
B. Department process repository
C. Organizational Process Assets
D. Integrated project plan
Answer: C, Organizational process assets provide existing formal and informal procurement-related policies, procedures, guidelines, and management systems that are considered in developing the procurement management plan and selecting the contract type to be used.
36. You are in charge of constructing the Ferris wheel in each town a carnival visits. However, this is something you have never done before and you are getting different opinions from others on how long it takes. Joe is new and has given you what you believe to be an optimistic estimate of 3 hours, Bill says it will take 10 hours, which seems too long to you and quite pessimistic. Lastly, Margie, who is the most experienced at this task is telling you it will take 8 hours. You are not sure who to believe, so you decide to do a PERT estimation, based on this you have determined it will take how many hours to assemble the Ferris wheel.
A. 7.5 hours
B. 8 hours
C. 21 hours
D. 7 hours
Answer: A, The PERT formula is Estimate = (Optimistic +(Most Likely*4)+Pessimistic)/6
37. You just found out that a major subcontractor for your project consistently provides deliverables late. The subcontractor approaches you and asks you to continue accepting late deliverables in exchange for a decrease in project costs. This offer is an example of:
A. Forcing
B. Smoothing
C. Confronting
D. Compromise
Answer: D, Both parties are giving up something, this is an example of Compromise.
38. You have your project team members record the time they spend on different activities during the day such as programming, electrical, HVAC, etc. This is an example of a tool and technique in what process?
A. Manage Communications
B. Direct and Manage Project Work
C. Monitor and Control Project Work
D. Manage Project Team
Answer: C, The Monitor and Control Project Work process tracks and reviews the project's progress.
39. A tool that provides a visual representation of human resource allocation to a project, number of working hours and availability on the project is a:
A. Resource Histogram
B. Staff release plan
C. Resource Breakdown Structure(RBS)
D. Organization Breakdown Structure(OBS)
Answer: A, Resource Histogram, this bar chart illustrates the number of hours that a project, department or entire project team will be needed each week or month over the course of the project. The chart can include a horizontal line that represents the maximum number of hours available for a particular resource. Bars that extend beyond the maximum available hours indicate the need for a resource leveling strategy.
40. Three strategies that typically deal with negative risks or threats are:
A. Enhance, Share and Accept
B. Transfer, Exploit and Accept
C. Avoid, Transfer and Exploit
D. Avoid, Transfer and Mitigate
Answer: D, Four negative risk management strategies are: Avoid, Transfer, Mitigate and Accept.
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