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Which of the following tools and techniques shows the impacts of one decision over another as well as the probability and cost of each risk along a logical path?
A. Simulation
B. Decision tree
C. Probability/impact risk matrix
D. Sensitivity analysis
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You are the project manager for Lucky Stars Candies. You've identified the deliverables and requirements and documented them where? A. In the scope statement, which will be used as in input to the Scope Definition process B. In the scope definition document, which is used as an input to the Scope Planning process C. In the WBS, which is an output of the Scope Planning process D. In the WBS, which is a tool and technique of the Scope Definition process
Explain on the project management life cycle process?
You are a project manager for Laredo Pioneer’s Traveling Rodeo Show. You’re heading up a project to promote a new line of souvenirs to be sold at the shows. You need to gather the inputs to write the scope statement. You gather which of the following? A. Project charter, product description, assumptions, and constraints B. Project charter, product analysis, and cost benefit analysis C. Product description, product analysis, and project charter D. Product description, assumptions, constraints, and product analysis
Which of the following is true regarding constraints and assumptions? A. Constraints restrict the actions of the project team, and assumptions are considered true for planning purposes. B. Constraints are considered true for planning purposes, and assumptions limit the options of the project team. C. Constraints consider vendor availability and resource availability to be true for planning purposes. Assumptions limit the project teamwork within predefined budgets or time lines. D. Constraints and assumptions are inputs to the Initiation process. They should be documented, as they will be used throughout the project Planning process.
Explain the difference between risk and issues?
During the opening rounds of contract negotiation, the other party uses a fait accompli lactic. Which of the following is true? A. One party agrees to accept the offer of the other party but secretly knows they will bring the issue hack up at a later time. B. One party claims the issue under discussion was documented and accepted as part of Scope Verification. C. One party claims the issue under discussion has already been decided and can't be changed. D. One party claims to accept the offer of the other party provided a contract change request is submitted describing the offer in detail.
Which of the following describes the cost of quality associated with scrapping, rework, and downtime? A. Internal failure costs B. External failure costs C. Prevention costs D. Appraisal costs
You are a project manager for Giraffe Enterprises. You've recently taken over for a project manager who lied about his PMI certification and was subsequently fired. Unfortunately, he did a poor job of Scope Definition. You know if you don't correct this, one of the following could happen: A. The stakeholders will require overtime from the project team to keep the project on schedule. B. The WBS will adversely affect the deliverable breakdowns, and costs will increase. C. The scope management plan will require changes. D. The project costs could increase, there might be rework, and schedule delays may result.
What is tracing process? How this can be enabled?
What are the tools and techniques used in the Initiation process? A. Project selection criteria, historical information, expert judgment B. Project selection methods, historical information, expert judgment C. Project selection criteria, expert judgment D. Project selection methods, expert judgment
You are a contract project manager for a wholesale flower distribution company. Your project is to develop a website for the company that allows retailers to place their flower orders online. You will also provide a separate link for individual purchases that are ordered, packaged, and mailed to the consumer directly from the grower's site. This project involves coordinating the parent company, growers, and distributors. You are preparing a performance review and have the following measurements at hand: PV = 300; AC = 200; and EV = 250. What do you know about this project? A. The EAC is a positive number, which means the project will finish under budget. B. You do not have enough information to calculate CPI. C. The CV is a negative number in this case, which means you've spent less than what you planned as of the measurement date. D. The CV is a positive number in this case, which means you're under budget as of the measurement date.
You are a project manager for Cinema Snicker Productions. Your company specializes in producing comedy films for the big screen. Your latest project has just been completed and accepted. You've been given your next project, which starts right away. Which of the following is true? A. This project ended due to extinction because it was completed and accepted. B. This project ended due to integration because it was completed and accepted and the project manager moved on to a new project. C. This project ended due to addition because it was completed and accepted and archived into the company's catalog of available films. D. This project ended due to integration because it was completed and accepted.
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