PM 586 Final Exam (Latest) - Assignment

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PM/586 Final Exam
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• 1. In a strong matrix structure, employees take
  daily direction from
• Project manager only
• Both, but the project manager has greater
  influence
• Both, but the functional manager has greater
  influence
• Functional manager only
• 2. If the schedule variance is positive and the
  cost variance is negative, the projects status
  is
• Over budget and behind schedule
• Under budget and ahead of schedule
• Over budget and ahead of schedule
• Under budget and behind schedule
• 3. Which category of projects would involve a
  large number of functional units where the
  workers may be assigned either part-time or
  full-time?
• Special
• Individual
• Staff
• Matrixed

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• 4. Which type of chart provides the least
  predictive value?
• PDM
• ADM
• PERT
• Bar chart
• 5. Scope creep is generally the result of
• Too much detail in the specifications
• Having too many levels in the WBS
• Poorly defined SOW
• Having the wrong people assigned to the project
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• 6. Which of the following is the role of the PM
  rather than the role of the functional manager?
• Where it will be done
• How the work will be done
• Who will do it
• What work will be done
• 7. The balance between quality and cost is
  called
• Produceability
• Salability
• Availability
• Operability
• 8. The EVMS term that represents the value of
  work actually accomplished is
• BAC
• AC
• EV
• PV

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• 9. Which of the following would be the first item
  to be discussed in the initial kickoff meeting
  for a project?
• Understanding of the budget
• Understanding of the schedule
• Understanding of the requirements
• Understanding of the plan
• 10. Quality is defined by the
• Project team
• customer
• Project manager
• Project sponsor
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• 11. Which of the following people has the
  greatest influence on how much authority a
  project manager will possess on a given project?
• The project sponsor
• The customer
• The project managers line manager
• The project manager himself / herself
• 12. A project manager desires a work breakdown
  structure that goes through 6 levels of detail.
  Level 3 through level 6 would most likely be
  prepared by
• Customer
• Subject matter experts
• Project manager
• Project sponsor
• 13. In which project life cycle phase does
  quality begin?
• Initiation / planning
• Monitoring control
• Closure
• Implementation

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• 14. Project management restructuring allowed
  companies to manage projects that _____.
• Had undefined objectives
• Could not be handled by the traditional
  organization
• Did not require effective cost control
• Require little functional integration
• 15. Risk constitutes a lack of knowledge _____.
• Of future events
• About the estimates
• About the customers requirements
• About the environment
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• 16. The two primary components of a risk are
• The probability and the impact
• The impact and the event
• The impact and the amount at stake
• The event and the probability
• 17. Which of the following standard project
  estimating techniques is usually accomplished in
  weeks?
• Engineering
• Parametric
• Analogy
• Grassroots
• 18. The hardest part in creating a best practices
  library is
• Storage
• Classification
• Evaluation
• Knowledge transfer

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• 19. A typical project office (not to be confused
  with a project management office) responsible for
  the management of a large project includes the
  project manager and the
• Project sponsor and assistant project managers
• Assistant project managers
• Assistant project managers and functional
  managers
• Project sponsor
• 20. Industries that have _____ tasks and operate
  in a _____ environment demonstrated the greatest
  need for project management.
• Complex Dynamic
• Simple Static
• Complex Static
• Simple Dynamic
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• 21. Pricing out the construction cost of a home
  by a cost per square foot would be representative
  of a(n) _____ estimate.
• Grassroots
• Parametric
• Engineering
• Analogy
• 22. The collective term for the formal quality
  activities and processes is called
• Quality control
• Quality visions
• Quality assurance
• Quality policies
• 23. The difference between the cost baseline and
  the contracted cost is the
• Profit
• Management reserve
• Cost of scope changes
• Cost at completion

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• 24. Plans such as the cost plan, schedule plan
  and quality plan are referred to as
• Subsidiary plans
• Specialized plans
• Integration plans
• Functional plans
• 25. Companies can become reasonably mature in
  project management by designing the right support
  systems. In general, how much time usually
  elapses after maturity before a company becomes
  excellent in project management execution?
• 2 years
• 1 year
• 5 years
• 10 years
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• 26. The best source of revenue for a
  customer-requested scope change is
• A customer-funded contract amendment
• Profits
• Management reserve
• Undistributed budget
• 27. During the 1970s and 1980s, formal project
  management practices were put in place because
  the constraints were _____ and _____ boundaries
  had to be crossed
• Tight few
• Tight several
• Loose few
• Loose several
• 28. A charting technique designed to illustrate
  the inductive and deductive reasoning necessary
  to achieve some objective is called a _____
  Diagram / network
• Descriptive
• Intuition
• Gantt
• Logic

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• 29. Which of the following is often overlooked
  when planning and budgeting a project?
• Customers milestones
• Timing of the deliverables
• Number of meetings with the customer
• Cost and size of contractual documentation
• 30. What is the project sponsors responsibility
  with regard to the WBS preparation?
• The sponsor should not be involved in WBS
  development.
• Make sure all work packages are well-defined.
• Make sure that the management levels of the WBS
  are correct.
• Make sure that the technical levels of the WBS
  are correct.

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