UOP PM586 final exam 2015 100% score

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

If the schedule variance is positive and the cost variance is negative, the project’s status is:

Over budget and behind schedule

Under budget and ahead of schedule

Over budget and ahead of schedule

Under budget and behind schedule

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

Which type of chart provides the least “predictive” value?

PDM

ADM

PERT

Bar chart

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

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

The EVMS term that represents the value of work actually accomplished is:

BAC

AC

EV

PV

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

Quality is defined by the:

Project team

Customer

Project manager

Project sponsor

1

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 manager’s line manager

The project manager himself / herself

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

In which project life cycle phase does quality begin?

Initiation / planning

Monitoring & control

Closure

Implementation

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

Risk constitutes a lack of knowledge _____.

Of future events

About the estimates

About the customer’s requirements

About the environment

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

Which of the following standard project estimating techniques is usually accomplished in weeks?

Engineering

Parametric

Analogy

Grassroots

The hardest part in creating a best practices library is:

Storage

Classification

Evaluation

Knowledge transfer

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

Industries that have _____ tasks and operate in a _____ environment demonstrated the greatest need for project management.

Complex; Dynamic

Simple; Static

Complex; Static

Simple; Dynamic

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

3

The difference between the cost baseline and the contracted cost is the:

Profit

Management reserve

Cost of scope changes

Cost at completion

4

Plans such as the cost plan, schedule plan and quality plan are referred to as:

Subsidiary plans

Specialized plans

Integration plans

Functional plans

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

26

The best source of revenue for a customer-requested scope change is:

A customer-funded contract amendment

Profits

Management reserve

Undistributed budget

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

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

Which of the following is often overlooked when planning and budgeting a project?

Customer’s milestones

Timing of the deliverables

Number of meetings with the customer

Cost and size of contractual documentation

What is the project sponsor’s 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.