Pass This Test To ACE At Project Management!

23 Questions | By Hohms01 | Updated: Mar 21, 2022 | Attempts: 2499

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Project management is the process of leading the work of a team to achieve goals and meet success criteria at a specified time. The primary challenge of project management is to achieve all of the project goals within the given constraints. Pass this test to Ace at Project management!

Questions and Answers

1.

As a project manager, it is important to balance competing project constraints. Which of the following is NOT a constraint in managing a project?
- A.
  
  Scheduling, planning, executing, managing and closing.
- B.
  
  Planning, budgeting, executing, monitoring and controlling, and closing.
- C.
  
  Initiating, planning, executing, monitoring and controlling, and closing.
- D.
  
  Initiating, planning, budgeting, executing, and closing.
2.

. Select the BEST definition of progressive elaboration according to PMBOK:
- A.
  
  Time
- B.
  
  Scope
- C.
  
  Budget
- D.
  
  Risk
3.

. Select the BEST definition of progressive elaboration according to PMBOK:
- A.
  
  Keep creating, modifying, and building upon the raw ingredients of your project, in an organized way, in order to achieve the project's specific goal (also referred to as the product of the project).
- B.
  
  Continuously improving and detailing a plan as more-detailed and specific information an more accurate estimates become available.
- C.
  
  Process of planning for a project in waves as the project becomes clearer and unfolds.
- D.
  
  A single execution of a set of instructions that are to be repeated.
4.

Select the BEST definition of portfolio according to PMBOK:
- A.
  
  Collection of projects or programs and other work that are grouped together to facilitate effective management of that work to meet strategic business objectives.
- B.
  
  Sum of all projects in a company. Projects are managed and assessed in terms of operative benefits and corporate strategic alignment by means of project portfolio management.
- C.
  
  Designed to achieve a defined business objective or benefit.
- D.
  
  Groups projects so they can be managed as a portfolio.
5.

The following is TRUE regarding portfolios according to PMBOK:
- A.
  
  Group of related projects managed in a coordinated way to obtain benefits and control not available from managing them individually.
- B.
  
  Organizational body or entity assigned various responsibilities related to the centralized and coordinated management of those projects under its domain.
- C.
  
  Delegated the authority to act as an integral stakeholder and key decision maker during the beginning of each project.
- D.
  
  Projects or programs may not necessarily be interdependent or directly related.
6.

Select the BEST answer regarding programs according to PMBOK:
- A.
  
  Identifying and developing project management methodology, best practices, and standards.
- B.
  
  Manage program staff and satisfies needs of customer.
- C.
  
  Achieves organizational goals and objectives through change management and communication.
- D.
  
  Group of related projects managed in a coordinated way to obtain benefits and control not available from managing them individually.
7.

A PMO (Project Management Office) is an organizational body or entity assigned variously responsibilities related to the centralized and coordinated management of those projects under its domain. The responsibilities of a PMO include:
- A.
  
  Relating projects and portfolios.
- B.
  
  Keeping project objectives on track and consistent with the project scope.
- C.
  
  Providing project management support functions to actually being responsible for the direct management of the project.
- D.
  
  Making key decisions for each and every project under its domain.
8.

All of the following are ways the PMO supports project managers except:
- A.
  
  Coordinating communication across projects.
- B.
  
  Coaching, mentoring, training and oversight.
- C.
  
  Hires and negotiates all project managers for projects within portfolio or programs.
- D.
  
  Managing shared resources across all projects administered.
9.

The following are all considered projects by PMBOK with the exception of:
- A.
  
  Developing a new order system.
- B.
  
  Updating a staff management plan weekly.
- C.
  
  Creating a new database for customer analysis.
- D.
  
  Starting phase 2 of an Accounting software upgrade.
10.

All of the following are considered enterprise environmental factors by PMBOK except:
- A.
  
  Employee morals
- B.
  
  Marketplace conditions
- C.
  
  Political climate
- D.
  
  Organizational culture, structure, and processes
11.

Projects vary in size and complexity. No matter how large or small, simple or complex, all projects can be mapped to the following life cycle structure:
- A.
  
  Starting the project, organizing and preparing, carrying out the project work, and closing the project.
- B.
  
  Initiating the project, planning the project, carrying out the project work, and closing the project.
- C.
  
  Starting the project, planning the project, carrying out the project work, and closing the phase.
- D.
  
  Starting the project, carrying out the project work, organizing, and closing the project.
12.

Cost and staffing levels are the lowest during which phase of the project life cycle:
- A.
  
  Organizing and preparing.
- B.
  
  Closing the project.
- C.
  
  Starting the project.
- D.
  
  Carrying out the work.
13.

Cost and staffing levels are the highest during which phase of the project life cycle:
- A.
  
  Organizing and preparing.
- B.
  
  Closing the project.
- C.
  
  Starting the project.
- D.
  
  Carrying out the work.
14.

The ability to influence the final characteristics of the project’s product, without significantly impacting cost, is:
- A.
  
  Held constant from the beginning of the project to the end of the project.
- B.
  
  Highest at the start of the project and decreases as the project progresses towards completion.
- C.
  
  Lowest at the start of the project and decreases as the project progresses towards completion.
- D.
  
  Highest at the start of the project and continues to increase as the project progresses towards completion.
15.

The cost of changes and correcting errors typically:
- A.
  
  Increases substantially as the project approaches completion.
- B.
  
  Decreases substantially as the project approaches completion.
- C.
  
  Remains constant as the project approaches completion.
- D.
  
  Increase and decrease as the project approaches completion.
16.

Project life cycle occurs in _____ or _____ phases of a product life cycle.
- A.
  
  Two or more.
- B.
  
  One or more.
- C.
  
  Zero or one.
- D.
  
  Five or more.
17.

When phases are sequential, the close of a phase ends with some form of transfer or handoff of the work product produced as the phase deliverable. This phase end represents a natural point to reassess the effort underway and to change or terminate the project if necessary. These points are referred to as:
- A.
  
  Phase Points
- B.
  
  Kill Gates
- C.
  
  Decision Points
- D.
  
  Milestones
18.

Project governance provides a comprehensive, consistent method of controlling the project and ensuring its success. The project governance approach should be described in the _________________________.
- A.
  
  Communications Plan.
- B.
  
  Project Management Plan.
- C.
  
  Quality Management Plan.
- D.
  
  Risk Management Plan.
19.

A project phase is generally concluded and formally closed with a ______________________________________.
- A.
  
  Review of the stakeholders list.
- B.
  
  Review of the deliverables to determine completeness and acceptance.
- C.
  
  Sign-off by the project sponsor.
- D.
  
  Approval to move onto the next phase.
20.

The following are all types of phase-to-phase relationships EXCEPT:
- A.
  
  An overlapping relationship.
- B.
  
  A sequential relationship.
- C.
  
  An iterative relationship.
- D.
  
  Multi-phase relationship.
21.

A phase can only start once the previous phase is complete occurs in the following relationship:
- A.
  
  An overlapping relationship.
- B.
  
  An iterative relationship.
- C.
  
  A sequential relationship.
- D.
  
  Multi-phase relationship.
22.

A relationship where only one phase is planned at any given time and the planning for the next is carried out as work progresses on the current phase and deliverables is the following:
- A.
  
  An iterative relationship.
- B.
  
  Multi-phase relationship.
- C.
  
  An overlapping relationship.
- D.
  
  A sequential relationship.
23.

Identifying stakeholders and understanding their relative degree of influence on a project is critical. Failure to do so can ___________________________________.
- A.
  
  Extend the timeline and raise costs substantially.
- B.
  
  Have both a positive and negative end result.
- C.
  
  Increase likelihood of failure of stakeholder relationships.
- D.
  
  Reduce cohesiveness amongst the project team members.