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While working on a project, the project manager has been inspiring the team members to do the best they can. Also, the project manager has been regularly communicating the project’s vision to the team. What skill does this best describe?
The project team has completed the scope baseline and has started to break down each of the work packages in into individual activities. What process should the team do next?
The project manager and team have decided to hire a contractor to complete building out the remaining section of the datacenter. They have the requirements listed in detail and would like to use a contract that would present the smallest amount of risk to the project. The project team members would like to purchase the materials themselves since there are very familiar with the work. What contract is best for this project?
Project manager Mark is currently working on a new office automation project and is consistently being asked for updates and meetings with the project sponsor. Mark informs the sponsor that the constant meetings disrupt his work, and his project is starting to fall behind schedule. The sponsor responds by saying that that is his management style. What best describes the sponsor’s management style?
While working on a project schedule, the project manager notices that activities A, B, and C all have a duration of 4 days. The project manager also notices that activities F and G have a duration of 7 days. Activities A, C, F, and G have a slack of 1 day. Activity B is the only one on the critical path. What is the slack on activity B?
You are having an issue with the software crashing consistently on the project. What should you use to identify the cause of this issue and the effect it may have on your project?
Project manager Mark is working to create the project scope statement for a sales management software. Many stakeholders have requested that a feature be added to enable automated call -backs to leads that come through the website. Mark realizes this feature would not be possible due to the fact that the company’s current network lacks the required hardware. What is the best approach for Mark to take?
The project planning has been completed for the office renovation project. The project management plan has been approved by the sponsor and senior management. What would the project manager do next?
The project team has been working very hard over the last 4 months to program the financial application and has completed it. The project manager has informed the team that the quality control team will be inspecting it next. What process group best describes what the team has done so far?
A company has completed building a new datacenter. The project has many changes that were submitted to the change control board. Most changes were approved, and some were not. Which of the following is not a purpose of the change control board?
As an agile project manager, you have encountered many issues with the product owner. The product owner has refused to prioritize the product backlog stating that all items are equally important. After educating the product owner about the value of prioritization he still refuses. What should the agile project manager do?
The project team and the project manager held a meeting to discuss a few issues related to the project. The meeting was very productive and led to most of the issues being resolved. A few weeks later, one team member brought up one of the issues that was resolved in the previous meeting as being unresolved. The project manager reviewed the meeting documentation and determined that the issue was resolved, but the team member may not have known about the resolution. What could the project manager have done differently to prevent this miscommunication?
While working on a project with a budget of $5,000, the project manager determines that the earned value on the project so far is $1,750. So far, the project team has spent $2,900. What should the project manager report as the status of the budget?
Which of the following would be considered a waste on a project?
While working on the network upgrade project, the project manager receives many ideas about what to include in the project. The ideas seem to be very scattered and not logically grouped. What tool can best help the project manager group these ideas?
While working on a project, the project manager notices that most of the time is spent resolving conflicts between members of the project team. What is the best tool the project manager can use to resolve the problems amongst the team members?
While monitoring a large construction project, the project manager has calculated the SPI of the project to be 1.2. A contractor has informed the project manager that a delivery will be 1 week late. The 1-week delay is 10% of the project schedule. What would mostly likely happen to this project?
You are currently working on a large building demolition project. There are many requirements for the potential vendors on the project, and you would like to ensure that they all receive the same information. What is the best tool or technique to ensure all vendors receive the same information about the project?
The product owner has informed the project manager that all items in the product backlog are valuable and they should all get done. How should the agile project manager respond?
While working on an agile project, the project manager has met with the project team members to discuss what they had done the day before and what they plan to do today. What is the name of this meeting?
The project manager is having a very difficult time collecting the requirements from the customers. The customers are having a difficult time putting the requirements into logical groupings. What tool can best help them group the requirements?
While working on a complex web design project, the manager has received a change request from a senior stakeholder to fix a problem with the current intranet server. The project manager has determined that this change is outside the scope of the project and is not covered by the work listed in the project charter. What should the project manager do next?
The project has managed to build about half of the deliverables needed to complete the project. The project has spent $50,000 on materials and labor. This money that has already been spent is generally referred to as what?
The sponsor would like a report about the resources that are being used on the project. He would like to see them broken down by different categories to make them easier to understand. What process will the project manager use to create this?
The project manager has calculated the SPI of the project to be .7 and the CPI is .9. When reporting the progress of the project to the company stakeholders, what should the project manager say about the project to the stakeholders?
The project team is currently having disagreements about the program and methods they would use to implement a few of the features in the product backlog. What role should the agile project manager be doing during this scenario?
When selecting a project, the company looks at different factors that could impact their selection. What document best identifies the need for a project?
A project manager decided to ensure that all team members on the project do not work on more than one activity at a time. This way, the team doesn’t get burned out and can work at a steady pace. The schedule may increase due to this policy, which is okay with the sponsor. What technique best describes this action?
Team members Mark and Bill are currently experiencing conflict in the office move project. Mark believes that it would be best if they moved the furniture first and then the computers, whereas Bill believes it’s best to move the computers and then the furniture. This conflict is causing a serious delay to the project, and both Mark and Bill have decided they will make a decision on what to move first at a later date. What conflict resolution technique best describes this scenario?
The project manager and the project team were able to identify a number of risks that could affect the website upgrade project. They listed all of the risks on the risk register. They will now conduct a qualitative risk analysis to prioritize the risks. What will the team look at when prioritizing the risks?
A major portion of a large construction development project was completed by a contractor. The contractor has completed all the work listed in the agreement but also completed other work the contractor felt had to be done. The contractor is asking for more money that was not listed in the agreement, and the project manager feels that what they’re asking for is too much for the additional work that was completed. What should the project manager do next?
After a project manager is assigned to the project with the project charter, he continues to identify the stakeholders on the project. In this process, he creates the stakeholder register. Which of the following statement is false about the stakeholder register?
What is the difference between the product backlog and the iteration backlog?
Your company has decided to roll out a new Wi-Fi network for the staff. The sponsor has informed you that encryption on the network is mandatory. Where will the project manager document that the encryption was mandated by the sponsor?
The agile project team has completed the Sprint planning meeting. What would be the output of this meeting?
The datacenter redesign project has been executed and is currently 50% complete. One of the project’s key stakeholders has submitted a change request to change the building’s wiring from copper cables to fiber cables. The project manager has contacted a wiring contractor, who said it will take about 2 months to install the fiber at a cost of $2 million. What should the project manager do next?
While working on an agile project, a customer has requested for the team to deploy the software as soon as the iteration is done. The customer has already checked the completed part of the software and has accepted it. The team has refused to deploy the software. What work best explains the team’s refusal?
The project manager and the project team are reviewing the completed deliverables to see if they meet the performance requirements outlined in the requirements documentation. This is done so that when the customers are invited to inspect the deliverable, there will be no issues. What is the best output of this process?
The project manager is conducting a presentation with a few of the senior stakeholders, and they are not happy with the progress of the project. The project manager has informed them that the delay is due to a contractor that was affected by a major flood a few weeks ago. What process does this best describe?
While working on a project, the sponsor makes it clear that he does not want any of the team members to be overworked. This means that no team member is allowed to work overtime. The sponsor is okay with the project being delayed due to this. What technique can the project manager best implement to ensure that no team member is overworked?
The project was executed about 3 weeks ago, and the project team seems to be having a lot of difficulties getting along with each other. They are always having conflicts about how to proceed on certain activities, and the project manager has to step in in order to solve these conflicts. What process is the project manager performing?
A project manager is currently working with the team to complete the office redesign project when a sponsor tells him to finish it 2 weeks sooner. The project manager will need 4 new people to join the team to complete the work sooner. What technique is best described in this scenario?
The project manager and the project team are currently assessing various ways of responding to a particular risk. The project involves reconstructing part of their current office building, and they’re worried about a hurricane hitting and damaging the materials or parts of the unfinished building. The best response they came up with was to purchase insurance in case a hurricane does hit. What kind of strategy is this?
The project team is currently working on a project to upgrade all the servers across the organization. Before they are able to get the financial server, the vendor calls and says the server delivery has been delayed 2 weeks. What documents should the project manager update immediately?
The project manager has to present the risk assessment to the senior management and has decided to take the most graphical representation of the probability and impact assessment. What tool should the project manager use?
The project team has completed the server deployment project. They have tested the server to ensure that it works according to the requirements given to them, and it seems to be functioning correctly. What process group has the team just completed?
While working on a project, the project manager asks to incorporate more of the user feedback into the deliverables. In an agile project, where do the customers give the team feedback on the product?
When using different prioritization technique what is the most important aspect that the agile project manager should communicate to the customers?
While constructing a new office space, the sponsor has requested the project manager complete the project sooner. While analyzing the work, the project manager has noticed that some of the work can start before the predecessor work is done. What can the project manager do in this scenario to complete the project sooner?
What activity can the agile team do to list the reasons for why a particular process was failing during iteration?
While working on a new server upgrade project, the project manager calculates the SPI of the project to be 1.3. The project sponsor would like an explanation for why the SPI is that high. What would be the project manager’s best response?
A change request has been requested by a senior stakeholder to add a new reporting function to the current financial software development project. The change was assessed by the project team and approved by the sponsor. What process should the project manager do next?
The project manager is currently estimating how much programmers will need to complete the financial software upgrade project. What document can the project manager use to determine who is available to work on the project?
While developing a new smartphone, the project team has identified a specific set of performance measurements that the phone should meet when it is complete. The measurement looks at how fast the phone can boot up and how fast it can shut down. Where should the project team document these measurements?
The project team is having a very difficult time deciding what method they should use when programming the new functions in the application. They can choose between four different methods, and the team is evenly split regarding which method to choose. The project manager has decided that he will choose the method for them and will take the responsibility in case it is not the best way to program functions. What best describes this technique?
The agile project team has determined that many of its processes has a lot of waiting and would like to remove all of the waste in the processes. What would be the best tool the agile team can use to improve their processes?
The project manager, Mark, overheard that the project team is not satisfied with the way the budget was created. They strongly believe the project will be over budget at the end. What is the next best step for Mark?
A project manager working in a large multinational corporation has been assigned to upgrade the company’s website. This project will require inputs for many functional managers across the organization from different countries. Each functional manager would like one of their representatives to be present on the project team. What would be the best tool or technique for handling this scenario in a cost-effective way?
While monitoring and controlling a project, the project manager has been comparing the work performance data to the project management plan to see if there are any variance. What process did the project manager finish to get the work performance data?
In what process does a project manager determine the approach they will use to involve the stakeholders to meet their expectations?
While monitoring the status of an agile project what numerical analysis can the project team use to help determine if the project is on schedule?
The project team has identified a number of risks that could affect the project. One risk in particular is that the permit to build the foundation has shown up late. They have ranked this risk as the most important in the project since it will cause the largest delay. What process best describes this ranking?
A project has completed 60% of all the work. The team has spent 55% of the project budget. The budget is currently set at $180,000. The sponsor has requested to know the project’s CPI. The project manager should inform the sponsor that the CPI is the following:
The datacenter redesign project is currently 30% complete. The project manager is not happy with the way processes are being followed by the team in ensuring that the network wiring will meet its quality requirements. What process should the project manager do to improve the processes so as to meet the quality requirements with the network wiring?
While analyzing the budget of a project, the project manager notices that the current CPI of the project is .93 and the SPI is 1.1. What best describes what is taking place on this project?
The project team has just assigned costs to each of the activities on the project. They will now use these costs to find the overall budget of the project. What tool can the project team use to complete this task?
While discussing the benefits of agile with three of the organization’s key stakeholders what would be seeing as the main benefit for conducting the project using agile methodology versus traditional methodology?
While working on the web design project, the change control board approved a change to the layout of the menu. What process should the project manager conduct next to ensure the change is implemented?
While monitoring and controlling the project, the project manager and the team have consistently received broken equipment from a particular vendor. They have spoken with the vendor and implemented a new process that will ensure the equipment does not show up broken. This seems to have solved the problem. What is the next step the project manager should take?
While working with the project team and conducting a brainstorming session, the project manager noticed that a lot of the ideas the team was coming up with were not organized. What tool can best be used by the team to visually organize their ideas?
The project manager is currently analyzing the requirements for the project. He has noticed that the stakeholders will be very disappointed if there are defects in the deliverables. He decides to ensure that the project team receives the right training and the best equipment available to build the deliverables correctly. This will in turn increase the overall cost of the project, but stakeholders do not mind the increase in cost. What best describes this increase in cost?
A large development company has just initiated a project to build a 60-story building. The project will take approximately 3 years to complete with a cost of $550 million. The development company has started to facilitate funding for the project by asking private equity firms and banks. What tools does this best represent?
A project manager has just taken over an agile project that is about 50% complete. The project manager is currently reviewing the product backlog and notices the requirements are not in an order he understands. How is the product backlog prioritized?
Two team members were having a conflict over what programming method should be used on the new application. They have resolved the conflict. What would be their next step?
Which of the following is a method that will be used to conduct frequent verification and validation that can be done every second on the project?
The project manager, Peter, has been informed by the sponsor that the project needs to be completed 2 weeks earlier than the scheduled time. Peter goes to the team and informs them that they will need to work overtime to complete the project sooner. What is Peter doing to shorten the schedule?
While working on a tablet redesign project for large technology company, the project manager received a change request from a key stakeholder. The change request would change the position of the power button from the top to the side of the tablet. After an assessment of the change, the change control board declined the change due to concerns about redesigning the motherboard. What should the project manager do next?
What is considered the single most important skill a project manager should have?
During a new workstation rollout project, a stakeholder asked for a change to some of the software being installed. The change was submitted to the Change Control Board but was rejected due to the high increase in cost of the software being requested. What should the project manager do next?
While managing a datacenter project, a few customers requested a feature be added to the project that will enhance the security system in the datacenter. The change was submitted to the change control board and was denied due to the high cost of the security system. A few months later another customer submitted the same change back to the project manager. What is the best step the project manager can take in this scenario?
The project manager is currently assigning costs to each individual activity on the project. A team member has informed the project manager that he should include additional cost just in case the software will need more testing. What best describes this additional cost?
The project manager has released the project team, completed the final lesson learned, and then completed the final report. The PMO has informed the project manager that it is not happy with this approach. What has the project manager done wrong?
Project manager Mary was informed by the team that the constant conflicts in the project have slowed down the team so that they are now behind in the work. Mary is not sure what she did wrong while planning the project. She used a RACI chart to assign roles to each team member. She has assigned each activity to at least two people who will be held accountable for the work. What best explains the conflicts in the project?
The product owner has added three new changes to the product backlog. The agile project manager has met with the team and they have decided immediately how to implement these new changes, although these changes will be implemented in three iterations from now. The product owner informs the agile project manager that he is not happy about this. What should the agile project manager do?
While installing the new virtual server, the team discovers a new method that they can use on this project and future projects that can get the installation done in about half the time. This new method involves prepping the server image and cloning the machines. What is the best project document for the team to update?
The project manager has decided that most of the stakeholders on the project would like to reference the status reports for the project on the company’s internal website on their own time. This would make it easier for them, as it is very difficult to schedule a meeting with all of them at once. What type of communication best describes this?
The project manager is working on a project for which the scope, time, and cost are known during the early parts of the project planning. What life cycle will the project manager consider on this project?
A project manager is having a very difficult time negotiating with a functional manager. The project manager would like to have Peter, the system administrator, work on the project full time, but the functional manager needs Peter full time to work on the servers throughout the day in case one goes down. After a few days of negotiating, the project manager has determined that he will have Peter from Monday to Wednesday, and the functional manager can have Peter on Thursday and Friday. Although this solution is not the most ideal scenario for the project manager and functional manager, it will have to work for now. What conflict resolution technique was used?
While building an agile space the project manager would like to implement a tool that will allow the team to keep track of the flow of work while limiting the work in progress. What tool best meets these requirements?
If the work of the project will contain and the velocity of the team is currently at 14 points. What is the total size of the project in terms of story points?
The deliverables for the office relocation project were accepted by the company stakeholders, and all office staff were very happy with the work of the movers. The office manager requested to close the project immediately due to year-end budgetary closeouts. The movers filed a claim for an additional $300 for moving a copier that was not part of the plan. What should the project manager do next?
One of the customers would like to add a new component to the project that would likely increase the functionality of the software. What steps should the customer take when adding this new component on an Agile project?
While working on a project, the project team has encountered a problem that has halted the project work. The team is unable to come up with a solution and would like to have an outside company come in and finish the rest of the project. What should the project team do next?
After the iteration has completed where will the team inspect the methods, they used to build that increments?
The risk management plan generally outlines the steps the project will take to conduct risk management processes on the project. Which of the following will the risk management plan not include?
The project team has just started to code the redesigned accounting application when a key stakeholder asks for the application in order to include a very specific report to the company’s expenses. The stakeholder has submitted a change request to the project manager. What would be the most important input to consider for this change request?
The project manager has been informed that the cost of building a new room in the office will be $15,000, +/- 65%. The project manager wants to know why there is such a large variance in the estimate. The builder said they have not seen the space and it’s just a high-level estimate. What kind of estimate does this best represent?
While working on a network upgrade project, a team member installed the network connection and is now configuring the router in order to work with the network connection. The network connection must be done before the router can be configured. This is an example of what kind of dependency?
The project manager is working on a top-secret company project and would like to ensure all the correct security measures are in place for communications regarding the project. What tool would the project manager use?
The project manager is currently working on a large building renovation project. The project team is almost done with planning when the project sponsor informs the project manager that due to new regulations, the project will need to be completed within 6 months; if not, they will not be able to open the building to the public. What best represents this?
A project manager is having difficulties communicating with the project team; there always seem to be misunderstandings and conflicts. What interpersonal and team skills should the project manager improve on?
The project manager has been informed that the company’s senior management would like a meeting about the status of the project. What should the project manager take to display the current schedule of the project?
In a weekly meeting with your project’s sponsor, you are informed that a large portion of the scope will be cut from the project. The work that was to be done was originally going to be provided with a contractor. The contract has already been signed by your organization and the contractor. What should you do first?
Jack is training a new project manager, Charles, on the procurement processes at their firm. Jack informs Charles that as the project manager, he is expected to participate in the negotiations of a contract. Charles asks why this is the case when the firm has a centralized procurement office. What should Jack’s response be?
Midway through the negotiation of a contract, your project sponsor asks that a relatively small feature be added to the scope. How should you proceed?
Which of the following is not a reason to include the project manager in a contract’s negotiation?
Janet is responsible for negotiating a high-profile, $20,000,000 project for her agency. She has identified a contractor and must negotiate the terms. Which of the following is she likely to negotiate first?
Craig is a junior software developer with relatively low influence at your organization. However, Craig is extraordinarily interested in a web design project that you are managing. In fact, Craig worked on a very similar project at his previous organization. Craig’s project was fraught with risk, but his team was able to deliver the project’s deliverables successfully. How would you best manage Craig’s engagement as a stakeholder?
Your PMO has asked you to provide a stakeholder engagement plan by the end of the week. What should you be sure to include in your stakeholder engagement plan?
Your software project is getting a record number of change requests. The development team is beginning to feel fatigued by constantly changing course. What likely went wrong?
Jesse’s project is a multi-national project with hundreds of stakeholders. Of course, there is not enough time for Jesse to meet with every stakeholder individually. Which stakeholder should Jesse prioritize meeting with?
Theresa is facilitating a meeting with four developers. The goal of the meeting is to reach a consensus regarding a technical path for delivering a new software feature. Which of the following not a result of consensus?
What is the primary goal of facilitation?
Nathan, an experienced software developer, has been asked to step in and facilitate a meeting for the project manager who is out sick. Which of the following is not expected of Nathan as the facilitator?
Larissa is managing a project that is over budget and has exceeded the schedule. Stakeholders are very unhappy and team morale is low. Which of the following options is the least likely to have contributed to this?
Liza is the project manager responsible for the success of a five-phased project. The project is mid-way through the third phase when she realizes that two major requirements compete with one another. What is should Liza use to help evaluate what requirement is best for her project?
Mikayla is a project manager with many years of experience in the construction industry. After moving into the software development industry, she is responsible for managing her first lean, agile project. What might she want to ensure her project team understands in a lean, agile project more so than in a traditional, waterfall project when planning for potential problems?
You’re responsible for training a new junior project manager at your firm. They ask you what to expect when managing a virtual team rather than a collocated team. Which of the following would you not mention to the junior project manager?
Which of the following is not an example of a virtual team?
What is the best communication tool to engage a virtual team?
In which situation is a virtual team necessary for a project?
What is a potential benefit of a virtual team?
You are having lunch with Martha, another project manager at your firm, when she mentions her team’s charter. She asks what the process is for altering a team charter. What will you tell her?
What is the main purpose of team ground rules?
You are a Project Manager responsible for the success of a $6,000,000 project. Your team’s technical lead identifies a potential risk in one step of the production workflow that has a low probability but high impact. What would be an example of risk mitigation?
You are responsible for prioritizing project risks. The risks should be prioritized so that they correspond to their expected monetary value where the risk with the highest expected monetary value is the highest priority. Which risk is the lowest priority?
In a team meeting, an engineer points out that the price of leasing a required server is on sale if an agreement is signed within the month. If the team decides to go ahead and sign an agreement to lease the server within the month, what kind of risk response strategy is this?
Sharon is planning her resource distribution for a medical software development project. She considers putting Robert on the project but has recently heard that Robert is incredibly disruptive and bad for team morale. Sharon decides to proceed with the project plans without Robert as a team member as she wants to ensure that her project is successful. What kind of risk response strategy is this?
Your project sponsor has asked that you send him a list of secondary risks for your project. What will you send him?
Elsie is a junior Project Manager at your firm and you are responsible for training her on risk management and monitoring policies. She asks what should result from risk monitoring. What will you not tell her to expect as a result of risk monitoring?
Rocky is a senior architect at your firm. You’re consulting with Rocky because he was the original architect for a building that your project will renovate. Your project team is made up of designers and building construction workers. What kind of stakes does Rocky have in this project?
What is the purpose of managing stakeholders’ activity?
Lucia needs to look up how Joe, a key stakeholder, prefers to be communicated with. Where would Lucia find this information?
Your project’s sponsor has asked that you report any indirect costs to the PMO. Which of the following is an example of an indirect cost?
David’s project team has been planning a project for about 2 weeks. They have a thorough understanding of the scope and expectations. David asks the team to provide a cost estimate range that is very refined after several rounds of discussion. What should the team provide to David?
A developer on your team has pointed out a problem with the server that your project relies on to deliver code. The server will have to be replaced. This was not foreseen in the planning stages. What should be done about the cost of the new server?
In monitoring your project, you’re reviewing your project’s budget report. The report informs you that your project has a CPI of 1.2. What does this mean?
Your project has a CPI of 1.3 and the SPI is 0.5. How should you proceed?
In estimating durations with your project team, you must calculate the expected duration with a beta distribution. Your senior technical architect tells you that more than likely, the activity will take 8 days. He is hopeful that he can get it done in 6, however worst-case scenario, it is done in 14 days. What is the beta distribution estimate for this work?
Carrie is reviewing her project’s network diagram and she comes across a task that can be delayed 3 days without impacting the delivery milestone date. This task is said to have:
Nikki is evaluating the network diagram and comparing this to the project schedule and milestone plans. She is worried about falling behind schedule, so she decides to bring on some extra staff to ensure that the project is not late. This is an example of:
In managing a software development project, you realize that your project is slipping behind schedule. You do not have many funds left in the budget, but some of the activities in the schedule can be done in differing orders. What is the best option for getting this project back on schedule?
Natasha is reviewing quality reports for her manufacturing project. Upon studying the reports, she begins to question the validity and accuracy of these reports. What should Natasha do next?
The head of your PMO has asked you to alert them to any cost of nonconformance. Which of the following would you need to report?
Phoebe, your project sponsor, has asked you to relate the project requirements and activities to the project’s strategic objectives. What could you send Phoebe that contains this information?
Curtis is an intern shadowing you at your consulting firm. You are reviewing project management processes and practices with him when he asks you who should validate the scope of a project. What will you tell Curtis?
The head of your quality assurance department, Stephanie, has just inspected a prototype of a work package ahead of meeting with the customer. Stephanie has informed you that the prototype looks good, and she expects the customer to be pleased. At this point:
You are onboarding a new project manager to your software development firm. You are explaining how the teams decompose their work into user stories. Which of the following is an example of a user story?
In the middle of planning, Evan, a software engineer asks what the purpose of a WBS is after planning is over. All of the following statements about a WBS are true except:
Kendra is starting to begin her project planning. She has determined that her project will have a traditional, predictive life cycle. Additionally, her sponsor and several key stakeholders have provided her with clear, prioritized requirements. What should Kendra do next?
In a seminar at your local PMI chapter’s meeting, the topic of integration comes up. Which of the following statements about project integration is true?
Your PMO has presented you with a project, Project A, that has a present value of $1.2M. You must decide if this project will be more valuable than an existing project, Project Z, with a future value of $1.4M and an interest rate of 10% over 2 years. Which project is more valuable?
At the start of your project’s execution, you identify an opportunity to lower the interest rate for your project. Initially, the project had a future value of $4M with an interest rate of 8% over 2 years. You were able to negotiate the interest rate down to 5%. What is the effect on the present value of your project?
Mathew’s PMO is looking to be more granular in their project selection method and move to a more mathematical approach to evaluate projects. Which project management method will be most successful for Mathew’s PMO?
You are presenting drafted project management plans to your supervisor. Your supervisor tells you to “beware of the law of diminishing returns,”. What is your supervisor warning you about?
Midway through a software development project, a programmer approaches you and lets you know that she has found an alternate method of performing a task that will save the project and company a great deal of money. What should you, the project manager, do next?
Tracey’s project is underway and on track towards a successful completion after 6 months of progress. There is one critical project constraint that stipulates that Tracey must purchase resources from a preferred vendor, Diaz Lumber. Tracey is in the negotiation stage with Diaz Lumber when she is informed that there will be an unexpected 3-week delay in acquiring the necessary resources. This will impact Tracey’s planned schedule. What should Tracey do next?
Your PMO has asked you to send them a document that outlines how changes will be managed and controlled. What will you send them?
Which of the following represents a compliance risk?
Luke is 8 weeks into a 12-week project. The team is meeting all of its goals and morale is high. Luke’s firm is stressing the importance of compliance. What should Luke be focusing on for compliance in his project?
Rodrigo, a Senior Project Manager in your PMO, has asked you to send him a list of all regulations you must be in compliance with for your project. Which of the following would be included in this list?
Your project sponsor has asked you to deliver the benefits management plan. Which of the following will not be included in the benefits management plan?
Kate’s project sponsor has asked her to deliver project value as quickly as possible. She is to begin planning early next week. How should Kate deliver value, quickly?
John’s project has a schedule variance of $63,000. The planned value for his project at the 6-month milestone is $100,000. The project has a CPI of 0.7. What is the earned value of John’s project so far?
You have been instructed to deliver your project’s value as early as possible. Going over the allotted budget is acceptable, so long as the value is delivered as soon as possible. What metric will help you determine if you are on track to delivering value early?
Which one of the following is not a key component to you passing the PMP exam?
You are managing your first virtual team. What will be the most helpful towards managing a diverse, virtual team that works well together?
Ralph is reviewing suggestions for ground rules with his project team. What suggested rule is inappropriate as a team ground rule?
Which of the following statements about ground rules is false?
Which of the following is not a benefit of mentorship?
Katelyn wants to ensure that her team members receive appropriate mentorship. She approaches you because she does not know how to begin the mentorship process. What would you tell her?
Which of the following is an example of mentorship?
Your teammate, Dan, has expressed his interest in mentoring a junior developer. He asks you what the most important element of a successful mentorship is. What would you tell him?
Your PMO has tasked you with hiring a new project manager for the organization. They’ve asked that you specifically find someone with mentorship experience. What core competency deals most with mentorship?
Which of the following elements does not relate to emotional intelligence?
Jennifer is an emotionally-intelligent team leader. Which of the following conflict resolution techniques is she most likely to embody?
Which of the following is not a direct result of emotional intelligence?
Jason wants to improve his emotional intelligence while still reward the team for their hard work and keep them on track to deliver the project on time. What is the best way Jason can reward his team?
Your PMO would like to meet with you to discuss your project team. The PMO has noticed that your team has the lowest staff turnover in the entire organization. What is likely to be the cause of this?
Jan is a humble introvert and a key performer for your team. She has recently delivered a critical software bundle to a client on time and under budget. The client is extraordinarily impressed with her work. As Jan’s project manager, how should you praise her work in an emotionally intelligent way?