Project Management Series-7 Quiz

Quiz Project Management Series-7 quiz you are applying for a job / interview / Competitive Exams RBB, SSC, MBA, B.Com, BBA Enterence exams Solving quiz you will prepare yourself..

Created on November 29, 2020 By

wefru

Projects Series 7

TEST YOUR SKILLS BRODLY

1 / 10

Q61. The members of your project team have been assigned to your project with
general availability levels of 50%Yesterday, they reported to you that significant variances occurred during project
execution. You have noted that the team members have been spending less than
50% of their time working on your project. Your project schedule is about to
become heavily delayed, and deadlines are in jeopardy. What should you do?

Talk to your sponsor and try to get more resources assigned on similar conditions as the existing ones.

Talk with functional managers. Negotiate clear and written assignments with reliable scheduling priorities.

Ignore the difficulties, adjust your schedule and negotiate new deadlines according to the slower progress.

Focus on internal charges. Make sure that your project is not getting charged for more than the actual work.

2 / 10

Q62 Focus on internal charges. Make sure that your project is not getting charged
for more than the actual work.

A statement of work that is part of a contingency plan; it is commonly linked with Contingency reserves

A statement of work that has been formally agreed upon by both parties and is therefore part of a contract.

A statement of work that is currently valid; this contrasts with the scope baseline, a formerly valid SOW

o A statement of work on project level that cumulates statements of work on cost account leve

3 / 10

Q63 You monitored figures on cost and planned/earned value for each individual
project week until the data date at the end of the sixth week. What is the status
of this project at this date?
Project
week
Actual
costs
Earned
value
Planned
value
1 $65,000 $61,000 $67,000
2 $85,000 $79,000 $89,000
3 $100,000 $102,000 $110,000
4 $125,000 $124,000 $121,000
5 $135,000 $133,000 $139,000
6 $125,000 $120,000 $131,000

The project is ahead of schedule and over budget.

The project is ahead of schedule and under budget

The project is behind schedule and over budget.

The project is behind schedule and under budget

4 / 10

Q64 The project is behind schedule and under budget

…reallocating existing resources or assigning additional resources to the project

…overlapping activities which were originally planned to be done in sequence

…reducing the number of features of the product in order to reduce development work.

…reducing the duration estimates for activities to increase the pressure applied to the staff

5 / 10

Q65. During risk identification sessions, you and your team identified more than 150
risks for your project. You are afraid that evaluating each of these risks
quantitatively will cost you an enormous amount of time, while not all of them
are really relevant and important enough to justify such a measure. What should
you do next?

Identify risk triggers where possible. Analyze only those risks quantitatively for which no trigger could be found.

Use qualitative risk analysis in order to prioritize risks for further action, such as quantitative risk analysis

Assess the probability of each risk qualitatively and further analyze only those risks with high probability.

Assess the potential impact of each risk qualitatively and further analyze only those risks with high impact.

6 / 10

Q66. During execution of a project, you observe that the performance of some of your
team members is dropping, while others are doing a consistently good job. This
is endangering overall project progress. What should you try first to bring the
team as a whole back to performance?

Organize a team meeting and discuss openly the bad performance of the weak team members. Try to find a joint solution during the meeting

Introduce a competitive incentive system with a bonus for the 20% of your team which is performing better than the other 80%.

Do not interfere, but give the team some time to organize and to sort the problem out themselves

Research causes for bad performance, solicit systematic feedback and search for solutions based on that.

7 / 10

Q67. Your management announced that they want to put you on a stretch assignment.
In this situation, you should consider that…6

…a stretch assignment is going beyond your qualifications right from the start. Whatever your education, knowledge and skills are, you cannot fail personally. Congratulations.

…key stakeholders must have timely and complete information regarding your qualifications to make decisions regarding your suitability for the assignment.

…stretch assignments bear an increased risk of failure, and this is rarely outweighed by the learning and development experience expected to come with the assignment.

you should avoid the increased hassle coming with the assignment. It will not be enough for you to simply satisfy requirements and achieve objectives. You will have to learn a lot

8 / 10

Q68. Following the cultural approach of the corporation for which you are starting to
manage a project, you are guiding your project team through the first life-cycle
phase of conceptualization. Your next step is to call for a team meeting to let
ideas emerge in an unrestricted creative process. What exactly should that look
like?
6

You write down the ideas of team members and structure them into categories of strengths, weaknesses, opportunities and threats during the session.

You creatively gather thoughts and ideas without any discussion or frowning. These ideas are only filtered and structured after the end of the brainstorming session.

Your team members wear hats with different colors, each of which stands for a way of thinking. Each member discusses topics from the viewpoint of their thinking.

You try to eradicate deviating ideas and concepts of team members during the meeting, so that the entire project team follows your principles

9 / 10

Q69. In configuration management, which of the following is necessary to maintain the
integrity of baselines?

Analyzing variances by comparing baseline information with actual project data.

Releasing only approved changes for incorporation into products or services.

Ensuring that team members adhere to a code of ethical conduct and behavior.

Ensuring transparency across all project management processes and activities

10 / 10

Q70. Which statement describes best the purpose of the communications management
plan?

The project management plan is a subsidiary document of the overall communications management plan

The communications management plan describes rules of behavior and respect for communications in cross-cultural teams.

The communications management plan describes the information delivery needs including format and level of detail.

The communications management plan focuses on the use of communications technologies by the project management team

Your score is

The average score is 30%

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