Project Management Series-9 Quiz

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Created on November 29, 2020 By

wefru

Projects Series 9

TEST YOUR SKILLS BRODLY

1 / 10

Q81. You are going to take over a new project as the project manager in an enterprise
unknown to you. What should you investigate during the chartering process? 8

Enterprise environmental factors

Project management plan

Project risk registe

Team performance reports

2 / 10

Q82. A project was budgeted at $1,000,000. Meanwhile, the project is executed, and
the following current figures have been assessed:
PV: $500,000
EV: $450,000
AC: $550,000
Assuming that the cost variance was caused by one-time cost drivers, which are
no more effective, what estimate at completion (EaC) can you derive from these
figures? 8

$900,000

$1,000,000

$1,100,000

$1,222,222

3 / 10

Q83. An organization is considering various contract types in order to motivate sellers
and to ensure preferential treatment. What should they consider before deciding
to use an award fee contract?

Payment of an award fee would be linked to the achievement of objective performance criteria

Any unresolved dispute over the payment of an award fee would be subject to remedy in court

Payment of an award fee would be agreed upon by both the customer and the contractor

Payment of an award fee is decided upon by the customer based on the degree of satisfaction.

4 / 10

Q84. What is least important when it comes to archiving project records? 8

A well-designed records management system

Integration of the archive with business software

Updated records reflecting final results

Easy availability of information for future use

5 / 10

Q85. _______ are not necessarily used to establish the cost baseline of a project.

Schedule activity or work package cost estimates

The work breakdown structure and the WBS dictionary

The project schedule and the resource management plan

The risk breakdown structure and the risk report

6 / 10

Q86. You took over a customer project for your company. From the inputs available,
including contract, statement of work and project charter, you have developed a
project management plan.
You already presented that plan in a meeting with key stakeholders including
your project sponsor and some representatives from the customer organization.
During the meeting you sensed a high level of dissatisfaction by the customer
executives, who signaled that the project might not produce the results that their
company had expected. In your understanding, all necessary actions have been
planned to meet the customer’s requirements.
What should you do next?8

Request a written statement from the customer detailing the requirements which they believe are not addressed by your plan. Use this statement to update the project planX

Request a written statement from the customer detailing the requirements which they believe are not addressed by your plan. Use this statement to update the project plan

Request a formal meeting on top executive level to get the misunderstandings sorted out, then arrange a change request, re-plan your project where necessary and go ahead with the project work.

Do not over-react. Performed according to your plan, the project will produce a convincing product for the customer. As soon as the executives will see it, they will probably change their opinion and accept it.

7 / 10

Q87. A project was assessed and the following earned value data have been found:
PV: $750,000
EV: $750,000
AC: $900,000
What is the burn rate of the project?

1.20

1.10

1.00

0.83

8 / 10

88. What is not true for project deliverables?

Project deliverables should be identified, described and agreed upon as early in the project as possible.

Project deliverables may be products, capabilities for services or other kinds of results

Once project deliverables have been identified, their description should not be changed any more.

The acceptance process for deliverables and how rejection will be addressed should be described in the contract.

9 / 10

89. Your project, performed for a customer, is coming to an end. The customer has
been contractually granted a three years warranty period for the product of the
project. What should you do first?

Hand all relevant documentation over to the organizational unit responsible for handling the warranty.

There is no additional work to be done. The contract should describe all processes in sufficient detail.

Changes on the product can affect warranty clauses. Ensure that these clauses are aligned with the final specifications.

According to many legislations, you cannot formally close a project before the end of the warranty period.

10 / 10

Q90. Being the project manager in a high-risk electronics project with a lot of new
technologies, you developed a risk management plan and identified risks which
you documented in a risk register. Then, the risks were analyzed and response
was planned.

You failed to use an RBS

You did the first processes alone.

You did not identify Triggers

You did not calculate EMVs.

Your score is

The average score is 30%

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