Which of the below represents the BEST definition for resource leveling ?

A resource optimization technique in which adjustments are made to the project schedule to optimize the allocation of resources and which may affect critical path.

The types and quantities of resources required lot each activity in a work package.

A bar chart showing the amount of time that a resource is scheduled to work over a series of time periods.

A hierarchical representation of resources by category' and type.

What is the BEST definition for residual risk?

The risk that remains after risk responses have been implemented.

A risk response strategy whereby the project team decides to acknowledge the risk and not take- any action unless the risk occurs.

The degree of uncertainty an organization or individual is willing to accept in anticipation of a reward.

A risk response strategy whereby the project team acts to eliminate the threat or protect the project from its impact.

Which of the below represents the BEST definition for quality audits ?

A quality audit is a structured, independent process to determine if project activities comply with organizational and project policies, processes, and procedures.

A project document that includes quality management issues, recommendations for corrective actions, and a summary of findings from quality control activities, and may include recommendations for process, project, and product improvements.

A policy specific to the Project Quality Management Knowledge Area, it establishes the basic principles that should govern the organization’s actions as n implements its system for quality management.

A description of a project or product attribute and how to measure it .

All of the following are inputs to the Plan Procurement Management process EXCEPT:

Enterprise environmental factors.

SWOT analysis has all of the following characteristics EXCEPT :

It identifies strengths and weaknesses of the organization, regardless of the specific project or the general business area.

It is a technique that examines the project from each of the strengths, weaknesses, opportunities and threats (SWOT) perspectives to increase the breadth of identified risks by including internally generated risks.

It identifies any opportunities for the project that arise from organizational strengths, and any threats arising from organizational weaknesses.

It examines the degree to which organizational strengths offset threats, as well as identifies opportunities that may serve to overcome weaknesses.

As an output of the Monitor Risks process, an updated risk register generally includes some or all of the following (3 answers are needed)

Outcomes of risk reassessments, risk audits, and periodic risk reviews.

Identification of new risks, updates to probability, impact, priority, response plans, ownership, and other elements of the risk register.

Actual outcomes of the project’s risks and of the risk responses.

The work breakdown structure (WBS).

All of the following are characteristics of a decision tree :

A decision tree is a diagramming and calculation technique for evaluating the implications of a chain of multiple options in the presence of uncertainty

Decision tree analysis is a risk analysis tool that can be used to choose the most appropriate responses.

Decision tree analysis uses the expected monetary value (EMV) analysis to calculate the average outcome when the future includes scenarios that may or may not happen.

A decision tree is primarily a graphical, qualitative risk analysis technique and is not generally used in quantitative risk analysis.

When tailoring processes for Project Stakeholder Management, you should consider all of these EXCEPT :

Complexity of stakeholder relationships.

To increase the chances of achieving project success, the project manager should do all of the following EXCEPT:

As much as possible, create conflicts among various stakeholders to allow the project team to get optimal work done.

Identify the stakeholders early in the project or phase.

Analyze the stakeholders' levels of interest and individual expectations as well as their importance and influence.

Communicate and work with stakeholders to meet their needs/expectations.

During a public hearing regarding your company's proposed state-of-the- art water of the tower, a highly interested resident of the area challenges you: "Would you have this thing built in your own backyard?" Your best answer can begin by saying :

Given that the experts provided ample information. That the proposed location is the most suitable. I would be pleased to have this state-of the art water tower as a neighbor.

Given that you are not listed in the stakeholder register, I cannot take your concerns seriously.

I am sorry that you appear to dislike having this water tower as your neighbor. We will look for another location for it.

If you want to have usable water pressure in your residence, you should not interfere with outwork.

PowerPoint Presentation All legal contractual relationships generally fall into one of the following broad categories EXCEPT

Time and material contracts (T&M).

When tailoring processes for Project Quality Management, you should consider all of these EXCEPT :

Project complexity, uncertainty, and product novelty.

Policy compliance and auditing.

Standards and regulatory compliance.

Project Integration Management includes all of the following EXCEPT :

Prevention is preferred over inspection. It is better to design quality into deliverables, rather than to find quality issues during inspection. The cost of preventing mistakes is generally much less than the cost of correcting mistakes when they are found by inspection or during usage.

Projects and project management are integrative by nature, with most tasks involving more than one Knowledge Area.

The relationships of processes within and between the Project Management Process Groups are iterative.

Managing project performance and changes to the project activities .

Project Scope Management includes all of the following EXCEPT:

Projects and project management are integrative nature, with most tasks involving more than one Knowledge Area.

Scope can refer to product scope (the features and functions that characterize a product, service, or result), or to project scope (the work performed to deliver a product, service, or result with the specified features and functions).

Project life cycles range along a continuum from predictive to adaptive or agile. In a life cycle that uses a predictive approach, the project deliverables are defined at the beginning of the project and any changes to the scope are progressively managed In an adaptive or agile approach, the deliverables are developed over multiple iterations where a detailed scope is defined and approved for each iteration when it begins.

Completion of the project scope is measured against the project management plan. Completion of the product scope is measured against the product requirements.

Project Schedule Management includes all of the following EXCEPT:

Project managers may need to be familiar with sampling, including attribute sampling (the result either conforms or does not conform) and variable sampling (the result is rated on a continuous scale that measures the degree of conformity).

Project scheduling provides a detailed plan that represents how and when the project will deliver the products, services, and results defined in the project scope.

The project schedule is used as a tool for communication, managing stakeholder expectations, and a basis for performance reporting.

When possible, the detailed project schedule should remain flexible throughout the project to adjust for knowledge gained, increased understanding of the risk, and value-added activities .

Project Cost Management includes all of the following EXCEPT:

Measuring and monitoring progress and taking appropriate action.

Project Cost Management is primarily concerned with the cost of the resources needed to complete project activities, but it should also consider the effect of project decisions on the subsequent recurring cost of using, maintaining, and supporting project deliverables.

Different stakeholders will measure project costs m different ways and at different times. Stakeholder requirements for managing costs should be considered explicitly.

Predicting and analyzing the prospective financial performance of the project’s product may be performed outside the project, or it may be part of Project Cost Management.

The project life cycle is best defined as :

The series of phases that a project passes through from its start to completion.

The continuum of a project life cycle.

The phases that a product or service passes through from its start to its completion.

The various ways requirements and plans are brought from a project charter to completion.

The people, groups, or organizations that could impact or be impacted by a decision, activity, or outcome of the project.

The project engineers who design and construct the project.

The organization’s corporate attorneys.

The individuals or agencies that control contingency funds and their disbursement through the project management office (PMO).

Is calculated by multiplying the probability of the occurrence of a risk times its impact (numerical scale) on an objective (e.g., cost, time, scope, or quality) if it were to occur.

Is the sum of squares of the scale values assigned to the estimates of probability and impact?

Cannot be used to determine whether a risk is considered low, moderate, or high.

Is a commonly used technique for risk avoidance?

The primary output of the Identify Risks process is the :

Expected monetary value of the risk events.

The key processes of Project Risk Management are:

Plan Risk Management, Identify Risks, Perform Qualitative Risk Analysis, Perform Quantitative Risk Analysis, Plan Risk Responses, Implement Risk Responses, and Monitor Risks.

Plan Risk Management, Identify Risks, Assess Risks, Mitigate Risks, Transfer Risks, and Document Outcomes.

Identify Risks, Plan Risk Management, Evaluate Risks, Develop Risk Responses, Mitigate Risks, and Document Results.

Identify Risks, Perform Qualitative Risk Validation, Perform Quantitative Impact Assessment, and Develop Risk Response Strategies, Document Response Strategies, and Monitor Risk Responses.

Monitor Communications is the process of :

Ensuring that the information needs of the project stakeholders are met throughout the entire project life cycle.

Ensuring that information is provided on a need-to-know basis only to avoid unnecessary confusion and possible conflicts. 1

Providing all project information to all project stakeholders to enhance full buy-in regarding project requirements.

Securing and guarding any negative information related to project performance throughout the entire project life cycle to ensure that the project team can continue working on the project with minimal disruption .

Select all that apply for the following: Techniques and considerations for effective communications management generally include:

Meeting management techniques, such as preparing an agenda and dealing with conflicts.

Conflict management for building consensus and overcoming obstacles.

Listening techniques, such as listening actively and removal of barriers that adversely affect comprehension.

Providing a more comfortable environment in project conference rooms to strengthen project team cohesion.

All of the following are information management and distribution tools

Electronic communications management.

Electronic project management tools

Inputting project performance data into a spreadsheet or database.

Sources of information typically used to identify and define project communication requirements include all of the following EXCEPT:

Availability of the project sponsor at the project location .

Project organization and stakeholder responsibility relationships.

Disciplines, departments, and specialties involved in the project.

Logistics of how many persons will be involved with the project and at which locations.

Factors that can affect the choice of communication technology generally include all of the following EXCEPT :

Urgency of the need for information.

Sensitivity and confidentiality of the information

Motivating involves creating an environment to meet project objectives while providing satisfaction related to what people value most. All of the following are reasons of motivation EXCEPT :

Providing accurate criticism in the annual performance review or after the project is completed.

Participating in decision making.

Encouraging people to work independently .

IWM507_2023_Test

Authored by Berverly Nyakutsikwa

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MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Which is the BEST definition to describe the work package?

The uncontrolled expansion to product or project scope without adjustments to time, cost, and resources.

The work defined at the lowest level of the work breakdown structure for which cost and duration are estimated and managed.

A component of the project or program management plan that describes how the scope will be defined, developed, monitored, controlled, and validated.

The approved version of a scope statement, work breakdown structure (WBS), and its associated WBS dictionary, that can be changed using formal change control procedures and is used as a basis for comparison to actual results .

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Generally, a bid differs from a proposal in that the term :

Bid is used when the seller selection decision will be based on price.

Bid is used when technical capability or technical approach are paramount.

Proposal is used when the selection decision will be based on price.

Proposal is used when the project time frame is limited.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What is a work breakdown structure (WBS)?

A hierarchical decomposition of the total scope of work to be carried out by the project team to accomplish the project objectives and create the required deliverables.

The sum of the products, services, and results to be provided as a project.

A contract between a service provider (either internal or external) and the end user that defines the level of service expected from the service provider .

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Select the answer that BEST describes test and evaluation documents :

Determining the appropriate combination of processes, inputs, tools, techniques, outputs, and life cycle phases to manage a project.

A dependent activity that logically comes after another activity in a schedule.

A special type of bar chart used in sensitivity analysis for comparing the relative importance of the variables.

Project documents that describe the activities used to determine if the product meets thequality objectives stated in the quality management plan .

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

How would you define the statement of work (SOW)?

The uncontrolled expansion to product or project scope without adjustments to time, cost, and resources.

A narrative description of products, services, or results to be delivered by the project.

The approved version of a scope statement, work breakdown structure (WBS), and itsassociated WBS dictionary, that can be changed using formal change control procedures and is used as a basis for comparison to actual results.

Formal responses from sellers to a request for proposal or other procurement document specifying the price, commercial terms of sale, and technical specifications or capabilities the seller will do for the requesting organization that, if accepted, would bind the seller to perform the resulting agreement.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What is the BEST description for scope baseline ?

A component of the program or project management plan that describes how the scope will be defined, developed, monitored, controlled, .and validated.

The sum of the products, services, and results to be provided as a project.

The uncontrolled expansion to product or project scope without adjustments to time, cost, and resources.

The approved version of a scope statement, work breakdown structure (WBS), and its associated WT3S dictionary, that can be changed using formal change control procedures and is used as a basis for comparison to actual results.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What is the definition of cost baseline ?

A financial analysis tool used to determine the benefits provided by a project against its costs.

A measure of the cost efficiency of budgeted resources expressed as the ratio of earned value to actual cost.

The approved version of the time-phased project budget, excluding any management reserves, which can be changed only through formal change control procedures and is used as a basis for comparison to actual results.

The amount of budget deficit or surplus at a given point in time, expressed as the difference between the earned value and the actual cost .

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