2023S Review Questions 4
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Business
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Professional Development
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Practice Problem
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Hard
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10 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The project manager arranges a meeting to ensure that stakeholders understand that the project's expected business value aligns with the organization's strategy. What key areas should be reviewed in a project kick-off meeting?
Answer explanation
To understand how the project aligns with the organization's strategy, the stakeholder needs to evaluate the goals, objectives, benefits and risk to see how they compare to the organizations goals and risk tolerance. The cost, schedule, risks and WBS provides details on the project activities, but not the detail to compare to the overall strategy. Likewise, the benefits, effort and resources, or schedule, benefits, and WBS would not provide enough detail to compare to the strategy.
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The project manager has documented a new risk and its impact. If not resolved immediately, the risk will jeopardize the success of the project .The resources necessary to address the risk are working on another critical project. What should the project manager do?
Answer explanation
The question notes the necessary resources are working on another project, indicating that it is a shared resource in either a functional or matrix type organization where the functional manager is the person who is able to reschedule, reassign or replace resources. Negotiate a solution with the functional manager and project sponsor would be the case in this type of organization structure. Outsource the resource necessary to address the risk may be a potential outcome, however not until the discussion is held with the functional manager and project sponsor. Modify the project schedule has no relevance to the question and the issue at hand. Meet with project sponsor to request additional resources and schedule delay, may be a potential outcome, however not until the discussion is held with the functional manager and project sponsor.
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A project manager joins the planning phase of a global project that has a fixed budget and a tight deadline. The project manager needs to prevent any scope creep to ensure that the product is delivered on time and meets requirements. What should the project manager do?
Answer explanation
Scope creep can be avoided or minimized by defining a specific scope baseline and adhering to the agreed upon change control process.
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A team is working on a project using a hybrid approach, and they are facing a lot of obstacles and blockers from some stakeholders. What should the project manager do to improve project performance?
Answer explanation
As per the new ECO task 1.7: Address and remove impediments, obstacles, and blockers for the team. This also falls into the servant leadership role a PM needs to have in Agile and hybrid environments. As a top priority, the need for the Project Manager is to remove the obstacles and blockers. The other answer choices are incorrect. Documentation is not a priority in Agile hybrid environments, hence adding blockers to the issue log and creating risk management plan can be done as a secondary step and hence is not the correct answer. The scenario described in the question does not indicate that the stakeholders are communicating with the team directly, hence this choice is not the correct answer.
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A new sponsor is assigned to a project. The project manager has discovered there is incorrect information in the project charter. What should the project manager do?
Answer explanation
Sponsor approval is required for changes to the charter, since the sponsor is responsible for the overall intent of the project. A team meeting and/or review of the business case may be required to develop input, but the sponsor has final approval. Changes should be managed by the project manager, but a change request is insufficient in this case as the sponsor has final approval.
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
An engineering company is implementing a project to produce a product similar to a previous product. Details of the component work packages have been defined and constraints for each component have been identified. Management would like to obtain the most precise estimate possible for the duration of the project. Which estimating technique should the project manager use?
Answer explanation
Bottom-up is correct because it is a method of estimating project duration or cost by aggregating the estimates of the lower level components of the WBS and precision level is higher. Analogous is not correct because it is a technique for estimating the duration or cost of an activity or a project using historical data from a similar activity or project. Three-point is not correct because duration estimates based on three points with an assumed distribution provide an expected duration and clarify the range of uncertainty around the expected duration. Reserve analysis is not correct because it covers Contingency and Management reserves. Contingency reserves are associated with the “known-unknowns,” which may be estimated to account for this unknown amount of rework. Management reserves are a specified amount of the project duration withheld for management control purposes and are reserved for unforeseen work that is within scope of the project.
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A project team member successfully completed all the tasks for which the team member was responsible. Now the functional manager asks the project manager to assign the team member to a similar project. What should the project manager do?
Answer explanation
The project manager needs to capture any lessons learned from the resource while the information is fresh and to allow for any learned improvements to be implemented earlier. Tasks for the new project are not the current PM's concern. Training the replacement may be needed, but is not the primary issue or the best answer. Selecting a different person to fill the need is neither the PM's choice nor the most important aspect of the situation.
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