Weekend Quiz

While reviewing the issue log of the project you are leading, you suspect there is a pattern of errors and defects. You and your project team want to determine the causes and frequency of these errors and defects in the system. In particular,you are interested in identifying and ranking the vital few sources that are responsible for causing the majority of the problems. Which of the following tools will help you the most?

• Run chart
• Scatter diagram
• Pareto chart
• Fishbone diagram

The project is developing an update to a software tool. There have been a series of changes made to the product, and more changes are expected. Correspondingly, engineers on the team are modifying documentation frequently to reflect the changes. What is the best course of action to ensure engineers are working on the most current version of documentation?

• Audit the documentation daily to ensure the correctness of the information
• Ensure that the requirements documentation has the current date on the header
• Assign an accountable engineer to validate all changes and update project plans
• Maintain a configuration management system and communicate appropriately

Midway into project execution, a buyer has informed the seller that starting the next month, the payments will be released at the beginning, instead of the end, of each month. The seller welcomes the change as it would be beneficial for their company. What should the seller do?

• Do nothing as the change is beneficial
• Provide the deliverables at the beginning of each month
• Update the procurement management plan
• Ask the buyer to issue a change request to the contract

As part of the Plan Stakeholder Engagement process, the project manager has just finalized the stakeholder engagement plan. What should the project manager do next?

• Create the stakeholder engagement assessment matrix
• Submit a change request to update the project management plan
• Create the stakeholder register
• Finalize the project management plan and have it approved

You are planning a project to upgrade the software for your company's retail point-of-sale system. You need to assign an approximate value to the investment that will be required for the project. After finishing the necessary analysis using a bottom-up approach, you are forecasting that a $50,000 investment will be needed for the project plus an additional $5,000 for a contingency reserve, and $5,000 as a management reserve. What have you created in this scenario?

• Scope baseline
• Cost management plan
• Cost performance index
• Cost estimates

A project manager is planning a technology development project and is trying to determine if it is best to produce the software using internal resources or purchase the product from an outside source. What tool or technique will be most useful for the project manager?

• Perform Quantitative Risk Analysis
• Product analysis
• Make-or-buy analysis
• Reserve analysis

You are managing a project that is nearing completion. You have asked one of your team members to collect status reports from your six vendors and add them to the lessons learned register and project management information system so that your project team can use these status reports for continuous improvement purposes. What process are you in?

• Manage Communications
• Control Procurements
• Conduct Procurements
• Close Procurements

The following affect the project schedule: the parts for the system are manufactured in another country, shipped by ocean freighter, and need to go through customs before they can be sent to the site. In addition, the site requires some structural renovations before the new system can be installed. Lastly, the external vendor is responsible for integrating the new system with the organization's information system. Which of the following best describes these prerequisites?

• Mandatory internal dependencies
• Mandatory external dependencies
• Leads and lags
• Discretionary external dependencies

A project manager has taken over a project early in its execution. The company has a policy that specifies the minimum frequency for conducting risk audits on all projects. What should the project manager do to determine the timing of the risk audits for this particular project?

• Look in the project management plan
• Check the applicable policy in the organizational process assets
• Review the risk register for risk audit information
• Use discretion to determine when and if a risk audit is needed

A project manager who works for a city government is planning a project to build a new community center. The project will ultimately be paid for with tax revenues, but the city lacks the immediate funds that will be required to get the project going. To determine how the project will be paid, the team is investigating various sources of funding including municipal bonds and federal grants. What tool or technique is the team using in this scenario?

• Cost aggregation
• Cost baseline
• Financing
• Project funding requirements