PM 2 Final Exam review

You need to select a project Management approach for your team.

Key considerations include:

- The team has worked on similar projects.

- The deliverable must comply with standards and regulations

- The project task are well-defined

- The project deliverable is clearly defined.

What project management approach should you choose?

• Incremental

• Adaptive

• Predictive

• Scrum

Which scenario demonstrates a schedule dependency?

• Team members must wait to start a task until after another task is completed

•    Team members must schedule activities during business hours

•   Team members must work independently on tasks

•   Team members must determine the minimum time necessary to complete a project.

Which project document authorizes the project manager to begin working on a project?

• Project Charter

• Project Scope Statement

• Project communication plan

• Project management plan

 

In a project, what describes work that should be included and work that should be excluded?

• Work breakdown structure (WBS)

• Business Case

• Project baseline

• Scope statement

What is a key characteristic of the adaptive project management approach?

• Minimal changes due to familiarity with project requirements.

• Sequential completion of tasks with no change in scope

• Delivery of the product after the final phase has been completed.

• Continuous refinement of the product based upon stakeholder feedback.

  While working on your current project, the team learned a new creative approach to managing project resources.

What is a benefit of reporting this new approach in the lessons learned documentation?

• To inform the client of the new approach

• To inform competitors of the new approach

• To inform project teams of the new approach

• To inform the legal team of the new approach.

You provide the following information to your boss 

·         Work planned vs. work completed

·         Budget planned vs. budget spent

·         Issue or roadblocks

Which type of communication are you providing

• A business plan

• A status update

• A project charter

• A contingency plan

Your customer states that the packaging for the new product being developed must be easy for everyone to open. During the testing, only 60% of the people was able to open the packaging easily.

As the project manager, what should you do?

• Inform the customer that more than 50% is an acceptable result

• Inform the project sponsor that the project has failed

• Request a team meeting to decide on corrective action

• Meet with the project testers to change the results

What should you include in the project purpose section of the project charter?

• A description of the business need.

• A statement describing the expected deliverables

• A list of key milestones

• An outline of the key points in time in the project.

  You are one of the event planners for a large town festival. You are reviewing a list of potential bakeries that will supply the desserts at the festival. When you review the list, you notice that your favorite aunt owns one of the bakeries, but on one on your team knows this information.

According to project management ethical guidelines, what should you do?

• Proceed with the selection process, confident that you will act fairly

• Inform your aunt that she will need to remove her bakery from the selection list

• Notify your supervisor that your aunt's bakery is on the list

• Tell your aunt to lower her prices so that she can be easily selected for the event.