You are a project manager in an embedded systems company that designs hardware for an ATM manufacturing client. On your project, you have created an environment in which the project team members make promises and commitments in good faith and provide accurate information in a timely manner. Even when some of the stakeholders and the customer are not happy with the information they receive, the team members must provide the accurate information. The team must provide complete statements that reflect the actual project status and the reasoning behind those decisions. Which of the following values from the PMI Code of Ethics and Professional Conduct do the team members demonstrate?

You have recently joined as a project manager in a company where they follow a projectized organizational structure. All your team members work in the same office where you have a lot of independence and authority. Which of the following is NOT an advantage of a projectized organizational structure?

Joker is a seasoned Project Manager at Gotham Group. During the execution of the project, a number of changes were requested by the end customer. Flora managed all the change requests efficiently by formulating a Change Management Plan. The Project Management Plan was updated accordingly and a baseline version of the initial scope was created. The list of deliverables was also updated to reflect these changes. The project was successfully completed and a formal closure was executed. Which of the following activities would be included as part of closing the project?

You are managing a large 2 year oilfield development project to drill 6 wells with a planned budget of US$240,000,000.00. During your 3rd quarter review, you have finished drilling 2 wells and have spent US$120,000,000.00. Using earned value analysis, what is the performance status of your project?

A first-time project manager wanted to have a “perfect project.” This manager informed the customer that this project would not accept change requests of any kind and that the scope would need to be defined precisely at the very start of the project. The customer agreed to this request. What would your comment on this situation be?

You are a project manager for an automotive parts company. Your organization was hired to produce clutches for an exotic car company. This will involve the design and production of custom clutches. During the course of the project, as you review the chart of measurement of every clutch produced for the month, you noticed several cases where the spring component of the clutch is expanding too much force and is falling outside the upper control limit. Which type of Quality Control tool are you most likely using?

You are a project manager on a project and communicating with all of the team members in status review meeting. There was a deliverable which took more than planned hours and two of the team members who were working on that deliverable started blaming each other. When you see that none of them in a position, you decide to take it offline after the meeting. Which conflict resolution technique you used?

A cost performance index (CPI) of 0.89 means :

Komeng is managing a construction project. The project's client is responsible for the design, while Komeng’s organization is responsible for the construction. There has been a 45-day delay on a couple of major structure designs. This delay can only be recovered through crashing and will cost $2 million in addition to the approved budget. Komeng prepares a detailed report and emails it to the client. In this scenario, Komeng’s email to the client is an example of :

Rambo is working for a chemical industry, and his management proposed two different projects to manufacture benzene for commercial use. After doing financial analysis, the financial advisor provided him with the following statistics about the projects: Project 1: 60 percent probability of success with a profit of $500,000 and 20 percent probability of failure with a loss of $200,000. Project 2: 30 percent probability of success with a profit of $300,000 and 30 percent probability of failure with a loss of $400,000. Based on the information above, Rambo should choose :

Three years back, your organization awarded a fixed price contract to a reputable local contractor to construct a new airport terminal in the city. A few days back, you received a change request from the contractor requesting to adjust the contract’s price. The contractor is claiming that as a result of the recent national recession, the prices of raw materials have gone up and he cannot complete the rest of the project at the contract price. Is the contactor’s request legitimate?

When reviewing quarterly expenses for your project with the finance department, it becomes clear there is a discrepancy between the projected, budgeted, and actual costs incurred for equipment procured from a specific vendor. This cost variance puts the project over budget by 2 percent, inclusive of reserves. After reviewing and comparing the quotes with the invoices, it is discovered that the quotes were issued in Canadian dollars while the invoices were issued in US dollars. Which of the following is the best option?

You are working as a project manager for MALTEX, an IT organization having a projectized organization structure. You have recently started managing a project that involves stakeholders from within and outside your organization. The stakeholders external to your organization are highly critical since the project negatively affects their interests. You are making serious efforts to gather their expectations and influence levels early in the project to ensure their voice is heard and proper communication needs can be planned in the project’s future phases. The outcome of your effort can be documented in :

You have managed a federal highway construction project, which is intended to improve transportation between north and south regions of the country. In the execution phase, you received many complaints from stakeholders, including the highway transportation agency. At least half these complaints were regarding the quality of the micro texture of the road, and the nonconformance to the quality levels incorporated in the project quality management plan. So far, you have successfully fixed all the reported issues, but you are concerned by this recurrent event. What should you do to avoid future similar issues?

A project manager is managing his second project. It started one month after the first one did, and both projects are still in process. Though his first project is small, the new project seems to be quickly growing in size. As each day passes, the project manager is feeling more and more in need of help. The project manager has recently heard that there was another project in the company last year that was similar to his second project. What should he do?

Boneng is a project manager for 5G rollout project in Bora bora island. The scope of the project was approved by the customer and key stakeholders at the beginning of the project. But whenever the customer validates deliverables, he comes up with new requirement that he would like to add in to the product. Boneng is working with customer to find what requirements were missed in the planning stages of the project and how to plan better in the future. What is the best description of his project current situation.?

You have a project with the following activities: Activity A takes 40 hours and can start after the project starts. Activity B takes 25 hours and should happen after the project starts. Activity C must happen after activity A and takes 35 hours. Activity D must happen after activities B and C and takes 30 hours. Activity E must take place after activity C and takes 10 hours. Activity F takes place after Activity E and takes 22 hours. Activities F and D are the last activities of the project. Which of the following is true if activity B actually takes 37 hours?

A project is almost complete. The project manager want to have final meeting with the customer to discuss how the customer can maximize value of deliverables in the future after the project deliverable are deployed. What does the project manager use to backup the conversation with the customer ?

You are managing large IoT project, when the sponsor hands on you a formal letter from the customer informing you that your project has been terminated immediately. The project cancellation comes as a complete shock to you because the project going well and was forecasted to finish ahead of schedule and under budget. What action should you take first ?