Project Management IT-6212 exam answers

Estimating the number of periods that is needed to complete individual activities

Activity duration estimating
Activity definition
Activity sequencing Correct
Activity resource estimating

Every Organization maintains a repository of information and data from the past Projects what do you call this

Organizational Records
Organizational process assets Correct
Financial and market conditions
Regulatory environment

Framework that Leaders believe in people and communicate that belief; they are visible and accessible; they empower, increase participation, support, share information, and move decision making down into the organization

Political Framework
Human Resources Framework Correct
Structure framework
Symbolic Framework

Gannt Chart is a visual representation that breaks down the scope of the project into manageable sections for the team

True
False Correct

Graphs pairs of numerical data, one variable on each axis, to look for a relationship The closer data points are to a diagonal line, the more closely the two variables are related

Scatter Diagram Correct
Histogram
Pareto Chart
Control Chart

Here all allowable expenses are charged back and in addition an incentive fee for exceeding the performance criteria specified in the contract

None of the given
Cost plus fixed fee
Cost plus incentive fee Correct
Cost plus fee

Here all allowable expenses are charged back plus a fixed fee at the end of the contract The fixed fee is how the seller makes their profit

Cost plus fixed fee Correct
None of the given
Cost plus incentive fee
Cost plus fee

Here the seller is reimbursed for allowable costs plus a fee that's calculated as a percentage of costs

Cost plus incentive fee
Cost plus fee Correct
none of the given
Cost plus fixed fee

How often does the Planning Process Group occur

Only once in the project or phase
As many times as is necessary to achieve the project objectives Correct
Not at all in a small project
It only happens at program level

Identifies many possible causes for an effect or problem and sorts ideas into useful categories

Histogram
Cause-and-effect diagram Correct
Control Charts
Check sheet

Identifying, analyzing, and responding to risks related to the project

Project threat management
Project peril management
Project liability management
Project risk management Correct

If the vice president of sales initiates a project to improve direct product sales using the Internet, he or she might be the _____

Project Management Professional (PMP)
project sponsor Correct
project manager
program manager

In RACI it's the person who signs off on the task or has authority for it?

Consultation
Informed
Accountability Correct
Responsibility

In RACI Who does the task?

Responsibility Correct
Informed
Accountability
Consultation

In which document will you find details of the procedures and processes to follow when you are closing contracts?

Procurement Management Plan
Project Management Plan
Change Management Plan
Contract Terms and Conditions Correct

Includes the processes required to manage timely completion of the project

Schedule
Milestone
Project time schedule
Project time management Correct

Influencing is also referred to as _____________

All of the given Correct
Motivating
Directing
Staffing

Invest 2,000 now, receive 3 yearly payments of 100 each, plus 2,500 in the 3rd year Use 10% Interest Rate

256
130
12697 Correct
335

Is a document that request support-usually money- for work a proposer wants to do?

External Document
Proposal Correct
Business Plan
Internal Document

Is a method for determining the estimated annual costs and benefits for a project

Currency flow
Cash flow Correct
Money flow
Cash movement

Is a set of activities, to plan, monitor, coordinate and review goals

Management
Project Planning
Scope Planning
Project Management Process Correct

Is a team structure with members from functional areas, depending on skills required

Matrix Organization Correct
Project Control
Project Planning
Project Scheduling

Is a type of proposal address someone within your organization

Business Plan
External Proposal
Internal Proposal Correct
Proposal

Is a type of proposal address to an independent organization or individual from another such entity

Proposal
Internal Proposal
External Proposal Correct
Business Plan

Is a very important part of the proposal because it provides a short overview and summary of the entire proposal

Abstract Correct
Table of Content
Introduction
Title Page

Is made up of individuals from various areas and department within a company

Project Manager
Top Management
Stakeholders
Project team Correct

Is the degree to which a set of inherent characteristics fulfills requirements

Fitness for use
Reliability
Quality Correct
Conformance to requirements

Is the term used to describe formal systems devised for the management of people within an organization requirements

Human Resource Management Correct
People Management
Systems Application
Human Application Systems

Is very important in planning procurements Many potential suppliers are often available for goods and services, so the project team must choose suppliers carefully

financing analysis
make-or-buy analysis
market research Correct
none of the given

It addresses the business, technological, and organizational issues associated with creating, maintaining, and modifying a system

System design
System implementation
System management Correct
Systems analysis

It describes your company philosophy in a few sentences, describes how you see your company in the future

Goals
Company Information
General Business Overview
Mission and Vision Statement Correct

It identifies and document the relationship between project activities

Activity sequencing Correct
Activity resource estimating
Activity duration estimating
Activity definition

It is a contract all the costs that the seller incurs during the project are charged back to the buyer

Fixed Price
Stable price
Time and Material
Cost reimbursable Correct

It is a method of calculating the expected net monetary gain or loss from a project by discounting all expected future cash inflows and outflows to the present point in time

Payback Analysis
Balance Scorecard
ROI Correct
NPV

It is a set of activities to plan, monitor, coordinate and review a goal

Project
Blueprint
Plan
Project management Correct

It is similar to a deliverable-oriented WBS except that it is organized, at the highest level, by phases or steps in a process rather than by deliverables

Procedure WBS
Process Centered WBS Correct
Procedure Centered WBS
Centered WBS

It maps the work of the project, as described in the WBS, to the people responsible for performing the work, as described in the OBS

WBS
OBS
RACI
RAM Correct

It refers to mutually binding agreement between seller and the buyer

Deal
Pact
Contract Correct
Treaty

It refers to the achievement of a key deliverable

dependencies
milestones Correct
implementation plan
resource plan

It refers to the beginning or ending point of one or more activity

Event Correct
Network
Activity
Operation

It refers to the method by which items are purchased from external suppliers

Outsourcing
Contracting
Payment
Procurement Correct

It's a process that can be applied in a collaboration of its various sub-disciplines

Project Control
Project Collaboration Correct
Project Motion
Project Activity

It's a schematic display of the logical relationship among, or sequencing of project activities

critical path
Work breakdown structure
resource histogram
network diagram Correct

It's the 2nd Habit of a highly effective person

Think Win-Win
Begin with the end in mind Correct
Put Things First
Be Proactive

Its about keeping the project on track

Accomplishing
Motivating
Controlling
Leading Correct

Kick-off" meeting usually marks the start of the Project Execution phase where the teams involved are informed of their responsibilities

True Correct
False

known for his work on quality control in Japan, and he developed the 14 Points for Management in his text Out of the Crisis

Isakawa
Deming Correct
Juran
Crosby

Leadership behavior that focus on arrangement, strategy, environment, implementation, experimentation, and adaptation

Political Framework
Human Resources Framework
Structure framework Correct
Symbolic Framework

Leadership style that demands immediate compliance

Pacesetting
Commanding Correct
Visionary
Democratic

Leadership style that sets high standard for performance

Visionary
Pacesetting Correct
Commanding
Democratic

Main output of _________ is schedule management plan

planning schedule board
planning schedule management Correct
planning Gannt Chart
scheduling list management

Most proposals discuss the advantages or benefits of doing the proposed project This acts as an argument in favor of approving the project

Background
Benefit and feasibility Correct
Schedule
Description of work

Motivation causes people to do something for a reward or to avoid a penalty

Social Motivation
Intrinsic motivation
Extrinsic motivation Correct
Self motivation

Network diagrams are the preferred technique for showing activity sequencing

True Correct
False

One of the leadership style that shows self confidence, empathy and change catalyst

Visionary Correct
Democratic
Commanding
Pacesetting

One of the role of PM is to includes developing and managing the direction of the project

Quality Management
Integration Management Correct
Scope management
Time and cost management

Outline the corporate structure, Are you a sole proprietor, partnership or an incorporation? List any shareholders, partners and incorporation information

Company Structure Correct
Location
General Business Overview
Key Personel

Part of the proposals contain a section that shows not only the projected completion date but also key milestones for the project

Background
Schedule Correct
Introduction
Benefits and feasibility study

Pessimistic time he shortest possible time in which an activity is likely to be completed

True
False Correct

Project ________ management ensures that the project will satisfy the stated or implied needs for which it was undertaken

quality Correct
cost
scope
time

Project ________ management involves acquiring goods and services for a project from outside the performing organization

human resource
risk
procurement Correct
communications

Project ________ management involves defining and managing all the work required to complete the project successfully

cost
quality
time
scope Correct

Project charter inputs includes project management plan, approve change request, organizational process assets

True
False Correct

Project is a temporary endeavor undertaken to create a unique product, service, or result

True Correct
False

Project Management Institute (PMI)suggested 7 phases of project management

True
False Correct

Project Management involves four project constraints they are time, cost, human resources and scope

True
False Correct

Project Management is the discipline of ________ sources to achieve a specific goal

Securing and managing
All of the given Correct
Organizing
Planning

Project Management plan is a document used to coordinate all project planning documents and help guide a project's execution and control

True Correct
False

Project management software helps you develop a ______, which serves as a basis for creating Gantt charts, assigning resources, and allocating costs

deliverables
Project plan
WBS Correct
schedule

Project manager ensures that _____________

Both of the given Correct
The project will get delivered on time
None of the given
The project will get completed within budget

Project Planning is a discipline for stating how to complete a project within a certain timeframe

True Correct
False

Project Scope Management is the management of the process that is required to ensure that a project includes all the work necessary to complete the project successfully

True Correct
False

Project Team is the composition of individuals from various areas and departments within a company

True Correct
False

Project work involves overseeing activities to meet the performance objectives of the project

Direct and Manage Project Work Correct
Monitor and Control Project Work
Develop Project Charter
Develop Project Management Plan

Proposal to an independent organization or individual from another such entity is one written from one separate, independent organization or individual to another such entity

Internal
Unsolicited
External Correct
Solicited

Project Management

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