Project Management IT-6212 exam answers

Quality audits are a tool/technique of which of the following processes?

Control Quality
Plan Quality Management
Validate Scope
Perform Quality Assurance Correct

Refer(s) to all the work involved in creating the products of the project and the processes used to create them

Scope Correct
Milestones
Product Development
Deliverables

Referred to as a Risk Log, is a master document which is created during early stages of your project

Risk Register Correct
Threat List
Threat Register
Risk List

Refers to a specific price is agreed for the good or service being sold

Time and Material
Stable price
Fixed Price Correct
Cost reimbursable

Refers to process of planning, organizing, controlling and measuring

Cluster
Management Correct
Group
Organization

Refers to the incremental expansion of the project scope

scope statement
work package
scope
Scope creep Correct

Refers to what the project wants, how it can be accomplished and project needs defined by seller

Design
Purpose
Functional
Performance Correct

Scheduling is the easiest way of managing project time

True Correct
False

Scope creep not something common with every project

True
False Correct

Scope crepe refers to the shorting of project scope

True
False Correct

Show the amount borrowed in your financials and include the monthly payments in your cash flow projections

Budgeting
Feasibility Study
Financial Information
Funding Requirements Correct

Shows on a bar graph which factors are more significant histogram that can help you identify and prioritize problem areas

Histogram
Scatter Diagram
Control Chart
Pareto Chart Correct

Skills of resolving disputes among group members and organizing them to get back on tract

Communication among project team members
Responsibility of a project manager to put an end of the differences amid workers Correct
Negotiation between a project manager and team member
Planning is an essential component of project management

Strategic planning is a management task concerned with the growth and current process of the business enterprise

True
False Correct

SWOT stands for Strengths, Weaknesses, Openings and Threats

True
False Correct

Symbolic Framework shows leaders organizations as a stage or theater to play certain roles and give impressions

True Correct
False

Taking care of the quality of the process in the organization

Scope management
Time and cost management
Integration Management
Quality Management Correct

Target rating of 6 sigma

9546%
9999% Correct
9973%
6826%

The __________ is a calendar that links the tasks to be done with the resources that will complete them

Project Schedule Correct
None of the given
Project Control
Project Team

The application of knowledge, skills, tools, and techniques to project activities to meet project requirements

Plan
Blueprint
Project management Correct
Project

The first Gantt chart was devised in the mid 1890s by Karol Adamiecki

True Correct
False

The goal of scope control is to influence the factors that cause scope changes, to ensure that changes are processed according to procedures developed

True Correct
False

The goal of scope control is to influence the factors that cause scope changes, to ensure that changes are processed according to procedures developed (True or False)

True Correct
Cannot be determined
False

The Make or Buy Decision is an output of which process?

It is an output of Close Procurements process
It is an output of Plan Procurement Management process Correct
It is an output of Conduct Procurements process
It is an output of Control Procurements process

The methods available to assist project managers and their teams; some popular tools in the time-management knowledge area include Gantt charts, network diagrams, critical-path analysis and project management software

project management tools and techniques Correct
project management tools and methods
project management implements and techniques
project management gears and techniques

The people involved in or affected by project activities

Top Management
Project team
Project Manager
Stakeholders Correct

The person who provides the direction and funding for a project

President
Project manager
Project sponsor Correct
Team

The process of documenting the actions necessary to define, prepare, integrate, and coordinate all subsidiary plans

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

The processes and activities needed to identify, define, combine, unify, and coordinate the various processes and project management activities

Project Integration Managing
Plan Integration Management
Project Integration Management Correct
Project Incorporation Management

The processes involved in defining and controlling what work is or is not included in a project

Joint Application Design (JAD)
project scope statement
bottom-up approach
project scope management Correct

The project manager is responsible for ______________

Maintaining a cooperative, motivated and successful team
All of the given Correct
Allocating and utilizing resources in an efficient manner
Managing the work of consultants

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

Exact time
Pessimistic Time Correct
Most Likely time
Optimistic Time

The tool and technique known as "expert judgment" in the initiating process group is used to:

Determine corrective actions needed on the project
Define detailed project deliverables
Prepare the Project Charter Correct
Communicate the project scope to stakeholders

The WBS and WBS Dictionary are schedule, but rather the building blocks to it

True
False Correct

The WBS and WBS Dictionary are schedule, but rather the building blocks to it (True or False)

True
Cannot be determined
False Correct

There are how many phases involved in project integration management?

9
6 Correct
8
7

These are internal and external environmental that can influence a project's success

Organizational structure
Existing human resources
Organizational culture
Enterprise environmental factors Correct

This are revenues minus expenditures

Profit Correct
Revenue
Income
Salary

This are sets of interacting components that works together for a holistic function such as human nervous system, skeletal system and digestive system

system design
systems analysis
systems management
systems philosophy Correct

This defines what end product should be as well as minimum requirements

Functional Correct
Performance
Design
Purpose

This describe the finished product of the proposed project

description of the proposed work Correct
Schedule
Benefits and feasibility study
Background

This explains what your business is all about It should be between several sentences and a paragraph

Growth Highlights
Services
Mission Statement Correct
Company Info

This includes developing and managing the direction of the project

Integration Management Correct
Scope Management
Quality Management
Time and Cost Management

This is the action of deciding between manufacturing an item internally (or in-house) or buying it from an external supplier (also known as outsourcing)

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

This is the process of formalizing acceptance of the completed project deliverables

validation scope Correct
schedule
project timeline
WBS

This is the process which is a part of project monitoring and control process group

Project Observation
Validating Scope
Project overseeing
Scope monitoring Correct

This plan will outline exactly how you will find potential customers

Strategic plan
Marketing and Sales strategies Correct
Research Plan
Business Plan

This psychologist stated that inputs are defined as each participant's contributions to the relational exchange and are viewed as entitling him/her to rewards or costs

Maslow
Covey
Adam Correct
Thamhain

This refer(s) to all the work involved in creating the products of the project and the processes used to create them

Deliverables
Milestones
Product Development
Scope Correct

This section briefly tells your reader where your company is, where you want to take it, and why your business idea will be successful

Executive summary Correct
Products
Market analysis
Implementation and strategies

This section contain a section detailing the costs of the project, whether internal or external

Schedule
Description of proposed work
Conclusion
Cost, resources required Correct

This section discusses what has brought about the need for the project—what problem, what opportunity there is for improving things, what the basic situation is

Background Correct
Introduction
Benefits and feasibility study
Schedule

This section is considered the most important section of a business plan It briefly tells your reader where your company is, where you want to take it, and why your business idea will be successful

Products
Executive Summary Correct
Market Analysis Summary
Company Summary

This should explain how and who the project will affect and in what ways

Technology
Process
Organization Correct
Business

To create a successful project, a project manager must consider scope, time, and cost and balance these often-competing goals This is sometimes referred to in project management as the ________

critical path
triple constraint Correct
project portfolio
quadruple constraint

WBS process of formalizing acceptance of the completed project deliverables

True
False Correct

We use project management to aid us on ______ and ______ our resources to accomplish our goals

None of the given
Maximizing, Optimizing Correct
Data inadequate
Minimizing, Maximizing

Weighted Scoring is a method of calculating the expected net monetary gain or loss from a project by discounting all expected future cash inflows

True
False Correct

What are the major reasons for project failure?

Incomplete, ambiguous, inconsistent requirements and specifications
Inadequate End User involvement during development
All of the given Correct
No clear assignment of authority and responsibility

What can be said to be true about risk and cost of making changes in the Project Lifecycle?

Risk is highest at the end and Cost is lowest in the middle
Risk is highest at the start and Cost is highest at the end
Risk is lowest at the start and Cost is highest at the start
Risk is highest at the middle and Cost is highest at the start Correct

What is the preferred technique for showing activity sequencing?

network diagram Correct
critical path
Gantt chart
resource histogram

What is true about stakeholders? They are:

Only senior managers who have a vested interest in the project succeeding
Have a positive and negative viewpoint about the project
Persons or organizations whose interests may be positively or negatively affected by the performance or completion of the project Correct
People who want to be involved the project execution

What tool can you use to determine whether a process is in control or out of control?

control panel diagram
run chart
control chart Correct
cause and effect

When carrying out data collection and collation, you notice that you have received this data: – Fault 1 – 85 occurrences; Fault 2 – 125 occurrences; Fault 3 – 28 occurrences; Fault 4 – 395 occurrences; Fault 5 – 185 occurrences; Fault 6 – 128 occurrences; Fault 7 – 85 occurrences; Fault 8 – 169 occurrences; Fault 9 – 148 occurrences; Fault 10 – 209 occurrencesWhat is the best way to show this data for root cause analysis?

Histogram
Scatter Chart
Pareto Chart Correct
Run Chart

When it comes to feasibility study of the project management, __________ is the most important concern that influences the verdict of the PM to a greater extent

Planning
All of the given
Cost Estimation Correct
Negotiation between a project manager and team members

Which among the following is NOT the role of the project manager?

Quality Management
Investigation Management Correct
Human Resource Management
Communication Management

Which among the following is the job of a project manager?

Identify Stakeholders
Report Project Status
All of the given Correct
Evaluate Requirements

Which among the following is/are the mandatory point which a project manager keeps in mind while managing project quality?

All of the given Correct
Scope of project
Time of project
Cost of project

Which combination correctly describes the order of the PMI Process Groups as presented in the PMBOK Guide®?

Planning, Initiation, Execution, Monitoring and Control, Closing
Planning, Initiation, Monitoring and Control, Execution, Closing
Initiation, Planning, Execution, Monitoring and Control, Closing Correct
Initiation, Planning, Monitoring and Control, Execution, Closing

Which does not belong?

Business
Organization
Investment Correct
Technology

Which famous quality thought leader mentioned that 85% of the cost of quality is a management problem?

Edward Deming Correct
Arnold Feigenbaun
Joseph Juran
Kaoru Ishikawa

Which is a true statement regarding a Procurement Audit?

It is a tool/technique of Plan Procurement Management process
It is a tool/technique of Conduct Procurements process
It is a tool/technique of Control Procurements process
It is a tool/technique of Close Procurements process Correct

Which is a true statement regarding a Procurement Audit? It is a review of the procurement processes from:

Plan Procurement Management to Control Procurement
Plan Procurement Management to Control Project or Phase
Plan Procurement Management to Conduct Procurements
Plan Procurement Management to Close Procurements Correct

Which is does not belong in the group?

Corporate Plan Strategy
Operational Strategy Correct
Business Unit Strategy
Corporate Strategy

Which is not included in processes for project cost management

The Customer Perspective
The Internal Process Perspective
The External Procedure Perspective Correct
The Financial Perspective

Project Management

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