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The purpose of the Initiation process is to:
A. Formally recognize the existence of a project or project phase
B. Formally recognize the need that brought about the project be it marketing demand, customer requests, business need, technological advances, or legal requirements
C. Formally recognize the stakeholders of the project and identify them in the project charter
D. Formally recognize the project sponsor and document his or her project goals
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You are the project manager for BB Tops, a nationwide toy store chain. You are working on estimates for your latest project and have gathered several variables for your model. You've determined the following: A. Parametric modeling is a top-down technique that uses variables to produce time estimates. B. Parametric modeling is a mathematical formula that uses variables to produce cost estimates. C. Contingency estimating is a top-down technique that uses variables to produce cost estimates. D. Contingency estimating is a mathematical model that uses variables to produce time estimates.
What are decision models? A. Project selection criteria B. Project selection methods C. Project selection committees D. Project resource and budget selection criteria
Which performance measurement tells us how much more of the budget is required to finish the project? A. ETC B. EV C. AC D. EAC
You are the project manger for Xylophone Phonics. They produce children's software programs that teach basic reading and math skills. You're performing cost estimates for your project and don't have a lot of details yet. You will use which of the following techniques? A. Analogous estimating techniques, because this is a form of expert judgment that uses historical information from similar projects B. Bottom-up estimating techniques because this is a form of expert judgment that uses historical information from similar projects C. Monte Carlo Analysis, because this is a modeling technique that uses simulation to determine estimates D. Parametric modeling, because this is a form of simulation used to determine estimates
You are a project manager for a manufacturing firm that produces Civil War-era replicas and memorabilia. You discover a design error during a test production run on your latest project. Which of the following is the most likely response to this problem? A. Reduce the technical requirements so that the error is no longer valid. B. Go forward with production and ignore the error. C. Go forward with production but inform the customer of the problem. D. Develop alternative solutions to address the error.
Describe the risk in software engineering.
What are the different kinds of project management tools you worked with?
You are the project manager for Insomniacs International. Since you don't sleep much, you get a lot of project work done. You're considering recommending a project that costs $575,000, and expected inflows are $25,000 per quarter for the first 2 years, and then $75,000 per quarter thereafter. What is the payback period? A. 40 months B. 38 months C. 39 months D. 41 months
According to the Guide to the PMBOK, the project manager is identified and assigned during which process? A. As an input to the Initiation process B. As an input to the Planning process C. As an output of the Initiation process D. As an output of the Scope Planning process
These diagrams rank order factors for corrective action by frequency of occurrence. They are also a type of histogram: A. Control charts B. Process flowcharts C. Scatter diagrams D. Pareto diagrams
What is your leadership style?
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