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Refer Scenario 1 – Which of the following statement appropriately reflects a Major Risk to the project?
Refer Scenario 1 – Initial estimates indicated that the project would cost 2.5 million USD and take two years to complete. There is an expected saving of 20 million USD over 10 years. Which of the following describes the term ‘Benefits’?
Refer Scenario 1 – Which of the following is an expected Dis-benefit of the project?
Refer Scenario 1 – In the given project lifecycle, as work will progress, uncertainty about the expected outcome will ……
Refer Scenario 1 – The project manager thinks that , some project management processes will have to be tailored as appropriate. Tailoring is necessary in a project’s processes because:
Refer Scenario 1 – The project manager thinks that the Schedule appears to be too tight and it will not be possible to complete the project within given timeline. Hence time will become a major constraint for the project. Constraints should be negotiated with the stakeholders in the early stages of the project because ……
Refer Scenario 1 – The project is divided in 4 stages. Which of the following statement is correct about Project Stage?
Refer Scenario 1 – “Rely on the selected external supplier to act in a reliable and conscientious manner to provide the support and advice that will protect ABC Company’s interests.” This statement is an example of which risk response strategy?
Refer Scenario 1 – “Identify ABC Company employees with knowledge or experience in restructuring and include them in the project team.” This statement is an example of which risk response strategy?
Refer Scenario 1 – As per note from project manager’s diary – “The Schedule appears to be too tight. It will not be possible to complete the project within given timeline.” The request to stakeholders for relaxing the schedule is a form of ……
Refer Scenario 2 – Based on the data given in the scenario, what is the Critical Path of the network diagram?
Refer Scenario 2 – Based on the data given in the scenario, what will be the effect if some activities are overlapped using the relationship Start to Start?
Refer Scenario 2 – Based on the data given in the scenario, what is the float in activity “Create request for tender”?
Refer Scenario 3 – Based on the data in the scenario, What is the schedule Variance?
Refer Scenario 3 – Based on the data in the scenario, What is the cost Performance Index?
Refer Scenario 3 – Which of the following statement about Cost Baseline is NOT true?
Refer Scenario 3 – According to the schedule, after 9 months, 45% of the work should have been completed. The work performance information shows that 40% of the work has actually been completed. The project manager has spent 300,000 USD till status date after 9 months. What inference can be drawn from this data?
|Additional Information – The project manager is preparing the WBS for the project. Which of the following is NOT a result of excessive decomposition of deliverables while creating WBS?|
|Additional Information – The project manager is preparing the project Plan. Rolling wave planning is the concept of planning the near work in detail and keeping the future work at higher level. In which of the following scenario rolling wave planning is applicable?|
Additional Information – During the Collect requirements process, while interviewing stakeholders, the project manager became aware of a set of “expectations” that the stakeholders had which were not explicitly mentioned in the requirements documentation. What should be done about such implicit expectations?
|Additional Information – The project manager is preparing the Scope Statement. Which of the following statement is NOT an appropriate characteristics of a Scope Statement?|
|Additional Information – “The project manager has obtained the approval, for the scope statement, from the sponsor. The project manager and his senior team members are brainstorming to identify the WBS deliverables.” All of the following are benefits of the WBS EXCEPT?|
|Additional Information – One of the stakeholders on the project is a senior engineer considered as a subject matter expert. He reports into a separate function and is assigned part time to the project. The team is finding it difficult to get responses and guidance from this engineer on the project. What is the best approach for the project manager?|
|Additional Information – Which of the following is a benefit of stakeholder engagement?|
|Additional Information – A stakeholder register is a dynamic document. It should be reviewed and updated as project progresses. Which of the following is NOT a reason for updating the stakeholder Register?|
|Additional Information – The Project Manager has sent a meeting request to the Sponsor to discuss the project’s stakeholder management plan. The sponsor believes that only the scope, schedule and cost management plans are sufficient for such projects. Which of the following is the best response to this request?|
|Additional Information – “During feasibility study ABC Company management studied a list of internal projects envisioned. The management shortlisted projects to start with. The management analyzed the organization’s strategic objectives, investment required for the projects and the business need.” What additional aspect should be considered while making this decision?|
Refer Scenario 1 – The project manager is in the process of make or buy analysis for the deliverables in Stage 4. In which of the following scenario a customer would prefer outsourcing rather than developing the product In-house?
Refer Scenario 1 – For Stage 2 (Create a detailed design for the future Facilities staffing structure and a specification of the new hardware and software solution) the project manager plans to hire Restech resources on a per hour basis. This type of contract is typically known as …
Refer Scenario 1 – For the identified risks in the project, which of the following may be used as a risk mitigation tool?
|Additional Information – The project manager is in the process of creating a contract document for stage 4. The contract must have what two things?|
Refer Scenario 1 – During feasibility study Restech consultants were also considering the option of developing a highly specialized and complex system for automation. The system could be developed in latest technology available. There are only two suppliers who are capable of developing such a system. How should ABC Company initiate the procurements for this work?