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PM 586 Final Exam (Latest)

PM 586 Final Exam (Latest)

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PM 586 Final Exam (Latest) -

PM/586 Final Exam

1. In a strong matrix structure, employees take daily direction from:

  • Project manager only
  • Both, but the project manager has greater influence
  • Both, but the functional manager has greater influence
  • Functional manager only


2. If the schedule variance is positive and the cost variance is negative, the project’s status is:

  • Over budget and behind schedule
  • Under budget and ahead of schedule
  • Over budget and ahead of schedule
  • Under budget and behind schedule


3. Which category of projects would involve a large number of functional units where the workers may be assigned either part-time or full-time?

  • Special
  • Individual
  • Staff
  • Matrixed


4. Which type of chart provides the least “predictive” value?

  • PDM
  • ADM
  • PERT
  • Bar chart


5. Scope creep is generally the result of:

  • Too much detail in the specifications
  • Having too many levels in the WBS
  • Poorly defined SOW
  • Having the wrong people assigned to the project


6. Which of the following is the role of the PM rather than the role of the functional manager?

  • Where it will be done
  • How the work will be done
  • Who will do it
  • What work will be done


7. The balance between quality and cost is called:

  • Produceability
  • Salability
  • Availability
  • Operability


8. The EVMS term that represents the value of work actually accomplished is:

  • BAC
  • AC
  • EV
  • PV


9. Which of the following would be the first item to be discussed in the initial kickoff meeting for a project?

  • Understanding of the budget
  • Understanding of the schedule
  • Understanding of the requirements
  • Understanding of the plan


10. Quality is defined by the:

  • Project team
  • customer
  • Project manager
  • Project sponsor


11. Which of the following people has the greatest influence on how much authority a project manager will possess on a given project?

  • The project sponsor
  • The customer
  • The project manager’s line manager
  • The project manager himself / herself


12. A project manager desires a work breakdown structure that goes through 6 levels of detail. Level 3 through level 6 would most likely be prepared by:

  • Customer
  • Subject matter experts
  • Project manager
  • Project sponsor


13. In which project life cycle phase does quality begin?

  • Initiation / planning
  • Monitoring & control
  • Closure
  • Implementation


14. Project management restructuring allowed companies to manage projects that _____.

  • Had undefined objectives
  • Could not be handled by the traditional organization
  • Did not require effective cost control
  • Require little functional integration


15. Risk constitutes a lack of knowledge _____.

  • Of future events
  • About the estimates
  • About the customer’s requirements
  • About the environment


16. The two primary components of a risk are:

  • The probability and the impact
  • The impact and the event
  • The impact and the amount at stake
  • The event and the probability


17. Which of the following standard project estimating techniques is usually accomplished in weeks?

  • Engineering
  • Parametric
  • Analogy
  • Grassroots


18. The hardest part in creating a best practices library is:

  • Storage
  • Classification
  • Evaluation
  • Knowledge transfer


19. A typical project office (not to be confused with a project management office) responsible for the management of a large project includes the project manager and the:

  • Project sponsor and assistant project managers
  • Assistant project managers
  • Assistant project managers and functional managers
  • Project sponsor


20. Industries that have _____ tasks and operate in a _____ environment demonstrated the greatest need for project management.

  • Complex; Dynamic
  • Simple; Static
  • Complex; Static
  • Simple; Dynamic


21. Pricing out the construction cost of a home by a cost per square foot would be representative of a(n) _____ estimate.

  • Grassroots
  • Parametric
  • Engineering
  • Analogy


22. The collective term for the formal quality activities and processes is called:

  • Quality control
  • Quality visions
  • Quality assurance
  • Quality policies


23. The difference between the cost baseline and the contracted cost is the:

  • Profit
  • Management reserve
  • Cost of scope changes
  • Cost at completion


24. Plans such as the cost plan, schedule plan and quality plan are referred to as:

  • Subsidiary plans
  • Specialized plans
  • Integration plans
  • Functional plans


25. Companies can become reasonably mature in project management by designing the right support systems. In general, how much time usually elapses after maturity before a company becomes excellent in project management execution?

  • 2 years
  • 1 year
  • 5 years
  • 10 years


26. The best source of revenue for a customer-requested scope change is:

  • A customer-funded contract amendment
  • Profits
  • Management reserve
  • Undistributed budget


27. During the 1970s and 1980s, formal project management practices were put in place because the constraints were _____ and _____ boundaries had to be crossed

  • Tight; few
  • Tight; several
  • Loose; few
  • Loose; several


28. A charting technique designed to illustrate the inductive and deductive reasoning necessary to achieve some objective is called a _____ Diagram / network

  • Descriptive
  • Intuition
  • Gantt
  • Logic


29. Which of the following is often overlooked when planning and budgeting a project?

  • Customer’s milestones
  • Timing of the deliverables
  • Number of meetings with the customer
  • Cost and size of contractual documentation


30. What is the project sponsor’s responsibility with regard to the WBS preparation?

  • The sponsor should not be involved in WBS development.
  • Make sure all work packages are well-defined.
  • Make sure that the management levels of the WBS are correct.
  • Make sure that the technical levels of the WBS are correct.

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