Answers:

ANSWERS:
1. Answer: B
2. Answer: D
3. Answer:B
4. A
5. D
6. B
7. C
8. A
9. D
10. D
11. A
12. B
13. C
14. A
15. C
16. D
17. D
18. B
19. D
20. B
21. C
22. B
23. D
24. B
25. B
26. A
27. B
28. C
29. C
30. A
31. B
32. D
33. B
34. C
35. B
36. B
37. C
38. A
39. A
40. B
41. C
42. B
43. C
44. C
45. A
46. C
47. C
48. D
49. B
50. D
51. B
52. B
53. A
54. C
55. D
56. A
57. C
58. A
59. D
60. D
61. A
62. A
63. C
64. B
65. A
66. D
67. B
68. A
69. B
70. D
71. C
72. D
73. B
74. B
75. A
76. A
77. A
78. B
79. A
80. A
81. B
82. A
83. C
84. B
85. C
86. A
87. A
88. D
89. B
90. B
91. C
92. D
93. A
94. D
95. D
96. A
97. C
98. D
99. A
100. C
101. B
102. B
103. C
104. D
105. D
106. C
107. C
108. A
109. D
110. D
111. D
112. D
113. B
114. B
115. C
116. D
117. B
118. C
119. A
120. D
121. B(Explanation: The 'Delphi technique' is a commonly used tool to secure expert judgment while initiating a project.
'Peer review' is a project selection tool, 'Expected value' is a method quantitative risk analysis, and 'WBS' is a project-planning tool.

122. B
Explanation: Project III has an IRR of 15%, which means the revenues from the project equal the cost expended at an interest rate of 15%.
This is a definitive and a favorable parameter, and hence can be recommended for selection.
Project I have an unfavorable BCR and hence cannot be recommended.
Information provided on projects II and IV is not definitive, and hence neither of projects II and IV qualifies for a positive recommendation
123. C
Explanation: A WBS is a deliverable oriented grouping of project components that organizes and defines the total scope of the project.
124.
Answer: D
Explanation: A start-to-finish (SF) relationship between two activities implies that the completion of successor is dependent on the initiation of its predecessor.
A finish-to-start (FS) relationship between two activities implies that the initiation of successor is dependent on the completion of predecessor.
A finish-to-finish (FF) relationship between two activities implies that the completion of successor is dependent on the completion of predecessor.
A start-to-start (SS) relationship implies that the initiation of successor is dependent on the initiation of predecessor..
125.
Answer: B
Explanation: The project team must complete a scope statement for developing a common understanding of the project scope among stakeholders. This lists project deliverables - summary level sub-products, whose full and satisfactory delivery marks the completion of the project.
Scope verification is the process of securing a formal acceptance of the project scope by stakeholders.
Scope definition is the process of subdividing the major project deliverables into smaller, more manageable components.
A risk management plan involves setting up processes for identifying and dealing with project risks.
126.
Answer: A
Explanation: The organization's reputation being at stake, the threshold for such a risk would be very low.
Mitigation plan against an environmental contamination would mean reducing the impact, which may not be a plausible response.
Procuring an insurance against the risk would only transfer the monetary impact of the risk, and not the intangible impact like, the reputation of the organization.
Planning precautions against the occurrence would still leave an opportunity of occurrence.
This cannot be completely avoided.
The best option would be to drop the approach - that is, complete avoidance of the risk.
127.
Answer: B
Explanation: The critical path is the longest duration path through a network and determines the shortest time to complete the project. The PERT estimates of the tasks listed are 27, 22.5 & 26. Therefore, the length of the critical path of the project is 27+22.5+26 = 75.5.
The standard deviations of the estimates of the three tasks are determined as (P-O)/6 = 2, 3.83 & 2.67 respectively. The standard deviation of the total path is determined as Sq. root (sum of variances), where variance = square of standard deviation. Thus, standard deviation of critical path = Sq. root (4+14.67+7.13) = 5.08.
128.
Answer: D
Explanation: Determining validity of quality standards, followed by the project is a 'quality assurance' activity.
Compliance of work results to required specifications is a 'quality control' activity.
Determining quality standards is a 'quality planning' activity.
'Checking adherence to processes' is a quality audit activity to ensure that standard operating procedures or job instruction documents (SOPs or JIDs) are being followed for producing the deliverables of the process.
129.
Answer: D
Explanation: Individual development (managerial and technical) is the foundation of a team.
130.
Answer: A
Explanation: A Project plan is the basis of project plan execution and is a primary input.
Work authorization system is a tool used for orchestrating execution of various project tasks.
Whereas, Corrective and Preventive actions are inputs to the project plan execution process from various controlling processes
131.
Answer: A
Explanation: In a functional organization, the project team members have dual reporting to two bosses - the project manager and the functional manager.
In a weak matrix organization, the power rests with the functional manager.
In a balanced matrix organization, the power is shared between the functional manager and the project manager. A projectized organization is grouped by projects and the project manager has complete control on the project and its team.
A Tight matrix organization refers to co-locating the project team and has nothing to do with a matrix organization.
Therefore, a project manager would find it difficult to drive team development in a weak matrix organization.
132.
Answer: A
Explanation: Number of communication channels with "n" members = n*(n-1)/2
Originally the project has 25 members (including the project manager), which makes the total communication channels as 25*24/2 = 300.
With the addition of the quality professional as a member of the project team, the communication channels increase to 26*25/2 = 325.
Therefore, the additional channels as a result of the change, that is, 325-300 = 25.
133.
Answer: A
Explanation: Project records should be prepared for archiving by the appropriate parties.
134.
Answer: B
Explanation: Common formats for Performance Reports are, bar charts (also called Gantt Charts), S-curves, histograms and tables etc.
135.
Answer: A
Explanation: Positive Schedule Variance means the project is ahead of schedule; Negative Cost Variance means the project is over-budget.
136.
Answer: A
Explanation: The question is about correct accounting for risk events that occur and updating the reserves.
Reserves are meant for making provisions in cost and schedule, to accommodate for consequences of risk events.
Risk events are classified as "unknown unknowns" or "known unknowns", where "unknown unknowns" are risks that were are not identified and accounted for, while "known unknowns" are risks that were identified and provisions were made for them.
Provisions for "unknown unknowns" are in management reserves while those for "known unknowns" are accommodated in contingency reserves. Management reserves are at the discretion of senior management while the contingency reserves are at the project manager's discretion.
Residual and secondary risks are remaining unmitigated risks and resultant risks of mitigation, respectively. These are not reserves.
In this case, the risk event is one of the identified risks and therefore, 'contingency reserve' is the one where the cost and schedule impact would be accommodated in.
137.
Answer: B
Explanation: Archiving is the last step in the project closing.
138.
Answer: A
Explanation: 'Stakeholders' include everyone who are actively involved in the project or whose interests may be affected as a result of the project execution or completion.
The 'project team' creates the lessons learned on the project.
The role of the 'project office' depends on the function defined for it within the performing organization and it could be either facilitating best practices for all projects or could constitute the project team.
As lessons learned should capture all variations and what could have been done better for future deployment, 'stakeholders' should be involved in creation of lessons learned.
139.
Answer: C
Explanation: Understanding cultural differences is the first step towards an effective communication amongst the project team involving outsourced work from a different country. So, what is needed in this case is 'an exposure to the cultural differences', which is being mentioned as choice C.
Choice A, that is, 'a training course on the laws of the country' is a subject of legal experts and not of the project team.
Choice B, that is, ' a course on linguistic differences' would not serve the purpose of understanding and appreciating cultural differences, for better teaming.
Choice D, that is, 'a communication management plan' is a document that provides data gathering and dissemination amongst stakeholders of the project. It is necessary for the project but does not help in bridging communication gaps across different cultures
140.
Answer: D
Explanation: Choice D, that is, 'assess alternatives to meet the milestone' indicates confronting the issue with an attempt to resolve the issue. Hence this would be the best approach.
Choices A and C, that is, 'report the error and the expected delay' or 'report the error and the planned recovery actions' do not attempt to solve the problem.
An attempt to solve the problem is the next best thing to do in this situation, before reporting the issue correctly.
Choice B, that is, 'omit the status update on the milestone' is unethical.
141. D
142. C
143. A
144. A
145. C
146. A
147. C
148. C
149. D
150. B
151.
Answer: B
Explanation: Projects involve doing something that has not been done before and which is, therefore, unique. A product or service may be unique even if the category to which it belongs is large....
A project to bring a new drug to market may require thousands of doses of he drug to support clinical trials
152.
Answer: D
Explanation: Operations and projects differ primarily in that operations are ongoing and repetitive while projects are temporary and unique. A project can thus be defined in terms of its distinctive characteristics - a project is a temporary endeavor undertaken to create a unique product or service
153.
Answer: B
Explanation: Projects involve doing something that has not been done before and which is, therefore, unique. A product or service may be unique even if the category to which it belongs is large.
A project to bring a new drug to market may require thousands of doses of he drug to support clinical trials.
154.
Answer: D
Explanation: For many projects, standards and regulations (by whatever definition) are well known and project plans can reflect their effects. In other cases, the influence is unknown or uncertain and must be considered under Project Risk Management
155.
Answer: A
Explanation: A program is a group of projects managed in a co-ordinated way to obtain benefits which are not available from managing them individually. Many programs also involve elements of ongoing operations.
156.
Answer: D
Explanation: Pfeffer defines power as "the potential ability to influence behavior, to change the course of events, to overcome resistance, and to get people to do things that they would not otherwise do."…The negative sense, of course derives from the fact that attempts to reconcile these interests result in power struggles and organizational games that can sometimes take on a thoroughly unproductive life of their own.
157.
Answer: D
Explanation: For many projects, standards and regulations (by whatever definition) are well known and project plans can reflect their effects. In other cases, the influence is unknown or uncertain and must be considered under Project Risk Management.
158.
Answer: D
Explanation: Pfeffer defines power as "the potential ability to influence behavior, to change the course of events, to overcome resistance, and to get people to do things that they would not otherwise do."…The negative sense, of course derives from the fact that attempts to reconcile these interests result in power struggles and organizational games that can sometimes take on a thoroughly unproductive life of their own.
159.
Answer: D
Explanation: The conclusion of a project phase is generally marked by a review of both key deliverables and project performance to date, to a) determine if the project should continue into its next phase and b) detect and correct errors cost effectively. These phase-end reviews are after called phase exits, stage gates or kill points
160.
answer: C
Explanation: Project Office: There is a range of uses for what constitutes a project office. A project office may operate on a continuum from providing support functions to project managers in the form of training, templates, etc. to actually being responsible for the results of the project

161.Market survey shows that, the community demand for water purifiers is highest during rainy season. Your company has a state-of-art product available for the same.
You will--------
a)Enhance the business size
b)Exploit the Market
c)Accept market demand
d)Define new polices for better sales

Answer=Enhance the business size
Comment =enhancing means modifying the size of business


162.which of the following is the disadvantage of analogous estimating?
Cumbersome and time consuming
All then tasks needs to be identified
Less accurate

Answer...less accurate


Comments...since and estimate uses expert judgement or itme and cost of a similar project pas the basis, it is accurate, whereas the other points are exactly opposite in nature.

163.which of the following model uses a mathematical model to predict project cost or to estimate?
Analogous estimation
Bottom up estimation
parametric estimation
None of the above

Answer.... Parametric estimation


Comment... Parametric estimation technique involves using project characteristics or parameters in a mathematical model to predict total project costs

164.answer...VAC
Comment... Definition of variance at completion


165.Both, the cost and accuracy of the parametric models are most likely to be reliable when....
The historical information used to develop the model is accurate
The parameters in the model used are readily qualifiable
The model is scalable
All of the above


Answer....all of the above

166.you are performing reverse analysis as part of the cost budgeting. Which of the following is true about management contingency reserves....

Management contingency reserves are part of the project cost baseline
Management contingency reserves are not included in the budget of the project
Management contingency reserves are part of the EV calculations
Management contingency reserves ate not distributed as budget

Answer..... Management contingency are not distributed as budget

Comment... Management contingency are not a part of the cost baseline, but are included in the budget for the project. They ate distributed as budget and therefore ate not part of EV calculations

167.communications are more effective in...
Projectized organizations
Functional organizations
Weak matrix
The type of organization does not matter

Answer... Projectized organizations


Comment... The project manager has complete control in projected organizations and hence the communication is effective in these Tula of organizations.



168. In a strong matrix organization there is a fear that a project manager may get devalued....

This statement is true
This statement si false
It depends on the project that is being handled
It depends in the senior management

Answer....this statement is false

Comment.... A strong matrix organization have characteristics of a projected organization and have full time project managers with considerable authority.

169.in a week matrix, a project has high visibility to top management.

True
False

Answer...false


Comment... In a weak matrix, project manager role is more of a coordination and has less visibility at the top management.

170.a formal structure that supports project management within an organization is known as.....
Project office
PMO
Option1 and option2
None of the above


Answer..option1 and option2


171. Seven consecutive points on one side of control limits indicate that the process is out of control.....


This statement is true
This statement is false
It depends on how the control limits are defined
This condition cannot occur

Answer...this statement is true


172. Which of the following statements about the histogram is true?

Histogram is a bar chart showing a distribution of variables
The height of each column in a histogram, represnts the absolute frequency of the characteristic
The height of each column in a histogram, represents the relative frequency of the characteristic
1 and 3

Answer...1 and 3



173.Which of the following about scatter diagram is true?
Scatter diagram is plotted between two independent variables
In a scatter diagram, depended versus independent variables are plotted
Closer the points are to a diagonal line, the. Ore closely they are related
2 and 3

Answer...2 and 3

174. With respect to standard and regulation, which of the following is true?
Compliance to standard is not mandatory, whereas compliance to regulation is
Compliance to regulation is not mandatory, whereas compliance to standard is
Compliance to regulation and standard is mandatory
Compliance to either regulation or standard are not mandatory

Answer.... Compliance to standard is not mandatory, whereas compliance to regulation is

175. One of the following is not a quality GURU
Deeming
Juran
Taguchi
Crosby


Answer...taguchi

Comment...deeming,Judah and crosby are considered as quality gurus


176.quality is a conformance to requirements, is said by...
Deming
Juran
Taguchi
Crosby

Answer...Crosby


177.your friend is posing as a PMP and delivering sessions on PMI forums. As a PMP, which of the following you will do FIRST?

Inform PMI
Support your friend to become PMP
You cannot help of someone is unethical
You will ignore the information

Answer...inform PMI

Comment... This is an ethics question and PMIshould be informed
178. As per the table BAC is....

Task 1: $2000(estimate to be completed by 30th sept)
Task 2: $1500(estimate to be completed by 30th sept)
Task 3: $1000(estimate to be completed 50% by 30th sept)
task 4: $900 (estimate to be completed 10% by 30th sept)
Task 5: $1000 (estimate to be completed by 30th sept)

1.6090
2.6400
3.4700
4.4500

correct answer:6400
179.A(The first iteration of the project schedule, based only on dependency relationships and activity durations, only indicates the most optimistic schedule assuming unlimited resources. Since this is rarely the case, the next step is to determine resource availability and the impact of external constraints so that the schedule can be appropriately adjusted. [6.5.2])
180.A(The first iteration of the project schedule, based only on dependency relationships and activity durations, only indicates the most optimistic schedule assuming unlimited resources. Since this is rarely the case, the next step is to determine resource availability and the impact of external constraints so that the schedule can be appropriately adjusted. [6.5.2]
181.B(The first iteration of the project schedule, based only on dependency relationships and activity durations, only indicates the most optimistic schedule assuming unlimited resources. Since this is rarely the case, the next step is to determine resource availability and the impact of external constraints so that the schedule can be appropriately adjusted. [6.5.2]
182.C(The first iteration of the project schedule, based only on dependency relationships and activity durations, only indicates the most optimistic schedule assuming unlimited resources. Since this is rarely the case, the next step is to determine resource availability and the impact of external constraints so that the schedule can be appropriately adjusted. [6.5.2]
183.D(Organizational cultures are reflected in numerous factors such as shared values, norms, beliefs and expectations, policies and procedures, view of authority relationships and work ethic and work hours. [2.3.2]
184.C(Status review meetings should also be used to look ahead at upcoming deadlines, identify possible new risks or looming problems, and ensure that everything is in place for the work that is to be completed. [10.3.3.3]
185.A(In a fixed-price with incentive contract, the buyer offers an additional fee based upon the seller providing something beyond the basic terms and conditions (quicker completion, higher quality, etc.). The additional value represents an opportunity cost to the buyer but little additional risk since, if the additional value is not delivered, he does not have to pay anything. Garrett, pp. 89-92 [12.1.2.3]
186.A(This is the glossary definition. [Glossary]
187.D(“Control charts may serve as a data gathering tool to show when a process is subject to special cause variation, which creates an out-of-control condition.” [188.3.2.2]
189.B(Other items in the risk register include specific implementation actions, symptoms and warnign signs of risk (triggers), residual and secondary risks, a watchlist of low priority risks, and the time and cost contingency reserves. [11.6.1.2]