Exam 2: Project Management: Cost, Framework, Responsibility, Scope, and Time

Terry is managing a project at a top construction firm. Her project team includes Tammy and Sal. She's also in constant contact with Burt (her client), Ben (her Direct Manager) and Peter (PMO Officer). Who are the stakeholders in this project?

Kennedy is utilizing the Precedence Diagramming Method to spec out the first phase of his project at the Tiny Titans Tech Company. This phase of the project involves starting the design for a new website, but he must wait four weeks before he can upload any content. Which method best describes the relationship between these activities?

What describes the Executing Process Group?

Select all that apply - a WBS dictionary can contain which of the following:

a Work Breakdown Structure (WBS) typically contains a detailed description of all of the work packages.

What are Key Performance Indicators used for at the strategic-plan level?

Finn's boss asked him to put together a list of SMART key performance indicators for their organization, Iron Man, Inc. Which of the following lists correctly identifies SMART indicators?

When is the project manager using parametric estimation?

The CPI of project is .90, and the EV is $90,000. How much money has actually been spent on the project?

Michael is looking at a network diagram he's just created for his project. He sits with Tito, a team member and relays important facts about the project utilizing the diagram. Which of the following does not represent the benefits of using a network diagram?

Lance Uppercut has been on the job for one week as a Project Manager. He's been advised to safeguard confidential information at all cost. One day, he's approached by a coworker who claims to need confidential information that Lance is privy to. What is Lance's best option as to what to do?

When is the project manager using analogous estimating?

What does the 50/50 rule of progress tracking imply?

This is based on a real scenario at a Japanese investment bank. You have discovered a major complex case of international fraud at the company in the course of executing a project. You have reported it to your manager and were not satisfied by his lack of response. What should your NEXT action be?

What is a murder board? Select all that apply:

What is true of corrective action?

What does the 20/80 rule of progress tracking imply?

The lower the better for Schedule Performance Index (SPI) and Cost Performance Index (CPI).

Which of the following is NOT true about the Project Statement of Work?

Which situation below would most negatively impact Rick's personal integrity as a Project Manager?