UOP PM586/PM 586 Final Exam 2015 (100% Score) - 93030

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Question 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.
Solution Description

Question

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

Wh

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