Question

NO EXPLANATION NEEDED, JUST ANSWER.

A senior manager is in the process of selecting a project manager for a new initiative that is very important for the company’s future. What is the key factor in choosing a project manager?

The project manager should be the most technically competent person on the team

The PM works well with various levels of management

The project manager should be the functional manager of the most people on the team

The project manager must be strong enough to enforce rules on the stakeholders.

The mayor of a town was recently elected with a campaign promise of a chicken in every pot. The mayor wants to buy frozen poultry to give to the town citizens in the public square. The mayor appoints two members of the town council to study the idea and make written recommendations. What is the project selection criterion being used to see if the mayor’s campaign promise is feasible?

Operating necessity

Weighted factor

Sacred cow

Competitive necessity

A project manager has anticipated several scenarios that might adversely affect the cost of the project. In response, the project manager has allocated money to address these issues should they occur. What is the component of the budget called?

Padding the budget

Contingency reserves

Management reserves

Activity cost estimates

A news corporation has decided to implement a new accounts receivable system. The vendor will be responsible for training the staff and for implementation. The vendor’s project manager has submitted a preliminary WBS for that portion of the project. The activities in a small section for the WBS are shown below.

WBS ID        Description

1. AR system onsite training
   1. Pre-trip preparation
      1. prepare pre-trip report
      2. provide pre-trip report to client
   2. complete A.R. application training
2. Basic report writing training

The project sponsor asks for a deliverable related to technical training for the database administrators in the IT department who will be backing up and maintaining the database servers. Under which WBS ID does this technical training locally belong?

1.2.1

3.0 – answer: it belongs to 3.o of the WBS ID which shall come after all the preliminary operations are done.

1.1.3

2.1

A couple is planning an outdoor summer wedding at a popular resort. There is a chance of rain on the wedding day. The wedding planner makes arrangement to move the wedding to a smaller indoor function room at the … in the event of inclement weather. What strategy is the wedding planner sing to address the risk of rain on the wedding day?

Risk transference

Risk mitigation

Risk acceptance

Risk avoidance – as risk avoidance according to its definition seeks to avoid compromising events entirely

Integrated Materials Inc. is initiating a project to replace its mainframe computer systems. While discussing the software with the IT director, the Project manager concludes that there is significant risk of cost overruns as a result of enhancements. What can the PM do to avoid the risk of cost overruns?

Gain approval to reduce the scope

Outsource the software development

Hire additional programmers for the project

Authorize overtime in the IT department = implementing overtime suits the best in this situation, as it is less costly for the company than other options provided. Other sources require additional cost implementation or drop the plan as a whole.

A local government notices that a 10-foot deep sinkhole appeared in the middle f a main road in town. The town council decides to authorize a project to fill in the sinkhole and repair the road. What is the project selection criterion being used to authorize the repair of the road?

Operating necessity

Weighted factor

Competitive necessity

Sacred cow

During which life cycle phase does formal acceptance of the project product occur?

Executing

Closing

Planning

Defining

To the tea’s surprise, the tasks on the critical path are taking less time than scheduled. It now appears that the project completion will occur much earlier than the expected completion date. What is the impact on the schedule?

The project will finish early, and there is a negative schedule variance

The project will finish early, and there is a positive schedule variance

The schedule performance index is less than 1

The schedule performance index is greater than 1

Answer 1

Q1. A senior manager is in the process of selecting a project manager for a new initiative that is very important for the company’s future. What is the key factor in choosing a project manager?

ANSWER: The PM works well with various levels of management

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Q2. The mayor of a town was recently elected with a campaign promise of a chicken in every pot. The mayor wants to buy frozen poultry to give to the town citizens in the public square. The mayor appoints two members of the town council to study the idea and make written recommendations. What is the project selection criterion being used to see if the mayor’s campaign promise is feasible?

ANSWER: Sacred cow

In sacred crow criterion, project is suggested or initiated by a senior and powerful person.

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Q3. A project manager has anticipated several scenarios that might adversely affect the cost of the project. In response, the project manager has allocated money to address these issues should they occur. What is the component of the budget called?

ANSWER: Contingency reserves

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Q4. A news corporation has decided to implement a new accounts receivable system. The vendor will be responsible for training the staff and for implementation. The vendor’s project manager has submitted a preliminary WBS for that portion of the project. The activities in a small section for the WBS are shown below.

WBS ID Description 1. AR system onsite training 1.1. Pre-trip preparation 1.1.1. prepare pre-trip report 1.1.2. provide pre-trip report to client 1.2. complete A.R. application training 2. Basic report writing training

The project sponsor asks for a deliverable related to technical training for the database administrators in the IT department who will be backing up and maintaining the database servers. Under which WBS ID does this technical training locally belong?

ANSWER: 1.2.1

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Q5. A couple is planning an outdoor summer wedding at a popular resort. There is a chance of rain on the wedding day. The wedding planner makes arrangement to move the wedding to a smaller indoor function room at the … in the event of inclement weather. What strategy is the wedding planner using to address the risk of rain on the wedding day?

ANSWER: Risk mitigation