Question 1
Question 1
A financial related activity that must be performed during the closing phase is assuring that:
all payments have been collected from the customer.
the personnel responsible for financial work is identified.
total budgeted costs are calculated.
the quarterly payments are invoiced.
Question 2
__________ is a defined set of actions to prevent or reduce the likelihood of occurrence or the impact of a risk, or to implement if the risk event occurs.
Risk assessment
A risk response plan
Risk management
Risk control
Question 3
Some level of risk planning should be done during the __________ phase of the project life cycle to make sure that a contractor understands the risks involved with bidding on a proposed project. With knowledge of potential risks, the contractor can include contingency or management reserve amounts in the bid price.
closing
initiating
performing
planning
Question 4
The purpose of identifying and documenting lessons learned is to capitalize on the knowledge and experience gained on the project in order to:
improve performance on future projects.
establish a procedure of identification and documentation.
create a large database of information.
keep project team members busy.
Question 5
The __________ is a rating of low, medium, or high based upon the expected probability of a risk occurring during the project.
likelihood of occurrence
priority order
action trigger
mitigation plan
Question 6
The process of closing the project involves various actions, including:
having staff get to know each other.
assigning staff to activities.
recognizing and evaluating staff.
examining and estimating costs associated with staff.
Question 7
Risks are prioritized based on the:
priorities set in a different project.
likelihood of occurrence and degree of impact.
gut feeling of the project team.
order they are identified.
Question 8
The purposes of a/an __________ should be to determine whether the project provided the customer with the expected benefits, assess the level of customer satisfaction, and obtain any feedback that would be helpful in future business relationships with this customer or with other customers.
analysis session with the project team
pre-RFP meeting with the customer
project progress meeting with project stakeholders
post-project evaluation meeting with the customer or sponsor
Question 9
The project manager should prepare a written performance evaluation of each member of the project team that mentions how each has:
Question 10
A risk is an uncertain event that, if it occurs:
must be accepted.
helps to achieve the project objective.
can jeopardize accomplishing the project objective.
must be avoided.
Question 11
The project organization should establish a __________ that includes an easily accessible repository that encourages project managers and teams to retrieve lessons learned and information from previous projects.
document storage routine
knowledge base system
revision process
file structure
Question 12
Risks may change as the project progresses and should be reflected in the:
risk management strategy.
risk response plan.
Risk Assessment Matrix.
action trigger point.
Question 13
Verifying that all payments have been made to any subcontractors, consultants, vendors, or suppliers for any purchased materials or services is completed during the __________ the project phase.
evaluating
controlling
performing
closing
Question 14
The __________ is a rating of low, medium, or high based on the expected level of change in completing the project's objective if the risk were to occur during the project.
degree of impact
priority order
action trigger
mitigation plan
Question 15
During the __________ the project phase, the project team or contractor should ensure that copies of appropriate project documentation are properly organized, filed, and archived so that they can be readily retrieved for future use.
performing
closing
evaluating
controlling
Question 16
As part of, or in addition to, the documents in the archive, it can be valuable to create a database of common data elements from past projects in order to analyze and determine if there are trends or correlations that:
Question 17
__________ involves developing an action plan to reduce the likelihood of occurrence or potential impact of each risk, establishing a trigger point for when to implement the actions to address each risk, and assigning responsibility to specific individuals for implementing each response plan.
Risk impact statement
Risk assessment
Risk management strategy
Risk response planning
Question 18
At the __________ meeting with the project team at the end of the project, the project manager should lead a discussion of what happened during performance of the project and solicit specific recommendations for improvement.
project progress
individual
activity specific
group
Question 19
A common approach to identifying the sources of risks is:
brainstorming.
developing a contingency plan.
elaboration.
evaluating the probability.
Question 20
Track and document which risks __________ and the impact of those risks.
may affect the critical path
were avoided
had the highest priority
actually occurred
Section 2
Question 21
The project manager has primary responsibility for __________ in planning, organizing, and controlling the work effort to accomplish the project objective.
making all the decisions
providing leadership
doing the paperwork
impeding
Question 22
For the __________ approach to work, it is necessary to have a healthy project environment.
Accommodating or Smoothing
Competing or Forcing
Avoiding or Withdrawing
Collaborating, Confronting, or Problem Solving
Question 23
An important aspect of the project manager's job is to manage and control:
the customer's financial situation.
changes.
how the project team completes tasks.
how stakeholders feel about the project.
Question 24
In the __________ approach, each person must approach the conflict with a constructive attitude and a willingness to work in good faith with the others to resolve the issue.
Question 25
The __________ has to first establish the criteria against which alternative solutions will be evaluated.
problem-solving team
customer
project team
project manager
Question 26
The project manager communicates the objective to the project team in such a manner as to create a vision of:
Question 27
The second stage of team development is known as:
performing.
storming.
forming.
norming.
Question 28
Although the __________ approach may make a conflict situation livable, it does not resolve the issue.
Competing or Forcing
Accommodating or Smoothing
Avoiding or Withdrawing
Collaborating, Confronting, or Problem Solving
Question 29
Once the best solution has been selected, it's necessary to next:
Question 30
In the __________ stage of team development, team members now begin to test the limits and flexibility of the project manager and the ground rules.
forming
performing
norming
storming
Question 31
Project teams should be kept __________ throughout the project.
Question 32
In the __________ approach, the split solution may not be the optimal one.
Question 33
In the __________ stage of team development, the group begins to establish an identity and attempts to define and plan the tasks that need to be done. Little actual work is accomplished.
forming
performing
norming
storming
Question 34
__________ involves securing the appropriate resources to perform the work.
Initiating
Fostering
Organizing
Planning
Question 35
The project manager clearly defines the project objective and reaches agreement with the __________ on this objective.
stakeholders
customer
project team
suppliers
Question 36
__________ should develop the planning information or implement the best solution to a problem.
Question 37
The project manager needs to be sure that __________ won't casually agree to changes that may require additional person-hours.
stakeholders
team members
organizational management
the customer
Question 38
A potential conflict on projects is Organizational Issues. There may be disagreement over all the following EXCEPT:
Question 39
It is the responsibility of the __________ to make sure that the customer is satisfied that the work scope is completed in a quality manner, within budget, and on time.
stakeholders
project authority
project team members
project manager
Question 40
Once the __________ is complete, the organizing responsibilities begin.
fostering
planning
initiating
organizing
ANSWER WILL BE SENT ON EMAIL.
