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Q:

In the Determine Budget processes the project schedule

A) is not one of the inputs to these processes. B) is used to allocate the project budget to the various project activities.
C) is used to assign costs to the time period when the costs will be incurred D) is used to determine the size of the contingency component of the budget after all scheduled costs are accounted for.
 
Answer & Explanation Answer: C) is used to assign costs to the time period when the costs will be incurred

Explanation:

“This [project schedule] information can be used to aggregate costs to the calendar periods when the costs are planned to be incurred.” PMBOK [7.2.1.4]

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Q:

Report Performance is a member of which process group?

A) Controlling B) Planning
C) Executing D) Closing
 
Answer & Explanation Answer: A) Controlling

Explanation:

The processes in the controlling group are Verify Scope, Control Scope, Control Schedule, Control Costs, Perform Quality Control, Report Performance, Monitor and Control Risks, and Administer Procurements.

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Q:

Which of the following is not true about bottom-up estimating?

A) The WBS must be accurate and complete before this process can be used. B) Since the cost is largely independent of the desired accuracy it is the methodology of choice.
C) Its accuracy increases if the activities are smaller. D) It is not a useful methodology in the early project planning phase.
 
Answer & Explanation Answer: B) Since the cost is largely independent of the desired accuracy it is the methodology of choice.

Explanation:

“The cost and accuracy of bottom-up cost estimating is typically influenced by the size and complexity of the individual activity or work package.” PMBOK [7.1.2.4]

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Q:

George is very open with his team members. He invites questions and discussion, and encourages new suggestions and ideas. He considers all this carefully before making any but the most minor project decisions, but ultimately chooses the course he personally believes is the right one. His leadership style is best characterized as

A) Democratic B) Consultative
C) Participative D) Benevolent
 
Answer & Explanation Answer: C) Participative

Explanation:

The Participative leadership style is characterized by 1) allowing a great deal of freedom in identifying problems and solutions, 2) working closely with subordinates, 3) allows extensive participation, but 4) reserving to him/herself the final decision. The consultative style is not so open, with discussion more focused around the leader’s uncertainties than asking for new ideas.

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Q:

Assuming that the phases in a project are concept, development, implementation and termination, which phase typically has the highest degree of uncertainty?

A) Concept B) Development
C) Implementation D) Termination
 
Answer & Explanation Answer: A) Concept

Explanation:

The first phase in a project always has the greatest degree of uncertainty because at this point in time the product is the least well defined. PMBOK, See figure 2-2. [2.1.1]

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Q:

The schedule performance index (SPI) is calculated as

A) Planned Value (PV) divided by Earned Value (EV) B) Earned Value(EV) divided by Planned Value (PV)
C) Project duration divided by Earned Value divided by Planned Value (Duration/(EV/PV)) D) Earned Value (EV) minus Planned Value (PV)
 
Answer & Explanation Answer: B) Earned Value(EV) divided by Planned Value (PV)

Explanation:

Answer A is reversed. Answer C is sometimes mistakenly used to forecast project completion (it’s invalid because it does not take into consideration which completed tasks are on the critical path). Answer D is the definition of Schedule Variance. 

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Q:

The procurement documents to be used, the supplier management processes and the types of contracts that will be used are to be found in which document?

A) Solicitation management plan. B) Contracting management plan.
C) Organizational policies. D) Procurement management plan.
 
Answer & Explanation Answer: D) Procurement management plan.

Explanation:

Key elements in the procurement management plan are enumerated in this PMBOK section. [12.1.3.1]

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Q:

Which of the following is usually not considered a goal of portfolio management?

A) To manage the effective and efficient use of resources. B) To balance the portfolio among incremental and radical investments.
C) To maximize the value of the portfolio by careful examination of candidate projects and exclusion of those no meeting strategic objectives. D) To ensure that the relationship between projects in the portfolio clearly reflects strategic objectives.
 
Answer & Explanation Answer: D) To ensure that the relationship between projects in the portfolio clearly reflects strategic objectives.

Explanation:

There is not necessarily a relationship between projects in a portfolio. Answer D is actually one of the goals of PROGRAM management. PMBOK Guide [1.4]

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