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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:

Activities done repeatedly over time will become more efficient, increase in quality and will be found to be less demanding by the performing people. This is known as the

A) Learning Curve Theory. B) Continuous Improvement Theory.
C) Six-sigma Theory. D) Homeostasis Theory.
 
Answer & Explanation Answer: A) Learning Curve Theory.

Explanation:

Answers B and C belong to quality management, and answer D was formulated by Elizabeth Duffy and suggested that we all try to adjust our lives so that we have a dynamic balance (homeostasis) between challenge and relaxation. Kerstner, Chapter 18

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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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Q:

Three partners shared the profit in a business in the ratio 4:6:8. They had partnered for 12 months, 8 months and 6 months respectively. What was the ratio of their investments?

A) 4:6:8 B) 4:7:8
C) 4:8:16 D) 4:9:16
 
Answer & Explanation Answer: D) 4:9:16

Explanation:

Let their investments be Rs. x for 12 months, Rs. y for 8 months and Rs. z for 6 months respectively.

Then, 12x : 8y : 6z = 4 : 6 : 8

Now, 12x/8y = 4/6   <=>   9x=4y   <=>   y=9x/4

And, 12x/6z = 4/8   <=>   4x=z     <=>    z=4x

Therefore, x : y: z  =  x : 9x/4: 4x  =  4 : 9 : 16

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Q:

A statistical method for identifying which factors may influence specific variables of a product or process under development or in production is called

A) cost benefit analysis. B) sensitivity analysis.
C) cost of quality analysis. D) design of experiments.
 
Answer & Explanation Answer: D) design of experiments.

Explanation:
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Q:

The project manager meets with the project team to review lessons learned from previous projects. In what activity is the team involved?

A) Performance management B) Scope identification
C) Risk identification D) Project team status meeting
 
Answer & Explanation Answer: C) Risk identification

Explanation:
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