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Q6: A phase end review can be held with the explicit goals of obtaining authorization
to close the current phase and to initiate the subsequent one... Phase end reviews are
also called phase exits, phase gates, or kill points.
Q14: Project managers or the organization can divide projects into phases to
provide better management control with appropriate links to the ongoing operations of
the performing organization. Collectively, these phases are known as the project
life cycle. Many organizations identify a specific set of life cycles for use on all of their
projects
Q17: The terms "Facilitating Processes" and "Core Processes" are no longer used.
These terms have been eliminated to ensure that all project management processes
and project management process groups have the same level of importance.
Q18: Justification: If the project will affect the physical surroundings, some team
members should be knowledgeable about the local ecology and physical geography
that could affect the project or be affected by the project.
pmstudy notes: Look out for words like "Always", "All the time", "Never" etc. which
suggest that there cannot be any exceptions - try to find out whether exceptions are
applicable to the particular situation. In this context, please note that several projects
do not impact physical surroundings (e.g. several IT projects may not have any impact
on physical surroundings)
Q54: The different steps that should be followed when a change is requested are as
follows:
a) Evaluate the impact of the change within the team
b) Be proactive - if the change can have negative impact on the project, try to
influence the factors that cause change so that only approved changes are
implemented
c) Communicate the impact of the change to the project sponsor and the customer
d) Take the project through the change control process by getting approval from the
project customer, project sponsor and other stakeholders. Also, please note that
additional funding is always provided by the project sponsor (not the project
customer), and that changes are usually approved or rejected by the change control
board
e) Get adequate resources required for the change as required
f) Implement the changes
Depending on options available in the question, you will have to make evaluate which
of the above steps you are currently following and evaluate the impact of the change.
Please note that you have completed the first step i.e. you have evaluated that impact
of the change.
Chapter 3: Scope
1. Allows looping
2. Allows for dummy tasks
3. Allows branching
4. Allows multiple project end results
Justification: Graphical Evaluation and Review techniques are similar to PERT but
have the distinct advantages of allowing for looping, branching, and multiple project
end results.
1. 10 days to 16 days
2. 7 days to 19 days
3. 12 days to 14 days
4. 11 days to 15 days
Q9: Simulation involves calculating multiple project durations with different sets of
activity assumptions. The most common technique is called Monte Carlo Analysis, in
which a distribution of probable results is defined for each activity and is used to
calculate a distribution of probable results for the whole project.
Q10:Activity attributes can also include the person responsible for executing the work,
geographic area or place where the work has to be performed, and the schedule type
activity such as level of effort, discrete effort and apportioned effort. These attributes
are used for project schedule development and for selecting, ordering, and sorting the
planned schedule activities in various ways within reports.
Q17: Since the tasks are not on the critical path of the project, we cannot determine
the PERT estimate for the duration of the project. The PERT estimate can only be
calculated for the critical path of the project.
Q20Heuristics (or rule of thumb), such as allocation of scarce resources to the critical
path first, can be applied to develop a schedule
Q24: Question: You are in the test phase of your software project, and the
project sponsor has requested a definitive measure of when your project will be
completed. The estimated duration (most likely) is 30 days. What will be an
appropriate estimate to give your sponsor?
1. 29 - 31 days
2. 24 - 36 day
3. 20 - 40 days
4. 15 - 45 days
* Definitive: + 5%
* Capital Cost: + 10-15%
* Appropriation: + 15 - 25%
* Feasibility: + 25 - 35%
* Order of Magnitude > + 35%
1. PERT
2. CPM
3. GERT
4. PDM
Justification: The critical path method calculates the theoretical early start and finish
dates, and the late start and finish dates, for all schedule activities without regard for
any resource limitations, by performing a forward pass analysis and a backward pass
analysis through the project schedule network paths.
Q Page 146
Justification: A project in the initiation phase could have a rough order of magnitude
(ROM) estimate in the range of -50 to 100%
Question: In your project, you are trying to estimate schedule activity costs by
determining the unit cost rates e.g. staff cost per hour. All the following could
be used to determine resource cost rates EXCEPT:
1. $ 112,000
2. $ 100,000
3. $ 80,000
4. $ 80,000
Justification: The interest rate (r) used to calculate Present Value of expected yearly
benefits and costs is the discount rate i.e. 12% in this example
1. Penalty
2. Expert
3. Legitimate
4. Referent
* Legitimate Power: The ability to gain support because project personnel perceive the
project manager as being officially empowered to issue orders.
* Reward Power: The ability to gain support because project personnel perceive the
project manager as capable of directly or indirectly dispensing valued organizational
rewards such as salary, promotion, bonus, future work assignments.
* Penalty Power: The ability to gain support because the project personnel perceive
the project manager as capable of directly or indirectly dispensing penalties that they
wish to avoid. Penalty power usually derives from the same source as reward power,
with one being a necessary condition for the other.
* Expert Power:The ability to gain support because personnel perceive the project
manager as possessing special knowledge or expertise.
* Referent power:The ability to gain support because project personnel feel personally
attracted to the project manager or project.
pmstudy.com comments: Referent power is because team members like the manner
in which project manager treats them.
Question: In a project life cycle, the least number of conflicts occur over:
1. Priorities
2. Schedules
3. Personality Conflict
4. Cost
Justification:
Justification:
Justification:
Justification:
Reference: pmstudy.com notes as mentioned above
Justification: Justification: Option 1 has all the tools which are used for Risk
Identification
Option 2 has Probability and Impact Matrix – this is used for Qualitative Risk Analysis
Option 3 has Expected Monetary Value – this is used for Quantitative Risk Analysis
Option 4 has Risk Exploitation – this is a strategy for Risk Response Planning