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ITPM Head First PMP

ITPM Head First PMP

ITPM Head First PMP

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This flashcard set covers advanced project management concepts at a university level, focusing on key aspects like project planning, risk management, and stakeholder communication. It delves into topics such as budgeting, scope management, and the role of a project manager in overseeing team activities and ensuring project success. Ideal for students and professionals aiming to enhance their project management skills, this flashcard set provides practical insights and multiple-choice questions to reinforce understanding of critical project management principles and processes.
Flashcards
256
Students
84
Language
English
Category
Computer Science
Level
University
Created / Updated
11.05.2014 / 12.08.2024
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Cartes-fiches

You’re managing a project, when your client tells you that an external problem happened, and now you have to meet an earlier deadline. Your supervisor heard that in a situation like this, you can use schedule compression by either crashing or fast-tracking the schedule, but he’s not sure which is which. What do you tell him?
You are managing a software project. Your QA manager tells you that you need to plan to have her team start their test planning activity so that it finishes just before testing begins. But other than that, she says it can start as late in the project as necessary. What’s the relationship between the test planning activity and the testing activity?
You’re managing an industrial design project. You’ve come up with the complete activity list, created network diagrams, assigned resources to each activity, and estimated their durations. What’s the next thing that you do?
Which of the following is NOT an input to Develop Schedule?
Three members of your project team want to pad their estimates because they believe there are certain risks that might materialize. What is the BEST way to handle this situation?
Which of the following tools is used for adding buffers to a schedule?
You’re managing an interior decoration project, when you find out that you need to get it done earlier than originally planned. You decide to fast-track the project. This means:
Slack is a synonym for:
You’re managing a construction project. You’ve decomposed work packages into activities, and your client needs a duration estimate for each activity that you come up with. Which of the following will you use for this?
What’s the correct order of the Time Management planning processes?
Which of the following is NOT a tool or technique used in Estimate Activity Durations?
You’re managing a project to build a new project management information system. You work with the team to come up with an estimate of 27 weeks. In the best case, this could be shortened by two weeks because you can reuse a previous component. But there’s a risk that a vendor delay could cause the project to be delayed by five weeks. Use PERT to calculate a three-point estimate for this project.
You’re managing a software project, when your customer informs you that a schedule change is necessary. Which is the BEST thing to do?
Your company has previously run other projects similar to the one you’re currently managing. What is the BEST way to use that information?
You’re planning the schedule for a highway construction project, but the final date you came up with will run into the next budget year. The state comes up with capital from a reserve fund, and now you can increase the budget for your resources. What’s the BEST way to compress the schedule?
You’re managing a software project. You’ve created the schedule, and you need to figure out which activities absolutely cannot slip. You’ve done critical path analysis, identifying the critical path and calculating the early start and early finish for each activity. Which activities cannot slip without making the project late?
You’re managing a construction project. You’ve decomposed work packages into activities, and your client needs a duration estimate for each activity that you came up with. Which of the following BEST describes what you are doing?
You are creating your Cost Performance Baseline. What process are you in?
You’re working on a project that has an EV of $7362 and a PV (Budgeted Cost of Work Performed) of $8232. What’s your SV?
You are managing a project for a company that has previously done three projects that were similar to it. You consult with the cost performance baselines, lessons learned, and project managers from those projects, and use that information to come up with your cost estimate. What technique are you using?
You are working on a project with a PV of $56,733 and an SPI of 1.2. What’s the Earned Value of your project?
Your company has two projects to choose from. Project A is a billing software project for the Accounts payable department; in the end it will make the company around $400,000 when it has been rolled out_to all of the employees in that department. Project B is a payroll application that will make the company around $388,000 when it has been put to use throughout the company. After a long deliberation, your board chooses to go ahead with Project B. What is the opportunity cost for choosing Project B over Project A?
Your company has asked you to provide a cost estimate that includes maintenance, installation, support, and upkeep costs for as long as the product will be used. What is that kind of estimate called?
You are working on a project with an SPI of .72 and a CPI of 1.1. Which of the following BEST describes your project?
Your project has a BAC of $4,522 and is 13% complete. What is the earned value (EV)?
A project manager is working on a large construction project. His plan says that the project should end up costing $1.5 million, but he’s concerned that he’s not going come in under budget. He’s spent $950,000 of the budget so far, and he calculates that he’s 57% done with the work, and he doesn’t think he can improve his CPI above 1.05. Which of the following BEST describes the current state of the project?
You are managing a project laying underwater fiber optic cable. The total cost of the project is $52/ meter to lay 4 km of cable across a lake. It’s scheduled to take 8 weeks to complete, with an equal amount of cable laid in each week. It’s currently week 5, and your team has laid 1,800 meters of cable so far. What is the SPI of your project?
During the execution of a software project, one of your programmers informs you that she discovered a design flaw that will require the team to go back and make a large change. What is the BEST way to handle this situation?
If AC (ACWP) is greater than your EV (BCWP), what does this mean?
A junior project manager is studying for her PMP exam, and asks you for advice. She’s learning about Earned Value Management, and wants to know which of the variables represents the difference between what you expect to spend on the project and what you’ve actually spent so far. What should you tell her?
You are managing an industrial architecture project. You’ve spent $26,410 so far to survey the site, draw up preliminary plans, and run engineering simulations. You are preparing to meet with your sponsor, when you discover that there a new local zoning law will cause you to have to spend an additional estimated $15,000 to revise your plans. You contact the sponsor and initiate a change request to update the cost performance baseline. What variable would you use to represent the $26,410 in an Earned Value calculation?
You are working on the project plan for a software project. Your company has a standard spreadsheet that you use to generate estimates. To use the spreadsheet, you meet with the team to estimate the number of functional requirements, use cases, and design wireframes for the project. Then you categorize them into high, medium, or low complexity. You enter all of those numbers into the spreadsheet, which uses a data table derived from past projects’ actual costs and durations, performs a set of calculations, and generates a final estimate. What kind of estimation is being done?
Project A has a NPV of $75,000, with an internal rate of return of 1.5% and an initial investment of $15,000. Project B has a NPV of $60,000 with a BCR of 2:1. Project C has a NPV of $80,000, which includes an opportunity cost of $35,000. Based on these projects, which is the BEST one to select:
What is the range of a Rough Order of Magnitude Estimate?
You are managing a software project, when one of your stakeholders needs to make a change that will affect the budget. What defines the processes that you must follow in order to implement the change?
You are managing a software project, when one of your stakeholders needs to make a change that will affect the budget. You follow the procedures to implement the change. Which of the following must get updated to reflect the change?
You are managing a project with a BAC of $93,000, EV (BCWP) of $51,840, PV (BCWS) of $64,800, and AC (ACWP) of $43,200. What is the CPI?
You are managing a project that has a TCPI of 1.19. What is the BEST course of action?
You are starting to write your project charter with your project sponsor when the senior managers ask for a time and cost estimate for the project. You have not yet gathered many of the project details. What kind of estimate can you give?
You are managing a project for a defense contractor. You know that you’re over budget, and you need to tell your project sponsor how much more money it’s going to cost. You’ve already given him a forecast that represents your estimate of total cost at the end of the project, so you need to take that into account. You now need to figure out what your CPI needs to be for the rest of the project. Which of the following BEST meets your needs?
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