PROJECT MANAGEMENT MODULE (IFMA FMP) QUESTIONS AND ANSWERS

PROJECT MANAGEMENT MODULE
(IFMA FMP) QUESTIONS AND ANSWERS
Whichiattributeimostiaccuratelyidescribesiaiproject?i-
iTheicorrectiansweriis:iProjectsiareifinite.

Whatiisianiexampleiofihowiprojectimanagersiapplyisoundimanagementitechniques?i-
iTheicorrectiansweriis:itheyibreakidowniaitaskifurtheriifiitiremainsiatitheisameipercenti
completionidespiteireportediprogress.

Whichiisianiadvantageiofiusingiaistandardizediprojectimanagementimodel?i-
iTheicorrectiansweriis:iTheimodeliisiaiframeworkithatiprojectimanagersicaniadaptitoipr
ojectispecifics.

Initheiprojectimodel,iwhatidoioutputsifromitheiPlaniphaseibecome?i-
iTheicorrectiansweriis:iinputsitoitheiExecuteiphase.

Aiprojectiwillihaveiailongipaybackiperiod.iWhatishoulditheiprojectibeilinkeditoithusiincr
easingitheichancesitheiprojectiwillibeiapproved?i-
iTheicorrectiansweriis:iStrategicifacilityiplans

Whichiactivityiisisetibyipolicyiatitheistartiofiaiproject?i-
iTheicorrectiansweriis:iEstimating

Whatishouldiaifacilityimanageridoiatitheibeginningiofiairoutineiprojectitoiachieveisucce
ss?i-
iTheicorrectiansweriis:igenerateiaisharediunderstandingiofitheiendipurposeiofiaiprojec
t.

Whatiprincipleiisitrueiaboutitheistepsiinvolvediwhenidefiningiprojectisuccess?i-
iTheicorrectiansweriis:iSpecifyinginonessentialiparametersiisiasiimportantiasispecifyin
giessentialiones.

Whichidocumentimayiincludeidetailsisuchiasiadjacencyidiagrams,ispaceistandards,ian
diinformationionicurrentiandifutureistaffingicountiforibusinessiunits?i-
iTheicorrectiansweriis:iStatementiofirequirements

Iniwhatidocumentiwoulditheiprojectimanageribeiformallyilisted?i-
iTheicorrectiansweriis:iProjecticharter

, Whichiisitrueiaboutitheielementsiiniaiprojectiobjectivesistatement?i-
iTheicorrectiansweriis:iScheduleidocumentationionlyiincludesimilestonesiforihardideliv
eryidates.

Aniorganizationigathersidataionioccupantispaceirequirements,idesiredilocation,iandide
siredicostiperisquareimeteri(squareifoot).iWhatiotherifactorsishouldibeiconsiderediwhe
nilistingisiteiselectionicriteria?i-iTheicorrectiansweriis:iDesirediflooriplan/
stackingiplaniandidesirediamenities

Whichielementiisidevelopedifirst?i-
iTheicorrectiansweriis:iWorkiBreakdowniStructurei(WBS)

OfitheifollowingitermsirelateditoiaiWBS,iwhichistatementiisicorrect?i-
iTheicorrectiansweriis:iAitaskiisiaifunctionitoibeiperformedithatiisidetailedienoughiforip
roposalsitoiindicateicost,ischedule,iandireadinessiandicompletionicriteria.

Iniwhichischedulingimethodsiareiasimanyiactivitiesiasipossibleiconcurrentlyiperformed
?i-iTheicorrectiansweriis:iWaterfallimodelischeduling

Whichistatementiisitrueioficommunicationsimanagementiforianiofficeirelocation?i-
iTheicorrectiansweriis:iPost-
relocationiorientationibrochuresicanihelpiemployeesifinditheiriwayiaround.

Whichiroleihelpsiensureicontinuediseniorimanagement/clientisupportiofimajoriprojects?
i-iTheicorrectiansweriis:iProjectichampion

Whichistatementiisitrueioficontractidetails?i-
iTheicorrectiansweriis:iNonitypicalimaterialsioriinstallationimethodsishouldinotibeiinclu
dediinitheimainibodyiofiaicontractor'siproposal.

Whichipre-projectiactionsireduceiriskiandiincreaseitheiprobabilityiofiprojectisuccess?i-
iTheicorrectiansweriis:iPre-selecticontractors

Ifianiorganizationihasinarroweditheilistioficontractorsisubmittingiproposalsibutiisistilliha
vingitroubleidecidingibetweenithem,iwhaticouldihelp?i-
iTheicorrectiansweriis:iBidderipresentations

WhichistatementiisitrueiofitheiExecute,iMonitoriandiControliphasesiofitheiprojectimode
l?i-iTheicorrectiansweriis:iTheseiphasesiareiofteniconcurrentlyioriiterativelyiperformed.

Wheniprojectimanagersidetermineitheileveliofidataitoicollectiforimonitoringiandicontrolli
ngiprojectiwork,iwhatidoitheyinotineeditoiverify?i-
iTheicorrectiansweriis:iProjectiworkidelaysidueitoidataicollectioniareischeduled.