iPC Questions and Complete Solutions Graded A+

iPC Questions and Complete Solutions Graded A+ 1.The key objective/s when implementing the iPC Framework for an SI contract is/are ... A. Establish a single source of truth for Management information B. Define predictable delivery management processes C. Establish fit for purpose metrics reporting D. All of the above - Answer: D. All of the above The iPC "Execute" stage helps to... A.Generate and analyze the metrics data for effective decision making B. Integrate processes as per the iPC solution plan C. Establish the tooling for project execution D. All of the above - Answer: A. Generate and analyze the metrics data for effective decision making What BEST describes the iPC framework implementation for any SI contract? A. Develop and deliver communication and training to enable the program B. Adopt a cost effective, fit for purpose integrated delivery management solution C. Use of mandatory PPM tools - Jira and MSPS D. Provide Commercial Project Management (CPMO) offerings - Answer: B. Adopt a cost effective, fit for purpose integrated delivery management solution What is the BEST way to represent the overall risk impact and probability on the Risk Dashboard? A. Risk Heatmap B. Risk Ranking C. Risk Register D. All of the above - Answer: A. risk heat map The formula for Estimate at Completion (EAC) is ... A. ETC + EV B. ATD + ETC C. ETC + PV D. BAC - ATD + ETC - Answer: B. ATD + ETC Whilst the projects delivery lead is on a planned vacation, the client has requested for a major change request. As an iPC Practitioner, select the BEST approach to identify the right team members to evaluate this requested change? A Do not take any action as delivery lead is on vacation B. Identify the impacted artifacts / deliverables from the Requirement Traceability Matrix and approach the respective leads C. Send an email to all functional leads to gather the inputs D. Discuss this change request in a meeting which is planned in two weeks time - Answer: B. Identify the impacted artifacts / deliverables from the Requirement Traceability Matrix and approach the respective leads The project's Delivery lead has realized that 95% of the overall budget has been consumed against a planned budget of 80%. The project has 4 months to complete. What is the FIRST step that you would recommend as an iPC Practitioner? A. immediately roll off onshore SMEs to reduce the project payroll cost B. Re-forecast the remaining efforts and expenses in MME C. Analyze data and identify the root cause of budget overrun to recommend corrective actions to delivery lead D. Work with the client to negotiate the scope - Answer: C. Analyze data and identify the root cause of budget overrun to recommend corrective actions to delivery lead Which of the following statement(s) is/are true? Statement A : The Requirement Traceability Matrix can be used to identify missing artefacts or deliverables related to delivery phases. Statement B : Requirement Traceability Matrix is one of the key artefacts to ensure all agreed requirements are getting delivered throughout the project life cycle. A. Statement A B. Statement B C. Both A and B D. Neither - Answer: C Solution Contingency (SC) is to be used for: A. To cover risks that could not be fully identified prior to contract execution B. When a client or third party dependency is not delivered on time C. Additional efforts to fix quality issues D. For including work from approved Change Request E. Both A & C - Answer: D. For including work from approved Change Request 10.As an iPC Lead, you are performing a solution review for a SAP Contract which is expected to be delivered within 5 months and the Total Contract Value is more than USD 10M. Which of the tools listed below is mandatory for your contract? A. AIDT JIRA B. JIRA Atlassian Cloud C. myConcerto DDP Platform, plus ALM Tool D. None of the above - Answer: C. myConcerto DDP Platform, plus ALM Tool Which option best describes a "Milestone"? A Significant event in the project life cycle B. Activity with duration C. Must have client sign-off D. Both A and C - Answer: A Significant event in the project life cycle 18.As an iPC Practitioner - what would be a KEY deliverable/document to track mapping of business requirements and test cases? A. Project Performance report B. Requirement Traceability Matrix C. Test coverage report D. Defect reports - Answer: B. Requirement Traceability Matrix 19.After the start of a sprint, the Product Owner (PO) wants to add one business critical story to the current sprint. Which of the following options is the BEST answer for the Scrum Team to provide to the Product Owner? A. Include it in the backlog considering the criticality of the story and extend the duration of the Sprint B. Include in the sprint only if the Product Owner removes another item of equal size which is not yet started C. Consult with the Scrum Master to convince the Product Owner to reject this story D. Add the story as a stretch target for the sprint, but make no commitment - Answer: B. Include in the sprint only if the Product Owner removes another item of equal size which is not started Which term below represents the outstanding effort/cost required to finish the project? A. Planned Value (PV) B. Earned Value(EV) C. Estimate to Complete (ETC) D. Estimate at Completion (EAC) - Answer: C. Estimate to Complete (ETC) In which iPC phase are the "stage gate entry and exit criteria" defined? A. iPC Estimating & Solutioning B. Co-Create C. iPC Governance D. Execute - Answer: B. Co-Create 22.There is a new and urgent change request raised by a stakeholder that does not have an impact on cost. As an iPC practitioner what would you do next? A. No need to log a Change Request as there is no cost impact B. Log a change request and follow the formal CR process C. Log a change request but no need to do the impact assessment D. As the CR is urgent, go ahead and implement as it does not have any cost impact - Answer: B. Log a change request and follow the formal CR process 23.You are the project manager for a S0.8M project. There are two teams of programmers working for six months for a total of 10,00 hours. According to the projects baseline schedule, your team should have completed 38% of the work by now. As of today, the project is 40% complete and 50% of the budget has been used. Calculate the CPI and SPI for the project. A. CPI=0.8 and SPI=1.05 B. CPI=0.8 and SPI=0.95 C. CPI=1.05 and SPI=0.8 D. CPI=1.05 and SPI=0.95 - Answer: A. CPI=0.8 and SPI=1.05 24.You have started working on a large complex multiyear T&M contract, which is expected to be delivered in 6 waves. You are asked to establish a work plan for this contract. You have a clear understanding of the first 2 waves and a high- level understanding of the other 4 waves; what would be an effective technique of establishing the work plan? A. Ensure to prioritize discussions with stakeholders to gather scope understanding of remaining 4 waves before beginning with first 2 waves B. Cannot setup plan because do not have complete scope clarity for the entire project C. Implement rolling wave planning considering the high-level scope clarity on other 4 waves D. None of the above - Answer: C. Implement rolling wave planning considering the high-level scope clarity on other 4 waves 1.As per the Pc framework which option is the BEST approach to include RAlD item/s that require management attention in the steering committee meetings? A. All the RAlD items raised by / assigned to the project sponsor should be highlighted in steering committee meeting B. Consult with respective RAID owners to check which RAlD items to be included in the governance meeting C. Use an "escalation level" field in the RAlD log to identify items requiring Steering Committee level review D. None of the above - Answer: C. Use an "escalation level" field in the RAlD log to identify items requiring Steering 32. Which base measures are used to calculate the "Cost of Rework" metric? A. Actual Rework Effort B. Actual Total Effort and Planned Rework Effort C. Planned Rework Effort D. Actual Rework Effort and Actual Total Effort - Answer: D. Actual Rework Effort and Actual Total Effort 33.Which measures / metrics can be generated using the Deliverable Driven Gated Approach? A. Schedule variance and Cost Variance B. Earned Value and Planned value C. SPI and CPI D. SPI E. Both B and D - Answer: E. Both B and D 34.You are assigned as an iPC Practitioner for a new project, however, the contract is not yet signed. Leadership is confident that the contract will get signed and have asked to begin work. What do you recommend to CEM team / Delivery lead in order to track effort / cost spent on the project? A. Inform CFM to go ahead and setup a new contract in MME B. Create a No-LBA WBS in MME to track the efforts C. Use other contract WBS till contracts get signed D. Use the BD WBS till the contract is signed - Answer: B. Create a No-LBA WBS in MME to track the efforts One of the key resources has gone on sick leave for more than 2 weeks, what is the FIRST thing you would do A. Identify the replacement B. Raise a change request and ask for impact assessment C. Raise a risk and document mitigation plan D. Raise an issue and identify the corrective actions - Answer: C. Raise a risk and document mitigation plan 36.The client has confirmed the delivery scope for the project but is now asking to complete the project a week earlier than the planned project end date. Which of the following options would be the BEST approach to apply in this scenario? A. Meet the team and look for options for crashing or fast tracking the critical path B. Motivate the team to work harder and review the project's status next month C. Descope some of the activities without client approval as the client has requested for early completion D. Inform the customer that the critical path does not allow for early completion - Answer: A. Meet the team and look for options for crashing or fast tracking the critical path 37.A project has undergone a major scope change that has increased the cost and extended the timeline. What does this mean for Earned Value reporting? A. The cost and schedule baseline will be updated, and the new baseline will be the basis for future earned value analysis B. As baselines should generally not be adjusted, the project is due to exceed its budget from now on C. There are several reasons to change a baseline, but not scope changes. The project will exceed its budget D. CFM should update the SAP ODE of the contract to correct the earned value - Answer: A. The cost and schedule baseline will be updated, and the new baseline will be the basis for future earned value analysis Which of the following will NOT be part of defining the change request management process? A. Frequency of CCB meetings B. Configuring the Requirement Volatility Metrics C. Performing deliverables status analysis D. Understanding the RACI and Escalation matrix - Answer: C. Performing deliverables status analysis My delivery team is interested to deploy iPC Framework and Delivery Control Toolkit, however they do not have technical expertise to configure ALM tools. Who can be contacted to technical configuration support? A. SI Startup Coach B. iPC COE Team C. iPC Lead as a Service Team D. Delivery Excellence Team E. Both A & B - Answer: E. Both A & B Which project management technique allows to "Identify all possible opportunities on the critical path that has the potential to be performed in parallel"? A. fast tracking B. Crashing C. fast tracking or crashing and if it adds too much of a risk. Then consider descoping D. Descoping - Answer: A fast tracking As a delivery lead/iPC practitioner which of the following actions should you focus on to avoid a negative EAC adjustment? A. Spotting problems early as they arrive B. Driving actions to mitigate risks C. ongoing validations of assumptions D. All of the above E. only A and C - Answer: D. All of the above During the execution of a project, the project manager receives requests from the sponsor to include a new module in the project. What action would you recommend as a iPC practitioner A. highlight this change to the sponsor and explain the negative EAC B. Inform the CFM ODE in MMR due to this major change request C. Assess the change request D. Use solution contingency to cover the effort required to implement this module - Answer: C. assess the change request Which iPC stage focuses on "improving project management processes" A. estimation and solution it B. Co-create and execute C. Evolve with Agility D. iPC Governance - Answer: C. Evolve with Agility Which of the below statements is true Statement A measuring earned value by implementing Deliverable Status based approach helps remove the latency in earned value calculation Statement B the hated approach mandates a 3 stage review process A. Statement A B. Statement B C. both A and B D. none the above - Answer: A. statement A Which of the below statements is true A. Requirement Traceability matrix is one of the key inputs for iPC Co-create B. The contract solution plan is one of the key inputs for iPC Co-create A. Statement A B. statement B C. A and B D. none of the above - Answer: A. Statement A Which metric is most useful for a delivery lead in order to prioritize and drive required preventative actions for risk? A. Program RAG indicator based on the number of open risks B. Number of open risks by owner C. Number of high exposure risks with overdue mitigation plans D. All of the above - Answer: C. Number of high exposure risks with overdue mitigation plans 28. For a project a scrum team was suppose to be co-located. However after five sprints, the team had to transition to a virtual environment with the start of the sixth sprint. The team capacity continues to be the same. What is/are the appropriate methods/s to understand the impact of the change on the team's productivity post the transition A. Calculate the SPI at the end of each sprint to determine the Chang in the teams productivity B. Review the sprint burn down before and after the transition to virtual environment C. Analyze the project schedule to understand the changes in the team's productivity D. Discuss the team's progress during the daily stand up meeting to determine changes in the productivity of the team E. Both B and D - Answer: E. both B and D The scrum ceremonies in agile are... A. Sprint planning, daily scrum, sprint backlog B. Sprint estimation initiation sprint planning C. Sprint planning, daily scrum, sprint reviews D. Product backlog, release planning, daily standup - Answer: C. Sprint planning, daily scrum, sprint reviews You are creating a project plan based on the agreed work breakdown structure and you realize the resources are overloaded which technique would you use to resolve the resource overloading issue in the plan? A. Project baseline will automatically address over allocation B. Task leveling C. resource leveling D. All of the above - Answer: C. resource leveling As a iPC practitioner, you are analyzing financials of a project and your analysis indicates probable negative EAC, what will be your next course of action? A. Inform Project QAD B. Adjust MME forecast to balance the cost overrun C. Re-baseline the efforts and workplace. D. Perform root cause analysis and bring to the delivery leads attention - Answer: D. Perform root cause analysis and bring to the delivery leads attention 16. What dependency type is used by default in a Microsoft project plan. A. Finish to start B. Finish to finish C. Start to finish D. Start to Start - Answer: A. Finish to start A CR (#0045) has been raised which has an impact on the current phase of the project. The impact assessment was promptly completed when the CR was raised, however the review of the CR discussion in the Change Board has been delayed for 6 weeks. CR#0045 is on next week's Change Board agenda. What is the next logical step? Add the CR to the meeting agenda and present the original impact analysis in the Change Board B. No action required as the team has already completed an impact assessment 6 weeks earlier C. Re-baseline the plan with the activities associated with CR #0045 activities as this CR is scheduled for discussion in the Change Board D. Review the CR's impact assessment before the change board to see if any update is require - Answer: D. Review the CR's impact assessment before the change board to see if any update is require Which of the following is used to report the overall delay in the project? A. Effort Variance B. End Date Variance C. Variance at Completion D. CPI - Answer: B End Date Variance