C722 Project Management (highlighted
study guide + JO's tips + practice test)
Questions with Accurate Answers
0-100 rule correct answer Assigns 0% to activities that have not been
started and those that are in progress. Completed activities are
assigned 100%. Every activity in the project is assigned a value of either
0% or 100%.
50/50 rule correct answer Assigns half completed as soon as an activity
is started and fully completed when an activity is finished.
8/80 Rule correct answer A good rule of thumb - do not assign anything
that takes less than 8 hours (to avoid micromanaging and ensure we
give sufficient work out) and also do not assign anything that takes
more than 80 hours to complete, or if you must, check in every 80
hours.
A chain of grocery stores undertakes a project to replace card readers
in their checkout lines with a new technology consistent with current
banking regulations and encryption standards since the old technology
is being phased out by their bank. What project selection model is
being utilized in this situation? correct answer Operating necessity
A large construction project to build apartments to house athletes for
the upcoming Olympic games is underway. If anything starts getting off
,track, which triple constraint would not be appropriate to adjust?
correct answer Time
A manufacturing company is reviewing potential projects for the
coming year based on the CEO's request to reduce overhead
costs.Which of the following projects would best align with the
company's desired business strategy? correct answer Replacing
warehouse lighting with higher efficiency bulbs and motion sensors
A new project manager is taking over for the previous PM who is no
longer with the company. As she starts getting to know the project
team, which of the following tools would give the new PM the best
snapshot of who all the project team members are and their individual
roles on the project? correct answer Resource responsibility matrix
A new project team is made up of people from several different
departments. Due to the way workspaces are designed and the number
of project team members, there is no space large enough for all team
members to meet together in their weekly meetings. What type of risk
is this? correct answer Organizational
A newly established PMO asks management, employees, and project
management staff to submit questions to be used as criteria for
prioritizing projects. They plan to use all submitted questions and
weight them based on how many people submit the same question.
What is the benefit of using this approach? correct answer Project
impact to all departments will be considered
,A newly established PMO asks management, employees, and project
management staff to submit questions to be used as criteria for
prioritizing projects. They plan to use all submitted questions and
weight them based on how many people submit the same question.
What type of project selection model is being used? correct answer
Checklist
A project is being proposed to restructure a manufacturing company's
assembly line to streamline processes per the request of the quality
staff. The following high-level WBS was created by the project manager
as part of the project charter to help management see the project
timeline before the detailed WBS is developed. Which network diagram
matches the table? correct answer A
A project manager and her team do a make/buy analysis and determine
that even though they have the expertise in-house to build a new
security system for the company's warehouse, they will outsource the
project to a vendor. The vendor has an existing product with full
technical support provided in the contract. What type of risk response
is this? correct answer Transfer
A project manager receives three estimates from the project team for
the amount of time it will take to replace the flooring in a renovation
project, depending on how much damage they find while doing their
demolition work. The pessimistic estimate is 18 days. The optimistic
estimate is 8 days. The most likely estimate is 10 days. What is the beta
distribution estimate for this task? correct answer 11 days
, A project manager receives three estimates from the project team for
the amount of time it will take to replace the flooring in a renovation
project, depending on how much damage they find while doing their
demolition work. The pessimistic estimate is 18 days. The optimistic
estimate is 8 days. The most likely estimate is 10 days. What is the
triangular distribution estimate for this task? correct answer 12 days
A project to open a new restaurant before the next holiday has a
penalty clause of $1000 per day if the contractor completes their work
late in order to account for lost sales. Which of the triple constraints
would be contractually adjusted if the launch date is missed? correct
answer Cost
A project to translate existing training materials for an international
subsidiary has been planned, and the following network diagram has
been submitted. How long will the project take based on the critical
path? correct answer 88 days
A project to translate existing training materials for an international
subsidiary has been planned, and the following network diagram has
been submitted. Which task has the largest amount of slack? correct
answer Train personnel
A project with clearly defined outcomes and phases, little to no
volatility, and well-knowntechnologies would be a good candidate for
which project management method? correct answer Traditional
study guide + JO's tips + practice test)
Questions with Accurate Answers
0-100 rule correct answer Assigns 0% to activities that have not been
started and those that are in progress. Completed activities are
assigned 100%. Every activity in the project is assigned a value of either
0% or 100%.
50/50 rule correct answer Assigns half completed as soon as an activity
is started and fully completed when an activity is finished.
8/80 Rule correct answer A good rule of thumb - do not assign anything
that takes less than 8 hours (to avoid micromanaging and ensure we
give sufficient work out) and also do not assign anything that takes
more than 80 hours to complete, or if you must, check in every 80
hours.
A chain of grocery stores undertakes a project to replace card readers
in their checkout lines with a new technology consistent with current
banking regulations and encryption standards since the old technology
is being phased out by their bank. What project selection model is
being utilized in this situation? correct answer Operating necessity
A large construction project to build apartments to house athletes for
the upcoming Olympic games is underway. If anything starts getting off
,track, which triple constraint would not be appropriate to adjust?
correct answer Time
A manufacturing company is reviewing potential projects for the
coming year based on the CEO's request to reduce overhead
costs.Which of the following projects would best align with the
company's desired business strategy? correct answer Replacing
warehouse lighting with higher efficiency bulbs and motion sensors
A new project manager is taking over for the previous PM who is no
longer with the company. As she starts getting to know the project
team, which of the following tools would give the new PM the best
snapshot of who all the project team members are and their individual
roles on the project? correct answer Resource responsibility matrix
A new project team is made up of people from several different
departments. Due to the way workspaces are designed and the number
of project team members, there is no space large enough for all team
members to meet together in their weekly meetings. What type of risk
is this? correct answer Organizational
A newly established PMO asks management, employees, and project
management staff to submit questions to be used as criteria for
prioritizing projects. They plan to use all submitted questions and
weight them based on how many people submit the same question.
What is the benefit of using this approach? correct answer Project
impact to all departments will be considered
,A newly established PMO asks management, employees, and project
management staff to submit questions to be used as criteria for
prioritizing projects. They plan to use all submitted questions and
weight them based on how many people submit the same question.
What type of project selection model is being used? correct answer
Checklist
A project is being proposed to restructure a manufacturing company's
assembly line to streamline processes per the request of the quality
staff. The following high-level WBS was created by the project manager
as part of the project charter to help management see the project
timeline before the detailed WBS is developed. Which network diagram
matches the table? correct answer A
A project manager and her team do a make/buy analysis and determine
that even though they have the expertise in-house to build a new
security system for the company's warehouse, they will outsource the
project to a vendor. The vendor has an existing product with full
technical support provided in the contract. What type of risk response
is this? correct answer Transfer
A project manager receives three estimates from the project team for
the amount of time it will take to replace the flooring in a renovation
project, depending on how much damage they find while doing their
demolition work. The pessimistic estimate is 18 days. The optimistic
estimate is 8 days. The most likely estimate is 10 days. What is the beta
distribution estimate for this task? correct answer 11 days
, A project manager receives three estimates from the project team for
the amount of time it will take to replace the flooring in a renovation
project, depending on how much damage they find while doing their
demolition work. The pessimistic estimate is 18 days. The optimistic
estimate is 8 days. The most likely estimate is 10 days. What is the
triangular distribution estimate for this task? correct answer 12 days
A project to open a new restaurant before the next holiday has a
penalty clause of $1000 per day if the contractor completes their work
late in order to account for lost sales. Which of the triple constraints
would be contractually adjusted if the launch date is missed? correct
answer Cost
A project to translate existing training materials for an international
subsidiary has been planned, and the following network diagram has
been submitted. How long will the project take based on the critical
path? correct answer 88 days
A project to translate existing training materials for an international
subsidiary has been planned, and the following network diagram has
been submitted. Which task has the largest amount of slack? correct
answer Train personnel
A project with clearly defined outcomes and phases, little to no
volatility, and well-knowntechnologies would be a good candidate for
which project management method? correct answer Traditional
