Project Management Fundamentals, Exams of Nursing

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Project Management Practice Test Questions and Answers 2024

Ana is a project manager for her organization. She has been

presenteddocuments a that set ofspecifies the reasons for the project, justification for the

projectit fits in and with how the company

objectives.

What has she received? - correct answer

business case

Which of the following comes under the economic

model?Choose all that

apply.

IRR

Constrained

optimizationNPV

Discounted cash flow - correct answer IRR(internal rate

ofNPV(net return) present

value)Discounted cash

flow

Which of the following will you include in a business case of

your project?

Project

milestoneJustification for the

project Cost-benefit

analysisEstimated budget - correct answer Justification for the

projectCost-benefit

analysis

Who is responsible

for...

• Time and duration estimates for the

tasks-Cost estimates for deliverables or other project work purchased from

outsideorganizatio an

n-Status updates on the progress of the

tasks-Dependencies related to the tasks - correct answer

project team

A project sponsor has signed a document for authorizing an upcoming

project.the following Which will of be included in the

document?

• Roles and responsibilities of the team

members-High-level details regarding estimated budgets and

timelines-Justification for the

project-Quantitative analysis for all major project risks - correct answer High-

levelregarding details estimated budgets and

timelines

Justification for the

project

You, as a project manager, report to the director of project management, and

your team

members report to their areas of responsibility (accounting, human

resources,You have complete and IT). control of the project team's assignments once the

projectunderway. is

What organizational structure(s) does this describe? - correct answer

Projectized Project-based

What are the characteristics of a matrix organization? - correct answer

• weak to strong

project manager

authority-mix of full time and part time project

resources-better inter-departmental

communication

What features these ten

areas?

-

Scop

e

-

• Time

Cost-

Quality- Human

Resources-

Communication

s

-

Risk-

Integration- Stakeholder - correct answer PMBOK Guide

Who is responsible for communicating or marketing the benefits of the

product? - correct answer Project sponsor

In what organizational structure does the sales manager handle project

management? - correct answer Functional

Who

provides...?

• Project management standards and

processes-Tools, templates, and artifacts to help manage projects

consistently-Setting

deliverables-Governance process for managing projects and setting

priorities-Key performance indicators and

metrics-Standards of performance including consequences of non-

performance

• Coordination of resources among projects - correct answer PMO (Project

ManagementOffice)

What is the least precise cash-flow technique? - correct answer

payback period estimate

Who has these

responsibilities?

• Approve the project

charter.-Define the business case and justification for the

project.-Serve as final decision maker for all project

issues.

• Monitor and control delivery of major

milestones.-Run interference and remove

roadblocks.-Approve the project

baseline.-Communicate or market the benefits of the project. - correct answer

project sponsor

What are required to validate a business case? - correct answer Project

justification Strategic plan alignment

What is the most valuable skill in order to build a diverse project team

that works together efficiently and effectively? - correct answer

communication

In what project phase is the first budget approved for the project? -

correct answer Planning

What project phase has the following

activities?

• Define a project

schedule.

• Create a work breakdown

structure(WBS)-Determine

resources.-Identify and plan for detailed

risks.

• Determine project

requirements.-Write a communication

plan.-Develop a procurement plan if utilizing resources outside the

organization.-Develop a change management

plan.-Define the project budget. - correct answer Planning

As a project manager, your project has failed to meet the stakeholder's

needs and expectations. What is the most likely cause? - correct answer

lack of planning

What three types of project selection methods are considered economic

model

methods? - correct answer IRR(internal rate of

return)NPV(net present

value)Discounted cash

flow

What project phase has the following

activities?

• Creating the project

charter

• Creating a business case and

justification-Defining a high-level scope

definition-Identifying high-level risks - correct answer

Initiating

Which of the following project management documents are produced in

the Planning process group?

• Project schedule
• Project

charter-Issues

log-Organizational chart - correct answer Project

scheduleOrganizational

chart

A stakeholder was not able to attend the meeting of the project due to

someWhat toolsreason. can catch him up to speed? - correct answer Meeting

minutesStatus

report

While creating a new project, what document contains the final project

acceptance criteria? - correct answer Project scope statement

Who writes the project charter and makes certain it is

distributed to all key stakeholders? - correct answer project

manager

You've developed a project plan and a scope document. The project plan

hasapproved, been and you're moving forward with project implementation. What

processyou begun? have - correct answer

Executing

What project phase documents formal acceptance of project work and

hands over the completed product to the organization for ongoing maintenance and

support?answer - correct

Closing

You are developing a scope document and project plan for a new

project. Which process group are you in? - correct answer Planning

Stella, a project manager, is starting a new project with a budget of $1.

million.on past Basedexperience, she has determined that she will not require additional

hardwarethe for

project.

This is an example of what? - correct answer

assumption

What document

includes...?

• business

purpose-

milestone

s

-

assumption

s

• constraints - correct answer project

charter

What document authorizes a project to begin? - correct answer

Project charter

What is affected when the scope of a project is increased? - correct

answer Time

Budge

tQualit

y

What refers to the triple constraint in project management? - correct

answer time, scope, and

costs

What item has the following key

elements?

• Project goals and

objectives-Project

description-Problem

statement-Key project

deliverables-High-level

milestones -High-level cost

estimates-Stakeholder

identification-High-level

assumptions-High-level

constraints-High-level

risks-General project

approach-Name of the project manager and their

authority-Name of levelthe

sponsor-Other contents - correct answer project

charter

During the initiating phase, a project charter authorizes a project to begin.

Which of the following elements are included in a project

charter?

A-Stakeholder

identificationB-Risk

assessmentC-Project

objectivesD-Problem statement - correct answer Stakeholder

identificationProduct

objectives

Problem

statement

After completing a project charter and obtaining sign-off, what will be your

next step? - correct answer hold a kickoff

meeting

During the planning process, a project scope document provides a

descriptionwork necessary of the to complete a project. Which of the following

componentsincluded in the would project be scope

document?

A-Project

constraintsB-Detailed project

objectivesC-Key performance indicators

(KPIs)D-Gantt charts - correct answer Project

constraints Detailed project

objectivesKPIs(key performance

indicators)

Which element is not a function of a scope

management plan?

A-Describing procedures for preparing a scope

statement B-Describing procedures for preparing a

WBSC-Describing deliverables' acceptance

criteriaD-Describing how scope changes will be handled - correct answer

describingdeliverables' acceptance

criteria

(is actually in the project scope

document)

What does the scope baseline consist of? - correct answer • Scope

statement

•

WBS

•

WBS

Dictionary

Which document describes the procedures for preparing a WBS (work

breakdownstructure), how changes to scope will be addressed, how deliverables will

beand verified, other elements? - correct answer scope

management plan

What document includes the

following?

• project

objectives-a project

description-acceptance

criteria

• key

deliverables

• success

criteria-exclusions from

scope-time and cost

estimates-project

assumptions

• constraints. - correct answer project scope

statement

In what phases/process groups is the dashboard information document

produced?correct answer -

ExecutingMonitoring and

Controlling

Joseph is starting a new project and wants to document the business

requirementsthe project. What of diagram will help him? - correct answer Process

diagram

Stella, a project manager, finds that the time required to complete

the smaller components of a project were underestimated. What should be used to

avoidcorrect this? answer - Work breakdown

structure

You have been assigned as a project manager for your company. You need to

creatework breakdown a structure for your project. What will you use to accomplish

the task? - correct answer Outline

formTree structure

diagram

What document includes business need for the project, project objectives,

and project deliverables? - correct answer Requirements document

Which of the following is not a guideline for developing

a WBS?

A-Make sure that each item in a lower level is a component of the

level above.

B-Sequence the work

packages.C-Involve project team members in the

process.D-Define the highest level of deliverables before you move to lower

levels.answer - Sequencecorrect the work

packages

What has the following

elements?

• Code of accounts

identifier

• Description of the work of the

component-Organization responsible for completing the

component-

Resources-Cost

estimates-Criteria for acceptance - correct answer WBS dictionary

What dependency is defined by the type of work being performed, and

one activity is dependent on another activity? - correct answer Mandatory

dependency

You want to show the project sequence activities to your team members.

For this, you're

using boxes to represent the project activities and arrows to connect the

boxesshow theand

dependencies.

What is this? - correct answer PDM (precedence diagramming

method)

How is a three-point estimate calculated? - correct

answer [(most likely)+(optimistic)+(pessimistic)]/

What uses weighted average to determine the project duration and forecast

the project schedule with a high degree of reliability? - correct answer PERT (program

evaluationreview

technique)

What are these steps necessary

for?

1. Determine

tasks2. Sequence

tasks3. Allocate

resources4. Determine task durations including start and

end5. Determine dates

milestones6. Construct schedule

7. Determine critical

path

8. Set baseline and obtain

approval9. Set quality

gates10. Establish governance process - correct answer Constructing a project

schedule

You're entering all the activities of the project with their durations to

depict when the project is scheduled to end.

What are you building? - correct answer

Gantt chart

What calculates the longest path and controls the finish date of the

project? - correct answer CPM (critical path method)

What allows you to

denote...?

• Types of skills required in your project

team

• How many members you'll require for

each- Project tasks for which they'll be needed - correct answer RAM

(ResponsibilityAssignment Matrix)

What is the best conflict resolution technique for when a team member is

performing well and his behavior isn't affecting the project overall? -

correct answer smoothing

In your organization, you find that some of your project team members

areconflict having with a each other. What will you do? - correct answer

encourage the team members to resolve the

conflict

What is a type of hierarchical chart that breaks down the work of the

projectto the types according of resources needed? - correct answer RBS (resource

breakdownstructur

e)

What conflict resolution techniques should a project manager employ

whenminor there'sconflict a between several project team members that doesn't impact

theircorrect project? answer -

Avoidance

As a project manager, you have asked two employees to work together

onHowever, a project. you have found that on past projects it was very difficult for the

managers to handle both the employees together and they are often at odds with

one another.

What conflict resolution technique do you use? - correct answer

confronting

Mark is a project manager in his organization. He finds that two of his

team members are in conflict, and important principles are at stake.

What type of conflict resolution method should Mark use in this

instance? - correct answer force

What activity features the

following?

• Introduce team

members-Communicate project

goals/objectives

• Communicate stakeholder

expectations-Review roles and responsibilities of team

members-Project overview - correct answer kickoff

meeting

In what phases is the cost baseline used? - correct answer -

Executing-Monitoring and

Controlling

You're asked to prepare an estimate for a project business case to install

aservers group atof a new satellite office. There is very little detail available about

this project.

What will you use to compute your estimate? - correct answer the

actualsimilar cost of a

project

What variable is defined as the cost of work that has been authorized and

budgeteda specific schedulefor activity or WBS component during a given time period

orcorrect phase? answer - PV (Planned

Value)

What measures the progress, to date, against the progress that was

planned?answer SPI - correct(schedule performance

index)

What plan includes the chart of account? - correct answer Cost

management plan

What lists the account number and description for each category of

expenseuse on the you budget? - will correct answer chart of

account

The CPI and SPI of your project are less than 1. What does this mean? -

correctThe project answer is behind schedule and over

budget

How do you calculate CV (cost variance)? - correct answer EV(earned

value)AC(actual -

cost)

What is a measure of project cost efficiency? - correct answer CPI (cost

performanceindex

)

How do you calculate ETC (estimated time to completion)? -

correct answer EAC(estimate at complete) - AC(actual

costs)

How do you calculate EAC(estimate at complete)? - correct answer

BAC(budgetcompletion) /at CPI(cost performance

index)

How do you calculate CPI(cost performance index)? - correct answer

EV(earned/ AC(actual value)

costs)

What formula is used to calculate SV(schedule variance)? - correct answer

EV(earned value) - PV(planned value)

What technique is used for monitoring and controlling project costs,

comparesreceived or what produced was to what was spent? - correct answer

EVM(earnedmeasureme value

nt)

Sally, a project manager, finds that some of the uncertain events are

impactingproject, as her they were not tracked and planned. What could have been

usedthis? - to correct avoid answer risk

register

What represents the value of the work completed to date as compared to

the budget? - correct answer EV(earned value)

A project manager has identified some of the risks that are negatively

impactingproject. What her action will she take? - correct answer Add risks to the

riskdocumen register

t.

A project manager, Gary, is working with project stakeholders on its

requirements and

examining how risks might affect their project. One of the stakeholders

isabout confused what constitutes project risk. Which of the following is the most

accurateof project definition risk?

A-It's an uncertain event that can affect

project costs.

B-It's an uncertain event that can affect at least one project

objective.C-It's an unknown event that can affect the

projectD-It's an scope. uncertain event or condition within the project execution. - correct

answeran uncertain It's event that can affect at least one project objective.

You've identified a new risk in your project that will likely cause serious

delays to your

project completion date. What should you first do with the newly identified

risk?answer - correct Add the risk event to the project's risk register, along with any

additionalinformation you've discovered about the risk.

Jane is manager of the GBB project for her company. A vendor has

offered her a

product with 10 percent discount if a company will order 100 units for the

product.possible thatIt's the GBB project may need them, but their cost may be an

issue.documents Jane the offer and tells the vendor she'll keep the offer in mind and

continue with the project as planned. What risk response has been given in this

project?answer acceptance - correct

A project manager wants to review a document to know when and how

the project information will be delivered to the stakeholders.

What will he use? - correct answer

communication plan

A key stakeholder has requested a project manager to provide all

project status information through email only.

What documents this information? - correct answer

communication plan

What document

includes...?

-

frequenc

y

-

forma

t

• distribution

method-stakeholder

name-communication

type

• responsible party? - correct answer

communication plan

During the midway of the project, you have been requested by the client to

completeproject a weekthe earlier than expected. What will be your next step? -

correct answer Obtain an approved change control document before changing the project

schedule.

When do you perform the steps

below?

1. [Identify] and document the change

request.2. [Track] requests in the change

request3. [Evaluate] log. the impact and justification of the

change.

4. [Disposition] the request at the change control board and

approve5. [Implement] or deny. the

change.6. [Validate] the change and perform a quality

check.7. [Update] the project management plan, update the appropriate project

documents,and apply version

control.

8. [Coordinate] and communicate with the appropriate stakeholders. -

correctWhenever answer a change is requested by a key stakeholder

Robert is business analyst for his organization, and he has gathered and

documentedrequirements for a new project solution. The stakeholders have agreed

through informal communication that Robert has successfully captured the

necessaryrequirements solution and have signed off on them.

What does their sign-off represent to Robert? - correct answer That the

stakeholders agree the requirements are accurate and complete.

This process defines what people or groups need project information, when

and how often it should be distributed, and its format. - correct answer

communications planning

A key stakeholder notifies a project manager about his dissatisfaction

regarding the progress of the project through email. What is the best

method for the project manager

to address the stakeholder's dissatisfaction? - correct answer Conduct a

face-to-face meeting with the stakeholder.

You find that the project management plan has been heavily updated by

the project stakeholder.

What will you implement to make it easier to determine how many times

the project management plan has been updated? - correct answer

version control

What will happen when a change control board approves a change request

thatdecrease would a project's schedule by 30 days without altering its scope? -

correctProject costanswer will

increase

Kelvin, a project manager, is working with a vendor who is not providing

good quality

products. However, the vendor states that he's meeting the quality

standardsthe current given contract. in Which of the following documents is he talking

about?answer - SOW(statement correct of

work)

Lynda is working with vendors to perform some work of the project. What

documentshe provide will to the vendors to make them know exactly what Lynda is

askingcorrect toanswer do? - SOW(statement of

work)

What is used by vendors to determine whether they are capable of

producingdeliverables the and to determine their interest in bidding on the project

work? - correct answer SOW(statement of

work)

You are a project manager of your organization. You're deciding whether

tobuy make the goodsor needed for the project. As part of the decision-making

process,decided toyou request a goods update from key product

suppliers.

What will you use to accomplish the task? - correct answer RFI(request for

information)

What do the following have in

common?

-

NDA

• cease-and-

desist- letter of

intent- SOW

- MOU

- SLA

- PO

• warranty - correct answer they are vendor-centric documents

A project manager, Harry, wants to obtain responses from vendors to

complete the project work as documented in the statement of work.

What documents will he use? - correct answer - RFP(request for

proposal)-RFI(request for

information)-RFQ(request for

quotation)

A project manager wants to invite suppliers into a bidding process to bid

on specific

products. What will he use to accomplish the task? - correct answer

RFQ(requestquotatio for

n)

What's the purpose of a project manager issuing an RFP? - correct answer

To request proposals from prospective sellers of products or services

Which of the following are the ways of preparing solicitation notice to notify

prospective sellers of their upcoming work? (multiple answer)

A - RFQ

B - IFP

C - RFP

D - IFB - correct answer RFQ(request for

quotation)RFP(request for

proposal)IFB(invitation for bid)

What is an agreement that outlines specific performance criteria or other

actions between two or more parties? - correct answer MOU(memorandum

of understanding)

What are the primary roles of Agile project management? - correct answer

• Product

owne

r- Scrum

master- Project team

What tool depicts every potential cause of a problem and the effect that

each proposed solution will have on the problem? - correct answer Ishikawa

diagram

What tool displays data observed or collected over time as plots on a

line? - correct answer Run chart

What tool plots two numerical variables on a chart to determine

whether there is a correlation between them? - correct answer Scatter

diagram

What tool shows milestones, deliverables, and all activities of the

project including durations, start/end dates, and resources assigned? -

correct answer Gantt chart

Which of the following meetings are involved in Agile methodology?

(multiple answer)

A -

Impromptu B -

ScrumC -

Retrospective

D - Kickoff - correct answer Scrum(daily

standups) Retrospective

What chart allows to identify the top portion of causes that need to be

addressed to resolve the number of defects in a project? - correct

answer Pareto chart

You have created a graphical chart displaying the frequency distribution of

each data in a project.

This is an example of what project management tool? - correct answer

Histogram

What process involves obtaining responses from vendors to complete

project work, as documented in the SOW? - correct answer solicitation

A project manager has identified uncertain events during the executing

phase. Where should this be reported? - correct answer Issue log

What chart is based on the 80/20 rule? - correct answer

Pareto chart

Kattie, a project manager, has to communicate the causes of risk

events to stakeholders.

What diagramming technique will she use? - correct answer

Ishikawaaka cause-and- diagrameffect

chart aka Fishbone

diagram

What components are part of an issue log? - correct answer -

description- date and time of issue

submitted- name of person who raised the

issue

• priority rating of each

issue

All of the following are true regarding dashboards except for

which one?

A - They document work expected to be completed during the next

reportingB - They are period. a type of status

report.C - They are a type of performance

report.D - They usually have indicators such as red-yellow-green for a quick,

at-a-glancestatus check. - correct answer They document work expected to be

completedthe next reporting during

period.

What project ending type occurs when the resources of the project are

distributedother areas to in an organization or are assigned to other projects? -

correctIntegratio answer

n

What provides check-in and check-out processes so that team members

arereviewing always and updating the latest version of the document? -

correctcollaboration answer

tool

What tools can determine whether organizational goals are being

achieved? - correct

answer - KPI(key performance

indicator)- KPP(key performance

parameter)- Balanced score card

What chart shows the remaining work effort for the sprint? - correct answer

Burn-down chart

Your project seems to have "faded away" over time and become a full-

fledged ongoing operation. What type of project ending does this describe?

• correct answer Addition

Your sponsor's lost interest in your current project and has focused all

attentionnew one. onThe a resources originally intended for your project are no longer

provided to the project. What type of project ending does this describe? - correct answer

Starvation

What document is produced at the end of a project and reports final project

outcomes? - correct answer Project close report

What depicts every potential cause of a problem and the effect that

each proposed solution will have on the problem? - correct answer

Ishikawa diagram

What are these steps

for?

1. Obtain formal

sign-2. Transferoff results to ops and

mx

3. Release

resources4. Close out

contracts5. Perform administrative

closure6. Document historical information for future

projects7. Conduct lessons

learned

8. Prepare the project close report - correct answer closing out a project

Midway through a project's execution, a sponsor tells the project manager to

cancel the project.

What should the project manager do? - correct answer Begin an

administrativeproces closure

s

For which projects is "close procurements" performed? - correct answer for

contractualproject

s

What document contains the

following?

• Recap of original

goals- Statement of project acceptance or rejection, and the

reason- Summary why of project

costs

• Summary of project

schedule- Lessons learned and historical data - correct answer project

closure report

Centralizing documents, archiving project documents, performing post-

projectwriting reviews,a final closeout report, and distributing a notice of project

acceptanceduring which occur process? - correct answer Administrative

closure

What does a Pareto chart look like? - correct

answer

What does a Ishikawa/Fishbone chart look like? - correct

answer

What does a Gantt chart look like? - correct

answer

What does a Run chart look like? - correct

answer

What does a Scatter diagram look like? - correct

answer

What does a histogram look like? - correct

answer