John is in the execution phase of a residential housing construction project. He has been informed of major scope changes from stakeholders in the middle of the project. These changes involve regulatory requirements from local authorities that may impact not only the scope but also the cost and duration of the project. What should be the FIRST approach from John in considering these changes?

A. Meet with the change control board to solicit some ideas on the new project plan
B. Create a report detailing the impact of scope changes on project parameters such as cost, quality and schedule
C. Add new tasks to the project plan and assign resources to account for regulatory changes
D. Escalate the scope changes to the sponsor and steering committee for their decision

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A cost, time, quality, technical or resource value is used as a parameter and included in product specifications. Crossing this value triggers some action such as an exception report. This value would be called:

A. A turning-point
B. A threshold
C. An exception-point
D. A trigger

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A project manager creates a component-specific tool to verify that a set of required steps have been performed. This tool is called a:

A. Risk Register
B. Assumptions log
C. Checklist
D. Plan-Do-Act-Check

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An important aspect of project management is the handling of stakeholder expectations. Typically, at what level are the stakeholders with respect to the project manager.

A. At higher levels and with greater authority
B. At all levels and with varying degrees of authority.
C. At higher levels but only the project sponsor has authority greater than the project manager.
D. At the same level with varying degrees of authority.

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You, as an independent consultant, are working with a project manager of a spacecraft parts manufacturing project to make sure that the team comply with organizational quality policies and procedures. Since parts made in this project must adhere to high precision and accuracy, you are documenting the gaps within the processes and procedures to improve the quality for customer acceptance. Which of the following best represents the project management activity you are doing?

A. Statistical sampling
B. Quality audits
C. Quality control
D. Inspection

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A project manager who is a PMP discovered that there had been an error in the estimation of a project. A certain cost had been double calculated with the result that the budget, which had already been approved, was now in excess by a figure of $ 25,000. She is aware that publicizing this information will cause her to receive a poor performance appraisal since her company is very fastidious about such matters. What should she do?

A. She does not need to do anything since this will have a positive impact on the project’s spend and margins.
B. Since the excess funds won’t be required, she can now use the funding to make additional investments for the project.
C. She should bring this to the notice of the appropriate stakeholders and have the necessary steps taken to decrease the budget.
D. She does not need to do anything since the budget has already been approved. This situation is okay as long as the extra funds are not spent.

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