As part of the Estimate Costs process, a project manager obtained access to certain commercially available databases to get resource cost rate information. What type of input is such published commercial information considered as?
A. Enterprise environmental factor
B. Historical information
C. Organizational process asset
D. HR Input
At the end of a project, what will your schedule variance be equal to?
A. Zero
B. Equal to the total PV
C. One
D. Equal to the total EV
Your project is nearing completion, but a previously unidentified risk has been discovered and it could significantly affect one of the project deliverables. What do you do?
A. Transfer the risk.
B. Develop a risk mitigation plan.
C. Include the issue in the project risk log.
D. Notify the project stakeholders immediately.
A technique which enhances brainstorming with a voting process used to rank the most useful ideas so that they can be taken up for further brainstorming is:
A. Six thinking hats
B. Nominal group technique
C. Affinity diagram
D. Mind mapping
You are on the vendor selection committee for a large IT project that you will be managing for your company. Your friend works for a company that is planning to bid on the project. During a social dinner, the friend tells his job is on the line if his company does not win the contract. What should you do?
A. Notify the project stakeholders that you have social ties with one of the vendors, and excuse yourself from the selection committee.
B. Tell the friend you will do what you can, but don’t actually act on this.
C. Don’t mention your relationship to anyone involved with the project, but push for the friend’s company during the selection process.
D. This is simply networking. Let the project stakeholders know you have a social connection to the vendor and recommend they get the business.
Your project sponsor has asked you to add 30% contingency to your project budget as a hedge against any unforeseen costs that could exceed the currently forecasted expenses, but has not provided any additional detail about why this is required. What do you do?
A. Add 30% to the management reserves.
B. Ask the sponsor to elaborate the risks that are behind the request.
C. Rebaseline the project budget.
D. Add 30% to the total budget.
Which of the following is not an activity related to the Direct and Manage Project Work process?
A. Inspect the project deliverables for completeness.
B. Provide, train, and manage the team members assigned to the project.
C. Create project deliverables to meet the planned project work.
D. Perform activities to accomplish project objectives.
Where would you find a detailed list and description of specific project assumptions associated with the project?
A. Project charter
B. Project scope statement
C. Project configuration document
D. Change management plan
In order to keep costs low, a project management team decided to apply statistical sampling while inspecting some of the work products. They decided to select 10 out of 50 engineering drawings for inspection. During which process should the sample frequency and sample size be determined?
A. Collect Requirements
B. Plan Quality Management
C. Control Quality
D. Manage Quality
What is the free float for Activity C?
A. 4 days
B. 5 days
C. 6 days
D. 7 days