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Question 1 of 7
A contractor is working on a fixed price contract that calls for a single, lump sum payment upon satisfactory completion of the contract. About halfway through the contract, the contractor’s project manager informs their contract administrator that financial problems are making it difficult for them to pay their employees and subcontractors. The contractor asks for a partial payment for work accomplished. Which of the following actions by the buyer is most likely to cause problems for the project?CorrectIncorrect
Description Adhering to the contract and making no early payments will most likely cause problems for the project.
Question 2 of 7
You are the project manager for an interior design project. You have added time between the primary activity and the painting activity. This is an example of which one of the following?CorrectIncorrect
As you have added time between activities, this is an example of lag. Lag is always positive time, since you are adding time to the project schedule. Lead is negative time, since you are subtracting time between activities. You can remember lag as waiting time and lead as hurry-up time. Crashing adds resources, typically labor, to activities so that they can finish faster. You can remember crashing, because as you add people to the project work, they may crash into one another. Fast-tracking changes the relationship between activities so that they can finish faster. Fast-tracking also increases project risk.
Question 3 of 7
One of the stakeholders on the project contacts the project manager to discuss some additional scope they would like to add to the project. The project manager asks for details in writing and then works through the control scope process. What should the project manager do next when the evaluation of the requested scope is completed?CorrectIncorrect
Description Choice B is the best thing to do next, probably followed by C and D and A.
Question 4 of 7
A project manager is managing his second project. It started one month after the First and both are on-going. Though his first project is small, it seems to be growing in size every day. As each day passes, the project manager is beginning to feel more and more in need of help. The project manager has recently heard that there was another project in the company last year that is similar to his project. What should he do?CorrectIncorrect
Description Here again, there are many things the project manager could do. Choice A is not the best choice, as the other project manager might not be an experienced mentor. His advice might not be adequate to help this project manager. Choice C is reactive, while a project manager should be proactive. Choice D is not the best choice. It would be helpful, but does not specially address the issues in the situation. If the PMO is contacted, the project managers can obtain historical information from many projects and have the assistance of someone whose job it is to help.
Question 5 of 7
You are working on a research and development project in the agriculture industry. Your risk management team has identified several risks and has determined that the most significant risk to the project is a quality risk. You’ve identified a strategy to deal with this risk, but the risk management team agrees it may not be effective. What is the best action you should take given this situation?CorrectIncorrect
Description When risks have high impacts or the strategy identified to deal with this risk is not fully effective, a fallback plan should be developed.
Question 6 of 7
As senior project manager, you are asked to explain to the Board of Directors the benefits of a projectized structure as compared to a strong matrix structure. Your company has a long history of successful projects, but projects have now become highly business-critical. Which argument is best?CorrectIncorrect
Description Projectized structure reduces the conflict over resources. In a projectized environment, the team members work for the project manager, eliminating conflict over assignments. Projectized structures may generally produce better results in some cases, but not always. Projectized structure generally does not make better use of project resources than the strong matrix approach. In a strong matrix approach, the project manager has considerable authority over the resources and can use them effectively. Projectized structure may allow better control over costs in some cases, but a strong matrix structure can also control costs effectively.
Question 7 of 7
In which process do you create the Risk Breakdown Structure?CorrectIncorrect
Description The RBS is part of the Risk Management Plan. Its structured very similarly to an WBS. The RBS helps you to see how risks fit into categories so you can organize your risk analysis and response planning.