PM 586 Final Exam PM/586 Final Exam 1. In a strong matrix structure, employees take daily direction from: Project manager only Both, but the project manager has greater influence Both, but the functional manager has greater influence Functional manager only 2. If the schedule variance is positive and the cost variance is negative, the projectâ€™s status is: Over budget and behind schedule Under budget and ahead of schedule Over budget and ahead of schedule Under budget and behind schedule 3. Which category of projects would involve a large number of functional units where the workers may be assigned either part-time or full-time? Special Individual Staff Matrixed 4. Which type of chart provides the least â€œpredictiveâ€ value? PDM ADM PERT Bar chart 5. Scope creep is generally the result of: Too much detail in the specifications Having too many levels in the WBS Poorly defined SOW Having the wrong people assigned to the project 6. Which of the following is the role of the PM rather than the role of the functional manager? Where it will be done How the work will be done Who will do it What work will be done 7. The balance between quality and cost is called: Produceability Salability Availability Operability 8. The EVMS term that represents the value of work actually accomplished is: BAC AC EV PV 9. Which of the following would be the first item to be discussed in the initial kickoff meeting for a project? Understanding of the budget Understanding of the schedule Understanding of the requirements Understanding of the plan 10. Quality is defined by the: Project team customer Project manager Project sponsor 11. Which of the following people has the greatest influence on how much authority a project manager will possess on a given project? The project sponsor The customer The project managerâ€™s line manager The project manager himself / herself 12. A project manager desires a work breakdown structure that goes through 6 levels of detail. Level 3 through level 6 would most likely be prepared by: Customer Subject matter experts Project manager Project sponsor 13. In which project life cycle phase does quality begin? Initiation / planning Monitoring & control Closure Implementation 14. Project management restructuring allowed companies to manage projects that _____. Had undefined objectives Could not be handled by the traditional organization Did not require effective cost control Require little functional integration 15. Risk constitutes a lack of knowledge _____. Of future events About the estimates About the customerâ€™s requirements About the environment 16. The two primary components of a risk are: The probability and the impact The impact and the event The impact and the amount at stake The event and the probability 17. Which of the following standard project estimating techniques is usually accomplished in weeks? Engineering Parametric Analogy Grassroots 18. The hardest part in creating a best practices library is: Storage Classification Evaluation Knowledge transfer 19. A typical project office (not to be confused with a project management office) responsible for the management of a large project includes the project manager and the: Project sponsor and assistant project managers Assistant project managers Assistant project managers and functional managers Project sponsor 20. Industries that have _____ tasks and operate in a _____ environment demonstrated the greatest need for project management. Complex; Dynamic Simple; Static Complex; Static Simple; Dynamic 21. Pricing out the construction cost of a home by a cost per square foot would be representative of a(n) _____ estimate. Grassroots Parametric Engineering Analogy 22. The collective term for the formal quality activities and processes is called: Quality control Quality visions Quality assurance
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