Expert answer:Week 8 “Ethical Management” 75 Mulitple Choice Que
Solved by verified expert:Answer 75 Multiple Choice Questions in the document.
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Question 1
________ is typically not referred to as a buffer type in critical chain project management.
Resource buffer
Free buffer
Feeding buffer
Project buffer
1 points
Question 2
A company has to make a choice between two projects, because the available resources in money and
kind are not sufficient to run both at the same time. Each project would take 9 months and would cost
$250,000.
1. The first project is a process optimization which would result in a cost reduction of $120,000 per year.
This benefit would be achieved immediately after the end of the project.
2. The second project would be the development of a new product which could produce the following
net profits after the end of the project:
1. year: $ 15,000
2. year: $ 125,000
3. year: $ 220,000
Assumed is a discount rate of 5% per year. Looking at the present values of the benefits of these
projects in the first 3 years, what is true?
Both projects are equally attractive.
The first project is more attractive by app. 7%.
The second project is more attractive by app. 5%.
The first project is more attractive by app. 3%.
1 points
Question 3
A production process has been defined as part of an industrial equipment manufacturing project. The
process is intended to produce steel bolts with a length of 20 cm. The control limits are 19.955cm and
20.045cm. The measurements made at the end of the process yielded the following results: 20.033cm,
19.982cm, 19,995cm, 20.006cm, 19.970cm, 19.968cm, 19.963cm, 19.958cm, 19.962cm, 19.979cm,
19.959cm.
What should be done?
The process is under control. It should not be adjusted.
A special cause should be investigated, the process should be adjusted.
The control limits should be adjusted.
The measuring equipment should be recalibrated.
1 points
Question 4
Your project management team includes two external consultants each from a different company. You
found that repeated conflicts between the two consultants already slow down project progress and
jeopardize achievement of objectives.Which stage of team development can be difficult to overcome in
such a situation?
Storming from Forming, Storming, Norming, Performing
Panic from Enthusiasm, Panic, Hope, Solution
Kickoff from Assignment, Kickoff, Training, Communicating
Frustration from Direction, Frustration, Cooperation, Collaboration
1 points
Question 5
During a project, earned value analysis is performed, resulting in the following numbers: EV: 523,000;
PV: 623,000; AC: 643,000.
Which results are correct?
CV: +120,000; SV: +100,000
CV: +100,000; SV: +120,000
CV: -100,000; SV: -120,000
CV: -120,000; SV: -100,000
1 points
Question 6
A project manager spent some days to create a multi-page document, which he called project charter.
The document should have been issued by the project sponsor. The sponsor found the document
outsized and asked for a condensed document. Which of the following is usually not an element of the
project charter?
The authority level of the project manager
Detailed control account and work package descriptions
The business need that the project was undertaken to address
High-level risks
1 points
Question 7
A document called ____________ is created by decomposing the project scope into smaller, more
manageable elements.
Scope Statement
Network Logic Diagram
Work Breakdown Structure
Requested Change
1 points
Question 8
Which of the following tools is used to create a risk management plan?
Risk planning meetings
Documentation reviews
Data precision rankings
Diagramming techniques
1 points
Question 9
In order to speed up a project, you made a decision to fast-track a phase currently performed with five
team members, and another one which was planned to begin in four weeks time with another five team
members. Which of the following activities should you do first?
Make sure that all exit criteria of the consecutive phase have been met to ensure the flow
of communications in a team situation which is more complex by a factor of 2.
Make sure that all entry criteria of the previous phase have been met by planning and
performing a phase gate meeting to assess technical aptness.
Make sure that all exit criteria of the previous phase have been met by planning and
performing a phase gate meeting to assess technical performance.
Restructure your team and delegate tasks in order to ensure the flow of communications
in a team with the number of communication channels increased by a factor of 4.5.
1 points
Question 10
A project manager has been asked to support an internal project request by developing a business
case. What kind of information is the person expected to provide in the document?
The detailed information from a business standpoint to determine whether bidding for the
customer project will be successful.
The detailed information from a project management standpoint to determine whether
the project will be successful.
The detailed information from a technical standpoint to determine whether the project
will be successful.
The necessary information from a business standpoint to determine whether the project is
worth the investment.
1 points
Question 11
You found the following earned value analysis information for a project that was recently closed-out: SPI
= 0.7, CPI = 1.0
The project has been cancelled while it was executed. At that time the project was behind
schedule and on budget.
The project’s deliverables have all been finished. The project came in behind schedule but
on budget.
The project’s deliverables have all been finished. The project came in ahead of schedule
but on budget.
The project’s deliverables have all been finished. The project came in on schedule but over
budget.
1 points
Question 12
Which should be included in a requirements management plan?
The document should trace requirements to project scope / WBS deliverables.
It should describe how requirements activities will be planned, tracked, and reported.
It should trace high-level requirements to more detailed requirements.
It should trace requirements to business needs, opportunities, goals, and objectives.
1 points
Question 13
In a traditionally drawn decision tree, a circle represents ___________.
a chance to which no expected monetary value can be assigned so that a likely pay-off can
not be shown.
a decision to which no expected monetary value can be assigned so that a likely pay-off
can not be shown.
a chance to which an expected monetary value may be assigned to calculate the most
likely pay-off.
a decision to which an expected monetary value may be assigned to calculate the most
likely pay-off.
1 points
Question 14
A project management team has subcontracted work to a service company. Which of the following tools
is the best choice to assure that this company will be able to meet the quality requirements of the
project?
Quality audit
Deliverable inspection
Fixed price contract
Service level agreement
1 points
Question 15
With your team you are using judgment from subject matter experts to identify and analyze project
risks. There is a small number of experts available, but some of them have long been in a teacherstudent or manager-assistant relationship.
Which of the following techniques can ensure best that there is no dominating opinion during an expert
review?
Peer review
SWOT analysis
Delphi technique
Monetary value calculation
1 points
Question 16
You are running a project for a customer based on a cost-reimbursable contract with the following
terms:
Target costs: $ 1,000,000
Fixed fee: $ 100,000
Benefit/cost sharing: 80% / 20%
Price ceiling: $ 1,200,000
Which is the PTA (= point of total assumption, break point) of the project?
$1,300,000
$1,500,000
$80,000
$1,125,000
1 points
Question 17
During execution of a project which is performed for a customer on a T&M (time and material) contract
base, a new project manager is taking over the assignment. He discovers that two members assigned to
the project have charged time without performing any work for the project customer. Upon further
investigation, he determines that this occurred because there have been no other project assignments
open for these employees. The customer is unaware of these facts.
What should the project manager do?
Try to find some productive work for these staff members in the project and leave them
on the team.
The best thing is to do nothing. The customer will not realize the problem anyway.
Try to find a responsible person for the over-assignment who can be made accountable.
Take the two people off the team immediately and arrange for the refund of the excess
charges to the customer.
1 points
Question 18
Start dates in the following network logic diagram are defined as early morning, finish dates are
evening.If tasks are scheduled to begin at early start date, what is true?
Activity B has a free float of 10 d.
Activity B has a total float of 10 d.
Activity A has a free float of 10 d.
Activity A has a total float of 10 d.
1 points
Question 19
Your project is executed with a globally spread virtual team. The project progress has been found to be
too slow. Which measure is most likely to immediately speed up the project?
Technical training for all team members
Daily phone conferences and detailed reporting
A team meeting at a location convenient to all team members
Collocation of team members at a suitable place
1 points
Question 20
A project management team wants to procure some customized products which are available in
identical grade and quality from many vendors. What should be included in the procurement package to
ensure that their offers will be comparable?
A statement of work describing the needs of the project in sufficient detail to enable
vendors to make suitable proposals
A statement of work specifying attributes and metrics of the requested deliverables in
detail to allow vendors submission of bids
The approved project scope statement, the WBS which should be broken down to work
package level and the WBS dictionary
The risk management plan and the reports from those risk management reviews which
have been made so far
1 points
Question 21
Which of the following becomes increasingly important in a virtual team environment?
Requirements engineering
Communication planning
Formal procurements closure
Network diagramming
1 points
Question 22
You are assigned as the project manager to a project which is executed for a customer under FP
contract. Your customer informed you this morning that they insist on certain “refinements” of the
project scope. You agree that the requested actions make really sense to the project, but believe that
they constitute a major change increasing the project scope. What should you do next?
Accept the request of the customer. Diligently document the additional costs and working
hours spent by yourself and the team on the implementation of the change and invoice
these to the customer at appropriate rates.
Perform earned value analysis to assess the current status of the project and get all the
numbers you need to communicate the case to the change control board which then will
have to make the best decision regarding the customer request.
Check the contract, the project charter, the scope statement and other documents related
to the project and the contract. Implement ADR (alternative dispute resolution)
procedures if the conflict cannot be resolved otherwise.
Talk to the project sales department and find a joint solution with them how to best reject
the request considering the commercial and strategic value of the customer to the
organization you are working for.
1 points
Question 23
A prime contractor in a customer project under CPFF contract has run into unexpected technical
problems. Fixing them will require a lot of additional work to be done. The company made a decision to
book more staff and equipment from their subcontractors in order to adhere to the agreed timeline. The
customer agreed to this decision. What will most likely happen?
The contractor‘s indirect costs will increase and the customer‘s payment for them will
increase, too.
The contractor‘s indirect costs will increase, but the customer‘s payment for them will not
increase.
The contractor‘s indirect costs will not increase, but the customer‘s payment for them will.
Both the contractor’s indirect costs and the customer‘s payment for them will not
increase.
1 points
Question 24
A project management team is evaluating the causes that might contribute to unsatisfactory
performance and quality. Which of the following statements is not true?
Normal process variation is attributable to random causes and sometimes also called
“white noise”.
Special causes are easier to predict and handle than random causes (also called common
causes).
Special causes are unusual events which are difficult to foresee and often produce outliers.
A process can be optimized to limit the bandwidth of variations due to random causes.
1 points
Question 25
You are performing a project management audit in your company and find that most of the project
plans are neither consistent nor up-to-date.Which of the following statements is not true?
Projects should never be executed without a valid, updated and working project
management plan.
The consistency of the project management plan is secondary because it is only the results
that matter.
A great deal of effort is required to develop and update a project plan, but the benefits
include less pressure on all stakeholders and a resulting product that will satisfy the
requirements.
Poor planning and insufficient updating of project management plans are common reasons
for cost and time overruns.
1 points
Question 26
You want to perform active risk acceptance. What should you do?
Create contingency reserves in resources, money and time.
Develop a plan to minimize impact in case that an identified risk occurs.
Develop a plan to minimize the probability of occurrence for identified risks.
Make additional resources available to speed up the project.
1 points
Question 27
A project manager made 3-point estimates on a critical path and found the following results:
Assuming ±3 sigma precision level for each estimate, what is the standard deviation of the allover path?
App. 4.2 days
App. 5.2 days
App. 6.2 days
You can not derive the path standard deviation from the information given.
1 points
Question 28
When do bidder conferences normally take place?
After the contract has been awarded to keep alternatives open.
After submission of bid or proposal, but before contract award.
Prior to the submission of a bid or proposal by the bidder.
After technical meetings with bidders to discuss contract requirements.
1 points
Question 29
What is defined by control limits?
A measuring instrument solely used to describe process capability. The process is found
capable if the ±3 sigma range is exceeded by not more than 0.3% of a tested sample lot.
The limits of the six sigma area on either side of a control chart to plot measured values;
data found outside the area are out of specification and can lead to rejection of an entire
batch.
The area consisting of typically three standard deviations on either side of a mean value of
a control chart to plot measured values found in statistical quality control
The area consisting of typically three standard deviations on either side of a mean value of
a control chart to plot measured values found in quality assurance
1 points
Question 30
The scope baseline consists of what?
Scope statement, WBS, and WBS dictionary
Cost baseline, quality baseline and schedule baseline
Configuration management plan and configuration identification document
Procurement statement of work and project scope statement
1 points
Question 31
Activity 1 has a duration of 20 days, activity 2 of 10 days, activity 3 of 5 days and activity 4 of 6 days.
What is the minimum total duration between the milestones A and B?
36 days
37 days
39 days
42 days
1 points
Question 32
Which tool and technique is used in the processes Create WBS and Define activities?
Nominal group technique
Human resource assignment
Brainstorming
Decomposition
1 points
Question 33
Which of the following statement(s) on whistleblowing is/are not true?
a. It is a term used to define an employee’s decision to disclose information on unethical, immoral or
illegal actions at work to an authority figure.
b. An employee should always discuss the matter with people external to the company before
following the “chain of command” and discuss it with the immediate superior.
c. The consequences of whistleblowing are often extreme and might include being branded as an
owner of bad judgment, layoff, civil action and imprisonment.
d. Carefully performed whistleblowing can lead to the end of unethical business practices.
a
b
b, c
c, d
1 points
Question 34
Which of the following statements is not true?
Attribute sampling is the process of assessing whether results conform to specifications or
not.
Prevention means keeping errors out of the process by applying actions before the process
starts changing its input.
Variables sampling means that the result is classified into one of the 3
categories:”acceptable” – “acceptable after rework” – “rejected”.
Inspection is often mainly done to keep errors out of the hands of the customer instead of
as a means of process control.
1 points
Question 35
Which statement describes best why you should document assumptions?
Assumptions might prove to be wrong. Knowing which assumptions were incorrect allows
baseline adjustments in case of project crisis.
Assumption analysis is a valuable tool and technique to explore the validity of assumptions
during risk identification.
Assumptions limit the project management team’s options for decision making because
they can not be controlled by the team.
In case of schedule or budget overruns, the documentation of assumptions supports a
clear assignment of responsibility.
1 points
Question 36
Which is normally not regarded as an element of cost of quality?
Prevention costs
Maintenance cost
Appraisal costs
Failure costs
1 points
Question 37
You have recently been assigned as a project manager to a new B-O-T (build, operate, transfer) capital
project. Reviewing the initial documentation you found out that it has been calculated with a very small
margin during operations of its product for the shareholders. What should you do?
As you are not responsible for lifecycle costing, you don’t have to worry about operation
profits. Focus on project costs from initiation through handover.
Ensure maximum profits by buying the best and cheapest items, components and
modules―potentially from a big number of different suppliers―and integrating them.
Create a realistic plan broken down to a sufficient level of detail. Perform all risk
management processes. Ensure real-time communications with all stakeholders.
Try to get a second project manager assigned to share decision making and accountability
to shareholders with the person.
1 points
Question 38
A project is handled by departments of an organization and expedited by a project coordinator. Which
of the following statements is most likely to be true?
The performing organization is a weak matrix.
The performing organization is doing “management by projects”.
The performing organization is a strong matrix.
The performing organization is projectized.
1 points
Question 39
You are project manager in a global project with a team consisting of people from various countries.
What can you try to prevent misunderstandings due to cross-cultural differences?
Use all communication methods available that are suitable for the team and follow up in
writing when communicating verbally. Remember that cultural and individual diversity
may help project teams solving unforeseen problems during the course of the project.
When you are about to form a team for your project, keep in mind that some cultures are
developed, others are more primitive. Some have values, some not. Y …
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