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PJM Exam With 100% Correct Answers
Project management - CORRECT ANSWER✔✔planning, scheduling, and orchestrating of project activities to achieve objectives within a specified period of time. How to manage project teams - CORRECT ANSWER✔✔Gain the trust of your team Listen to everyone's opinion Explain your decisions Lead by example Essential activities - CORRECT ANSWER✔✔Defining the project scope and objectives Developing a schedule Creating a budget Assembling a project team Monitoring the project's progress Communicating with stakeholders Managing risks to the project 4 phase precess - CORRECT ANSWER✔✔Planning, buildup, implementation, phaseout The project sponsor - CORRECT ANSWER✔✔the individual who has authorized the project Contributors, customers, managers, and financial staff - CORRECT ANSWER✔✔Contributors, customers, managers, and financial staff
Anyone affected by the project's activities or outcomes - CORRECT ANSWER✔✔including individuals who may have to do their work differently because of the project People who contribute resources to the project - CORRECT ANSWER✔✔such as space, staff members, time, tools, equipment, and money SMART - CORRECT ANSWER✔✔Specific, Measurable, Attainable, Realistic, Timely Portfolio Management - CORRECT ANSWER✔✔You are a manager at Chenco LTD. Your job responsibility is to align components (projects, programs, or related operations) to the organizational strategy, organized into portfolios or subsidiary portfolios to optimize project or program objectives, dependencies, costs, timelines, benefits, resources, and risks. This is known as: The product life cycle is contained within the predictive project life cycle. - CORRECT ANSWER✔✔Which of the following statements about the project life cycle and the product life cycle is NOT true? Cost and staffing levels are generally steady throughout the project life cycle. - CORRECT ANSWER✔✔All of the following are true about project phases and the project life cycle, EXCEPT: The PMBOK® Guide is the standard for: - CORRECT ANSWER✔✔Managing most projects most of the time across many types of industries. Which of the following statements best describe a project? - CORRECT ANSWER✔✔A temporary endeavor undertaken to create a unique product, service, or result. Which of the following processes is included in Project Integration Management? - CORRECT ANSWER✔✔Develop project management plan.
All of the following are inputs to Manage Project Knowledge, EXCEPT: - CORRECT ANSWER✔✔Knowledge management. All of the following are characteristics of the project charter, EXCEPT: - CORRECT ANSWER✔✔It is used primarily to request bids for a project or a specific phase of a project. Which of the following is NOT true about tools and techniques of Perform Integrated Change Control? - CORRECT ANSWER✔✔They include project plan updates. Outputs of the Monitor and Control Project Work process include all of the following, EXCEPT: - CORRECT ANSWER✔✔Final product, service, or result transition. The term portfolio management refers to: - CORRECT ANSWER✔✔The centralized management of one or more portfolios to achieve strategic objectives. Which of the following statements best describe the term program? - CORRECT ANSWER✔✔A group of related projects, subsidiary programs, and program activities managed in a coordinated manner. Which of the following statements best describes Project management? - CORRECT ANSWER✔✔The application of knowledge, skills, wisdom, science, and art to organizational activities to achieve operational excellence. Lessons learned documentation generally includes all of the following, EXCEPT: - CORRECT ANSWER✔✔Other types of lessons learned about communications management. A change control board (CCB) is: - CORRECT ANSWER✔✔A formally chartered group responsible for reviewing, evaluating, approving, delaying, or rejecting changes to the project, and for recording and communicating such decisions
A representative of senior management should be invited to the project launch meeting. - CORRECT ANSWER✔✔T A Project charter affirms that all major parties of interest are in agreement on .... (Select the 3 best answers) - CORRECT ANSWER✔✔schedule, cost, deliverables The work breakdown structure is one way to separate project activities by their level of importance. - CORRECT ANSWER✔✔F As a rule of thumb, the lowest level tasks in a typical project should not take longer than two days to complete. - CORRECT ANSWER✔✔F A finish-to-start linkage is the most common way of linking to successive task. - CORRECT ANSWER✔✔True Which of the following linkages is used to start two or more activities at the same time? - CORRECT ANSWER✔✔start to start The shortest time to complete a network is equal to the duration of the longest path through the network. - CORRECT ANSWER✔✔true AON and AOA networks can both be used to depict any project network. - CORRECT ANSWER✔✔true Milestones are not dependent on predecessors or successors in the project plan - CORRECT ANSWER✔✔False
Starting the building phase before the design and planning phases is called... - CORRECT ANSWER✔✔Fast Tracking A project that must be completed by a specific time is considered - CORRECT ANSWER✔✔time constrained According to research, the best overall priority rule is - CORRECT ANSWER✔✔minimum slack first A task is expected to take 20 hours of labor at $25 per hour. The required material cost is $ and the organization charges 30% of direct labor for overhead. The total task cost is - CORRECT ANSWER✔✔ 1150 Organizational culture has little or no impact on the firm's project budgeting. - CORRECT ANSWER✔✔F Learning curve theory states that performance of labor per unit will improve by a percentage each time production increases by the same percentage. - CORRECT ANSWER✔✔F The project budget serves as a project control - CORRECT ANSWER✔✔T Why is it necessary to consider the learning curve of resources on a project? - CORRECT ANSWER✔✔to estimate effort (and cost) correctly The amount of resources a project can use depends in part on the timing of the allocation - CORRECT ANSWER✔✔T
The as soon as possible priority rule is considered the standard scheduling rule. - CORRECT ANSWER✔✔T The estimating approach based on the collective judgments of top and middle managers is called: - CORRECT ANSWER✔✔top down The practice of assigning project team members to multiple projects is called... - CORRECT ANSWER✔✔multitasking All projects are carried out under conditions of uncertainty. - CORRECT ANSWER✔✔T Overhead and indirect charges should not be assigned to a project. - CORRECT ANSWER✔✔F Select the two best ways to resolve the overallocation in the example below: - CORRECT ANSWER✔✔Allow Resource A an additional 2.5 days to complete the Task Add a second worker to the task to help Resource A complete the work in 1 week "Determine Budget" is a process in the Project Cost Management Knowledge area and the ________ Process Group. - CORRECT ANSWER✔✔Planning rue or False: Increasing the duration of a project to level resources is an accepted and legitimate project management practice - CORRECT ANSWER✔✔True According to the PMBOK Guide, the definition of "Quality" is - CORRECT ANSWER✔✔"The degree to which a set of inherent characteristics fulfills requirements" You have been assigned to manage the process to select the best vendor to supply fuses for a new model coffee maker. Your company has had problems selecting the best vendor in past
According to the aggregate budget, what is the most expensive month for the Construction Project: - CORRECT ANSWER✔✔ 2 True or False: Increasing the duration of a project to level resources is an accepted and legitimate project management practice - CORRECT ANSWER✔✔T A __________ is a document that provides requirements, specifications, guidelines or characteristics that can be used consistently to ensure that materials, products, processes and services are fit for their purpose. - CORRECT ANSWER✔✔standard Which of the following is NOT a legitimate Risk Response? (Select the 1 best answer) - CORRECT ANSWER✔✔identifying risk Mechanisms to gather and store data rarely need to be designed. - CORRECT ANSWER✔✔F Which of the following is NOT a type of power that leaders use to influence others? - CORRECT ANSWER✔✔Authoratitive You are managing a small project team of 4 project team members. Your boss offers to double the size of the project team to 8 members. There are only 6 communications channels to manage in your current 4-person team. How many communications channels will you need to manage if the team membership is doubled to 8 members? - CORRECT ANSWER✔✔ 28 Which of the following is NOT a primary mechanism by which the PM exerts control with the Project Team? - CORRECT ANSWER✔✔audit reports Control is the collection, recording, and reporting of project information. - CORRECT ANSWER✔✔T
Which of the following is NOT a tool used to aid the PM in project control? - CORRECT ANSWER✔✔discounted cash flow analysis One way of linking planning and control is to monitor project progress on the Microsoft Project Plan Gantt chart. - CORRECT ANSWER✔✔True Communication is not complete until it is - CORRECT ANSWER✔✔sent, received and confirmed When a Project Manager updates a project plan, all of the following should be updated EXCEPT.... - CORRECT ANSWER✔✔Baselie The most important use of data gathered from monitoring is learning from mistakes. - CORRECT ANSWER✔✔F The most common source of changes to a project based on the natural tendency of the client and project team members to improve the project's output is called... - CORRECT ANSWER✔✔scope creep An overload of reporting is just as dangerous as underreporting. - CORRECT ANSWER✔✔T
