BCS ISEB-PM1 Exam Questions Free Practice Test

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Questions # 16:

Final product transition is an output of which process?

Options:

Direct and Manage Project Execution

Close Project or Phase

Perform Integrated Change Control

Monitor and Control Project Work

Expert Solution

Questions # 17:

Your company, Kick That Ball Sports, has appointed you project manager for its new Cricket product line introduction. This is a national effort, and all the retail stores across the country need to have the new products on the shelves before the media advertising blitz begins. The product line involves three new products, two of which will be introduced together and a third one that will follow within two years. Product number three will be elaborated in more detail closer to the product's release date, while the first two products will be elaborated in great detail now. The scope management plan has just been completed.

Which of the following is true?

Options:

The WBS template from a previous project, a tool and technique of the Create WBS process, was used to create the WBS for this project. The WBS encompasses the major deliverables for the project.

Only the deliverables associated with the work of the project should be listed on the WBS. Since product number three isn't being released until a later date it should not yet be included on the WBS.

The WBS encompasses the full scope of work for the project and the technique in the question is called rolling wave planning.

The WBS should be created next, and it encompasses the full scope of work for the project. Only the work of the project is listed on the WBS.

Expert Solution

Questions # 18:

While implementing an approved change, a critical defect was introduced. Removing the defect will delay the product delivery.

What is the MOST appropriate approach to managing this situation?

Options:

Utilize the change control process.

Crash the schedule to fix the defect.

Leave the defect in and work around it.

Fast-track the remaining development.

Expert Solution

Questions # 19:

Which of the following terms indicates a deliverable-oriented hierarchical decomposition of the project work?

Options:

WBS directory

Activity list

WBS

Project schedule

Expert Solution

Questions # 20:

The major difference between PERT and CPM networks is:

Options:

PERT is measured in days whereas CPM uses weeks or months.

PERT addresses only time whereas CPM also includes cost and resource availability.

PERT requires three time estimates whereas CPM requires one-time estimate.

PERT is used for construction projects whereas CPM is used for R & D.

PERT requires computer solutions whereas CPM is a manual technique.

Expert Solution

Questions # 21:

Response Planning is the responsibility of the functional areas and considers ___________.

Options:

deflection.

contingency planning.

unforeseen occurrences.

All of the other alternatives apply.

mitigation.

Expert Solution

Questions # 22:

In general, attempts to smooth out period to period resources will _____ the scheduled time and _____ project costs.

Options:

Increase, increase

Decrease, decrease.

Increase, decrease.

Increase, increase or decrease.

Decrease, increase.

Expert Solution

Questions # 23:

What is the difference between expected monetary value and net present value?

Options:

Expected value is the estimated value of the work actually accomplished and net present value is the value of the work to be done.

Expected value is the value it takes to recover your investment and net present value is the value of money.

Expected value is the probability times impact of an opportunity and net present value is the benefits less costs over many time periods.

Expected value is the estimated value of risk response plans and net present value helps determine the value of investments.

Expert Solution

Questions # 24:

The project manager has performed schedule network analysis, compressed the schedule, and completed a Monte Carlo analysis.

What time management activity should be done NEXT?

Options:

Update resource requirements

Recommend corrective actions

Estimate Activity Durations

Create a milestone list

Expert Solution

Questions # 25:

Forecasts, requested changes, recommended corrective actions, and organizational process asset updates are all outputs of which process?

Options:

Risk response planning

Risk monitoring and control

Performance reporting

Manage stakeholders

Expert Solution

Questions # 26:

The PV is $1000, EV is $2000 and AC is $1500.

What is CPI?

Options:

1.33

2.00

0.75

0.5

Expert Solution

Questions # 27:

Control chart theory is based on the differentiation of the causes of variations in quality. Variations may be produced by assignable causes. All of the following are examples of assignable causes except:

Options:

None of the other alternatives apply (all are examples)

differences among materials.

differences among machines.

differences among workers.

differences in each of these factors over time.

Expert Solution

Questions # 28:

Which of the following inputs is required for the WBS creation?

Options:

Project Quality Plan

Project Schedule Network

Project Management Software

Project Scope Management Plan

Expert Solution

Questions # 29:

All of the following are correct statements about a project manager EXCEPT:

Options:

He or she is assigned after the project charter is created.

He or she may initiate changes to the project.

He or she manages changes and factors that create change.

He or she is held accountable for project success or failure.

Expert Solution

Questions # 30:

Stakeholder analysis identifies what information and relates it to the purpose of the project?

Options:

Requirements, influence, and functional department

Interest, requirements, and functional role

Requirements, expectations, and influence

Interest, expectations, and influence

Expert Solution

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