BCS ISEB-PM1 Exam Questions Free Practice Test

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Viewing questions 106-120 out of questions

Questions # 106:

Who has the cost risk in a fixed price (FP) contract?

Options:

The team

The buyer

The seller

Management

Expert Solution

Questions # 107:

All of the following statements about acceptance sampling are true except:

Options:

Acceptance sampling plans do not directly control the quality of a series of lots; they instead specify the risk of accepting lots of given quality.

Acceptance sampling plans are never effective at rejecting nonconforming units as 100 percent inspection, even when the inspection process is very tedious.

Acceptance sampling plans are not very effective for inspecting small lots of custom-made products.

Acceptance sampling plans are beneficial when the cost of inspection is high and the resulting loss of passing nonconforming units is not great.

Acceptance sampling plans are necessary when destructive inspections are required.

Expert Solution

Questions # 108:

Who is responsible for decide project management process for a particular project?

Options:

Sponsor

Project Manager

Stakeholders

Senior management

Expert Solution

Questions # 109:

All of the following are inputs to the quality process EXCEPT:

Options:

Organizational process assets.

Checklists.

Quality policy.

The project scope statement.

Expert Solution

Questions # 110:

Which process documents the business needs of a project and the new product, service or other result that is intended to satisfy those requirements?

Options:

Develop project management plan

Develop project charter

Develop preliminary project scope statement

Scope planning

Expert Solution

Questions # 111:

Formal written correspondence is mandated in which of the following situations:

Options:

Client requests additional work not covered under contract

None of the other alternatives apply

Both 1) Client requests additional work not covered under contract, and 2) Project manager calls a meeting.

Project manager calls a meeting

Product undergoes casual in-house testing

Expert Solution

Questions # 112:

Resource leveling _____________.

Options:

Attempts to reduce resource requirements within a constraint on project duration

Smooths out resource requirements by rescheduling activities within their float time.

Allocates resources to activities to find shortest schedule within fixed resource limits.

Smooths out resource requirements by substituting activities with unassigned resources.

1) Smooths out resource requirements by rescheduling activities within their float time, or 2) Attempts to reduce resource requirements within a constraint on project duration

Expert Solution

Questions # 113:

Which process involves aggregating the estimated costs of the individual schedule activities or work packages?

Options:

Cost baseline

Cost forecasting

Cost variance

Cost budgeting

Expert Solution

Questions # 114:

The erection of foundation formwork before the placement of foundation concrete would be an example of a _____ dependency.

Options:

Soft logic

Subcontracted

Mandatory

Discretionary

External

Expert Solution

Questions # 115:

During which process would you obtain stakeholders' formal acceptance of the completed project scope?

Options:

Quality control

Scope verification

Scope control

Close project

Expert Solution

Questions # 116:

A project manager is creating a risk response plan. However, every time a risk response is suggested, another risk is identified that is caused by the response.

Which of the following is the BEST thing for the project manager to do?

Options:

Document the new risks and continue the Plan Risk Responses process.

Make sure the project work is better understood.

Spend more time making sure the risk responses are clearly defined.

Get more people involved in the Identify Risks process since risks have been missed.

Expert Solution

Questions # 117:

Risk Event Status is defined as ________.

Options:

Both 1) the severity of the consequences, and 2) how likely the event is to occur with risk.

(Cost + Benefit + Business Risk) / Insurable Risk.

how likely the event is to occur with risk.

Risk Probability x Amount At Stake.

the severity of the consequences.

Expert Solution

Questions # 118:

A project manager discovers that two team members discussed what was needed to complete a work package on the project and made many changes to the project scope. The work package is now completed and the team members are planning to go on to the next work package. In looking at what was done, the project manager determines that the work does NOT meet the requirements of the project.

What is the BEST course of action for the project manager?

Options:

Add another work package, formatted with the correct scope, to the project.

Refuse the submittal of the work package.

Have the team begin the work package again and include the incident in their performance reviews.

Ask the team member's manager to assign different people to the work package.

Expert Solution

Questions # 119:

You are in the middle of a major new facility construction project. The structural steel is in place and the heating conduits are going into place when a senior manager informs you that he is worried that the project will not meet the quality standards.

What should you do in this situation?

Options:

Assure senior management that during the Plan Quality process it was determined that the project would meet the quality standards.

Analogously estimate future results.

Form a quality assurance team.

Check the results from the last quality management plan.

Expert Solution

Questions # 120:

Which of the following lists contain processes that are included within Project Procurement Management?

Options:

Plan purchases and acquisitions, plan contracting, request seller responses, select sellers

Plan purchases and acquisitions, request seller responses, select sellers, schedule control

Plan purchases and acquisitions, acquire project team, request seller responses, select sellers

Plan purchases and acquisitions, acquire project team, contract approval, select sellers

Expert Solution

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