Answers

Q1: C – Explanation: The first part of the question is a red herring. The VP is asking about the lifetime of the deliverable i.e. the product. This is a question about the product status.

Q2: B – Explanation: The key job of the project manager is to meet the organization’s project objectives. PMBOK® Guide, p. 13.

Q3: B – Explanation: You always want to show the stakeholder the effects of their actions/inactions. C and D are wrong – the PM does not take unilateral action unless authorized to do so by the organization. Answers like A are usually wrong – this is the equivalent of “I’m telling the teacher what you did!”

Q4: D – Explanation: Did you pick BCR (B)? Without a documented breakdown of the benefits, you don’t know how much money you are making. Based on the information provided, the only project that has an identified, quantified return is project ‘A’. Answer a. is incorrect – we do not know the actual return based on the BCR. Answer b. is incorrect – a 15% IRR – fine… 15% of what? Answer c. is incorrect: payback of 2 years is nice, but what is the actual payback?

Q5: C – Explanation: The project statement of work provides the least level of detail – it is an input to develop the project charter and is an Initiating activity. It is a “narrative description of products or services to be delivered by the project” PMBOK® Guide, p. 75. It references the 1) Business need, 2) Product scope description (product characteristics) and 3) the Strategic Plan.

Q6: B – Explanation: Breaking the work down to the work package level. PMBOK® Guide, p. 116.

Q7: B – Explanation: By straight calculation: (P-O)/6 which translates to (40-10)/6 or 30/6 = 5.

Q8: C – Explanation: By definition the, critical path (CP) is the longest path through the network that contains no float or slack. PMBOK® Guide, p. 155. After the CP is created, there are schedule compression techniques that can be applied, but each of these techniques carries risk. (Fast track or crash).

Q9: A – Explanation: SV = EV-PV or in this case, +100.

Q10: C – Explanation: EAC is a forecast. PMBOK® Guide, p. 185