Madanswer Technologies Interview Questions Data|Agile|DevOPs|Python - Recent questions and answers in PMP

Answered: The risks in the Risk Register are updated as a part of each of the following processes:

Thu, 01 Oct 2020 03:10:25 +0000

Perform Qualitative Risk Analysis, Perform Quantitative Risk Analysis, Plan Risk Responses, Implement Risk Responses and Monitor Risks.

Answered: A binding contract is legally created when: Ch.12

Thu, 01 Oct 2020 03:10:04 +0000

There is an offer, acceptance, performance and consideration.

Answered: The component of the Resource Management Plan that describes when and how the project human resource requirements will be acquired is called the:

Thu, 01 Oct 2020 03:09:45 +0000

Team Management Plan.

Answered: FPIF is an acronym for: Gloss.

Thu, 01 Oct 2020 03:09:23 +0000

Fixed Price Incentive Fee

Answered: The Control Costs process includes all of the following except:

Thu, 01 Oct 2020 03:08:55 +0000

Developing the cost performance baseline.

Answered: All of the following statements are true about product and project life cycles except:

Thu, 01 Oct 2020 03:08:34 +0000

Generally a product lifecycle is contained within a project lifecycle.

Answered: As part of a successful communication, the receiver is responsible for:

Thu, 01 Oct 2020 03:08:14 +0000

Making sure the information is received in its entirety, understood correctly and acknowledged appropriately.

Answered: All of the following people developed management theories focused on motivation except:

Thu, 01 Oct 2020 03:07:48 +0000

Deming.

Answered: The project charter has all of the following characteristics except:

Thu, 01 Oct 2020 03:07:27 +0000

Its primary use is to request bids or proposals for the work it defines.

Answered: All of the following are true concerning enterprise environmental factors (EEF) except:

Thu, 01 Oct 2020 03:07:07 +0000

EEF do not include the organisations purchasing guidelines because this type of function is managed by the Accounts Department.

Answered: All of the following statements concerning the project scope statement are true except:

Thu, 01 Oct 2020 03:06:44 +0000

It is an output of the Validate Scope process.

Answered: The cost of quality includes all of the following except:

Thu, 01 Oct 2020 03:06:20 +0000

Buying professional indemnity insurance.

Answered: The responsibility assignment matrix (RAM) shows:

Thu, 01 Oct 2020 03:05:42 +0000

The connections between activities and project team members.

Answered: Project management process groups have all of the following characteristics except:

Thu, 01 Oct 2020 03:04:57 +0000

All of the process groups are needed on all projects and all of their interactions apply to each phase of a project as well as the overall project.

Answered: Which of the following represent a discretionary dependency?

Thu, 01 Oct 2020 03:04:12 +0000

The best answer is A

Not starting design until all of the approvals have been received.

Answered: All of the following tools and techniques are part of processes in the Executing process group except:

Mon, 14 Sep 2020 03:38:20 +0000

The best answer is B

i Managing changes is part of Integrated Change Control; this is part of

the Monitoring and Controlling process group.

ii The Executing process group consists of those processes performed

to complete the work defined in the project management plan to

satisfy the project specifications.

iii An output from Integrated Change Control is updates to the project

management plan to incorporate approved changes.

Answered: Which calculation is correct for the To-Complete Performance Index (TCPI) based on the Estimate At Completion (EAC)?

Mon, 14 Sep 2020 03:38:08 +0000

The best answer is D

i TCPI is the projection of the future cost performance that must be

achieved on the remaining work to achieve a management goal such as

the original Budget At Completion (BAC) or a calculated Estimate At

Completion (EAC).

ii All of these formulae use standard Earned Value Management

acronyms:

Option ‘a’ calculates EAC based on future work being performed at

budgeted rates

Option ‘b’ calculates TCPI based on BAC (the question asked for EAC)

Option ‘c’ calculates EAC based on future work being performed at the

same CPI as the completed work.

iii For more on TCPI see:

https://mosaicprojects.com.au/WhitePapers/WP1097_TCPI_in_EVM.pdf

Answered: A Pareto diagram shows: Ch.8

Mon, 14 Sep 2020 03:37:49 +0000

The best answer is C

i A Pareto diagram is a specific type of histogram, ordered by

frequency of occurrence – this is general information not specific to

the PMBOK.

ii It is used to show how many defects were generated by each

category of identified cause to allow remedial action to be focussed on

the most significant.

iii The Pareto principle (also known as the 80-20 rule) is different, see:

http://en.wikipedia.org/wiki/Pareto_principle

4 Integrated Change Control includes all of the following tools and

techniques except:

Answered: Integrated Change Control includes all of the following tools and techniques except:

Mon, 14 Sep 2020 03:37:29 +0000

The best answer is A

i Project plan updates are an output from Integrated Change Control.

ii Expert judgement and the change control meetings, of the change

control board are the defined tools and techniques for this process.

Answered: All of the following are true concerning expected monetary value (EMV) except:

Mon, 14 Sep 2020 03:37:10 +0000

The best answer is A

i EMV is calculated by EMV = probability * impact.

ii If there are several different possibilities, the EMV is calculated for

each option and the EMVs added together to give an overall, value.

iii Decision tree analysis is based on EMV.

iv NPV = Net Present Value, this is a different calculation.

Answered: Co-location is one of the techniques used to: Ch.9

Mon, 14 Sep 2020 03:36:49 +0000

The best answer is B

i Co-location involves placing the active project team members in one

location to enhance their ability to perform as a team.

ii This is one of the tools and techniques listed in the Develop Project

Team process.

iii Co-location may assist in improving the coordination and control of

the project’s work but this is a secondary benefit and consequently not

the best answer from the PMBOK’s perspective.

Answered: When managing a complex, cross functional project; which of the following structures will give the project manager the most authority?

Mon, 14 Sep 2020 03:36:32 +0000

The best answer is B

i Strong matrix organisations provide the project manager with a

similarly high level of authority to a projectized organisation and fulltime project administration staff.

ii Matrix organisations include both functional and projectized

management structures.

Answered: Leadership in a project environment should demonstrate all of the following characteristics except:

Mon, 14 Sep 2020 03:35:46 +0000

The best answer is D

i Whilst managing upwards (or advising upwards) is a key skill of the

project manager, it is not the primary focus of leadership.

ii The primary focus of project leadership is on developing the project

team and empowering them to achieve the project outcomes.

Answered: The processes included in project communication management are: Ch.10

Mon, 14 Sep 2020 03:35:32 +0000

The best answer is C

i This is a common type of question.

ii Collect Requirements is a Scope Management process.

iii Update project documentation is an output from a range of processes.

Answered: Which of the following is true concerning the work breakdown structure (WBS)?

Mon, 14 Sep 2020 03:35:12 +0000

The best answer is C

i The differences between the PBS and the WBS are relatively minor,

but this is not the best answer for the exam. See:

https://mosaicprojects.com.au/Mag_Articles/P028_PBS-v-WBS.pdf

ii The OBS is the document that defines the lines of management

responsibility within the project. The point where the OBS and WBS

intersect is known as a ‘control account’ and defines the manager

responsible for a section of the project work.

iii The BoM only describes the materials used in the work, not the other

elements of the project (eg, labour). The WBS defines all of the work

and consequently all of the costs.

Answered: All of the following are true of cost plus fixed fee (CPFF) contracts, except:

Mon, 14 Sep 2020 03:34:56 +0000

The best answer is D

i CPFF contracts pay a fixed fee to the seller based on the initial

estimated value of the work.

ii All allowable costs are reimbursed by the buyer.

iii The only time the fee will change is if the buyer changes the scope of

the work.

Answered: During a meeting with some of your project's stakeholders, you are asked to add to the project's scope of work. The project records contain

Mon, 14 Sep 2020 03:34:37 +0000

The best answer is A

i PMI expects the project manager to manage! The best thing to do first

is try to resolve the problem with the stakeholders. Only is that fails

should the problem be escalated to the sponsor.

ii Whilst planning and evaluation are normal 'first steps' in assessing a

change, this work was formally excluded from the project before the

Charter was signed. Therefore, it should not be added without the

sponsor's prior approval.

Answered: Analogous estimating when applied to a duration is:

Mon, 14 Sep 2020 03:34:17 +0000

The best answer is B

i Analogous estimating uses the duration from a similar completed

activity or project as the basis for the current estimate. This is a ‘top

down’ estimating technique used when there is little detailed

information available.

ii The critical path method is a precise set of calculations applied to the

schedule (including the estimated durations). It is not an estimating

process.

iii The PERT technique uses three-point estimates and a modified BETA

distribution to assess the probability of completing the project in a

given timeframe.

Answered: The code of accounts:

Mon, 14 Sep 2020 03:33:45 +0000

The best answer is B

i The chart of accounts refers to the accounting system, the code of

accounts to the WBS. Whilst these should be linked, they are not the

same.

ii Links between the WBS and the activities in the schedule are

required; however, this information is usually in a code field or a text

field, not the Task ID. There are likely to be several activities to each

WBS element and the WBS code of accounts is a fixed structure.

Task IDs can change.

Answered: A procurement audit will consider all of the following except:

Mon, 14 Sep 2020 03:33:20 +0000

The best answer is A

PMBOK audits are focused on process improvement. They review

how the system is working to learn lessons to apply to future

procurements both within the project and on other projects within the

organisation.

Answered: What should be the guiding principle for your project have to be compliant to the processes described?

Wed, 09 Sep 2020 03:05:48 +0000

The project team must select appropriate processes required to meet the project requirements.

Answered: What is triple constraint?

Wed, 09 Sep 2020 03:05:36 +0000

The three elements of triple constraint are Time, Cost and scope. It is also called as Project management triangle. One element imposes a limitation on others like change is project scope impacts project schedule and budget

Answered: What is Pareto chart and explain?

Wed, 09 Sep 2020 03:05:25 +0000

Pareto Charts plot out helps you figure out which root cause is responsible for the largest number of defects.

It is also called as 80/20 rule which means that that 80% of defects are caused by 20% of the root causes you can identify. So if you do something about that small number of causes, you can have a big impact on your project.

Answered: What is risk and issue?

Wed, 09 Sep 2020 03:05:14 +0000

Risk is nothing but an uncertain event or condition which, if it occurs, has a positive or a negative effect on a project objective such as time, cost, scope or quality. (PMBOK). It is a FUTURE event Issue – realized risk is nothing but issue; it is either a past or present event (i.e., occurred or occurring one)

Answered: Decomposition is the tool used predominantly for which process?

Wed, 09 Sep 2020 03:05:02 +0000

To create WBS and Define Activities are the processes where Decomposition is used predominantly

Answered: What are the different reserve types and explain it?

Wed, 09 Sep 2020 03:04:49 +0000

The two types of reserve are: Management and Contingency Reserve

Management Reserve – Is an estimated amount (5% total budget) added to the cost baseline and used for the unknown unknowns, it requires management approval to be used.

Contingency Reserve – The amount of funds, budget, or time needed above the estimate to reduce the risk of overruns of project objectives to a level acceptable to the organization. PM can approve.

Answered: Whom do you call as risk owner?

Wed, 09 Sep 2020 03:04:36 +0000

The person who is responsible for the response plan for the risk.

Answered: Can you please explain what is the difference between Quality and Grade?

Wed, 09 Sep 2020 03:04:21 +0000

Quality is the degree to which a set of inherent characteristics fulfil requirements (as per PMBoK v6)

Grade is a category assigned to products or services having the same functional use but different technical characteristics.

Important: while a quality level that fails to meet quality requirements is always a problem, low grade may not be.

Answered: Can you please explain what is respect as per PMI code of conduct?

Wed, 09 Sep 2020 03:03:37 +0000

It is a duty to show a high regard for oneself, others, and the resources entrusted

Answered: Can you please explain what is the difference manage quality and control quality?

Wed, 09 Sep 2020 03:03:27 +0000

Manage Quality is concerned with the managing the quality processes throughout the project whereas Control quality is concerned with comparing the results with the quality requirements to ensure the result is acceptable

Answered: Can you please explain what is an appropriate way to use the knowledge you gathered on the project management?

Wed, 09 Sep 2020 03:03:16 +0000

The best and appropriate way to share your knowledge with your colleagues and the professional community is in the form of lessons learnt documentation, books, articles, lectures, seminars etc

Answered: In any project, Can you please explain what is the most likely causes of conflict?

Wed, 09 Sep 2020 03:02:40 +0000

Schedule

Project priorities, resources and cost has the lesser order of frequency than schedule.

Answered: Can you please explain what is Halo Effect?

Wed, 09 Sep 2020 03:02:26 +0000

People has a tendency to think someone is good at anything, because he is good at one thing is called as Halo effect. As per PMI, this is not an acceptable practice hence should be avoided.

You are managing a project with:

AC = $25,350; ETC = $54,560; VAC= -$2,500; BAC= $92,000 & EAC= $95,100

Answered: Your sponsor asks you to forecast how much money you expect to spend on the remainder of the project. Which is the BEST estimate to use for this forecast?

Wed, 09 Sep 2020 03:02:11 +0000

$54, 560

The question asked you which number to use for a forecast of how much money you expect to spend on the rest of the project. Well, isn’t that the definition of ETC? Since you were given the value of ETC, you could just use that number!

You are managing a project with a total budget of $550,000. According to the schedule, your team should have completed 45% of the work by now.

But at the latest status meeting, the team only reported that 40% of the work has actually been completed. The team has spent $175,000 so far on the project.

Answered: How would you BEST describe this project?

Wed, 09 Sep 2020 03:01:55 +0000

Project is running with behind schedule and within Budget

If you want to evaluate how the project is doing with respect to the schedule and budget, you need to calculate CPI and SPI. The first step is to write down the information you have so far: BAC = $550,000, Planned %complete = 45%, actual % complete = 40%, and AC = $175,000.

Now you can calculate PV = BAC x planned% complete = $550,000 x 45% = $247,500.

And you can calculate EV = BAC x actual % complete = $550,000 x 40% = $220,000.

Now you have the information you need to calculate CPI and SPI. CPI = EV / AC = $220,000 / $175,000 = 1.25, which is above 1.0—so your project is within its budget. And you can calculate

SPI = EV / PV = $220,000 / $247,500 = .89, which is below 1.0 – so your project is behind schedule.

Answered: Which conflict resolution technique is most effective?

Wed, 09 Sep 2020 03:01:40 +0000

Confronting (problem Solving).

Confronting means figuring out the cause of the problem and fixing it. That’s the best way to be sure that the right decision is made.

This is the conflict resolution technique leads to Win-Win situation for both the parties.

Can you please explain what is the formula used to calculate number of communications channel between sender(s) and receivers(s)?

Answer: (N x (N-1)) /2

N – number of stakeholders including Project manager