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You are project manager working on an agile project to develop a new IT solution for a customer. You work with the stakholders to figure out, what requirements the IT solution should meet. What is the best tool to develop and document the requirements in this situation?
Explanation:
A user story is an informal, general explanation of a software feature written from the perspective of the end user or customer. The other tools are no specific tools to determine and document requirements.
Wich of the following statements describes the term "quality" best?
Explanation:
Quality is defined as the degree to which the project's meets the deliverables.
What is not part of a value stream map?
Explanation:
A value stream map shows the process steps and activities as well as their connections. A swimlane is often the basis for a value stream map. In addition to the process steps the flow of information and the used technologies are also depicted alongside the process as well as different KPIs. The work in progress alongside the process is least likely to be a part of the value stream map.
You are project and the last report indicates, that the project has overrun ist initial budgeted costs. You can see this, because…
Explanation:
A CPI lower than 1 indicates that the Actual Cost for the project are higher than the Earned Value (which is the work done expressed in planned costs). Therefore, you can conclude that a project has overrun its budget, if the CPI is lower than 1.
What is the standard deviation?
Explanation:
The standard deviation is defined as the measurement of a range around the mean.
KPIs are used to monitor and evaluate the project's progress. What is not a characteristic of a good KPI according the SMART principles?
Explanation:
According to the SMART principles KPIs should be specific, meaningful, achievable, relevant, and timely.
You are project manager in a plan-driven project. Right now you are developing the schedule based on the estimates you have made with your project team. You are using the schedule network analysis to determine the critical path. What does a free float of 6 days for an activity indicate?
Explanation:
A free float is the amount of time an activity can be delayed without delaying ist successor activity while sill adhering to any imposed schedule constraints. Therefore, it says nothing about any delays of predecessor activities or a delay on the project end date. Just based on the free float you cannot assume that the activity is on the critical path.
What is meant by a waterfall approach in project management?
Explanation:
A waterfall approach is another term for a strictly sequential relationship of project phases, where a phase can only start if the predecessor is finished.
You are project manager in a construction project, where an existing oil pipeline should be extended. You are facing a vast stakeholder landscape with many different economic, social, and ecological standpoints and interests. Before you start planning the project, you work with your sponsor to determine, whose interest should be taken into account. What is the best tool, that might help you in this situation?
Explanation:
Since you are facing many different stakeholders with different opinions and interests, you need to structure and prioritize the stakeholder. By using a power-interest-grid the project manager and her sponsor are able to structure the vast stakeholder landscape by the interest a stakeholder shows in the project and the potential power the stakeholder has over the project. Engagement strategies (e.g., using questionaires and surveys) can later be developd based on the prioritization in the stakeholder grid.
The BAC for a project is 400.000 USD. The project is about 40% done and for the most time the work was executed as planned. Only a new machine had to be bought. The additional costs of 20.000 USD were not part of the initally planned budget. What is the current CPI of the project?
Explanation:
EV = 400.000 x 0,4 = 160.000 AC = 160.000 (work was executed as planned) + 20.000 (additional costs occured up to this point in time) = 180.000 CPI = EV/AC = 160.000/180.000 = 0,89
You are assigned as a project manager to a new project. The project is in the middle of execution. At first you want to take a look on the requirements, how they are implemented in the work packages, and what the status on the fulfillment of the requirements is. Which document should you read?
Explanation:
The Project Scope Statement (and by extension the Scope Baseline) contains the fixed and approved requirements for the project. The requirements documentation is mainly a list thats supports the process of gathering requirements with stakeholders until the Scope Baseline is fixed. Additionally, the requirements documentation contains no information on the status of the requirements. The requirements and information on the status over the entire course of the project are documented in the requirements traceability matrix.
You are project manager in an IT project. The last quality reports indicates that the recently developed IT solution still has some bugs. These bugs need to be fixed to get the deliverables approved by the client. You evaluate that the additional work to fix the bugs will cost the project 10.000 USD. What are these costs called?
Explanation:
The situation describes non-conformance costs or failure costs. Since the bugs need to be corrected before the deliverables are accepted, they are project-internal non-conformance costs.
You are project manager in a project that is nearly done. So far the project went well. Most of the work packages got finished on time and budget. For the remaining work packages you still have a financial reserve of 10.000 USD. You discuss the remaining work with your team and they state, that the work packages need addtional funding of 15.000 USD to get the work done properly. You decide to issue a change request to get the funding the project team needs. How much additional budget will you request from your sponsor?
Explanation:
Since the project still has a financial reserve for the remaining work of 10.000 USD, the project needs 5.000 USD additional funding.
Over the course of project stakeholder will influence the project on some level or another. This influence varies over time. During which stage of the project the stakeholder's influence is maximum?
Explanation:
The influence of the stakeholder is higher at the beginning of the project and decreases over time as the projects gets work and results done.
What is typically not part of a business case?
Explanation:
How resources will be released from a project is typically defined in the resource management plan. Overall guidelines for project management might influence and define this process, but those information are not part of business case. In general, a business answers the question, why project are undertaken by an organization, how the contribute the busiess strategy, and what strategic goals need to be achieved.
You are project manager assigned to a new project. The planning of the project is done and the work on the deliverables has started. You want to understand, what role and responsibility the different team members have. Where should you look for this information?
Explanation:
The Resource Management Plan provides information on the roles and responsibilities of different project members. It often includes an organizationals breakdown structure or some form of responsibility assignment matrix. The team charter encompasses values and guidelines for the team, but no information on individual roles and responsibilities.
Earned Value Management includes formulas for forecasting based on the given situation in a project. The Estimate at Completion (EAC) is such a forecasting indicator. What is typically not included in the calculation of the EAC?
Explanation:
The Variance at Completion is the difference betwenn the BAC and EAC. The formula for the EAC might include BAC, CPI, and SPI, depending on the situation and what formula you want to use for forecasting.
You are project manager of the project, that implements a new production process in an engineering company. The process is intended to produce steel bolts with a length of 30 cm. The control limits are 29.955cm and 30.045cm. The measurements made at the end of the test run yielded the following results: 30.033cm, 29.982cm, 29.995cm, 30.006cm, 29.970cm, 29.968cm, 29.963cm, 29.958cm, 29.962cm, 29.979cm, 29.959cm. What should the project conclude from this measurements?
Explanation:
The rule of seven is violated, since seven consecustive points are below the mean. The cause for this behaviour should be further investigated, even if the control limits are not violated.
What is good tool to find relationship in data sets?
Explanation:
A scatter diagram is the visual representation of a regression analysis and can be used to find relationships between two variables in a given set of data.
In an power-interest-grid, you have identified a stakeholder who has low power, but a high potential impact on the project. The proper management technique for this stakeholder is:
Explanation:
Stakeholders with low interest in the project, but a potentially high power, should be kept satisfied, so that the high power does not harm the project over the lify cycle. Since the stakeholders have a low interest, it is not likely, that the stakeholders will become actively engaged in the project, to make use of the high power. There is a high chance, that a strategy, where the stakeholders are managed closely, does not pay off and the efforts to manage those stakeholders will be wasted.
Control charts can be used to evaluate, whether or not a process works stable within certein limits. What is typically not a part of the control chart?
Explanation:
A correlation coefficient as part of a regression analysis is not depicted on a control chart.
The quality management plan is part of the overall project management plan. It describes how policies, procedures, and guidelines will be implemented to achieve the quality objectives and fulfill customers requirements. What is not part of the quality management plan?
Explanation:
Cost centers are not defined as part of the quality management plan. Often they are based on the Cost Baseline and the cost estimations for the work packages and are part of the cost management plan.
When developing a schedule, what is typically not considered a buffer in the schedule network analysis?
Explanation:
A resource buffer are additional resource reserve asigned to an activity. A project buffer is set bevor a milestone and fuctions as a buffer for all activities up to this milestone. A feeding buffer is set before an activity and can only be used by all activities up to this activity. A free buffer is typicall not a buffer in a schedule.
In Earned Value Management what formula should be used to calculate the to-complete-performance-index (TCPI)?
Explanation:
The formula for calculating the to-complete-performance-index is: TCPI = (BAC – EV) / (BAC – AC)
The sender-receiver-model shows, how information are exchanged via communication between two individuals. What is not part of the communication model?
Explanation:
A sender encodes an information in a message. This message is then forwarded to the receiver via a medium (e.g., the use of a communication technology). Noise is the disruption of a communication. Transpose is not part the communication model.
Which of the following statements is not true regarding project phases and the project life cycle?
Explanation:
While true for some projects, you cannot assume that costs, staffing levels, and resource usage is steady throughout the project. Quite the opposite is often the case. Costs and resource usage is low at the beginning, when the planning on the project begins, and increase over proportional, when the execution of the project starts.
The project life cycle is in short the sum of all project phases. How is a incremental life cycle defined?
Explanation:
The incremental life cycle is defined as a series of project iterations (short project phases) to develop a part of a deliverable (also called increments). This series of iteration adds functionality to the project deliverable or outcome within a predetermined time frame.
The program evaluation and review technique uses a modifed version of the three-point estimating technique. Which of the following is the so called PERT formula?
Explanation:
The PERT formula uses the wheigted three-point average. PERT = (Optimistic + (4 x Most Likely) + Pessimistic ) / 6"
The central document in risk management is often the risk register. What information is typically not found in the risk register?
Explanation:
The risk register contains information and assessments on the identified project risks. A meeting structure for further risk monitoring is documented in the risk management plan, which contains information on how risk management will be executed.
You are purchasing insurance for your project equipment considering how this is a long term project. What type of risk response is this?
Explanation:
This is an example of the risk transference, where the risk is transferred to another party. This nearly always involves a payment for the party taking the risk.
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