Questions ???? 27 July 2012
Question: You are in the process developing a project schedule for repainting your house. In order to repaint your house, you first need to scrape off the existing paint, and then add a layer of primer. The primer provides the paint a better
bonding surface so it sticks to the base material much better. Without priming, drywall surfaces will soak up more finish paint in some areas than in others, producing a splotchy effect.
You decided to speed up the process by starting priming before all the scraping is finished. However, once the primer is applied, you must wait until the primer dries before adding on the actual paint. You estimate that it will take 8 hours for the primer to dry. To correctly sequence these activities, which of the following should you do?
(A) Add a lead time to the priming task with respect to scraping, and a lag time to the priming task with respect to
(B) Add a lead time to the priming task with respect to scraping, and a lead time to the priming task with respect
(C) Add a lag time to the priming task with respect to scraping, and a lead time to the priming task with respect to
(D) Add a lag time to the priming task with respect to scraping, and a lag time to the priming task with respect to
Question: You are a project manager at a large automobile manufacturer. The company is investigating whether to open a new manufacturing plant in China to reduce overall manufacturing costs. The project requires a $150M initial investment and will take 5 years to complete. After 5 years, the projected savings from the project will be $35M a year indefinitely.
The company recently issued convertible bonds at 8% to fund the new project. Each bond is convertible into 5 shares of stock. The company already has $140M in equity and $170M in debt. The company cost of equity is 15%. The company tax rate is 35%.
After comparing the project savings against the cost of capital and project risks, the project steering committee has approved the project. The project charter has just been issued, assigning you as the project manager for the project. What is your BEST next step?
(A) identify alternatives and different approaches to execute and perform the work of the project
(B) determine whose interests should be taken into account throughout the project.
(C) analyze the project risks
(D) define and document stakeholders' needs to meet the project objectives
Question:According to the PMI, who should develop the project charter?
(A) The customer
(B) Project sponsor that is part of the project organization
(C) Project initiator external to the project organization
(D) The project manager
Question:Which of the following statements regarding configuration management systems is LEAST true?
(A) Configuration management systems provide mechanisms to manage risks and implement risk response
(B) Configuration management systems establish a method to consistently identify and request changes to
(C) Configuration management systems provides opportunities to improve project by considering impact of
(D) Configuration management systems provide mechanisms to communicate changes to all stakeholders
Question: All of the following statements regarding Control Accounts are true EXCEPT:
(A) A control account is an assigned WBS level used to monitor cost and schedule performance of significant
element of work
(B) Each work package / planning package may be associated with only one control account
(C) None of the choices are correct
(D) Control accounts are also referred to as cost accounts