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In a SWOT analysis, when you are able to convert threats into opportunities and weaknesses into strengths, it is known as:
  1. Conversion strategy
  2. Reverse strategy
  3. FMEA analysis
  4. Benefit realization

Q2. A project has experienced significant delays due to equipment problems, staff attrition, and slow client reviews. The project is 40 percent complete and has used 60 percent of the available calendar time. What is the FIRST thing you should do?

  1. Rebaseline the schedule to reflect the new date
  2. Analyze the critical path activities for potential to fast track or crash the schedule
  3. Document the lack of progress and associated issues to management
  4. Identify activities that required more time than planned 49
Correct Answer

Q3. You have a project with a budget of 100,000 USD. The duration of the project is 20 months, and the work is evenly distributed throughout the duration. After 10 months, you review the project’s progress and you find that 55% of the work is completed and 65,000 USD has been spent. Based on the above information, you come to the conclusion that:

  1. The project is behind schedule
  2. The project is ahead of schedule
  3. The project is under budget
  4. Not enough information
Correct Answer

Q4. The product manager for the product the project is developing notifies the project manager that she has decided the product should be able to be used by an additional market. The BEST thing for the project manager to do would be to:

  1. Immediately notify the project sponsor that there is a project scope change.
  2. Notify the project change control board that the project scope will have to change
  3. Inform the product manager that the potential impacts to the project will be reviewed.
  4. Do nothing, as this is an example of progressive elaboration.
Correct Answer

Q5. You are working on a project to build a canal for irrigation purposes. Six months have passed, and now the team is working as a well-organized unit. Team members are interdependent, working smoothly, and working effectively. What team formation stage is this?

  1. Performing
  2. Storming
  3. Norming
  4. Forming
Correct Answer

Q6. Three strategies that typically deal with negative risks or threats are:

  1. Enhance, Share, and Accept
  2. Transfer, Exploit, and Accept
  3. Avoid, Transfer, and Exploit
  4. Avoid, Transfer, and Mitigate
Correct Answer

Q7. Project coordination is enhanced through progress reporting, variance reporting, and team meetings. These are all forms of:

  1. Staffing management.
  2. Risk management.
  3. Time management.
  4. Communications management.
Correct Answer

Q8. Which statement BEST explains the phrase “Quality is planned in, not inspected in.”

  1. It is more expensive to determine quality by inspection than by planning it.
  2. Quality activities occur during the planning process group of the project
  3. Quality is part of planning, not inspection
  4. Planning for quality is after the fact.
Correct Answer

Q9. To manage a project effectively, work should be broken down into small pieces. Which of the following does NOT describe how far to decompose the work?

  1. Until it has a meaningful conclusion
  2. Until it cannot be logically subdivided further
  3. Until it can be done by one person
  4. Until it can be realistically estimated
Correct Answer

Q10. In an activity-on-node diagram, the nodes represent:

  1. Work packages
  2. Activities
  3. Dependencies
  4. Discretionaries 40
Correct Answer

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