PMP Lesson 6

Large variations in the periodic expenditure of funds are undesirable for organizational operations. Therefore, the expenditure of funds is frequently reconciled with the disbursement of funds for the project. According to the PMBOK, this is known as:

• Funding Limit Reconciliation

• Disbursement Reconciliation

• Expenditure Reconciliation

• Budget Reconciliation

The Earned Value Management methodology can be used to:

• Calculate the number of days left in the project

• Forecast future performance based on current performance

• Calculate the value provided to the customer

• Calculate the profitability of the project

Jack is the project manager of a project that is halfway through its execution. He is currently looking at the work schedule. He adjusts a few of the schedule milestones and imposes date constraints for some of the work packages. This relates to which of the following processes?

• Develop Schedule

• Control Scope

• Control Schedule

• Control Quality

As a project manager, you are concerned with both prevention and inspection of errors in a work product. The difference between prevention and inspection is:

• Inspection and prevention refer to the same activity depending on stage of the project the activity is done.

• Inspection refers to keeping errors out of the process; prevention rekeeping errors out of the customer’s hands.

• Inspection is work the Quality Control (QC) team does; the Assurance (QA) team does Prevention.

• Prevention refers to keeping errors out of the process; inspection rekeeping errors out of the customer’s hands.

Once a project’s business case has been approved, what should be done next?

• Conduct and cost-benefit analysis

• Create the project charter

• Identify market demand

• Identify and analyze project stakeholders and associated risks

You are setting up your project team, and you are looking at a chart that shows that Systems Development will perform programming, Infrastructure Systems will implement the infrastructure, and the Call Center will handle the customer communication. This is an example of what type of chart?

• Resource Breakdown Structure (RBS)

• RACI

• Organizational Breakdown Structure (OBS)

• Work Breakdown Structure

The X in the DfX can be:

• Discretionary dependencies

• Competing project constraints

• Different aspects of product development

• Design assumptions

An automotive designer uses a certain technique to determine which combination of suspension and tires will produce the most desirable ride characteristics at a reasonable cost. To do this, the designer employs a statistical framework and systematically changes all the important parameters instead of changing the factors one at a time. This method is known as:

• Nominal Group Technique

• Statistical Sampling

• Force Field Analysis

• Design of Experiments

As a project manager, you are in the process of establishing a knowledge management system for your project. Which of the following actions will be the least beneficial in this process?

• A review of the lesson learned register

• An examination of the resource breakdown structure

• Reading the requirements documentation

• Studying the project team assignments

A project manager had originally planned to use both of the company's industrial 3D printers simultaneously for a project but has just learned that one of them will be unavailable. The project manager adjusts the schedule so that the components are created sequentially using the one remaining 3D printer. Unfortunately, this action affects the critical path and delays the planned finish date of the project. What tool or technique has the project manager used in this situation?

• Resource leveling

• Fast tracking

• Resource smoothing

• Crashing