Question 1

Which of the following is described as placing responsibility for addressing the potential effects of an uncertain future event on an entity outside the organization?

Accepted Answer

Risk transfer involves transferring the responsibility for addressing the potential effects of an uncertain future event to an entity outside the organization.

Question 2

Which of the following activity sequencing techniques uses nodes to symbolize the dependencies of each activity?

Accepted Answer

Arrow Diagramming Method uses nodes to symbolize the dependencies of each activity.

Question 3

In a project with a ??? of $235,000, the CPI is 0.80, and the SPI is 1.20. Based on this information, which of the following can the key stakeholders determine about the project?

Accepted Answer

The CPI is less than 1, which means that the project is over budget. The SPI is greater than 1, which means that the project is ahead of schedule.

Question 4

The project team is not comfortable moving an expensive material. A third party is hired to move the material. This is an example of risk:

Accepted Answer

Risk transference is the process of transferring the risk of loss or damage to a third party, such as an insurance company or a contractor. In this case, the project team is transferring the risk of moving the expensive material to a third party.

Question 5

A sponsor requests that the project team shorten the completion of a project by two months to give the sales team more leverage in renegotiating the contract with the client. The budgeted time is 500 hours, and the projected earned value is $30,000.  Which of the following represents the cost variance for both project completions?

Accepted Answer

The answer of A sponsor requests that the project team...

Question 6

A post implementation review is being performed as a part of project closure. Which of the following are applicable areas that the review should cover? (Choose two.)

Accepted Answer

Lessons learned during the project and identifying the key project achievements are applicable areas that the review should cover.

Question 7

Which of the following risk strategies is represented by the purchase of insurance?

Accepted Answer

Purchasing insurance is a risk transfer strategy, as it shifts the financial burden of a potential loss to the insurance company.

Question 8

The business stakeholder has been engaged late and has just had a chance to review the approved requirements. Consequently, it has been identified that there are a number of gaps in the requirements which are critical to the stakeholders's business unit. Which of the following actions should the project manager take?

Accepted Answer

Initiating change control is the appropriate action to address the gaps in the requirements, as it allows for formal evaluation and incorporation of necessary changes to meet the stakeholder's needs.

Question 9

Task B is not planned to start until Task A is completed. Task A is delayed and will not be completed on time. Starting Task B prior to Task A completing is an example of:

Accepted Answer

Fast tracking involves performing tasks in parallel that were originally planned to be done sequentially, which is what starting Task B before Task A is completed represents.

Question 10

Resources for a project report to a project manager and a functional manager. The organizational structure is:

Accepted Answer

In a matrix organizational structure, resources report to both a project manager and a functional manager.

Question 11

A project manager is trying to ensure the quality of the design and reduce the number of potential defects. The project manager would like to use the fishbone diagram to perform this analysis. This type of modeling relies on:

Accepted Answer

The fishbone diagram, also known as the Ishikawa or cause-and-effect diagram, is used to identify and analyze the causes of a specific event or problem.

Question 12

Which of the following techniques modifies the schedule based upon resource constraints?

Accepted Answer

The Critical Chain Method modifies the schedule based on resource constraints by focusing on resource availability and buffers to ensure project completion.

Question 13

The design activity of a project has the following cost attributes: PV = 100,000 EV = 20,000 AC = 90,000 Based on this scenario, calculate the schedule variance.

Accepted Answer

Schedule Variance (SV) is calculated as EV - PV. Here, SV = 20,000 - 100,000 = -80,000.

Question 14

A daily standup Scrum meeting is BEST accomplished in a:

Accepted Answer

A face-to-face meeting is the most effective way to conduct a daily standup as it facilitates better communication, engagement, and quick resolution of issues among team members.

Question 15

Ann, one of the affected stakeholders, feels that the project team has not been giving periodic stakeholder updates and that her input has not been taken into account. Which of the following should the project manager do to ensure stakeholder expectations are met?

Accepted Answer

Regular face-to-face updates ensure that stakeholders like Ann are kept informed and can provide input, addressing her concerns about communication and involvement.

Question 16

Team members have reported poor sound quality during critical, time-sensitive conference calls. Which of the following may be a more effective means of communication?

Accepted Answer

One-on-one meetings allow for immediate feedback and clarification, which can help to improve sound quality.

Question 17

A risk with a high probability and medium consequence to a project has been identified. In response, the project manager has purchased an insurance plan with the intent to provide additional funds if the risk is realized. There is no risk to the schedule or scope. Which of the following types of risk strategies is this an example of?

Accepted Answer

Purchasing insurance is an example of transferring risk, as it shifts the financial impact of the risk to another party (the insurer).

Question 18

The project manager is reviewing the earned value of work completed compared to the planned value and is representing it in a dollar figure. This type of analysis is an example of which of the following?

Accepted Answer

The answer of The project manager is reviewing the earned...

Question 19

A PM receives notification that an issue will impact a deliverable on the critical path. The issue is logged with a unique ID and assigned to a team member; however, the team member has not addressed it after a week. Which of the following would be the BEST approach to resolving the issue?

Accepted Answer

Reviewing the issue with the assigned team member to determine a due date encourages collaboration and accountability, ensuring the team member understands the urgency and has a clear timeline for resolution.

Question 20

When an action is taken on a risk, which of the following is being done and which document needs to be updated?

Accepted Answer

When an action is taken on a risk, it is typically about mitigating the risk, and the risk register is the document that should be updated to reflect the actions taken and any changes in the status of the risk.

Exam 11: CompTIA Project+