The proposal manager of your company approached you recently. You made some

estimates on direct costs for an offer on a firm fixed price contract. As indirect costs are

to be calculated as a percentage of the direct costs, the sum of both cost types led him to

calculating a far too high price. How should you not react?

A. You make the proposal manager aware that a reduction of direct costs may reduce the

numbers for overhead cost allocation, but will not influence the actual overheads.

B. You reduce your direct cost assessments by reducing the amount of work and the rates

allocated to them. This allows a reduction of the overhead costs and a lower price.

C. You say that there is no direct link between the price for work to be paid by a

customer and the costs occurring on contractor side. It is the sales person's job to make

the price.

D. Calculating overheads as a percentage of direct costs is just a model to simplify

calculations. A more specific analysis of these costs may lead to a more realistic project

price.

Answer: B

You are the project manager for the development of a new type of power plant. Your

project is making fast progress, and it is getting nearer to the day of product acceptance.

Which technique will be most important for product acceptance?

A. Audit

B. Impact analysis

C. Inspection

D. Team review

Answer: C

A work breakdown structure which has become part of a contract is often referred to as...

A. ...FWBS (Final WBS)

B. ...SWBS (Scoped WBS)

C. ...CWBS (Contract WBS)

D. ...MDBS (Mandatory WBS)

Answer: C

Which of the following documents is not used as input for product acceptance?

A. The Project scope management plan, it describes the acceptance process.

B. The Project scope statement, it describes the acceptance criteria.

C. The RACI matrix, it describes accountabilities in case of product rejection.

D. The Work breakdown structure (WBS), it describes the deliverables for acceptance.

Answer: C

You are just leaving a meeting, during which you have been assigned as the project

manager in a project to build a substation, which is part of a major electric power

distribution system. The decision to run the project has been made before your

assignment and without your involvement. Some basic decisions on deliverables,

staffing, budgeting and on the completion date have also already been made. What should

you do first?

A. Create a Project schedule for your project which shows all major milestones and

deadlines linked with them. Then try to obtain approval for the schedule.

B. Start developing a detailed Risk register which includes identified risks with their

qualitative and quantitative assessments and a response plan.

C. Obtain the documents which describe the project selection processes and make sure

that they describe all decision processes and their outcomes.

D. Start the Quality assurance process by developing test procedures for the final

deliverable and defining metrics against which the tests will be performed.

Answer: C

How should change management be planned for?

A. Changes are generally not predictable, therefore planning for change management

cannot be sensible.

B. Changes are a sign of bad planning. One should avoid changes during a project thus

eliminating the need to manage them.

C. Change management can be planned in a set of management plans or a specific change

management plan.

D. Planning for change management should be done while the various change control

processes are being applied.

Answer: C

You scheduled a kick-off meeting in order to announce the start of your project, present

the plan and develop consensus on it. Another topic will be explanation of each team

member's role. In addition, you planned some time for discussions.

You published the agenda of the kick-off meeting some weeks ago to all invited

attendees.

Now, short term before the event, you receive various cancellations by team members,

who say that they cannot join the meeting. But they will be with you when project work

will start.

A. If you force team members' presence, they would anyway be distracted by their

current problems.

B. It is probably a good idea to reschedule the meeting to a day, when all team members

can attend.

C. You should insist on the presence of the team members to the appointed date.

D. The kick-off meeting is secondary, you are happy if the team members will do their

jobs.

Answer: C

In Configuration management, which of the following is necessary to maintain the

integrity of Baselines?

A. Releasing only approved changes for incorporation into products or services.

B. Ensuring that team members adhere to a code of ethical conduct and behavior.

C. Analyzing variances by comparing baseline information with actual project data.

D. Ensuring transparency across all project management processes and activities.