BCS ISEB-PM1 Exam Practice Test Instant Access

Question 1

What is a cost of nonconformance?

ARework

BInspections

CTraining

DTesting

Answer : A

Question 2

A non-critical path activity is completed in half the time. Then,

AAll of the other alternatives apply.

BThe slack in the path containing this activity will increase.

CThe total cost for this activity has decreased.

DThe critical path is also reduced.

EManpower from this activity can be assigned to other activities.

Answer : B

Question 3

You are a project manager for Pizza Direct, which is a retail pizza delivery store. Your company is competing with another retail store for the option of opening two new stores in a foreign country. You have been invited to dinner with the prospective foreign business partners and their spouses upon your arrival. You know that all of the following statements are generally true except for which one?

AYou should respect the cultural differences you'll encounter when working with your prospective foreign business partners.

BYou should build an atmosphere of mutual trust and cooperation.

CYou should spend time building relationships with your prospective foreign business partners before getting down to business.

DYou should explain your company's rules, standards, and operating policies at your first meeting with the prospective foreign business partners.

Answer : D

Your first meeting with foreign partners should be spent getting to know them on a personal basis. Many cultures like to spend time building relationships first and then talking business. Since you've been invited to dinner upon your arrival and the dinner includes the spouses of your prospective

partners, chances are they want to spend some time getting to know you personally first. The discussion of the company's rules, standards, and operating policies should occur at the second or third meeting.

Question 4

Which of the following statements best describes the influence of stakeholders and the cost of changes as project time advances?

AThe influence of the stakeholders increases, the cost of changes increases.

BThe influence of the stakeholders decreases, the cost of changes increases.

CThe influence of the stakeholders increases, the cost of changes decreases.

DThe influence of the stakeholders decreases, the cost of changes decreases.

Answer : B

Stakeholders and changes versus time in the Project Life Cycle

There are lots of common features regarding project life cycles:

* Most stages of the project follow one after the other and in many cases could be described in technical way. * Expenditures and personnel engaged in the task are quite cheap at the beginning of the project, rise in the middle phase and fall significantly in the final stage. The Picture below shows exactly the described model.

* At the beginning of the project - in initial stage the risk of failure and not to meet your goals is very high. When this crucial period is over the project comes into an intermediate phase where the situation is more stable and predictable.

* Stakeholders have a big influence for the project's product in many technical aspects, costs etc. at the beginning of its life cycle. However their impact become lower within duration of the project and cost of changes and other corrections - which are low in initial phase rise considerably as the project continues. The Picture below demonstrates clearly this situation.

In our opinion lots of project life cycles have many similar characteristics but few of them are the same. For example some projects can consist of five stages, others with ten or more? Depend on complexity and duration of the project. One institution's hardware testing can have one individual testing stage whereas another organization can have more phases for this task like: general and detailed testing, error correction, compatibility with different computers etc. Separate life cycles can also cover these subprojects for instance: one team of engineers can analysis and look for any defects of the product and the other team can simultaneously check compatibility with other devices. In conclusion we recommend you to deal with every project separately and especially at big and complex enterprises treat every phase as subproject with an individual life cycle.

Question 5

What is the difference between expected monetary value and net present value?

AExpected value is the estimated value of the work actually accomplished and net present value is the value of the work to be done.

BExpected value is the value it takes to recover your investment and net present value is the value of money.

CExpected value is the probability times impact of an opportunity and net present value is the benefits less costs over many time periods.

DExpected value is the estimated value of risk response plans and net present value helps determine the value of investments.

Answer : C

Question 6

In general, attempts to smooth out period to period resources will _____ the scheduled time and _____ project costs.

AIncrease, increase

BDecrease, decrease.

CIncrease, decrease.

DIncrease, increase or decrease.

EDecrease, increase.

Answer : A

Question 7

A project manager discovers that two team members discussed what was needed to complete a work package on the project and made many changes to the project scope. The work package is now completed and the team members are planning to go on to the next work package. In looking at what was done, the project manager determines that the work does NOT meet the requirements of the project. What is the BEST course of action for the project manager?

AAdd another work package, formatted with the correct scope, to the project.

BRefuse the submittal of the work package.

CHave the team begin the work package again and include the incident in their performance reviews.

DAsk the team member's manager to assign different people to the work package.

Answer : B

BCS Foundation Certificate in IS Project Management ISEB-PM1 Exam Practice Test