Corp Memberscheme
0% 0 votes, 0 avg 1140 Project Management Welcome to the Corp Members Scheme Examination Portal. We wish you all the best as you kick start a wonderful career with usONLINE EXAMINATIONSThe online assessment is taken on completion of the training material. You will be asked 100 multiple choice questions with a pass mark of 50%. The answers are marked automatically so you will instantly know whether you have passed. If you don’t pass don’t worry! You can take the Exam againWhether you are a student on our platform or not we encourage you to email your enquires to our friendly team if you need help with anything at info@corpmemberscheme.com REGISTER TO START YOUR EXAMINATION 1 / 100 CIPM. Financial controls that need to be considered for project plan development do not include: A. Time reporting B. Standard contract provisions C. Process audits D. Accounting codes 2 / 100 CIPM. Which among the following is NOT a method of reaching a group decision? (a).Dictatorship (B.) Plurarity (C.) Majority (D.) Animity 3 / 100 Question - 45 Of the following types of contracts - which has the HIGHEST risk for the buyer ? A. Fixed Plus Economic Price Adjustment B. Time and Material C. Firm Fixed Price Contract - FFP 4 / 100 Question - 35 Which of the following statements are not true regarding Validate Scope ? A. Consists of conducting inspections, reviews and audits B. Used to determine if results conform to requirements C. Used to determine schedule variance 5 / 100 CIPM. One of the following is NOT an input used for control communication (a) Project management plan (b) Project communication (c) Issue log (d) Stakeholders register. 6 / 100 CFM12. Which factor influences location strategy for facility location? (a) All of the above (b) Government Policies (c) Existing demand, supply and marketing locations 7 / 100 CIPM. Which of the following is NOT a process of project human resources management? (a) Acquire project team (b) Fire project team members (c) Manage project (d) Develop human resource plan. 8 / 100 CIPM An output of administrative closure is the creation of: project archives. a project charter. a project management plan. a risk analysis plan 9 / 100 CFM 21 - In order to best serve user needs, facility standard must be ______________ Updated Rigid Flexible 10 / 100 Question - 29 You are managing a project to set up a brand new play area for the community. You and your team have been working as per plan and things are moving smoothly. Suddenly one of the stakeholders indicates that the play area must also include a sand pit. This was not originally planned for so you analyze the impact to the cost, schedule and scope. You then submit the change request to the Change control board for their approval. You have immediately received an approval - what should your next step be? A. Get the work done immediately and start executing B. Update the impacted baselines - scope , cost and schedule C. Setup a meeting with the change control board 11 / 100 CFM10.Space management benefits are except (a) To deal with regular space manage (b) To understand and manage space usage (C) To market space usage 12 / 100 CIPM Which of the following is a tool used in Activity Duration Estimating: Analogous Estimating Work Breakdown Structure Templates Critical Path Method Schedule Network Templates 13 / 100 Question - 32 You and a group of managers who conduct a weekly meeting for sharing information and project management best practices. Joe who is a colleague of yours explains the need of correctly identifying all the project stakeholders. He explains that in his current project he has made use of Stakeholders Engagement Assessment Matrix. Many of the other colleagues are not quite aware of the need and usage of this matrix - which of the following is the BEST choice? A. Lists all the stakeholders along with their current engagement and desired engagement B. Lists all the stakeholders C. Lists only those stakeholders who are Supportive 14 / 100 CIPM. Projects are undertaken at all levels of the organization? A. True B. False C. Both True and False D. Neither true nor false 15 / 100 CIPM. Which of the following is not an input of conduct procurement (a). Seller proposals (b). Project documents (c). Teaming agreements (d).Project environmental access. 16 / 100 Question - 26 You are in charge of a software project and you are almost 40% complete. The project stakeholders want a [performance report to date. You had planned to use Earned Value Management methodology. You come up with the following numbers: EV = 100 AC = 300 PV = 150 BAC = 600. You and your team have faced numerous issues till now. However, you choose to ignore the current work performance and decide to go with what was originally planned. Based on this information what would be the EAC for the project? A. 800 B. 200 C. 1800 17 / 100 Question - 38 A friend of yours approaches you seeking advice. She indicates she has offers from two organizations. Her role in one of the organization is that of a project Co-ordinator while in the other organization her role is that of a Project expediter. She is not quite clear of the difference between the two roles and seeks your advice. Which of the following statement is true A. Project Expediter has no authority and cannot take decisions. Project co-ordinator has some authority and decision making authority. B. Project co-ordinator has no authority and cannot take decisions. Project Expediter has some authority and decision making authority. C. Project expediters are found in projectized organizations and Project co-ordinators are found in Functional organizations 18 / 100 CIPM. ............................Is defined as the entire value of the business; the total sum of all tangible and intangible elements (a). Organizational assets (b). Business properties (c).Firm’sholdings (d).Business value 19 / 100 CIPM. The plan procurements process also includes consideration of , particularly if the buyer wishes to exercise some degree of influence or control over acquisition decisions. (a). Potential suppliers (b). Potential manufacturers (c).Potential sellers (d).Potential retailers 20 / 100 CFM 22 - Which of the following is the most important function for a project management success? Coordinating and communicating Scheduling and budgeting Planning and monitoring 21 / 100 CIPM. CPIF stand for ). Cost in ward project incentives contracts (b).Cost plus incentives fee contract (c). Cost plus incentive (d).Cost plus fixed fee contracts 22 / 100 150/3 60 50 100 23 / 100 Question - 41 You are the project manager and decided to outsource a part of the project to a vendor. The vendor discovered some issues that impact the cost and schedule of its work. How does the vendor update the Question - 41 You are the project manager and decided to outsource a part of the project to a vendor. The vendor discovered some issues that impact the cost and schedule of its work. How does the vendor update the agreement? A. A new contract needs to be signed by your company and the vendor B. A contract addendum needs to be signed by your company and the vendor C. An SOW needs to be signed by you and the vendor 24 / 100 CIPM. A project consisting of a project manager, five members of staff, and three sponsors has how many communication channels. (A) 50 (B) 200 (C) 40 (D) 36 25 / 100 CIPM. Reducing the impact of a risk event by reducing the possibility of its occurrence is: A. Risk avoidance B. Risk acceptance C. Risk mitigation D. Contingency planning 26 / 100 Question - 28 Over lunch you meet a colleague who is managing a large turnover project for setting up a chemical plant. Your colleague is worried because the client is being unreasonable and asking for changes that will have a severe impact to the scope schedule and also cost. The client is also not ready to absorb the additional impact to schedule and cost. She seeks your advice - what should she do? A. Refuse to budge and not make any changes B. Ultimately the customer is always right - so go ahead and make the changes and absorb the impact to cost, schedule and scope C. Set up a meeting with the client to better understand the need of the changes being asked for 27 / 100 CFM14.Which crucial factor affects the layout? (a) Industry type (b) Production system (c) All of these 28 / 100 CFM7. Most common cause of conflicts in a project is (a) Schedules (b) Technical opinions (c) Personal Issues 29 / 100 CIPM. A project manager has been working on a project for six months with the same team yet the team still shows a lack of support for the project. The best thing for the project manager to do would be to? A. Re-evaluate the effectiveness of the reward system the project manager has put in place B. talk to each team member's boss C. Re-plan the project D. Tell the team he needs its support 30 / 100 CFM9. _____________ is the management of persons and their needs and deficiencies in a particular environment. (a) Staff management (b) Employee management (c) People management 31 / 100 CIPM Which of the following is an advantage of centralized contracting? Gives easier access to contracting expertise Increases company expertise in contracting Gives more loyalty to the project Allows a contracts person to work on a single project 32 / 100 CFM 15 - What is the advantage of good layout design in the case of service organizations? Customers spend less time in the system Customers may need to walk shorter distances Both of the above 33 / 100 CIPM Which is not a tool used for Risk Response Planning: Risk Audits Avoidance Transfer Mitigate 34 / 100 Question - 47 Using historical information to perform estimating is also called _______ estimating. A. Analogous B. Primary C. Organizational 35 / 100 CIPM A response to a negative risk event is known as a: Work Item Work Package Workaround Work breakdown structure 36 / 100 Question - 49 Your company has won a large project for one of the fund houses to administer their funds. The project work has been going on smoothly and the customer has been singing praises about the work done so far. The client has planned a visit the next month to go over the plans for the next phase of the project as well as to meet with the project team. Your senior management realizes that this client could potentially need additional capabilities in the derivatives segment. Your company happens to have a strong exposure to this segment having executed numerous such projects. Your senior manager also invites key managers from the derivatives segment to showcase the organizations abilities in the derivates vertical - this is an example of ? A. Mitigating the risk B. Transferring the risk C. Exploiting the risk 37 / 100 Question - 22 You are the project manager and have decided to outsource a part of the project to a vendor. You have offered a bonus to the vendor if the work is completed in two months. This is an example of _____________. A. project incentive B. project goal C. fixed price contract 38 / 100 CFM11. What is an important aspect of service layout? (a) ergonomic considerations (b) all of these (C) ambient conditions 39 / 100 CIPM. The most important criteria in selecting project selection method is: A. Ease of use B. Cost of using it C. Available expertise D. Realism 40 / 100 Question - 37 Which of the following best describes Expectancy theory? A. Employees will put in MORE efforts once they believe that they will receive something that is equivalent to the effort they put in the project B. Employee motivation is not achievable - employees must be forced to get things done C. Hygiene factors will ensure that job dissatisfaction not occur - however it does not ensure job satisfaction 41 / 100 Rather than use Triangular Distribution while doing Three Point Estimation you choose to use Beta Distribution. Based on your analysis and understanding you are confident that the project would be completed with a total cost of 108,000 $. You also estimate that a best case estimate would be 90000 $ while a worst case scenario would result in the costs incurred to shoot up to 138000 USD. What would the Three point Cost estimate be using Beta Distribution? A. 112000, $ B. 110000, $ C. 101000 $ 42 / 100 CIPM In the communication process, "noise" is the word used to describe factors and forces inhibiting the exchange of information between two or more parties. Noise includes all of the following but __________ Culture Behavior Language Loud talking 43 / 100 CFM4. The following factors are to be considered when designing a parking lot except (a) Pedestrian crossings (b) Air accessibility (c) Access roads 44 / 100 CFM 19 - First step in managing ergonomic stressors in the workplace is to analyze _____________ Job task Management of responsibilities Injury/illness reports 45 / 100 CFM 26 - Recycling is the reuse and reclamation/recovery of premises or environment Yes Maybe No 46 / 100 CIPM A project manager has assembled the project team, identified 56 risks on the project, determined what would trigger the risks, rated them on a risk rating matrix, tested their assumptions and assessed the quality of the data used. The team is continuing to move through the risk management process. What has the project manager forgotten to do? Simulation Risk mitigation Overall risk ranking for the project Involvement of other stakeholders 47 / 100 CIPM Which of the following is not an output of Activity Resource Estimating: Activity Resource Requirements Resource Breakdown Structure Requested Changes Resource Management Plan 48 / 100 CIPM Which is not another term for contract? Agreement Purchase Order Proposal Memorandum of Understanding 49 / 100 Question - 27 As a project manager you understand the importance of identifying all relevant stakeholders, their interest and influence and their needs and expectations. You have been assigned to handle a large construction project. You decide to do a thorough stakeholder analysis and you identify Bob and Kelly. Based on your interactions and analysis - you know that Bob wields a lot of authority and also has a huge interest in the project. Kelly too wields a lot of power but is largely uninterested. You decide to plot them in a Power / Interest grid to help determine how you would manage these stakeholders. Which of the following is the best approach to handle these two stakeholders? A. Both Bob and Kelly should be Managed closely. B. Kelly should be monitored while Bob should be Kept satisfied. C. Kelly should be kept satisfied while Bob should be Managed closely. 50 / 100 CIPM. What does TQM stand for? A. Time Quality Managed B. Target Quality Management C. Total Quality Management D. Time Quote Management 51 / 100 Question - 31 You are in charge of building a bridge across a river. All the initial groundwork and structural designs have been completed and work is in progress. You know that the next two months will be particularly critical involving some critical activities such as Arc welding of stiffener plates. You know your company employs welders who specialize in this kind of work. However you are apprehensive regarding their availability for the next two months. What should you refer to first to find if these welders are available for the next two months? A. Milestone List B. Pareto Chart C. Resource Calendars 52 / 100 CIPM. Examples of Projects include: A. Implementing a new business procedure or process B. Constructing a building or facility C. Designing a new transportation vehicle D. All of the Above 53 / 100 Question - 30 You have received a number of seller responses for contracting work related to setting up office cubicles. One of the bids received happens to be from a very good friend of yours. You know she has done good work in the past. What should be the BEST course of action? A. Do nothing and let the seller selection proceed B. Ensure that your friend gets the contract as she has done good work in the past C. Inform your company regarding the conflict of interest and let selection of seller happen with no prejudice 54 / 100 CIPM A rough order of magnitude estimate is made during which project management process group? Project planning Project closing Project executing Project initiating 55 / 100 Question - 43 You are in the process of executing a project that deals with laying out electrical cables connecting two cities. You have been reporting progress on a monthly basis. In this month due to unplanned vacations many of the staff have not turned up at work. This has caused a delay in the schedule. You decide to check if the schedule variance is within the allowable threshold - what specific document should you refer to ? A. Project Management Plan B. Schedule Management Plan C. Project Schedule Network Diagram 56 / 100 CIPM Qualitative Risk Analysis will be performed under : Initiation Process Group Planning Process Group Executing Process Group Monitoring & Controlling Process Group 57 / 100 CIPM. Financial controls that need to be considered for project plan development do not include: A. Time reporting B. Standard contract provisions C. Process audits D. Accounting codes 58 / 100 CFM 19 - First step in managing ergonomic stressors in the workplace is to analyze _____________ Job task Management of responsibilities Injury/illness reports 59 / 100 CIPM. Which of the following are examples of indirect costs? A. Salaries of corporate executives B. Salaries of full-time project staff C. Overhead costs D. a and c 60 / 100 CFM3. The following are roles of a facility manager except (a) Building maintenance (b) Security (c) Material purchase 61 / 100 CFM 17 -The HVAC systems designed with a capacity is based on ________________ Physical characteristics of the building System performance with low life-cycle costs Estimated maximum heating and cooling loads 62 / 100 CIPM. Project integration management involves all the following processes except (a.) Perform integrated change control (b.) Direct and manage project work (c.) close project or phase (d). Analyze scope 63 / 100 CFM11. What is an important aspect of service layout? (a) ergonomic considerations (b) all of these (C) ambient conditions 64 / 100 Question - 39 You are managing a project which involves building software for the aeronautical domain. The nature of the work is complex and needs a lot of research. During Quality assurance both the development team and testing team suggest that the quality assurance process be changed to also include White Box testing and not only rely on Black box testing. The team wants to make this shift in approach as they believe this would lead to better quality of deliverables - what is the best course of action ? A. As the changes will help improve quality - execute white box texting B. Create a change request C. Analyze the impact of the change to scope , schedule and cost and then write up a Change Request 65 / 100 Question - 47 Using historical information to perform estimating is also called _______ estimating. A. Analogous B. Primary C. Organizational 66 / 100 Question - 36 As a manager on a project you have identified and created the WBS and WBS Dictionary. You now plan to ensure that each deliverable gets the blessings of your stakeholders and sponsors. Which process are you planning to perform? A. Validate Scope B. Perform Quality Control C. Control Scope 67 / 100 CFM 16 - What does a good maintenance ensure? Safety Reliability All 68 / 100 Question - 27 As a project manager you understand the importance of identifying all relevant stakeholders, their interest and influence and their needs and expectations. You have been assigned to handle a large construction project. You decide to do a thorough stakeholder analysis and you identify Bob and Kelly. Based on your interactions and analysis - you know that Bob wields a lot of authority and also has a huge interest in the project. Kelly too wields a lot of power but is largely uninterested. You decide to plot them in a Power / Interest grid to help determine how you would manage these stakeholders. Which of the following is the best approach to handle these two stakeholders? A. Both Bob and Kelly should be Managed closely. B. Kelly should be monitored while Bob should be Kept satisfied. C. Kelly should be kept satisfied while Bob should be Managed closely. 69 / 100 Question - 24 Of the following types of contracts - which has the HIGHEST risk for the seller? A. Cost plus fixed fee - CPFF B. Time and Material - T and M C. Firm Fixed Price Contract - FFP 70 / 100 CFM 25 - ______________ can be defined as an interdisciplinary business function has the objective to coordinate demand and supply of facilities and services within public and private organizations Property management Facility management None 71 / 100 CIPM. A project manager has been working on a project for six months with the same team yet the team still shows a lack of support for the project. The best thing for the project manager to do would be to? A. Re-evaluate the effectiveness of the reward system the project manager has put in place B. talk to each team member's boss C. Re-plan the project D. Tell the team he needs its support 72 / 100 Question - 28 Over lunch you meet a colleague who is managing a large turnover project for setting up a chemical plant. Your colleague is worried because the client is being unreasonable and asking for changes that will have a severe impact to the scope schedule and also cost. The client is also not ready to absorb the additional impact to schedule and cost. She seeks your advice - what should she do? A. Refuse to budge and not make any changes B. Ultimately the customer is always right - so go ahead and make the changes and absorb the impact to cost, schedule and scope C. Set up a meeting with the client to better understand the need of the changes being asked for 73 / 100 Question - 15 You head the engineering department in your company. Lately you have observed that certain deliveries are missing the schedule. On closer scrutiny you observe this to be occurring with a specific team member. You decide to discuss it out with the team member. Initially the team member is reluctant to discuss but finally opens up and indicates that the cause of the delays is often different instructions coming in from you as well as the project manager. She indicates that at such times she is confused related to whose instructions to follow - thereby causing delays - what kind of an Organizational structure is this most likely to be ? A. Functional B. Projectized C. Balanced Matrix 74 / 100 Question - 44 Which of the following activities is not performed as a part of Project Closure?A. Ensure all the deliverables as per contract are met A. Ensure all the deliverables as per contract are met B. Compile lessons learned and update Organizational Process Assets C. Validate scope 75 / 100 Question - 36 As a manager on a project you have identified and created the WBS and WBS Dictionary. You now plan to ensure that each deliverable gets the blessings of your stakeholders and sponsors. Which process are you planning to perform? A. Validate Scope B. Perform Quality Control C. Control Scope 76 / 100 Question - 25 What is the BEST use of a Work Authorization System? A. It manages the timing and sequence of when activities need to be performed B. It manages who performs the activity C. It identifies the resources needed to complete activities 77 / 100 CFM7. Most common cause of conflicts in a project is (a) Schedules (b) Technical opinions (c) Personal Issues 78 / 100 CIPM Which of the following is considered to be a simulation technique? PERT analysis GERT analysis Monte Carlo analysis Critical path method 79 / 100 Question - 48 You are responsible for managing a project that deals with laying out a freeway connecting two major port cities. Progress in the past has been smooth but lately in the past few months you have observed a schedule and budget overrun. You decide to hold a meeting with your team members. On discussions you realize team members went ahead and made changes at the behest of the client requests on site. You are pretty sure the changes were not a part of the project scope statement – which of these project management concept did the team member refuse to follow? A. Scope Creep B. Gold Plating C. Integrated Change Control 80 / 100 CFM15.What is the advantage of good layout design in the case of service organizations? (a) Customers spend less time in the system (B) Customers may need to walk shorter distances (C) Both of the above 81 / 100 CFM 20 - Which of the following federal agencies is responsible for implementing and enforcing workplace health and safety standard? Department of Energy National Institute of Health Occupational Safety and Health Administration 82 / 100 Question – 16 As a project manager you understand the importance of identifying all relevant stakeholders , their interest and influence and their needs and expectations. You have been assigned to handle a large construction project. You decide to do a thorough stakeholder analysis and you identify Laura and Sean. Based on your interactions and analysis - you know that both Sean and Laura are low in the pecking order so they do not wield any significant authority or power. However where it differs is in their interest in the project. Laura has a lot of interest while Sean is disinterested. You decide to plot them in a Power / Interest grid to help determine how you would manage these stakeholders. Which of the following is the best approach to handle these two stakeholders? A. Both Sean and Laura should be Kept Informed. B. Sean should be Monitored and Laura should be Kept informed. C. Sean should be Kept informed and Laura should be Monitore 83 / 100 Question - 40 The Scope Baseline consists of the following: A. Approved Project Scope Statement , WBS , WBS Dictionary B. Preliminary Project Scope Statement, Approved Project Scope Statement , WBS , WBS Dictionary C. Scope Management Plan, WBS, WBS Dictionary 84 / 100 CIPM. You manage a project whose team members have diverse skills and expertise. You want to encourage your staff to pool its knowledge on project issues to make the best decisions possible. The most appropriate management style to use is: A. Laissez-faire B. Democratic C. Autocratic D. Directive 85 / 100 Question - 33 You have been assigned to manage a project that deals with setting up a railway line connecting two cities. The project is complex with a lot of contracting involved. You and experts in your organization are evaluating if the rail line alignment machinery should be purchased outright or if it would be better to lease. The cost of leasing the equipment is 1200 $ per day while the cost of an outright purchase is 96000 $ and a daily cost of 200 $.The duration of laying out the railway lines is scheduled to be an activity duration of 150 days. Should you purchase the machinery or be leased - which option would be more economical? A. Lease the machinery as it will be cheaper by 84000 USD B. Lists all the stakeholders C. Lists only those stakeholders who are Resistant 86 / 100 Question - 24 Of the following types of contracts - which has the HIGHEST risk for the seller? A. Cost plus fixed fee - CPFF B. Time and Material - T and M C. Firm Fixed Price Contract - FFP 87 / 100 CIPM. In which of the following project management process groups are the most time and money typically spent? A. Initiating B. Planning C. Executing D. Controlling 88 / 100 CIPM. Two Point Delphi Estimate, The Best and Worst Case effort calculation: A. Calculate (Best + Worst) / 2 B. Calculate (Best +2 ) / Worst C. Calculate (2 + Worst) / Best D. none of the above 89 / 100 Question - 37 Which of the following best describes Expectancy theory? A. Employees will put in MORE efforts once they believe that they will receive something that is equivalent to the effort they put in the project B. Employee motivation is not achievable - employees must be forced to get things done C. Hygiene factors will ensure that job dissatisfaction not occur - however it does not ensure job satisfaction 90 / 100 CIPM.During the schedule development process the Project Manager may have to go through several iterations of the schedule before establishing the schedule baseline. All of the following are tools and techniques that may be used during this process: A. Critical Path Method, GERT, Resource Requirements B. Resource Leveling Heuristics, Mathematical Analysis, Calendars C. Duration compression, Resource Leveling Heuristics, PERT D. GERT, PERT, Leads and Lags 91 / 100 CFM 23 - Who are the facility manager’s customers? Other department managers Staff and other employees All building occupants 92 / 100 CIPM The process of getting a group of diverse individuals to work effectively together as a team is the definition of leadership project management the project manager's responsibilities team building 93 / 100 CIPM. Your new product development project has resulted in a highly successful new product. The property, equipment, materials, and personnel of your project are now being integrated into the functional organization. Your project is being terminated by: A. Extinction B. Addition C. Integration D. Starvation 94 / 100 CIPM Which of the following is not an input to Activity Definition process: WBS Dictionary Organizational Process Assets Project Scope Statement Schedule Network Templates 95 / 100 CIPM. Which acronym stands for cost plus award fee contracts? (a).CPIT (b). CPAF (c).CPFF (d). CPAFC 96 / 100 Question - 33 You have been assigned to manage a project that deals with setting up a railway line connecting two cities. The project is complex with a lot of contracting involved. You and experts in your organization are evaluating if the rail line alignment machinery should be purchased outright or if it would be better to lease. The cost of leasing the equipment is 1200 $ per day while the cost of an outright purchase is 96000 $ and a daily cost of 200 $.The duration of laying out the railway lines is scheduled to be an activity duration of 150 days. Should you purchase the machinery or be leased - which option would be more economical? A. Lease the machinery as it will be cheaper by 84000 USD B. Lists all the stakeholders C. Lists only those stakeholders who are Resistant 97 / 100 CIPM. Which among the following is NOT communication activity potential dimension (a) Internal (b).Vertical (c). Horizontal (d). Formal 98 / 100 CIPM . One of the following is a technique used in project close procurement process (a).Negotiated settlements (b).procurement performance Reviews (c).contract change control system (d).payment systems. 99 / 100 Question - 44 Which of the following activities is not performed as a part of Project Closure?A. Ensure all the deliverables as per contract are met A. Ensure all the deliverables as per contract are met B. Compile lessons learned and update Organizational Process Assets C. Validate scope 100 / 100 CIPM. Using the PMBOK definition of contingency reserve, which of the following statements about contingency reserves is false? A. A contingency reserve is a separately planned quantity used to allow for future situations which may be planned for only in part. B. Contingency reserves may be set aside for known unknowns. C. Contingency reserves may be set aside for unknown unknowns. D. Contingency reserves are normally included in the project's cost and schedule baselines. Your score is 0% Restart quiz
Project Management
Welcome to the Corp Members Scheme Examination Portal. We wish you all the best as you kick start a wonderful career with us
ONLINE EXAMINATIONS
The online assessment is taken on completion of the training material. You will be asked 100 multiple choice questions with a pass mark of 50%. The answers are marked automatically so you will instantly know whether you have passed. If you don’t pass don’t worry! You can take the Exam again
Whether you are a student on our platform or not we encourage you to email your enquires to our friendly team if you need help with anything at info@corpmemberscheme.com
1 / 100
CIPM. Financial controls that need to be considered for project plan development do not include:
2 / 100
CIPM. Which among the following is NOT a method of reaching a group decision?
3 / 100
Question - 45 Of the following types of contracts - which has the HIGHEST risk for the buyer ?
4 / 100
Question - 35 Which of the following statements are not true regarding Validate Scope ?
5 / 100
CIPM. One of the following is NOT an input used for control communication
6 / 100
CFM12. Which factor influences location strategy for facility location?
7 / 100
CIPM. Which of the following is NOT a process of project human resources management?
8 / 100
CIPM An output of administrative closure is the creation of:
9 / 100
CFM 21 - In order to best serve user needs, facility standard must be ______________
10 / 100
Question - 29 You are managing a project to set up a brand new play area for the community. You and your team have been working as per plan and things are moving smoothly. Suddenly one of the stakeholders indicates that the play area must also include a sand pit. This was not originally planned for so you analyze the impact to the cost, schedule and scope. You then submit the change request to the Change control board for their approval. You have immediately received an approval - what should your next step be?
11 / 100
CFM10.
Space management benefits are except
12 / 100
CIPM Which of the following is a tool used in Activity Duration Estimating:
13 / 100
Question - 32 You and a group of managers who conduct a weekly meeting for sharing information and project management best practices. Joe who is a colleague of yours explains the need of correctly identifying all the project stakeholders. He explains that in his current project he has made use of Stakeholders Engagement Assessment Matrix. Many of the other colleagues are not quite aware of the need and usage of this matrix - which of the following is the BEST choice?
14 / 100
CIPM. Projects are undertaken at all levels of the organization?
15 / 100
CIPM. Which of the following is not an input of conduct procurement
16 / 100
Question - 26 You are in charge of a software project and you are almost 40% complete. The project stakeholders want a [performance report to date. You had planned to use Earned Value Management methodology. You come up with the following numbers: EV = 100 AC = 300 PV = 150 BAC = 600. You and your team have faced numerous issues till now. However, you choose to ignore the current work performance and decide to go with what was originally planned. Based on this information what would be the EAC for the project?
17 / 100
Question - 38 A friend of yours approaches you seeking advice. She indicates she has offers from two organizations. Her role in one of the organization is that of a project Co-ordinator while in the other organization her role is that of a Project expediter. She is not quite clear of the difference between the two roles and seeks your advice. Which of the following statement is true
18 / 100
CIPM. ............................Is defined as the entire value of the business; the total sum of all tangible and intangible elements
19 / 100
CIPM. The plan procurements process also includes consideration of , particularly if the buyer wishes to exercise some degree of influence or control over acquisition decisions.
20 / 100
CFM 22 - Which of the following is the most important function for a project management success?
21 / 100
CIPM. CPIF stand for
22 / 100
150/3
23 / 100
Question - 41 You are the project manager and decided to outsource a part of the project to a vendor. The vendor discovered some issues that impact the cost and schedule of its work. How does the vendor update the
Question - 41 You are the project manager and decided to outsource a part of the project to a vendor. The vendor discovered some issues that impact the cost and schedule of its work. How does the vendor update the agreement?
24 / 100
CIPM. A project consisting of a project manager, five members of staff, and three sponsors has how many communication channels.
25 / 100
CIPM. Reducing the impact of a risk event by reducing the possibility of its occurrence is:
26 / 100
Question - 28 Over lunch you meet a colleague who is managing a large turnover project for setting up a chemical plant. Your colleague is worried because the client is being unreasonable and asking for changes that will have a severe impact to the scope schedule and also cost. The client is also not ready to absorb the additional impact to schedule and cost. She seeks your advice - what should she do?
27 / 100
CFM14.
Which crucial factor affects the layout?
28 / 100
CFM7. Most common cause of conflicts in a project is
29 / 100
CIPM. A project manager has been working on a project for six months with the same team yet the team still shows a lack of support for the project. The best thing for the project manager to do would be to?
30 / 100
CFM9. _____________ is the management of persons and their needs and deficiencies in a particular environment.
31 / 100
CIPM Which of the following is an advantage of centralized contracting?
32 / 100
CFM 15 - What is the advantage of good layout design in the case of service organizations?
33 / 100
CIPM Which is not a tool used for Risk Response Planning:
34 / 100
Question - 47 Using historical information to perform estimating is also called _______ estimating.
35 / 100
CIPM A response to a negative risk event is known as a:
36 / 100
Question - 49 Your company has won a large project for one of the fund houses to administer their funds. The project work has been going on smoothly and the customer has been singing praises about the work done so far. The client has planned a visit the next month to go over the plans for the next phase of the project as well as to meet with the project team. Your senior management realizes that this client could potentially need additional capabilities in the derivatives segment. Your company happens to have a strong exposure to this segment having executed numerous such projects. Your senior manager also invites key managers from the derivatives segment to showcase the organizations abilities in the derivates vertical - this is an example of ?
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Question - 22 You are the project manager and have decided to outsource a part of the project to a vendor. You have offered a bonus to the vendor if the work is completed in two months. This is an example of _____________.
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CFM11. What is an important aspect of service layout?
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CIPM. The most important criteria in selecting project selection method is:
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Question - 37 Which of the following best describes Expectancy theory?
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Rather than use Triangular Distribution while doing Three Point Estimation you choose to use Beta Distribution. Based on your analysis and understanding you are confident that the project would be completed with a total cost of 108,000 $. You also estimate that a best case estimate would be 90000 $ while a worst case scenario would result in the costs incurred to shoot up to 138000 USD. What would the Three point Cost estimate be using Beta Distribution?
A. 112000, $ B. 110000,
$ C. 101000 $
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CIPM In the communication process, "noise" is the word used to describe factors and forces inhibiting the exchange of information between two or more parties. Noise includes all of the following but __________
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CFM4. The following factors are to be considered when designing a parking lot except
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CFM 19 - First step in managing ergonomic stressors in the workplace is to analyze _____________
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CFM 26 - Recycling is the reuse and reclamation/recovery of premises or environment
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CIPM A project manager has assembled the project team, identified 56 risks on the project, determined what would trigger the risks, rated them on a risk rating matrix, tested their assumptions and assessed the quality of the data used. The team is continuing to move through the risk management process. What has the project manager forgotten to do?
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CIPM Which of the following is not an output of Activity Resource Estimating:
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CIPM Which is not another term for contract?
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Question - 27 As a project manager you understand the importance of identifying all relevant stakeholders, their interest and influence and their needs and expectations. You have been assigned to handle a large construction project. You decide to do a thorough stakeholder analysis and you identify Bob and Kelly. Based on your interactions and analysis - you know that Bob wields a lot of authority and also has a huge interest in the project. Kelly too wields a lot of power but is largely uninterested. You decide to plot them in a Power / Interest grid to help determine how you would manage these stakeholders. Which of the following is the best approach to handle these two stakeholders?
50 / 100
CIPM. What does TQM stand for?
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Question - 31 You are in charge of building a bridge across a river. All the initial groundwork and structural designs have been completed and work is in progress. You know that the next two months will be particularly critical involving some critical activities such as Arc welding of stiffener plates. You know your company employs welders who specialize in this kind of work. However you are apprehensive regarding their availability for the next two months. What should you refer to first to find if these welders are available for the next two months?
52 / 100
CIPM. Examples of Projects include:
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Question - 30 You have received a number of seller responses for contracting work related to setting up office cubicles. One of the bids received happens to be from a very good friend of yours. You know she has done good work in the past. What should be the BEST course of action?
54 / 100
CIPM A rough order of magnitude estimate is made during which project management process group?
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Question - 43 You are in the process of executing a project that deals with laying out electrical cables connecting two cities. You have been reporting progress on a monthly basis. In this month due to unplanned vacations many of the staff have not turned up at work. This has caused a delay in the schedule. You decide to check if the schedule variance is within the allowable threshold - what specific document should you refer to ?
56 / 100
CIPM Qualitative Risk Analysis will be performed under :
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CIPM. Which of the following are examples of indirect costs?
60 / 100
CFM3. The following are roles of a facility manager except
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CFM 17 -The HVAC systems designed with a capacity is based on ________________
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CIPM. Project integration management involves all the following processes except
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Question - 39 You are managing a project which involves building software for the aeronautical domain. The nature of the work is complex and needs a lot of research. During Quality assurance both the development team and testing team suggest that the quality assurance process be changed to also include White Box testing and not only rely on Black box testing. The team wants to make this shift in approach as they believe this would lead to better quality of deliverables - what is the best course of action ?
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Question - 36 As a manager on a project you have identified and created the WBS and WBS Dictionary. You now plan to ensure that each deliverable gets the blessings of your stakeholders and sponsors. Which process are you planning to perform?
67 / 100
CFM 16 - What does a good maintenance ensure?
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Question - 24 Of the following types of contracts - which has the HIGHEST risk for the seller?
70 / 100
CFM 25 - ______________ can be defined as an interdisciplinary business function has the objective to coordinate demand and supply of facilities and services within public and private organizations
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Question - 15 You head the engineering department in your company. Lately you have observed that certain deliveries are missing the schedule. On closer scrutiny you observe this to be occurring with a specific team member. You decide to discuss it out with the team member. Initially the team member is reluctant to discuss but finally opens up and indicates that the cause of the delays is often different instructions coming in from you as well as the project manager. She indicates that at such times she is confused related to whose instructions to follow - thereby causing delays - what kind of an Organizational structure is this most likely to be ?
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Question - 44 Which of the following activities is not performed as a part of Project Closure?A. Ensure all the deliverables as per contract are met
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Question - 25 What is the BEST use of a Work Authorization System?
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78 / 100
CIPM Which of the following is considered to be a simulation technique?
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Question - 48 You are responsible for managing a project that deals with laying out a freeway connecting two major port cities. Progress in the past has been smooth but lately in the past few months you have observed a schedule and budget overrun. You decide to hold a meeting with your team members. On discussions you realize team members went ahead and made changes at the behest of the client requests on site. You are pretty sure the changes were not a part of the project scope statement – which of these project management concept did the team member refuse to follow?
80 / 100
CFM15.
What is the advantage of good layout design in the case of service organizations?
81 / 100
CFM 20 - Which of the following federal agencies is responsible for implementing and enforcing workplace health and safety standard?
82 / 100
Question – 16 As a project manager you understand the importance of identifying all relevant stakeholders , their interest and influence and their needs and expectations. You have been assigned to handle a large construction project. You decide to do a thorough stakeholder analysis and you identify Laura and Sean. Based on your interactions and analysis - you know that both Sean and Laura are low in the pecking order so they do not wield any significant authority or power. However where it differs is in their interest in the project. Laura has a lot of interest while Sean is disinterested. You decide to plot them in a Power / Interest grid to help determine how you would manage these stakeholders. Which of the following is the best approach to handle these two stakeholders?
83 / 100
Question - 40 The Scope Baseline consists of the following:
84 / 100
CIPM. You manage a project whose team members have diverse skills and expertise. You want to encourage your staff to pool its knowledge on project issues to make the best decisions possible. The most appropriate management style to use is:
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Question - 33 You have been assigned to manage a project that deals with setting up a railway line connecting two cities. The project is complex with a lot of contracting involved. You and experts in your organization are evaluating if the rail line alignment machinery should be purchased outright or if it would be better to lease. The cost of leasing the equipment is 1200 $ per day while the cost of an outright purchase is 96000 $ and a daily cost of 200 $.The duration of laying out the railway lines is scheduled to be an activity duration of 150 days. Should you purchase the machinery or be leased - which option would be more economical?
86 / 100
87 / 100
CIPM. In which of the following project management process groups are the most time and money typically spent?
88 / 100
CIPM. Two Point Delphi Estimate, The Best and Worst Case effort calculation:
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90 / 100
CIPM.
During the schedule development process the Project Manager may have to go through several iterations of the schedule before establishing the schedule baseline. All of the following are tools and techniques that may be used during this process:
91 / 100
CFM 23 - Who are the facility manager’s customers?
92 / 100
CIPM The process of getting a group of diverse individuals to work effectively together as a team is the definition of
93 / 100
CIPM. Your new product development project has resulted in a highly successful new product. The property, equipment, materials, and personnel of your project are now being integrated into the functional organization. Your project is being terminated by:
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CIPM Which of the following is not an input to Activity Definition process:
95 / 100
CIPM. Which acronym stands for cost plus award fee contracts?
96 / 100
97 / 100
CIPM. Which among the following is NOT communication activity potential dimension
98 / 100
CIPM . One of the following is a technique used in project close procurement process
99 / 100
100 / 100
CIPM. Using the PMBOK definition of contingency reserve, which of the following statements about contingency reserves is false?
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