PMI-SP Exam Questions

The project charter is an input to the identify stakeholder process. It provides information about the

internal and external parties concerned

and is affected by the project.

The project charter is the document that formally authorizes a project. The project charter provides

the project manager with the authority to

apply organizational resources to project activities. According to PMBOK Guide, the project charter

should address the following information:

Requirements that satisfy customer, sponsor, and other stakeholder needs, wants and expectations

Business needs, high-level project description, or product requirements that the project is

undertaken to address

Project purpose or justification

Assigned Project Manager and authority level

Summary milestone schedule

Stakeholder influences

Functional organizations and their participation

Organizational, environmental and external assumptions

Organizational, environmental and external constraints

Business case justifying the project, including return on investment

Summary budget

If required, it also authorizes the next project phase, and updates the charter. The project manager

should always be assigned prior to the

start of planning, and preferably while the project charter is being developed.

Answer option A is incorrect. Expert judgment is a technique based on a set of criteria that has been

acquired in a specific knowledge area or

product area. It is obtained when the project manager or project team requires specialized

knowledge that they do not possess. Expert

judgment involves people most familiar with the work of creating estimates. Preferably, the project

team member who will be doing the task

should complete the estimates. Expert judgment is applied when performing administrative closure

activities, and experts should ensure the

project or phase closure is performed to the appropriate standards.

Answer option C is incorrect. Stakeholder analysis is the identification of stakeholder needs, wants

and expectations. It involves the

documentation, prioritization, and quantification of the needs to help define the project scope.

Stakeholders' interests may be positively or

negatively affected by execution or completion of the project and they may also exert influence over

the project and its deliverables.

Answer option D is incorrect. The stakeholder register is a project management document that

contains a list of the stakeholders associated

with the project. It assesses how they are involved in the project and identifies what role they play in

the organization. The information in this

document can be very perceptive and is meant for limited exchange only. It also contains relevant

information about the stakeholders, such as

their requirements, expectations, and influence on the project.

According to the question, the schedule variance (SV) of the project is zero. A value of 0

indicates that the project is right on target.

Schedule variance (SV) is a measure of schedule performance on a project. The variance notifies that

the schedule is ahead or behind what

was planned for this period in time. The schedule variance is calculated based on the following

formula:

SV = Earned Value (EV) - Planned Value (PV)

If the resulting schedule is negative, it indicates that the project is behind schedule. A value greater

than 0 shows that the project is ahead of

the planned schedule. A value of 0 indicates that the project is right on target.

Answer option C is incorrect. The negative SV means that project is behind the schedule.

Answer option D is incorrect. This result can be drawn by looking at the cost variance (CV) of the

project.

Answer option B is incorrect. The positive SV depicts that the project is ahead of the planned

schedule.

The critical path is the path in the project network diagram with the longest duration. In project management, a critical path is the sequence of project network activities which add up to the longest overall duration. This determines the shortest time possible to complete the project. Any delay of an activity on the critical path directly impacts the planned project completion date (i.e. there is no float on the critical path). In this instance path ACGIJ is the longest as it takes 23 days.

Answer options C and D are incorrect. These paths take 13 days. Answer option A is incorrect. This path only takes 19 days.

Rolling wave planning is a technique to plan and do the most imminent project work before moving onto the details that are far off in the project schedule and project plan. Rolling wave planning is a technique for performing progressive elaboration planning where the work to be accomplished in the near future is planned in detail at a low level of the work breakdown structure. The work to be performed within another one or two reporting periods in the near future is planned in detail as work is being completed during the current period. Answer option D is incorrect. Decomposition is the process of breaking down work packages into the activity list. Answer options A and C are incorrect. These are not valid project management terms.

According to the PMBOK, automated scheduling tools expedite the scheduling process.

The scheduling tool is used in combination with manual methods or further project management

software to carry out the schedule network

analysis to produce an updated project schedule.

Answer option C is incorrect. The project management information system is the complete project

management software package beyond just

the scheduling portion.

Answer option D is incorrect. This is not a valid answer.

Answer option A is incorrect. While the software may be made available as a part of organizational

process assets, the best answer is the

scheduling tool.