ISEB-PM1 Practice Questions

A.  

Cost right at the estimated value

B.  

Cost under the estimated value

C.  

Cost right at the actual value

D.  

Cost over the estimated value

A.  

Early, in private, using a direct, collaborative approach

B.  

Early, in public, using an indirect, collaborative approach

C.  

Early, in private, using an indirect, cooperative approach

D.  

As late as possible, in public, using a direct, confrontational approach

A.  

Baseline

B.  

Planned value

C.  

Upper specification limit

D.  

Expenditure

A.  

Subdivide the estimated costs of individual activities

B.  

Subdivide project deliverables and project work into smaller, more manageable components

C.  

Relate the work packages to the performing organizational units

D.  

Shorten the project schedule duration and the amount of resources needed

A.  

Define Scope and Define Activities

B.  

Collect Requirements and Estimate Activity Resources

C.  

Create WBS and Define Activities

D.  

Create WBS and Estimate Activity Duration

A.  

Evaluate historical information

B.  

List down business need

C.  

List down stakeholders

D.  

Create scope statement

A.  

Cost management plan

B.  

Cost baseline

C.  

Cost estimate

D.  

Chart of accounts

A.  

Changing project specifications continuously

B.  

Elaborate tracking of the project progress

C.  

Elaborate tracking of the project specifications with a change control system

D.  

Project specifications becoming more explicit and detailed as the project progresses

A.  

After verbal acceptance of the customer or sponsor

B.  

After lessons learned have been documented in contract closure

C.  

When the project objectives have been met

D.  

After resources have been released

A.  

Sensitivity analysis

B.  

Probability and impact matrix

C.  

Risk data quality assessment

D.  

Risk categorization