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Pass the PECB ISO 21502 ISO-21502-Lead-Project-Manager Questions and answers with Dumpstech

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Questions # 11:

Scenario:

Mallebare is an American company which designs and manufactures gaming accessories. Apart from keyboards, mice, and controllers, the company also manufactures high-quality headsets for which it is widely known. Recently, upon the request of numerous gamers, the company decided to manufacture mousepads too. For this project, Luke, the CEO of the company, assigned Ross, a senior designer of the company, as the project manager, whereas Smith, a senior engineer, was assigned as project sponsor. In addition, Luke stated the project should be complete within three months, as the company is aiming to promote the mousepads in a major gaming tournament. Lastly, Luke required them to utilize the guidelines of ISO 21502 to manage the project.

Initially, Ross mobilized the team and held a meeting with them to discuss and develop the project plan. He asked the team members to ensure that major functional aspects of the project are covered in the project plan and to identify any issue that might arise throughout the project life cycle. Ross explained that this request comes as a result of the tight deadline of the project and the team must develop a concise plan. Ross added that the plan will not be changed in any circumstance and will be followed in detail.

Following that, Ross and the team discussed the engagement of all relevant stakeholders throughout the project. Ross used a power/interest matrix to categorize all stakeholders in four different groups, where the tournament organizers were categorized as stakeholders with low interest but high power in the project. On the other hand, end users, the gamers, were categorized as stakeholders with high interest and high power in the project, so the project team created a survey to determine their needs and requirements.

Moreover, Ross was aware of the importance of effective communication for the success of the project. Therefore, he developed a communication plan which would ensure that each individual involved in the project gets the right information in a timely manner. The plan indicated that ad hoc discussions would be conducted in more complex and personal cases, whereas notes and text messages would be used for transmitting simple and factual information. Ross claimed that this model had been successful in previous projects conducted by the company because it allows faster processing of information and includes natural use of language. In addition, Ross determined that a relationship among project team members needs to be established to ensure productive work.

Question:

Based on which communication model did Ross develop the communication plan? Refer to the last paragraph of scenario 6.

Options:

A.

Cross-cultural communication

B.

Effectiveness of communication channels

C.

Gulf of execution and evaluation

Questions # 12:

What is the purpose of benefit management?

Options:

A.

To assist the sponsoring organization and the customer in realizing the desired benefits of a project from the project’s outcomes

B.

To enable the project to continue to be relevant, justifiable, and beneficial in the organizational context

C.

To ensure that the project still meets the organization’s needs and stakeholder expectations, and that risks are at an acceptable level

Questions # 13:

What should the project manager do, among others, to avoid exceeding the project budget?

Options:

A.

Eliminate exploitation costs

B.

Retain records of project costs and monitor expenses

C.

Avoid at all costs making changes in the project plan which would require additional costs

Questions # 14:

Scenario:

Mallebare is an American company which designs and manufactures gaming accessories. Apart from keyboards, mice, and controllers, the company also manufactures high-quality headsets for which it is widely known. Recently, upon the request of numerous gamers, the company decided to manufacture mousepads too. For this project, Luke, the CEO of the company, assigned Ross, a senior designer of the company, as the project manager, whereas Smith, a senior engineer, was assigned as project sponsor. In addition, Luke stated the project should be complete within three months, as the company is aiming to promote the mousepads in a major gaming tournament. Lastly, Luke required them to utilize the guidelines of ISO 21502 to manage the project.

Initially, Ross mobilized the team and held a meeting with them to discuss and develop the project plan. He asked the team members to ensure that major functional aspects of the project are covered in the project plan and to identify any issue that might arise throughout the project life cycle. Ross explained that this request comes as a result of the tight deadline of the project and the team must develop a concise plan. Ross added that the plan will not be changed in any circumstance and will be followed in detail.

Following that, Ross and the team discussed the engagement of all relevant stakeholders throughout the project. Ross used a power/interest matrix to categorize all stakeholders in four different groups, where the tournament organizers were categorized as stakeholders with low interest but high power in the project. On the other hand, end users, the gamers, were categorized as stakeholders with high interest and high power in the project, so the project team created a survey to determine their needs and requirements.

Moreover, Ross was aware of the importance of effective communication for the success of the project. Therefore, he developed a communication plan which would ensure that each individual involved in the project gets the right information in a timely manner. The plan indicated that ad hoc discussions would be conducted in more complex and personal cases, whereas notes and text messages would be used for transmitting simple and factual information. Ross claimed that this model had been successful in previous projects conducted by the company because it allows faster processing of information and includes natural use of language. In addition, Ross determined that a relationship among project team members needs to be established to ensure productive work.

Question:

Ross required the team to develop a concise plan which will be followed in detail and that will not be changed in any circumstance. Is this compliant with ISO 21502?

Options:

A.

Yes, the project plan cannot be changed at any case once it is developed

B.

No, the project plan should be monitored and can be changed only prior to the execution phase

C.

No, the project plan should be monitored and can be updated, when required

Questions # 15:

According to PMBOK, what is the definition of Earned Value Analysis (EVA)?

Options:

A.

A method that utilizes a set of measures associated with scope, schedule, and cost to determine the cost and schedule performance of a project

B.

The amount of budget deficit or surplus at a given point in time, expressed as the difference between the earned value and the actual cost

C.

An earned value management measure that indicates how efficiently the work is being performed with regard to the budgeted cost of the work

Questions # 16:

Scenario:

Tricko is a clothing manufacturer headquartered in Milano, Italy. The company was founded in 2010 by Mario, a famous Italian fashion designer. Over the last few years, the company has seen immense growth and now has a chain of stores across multiple European cities. Following industry trends, the top management of Tricko concluded that the company should establish an online store. As such, they required Lily, an experienced IT engineer, to develop a brief for this potential project. After several meetings and discussions, the top management approved the project brief and assigned Lily as the project manager. For this project, she was instructed to use the guidelines of ISO 21502 on project management.

Lily initiated the project by mobilizing the project team, which included four web developers, two network engineers, and one systems analyst. In order to ensure that every team member is fully aware of their roles and responsibilities, Lily developed team performance domains which would link each project activity with the individuals responsible for undertaking it. She explained to the team members that it is important to clearly understand their roles and responsibilities, considering that the team composition cannot be reassessed or revised once the project plan is authorized to be executed. In addition, Lily defined in a document the project’s contribution to the overall objectives of Tricko, which reflected the relevant project requirements and their associated acceptance criteria.

Following that, Lily worked with the project team to discuss project costs. She suggested the team initially establish cost estimates only for the first phase of the project and then for the entire project. In addition, she required cost estimates to be expressed in currency valuations and in labor hours. One of the network engineers suggested that each team member should provide an estimate, and then the team should reach an agreement for a joint estimate. On the other hand, one of the developers suggested establishing an estimate for the costs after the closure of the project, such as advertising and promotion costs. Lily agreed with their suggestions and asked them to provide a total estimate as soon as possible.

Based on the total estimate provided by the project team, Lily developed the project budget and created a list of project activities, divided them into smaller items, and assigned a budget for each item.

Question:

Scenario 5 states that Lily required them to express the costs in labor hours and currency valuations. Is this acceptable?

Options:

A.

No, cost estimates should only be expressed in labor hours

B.

No, cost estimates should only be expressed in currency valuations

C.

Yes, cost estimates can be expressed in labor hours, number of equipment hours, or currency valuations

Questions # 17:

Which of the options below regarding project reporting is NOT correct?

Options:

A.

Reporting should be aligned with the current project documentation and determined from an analysis of project management information

B.

During the project, reporting should be monitored and adjusted to maintain alignment with the needs and requirements of the recipients of the reports

C.

The reporting approach and methods should be planned and documented at the end of the project

Questions # 18:

What is the purpose of controlling a project?

Options:

A.

To monitor and measure performance against the project plan

B.

To ensure that the scope of the project does not change under any circumstances

C.

To authorize the initiation of each stage of the project

Questions # 19:

Who is responsible for maintaining project governance?

Options:

A.

Project sponsor or project board

B.

Project manager

C.

Work package leader

Questions # 20:

Scenario:

Mallebare is an American company which designs and manufactures gaming accessories. Apart from keyboards, mice, and controllers, the company also manufactures high-quality headsets for which it is widely known. Recently, upon the request of numerous gamers, the company decided to manufacture mousepads too. For this project, Luke, the CEO of the company, assigned Ross, a senior designer of the company, as the project manager, whereas Smith, a senior engineer, was assigned as project sponsor. In addition, Luke stated the project should be complete within three months, as the company is aiming to promote the mousepads in a major gaming tournament. Lastly, Luke required them to utilize the guidelines of ISO 21502 to manage the project.

Initially, Ross mobilized the team and held a meeting with them to discuss and develop the project plan. He asked the team members to ensure that major functional aspects of the project are covered in the project plan and to identify any issue that might arise throughout the project life cycle. Ross explained that this request comes as a result of the tight deadline of the project and the team must develop a concise plan. Ross added that the plan will not be changed in any circumstance and will be followed in detail.

Following that, Ross and the team discussed the engagement of all relevant stakeholders throughout the project. Ross used a power/interest matrix to categorize all stakeholders in four different groups, where the tournament organizers were categorized as stakeholders with low interest but high power in the project. On the other hand, end users, the gamers, were categorized as stakeholders with high interest and high power in the project, so the project team created a survey to determine their needs and requirements.

Moreover, Ross was aware of the importance of effective communication for the success of the project. Therefore, he developed a communication plan which would ensure that each individual involved in the project gets the right information in a timely manner. The plan indicated that ad hoc discussions would be conducted in more complex and personal cases, whereas notes and text messages would be used for transmitting simple and factual information. Ross claimed that this model had been successful in previous projects conducted by the company because it allows faster processing of information and includes natural use of language. In addition, Ross determined that a relationship among project team members needs to be established to ensure productive work.

Question:

According to scenario 6, Ross categorized the tournament organizers as stakeholders with low interest but high power in the project. Based on the power/interest matrix, how should Ross manage tournament organizers?

Options:

A.

He should manage them closely

B.

He should keep them satisfied

C.

He should monitor them

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