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PECB ISO 21502 Lead Project Manager Sample Questions:

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

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

2. Which of the following situations indicates a hope creep?

A) A member of the project team slips behind schedule, but reports that they are on track, expecting to catch up by the next report deadline
B) A project team member works, but does not make progress proportional to their efforts
C) Project team members randomly add elements and features to the deliverables that they believe the client would prefer to have

3. Which of the following statements regarding the difference between traditional and agile methodologies is correct?

A) Projects can stop or take a reverse direction in traditional methodologies, but not in agile methodologies
B) The project structure is not firmly defined in traditional methodologies, but it is in agile methodologies
C) The stakeholders' impact on project management is minimal in traditional methodologies, whereas, in agile methodologies, it is greater

4. Scenario:
Oakniture is a furniture manufacturer located in Bristol, England. It is known for its kitchen tables made out of different types of wood, such as chestnut, walnut, and oak. In early 2022, Lana, one of the senior researchers of the company, conducted a feasibility study to determine if there is a market for oak wood coffee tables, which indicated that the demand for oak wood coffee tables is relatively high. As such, Lana prepared a project brief and presented it to the top management of the company. The project brief included information on the project context and project objectives. After several discussions, the top management agreed that the project should be undertaken, but lastly, they asked Lana about the project duration. Lana claimed that the project duration cannot be determined and such information was not provided in the project brief; however, she added that the project duration will mainly depend on the competencies of the project team and on Oakniture's suppliers of wood.
Following that, the top management initiated the project and assigned Tom, the operations director, as the project manager, and Lana as the project sponsor. To manage the project, they decided to use the guidelines of ISO 21502.
Initially, Tom defined the governance and management framework alone, and then he mobilized the team and assigned the roles and responsibilities to each team member. In addition, Tom and the project team identified the stakeholders and developed the project plan. To ensure effective management of each project phase, Tom used a work breakdown structure (WBS) to organize project activities. Tom presented the project activities in the WBS by linking task dependencies and showing project milestones. In addition, Tom calculated the duration of each work package by determining the early start and early finish dates. Regarding the relationship between work packages, Tom required the project team to perform tasks in the predetermined order, regardless of any resource shortages they might experience.
A week after the project implementation began, Tom collected and analyzed data regarding the progress of the project. To keep everyone up to date, he held a meeting with Lana and project stakeholders.
Question:
According to scenario 4, Tom calculated the duration of each work package by determining the early start and early finish dates. Which of the following did Tom use in this case?

A) Forward pass
B) Calculation float
C) Backward pass

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

A) Eliminate exploitation costs
B) Avoid at all costs making changes in the project plan which would require additional costs
C) Retain records of project costs and monitor expenses

Solutions: