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5 Cards in this Set
- Front
- Back
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1. You are the project manager of a construction project to build an Industrial Technology Park in a foreign country. You find that you need to transport large machinery and equipment to the construction site and this may potentially cause some disturbance to traffic in the vicinity. You therefore plan to schedule this for a time which is considered off peak-hour traffic. Your liaison in the country informs you that you need to pay a fee to the local administration to do this. How would you handle this?
A. You would pay this only if it was part of the initial project estimate else you would need to check with your customer on whether this fee can be billed to the customer. B. You would pay the amount in question and adjust the same in another activity during billing since this cannot be justified. C. Payment of any fee for such a reason would be perceived as a bribe. Hence you would not pay the fee. D. You would first check with your legal team on whether such a fee is a requirement and complies with the local regulations. |
1. D - A fee is not necessarily a bribe. However, when in doubt on any of the information provided by your local contacts, the project manager should check with the legal team. Depending on the nature of the contract (whether T&M, Fixed price, Cost Reimbursable etc), you should keep your customer appropriately informed on the fees and any charges. [Prof. Responsibility]
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2. You are a consulting project manager and have been contracted by an investment bank to run a large information technology project that is expected to last 15 months. While developing the project charter, you discover that several regulatory requirements have not been addressed in the business case. Failure to meet these requirements could result in legal action against the company. However, implementing the technology to comply with these regulations exceeds the budget and scope of the project, and could result in the cancellation of the project. What should you do?
A. Wait until the project is 25% complete, when you have a better idea of what resources and funding could be allocated to addressing these requirements. B. Track this as a risk. C. Write up a scope change for the work. D. Immediately disclose the discovery to the project sponsor and stakeholders. |
2. D - Notifying the stakeholders immediately that there has been a significant oversight in the business case is the appropriate response. Project managers are required by PMI’s Code of Ethics to comply with all laws and regulations. Failure to immediately and actively disclose that a regulatory requirement has not been addressed puts the company and the project manager in the position of breaking the law. [Reference - PMBOK 4th Edition, page 75 & PMI Code of Ethics and Professional Conduct, Page 2, 3] [Prof. Responsibility]
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3. A fundamentally functional organization creates a special project team to handle a critical project. This team has many of the characteristics of a project team in a project organization and has a project manager dedicated to the project. Such an organization would be called: A.
A projectized organization B. A functional organization. C. A strong matrix organization D. A composite organization |
3. D - This organization would be called a composite organization. [Project Integration Management]
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4. As you are creating the Activity List, which technique is recommended for subdividing the project into smaller components called activities?
A. Decomposition B. Rolling Wave Planning C. Define Activities D. Deconstruction |
4. A - The decomposition technique allows the project manager to create unique, small, and manageable pieces of work from the larger work packages. [PMBOK Page 134] [Project Time Management]
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5. It has come to your attention that a consultant hired to provide an expert opinion on certain elements of a construction project during the project charter development also has business ties to one of the firms that is bidding on the project. However, both the consultant and the bidding firm have signed non-disclosure agreements with your organization. What should you do?
A. Remind the consultant and the bidding firm that the NDA prevents them from discussing this project with each other. B. Fire the consultant. C. Immediately notify project sponsor and stakeholders of this possible conflict of interest. D. Document this but do nothing until the bids come in, then throw out the bid from the company with ties to the consultant. |
5. C - PMI’s code of ethics requires project managers to be committed to honest and fair practices. By notifying the sponsor and stakeholder of the potential conflict of interest, these project team members and the project manager can make the best decision for the company as to how to proceed. [Reference - PMBOK 4th Edition, page 77 & PMI code of Ethics and Professional Conduct, Page 3- 5] [Prof. Responsibility]
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