1. Which of the following is not the feature of a project?

1        

Constrained by limited resources

2        

Planned, executed and controlled

3        

Creates unique product or service

4        

May be ongoing and repetitive

         Correct Choice: 4

         Justification: Operations and projects differ primarily in that operations are ongoing and repetitive while projects are temporary and unique. A project can thus be defined in terms of its distinctive characteristics - a project is a temporary endeavor undertaken to create a unique product or service

PMBOK 2000 Page 4

2. In an automobile company for which you are the project manager, the allowable standard deviation for a product required from the contractor is within 0.002 inches. However, while examining the product, you find out that the standard deviation is slightly more than 0.002 inches. You believe that the deviation is very small and hence, acceptable. In this case you must:

1        

Allow the product because it is a very small deviation from the company standard which you think is acceptable.

2        

Document the lower quality level, ask the contractor for explanation and try to find a solution

3        

Reject the product outright

4        

Allow the lower standard this time but inform the contractor to be more quality conscious going forward

         Correct Choice: 2

         Justification: Any decrease in quality level should be documented and discussed with the contractor. If there is a small decrease from the required quality, rejecting the product outright(Choice 3) is extremely harsh. Similarly, allowing for lower quality (Choice 1 and Choice 4) is not advisable.

3. All these statements about project charter are correct except:

1        

Project charter includes or references the business need and product description

2        

Project Charter provides authority to the project manager

3        

Project charter formally authorizes a project

4        

Project charter is issued by the project sponsor

         Correct Choice: 4

         Justification: The project charter should be issued by a manager external to the project, and at a level appropriate to the needs of the project.

PMBOK Page 54