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L5M8 Questions and Answers

Question # 6

Darryl is a Project Manager at CCC Company and has been tasked to introduce a change. The change will be brought about incrementally and Darryl has been chosen to lead on this due to his expertise in the subject matter. The Company is hoping that due to Darryl's credibility, the staff at CCC will embrace the proposed changes. What type of 'change agent' is Darryl?

A.

transformer

B.

specialist

C.

enforcer

D.

independent

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Question # 7

Baby Socks Ltd is a retailer which is currently growing and expanding. Originally a start-up, the company is now transitioning into a more mature and functional organisation. More staff have been hired and lower-level managers will now need to take accountability for some business decisions. As the company evolves into the new structure, which of the following is likely to be a cause of crisis at the organisation?

A.

leadership

B.

red tape

C.

intellectual property

D.

wider marketplace

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Question # 8

What is the role of theExecutiveof a Project Board?Select THREE

A.

promotes the desired user outcomes

B.

acts as a single point of accountability

C.

manages conflicts of interest

D.

represents those that design and develop the project products

E.

appoints other members to the board

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Question # 9

Raincoat Incorporated is running a project with two major activities. Activity 1 will start on the 1st January and finish on the 1st June. Activity 2 will start just before the completion of Activity 1, around 15th May, and run until 31st December. What type of sequencing is being used?

A.

finish to start with lag

B.

finish to start with lead

C.

start to finish with lag

D.

start to finish with lead

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Question # 10

Which of the following is aninternational standard for Social Responsibility?

A.

ISO 26000

B.

ISO 27000

C.

Social Value Act

D.

Ethical Trading Initiative

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Question # 11

The analysis of roles, relationships and interdependencies within the supply chain network requires evaluation only at the start of a project. Is this correct?

A.

yes – this allows for shared processes and pooled resources

B.

yes – it is important to analyse the supply chain network before a project commences using the RACI model

C.

no – this should be evaluated several times throughout the lifetime of the project

D.

no – there is no requirement to analyse this as it will not affect the project’s performance

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Question # 12

A florist is introducing a new electronic ordering system that will reduce staff numbers. The Managing Director is anticipating staff reactions. Which of the following stages of theChange Cyclewill staff likely experience first?Select TWO

A.

acceptance

B.

discovery

C.

loss

D.

discomfort

E.

doubt

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Question # 13

Dependencies are the relation between tasks and dictate the order in which tasks are approached. Claudia is running a tender under the Public Contracts Regulations 2015, and there is a 10-day standstill period before she can draft the contract. What type of dependency is this?

A.

mandatory dependency

B.

external dependency

C.

discretionary dependency

D.

internal dependency

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Question # 14

In Project Management, when would you use aMonte Carlo Analysis?

A.

to set a project timeline

B.

to simulate risks

C.

to assign a budget

D.

to work out return on investment

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Question # 15

What is the purpose of theproject controlstage within the project lifecycle?

A.

to ensure resources required to complete project tasks are available in a timely manner

B.

to ensure there are no deviations from the project timeline

C.

to monitor the project outcomes in terms of KPIs

D.

to set limits and boundaries to what can be achieved

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Question # 16

Which of the following describes a change in which there is a series of rapid and simultaneous changes, fundamentally altering the way a business functions?

A.

evolution

B.

adaptation

C.

revolution

D.

reconstruction

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Question # 17

Ian is a Project Manager for a large construction project involving the building of a new hospital. A complex supply network is involved which includes the use of several subcontractors. Which of the following would be thebest methodfor dealing with subcontractors for this project?

A.

involve subcontractors early on in the planning stage

B.

focus on price and have a transactional relationship with subcontractors

C.

ensure all communication with subcontractors is via the tier-one suppliers

D.

closely manage subcontractors by using KPIs and holding regular meetings with them

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Question # 18

Cleo is a Project Manager and is drafting a set of objectives for her project. She has decided that the project must have completed stages 1 and 2before the end of the financial year. This is an example of what type of objective?

A.

achievable

B.

relevant

C.

specific

D.

time-bound

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Question # 19

Which of the following are often considered the success factors for a project?Select TWO

A.

large budget

B.

well planned

C.

well-defined objectives and requirements

D.

strong management of external stakeholders

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Question # 20

Andrew is creating aSWOT analysisfor his department and so far has noted the following: lack of direction, resource constraints, and competitor advantage. Which area of the SWOT analysis has Andrew completed?

A.

strengths

B.

weaknesses

C.

opportunities

D.

threats

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Question # 21

What is the purpose of completing aProject Reviewat the end of a project?Select TWO

A.

to assign blame for areas that did not go well

B.

for team members to reflect on what they learned during the project

C.

to understand long-term changes the project might create

D.

to satisfy a demand from senior leadership

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Question # 22

Yes Ltd is a consultancy organisation running many projects simultaneously. Fiona, the CEO, claims that all projects should use project management software. Is this correct?

A.

yes – software will ensure projects are delivered to timescales and budgets

B.

yes – all projects require the use of software to track data

C.

no – the use of software may not be required for smaller projects

D.

no – software should never be used as a project management tool

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Question # 23

Subcontractors are primary members of the supply chain and have an impact on value-adding activities of a project. Is this sentence TRUE?

A.

yes – subcontractors can fulfil a need for a complex skill

B.

yes – subcontractors are always used on large, complex projects

C.

no – subcontractors are not primary members of the supply chain

D.

no – subcontractors do not have an impact on value-adding activities

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Question # 24

What is adisadvantageof using anevolutionary approachto change management within an organisation?

A.

change is implemented too quickly that it may fail

B.

there is a lack of immediacy which means some people will be reluctant to change

C.

there is a lack of political capital to move the change along quickly

D.

the change cannot take advantage of favourable circumstances

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Question # 25

Derek is a Project Manager at Dandelion Ltd and is beginning the project initiation phase of a new project looking into the creation of a new product line. He is creating a business case for senior leadership. Should Derek include within this risks and concerns he has about the potential failure of the project?

A.

yes – it is important that senior management are aware of the risks and a contingency plan is included

B.

yes – all projects have financial risks associated with them and senior management must be aware of this

C.

no – the project initiation should focus on the value-add objectives of the project

D.

no – the project initiation focuses on the “why” of the project and should present a business case for completing the project

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Question # 26

Rachel is the Executive of a Project Board and is tasked with creating a Project Initiation Document (PID). Which of the following is TRUE about this document?Select TWO

A.

it is created once at the beginning of the project and reviewed at the end

B.

it is created before the project takes place but can be edited during the project

C.

it includes only the positive aspects of the project such as what the project will achieve

D.

it includes both positive and negative aspects of the project including constraints and risks

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