CAM Project Management Fundamentals 2 — Questions and Answers
Question 1: A project manager notices scope creep occurring on an account project. What is the BEST first step to address this?
- Immediately halt all project work
- Review the original project charter and scope statement (Correct answer)
- Add more resources to accommodate the new scope
- Inform the client that no changes are possible
Correct answer: Review the original project charter and scope statement
Reviewing the original project charter and scope statement establishes the baseline from which any changes can be formally evaluated and controlled.
Question 2: Which scheduling technique shows task dependencies and the longest path through a project?
- Gantt chart
- Work Breakdown Structure
- Critical Path Method (CPM) (Correct answer)
- Resource leveling histogram
Correct answer: Critical Path Method (CPM)
The Critical Path Method identifies the sequence of dependent tasks that determines the minimum project duration and highlights which tasks have zero float.
Question 3: An account manager is creating a project budget. Which cost estimation technique uses actual costs from similar past projects?
- Parametric estimating
- Analogous estimating (Correct answer)
- Bottom-up estimating
- Three-point estimating
Correct answer: Analogous estimating
Analogous estimating uses historical data from previous similar projects as a basis for estimating the current project's cost or duration.
Question 4: A stakeholder requests a significant change late in a project. The account manager should FIRST:
- Approve the change to maintain client satisfaction
- Reject the change to protect the project timeline
- Submit the change through the formal change control process (Correct answer)
- Escalate the issue to senior management immediately
Correct answer: Submit the change through the formal change control process
All significant changes must go through formal change control to assess impact on scope, schedule, cost, and quality before approval or rejection.
Question 5: What does 'float' (or slack) represent in project scheduling?
- The total budget available for unplanned expenses
- The amount of time a task can be delayed without delaying the project end date (Correct answer)
- The number of resources assigned to a task
- The percentage of project completion
Correct answer: The amount of time a task can be delayed without delaying the project end date
Float is the amount of time an activity can be delayed from its early start without causing a delay to the project's overall completion date.
Question 6: Which project management document formally authorizes a project and grants the project manager authority to apply resources?
- Project scope statement
- Project charter (Correct answer)
- Work Breakdown Structure
- Project management plan
Correct answer: Project charter
The project charter is the document that formally initiates a project and authorizes the project manager to use organizational resources to achieve project objectives.
Question 7: An account manager calculates that Earned Value (EV) = $40,000 and Planned Value (PV) = $50,000. What does this indicate?
- The project is under budget
- The project is ahead of schedule
- The project is behind schedule (Correct answer)
- The project is over budget
Correct answer: The project is behind schedule
When EV is less than PV, the project has a negative Schedule Variance, meaning less work has been accomplished than was planned for this point in time.
CAM Project Management Fundamentals 2
A project manager notices scope creep occurring on an account project.
What is the BEST first step to address this?