CRT Project Management for IT 2

Question 1

A tobacco retail chain is implementing a new POS system across 12 locations. Which project management approach best suits a rollout where each location deployment provides lessons for the next?

Accepted Answer

Rolling wave planning with iterative rollout

Answer

Rolling wave planning allows each successive store deployment to incorporate lessons learned, reducing risk across the rollout.

Question 2

During a software upgrade project for a tobacconist's inventory system, the team discovers the vendor will discontinue support in 6 months. What risk response strategy should the project manager apply?

Accepted Answer

Mitigate the risk by accelerating the upgrade timeline

Answer

Mitigation involves taking action to reduce the probability or impact of a risk, such as accelerating work before the deadline.

Question 3

A retail tobacconist IT project has a Schedule Performance Index (SPI) of 0.82. What does this indicate?

Accepted Answer

The project is progressing at 82% of the planned rate

Answer

An SPI below 1.0 means the project is behind schedule, completing only 82 cents of planned work per dollar of scheduled work.

Question 4

When integrating a new age-verification software module into an existing POS system at a tobacconist shop, which document formally authorizes the project and assigns the project manager?

Accepted Answer

Project charter

Answer

The project charter formally authorizes the project and gives the project manager authority to apply resources to project activities.

Question 5

A tobacconist chain's IT team must choose between upgrading hardware now or waiting for a new model. Which project management tool best supports this decision by comparing financial outcomes over time?

Accepted Answer

Net Present Value (NPV) analysis

Answer

NPV analysis discounts future cash flows to present value, enabling objective comparison of investment timing decisions.

(CRT) Certified Retail Tobacconist Practice Test

(CRT) Certified Retail Tobacconist Practice Test

CRT Project Management for IT 2