PECB ISO 21502 ISO-21502-Lead-Project-Manager

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PECB ISO-21502-Lead-Project-Manager Exam Syllabus Topics:

PECB ISO 21502 Lead Project Manager Sample Questions:

1. According to ISO 21502, what should the process of controlling risks involve?

A) Ensuring that responses to negative risks minimize disruption to the project while responses to positive risks maximize beneficial impact
B) Developing options and actions to enhance opportunities and reduce threats to the project
C) Determining common causes which can help develop priorities for treating risks

2. What is the purpose of reporting?

A) To meet the information needs of each stakeholder
B) To inform relevant stakeholders on the project success only after the project has been completed
C) To provide the current status, forecast, and analysis of the project

3. Scenario:
Leute is a low-cost airline, headquartered in Wien, Austria. The company aims to offer passengers optimal options regarding its services and gain the lead role among other competitors in the airline industry. Recently, Leute experienced a major drop in revenue due to negative reviews from customers in various online platforms. To increase its profit and enhance customer satisfaction, the company decided to expand its in- flight services by offering entertainment, such as movies, audio books, and games, food for purchase in economy and full meals in premium cabins, and comforts, such as blankets and pillows. For the implementation of this project and future projects of the airline, the CEO of Leute, Michaele Wagner, decided to follow the guidelines of ISO 21502 on project management.
Initially, Allison, the project manager, created a short document in which she justified and summarized all project aspects, including: the nature and purpose of the project, the objectives of the project, key milestones of the project and the time needed to complete the project, and the audience that the project targets.
Afterward, Allison held a meeting with Michaele during which she presented this document and briefly explained each of its points. After a considerable amount of analysis and discussions, the project initiation was approved by Michaele. In addition, a team of eighteen members was authorized to start with the project activities.
While undertaking the project activities, Allison ensured that each work package takes longer than 8 hours, but less than 80 hours, so that they would be completed in 1 to 10 working days. In addition, during this phase, several changes were made in the predefined aspects of the project, which were approved by Nick Todd, the project sponsor. For instance, initially, the project delivery was set to be completed after six months. However, considering how the project was implemented and the time required for the completion of each phase, the deadline for the project completion was postponed for another two months. These changes were also reflected in the business case, which was updated accordingly.
A month after the project execution began, Allison conducted an earned value analysis to measure the progress of the project up to that stage. She measured how efficiently the work was being performed with regard to its budgeted cost, after which she concluded that it was going according to the plan. Moreover, she organized a meeting with relevant project stakeholders in order to communicate the progress report to them.
Question:
According to scenario 3, the business case was updated to reflect the changes made regarding the project delivery. Is this acceptable?

A) Yes, the business case can be updated to reflect changes on the project delivery, but not to reflect changes on other aspects of the project
B) Yes, the business case should be updated to reflect changes in the project's context
C) No, the business case can be updated only during pre-project activities

4. Which of the following statements describes a project termination by extinction?

A) The project is closed due to its failure or successful completion
B) The project is closed with the intention to resume at another time in the future
C) The project is closed due to the integration of project outputs to the operations of the parent organization

5. Among others, how can the project oversight be done?

A) By appointing more than one project manager
B) Through ad hoc escalations and interventions
C) By ensuring that the project plan is being followed in detail

Solutions: