Foundation Certificate in Project Management - ISEB-PM1 Exam Practice Test

Question 1

Which of the following is a tool and technique to develop the schedule?

A. SWOT analysis

B. Benchmarking

C. Variance analysis

D. What-if scenario analysis

Correct Answer: D

Question 2

You are working on a project that is similar in scope to a project performed last year by your company. You might consider which of the following?

A. Reusing the previous project's cost-benefit analysis as justification for this project

B. Using the previous project's alternatives identification as a template

C. Reusing the previous project's product description when writing the scope statement

D. Using the previous project's WBS as a template

Correct Answer: D

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Question 3

A team member notifies the project manager that the activities comprising a work package are no longer appropriate. It would be BEST for the project manager to be in what part of the project management process?

A. Corrective action

B. Project closing

C. Monitoring and controlling

D. Integrated change control

Correct Answer: C

Question 4

Who decides buyer and seller roles in a teaming agreement?

A. Executive management

B. Contract administrator

C. Project members

D. Project manager

Correct Answer: A

Question 5

Which of the following events would result in a baseline update?

A. One of the risks identified in the Risk Management Plan occurs resulting in a schedule delay.

B. Your customer has approved a change request broadening the project scope and increasing the budget.

C. Your project is behind schedule and you want your baseline to reflect estimated actual completion.

D. One of your key project team resources has left your team and no replacement is available.

Correct Answer: B

Question 6

Instead of celebrating the end of the project, the stakeholders are breathing a sigh of relief.
None of them were confident the project would meet the end date. Which of the following is NOT one of the reasons this project had difficulty?

A. Lack of a communications management plan

B. Lack of a payback period

C. Lack of a staffing management plan

D. Lack of milestones

Correct Answer: B

Question 7

What is the status of the project whose data is shown in the following S-curve?

A. Over budget and behind schedule

B. Under budget and ahead of schedule

C. Under budget and behind schedule

D. Over budget and ahead of schedule

Correct Answer: A

Question 8

Company A bought a well-defined project deliverable from Company B.
Company A will pay a fixed total price plus a percentage premium for the schedule target achieved.
For which type of contract have they subscribed?

A. Firm-fixed-price-contracts (FFP)

B. Time and material contracts (T&M)

C. Fixed price with Economic Price Adjustment Contracts (FP-EPA)

D. Fixed-price-incentive-fee contracts (FPIF)

Correct Answer: D

Question 9

Which of the following is NOT included in a schedule change control system?

A. Paperwork necessary for making changes

B. Tracking systems

C. Limitations on the scope of changes

D. Approval levels necessary for authorizing changes

Correct Answer: C

ISEB Foundation Certificate in Project Management - ISEB-PM1 Exam Practice Test

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