PECB ISO 21502 Lead Project Manager Sample Questions:

1. What is a work package?

A) A method that uses a set of measures associated with scope, schedule, and cost to determine the cost and schedule performance of a project
B) The sequence of stages determining the minimum time needed for completing the project
C) The smallest unit of a work breakdown structure for which the cost and duration are estimated and managed

2. When can the project benefits be realized?

A) During the project, at the end of the project, or after the project has closed
B) Only after the post-project activities have been completed
C) At the end of the project only

3. Scenario:
Oakniture is a furniture manufacturer located in Bristol, England. It is known for its kitchen tables made out of different types of wood, such as chestnut, walnut, and oak. In early 2022, Lana, one of the senior researchers of the company, conducted a feasibility study to determine if there is a market for oak wood coffee tables, which indicated that the demand for oak wood coffee tables is relatively high. As such, Lana prepared a project brief and presented it to the top management of the company. The project brief included information on the project context and project objectives. After several discussions, the top management agreed that the project should be undertaken, but lastly, they asked Lana about the project duration. Lana claimed that the project duration cannot be determined and such information was not provided in the project brief; however, she added that the project duration will mainly depend on the competencies of the project team and on Oakniture's suppliers of wood.
Following that, the top management initiated the project and assigned Tom, the operations director, as the project manager, and Lana as the project sponsor. To manage the project, they decided to use the guidelines of ISO 21502.
Initially, Tom defined the governance and management framework alone, and then he mobilized the team and assigned the roles and responsibilities to each team member. In addition, Tom and the project team identified the stakeholders and developed the project plan. To ensure effective management of each project phase, Tom used a work breakdown structure (WBS) to organize project activities. Tom presented the project activities in the WBS by linking task dependencies and showing project milestones. In addition, Tom calculated the duration of each work package by determining the early start and early finish dates. Regarding the relationship between work packages, Tom required the project team to perform tasks in the predetermined order, regardless of any resource shortages they might experience.
A week after the project implementation began, Tom collected and analyzed data regarding the progress of the project. To keep everyone up to date, he held a meeting with Lana and project stakeholders.
Question:
Scenario 4 states that Tom presented the project activities in the WBS by linking task dependencies and showing project milestones. Which WBS format did Tom use?

A) Gantt chart
B) Gantt chart
C) Flowchart

4. How does ISO 21502 define project management?

A) Coordinated activities to direct and control the accomplishment of agreed objectives
B) Principles, policies, and procedures by which a project is authorized and directed to accomplish agreed objectives
C) Planned and systematic actions necessary to provide confidence to the sponsoring organization and project sponsor that a project is likely to achieve its objectives

5. According to ISO 21502, when is positive value created?

A) When the investment of resources is similar to the benefits enabled by the project
B) When the benefits enabled by the project exceed the investment of resources
C) When the project produces deliverables, regardless of the resources allocated for its implementation

Solutions: