L5M8 Practice Exam Questions and Answers

A.  

authorises the initiation of the project

B.  

approves a budget to the project

C.  

approves major deviations from the original plan

D.  

replaces ineffective team members within the project group

A.  

yes – this allows for shared processes and pooled resources

B.  

yes – it is important to analyse the supply chain network before a project commences using the RACI model

C.  

no – this should be evaluated several times throughout the lifetime of the project

D.  

no – there is no requirement to analyse this as it will not affect the project’s performance

A.  

agility within the organisation to respond quickly to change

B.  

the capability to deal with fluctuations in prices

C.  

the capacity to work with a larger volume of supply network partners

D.  

the ability to apply new information and add value to the organisation

A.  

cynical employees are a problem so should be dealt with via the disciplinary route

B.  

highlight key achievements of the company and areas where the change has been successful

C.  

allow for upwards communication and for staff to ask any questions

D.  

there is nothing Zoe can do as the Psychological Contract is under strain

A.  

5–10 pages of detailed progress information

B.  

an indication of the overall health of the project using a RAG system

C.  

a list of issues currently facing the project

D.  

a stakeholder management plan

A.  

minimal effort

B.  

keep informed

C.  

keep satisfied

D.  

key player

A.  

it holds Project Managers to account

B.  

it provides an optimal model for how the project should run

C.  

it ensures sign-off of the Project Initiation Document

D.  

it provides a framework of KPIs

A.  

to ensure resources required to complete project tasks are available in a timely manner

B.  

to ensure there are no deviations from the project timeline

C.  

to monitor the project outcomes in terms of KPIs

D.  

to set limits and boundaries to what can be achieved

A.  

to assess why a change has happened

B.  

to identify issues that can arise if changes are made

C.  

to forecast changes in the external environment

D.  

to assign blame for a problem that has occurred

A.  

an evaluation of the motives behind the project

B.  

an evaluation which looks at “lessons learned” from the project

C.  

an evaluation which provides quantifiable outcomes as to the success of a project

D.  

an evaluation which examines how and why a project succeeded/failed