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PECB ISO-21502-Lead-Project-Manager Dumps

PECB ISO 21502 Lead Project Manager Exam Questions and Answers

Question 1

Scenario:

Exhibix is a video game developer headquartered in Zagreb, Croatia, which is known for producing therapeutic video games for children dealing with ADHD. In order to improve users’ experience, Exhibix suggested undertaking a project that would enable users to interact with the virtual content in the form of holograms through augmented reality glasses in the video games. For this project, the management decided to follow the guidelines of ISO 21502 on project management.

Prior to formalizing project management, the management of Exhibix assessed, among others, the potential impacts that the project management approach may have on both internal and external stakeholders. In addition, they determined if there were sufficient resources, both human and financial, for the formalized project management. Furthermore, during this period, the management decided to assess only the nature of previous projects, due to their successful delivery.

After formalizing project management, the project board organized a meeting during which they delegated their responsibilities to the project sponsor. Following this meeting, the project sponsor and project manager proceeded to define the project phases and their time frames. Considering the complexity of the project, the project manager suggested leaving open the possibility of overlapping certain phases of the project.

The preparations began in June, and the project manager and the team, consisting of 20 highly skilled professionals, had approximately six months to implement the project. During the implementation of the project, the project team noticed that the low maturity level of the company’s project management and the limited availability of resources were likely to have a negative impact on the performance of the project. With the deadline approaching, the team was also under a lot of pressure to close the project on time.

They were confronted with numerous challenges with the AR software, which led to the extension of the deadline for the project completion. During this period, the project office assisted the project manager and the team by providing administrative support and managing information regarding the project. Following these events, the project manager and the team were able to complete the project within the new set deadline. After the project sponsor confirmed the project closure, the AR glasses were released for use.

Question:

According to scenario 2, the project office provided administrative support for the project manager and the team. Is this compliant with ISO 21502?

Options:

A.

No, only the project sponsor can be involved in the project activities

B.

No, the project office should not perform project activities to avoid conflict of interest

C.

Yes, the project office can perform various activities to support the project manager and team

Question 2

Scenario:

Mallebare is an American company which designs and manufactures gaming accessories. Apart from keyboards, mice, and controllers, the company also manufactures high-quality headsets for which it is widely known. Recently, upon the request of numerous gamers, the company decided to manufacture mousepads too. For this project, Luke, the CEO of the company, assigned Ross, a senior designer of the company, as the project manager, whereas Smith, a senior engineer, was assigned as project sponsor. In addition, Luke stated the project should be complete within three months, as the company is aiming to promote the mousepads in a major gaming tournament. Lastly, Luke required them to utilize the guidelines of ISO 21502 to manage the project.

Initially, Ross mobilized the team and held a meeting with them to discuss and develop the project plan. He asked the team members to ensure that major functional aspects of the project are covered in the project plan and to identify any issue that might arise throughout the project life cycle. Ross explained that this request comes as a result of the tight deadline of the project and the team must develop a concise plan. Ross added that the plan will not be changed in any circumstance and will be followed in detail.

Following that, Ross and the team discussed the engagement of all relevant stakeholders throughout the project. Ross used a power/interest matrix to categorize all stakeholders in four different groups, where the tournament organizers were categorized as stakeholders with low interest but high power in the project. On the other hand, end users, the gamers, were categorized as stakeholders with high interest and high power in the project, so the project team created a survey to determine their needs and requirements.

Moreover, Ross was aware of the importance of effective communication for the success of the project. Therefore, he developed a communication plan which would ensure that each individual involved in the project gets the right information in a timely manner. The plan indicated that ad hoc discussions would be conducted in more complex and personal cases, whereas notes and text messages would be used for transmitting simple and factual information. Ross claimed that this model had been successful in previous projects conducted by the company because it allows faster processing of information and includes natural use of language. In addition, Ross determined that a relationship among project team members needs to be established to ensure productive work.

Question:

According to scenario 6, the communication plan indicated that ad hoc discussions would be conducted in more complex and personal cases, whereas notes and text messages would be used for transmitting simple and factual information. What type(s) of communication are planned in this case?

Options:

A.

Informal

B.

Formal

C.

Both formal and informal

Question 3

What is the purpose of controlling a project?

Options:

A.

To monitor and measure performance against the project plan

B.

To ensure that the scope of the project does not change under any circumstances

C.

To authorize the initiation of each stage of the project

Question 4

Scenario:

Tricko is a clothing manufacturer headquartered in Milano, Italy. The company was founded in 2010 by Mario, a famous Italian fashion designer. Over the last few years, the company has seen immense growth and now has a chain of stores across multiple European cities. Following industry trends, the top management of Tricko concluded that the company should establish an online store. As such, they required Lily, an experienced IT engineer, to develop a brief for this potential project. After several meetings and discussions, the top management approved the project brief and assigned Lily as the project manager. For this project, she was instructed to use the guidelines of ISO 21502 on project management.

Lily initiated the project by mobilizing the project team, which included four web developers, two network engineers, and one systems analyst. In order to ensure that every team member is fully aware of their roles and responsibilities, Lily developed team performance domains which would link each project activity with the individuals responsible for undertaking it. She explained to the team members that it is important to clearly understand their roles and responsibilities, considering that the team composition cannot be reassessed or revised once the project plan is authorized to be executed. In addition, Lily defined in a document the project’s contribution to the overall objectives of Tricko, which reflected the relevant project requirements and their associated acceptance criteria.

Following that, Lily worked with the project team to discuss project costs. She suggested the team initially establish cost estimates only for the first phase of the project and then for the entire project. In addition, she required cost estimates to be expressed in currency valuations and in labor hours. One of the network engineers suggested that each team member should provide an estimate, and then the team should reach an agreement for a joint estimate. On the other hand, one of the developers suggested establishing an estimate for the costs after the closure of the project, such as advertising and promotion costs. Lily agreed with their suggestions and asked them to provide a total estimate as soon as possible.

Based on the total estimate provided by the project team, Lily developed the project budget and created a list of project activities, divided them into smaller items, and assigned a budget for each item.

Question:

Based on scenario 5, which estimation method for project cost did the network engineer propose?

Options:

A.

Parametric estimating

B.

Single-point estimating

C.

Wideband Delphi estimating

Question 5

Among others, how can the project oversight be done?

Options:

A.

Through ad hoc escalations and interventions

B.

By ensuring that the project plan is being followed in detail

C.

By appointing more than one project manager

Question 6

To whom does the project manager report?

Options:

A.

Only to organization’s top management

B.

Key stakeholders

C.

Project sponsor and project board

Question 7

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:

Based on scenario 3, Allison conducted the earned value analysis to measure the efficiency of work being performed with regard to its budgeted cost. Which of the following metrics did Allison use in this case?

Options:

A.

Cost variance (CV)

B.

Cost performance index (CPI)

C.

Actual cost (AC)

Question 8

The project manager developed the WBS by noting different deliverables and tasks in columns and rows. Which type of WBS format did the project manager use?

Options:

A.

List

B.

Flowchart

C.

Spreadsheets

Question 9

Scenario:

Exhibix is a video game developer headquartered in Zagreb, Croatia, which is known for producing therapeutic video games for children dealing with ADHD. In order to improve users’ experience, Exhibix suggested undertaking a project that would enable users to interact with the virtual content in the form of holograms through augmented reality glasses in the video games. For this project, the management decided to follow the guidelines of ISO 21502 on project management.

Prior to formalizing project management, the management of Exhibix assessed, among others, the potential impacts that the project management approach may have on both internal and external stakeholders. In addition, they determined if there were sufficient resources, both human and financial, for the formalized project management. Furthermore, during this period, the management decided to assess only the nature of previous projects, due to their successful delivery.

After formalizing project management, the project board organized a meeting during which they delegated their responsibilities to the project sponsor. Following this meeting, the project sponsor and project manager proceeded to define the project phases and their time frames. Considering the complexity of the project, the project manager suggested leaving open the possibility of overlapping certain phases of the project.

The preparations began in June, and the project manager and the team, consisting of 20 highly skilled professionals, had approximately six months to implement the project. During the implementation of the project, the project team noticed that the low maturity level of the company’s project management and the limited availability of resources were likely to have a negative impact on the performance of the project. With the deadline approaching, the team was also under a lot of pressure to close the project on time.

They were confronted with numerous challenges with the AR software, which led to the extension of the deadline for the project completion. During this period, the project office assisted the project manager and the team by providing administrative support and managing information regarding the project. Following these events, the project manager and the team were able to complete the project within the new set deadline. After the project sponsor confirmed the project closure, the AR glasses were released for use.

Question:

According to scenario 2, the project sponsor confirmed the project closure. Is this acceptable?

Options:

A.

Yes, the project sponsor can confirm the project closure

B.

No, the project manager should confirm the project closure

C.

No, the project office has to confirm the project closure

Question 10

Which of the following statements is the definition of project interface?

Options:

A.

The control mechanisms applied to measure the overall project performance

B.

The transition period between project phases

C.

The area or zone where different stakeholders meet and interact

Question 11

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:

Allison prepared a short document in which she justified and summarized all project aspects. Which of the following did Allison create in this case?

Options:

A.

Project brief

B.

Project baseline

C.

Project plan

Question 12

When should the needs and opportunities resulting from the organizational strategy or business requirements be evaluated?

Options:

A.

Throughout the project life cycle

B.

Before formal authorization to initiate a new project

C.

After pre-project activities are completed

Question 13

Whose cultural and ethical norms should the governance of projects take into consideration?

Options:

A.

Communities in which the organization operates

B.

Any other organizations involved

C.

Both A and B

Question 14

Who is responsible for maintaining project governance?

Options:

A.

Project sponsor or project board

B.

Project manager

C.

Work package leader

Question 15

Scenario:

Mallebare is an American company which designs and manufactures gaming accessories. Apart from keyboards, mice, and controllers, the company also manufactures high-quality headsets for which it is widely known. Recently, upon the request of numerous gamers, the company decided to manufacture mousepads too. For this project, Luke, the CEO of the company, assigned Ross, a senior designer of the company, as the project manager, whereas Smith, a senior engineer, was assigned as project sponsor. In addition, Luke stated the project should be complete within three months, as the company is aiming to promote the mousepads in a major gaming tournament. Lastly, Luke required them to utilize the guidelines of ISO 21502 to manage the project.

Initially, Ross mobilized the team and held a meeting with them to discuss and develop the project plan. He asked the team members to ensure that major functional aspects of the project are covered in the project plan and to identify any issue that might arise throughout the project life cycle. Ross explained that this request comes as a result of the tight deadline of the project and the team must develop a concise plan. Ross added that the plan will not be changed in any circumstance and will be followed in detail.

Following that, Ross and the team discussed the engagement of all relevant stakeholders throughout the project. Ross used a power/interest matrix to categorize all stakeholders in four different groups, where the tournament organizers were categorized as stakeholders with low interest but high power in the project. On the other hand, end users, the gamers, were categorized as stakeholders with high interest and high power in the project, so the project team created a survey to determine their needs and requirements.

Moreover, Ross was aware of the importance of effective communication for the success of the project. Therefore, he developed a communication plan which would ensure that each individual involved in the project gets the right information in a timely manner. The plan indicated that ad hoc discussions would be conducted in more complex and personal cases, whereas notes and text messages would be used for transmitting simple and factual information. Ross claimed that this model had been successful in previous projects conducted by the company because it allows faster processing of information and includes natural use of language. In addition, Ross determined that a relationship among project team members needs to be established to ensure productive work.

Question:

Ross required the team to develop a concise plan which will be followed in detail and that will not be changed in any circumstance. Is this compliant with ISO 21502?

Options:

A.

Yes, the project plan cannot be changed at any case once it is developed

B.

No, the project plan should be monitored and can be changed only prior to the execution phase

C.

No, the project plan should be monitored and can be updated, when required

Question 16

Scenario:

Headquartered in Geneva, Switzerland, DND is one of the largest worldwide automakers. It first gained global recognition after introducing a sports car, which quickly became highly demanded by sports car lovers around the world. Alec Law, the CEO of DND, and his management team recently decided to embark on a new project, i.e., the production of alternative fuel cars, which would use an alternative fuel source instead of traditional petroleum fuels, as the other cars of the company do, in order to promote sustainable and low-carbon transportation. For the implementation of this project, the company decided to follow the guidelines of ISO 21502 on project management.

During the development of the project governance framework, the company took into account several factors, including, among others, the legal context of stakeholders. In the project governance, the company also included oversights on the management frameworks and the project life cycle. In order to determine the project life cycle, the external environment was considered, including information on studies that related to similar projects. In addition, the company decided to separate this project governance from its overall governance.

Moreover, the company developed a project organization, where the roles, responsibilities, and authorities in the project were defined. In addition, the responsibilities of the project office and project assurance, among others, were defined. The project organization also included a customer representative. Once the project organization was developed and approved by the project board, it was communicated only to the project team.

As the project was entering its design stage, the project board made a change in the structure of the project organization since one of the work package leaders had resigned from the project in order to be involved in another project of the company.

Question:

According to scenario 1, the project board made a change in the project organization structure after the project entered the design stage. Is this acceptable?

Options:

A.

Yes, the project organization can change throughout the project life cycle

B.

Yes, the project organization can change only during the design stage of the project

C.

No, once the project organization is developed and approved, it cannot be changed

Question 17

What is the purpose of the planning quality phase?

Options:

A.

To define the applicable standards and quality requirements regarding a project and its outcomes

B.

To ensure compliance with the determined quality requirements and applicable standards

C.

To determine if the requirements are being met and take actions to improve unsatisfactory performance

Question 18

What is the purpose of benefit management?

Options:

A.

To assist the sponsoring organization and the customer in realizing the desired benefits of a project from the project’s outcomes

B.

To enable the project to continue to be relevant, justifiable, and beneficial in the organizational context

C.

To ensure that the project still meets the organization’s needs and stakeholder expectations, and that risks are at an acceptable level

Question 19

Who should be consulted as part of project management progress evaluations?

Options:

A.

Project sponsors and project managers and their teams

B.

Project board and project assurance

C.

Work package leaders only

Question 20

According to ISO 21502, why should the organizational strategy be used?

Options:

A.

To maximize the likelihood of success within the project environment and eliminate threats

B.

To identify, document, and evaluate opportunities, threats, weaknesses, and strengths, which can help inform future action

C.

To enable organizations to create tangible value instead of intangible value

Question 21

What is the purpose of post-project activities?

Options:

A.

To verify that the outcomes of the project are sustainable and the expected benefits are being realized

B.

To handle events or problems that have happened and threaten the success of the project

C.

To record the customer’s acceptance or rejection of the project deliverables

Question 22

What does ISO 21502 provide?

Options:

A.

Guidance on the principles of project and program portfolio management

B.

High-level descriptions of effective practices for project management

C.

Guidance on the management of projects, programs, and portfolios

Question 23

Scenario:

Exhibix is a video game developer headquartered in Zagreb, Croatia, which is known for producing therapeutic video games for children dealing with ADHD. In order to improve users’ experience, Exhibix suggested undertaking a project that would enable users to interact with the virtual content in the form of holograms through augmented reality glasses in the video games. For this project, the management decided to follow the guidelines of ISO 21502 on project management.

Prior to formalizing project management, the management of Exhibix assessed, among others, the potential impacts that the project management approach may have on both internal and external stakeholders. In addition, they determined if there were sufficient resources, both human and financial, for the formalized project management. Furthermore, during this period, the management decided to assess only the nature of previous projects, due to their successful delivery.

After formalizing project management, the project board organized a meeting during which they delegated their responsibilities to the project sponsor. Following this meeting, the project sponsor and project manager proceeded to define the project phases and their time frames. Considering the complexity of the project, the project manager suggested leaving open the possibility of overlapping certain phases of the project.

The preparations began in June, and the project manager and the team, consisting of 20 highly skilled professionals, had approximately six months to implement the project. During the implementation of the project, the project team noticed that the low maturity level of the company’s project management and the limited availability of resources were likely to have a negative impact on the performance of the project. With the deadline approaching, the team was also under a lot of pressure to close the project on time.

They were confronted with numerous challenges with the AR software, which led to the extension of the deadline for the project completion. During this period, the project office assisted the project manager and the team by providing administrative support and managing information regarding the project. Following these events, the project manager and the team were able to complete the project within the new set deadline. After the project sponsor confirmed the project closure, the AR glasses were released for use.

Question:

Considering the complexity of the project, the project manager suggested leaving open the possibility of overlapping certain phases of the project. Is this acceptable?

Options:

A.

No, project phases should not overlap with one another

B.

Yes, because it is possible that project phases can overlap

C.

No, only the project sponsor has the authority to make a decision regarding project phases

Question 24

Which of the following, among others, is a responsibility of the work package leader?

Options:

A.

Validating the deliverables and outcomes provided by the project

B.

Managing and optimizing the use of resources

C.

Setting the cultural and ethical tone for the project

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Total 80 questions