1.

The project scope keeps changing and team members are not sure
why and the project seems like it will never end.As discussed in the Project
Management course, The PMBOK® Guide describes 10 Project
Management Knowledge Areas. Identify 3 out of the 10:
A. Stakeholder, Communication, Human Resource
B. Stakeholder, Vendor, Customer
C. Risk, Human Resource, Vendor
D. Procurement, Communication, Customer

2. You just came from a meeting with one of your project stakeholders,
he knew well about your project and also its potential impacts, and actively
engaged in ensuring that the project is a success. How would you classify
him?
A. Supportive
B. Neutral
C. Unaware
D. Leading

3. The best time to assign a project manager to a project is during:

A. Initiating
B. Planning
C. Executing
D. Integration
E. Project selection

4. True or False: Your role as the project manager during quality

assurance is to implement the quality management plan using the
appropriate tools and techniques, in order to ensure that work is being
performed according to required quality standards.
A. False
B. True

5. Which one is correct view of conflict?

A. Caused by troublemakers
B. Always bad
C. Natural result of change
D. Must be suppressed

6. Which of the following is NOT likely to be documented in a

communications management plan?
A. Person responsible for tracking risk events
B. Time frame and frequency of communication
C. How information will be communicated
D. What information will be communicated

7. As part of planning you have created a scope baseline, a budget

baseline, and a schedule baseline. Should those baselines ever be allowed to
change?
A. No, a baseline is a baseline.
B. Yes, it the schedule slips it is OK to update the baseline.
C. Yes, if the project manager approves baseline changes.
D. Yes, if the baseline is completely unachievable and the project sponsor
approves it.

8. Your stakeholder register should not contain:

A. Identification information
B. Assessment information
C. Stakeholder classification
D. Scope information

When you have good historical information which can be used in a reliable
formula or model, you will probably use:
A. Parametric estimating
B. Exact estimating
C. Analogous estimating
D. Bottoms up estimating

(Choose 1 answer)
You have a project to build a new fence. The fence will form a square.
Cach side is to take one day to build, and $1,000 has been budgeted per
side. The sides are planned to be completed one after the other. Today is
the end of day 3. Using the following project status chart to calculate
project current PV:
A. PV = $3.000
B. PV = $2.200
C. PV = $2,650
D. PV = $3.100
E. PV = $2,500
F. PV = $3,250

Should the Project Scope Statement document include?

A. Acceptance criteria
B. Milestones
C. WBS (Work Breakdown Structure)
D. WBS Dictionary

True or False: Using top-down estimating techniques when the detail is

available and the accuracy is needed.
A. True
B. False

Which one is not the five engagement levels of stakeholders?

A. Unaware
B. Resistant
C. Neutral
D. Supportive
E. Leading
F. Monitoring

True or False: Project Human Resource Management includes the

processes that define the tasks and assign them to suitable resources, and
motivate project team to complete the tasks.
A. False
B. True

All of the following is responsible for documenting lessons learned, except:

A. Project manager
B. Project team
C. Key stakeholders
D. Key competitors
When you schedule work in a specific order because it cannot be completed
any other way, what is the type of dependency used?
A. Discretionary
B. Internal
C. Mandatory
D. External

True or False: Performance reporting aims to inform stakeholders how

resources are being used to achieve the project's objectives.
A. True
B. False

True or False: The primary goal of project risk management is to

maximize the likelihood and impact of negative events or threats and to
minimize the likelihood and impact of positive events or opportunities.
A. False
B. True

The network diagram is the best tool for demonstrating:

A. Schedule performance over time
B. Schedule variances
C. Resource requirements
D. The sequence of project activities

Which statement is not correct?

A. Project scope is the work that needs to be accomplished to deliver a product,
service, or result.
B. Product scope completion is measured against the product requirement.
C. Project scope completion is measured against the project management plan
and specially the project scope statement, the work breakdown structure (WBS),
and the WBS dictionary.
D. Product scope is the work that needs to be accomplished to complete a
project
As you plan your project, the sponsor informed you that all team members
will be assigned to your project for at most 50% of their available time.
This is an example of:
A. Poor planning.
B. Wishful thinking
C. A project demand.
D. A constraint.

True or False: Project Cost Management processes aim to help the project
can be completed within the approved budget.
A. True
B. False

Which one of these is not the approaches to conflict discussed in the Project
Human Resources Management Lesson?
A. Confronting
B. Compromising
C. Smoothing
D. Forcing
E. Avoiding
F. Uninteresting

True or False: The Backward Pass is used through the activities to

determine the critical path & available float of the project.
A. True
B. False

True or False: Performing quality control within the context of a project

involves taking actions to eliminate causes of unsatisfactory project
performance.
A. False
B. True

True or False: Risk management is one-time process. You need to plan for
all possible risks at the project beginning and then follow defined actions to
control those risks until they are closed or cancelled.
A. False
B. True
Một lần là sai on time là cút
Your Schedule Performance Index (SPI) is greater than 1 means you are:
A. on schedule.
B. behind schedule.
C. ahead of schedule.

True or False: If "develop online modules" needs to begin before "review

online modules" can begin, that is called a start to start relationship.
A. True
B. False

Which process group focuses on completing the requirements of the

project?
A. Initiating
B. Planning
C. Executing
D. Monitoring and controlling
E. Closing

True or False: The worst organization to use to run a project will always be
the functional organization.
A. True
B. False

Which of the following best describes the project manager's role as an

integrator?
A. Help team members become familiar with the project
B. Put all the pieces of a project into a cohesive whole
C. Put all the pieces of a project into a program
D. Get all team members together into a cohesive whole

True or False: If you want to identify who your stakeholders are, asking
who will not be impacted by the product or service being created can be
helpful.
A. False
B. True

When you and your team know that a positive risk has a high likelihood of
occurring and it will be very beneficial if it does:
A. You should not document the risk as it will not impact badly to your project.
B. You should develop a contingency plan and ask your management for
contingency reserve.
C. You should transfer the risk to the vendor owned by your friend so he/she
can earn the benefit.
D. You should develop the mitigation plan to reduce the probability of the risk
happen.

When you use the RACI or Responsible, Accountable, Consult, Inform

version of the RAM, those consulted persons are:
A. Providing subject matter expertise
B. Making the final decision
C. Being kept updated about project progress.
D. Completing the work

True or False: The S-Curve depicts the relationship between the cost
baseline budget and the schedule because it shows the planned cost baseline
budget across the planned project timeline.
A. True
B. False

To calculate late finish (LF) of an activity which has only one successor,
you will
A. Take the late start of its immediate successor.
B. Take the early start of its immediate successor.
C. Take the late finish of its immediate successor.
D. Take the early finish of its immediate successor.

Diese estimating techniques serve different purpose, which of the following

statements are correct (choose 2)
A. When activity duration or resource quantities are uncertain, use top-down
estimating techniques.
B. When detail is available and accuracy is needed, use bottom-up estimating
techniques.
C. When activity duration or resource quantities are uncertain, use bottom-up
estimating techniques.
D. When detail is available and accuracy is needed, use top-down estimating
techniques.

Which of the following is true about the development of a project charter?

A. The sponsor creates the project charter, and the project manager approves it
B. The project team creates the project charter, and the PMO (Project
Management Office) approves it
C. The executive manager creates the project charter, and the functional
manager approves it
D. The project manager creates the project charter, and the sponsor approves it

True or False: Effective project communication management creates a

bridge between stakeholders based on a shared understanding of the
project and the ongoing sharing of information needed for its success.
A. True
B. False

Considering a situation in which you need to share an important

announcement with your project team. Select the best communication
option for the scenario:
A. Send them an instant message with the high-level details of the
announcement.
B. Invite them to a quick meeting to share the announcement and then follow-
up.
C. Send a detailed email with tracking tumed on so that you know who opened
the email and who did not.
D. Create a poster which describes the announcement and hang a copy or two in
the areas most frequented by your team members.

Which one of these most correctly defines management reserves?

A. Per our lesson, management reserve and contingency are exactly the same.
B. Management reserve is not tied to specific work packages it is for the entire
project.
C. Management reserve is tied to specific work packages.
D. Management reserve is tied to a specific milestone or event.

The WBs is used to derve all but one of the following:

A. The project schedule baseline
B. The business need for the project
C. The project cost performance baseline
D. The activity list

Operational work is different from project work in that operational work

is:
A. Unique
B. Temporary
C. On going and repetitive
D. A part of every project activity

True or False: Authority means you have the right to apply resources,
make decisions and give approvals.
A. False
B. True

You have finished planning and have begun executing the project when the
client asks if you would add some important features to the product of the
project. How are the triple constraints affected?
A. Time and cost may both be affected
B. Scope and quality would be affected but not cost
C. Cost must remain constant because resources are limited
D. Adding features will require additional cost but not time

Intano Vale nen Tes Bue o sA Come ton Estimate Al Completon (AC) by
applying
A. EAC = BAC + CPI
B. EAC = BAC / CPI
C. EAC = BAC - SPI
D. EAC = BAC + CPI
Downward communication is communication to/from:
A. Your senior management.
B. Your social groups.
C. Your direct reports.
D. Your peers.

Which of the following is NOT the output of Plan Scope Management

process? (Choose 2 answers)
A. Scope Management Plan
B. Requirement Management Plan
C. Cost Management Plan
D. Quality Management Plan

True or False: The critical path is the shortest path through the network
and represents the work that can be delayed without delaying the end of
the project.
A. False
B. True

Lateral communication is NOT communication to/from:

A. Your customers.
B. Your friends.
C. Your subordinates.
D. Your peers.

Your project had a team of which consists of yourself, a tester, five

developers and a communicator. As the project is behind schedule so one
more developer has been assigned to your team. How many communication
channels on your team now?
A. 8
B. 9
C. 28
D. 36

The definition of a stakeholder includes:

A. People and organizations that are not impacted by your project.
B. Organizations impacted by your project but not people, they are all part of
the impacted organizations.
C. The people or organizations that are positively or negatively impacted by
your project.
D. People who are impacted by your project, but not organizations impacted by
your project.

In our lessons the acronym RAM stands for:

A. Responsibility Accountability Matrix
B. Responsibility Assignment Matrix
C. Resource Acquisition Management
D. Resource Aligned Management
E. Responsible Accountable Manageable

When you report project status you compare actual performance to:
A. The performance of your competitors.
B. The performance of previous projects.
C. The performance of other similar projects.
D. The planned performance or baseline.

Which of the following is the most correct statement regarding

management and contingency reserves?
A. Both of them are included into the cost budget of the project.
B. Both of them are not included into the cost budget of the project.
C. Management reserve is included into the cost budget but contingency reserve
is not.
D. Contingency reserve is included into the cost budget but management reserve
is not.

Which one is NOT the approach to shorten your project schedule?

A. Fast Tracking
B. Crashing
C. Reducing

Which one is not the causes of scope creep?

A. Poorly defined objectives
B. Lack of defined change control process
C. Changing stakeholder perspectives
D. Increased understanding of what is takes to get it done
E. Ability to say "NO"

What description defines Bottoms Up Estimating?

A. A technique that analyzes activities on past projects and using them as a
basis for estimating costs.
B. A technique that uses a mathematical model to estimate costs.
C. A technique that involves estimating the cost of individual work packages or
individual schedule activities with the lowest level of detail.

True or False: In the context of a project, change is always a bad thing.

A. True
B. False

The purpose of project risk management is to:

A. Minimize the likelihood or the impact of negative events or threats to your
project and to increase the likelihood or impact of positive events.
B. Neutralize the likelihood or the impact of negative events or threats to your
project and to neutralize the likelihood or impact of positive events.
C. Minimize the likelihood or the impact of positive events or threats to your
project and to increase the likelihood or impact of negative events.
D. Eliminate the likelihood or the impact of negative events or threats to your
project and to decrease the likelihood or impact of positive events.

All the following occur during the planning process group EXCEPT:
A. Develop Project Charter
B. Create WBS
C. Estimate Costs
D. Sequence Activities

True or False: Your role as the project manager during quality control is
to implement the quality management plan using the appropriate tools and
techniques, in order to ensure that work is being performed according to
A. False
B. True
A project is plagued by requested changes to the project charter. Who has the
primary responsibility to decide if these changes are necessary?
A. The project manager
B. The project team
C. The sponsor
D. The stakeholders

You are assigned as the project manager in the middle of the project. The
project is within the baselines, but the customer is not happy with the
performance of the project. What is the first thing you should do?
A. Discuss it with the project team
B. Recalculate baselines
C. Renegotiate the contract
D. Meet with the customer

What are the 5 approaches to conflict discussed in the Project Human Resources
Management Lesson?
A. Confronting, Compromising, Smoothing, Uninterested, Challenging.
B. Communicating, Compromising, Smoothing, Forcing, Avoiding
C. Confronting, Compromising, Smoothing, Forcing, Avoiding.
D. Confronting, Challenging, Smoothing, Forcing, Avoiding

Which project management process group generally takes the most project
time and resources?
A. Initiating
B. Planning
C. Executing
D. Monitoring and controlling
E. Closing

In Earned Value Management Technique, you can compute the Estimate

To Completion (ETC) by applying which of following formula? (Notes:
EAC: Estimate At Completion)
A. ETC = EAC - AC
B. ЕТС = EAC + AC
C. ETC = EAC * AC
D. ETC = EAC / AC
Which element should NOT be included in risk management plan?
A. Budgeting
B. Timing
C. Roles and Responsibilities
D. Risk Register

A market demand, a business need, and a legal requirement are examples

of:
A. Reasons to hire a project manager
B. Reasons projects are initiated
C. Reasons people or businesses become stakeholders
D. Reasons to sponsor a project

Your stakeholder register is your primary output and should at least

contain:
A. Job descriptions, identification information, and stakeholder classification
B. Assessment information, scope information, and stakeholder classification
C. Assessment information, identification information, and stakeholder
classification
D. Assessment information, identification information, and risk classification

If "review online modules" needs to begin before "develop online modules"

can finish, that is called a:
A. Finish to start relationship.
B. Start to finish relationship.
C. Finish to finish relationship.
D. Start to start relationship.

True or False: The danger of estimating using the same parametric model
is the no longer applicable of historical data.
A. True
B. False

A project manager can defend against scope creep with a

good____________
A. Procurement process
B. Change control process
C. Risk management plan
D. Project management plan

An estimate created by looking at a similar project or activity and then

adding or subtracting to or from the estimate based on the differences
between the two is called:
A. Parametric estimating
B. Analogous estimating
C. Bottom-up estimating
D. Exact estimating

You are scheduling an activity which involves a government agency. What

type of dependency are you working on
A. Discretionary
B. Internal
C. Mandatory
D. External

True or False: The Cost Baseline is equal to the total of Activity Cost
Estimates plus Contingency Reserves.
A. True
B. False

True or False: Project scope statement is better to define inclusions (in-

scope items) than identify only exclusions (out of scope items).
A. False
B. True

Which organization structure can provide the most power for the project
manager?
A. Functional
B. Weak Matrix
C. Balanced Matrix
D. Strongest Matrix
E. Projectized
F. Medium Matrix
True or False: Conflict management is the process by which the project
manager uses appropriate managerial
techniques to deal with the inevitable disagreements that develop among
those working toward project
A. False
B. True

(Choose 1 answer)
You have a project to build a new fence. The fence will form a
square. Each side is to take one day to build. and $1,000 has been
budgeted per side. The sides are planned to be completed one
after the other. Today is the end of day 3.
Using the following project status chart to calculate project current
SV:
A. SV = $50
B. SV = $150
C. SV = $300
D. SV = $100
E. SV = $250
F. SV = $200

Which item would most likely NOT be part of a basic communication plan:
A. What they need to know.
B. The amount of their annual bonus.
C. With whom to communicate.
D. The best medium for the communication.

True or False: Each group of persons involved in the project should be

assigned, and always needs to know their role and responsibility.
A. True
B. False

All of the following are inputs to estimating activity durations except:

A. Enterprise Environmental Factors & Organizational Process Assets
B. Risk Register & Scope Statement
C. Project Documents Updates & Requirements Specifications
D. Resource Calendars & Resource Breakdown Structure

True or False: Project Manager should consider using milestones for high level
reporting.
A. True
B. False

Project scope differs from product scope in that:

A. Project scope is the work that needs to be accomplished to deliver a product,
service, or result.
B. Project scope completion is measured against the features, functions, and
product requirements.
C. Product scope completion is measured against the project management plan
including all subsidiary plans.
D. Product scope is the work that needs to be accomplished to complete a
project

Once you and your team identify and assess risks and develop responses you:
A. Pay close attention to the risks identified and do not look for new risks.
B. Only update your risk register when you are preparing to share it with your
stakeholders.
C. Have completed your risk management responsibilities.
D. Continue to identify and monitor risks for the remainder of the project.

Which of the components below do you think NOT belong in the cost
management plan?
A. Units of measure
B. Earned value rules
C. Control thresholds
D. RACI matrix

To calculate late start (LS) of an activity, you will

A. Take its late finish minus its estimated duration.
B. Take its early finish minus its estimated duration.
C. Take its early start plus its estimated duration.
D. Take its early start.
As you plan your project, you do so thinking that all team members will be
assigned to your project for at least 50% of their available time. This is an
example of:
A. Poor planning.
B. Wishful thinking.
C. A project demand
D. An assumption.

True or False: The Project Sponsor is responsible for stakeholder expectations

management.
A. False
B. True

You have finished planning and have begun executing the project when the
client asks if you would shorten the project duration so that the project can
finish 2 weeks earlier than the original plan. How are the triple constraints
affected?
A. Scope and cost may both be affected
B. Neither scope nor cost will be affected in any situation
C. Cost will reduce as the project duration is shortened and scope is not changed
D. There is no relevant option except the project must be cut down on scope

True or False: Project quality focuses on the project management processes

used to meet project objectives.
A. False
B. True

Which of the following action should not include in the Scope Management
Plan?
A. Prepare a project scope statement based upon the project charter.
B. Enable the creation and maintenance of the project work breakdown structure
(WBS).
C. Define how format verification and acceptance of the completed project
deliverables will be accomplished.
D. Control how requests for changes to the project scope will be processed.
E. Define how to identify and manage triple constraints.
To manage a project effectively, work should be broken down into small pieces.
Which of the following does not describe how far to decompose the work?
A. Until it has a meaningful conclusion
B. Until it cannot be logically subdivided further
C. Until it can be done by one person
D. Until it can be realistically estimated

The network diagram can be used to:

A. Help to justify project quality metrics
B. Identify project resource requirements
C. Show project schedule performance over time
D. Control the cost performance of the project
E. Help to identify riskier activities

Being prepared to do a complete job of developing and finalizing the scope

baseline requires that you have done a thorough and timely job of identifying
and analyzing stakeholders, and of collecting requirements. The development of
the scope baseline can best be described as involving:
A. The functional managers
B. The project team
C. All the stakeholders
D. The business analyst

Which of the following is NOT true regarding milestones?

A. Identify major events of the project deliverables
B. They are some points in time which have no duration
C. They are supported by activities on detail schedules
D. They are completely defined in the project charter

Which one of these is not the major source of conflict that a project manager
may influence?
A. Project resources
B. Project team
C. Project priorities
D. Project management
If "develop online modules" needs to finish before "review online modules" can
finish, that is called a:
A. Finish to start relationship.
B. Start to start relationship.
C. Start to finish relationship.
D. Finish to finish relationship.

True or False: Project quality focuses on the goods and services.

A. False
B. True

Which of the following is included in a project charter?

A. The business case for the project
B. A risk management strategy
C. Detailed resources estimates
D. Work package estimates

All of the following tools and techniques can be valuable in risk identification,
EXCEPT:
A. Reviewing and evaluating project documents
B. SWOT (Strengths. Opportunities. Weaknesses.Threats)
C. EVM (Earned Value Management)
D. Reviewing similar projects executed in past

The following table is an activity list that includes the

duration and predecessor for a series of project
activities. What is the duration of the critical path?
A. 11
B. 14
C. 13
D. 9

True or False: In a projectized organization, team members are never assigned

to the project full time.
A. False
B. True
Your project has a team of which consists of yourself, a tester, five developers
and a communicator. How many communication channels on your team?
A. 28
B. 36
C. 9
D. 8

Which of the following is NOT the advantages of top-down estimating?

A. More accurate
B. Activities do not need to be identified
C. Less costly to create
D. Quick

When you use the RACI or Responsible, Accountable, Consult, Inform version
of the RAM, those accountable persons are:
A. Making the final decision
B. Being kept updated about project progress.
C. Completing the work
D. Providing subject matter expertise

A company is making an effort to improve its project performance and create

historical records of past projects. What is the best way to accomplish this?
A. Create lessons learned
B. Create project management plan
C. Create status reports
D. Create progress reports

Identify the five engagement levels of stakeholders:

A. Unaware, resistant, strong-willed, supportive.
sponsor
B. Unaware, resistant, neutral, supportive, oblivious
C. Unaware, resistant, strong-willed, supportive.
leading
D. Unaware, resistant, neutral, supportive, leading

True or False: Using bottom-up estimating techniques when activity durations

or resource quantities are uncertain.
A. True
B. False

True or False: Using bottom-up estimating techniques when the detail is

available and the accuracy is needed.
A. True
B. False

Which one is not mentioned explicitly in the three components of the triple
constraints:
A. Cost
B. Time
C. Scope
D. Quality

The team is helping the project manager to estimate activities on their project.
There are several activities they need to estimate that have not been previously
done by the company. What is the best method of estimating these activities?
A. Top-down estimating
B. Bottom-up estimating
C. Three-point estimating
D. Parametric estimating

Your sponsor informs you that you must receive local government approval of
your proposed building design before you can begin construction of your
building. This dependency is:
A. Internal
B. Mandatory
C. External
D. Discretionary

To calculate early start (ES) of an activity which has more than one immediate
predecessors, you will
A. Take the latest late finish of its immediate predecessors.
B. Take the latest late start of its immediate predecessors.
C. Take the latest early finish of its immediate predecessors.
D. Take the latest early start of its immediate predecessors.
You are beginning to staff your project. Which of the following will NOT be
used in developing and/or communicating roles and responsibilities?
A. Run chart
B. WBS
C. Responsibility Assignment Matrix
D. Organization chart

True or False: Quality management is the job done by project manager

himself/herself to determine quality policies, objectives, and responsibilities so
that the project will satisfy the needs for which it was undertaken.
A. True
B. False

True or False: The Crashing is the approach to re-plan the work and try to
perform more overlapping sequential activities to be in parallel.
A. False
B. True

True or False: You should compare your project performance against the
performance measurement baseline to look for potential changes in the project.
A. False
B. True

True or False: Performance reporting aims to inform stakeholders the good

achievements of the project's objectives weekly or monthly.
A. False
B. True

True or False: A Work Breakdown Structure (WBS) is a deliverable-oriented

hierarchical decomposition of the work to be executed by the project team.
A. False
B. True

(Choose 1 answer)
Which one of these is correct view of conflict?
A. Can (and should) be managed
B. Caused by troublemakers
C. Should be avoided
D. Always bad

You are building an apartment complex with four, 10,000 square foot buildings
based on the same drawings you used in another city two years ago. What is the
danger of estimating using the same parametric model of $50 per square foot?
A. It will take much more time than a bottoms up estimating.
B. It's not very easy to scale.
C. Historical cost relationships may no longer be applicable
D. The technical design is unstable.

(Choose 1 answer)
Which one of these is an example of role conflict:
A. When a team member does not know how to do his or her job.
B. When two team members are trying to complete the same task.
C. When a team member is late completing a task.
D. When a team member does not know why he or she should do something

True or False: The Project Budget is equal to only the Cost Baseline budget.
A. True
B. False

(Choose 1 answer)|
If the response you choose is to accept a risk this means that:
A. You change your plans so that you eliminate the risk.
B. You change your plan so that another party will be responsible for the risk.
C. You create your plan to reduce the probability and/or the impact of the risk.
D. You actively do not consider the risk but establish contingency plan.

To ensure control over the incidence and frequency of change, the project
manager establishes a:
A. Responsibility assignment matrix
B. Work procedure schedule
C. Change control process
D. Work breakdown structure
You have a project to build a new fence. The fence will form a square. Each
side is to take one day to build. and $1.000 has been budgeted per side. The
sides are planned to be completed one after the other. Today is the end of day 3.
Using the following project status chart to calculate
project current CV:
A. CV = $50
B. CV = $200
C. CV = $100
D. CV = $150
E. CV = $300
F. CV = $250

A project manager has little project experience, but she has been assigned as the
project manager of a new project. Because she will be working in a matrix
organization to complete her project, she can expect communications to be
A. Complex
B. Open and accurate
C. Simple
D. Hard to automate

(Choose 1 answer)
The 8-80 rule refers to:
A. Work packages over 80 hours should be split between multiple resources.
B. Never allow your team to work more than 8 hours per day or 80 hours during
a 10-day work period.
C. Work packages should NOT be between 8 and 80 hours of effort.
D. Work packages should be between 8 and 80 hours of effort.

A cost can be either direct or indirect. Which of the following statements are
correct (choose 2 answers)?
A. Direct costs: These costs are overhead items or costs incurred for the benefit
of more than one project. Examples include taxes, fringe benefits, and janitorial
services
B. Direct costs: These costs are directly attributable to the work on the project.
Examples are team wages. team travel and recognition expenses, and costs of
matenal used on the project.
C. Indirect costs: These costs are overhead items or costs incurred for the
benefit of more than one project. Examples include taxes, fringe benefits, and
janitorial services
D. Indirect costs: These costs are directly attributable to the work on the project.
Examples are team wages. team travel and recognition expenses. and costs of
material used on the project.

True or False: The term resources only refers to people, it does not include
money or materials or equipment.
A. False
B. True

The five project management process groups as described in the PMBOK®

Guide and discussed in the preceding lesson are:
A. Define, measure, analyze, improve, control
B. Kickoff, requirements, plan, schedule, control
C. Requirements, design, development, testing, implementation
D. Initiating, planning, executing, monitoring and controlling, closing

During executing, the project manager determines that a change is needed to

material purchased for the project. The project manager calls a meeting of the
team to plan how to make the changes. This is an example of:,,
A. Management by objectives
B. Lack of a change management plan
C. Good team relations
D. Lack of a clear work breakdown structure

A significant event in a project that may indicate completion of a major phase is

a/an:
A. Activity
B. Milestone
C. Work package
D. Deliverable

We discussed three types of matrix organizations, they are:

A. Light, Medium and Heavy
B. Weak, Medium Strength and Strong
C. Weak, Balanced and Strong
D. Light, Mid-strength and Strong

True or False: The primary output from the identification of risks is the risk
register.
A. False
B. True

True or False: Performing quality assurance within the context of a project

involves applying the planned, systematic quality activities to ensure that the
project correctly employs all processes needed to meet project objectives and
product requirements.
A. False
B. True

Which of the items below do you think belong in the cost management plan?,,
A. Resource Allocation Guidelines
B. Performance Appraisal Guidelines
C. Project Budget Reporting Guidelines
D. Procedures for Determining Quality Costs

True or False: The Project Manager is responsible for stakeholder expectations

management.
A. False
B. True

In a project context, risk is defined as:

A. The probability of an event having a positive or negative effect on at least
one project objective.
B. The impact of not completing the project on time and within budget.
C. An uncertain event that, if it occurs, will have a positive or negative effect on
at least one project objective.
D. An uncertain event that, if it occurs, will have a negative effect on at least
one project objective.

The discipline of quality management complements the discipline of project

management. Both recognize all but one of the following:
A. Customer satisfaction
B. Prevention over inspection
C. Continuous improvement
D. Project team responsibility

Some of the major sources of conflict that a project manager may influence are:
A. Project management, project priorities, project team
B. Personality conflict, schedules, resources
C. Project charter, schedules, resources
D. Personality conflict, network diagram, resources

Two team members disagree on how to solve a project issue. They express their
disagreement and then engage in a professional debate. This is an example of:
A. Unrealistic conflict.
B. Unproductive conflict.
C. Healthy conflict.
D. Unhealthy conflict.
NOONERAL O

Which one of these most correctly defines contingency reserve?

A. Per our lesson, management reserve and contingency are exactly the same.
B. Contingency reserve is not tied to any specific work packages nor activities.
C. Contingency reserve is tied to specific work packages or activities.
D. Contingency reserve is tied to only one specific milestone.

In Earned Value Management Technique, you can compute the Cost

Performance Index (CPI) by applying which of following formula?
A. CP| = EV / PV
B. CP| = EV - AC
C. CPI = EV - PV
D. CPI = EV / AC

Which process groups must be included in every project?

A. Planning, executing, and closing
B. Initiating, planning, and executing
C. Initiating, planning, executing, monitoring and controlling, closing
D. Planning, executing, and monitoring and controlling
True or False: The Process Improvement Plan is a component of the project
management plan that details how project management and development
processes are to be analyzed in order to identify how to reduce their value.
A. False
B. True

True or False: It should not to add extra cost to the estimates when you are
concerned that your estimates might not be correct, especially if you think they
are too low.
A. True
B. False

An output of the Close Project or Close Phase process is the creation of:
A. Project archives
B. A project charter
C. A project management plan
D. A risk management plan
E. A communication plan

The three components of the triple constraint are:

A. Scope, Cost, Time
B. Scope, Quality, Cost
C. Scope, Performance, Cost
D. Scope, Performance, Time

Your Schedule Performance Index (SPI) is lesser than 1 means you are:
A. on schedule.
B. behind schedule.
C. ahead of schedule.

True or False: If you are not certain who your stakeholders are, asking who will
use the product or service being created can be helpful.
A. False
B. True

Which of the following is NOT the disadvantages of top-down estimating?

A. Costly to create
B. Less accurate
C. Requires considerable experience to do well
D. Does not take into account the differences between projects

If the response you choose is to transfer a risk this means that:

A. You actively do not consider the risk but establish contingency plan.
B. You change your plans so that you eliminate the risk.
C. You change your plan so that another party will be responsible for the risk.
D. You create your plan to reduce the probability and/or the impact of the risk.

A Communications Management Plan does the following:

A. Coordinates an effort to communicate in meetings effectively
B. Lays out the approach and method for delivering information effectively and
efficiently.
C. Lays out a plan on how to communicate with your Project Sponsor and other
organizations
D. Coordinates the communication between project leaders and uninterested
project members

A useful tool in identifying risks is the SWOT analysis. What does SWOT stand
for?
A. Strengths, opportunities, weaknesses, and threats
B. Strengths, obstacles, weaknesses, and threats
C. Scope, opportunities, weaknesses, and time
D. Strengths, opportunities, winners, and threats

True or False: The Cost Baseline is equal to the total of Activity Cost Estimates.
A. True
B. False

The work breakdown structure can best be thought of as an effective aid

for____communications.
A. Team
B. Project manager
C. Customer
D. Stakeholders
When you use the RACI or Responsible, Accountable, Consult, Inform version
of the RAM, those responsible
A. Providing subject matter expertise
B. Supervising the work
C. Not completing the work
D. Completing the work

One way to classify your stakeholders is to use the Power/Interest Grid. If a

stakeholder is low interest / low power, what should the Project Manager do?
A. Monitor
B. Keep satisfied
C. Manage closely
D. Keep informed

Given 14.000 USD is the most likely of the estimated cost of the activity,
8.000USD is the optimistic value and 26.000USD is the pessimistic one. By
using the PERT (Program Evaluation and Review Technique) analysis to
calculate the expected activity cost, which of the following is the result?
A. 16.000 USD
B. 12.000 USD
C. 15.000 USD
D. 21.000 USD

As discussed in the Project Management course, The PMBOK® Guide

knowledge area that has processes in all 5 process groups is:
A. Project Integration Management
B. Project Cost Management
C. Project Scope Management
D. Project Time Management
E. Project Quality Management

True or False: Product quality focuses on the project management processes

used to meet project objectives.
A. False
B. True
Which of the following is NOT the output of Plan Scope Management process?
(Choose 2 answers)
A. Scope Management Plan
B. Requirement Management Plan
C. Cost Management Plan
D. Quality Management Plan

True or False: Influence means you have the right to apply resources, make
decisions and give approvals.
A. False
B. True

A project manager is trying to complete a software development project, but

cannot get enough attention for the project. Resources are focused on
completing process-related work, and the project manager has little
authority to assign resources. What form of organization must the project
manager be working in?
A. Functional
B. Matrix
C. Projectized
D. Coordinator

Which of the following is a characteristic of project management process?

A. Iterative
B. Unique
C. Unnecessary
D. Standardized

True or false, a project manager spend most of his/her time communicating

A. False
B. True

What is a program?
A. An initiative set up by management
B. A means to gain benefits and control of related projects
C. A group of unrelated projects managed in a coordinated way
D. A government regulation
True or False: Performance reporting aims to inform stakeholders how
resources are being used to achieve the project's objectives.
A. True
B. False

True or False: The sender is responsible to make the information clear,

complete, and appropriate to the needs of the receiver. The receiver is
responsible to provide feedback to acknowledge that the message has
been received and understood.
A. True
B. False

As you plan your project, you do so thinking that all team members will be
assigned to your project for at least 50% of their available time. This is an
example of:
A. Poor planning.
B. Wishful thinking.
C. A project demand.
D. An assumption.

A project manager's primary responsibility is to deliver the product of the

project within project constraints.Actions taken and changes made to the benefit
of one constraint could negatively affect another. Which of the following best
describes the major constraints on a project?
A. Scope, number of resources, and cost
B. Scope, cost, and schedule
C. Scope, schedule, cost, quality, risk, resources, and customer satisfaction
D. Schedule, cost, and number of changes

Which one of below situations is not correct when discussing about

Responsibility Assignment Matrix?
A. Two team members are consulted about the same task.
B. Two team members are informed about the same task.
C. Two team members are responsible for the same task.
D. Two team members are accountable for the same task.
One way to classify your stakeholders is to use the Power/Interest Grid. If a
stakeholder is high interest / high power, what should the Project Manager do?
A. Monitor
B. Keep satisfied
C. Manage closely
D. Keep informed

A past project took 20,000 hours to complete. Your new project is adding some
additional scope and that scope is estimated to take 10,000 additional hours.
There is some work that was completed in the previous project that will not be
completed in this project. That work is estimated at 5,000 hours. Labor rates
have increased 10%, the old rate was $25 per hour. Your estimate for the new
project is $687,500. Which estimating method is used?
A. Parametric estimating
B. Analogous estimating
C. Bottom-up estimating
D. Three-point estimating
C. Bottom-up estimating
A project management plan should be realistic in order to be used to manage the
project. Which of the following is the best method to achieve a realistic project
management plan?
A. The sponsor creates the project management plan based on input from the
project manager
B. The functional manager creates the project management plan based on input
from the project manager
C. The project manager creates the project management plan based on input
from senior management
D. The project manager creates the project management plan based on input
from the team
D. The project manager creates the project management plan based on input
from the team
The Project Scope Statement should include the following:
A. Project exclusions, project constraints, project plan.
B. Project deliverables, project constraints, project team members.
C. Project deliverables, project constraints, project assumptions.
D. Project exclusions, project charter, project assumptions.
C. Project deliverables, project constraints, project assumptions.
True or False: Project Human Resource Management includes the processes that
organize, manage, and lead the project team.
A. False
B. True
B. True
A company is making an effort to improve its project performance and create
historical records of past projects. What is the best way to accomplish this?
A. Create project management plan
B. Create lessons learned
C. Create progress reports
D. Create status reports
B. Create lessons learned
All of the following are parts of the scope baseline EXCEPT the:
A. Scope management plan
B. Project scope statement
C. Work breakdown structure
D. Work breakdown structure dictionary

The Risk Management Plan is a subsidiary to the____document.

A. Project Management Plan
B. Project Scope Statement Plan
C. Project Communications Plan
D. Project Stakeholder Plan
A. Project Management Plan
Scope creep results in all of the followings, except:
A. Completion delays
B. Escalation of costs
C. Increases in project complexity
D. Decreases in project complexity
D. Decreases in project complexity
Lateral communication is communication to/from:
A. Your subordinates:
B. Your functional management.
C. Your line management.
D. Your peers.
D. Your peers.
You and another project manager disagree over whether a team member should
work on your team or on her team. You decide that the team member can work
for the other project manager in the afternoon and the other
project manager says it is OK for the team member to work for you in the
morning. The truth is you both wanted this person fulltime. The conflict
resolution approach you have both used is:
A. Compromising
B. Smoothing
C. Confronting
D. Forcing
A. Compromising
The primary role of the project manager is:
A. Distributing work packages
B. Measuring performance
C. Communication
D. Project initiation
C. Communication
Your Cost Performance Index (CPI) is greater than 1 means you are:
A on budget.
B. under budget.
C. over budget.
B. under budget.
True or False: Your project might pay more in order to reduce the schedule
when using Crashing approach, but that is not often true if using Fast Tracking
approach.
A. True
B. False
A. True
Which one of these is the correct view of conflict?
A. Inevitable
B. Always bad
C. Should be avoided
D. Must be suppressed
A. Inevitable
True or False: A Project is defined as being unique and temporary, with an
undefined start and finish.
A. True
B. False
B. False
Different estimating techniques serve different purpose, which of the following
statements are correct (choose 2 answers)?
A. When activity duration or resource quantities are uncertain, use top-down
estimating techniques.
B. When detail is available and accuracy is needed, use bottom-up estimating
techniques.
C. When activity duration or resource quantities are uncertain, use bottom-up
estimating techniques.
D. When detail is available and accuracy is needed, use top-down estimating
techniques.
A. When activity duration or resource quantities are uncertain, use top-down
estimating techniques.
B. When detail is available and accuracy is needed, use bottom-up estimating
techniques.
The project sponsor has just signed the project charter. What is the next thing to
do?
A. Begin to complete work package
B. Validate scope
C. Start integrated change control
D. Start to create management plans
D. Start to create management plans
You have a project to build a new fence. The
fence will form a square. Each side is to take
one day to build, and $1,000 has been
budgeted per side. The sides are planned to
be completed one after the other. Today is
the end of day 3
Using the following project status chart to
calculate project current BAC
A. BAC = $3,000
B. BAC = $2,500
C. BAC = $4.000
D. BAC = $3.100
E. BAC = $3,250
F. BAC = $2.200
C. BAC = $4.000
True or False: Product quality focuses on the goods and services.
A. False
B. True
B. True
True or False: The Process Improvement Plan is a component of the project
management plan that details how project management and development
processes are to be analyzed in order to identify how to increase their value.
A. False
B. True
B. True
True or False: The Project Budget is equal to the Cost Baseline budget plus
Management Reserve.
A. True
B. False
A. True
True or False: The Forward Pass is used through the activities to determine the
critical path & available float of the project.
A. True
B. False
A. True
True or False: Your role as the project manager during quality assurance is to
work with a quality assurance manager who will create a test plan and test cases
which will be used to test the product you are creating in
order to prevent defects from reaching your customer.
A. False
B. True
B. True
During project executing, a team member comes to the project manager because
he is not sure what work he needs to accomplish on the project. Which of the
following documents contains detailed descriptions of work
packages?
A. WBS dictionary
B. Activity list
C. Project scope statement
D. Scope management plan
A. WBS dictionary
Which one is the correct matching of report types and the descriptions?
Report types:
(1) Status report
2) Progress report
(3) Forecasting report
Descriptions:
a) Predicting future project progress and completion.
(b) Describing what the project team has accomplished or what is completed
versus what is in progress.
(c) Describing where the project now stands.
A. (1)&(a), (2)&(b), (3)&(c)
B. (1)&(a), (2)&(c), (3)&(b)
C. (1)&(b), (2)&(c), (3)&(a)
D. (1)&(b), (2)&(a), (3)&(c)
E. (1)&(c), (2)&(a), (3) & (b)
F. (1)&(c), (2)&(b), (3)&(a)
F. (1)&(c), (2)&(b), (3)&(a)
True or False: When it comes to projects, the emphasis is on strategic quality
management. Quality is not an accident, quality is part of the plan, and quality
is everyone's job.
A. False
B. True
B. True
The purpose of capturing lessons learned is:
A. To document who performed well on the project and who did not so that
poor performers can be punished.
B. To show stakeholders how difficult the project was so that next time their
demands will not be so high.
C. To show that you are following project management best practices and
therefore you are a superior project manager.
D. To capture what went well so that you can recreate the good and to capture
what could have gone....

A company has been awarded a software development project which requires

the development team to work at the client's office. The client has assigned each
developer a cubicle from which to perform their work. During a daily standup
meeting, a developer states that the team members are too isolated and
colocating the team in a war room would increase productivity and quality.
What should the project manager do first?
A. Explain to the team that colocation would impede productivity due to the
inevitable distractions
B. Explain to the team that a war room was not specified in the contract
C. Negotiate with the client to make a war room available to the team
D. Capture a description of the developer's concern in the issue log

A dashboard viewable by all project stakeholders displays various statuses using

the industry standard of red, yellow, and green colors. Throughout project
execution, to meet the needs of the project and some of the project stakeholders,
the project manager has been adding more colors to reflect additional statuses.
This situation has created confusion among some of the stakeholders over the
status naming conventions and meanings. What should the project manager do?
A. Revert the status to an industry standard of red, yellow, green
B. Explain the meaning of the new statuses to the stakeholders
C. Remove statuses from the dashboard to avoid confusion
D. Add a simpler status for the stakeholders who are confused

A good change process will:

A. Require the same level of approval for all changes.
B. Allow the project manager to approve all changes.
C. Have change thresholds that are appropriate for the type of change.
D. Be very complex in order to discourage changes.

A key stakeholder has been resistant to the project's objectives, and the support
of this stakeholder is vital to the success of the project. The project manager has
employed various engagement strategies which have been ineffective and needs
to determine the underlying reason that stakeholder engagement is not having
the planned effect. What should the project manager do next?
A. Develop a stakeholder engagement assessment matrix
B. Conduct data analysis
C. Submit a change request to update the stakeholder engagement plan
D. Perform an alternatives analysis

Your sponsor has committed to building a high-speed rail from one major
inland city, Azules, to the coast. You have two possible routes, either Brazos or
Corazon. Given each route's costs, odds, and rewards of high demand and low
demand in this decision tree, how would you quantify the expected monetary
value of the route to Brazos?
A. 1.6 billion
B. -2 billion
C. 0.8 billion
D. 10.8 billion

Your risk report shows that project risk exposure overall has grown close to a
negative threshold. Before the next regular meeting, you ask risk owners to
present any risks and opportunities that may affect short-term activities. In the
meeting, it becomes clear that risk owners from less engaged departments did
not implement some of the previously approved responses. What should you do
now to reduce risk exposure?
A. Submit a change request to exploit an opportunity that potentially makes up
for the undone risk responses
B. Privately confront the risk owners with the issue and collaborate to remove
any impediments to the risk responses
C. Reassign the risk ownership to team members who are in departments that
are more engaged in the project
D. Escalate the issue by calling a meeting with the risk owners and their
managers to discuss disciplinary measures

Your company was recently awarded a software development project, and you
have just completed the scope management plan. The sponsor reviews the plan
and states that the client specified the use of Scrum, while the plan indicates a
waterfall approach. Which component of the project management plan did you
most likely overlook while developing the scope management plan?
A. Project life cycle description
B. Development approach
C. Requirements management plan
D. The contract with the client
Your company has just been awarded the contract for an important research
project. The CEO of your company has asked you, as the project manager, to
create the project charter and send it to her so that she can review and approve
it. To create the project charter, you need the project's statement of work
(SOW). What should you do?
A. Create the SOW yourself since you are the project manager
B. Look for the SOW in your organizational process assets (OPAs)
C. Ask your customer to provide you with the SOW
D. Ask your CEO to provide you with the SOW

Your boss is giving you a rough outline of the scope, constraints, and risks
involved in a prospective client's project. The project is highly similar to
another project you are currently closing. The sponsor wants to know how long
this project would take your team to complete. You think your team may need
two months, but what should your answer be?
A. "Let me run some numbers in a simulation, and get back to you tomorrow."
B. "Give us two months. We will knock it out just like the project that we are
closing now."
C. "If it truly resembles this project we are closing, it could be six to ten weeks."
D. "Considering the uncertainty in scope, I estimate three months."

You work with your team to sequence activities on the project you are leading.
You are looking for the factors, constraints, and potential dependencies among
project activities that can influence the way activities are sequenced, as well as
help you understand the relationship between activities and the need for leads
and lags. Where could you find this information?
A. Basis of estimates
B. Work breakdown structure
C. Assumption log
D. Project schedule

You have recently been assigned to lead a project that is halfway into execution.
The project has many stakeholders, and you are trying to determine how to
engage them effectively. Which of the following will best help you in this
effort?
A. Project management plan
B. Project charter
C. Work performance reports
D. Procurement documents

You have just taken over a project to overhaul the company's

telecommunications network. During your first week, you determine that the
engineers spend at least 80% of their time responding to unexpected requests for
information from different project stakeholders. Because of these interruptions,
your engineers cannot focus on their assigned project activities, which is
resulting in frequent network outages. What should you do first?
A. Immediately tell the engineers to stop responding to unexpected requests
since it is not their responsibility
B. Push the engineers to respond to all the requests faster so that they can
perform their assigned project activities
C. Ask the engineers to forward all stakeholder inquiries to you so that they can
focus on their originally planned tasks
D. Review the communications management plan to understand how
stakeholder requests should be handled

You have completed a nine-month project, and you are in the closing stage. The
project completed on time and under budget and everyone in your department
has congratulated you on your achievement. The vice president of your
company heard about the success of your project and wants a summary
overview of project performance so that he can talk about your success at the
next board meeting. What should you provide to him?
A. Lessons learned repository
B. Project closure documents
C. Final lessons learned register
D. Final report

You have a stakeholder on your project who has a reputation as being very
difficult. He dislikes change and argues against any suggested updates to the
way in which his department does their work. The project you are leading is
going to significantly impact at least two processes used by his team. Which do
you think is the best response to the situation?
A. Seek him out and begin to open communications with him about what is
changing and why.
B. Start the project when you know he's out of town and send him a meeting
invite to cover your tracks.
C. Ignore him and start the project without him. You will include him when you
absolutely have to.
You are working with your team on estimating how much time each activity
will take. One of the documents you are using contains information on
categories of labor, material, and equipment required to complete your project.
You are also interested to see skill levels of your labor, any certifications
required, and grade levels of your supplies. Which of the following documents
would you primarily refer to for this purpose?
A. Resource breakdown structure
B. Organizational breakdown structure
C. Work breakdown structure
D. Risk breakdown structure

You are the project manager for the construction of a new thin-crust pizza
vending machine. You take all the information gathered in the project
management plan to date and begin to develop a project schedule. When you
reach the activity labeled as 6.5.3, you are unsure if a refrigeration specialist is
needed for the installation of the cooling mechanism for the pizza dough. What
project document would you reference in order to get information on the
resources required for installing the cooling mechanism?
A. Resource calendar
B. Resource management plan
C. Activity attributes
D. Procurement management plan

You are preparing an estimate of the cost for an IT system expansion for a new
branch office location. It is a very similar to the IT system expansion
undertaken for a branch office that opened six months ago. Which technique
might you use if you are pushed for a quick estimate?
A. Bottoms up
B. Parametric
C. Probabilistic
D. Analogous

You are planning a project to construct a luxury condominium complex that will
include jacuzzi tubs among its numerous features. Due to technical constraints,
it has been decided to eliminate the jacuzzi tubs from the final project
requirements. You document the jacuzzi tubs as an explicit scope exclusion in
the project scope statement as well as update the requirements documentation to
reflect this change. What should you do next?
A. Reflect the scope exclusion in the requirements traceability matrix
B. Document the status of the change in the change log
C. Record the elimination of the jacuzzi tubs as an issue in the issue log
D. Capture the exclusion of the jacuzzi tubs in the exclusion register

You are part of the project team designing a new type of subway car. You have
completed the last work package for the braking system; however, you are not
sure what the acceptance criteria are for this particular work package. Where
can you find that information?
A. The project management plan
B. The project scope statement
C. The requirements documentation
D. The WBS dictionary

You are part of a cross-functional organizational development team, piloting an

adaptive approach to project management in an organization that has
traditionally used a predictive approach. You realize that you have to tailor the
template of the schedule management plan. Which of the following components
of the template are you likely to tailor the most?
A. The rules of performance measurement, the summary milestones, and the
key deliverables
B. The organizational procedures links, the units of measure, and the project
organization charts
C. The schedule model development, the release and iteration length, and the
reporting formats
D. The project schedule model maintenance, the level of accuracy, and the level
of precision

You are managing the development of a new smartphone in an extremely

competitive market. You are planning the must-have features of the smartphone
in detail so that work can begin and the product can be released to the market as
early as possible. The future features are unknown at the moment and will
depend on what the competitors release. You will plan these features in greater
detail later on. As you and your team create the work breakdown structure
(WBS), what will you use to indicate the future features?
A. Control accounts
B. Rolling wave planning
C. Work packages
D. Planning packages

You are managing a software upgrade project for your company. Your project
sponsor has a great deal of authority regarding project decisions, but you
recently discovered that he doesn't have much interest in your project. To
complete the project successfully, you need your project sponsor's continuous
support. What stakeholder management strategy should you use with your
project sponsor?
A. Keep the sponsor satisfied
B. Manage the sponsor closely
C. Monitor the sponsor's actions
D. Keep the sponsor informed

A project is underway to construct a 50 story office building. With construction

nearly complete, a government inspector has issued a stop order because one of
the cranes failed inspection. The schedule reserves are inadequate to cover the
resulting delay from the unavailability of the key resource. What should the
project manager do next?
A. Update the resource management plan
B. Submit a change request to update the schedule baseline
C. Submit a change request to update the cost baseline
D. Terminate the project since the project objectives cannot be met