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PECB ISO 21502 Lead Project Manager Sample Questions:

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

A) Setting the cultural and ethical tone for the project
B) Managing and optimizing the use of resources
C) Validating the deliverables and outcomes provided by the project

2. What is a work package?

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

3. 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?

A) Cost variance (CV)
B) Cost performance index (CPI)
C) Actual cost (AC)

4. What does ISO 21502 provide?

A) Guidance on the principles of project and program portfolio management
B) Guidance on the management of projects, programs, and portfolios
C) High-level descriptions of effective practices for project management

5. What is the purpose of the planning quality phase?

A) To define the applicable standards and quality requirements regarding a project and its outcomes
B) To determine if the requirements are being met and take actions to improve unsatisfactory performance
C) To ensure compliance with the determined quality requirements and applicable standards

Solutions: