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PECB ISO 21502 Lead Project Manager Sample Questions:

1. According to ISO 21502, how should the project benefits be maintained?

A) By reporting and communicating the status of expected benefits
B) By collecting performance measurements for each benefit
C) By taking corrective, and when required, preventive actions in case of deviations from the planned benefits

2. What are proposal requests?

A) Requests when the solution is determined and when the price is the sole criterion for choosing the supplier
B) Requests from the contractor to the supplier to provide solutions for an intricate scope
C) Requests used to obtain supplier proposals when the buyer needs a proposed solution, approach, or offer for the required work

3. 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?

A) Parametric estimating
B) Single-point estimating
C) Wideband Delphi estimating

4. What is the purpose of benefit management?

A) To enable the project to continue to be relevant, justifiable, and beneficial in the organizational context
B) To assist the sponsoring organization and the customer in realizing the desired benefits of a project from the project's outcomes
C) To ensure that the project still meets the organization's needs and stakeholder expectations, and that risks are at an acceptable level

5. What is the purpose of controlling a project?

A) To authorize the initiation of each stage of the project
B) To ensure that the scope of the project does not change under any circumstances
C) To monitor and measure performance against the project plan

Solutions: