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PECB ISO-21502-Lead-Project-Manager Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Project Implementation and Execution | - Project work execution
|
| Project Planning | - Scope and deliverables definition
|
| Project Management Principles (ISO 21502 Framework) | - Project life cycle overview
|
| Project Initiation | - Project justification and feasibility
|
| Project Closure | - Lessons learned and evaluation
|
| Monitoring and Control | - Performance tracking
|
PECB ISO 21502 Lead Project Manager Sample Questions:
Which of the following belongs to adaptive changes?
- A. Introducing a practice new to the practitioners
- B. Introducing a practice that is new to the organization, but not the industry
- C. Reintroducing a familiar practice
Correct Answer: C 🗳️
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According to ISO 21502, why should the organizational strategy be used?
- A. To identify, document, and evaluate opportunities, threats, weaknesses, and strengths, which can help inform future action
- B. To maximize the likelihood of success within the project environment and eliminate threats
- C. To enable organizations to create tangible value instead of intangible value
Correct Answer: A 🗳️
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Why is it important to define the project governance and management framework?
- A. To obtain the approval from the project sponsor to execute the project plan
- B. To ensure the commitment of project stakeholders
- C. To provide direction and working methods to the parties involved in the project
Correct Answer: C 🗳️
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Which of the following statements describes a project termination by extinction?
- A. The project is closed due to its failure or successful completion
- B. The project is closed with the intention to resume at another time in the future
- C. The project is closed due to the integration of project outputs to the operations of the parent organization
Correct Answer: A 🗳️
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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. Single-point estimating
- B. Parametric estimating
- C. Wideband Delphi estimating
Correct Answer: C 🗳️
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