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PECB ISO-21502-Lead-Project-Manager Exam Syllabus Topics:

PECB ISO 21502 Lead Project Manager Sample Questions:

1. 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:
Scenario 3 indicates that Michaele authorized the project initiation. Is this acceptable?

A) Yes, the project initiation should be approved by the sponsoring organization
B) No, the project initiation should be approved by the project manager in consultation with work package leaders
C) No, the project initiation should be approved by the project manager

2. Who is responsible for the acceptance of quality standards and product quality requirements?

A) Project manager
B) Work package leader
C) Performing organization or customer

3. Among others, what should be considered when defining a procurement strategy?

A) The supplier's performance
B) The procurement process used in previous contracts
C) The delivery practices

4. According to PMBOK, what is the definition of Earned Value Analysis (EVA)?

A) A method that utilizes a set of measures associated with scope, schedule, and cost to determine the cost and schedule performance of a project
B) An earned value management measure that indicates how efficiently the work is being performed with regard to the budgeted cost of the work
C) The amount of budget deficit or surplus at a given point in time, expressed as the difference between the earned value and the actual cost

5. What should the project manager do, among others, to avoid exceeding the project budget?

A) Eliminate exploitation costs
B) Retain records of project costs and monitor expenses
C) Avoid at all costs making changes in the project plan which would require additional costs

Solutions: