7. Your company has been chosen to develop a new line of business for a large insurance company. This is a large and important project for the company and you have told senior management that you will be creating a team meeting room for this project. This is one of the strategies for:

a. Collocation

b. Centralized Team

c. Project Control

d. Develop Project Team

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Answer: A

Collocation is when all the team members are brought together, such as in a team meeting room. Collocation is highly recommended as a good project management practice. [PMBOK Page 234]

6. You have recently been assigned to be the Project Manager for a project that is already underway (the previous Project Manager has been moved to a different project). As you begin to learn about the project, you realize that a project charter was never established. What should you do?

a. Complain about the project charter not being completed.

b. Wait and see if a project charter is needed.

c. Establish a project charter at the point when you enter the project.

d. Assume that it is too late and continue without a project charter.

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Answer: A

Even if done late, a project charter can help establish the legitimacy of a project and should be completed as soon as possible. [PMBOK Page 73]

5. The critical path method (CPM) calculates the theoretical early start and finish dates; and late start and finish dates. Critical paths may have:

a. Zero or negative total float

b. Zero or positive total float

c. Positive total float

d. Positive or negative total float

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Answer: A

The critical path method (CPM) calculates the theoretical early start and finish dates and late start and finish dates. Critical paths have either zero or negative total float and schedule activities on this path are called critical activities.  Adjustments to activity durations, logical relationships, leads and lags may be required to produce network paths with zero or positive floats. (PMBOK 154, 155)