PMI-ACP-VDD

1.

5 points

You have been asked to outline the basics of agile contracting for your steering committee. Which of the following statements best matches the recommended approach taken to contracting on agile projects?

The contract is worded to allow for reprioritization of scope, and acceptance is based on items matching the original specification.

The contract is worded to allow for reprioritization of scope, and acceptance is based on items being fit for business purpose.

The contract is worded to allow for early completion of scope, and acceptance is based on items matching the original specification.

The contract is worded to allow for early completion of scope, and acceptance is based on items being fit for business purpose.

2.

5 points

In agile methods the terms MoSCoW and "Priority 1, Priority2, Priority 3" are forms of:

Estimation

Prioritization

Risk identification

Reporting

3.

6 points

Project X has a IRR of 12%, and project Y has an IRR of 10%. Which project represents the better rate of return?

Project X or Y, depending on NPV

Project X

It depends on the payback period

Project Y

4.

6 points

Which of the following is true about agile contracts?

They can accomodate changes.

They only work for time and materials agreements.

They cannot easily accomodate changes.

They only work when the specs are fully defined.

5.

6 points

A sponser is trying to determine which project has the greatest business value - one that returns $4 million in three years or one the returns $5 million in 4 years. The interest rate is 5 percent for borrowing capital to develop the projects. The best approach to determine the highest value project is:

Select the" $4 million in 3 years" project, since it has the shorter payback period.

Calculate the NPV of the projects, and choose the project with the highest value.

Calculate the NPV of the projects , and choose the project with the lowest cost.

Select the "$5 million in 4 years" project, since the returns the highest amount.

6.

6 points

To cut cost company X has decided to cancel one of its money-losing projects. Project A has a IRR of -4%, project B has a IRR -5%, project C has a IRR of -6%. Which project should be cut?

Cancel project A, B, and C, as they are all losing money

To reduce losses, choose project C

Less-negative results are better so cut project B

The more negative the results are, the better, so cut project A

7.

6 points

Which of the following combinations is a valid mix for story prioritization?

Customer importance and business urgency

Customer value and risk reduction

Team preference and customer value

Risk reduction and technical dependency

8.

5 points

Customers or business representitives are involved in the prioritization of work for which primary benefit?

To proactively engage the business between acceptance testing cycles

To aid communications about when features will be delivered

To answer business questions about the requirements

To better reflect the business needs and wants for the project

9.

5 points

You have been asked to explain what the process team has been doing during iteration 0, an early portion of the project. which of the following graphs would be a good choice?

Budget burn up chart

Work breakdown structure

Risk burn down graph

Project organization chart

10.

6 points

We put risks in the backlog to:

Ensure they get worked on in the early iterations

Avoid having to keep seperate risk lists

Keep the team focused on risks

Prevent the team from forgetting about the risks

11.

6 points

What is the product roadmap?

A list of reports and screens

A backlog priortization scheme

Instructions for deployment

A view of release candidates

12.

5 points

Your new team waits 10 minutes for people to turn up for the daily stand-up meeting, which then lasts 15 minutes. The stand-up meeting is then followed by another 5 minutes of thre team discussing the hockey game last night, and yet another 5 minutes brainstorming issues to solve. Calulate the total cycle time of this process (assuming the hockey discussion is not categorized as a value-adding activity).

20 minutes

15 minutes

35 minutes

30 minutes

13.

5 points

Which of the definitions shown below best describes the agile concept of incremental delivery?

The product is built and evaluated in chunks that are selected and developed by the development team.

The product is built and evaluated in agreed-upon increments that, by the end of the project, comprise the complete product, factoring in the support demand that will be required after delivery

The product is built and evaluated in chunks that, by the end of the project, comprise the complete product, including agreed upon change requests that arose during the process.

The product is built and evaluated in chunks that, by the end of the project, comprise the complete product, excluding agreed-upon change requests that arose during the process.

14.

6 points

Which of the following is NOT a recognized prioritization scheme?

Prioritization based on business value and risk

Prioritization based on business value

Prioritization based on reducing risk

Prioritization based on iteration velocity

15.

5 points

Your team on average has to wait 3 business days (24 business hours) to get approval to make changes to their user acceptance environment. making the changes usually takes about an hour. Which of the answers below represents the correct process efficiency time rounded to one decimal place?

4.2%

4.3%

4.0%

4.1%

16.

6 points

Which of the following is NOT an advantage of limiting work in progress (WIP)?

It brings bottlenecks in the production process to the surface so they can be identified and resolved.

It maximizes resource utilization to make processes work more efficiently.

It reduces the potential need to rework a large collection of flawed, partially completed items.

It helps optimize throughput to make processes work more effectively.

17.

6 points

Which of the following statements best describes the role of the project charter?

Defines what, why, when, who, and how details of the project and provides authority to proceed

Describes the issues and risks the project may encounter and the mitigation strategies for avoidance

Forms the basis of the prioritized backlog and identifies the work to be completed by the project

Outlines the roles and responsibilities for the project stakeholders and identifies any third party companies

18.

5 points

Your sponser has asked for clarification on when releases of your product will ship and what those releases will contain. which agile deliverable would best answer there need.

product owner

Product roadmap

Product demo

Product backlog