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

PECB ISO 21502 Lead Project Manager Sample Questions:

1. 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:
Scenario 5 states that Lily required them to express the costs in labor hours and currency valuations. Is this acceptable?

A) No, cost estimates should only be expressed in currency valuations
B) Yes, cost estimates can be expressed in labor hours, number of equipment hours, or currency valuations
C) No, cost estimates should only be expressed in labor hours

2. The project manager developed the WBS by noting different deliverables and tasks in columns and rows.
Which type of WBS format did the project manager use?

A) Flowchart
B) List
C) Spreadsheets

3. Scenario:
Headquartered in Geneva, Switzerland, DND is one of the largest worldwide automakers. It first gained global recognition after introducing a sports car, which quickly became highly demanded by sports car lovers around the world. Alec Law, the CEO of DND, and his management team recently decided to embark on a new project, i.e., the production of alternative fuel cars, which would use an alternative fuel source instead of traditional petroleum fuels, as the other cars of the company do, in order to promote sustainable and low- carbon transportation. For the implementation of this project, the company decided to follow the guidelines of ISO 21502 on project management.
During the development of the project governance framework, the company took into account several factors, including, among others, the legal context of stakeholders. In the project governance, the company also included oversights on the management frameworks and the project life cycle. In order to determine the project life cycle, the external environment was considered, including information on studies that related to similar projects. In addition, the company decided to separate this project governance from its overall governance.
Moreover, the company developed a project organization, where the roles, responsibilities, and authorities in the project were defined. In addition, the responsibilities of the project office and project assurance, among others, were defined. The project organization also included a customer representative. Once the project organization was developed and approved by the project board, it was communicated only to the project team.
As the project was entering its design stage, the project board made a change in the structure of the project organization since one of the work package leaders had resigned from the project in order to be involved in another project of the company.
Question:
According to scenario 1, the project organization was communicated only to the project team. Is this compliant with ISO 21502?

A) No, according to ISO 21502, the project organization should be communicated only to the project office and project assurance
B) No, according to ISO 21502, the project organization should be communicated to everyone involved in the project
C) Yes, according to ISO 21502, the project organization should be communicated only to the project team

4. Which of the following statements regarding lessons learned is correct?

A) They should be captured, compiled, formalized, and stored
B) They provide answers only about what really happened and not what was planned to happen
C) They should be disseminated and used only after all project activities are completed

5. Which of the following statements regarding the difference between traditional and agile methodologies is correct?

A) The stakeholders' impact on project management is minimal in traditional methodologies, whereas, in agile methodologies, it is greater
B) The project structure is not firmly defined in traditional methodologies, but it is in agile methodologies
C) Projects can stop or take a reverse direction in traditional methodologies, but not in agile methodologies

Solutions: