PECB ISO 21502 Lead Project Manager : ISO-21502-Lead-Project-Manager Exam Questions

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:
According to scenario 5, Lily defined the project budget by creating a list of project activities, dividing them into smaller items, and assigning a budget for each item. Which method did Lily use to define the project budget?

• A. Budget by activity
• B. Budget by baseline
• C. Budget by line item

Which digital tools can be used to facilitate the collaboration of the project team?

• A. Both A and B
• B. Planning software, digital collaboration, social media
• C. Agenda management, teleconferencing, document-sharing websites

An organization has recently initiated a project within a program. When defining the project organization structure, the head of the organization decided that the project sponsor would report to and seek direction from the program manager, who would act as the sponsoring organization with a higher-level authority. Is this acceptable?

• A. Yes, for projects within a program, the representative of the sponsoring organization can be the program manager
• B. No, since the program manager should report to the project sponsor
• C. No, the project sponsor should always report to the top management, who represents the sponsoring organization that acts as a higher-level authority

What is the purpose of benefit management?

• A. To ensure that the project still meets the organization's needs and stakeholder expectations, and that risks are at an acceptable level
• B. To assist the sponsoring organization and the customer in realizing the desired benefits of a project from the project's outcomes
• C. To enable the project to continue to be relevant, justifiable, and beneficial in the organizational context

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