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PECB ISO 21502 Lead Project Manager Sample Questions:

1. Which of the following statements describes a project termination by extinction?

A) The project is closed due to its failure or successful completion
B) The project is closed with the intention to resume at another time in the future
C) The project is closed due to the integration of project outputs to the operations of the parent organization

2. Arka, a manufacturing company, has initiated a project together with two other companies. Jim, who is the CEO of Arka, has suggested that the project board consist of representatives from each company instead of only Arka's personnel in order to increase transparency. However, the representatives of the other companies disagreed, claiming that this would not be compliant with ISO 21502 guidelines. Instead, they are suggesting that they outsource the function of the project board to avoid conflicts of interest. Is this in compliance with ISO 21502?

A) No, ISO 21502 states that the project board can include representatives from each company if they are working in a joint project
B) Yes, ISO 21502 suggests that companies outsource their project board function in order to avoid conflicts of interest when working in a joint project
C) No, according to ISO 21502, the three companies should unanimously choose only one company whose representatives will act as the project board and not include representatives from all companies

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

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

4. Which methodologies below are more flexible in nature and provide an iterative approach for project management?

A) Agile
B) Traditional
C) Change management

5. For what purpose, among others, can the documentation of project objectives, benefits, rationale, and investment be used?

A) To define the project schedule
B) To prioritize project needs and opportunities
C) To select competent team members

Solutions: