PECB ISO-21502-Lead-Project-Manager valid exam dumps : PECB ISO 21502 Lead Project Manager Exam

What is a work package?

• A. The smallest unit of a work breakdown structure for which the cost and duration are estimated and managed
• B. A method that uses a set of measures associated with scope, schedule, and cost to determine the cost and schedule performance of a project
• C. The sequence of stages determining the minimum time needed for completing the project

Scenario:
Oakniture is a furniture manufacturer located in Bristol, England. It is known for its kitchen tables made out of different types of wood, such as chestnut, walnut, and oak. In early 2022, Lana, one of the senior researchers of the company, conducted a feasibility study to determine if there is a market for oak wood coffee tables, which indicated that the demand for oak wood coffee tables is relatively high. As such, Lana prepared a project brief and presented it to the top management of the company. The project brief included information on the project context and project objectives. After several discussions, the top management agreed that the project should be undertaken, but lastly, they asked Lana about the project duration. Lana claimed that the project duration cannot be determined and such information was not provided in the project brief; however, she added that the project duration will mainly depend on the competencies of the project team and on Oakniture's suppliers of wood.
Following that, the top management initiated the project and assigned Tom, the operations director, as the project manager, and Lana as the project sponsor. To manage the project, they decided to use the guidelines of ISO 21502.
Initially, Tom defined the governance and management framework alone, and then he mobilized the team and assigned the roles and responsibilities to each team member. In addition, Tom and the project team identified the stakeholders and developed the project plan. To ensure effective management of each project phase, Tom used a work breakdown structure (WBS) to organize project activities. Tom presented the project activities in the WBS by linking task dependencies and showing project milestones. In addition, Tom calculated the duration of each work package by determining the early start and early finish dates. Regarding the relationship between work packages, Tom required the project team to perform tasks in the predetermined order, regardless of any resource shortages they might experience.
A week after the project implementation began, Tom collected and analyzed data regarding the progress of the project. To keep everyone up to date, he held a meeting with Lana and project stakeholders.
Question:
Lana did not provide any information regarding the project duration in the project brief. Is this acceptable?

• A. Yes, because Lana provided some information regarding the project duration during the discussions
• B. Yes, the project brief should only include information about the project context and objectives
• C. No, the project brief should include information about the project duration

What is one of the differences between quality assurance and project assurance?

• A. Quality assurance is process-based, whereas project assurance is product-based
• B. Quality assurance is the responsibility of the quality manager, whereas project assurance is the responsibility of the project sponsor
• C. Quality assurance is independent from the project, whereas project assurance is dependent on the project manager

According to ISO 21502, what should the process of controlling risks involve?

• A. Developing options and actions to enhance opportunities and reduce threats to the project
• B. Determining common causes which can help develop priorities for treating risks
• C. Ensuring that responses to negative risks minimize disruption to the project while responses to positive risks maximize beneficial impact

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

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