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PECB ISO-21502-Lead-Project-Manager Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Project Execution | - Deliverable production and integration management - Team leadership and resource coordination |
| Topic 2: Project Initiation | - Business case development and justification - Project charter and stakeholder identification |
| Topic 3: Monitoring and Controlling | - Risk and quality control - Change control and issue management - Performance tracking and reporting |
| Topic 4: Project Planning | - Risk management planning and quality planning - Scope, schedule, cost, and resource planning - Communication and procurement planning |
| Topic 5: Project Management Principles (ISO 21502 Framework) | - Project management concepts and governance alignment - Roles, responsibilities, and organizational context |
| Topic 6: Project Closure | - Lessons learned and project evaluation - Final deliverables acceptance - Administrative closure and handover |
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:
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
2. 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
3. Which digital tools can be used to facilitate the collaboration of the project team?
A) Agenda management, teleconferencing, document-sharing websites
B) Both A and B
C) Planning software, digital collaboration, social media
4. Who should be consulted as part of project management progress evaluations?
A) Project sponsors and project managers and their teams
B) Project board and project assurance
C) Work package leaders only
5. Why is it important to define the project governance and management framework?
A) To obtain the approval from the project sponsor to execute the project plan
B) To provide direction and working methods to the parties involved in the project
C) To ensure the commitment of project stakeholders
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: B | Question # 4 Answer: A | Question # 5 Answer: B |
