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PECB ISO 21502 Lead Project Manager Sample Questions:

1. 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, 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
B) No, ISO 21502 states that the project board can include representatives from each company if they are working in a joint project
C) Yes, ISO 21502 suggests that companies outsource their project board function in order to avoid conflicts of interest when working in a joint project

2. Scenario:
Exhibix is a video game developer headquartered in Zagreb, Croatia, which is known for producing therapeutic video games for children dealing with ADHD. In order to improve users' experience, Exhibix suggested undertaking a project that would enable users to interact with the virtual content in the form of holograms through augmented reality glasses in the video games. For this project, the management decided to follow the guidelines of ISO 21502 on project management.
Prior to formalizing project management, the management of Exhibix assessed, among others, the potential impacts that the project management approach may have on both internal and external stakeholders. In addition, they determined if there were sufficient resources, both human and financial, for the formalized project management. Furthermore, during this period, the management decided to assess only the nature of previous projects, due to their successful delivery.
After formalizing project management, the project board organized a meeting during which they delegated their responsibilities to the project sponsor. Following this meeting, the project sponsor and project manager proceeded to define the project phases and their time frames. Considering the complexity of the project, the project manager suggested leaving open the possibility of overlapping certain phases of the project.
The preparations began in June, and the project manager and the team, consisting of 20 highly skilled professionals, had approximately six months to implement the project. During the implementation of the project, the project team noticed that the low maturity level of the company's project management and the limited availability of resources were likely to have a negative impact on the performance of the project. With the deadline approaching, the team was also under a lot of pressure to close the project on time.
They were confronted with numerous challenges with the AR software, which led to the extension of the deadline for the project completion. During this period, the project office assisted the project manager and the team by providing administrative support and managing information regarding the project. Following these events, the project manager and the team were able to complete the project within the new set deadline. After the project sponsor confirmed the project closure, the AR glasses were released for use.
Question:
Prior to formalizing project management, Exhibix decided to assess only the nature of previous projects. Is this acceptable?

A) Yes, only the nature of previously successful projects should be assessed before formalizing project management
B) No, the nature of current and future projects should also be assessed before formalizing project management
C) No, only the nature of current projects should be assessed before formalizing project management

3. Which of the following is an example of an internal project interface?

A) Review points
B) Community groups
C) Regulatory agencies

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. According to ISO 21502, how should the project benefits be maintained?

A) By reporting and communicating the status of expected benefits
B) By collecting performance measurements for each benefit
C) By taking corrective, and when required, preventive actions in case of deviations from the planned benefits

Solutions: