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Free PECB ISO-21502-Lead-Project-Manager Practice Exam with Questions & Answers | Set: 2

Questions 11

Who should be consulted as part of project management progress evaluations?

Options:
A.

Project sponsors and project managers and their teams

B.

Project board and project assurance

C.

Work package leaders only

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Questions 12

Scenario:

Headquartered in Geneva, Switzerland, DND is one of the largest worldwide automakers. It first gained global recognition after introducing a sports car, which quickly became highly demanded by sports car lovers around the world. Alec Law, the CEO of DND, and his management team recently decided to embark on a new project, i.e., the production of alternative fuel cars, which would use an alternative fuel source instead of traditional petroleum fuels, as the other cars of the company do, in order to promote sustainable and low-carbon transportation. For the implementation of this project, the company decided to follow the guidelines of ISO 21502 on project management.

During the development of the project governance framework, the company took into account several factors, including, among others, the legal context of stakeholders. In the project governance, the company also included oversights on the management frameworks and the project life cycle. In order to determine the project life cycle, the external environment was considered, including information on studies that related to similar projects. In addition, the company decided to separate this project governance from its overall governance.

Moreover, the company developed a project organization, where the roles, responsibilities, and authorities in the project were defined. In addition, the responsibilities of the project office and project assurance, among others, were defined. The project organization also included a customer representative. Once the project organization was developed and approved by the project board, it was communicated only to the project team.

As the project was entering its design stage, the project board made a change in the structure of the project organization since one of the work package leaders had resigned from the project in order to be involved in another project of the company.

Question:

Based on the scenario, DND decided to separate the project governance from its overall governance. Is this acceptable?

Options:
A.

Yes, the project governance should be separated from DND’s overall governance

B.

Yes, the project governance should be integrated only with the governance framework of portfolios and programs

C.

No, the project governance should be an integrated part of DND’s overall governance

Questions 13

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

Options:
A.

To define the project schedule

B.

To prioritize project needs and opportunities

C.

To select competent team members

Questions 14

How does ISO 21502 define project management?

Options:
A.

Planned and systematic actions necessary to provide confidence to the sponsoring organization and project sponsor that a project is likely to achieve its objectives

B.

Coordinated activities to direct and control the accomplishment of agreed objectives

C.

Principles, policies, and procedures by which a project is authorized and directed to accomplish agreed objectives

Questions 15

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:

According to scenario 4, Tom calculated the duration of each work package by determining the early start and early finish dates. Which of the following did Tom use in this case?

Options:
A.

Forward pass

B.

Backward pass

C.

Calculation float

Questions 16

Which of the following, among others, is a responsibility of the work package leader?

Options:
A.

Validating the deliverables and outcomes provided by the project

B.

Managing and optimizing the use of resources

C.

Setting the cultural and ethical tone for the project

Questions 17

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:

Based on scenario 5, which estimation method for project cost did the network engineer propose?

Options:
A.

Parametric estimating

B.

Single-point estimating

C.

Wideband Delphi estimating

Questions 18

What is the purpose of benefit management?

Options:
A.

To assist the sponsoring organization and the customer in realizing the desired benefits of a project from the project’s outcomes

B.

To enable the project to continue to be relevant, justifiable, and beneficial in the organizational context

C.

To ensure that the project still meets the organization’s needs and stakeholder expectations, and that risks are at an acceptable level

Questions 19

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:

Based on scenario 4, the governance and management approach was defined by Tom alone. Is this acceptable?

Options:
A.

Yes, the governance and management approach should be defined only by Tom, the project manager

B.

No, Tom should have defined the governance and management approach in cooperation with the project team

C.

No, Tom should have defined the governance and management approach in cooperation with Lana, the project sponsor

Questions 20

Whose cultural and ethical norms should the governance of projects take into consideration?

Options:
A.

Communities in which the organization operates

B.

Any other organizations involved

C.

Both A and B

Certification Provider: PECB
Exam Name: PECB ISO 21502 Lead Project Manager Exam
Last Update: Jul 14, 2026
Questions: 80