PECB ISO 21502 Lead Project Manager : ISO-21502-Lead-Project-Manager

  • Exam Code: ISO-21502-Lead-Project-Manager
  • Exam Name: PECB ISO 21502 Lead Project Manager Exam
  • Q & A: 83 Questions and Answers

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About PECB ISO 21502 Lead Project Manager : ISO-21502-Lead-Project-Manager Exam

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PECB ISO-21502-Lead-Project-Manager Exam Overview:

Certification Vendor:PECB
Exam Name:PECB ISO 21502 Lead Project Manager Exam
Exam Number:ISO-21502-Lead-Project-Manager
Exam Format:Multiple Choice
Related Certifications:PECB Project Management Certifications
PECB ISO 21502 Foundation
Available Languages:English
Sample Questions:Free Download ISO-21502-Lead-Project-Manager Exam PDF Torrent
Exam Way:Online or in-person proctored exam
Pre Condition:Recommended prior knowledge in project management concepts or completion of a foundational ISO 21502 or project management training course

PECB ISO-21502-Lead-Project-Manager Exam Syllabus Topics:

SectionObjectives
Topic 1: Monitoring and Control- Risk and change control
  • 1. Issue and risk monitoring
    • 2. Change request management
      - Performance tracking
      • 1. Progress reporting
        • 2. Schedule and cost control
          Topic 2: Project Initiation- Project justification and feasibility
          • 1. Stakeholder identification
            • 2. Business case development
              - Project charter and authorization
              • 1. Defining objectives and scope
                Topic 3: Project Management Principles (ISO 21502 Framework)- Project life cycle overview
                • 1. Phases of project lifecycle
                  • 2. Tailoring project approaches
                    - Project governance and organizational context
                    • 1. Governance structures and decision-making
                      • 2. Roles and responsibilities in projects
                        Topic 4: Project Planning- Scope and deliverables definition
                        • 1. Work breakdown structure (WBS)
                          - Risk and quality planning
                          • 1. Risk identification and assessment
                            • 2. Quality management planning
                              - Schedule, cost, and resource planning
                              • 1. Resource allocation
                                • 2. Budgeting and cost estimation
                                  • 3. Time scheduling techniques
                                    Topic 5: Project Closure- Lessons learned and evaluation
                                    • 1. Post-project review
                                      - Formal project closing
                                      • 1. Deliverable acceptance
                                        • 2. Administrative closure
                                          Topic 6: Project Implementation and Execution- Project work execution
                                          • 1. Deliverable production
                                            • 2. Team management and leadership
                                              - Stakeholder engagement
                                              • 1. Expectation management
                                                • 2. Communication management

                                                  PECB ISO-21502-Lead-Project-Manager Certification Exam FAQ

                                                  The ISO-21502-Lead-Project-Manager exam, PECB ISO 21502 Lead Project Manager Exam, assesses whether a candidate can apply PECB knowledge to the skills measured by this credential. It is associated with the ISO 21502 Lead Project Manager certification. The certification is positioned at the Professional level. Related credentials include PECB ISO 21502 Foundation, PECB Project Management Certifications.

                                                  The stated prerequisite information for PECB ISO 21502 Lead Project Manager is: Recommended prior knowledge in project management concepts or completion of a foundational ISO 21502 or project management training course Before registering, review the eligibility details on the official exam page to confirm the requirements.

                                                  Yes. TorrentVCE provides a free PDF demo so you can review the format and quality of the PECB ISO 21502 Lead Project Manager practice questions before placing an order. Your purchase includes 365 days of free updates, and you can extend the update service after expiration at a 50% discount.

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                                                  The published PECB ISO 21502 Lead Project Manager outline contains 6 major domains. The opening domains include:

                                                  • Monitoring and Control (official weight not provided)
                                                  • Project Management Principles (ISO 21502 Framework) (official weight not provided)
                                                  • Project Closure (official weight not provided)

                                                  Review the complete Exam Topics section above for every domain and subtopic before planning your study time.

                                                  PECB ISO 21502 Lead Project Manager Sample Questions:

                                                  Question #1

                                                  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:
                                                  During the development of the project governance framework, DND considered the legal context of stakeholders. Is this acceptable?

                                                  • A. No, because the legal context of stakeholders is considered only if the project is part of a larger portfolio
                                                  • B. Yes, the legal context of stakeholders can be considered when developing the project governance framework
                                                  • C. No, DND should consider only its legal context when developing the project governance framework
                                                  Reveal Solution  Discussion  0

                                                  Correct Answer: B  🗳️

                                                  Explanation: Only visible for TorrentVCE members. You can sign-up / login (it's free).

                                                  Question #2

                                                  Scenario:
                                                  Leute is a low-cost airline, headquartered in Wien, Austria. The company aims to offer passengers optimal options regarding its services and gain the lead role among other competitors in the airline industry. Recently, Leute experienced a major drop in revenue due to negative reviews from customers in various online platforms. To increase its profit and enhance customer satisfaction, the company decided to expand its in- flight services by offering entertainment, such as movies, audio books, and games, food for purchase in economy and full meals in premium cabins, and comforts, such as blankets and pillows. For the implementation of this project and future projects of the airline, the CEO of Leute, Michaele Wagner, decided to follow the guidelines of ISO 21502 on project management.
                                                  Initially, Allison, the project manager, created a short document in which she justified and summarized all project aspects, including: the nature and purpose of the project, the objectives of the project, key milestones of the project and the time needed to complete the project, and the audience that the project targets.
                                                  Afterward, Allison held a meeting with Michaele during which she presented this document and briefly explained each of its points. After a considerable amount of analysis and discussions, the project initiation was approved by Michaele. In addition, a team of eighteen members was authorized to start with the project activities.
                                                  While undertaking the project activities, Allison ensured that each work package takes longer than 8 hours, but less than 80 hours, so that they would be completed in 1 to 10 working days. In addition, during this phase, several changes were made in the predefined aspects of the project, which were approved by Nick Todd, the project sponsor. For instance, initially, the project delivery was set to be completed after six months. However, considering how the project was implemented and the time required for the completion of each phase, the deadline for the project completion was postponed for another two months. These changes were also reflected in the business case, which was updated accordingly.
                                                  A month after the project execution began, Allison conducted an earned value analysis to measure the progress of the project up to that stage. She measured how efficiently the work was being performed with regard to its budgeted cost, after which she concluded that it was going according to the plan. Moreover, she organized a meeting with relevant project stakeholders in order to communicate the progress report to them.
                                                  Question:
                                                  Based on scenario 3, Allison conducted the earned value analysis to measure the efficiency of work being performed with regard to its budgeted cost. Which of the following metrics did Allison use in this case?

                                                  • A. Cost performance index (CPI)
                                                  • B. Cost variance (CV)
                                                  • C. Actual cost (AC)
                                                  Reveal Solution  Discussion  0

                                                  Correct Answer: A  🗳️

                                                  Explanation: Only visible for TorrentVCE members. You can sign-up / login (it's free).

                                                  Question #3

                                                  Which digital tools can be used to facilitate the collaboration of the project team?

                                                  • A. Planning software, digital collaboration, social media
                                                  • B. Both A and B
                                                  • C. Agenda management, teleconferencing, document-sharing websites
                                                  Reveal Solution  Discussion  0

                                                  Correct Answer: B  🗳️

                                                  Explanation: Only visible for TorrentVCE members. You can sign-up / login (it's free).

                                                  Question #4

                                                  Scenario:
                                                  Leute is a low-cost airline, headquartered in Wien, Austria. The company aims to offer passengers optimal options regarding its services and gain the lead role among other competitors in the airline industry. Recently, Leute experienced a major drop in revenue due to negative reviews from customers in various online platforms. To increase its profit and enhance customer satisfaction, the company decided to expand its in- flight services by offering entertainment, such as movies, audio books, and games, food for purchase in economy and full meals in premium cabins, and comforts, such as blankets and pillows. For the implementation of this project and future projects of the airline, the CEO of Leute, Michaele Wagner, decided to follow the guidelines of ISO 21502 on project management.
                                                  Initially, Allison, the project manager, created a short document in which she justified and summarized all project aspects, including: the nature and purpose of the project, the objectives of the project, key milestones of the project and the time needed to complete the project, and the audience that the project targets.
                                                  Afterward, Allison held a meeting with Michaele during which she presented this document and briefly explained each of its points. After a considerable amount of analysis and discussions, the project initiation was approved by Michaele. In addition, a team of eighteen members was authorized to start with the project activities.
                                                  While undertaking the project activities, Allison ensured that each work package takes longer than 8 hours, but less than 80 hours, so that they would be completed in 1 to 10 working days. In addition, during this phase, several changes were made in the predefined aspects of the project, which were approved by Nick Todd, the project sponsor. For instance, initially, the project delivery was set to be completed after six months. However, considering how the project was implemented and the time required for the completion of each phase, the deadline for the project completion was postponed for another two months. These changes were also reflected in the business case, which was updated accordingly.
                                                  A month after the project execution began, Allison conducted an earned value analysis to measure the progress of the project up to that stage. She measured how efficiently the work was being performed with regard to its budgeted cost, after which she concluded that it was going according to the plan. Moreover, she organized a meeting with relevant project stakeholders in order to communicate the progress report to them.
                                                  Question:
                                                  Scenario 3 indicates that Michaele authorized the project initiation. Is this acceptable?

                                                  • A. Yes, the project initiation should be approved by the sponsoring organization
                                                  • B. No, the project initiation should be approved by the project manager
                                                  • C. No, the project initiation should be approved by the project manager in consultation with work package leaders
                                                  Reveal Solution  Discussion  0

                                                  Correct Answer: A  🗳️

                                                  Explanation: Only visible for TorrentVCE members. You can sign-up / login (it's free).

                                                  Question #5

                                                  Which of the following statements is the definition of project interface?

                                                  • A. The control mechanisms applied to measure the overall project performance
                                                  • B. The transition period between project phases
                                                  • C. The area or zone where different stakeholders meet and interact
                                                  Reveal Solution  Discussion  0

                                                  Correct Answer: C  🗳️

                                                  Explanation: Only visible for TorrentVCE members. You can sign-up / login (it's free).

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