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  • Exam Code: ISO-21502-Lead-Project-Manager
  • Exam Name: PECB ISO 21502 Lead Project Manager Exam
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PECB ISO-21502-Lead-Project-Manager Exam Syllabus Topics:

SectionObjectives
Topic 1: Project Management Principles (ISO 21502 Framework)- Project management concepts and governance alignment
- Roles, responsibilities, and organizational context
Topic 2: Project Initiation- Project charter and stakeholder identification
- Business case development and justification
Topic 3: Project Closure- Final deliverables acceptance
- Lessons learned and project evaluation
- Administrative closure and handover
Topic 4: Project Planning- Communication and procurement planning
- Risk management planning and quality planning
- Scope, schedule, cost, and resource planning
Topic 5: Project Execution- Team leadership and resource coordination
- Deliverable production and integration management
Topic 6: Monitoring and Controlling- Risk and quality control
- Performance tracking and reporting
- Change control and issue management

PECB ISO 21502 Lead Project Manager Sample Questions:

Question #1

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

  • A. Managing and optimizing the use of resources
  • B. Setting the cultural and ethical tone for the project
  • C. Validating the deliverables and outcomes provided by the project
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #2

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

  • A. By collecting performance measurements for each benefit
  • B. By reporting and communicating the status of expected benefits
  • C. By taking corrective, and when required, preventive actions in case of deviations from the planned benefits
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #3

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
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #4

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. No, the nature of current and future projects should also be assessed before formalizing project management
  • B. No, only the nature of current projects should be assessed before formalizing project management
  • C. Yes, only the nature of previously successful projects should be assessed before formalizing project management
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #5

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

Correct Answer: C  🗳️

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