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ITIL ISEB-PM1 Exam (page: 7)
ITIL ISEB-PM1 Foundation Certificate in Project Management
Updated on: 15-Feb-2026

Viewing Page 7 of 126
ISEB-PM1 PDF 625 Questions

An activity-on-node (AON) network diagram shows the following activities on two critical paths; Start, D, E, J, L, End and Start, D, E, G, I, L, End. Each activity is at least three days in duration, except for activity L, which is one day in duration.
If you are directed to reduce the project by one day, which activities are MOST likely to change?

  1. Activity L
  2. Activity E or activity J
  3. Activity G or activity I
  4. Activity D or activity E

Answer(s): D



A project manager has increased project costs by US $100,000, but completed the project four weeks earlier than planned.
What activity is BEST described here?

  1. Resource leveling
  2. Schedule compression
  3. Critical chain
  4. Adjusting leads and lags

Answer(s): B



The project manager has performed schedule network analysis, compressed the schedule, and completed a Monte Carlo analysis.
What time management activity should be done NEXT?

  1. Update resource requirements
  2. Recommend corrective actions
  3. Estimate Activity Durations
  4. Create a milestone list

Answer(s): A



If project time and cost are not as important as the number of resources used each month, which of the following is the BEST thing to do?

  1. Perform a Monte Carlo analysis.
  2. Fast track the project.
  3. Perform resource leveling.
  4. Analyze the life cycle costs.

Answer(s): C



A team member from research and development tells you that her work is too creative to provide you with a fixed single estimate for the activity. You both decide to use the average labor hours per installation from past projects to predict the future.
This is an example of which of the following?

  1. Parametric estimating
  2. Three-point estimating
  3. Analogous estimating
  4. Monte Carlo analysis

Answer(s): A



Viewing Page 7 of 126



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