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

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

PECB ISO 21502 Lead Project Manager Sample Questions:

1. 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 line item
B) Budget by activity
C) Budget by baseline


2. How does ISO 21502 define project management?

A) Principles, policies, and procedures by which a project is authorized and directed to accomplish agreed objectives
B) Planned and systematic actions necessary to provide confidence to the sponsoring organization and project sponsor that a project is likely to achieve its objectives
C) Coordinated activities to direct and control the accomplishment of agreed objectives


3. What does ISO 21502 provide?

A) High-level descriptions of effective practices for project management
B) Guidance on the management of projects, programs, and portfolios
C) Guidance on the principles of project and program portfolio management


4. Which methodologies below are more flexible in nature and provide an iterative approach for project management?

A) Change management
B) Traditional
C) Agile


5. To whom does the project manager report?

A) Key stakeholders
B) Project sponsor and project board
C) Only to organization's top management


Solutions:

Question # 1
Answer: A
Question # 2
Answer: C
Question # 3
Answer: A
Question # 4
Answer: C
Question # 5
Answer: B

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