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Project Management Question Bank
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Question:

You have finished the Plan Risk Responses process and are left with residual risks. What should you do with them?
  1. Document them in the risk register and revisit them during project executing
  2. Deal with them as they arise during project executing
  3. Include them as part of the contingency plans
  4. Perform a sensitivity analysis on them.






Q2. You have a US $100,000,000 project that has 34 team members in four different countries. At the completion of project planning, you have identified six risks, 225 work packages, 13 stakeholders and seven phases to the project life cycle. What part of this project management plan needs to be revisited?

  1. The Identify Risks process
  2. The staffing management plan
  3. The network diagram
  4. The communications management plan
Correct Answer

Q3. A responsibility assignment matrix shows all of the following EXCEPT:

  1. Time.
  2. Resources
  3. Names.
  4. Work packages
Correct Answer

Q4. Monte Carlo analysis is used to:

  1. Simulate the order in which activities occur
  2. Prove to management that extra staff is needed.
  3. Get an indication of the risk involved in the project
  4. Estimate an activity’s length
Correct Answer

Q5. When writing the roles and responsibilities for team members, you should document the role, authority, responsibility, and competency for each team member. Where must you document this information?

  1. Resource management plan
  2. RACI chart
  3. Resource calendar
  4. Resource Breakdown Structure (RBS)
Correct Answer

Q6. When planning risk responses, the strategy of changing the project management plan to eliminate the risk is known as:

  1. Avoidance
  2. Transference
  3. Mitigation
  4. Acceptance
Correct Answer

Q7. A project manager approaches you to understand the Work Breakdown Structure (WBS) in better detail. You tell her that:

  1. The WBS is a detailed project plan and includes the effort, resources, and dates on which the tasks for the project are complete.
  2. The WBS is a task-oriented decomposition of work that identifies each task and the resource required to accomplish the task.
  3. The WBS is a deliverable-oriented hierarchical decomposition of the work the project team must accomplish to meet project objectives.
  4. The WBS is a Gantt chart that contains details about the project deliverables the project team must do.
Correct Answer

Q8. A project is contracted on a Cost-Plus-Fixed-Fee (CPFF) basis. The targeted cost is US$200,000 with a fee of US$30,000. If the project comes in at US$170,000, what would be the total cost of the contract?

  1. US$ 195,500
  2. US$230,000
  3. US$ 200,000
  4. US$170,000
Correct Answer

Q9. Your project is delayed and you are trying to compress the schedule so that you can bring your project on track. While reviewing the activities of your project, you notice that plumbing work starts after completing electrical work. You discuss these two activities with your team members and reach a conclusion that these two activities can start at the same time. Therefore, you make a change to the plan to start these two activities together. Which technique are you using here?

  1. Resource leveling
  2. Resource optimization
  3. Fast tracking
  4. Crashing
Correct Answer

Q10. Outputs of the Close Project or Phase process include all of the following EXCEPT:

  1. Project archives
  2. Formal acceptance
  3. Lessons learned
  4. A risk audit
Correct Answer








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