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Project Management Question Bank
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Question:

A project’s financial management reserves are determined in which process:
  1. Estimate Costs
  2. Determine Budget
  3. Control Costs
  4. Estimate Activity Resources






Q2. It is extremely important for a project manager to determine and map key stakeholder engagement levels early in the project. Which of the following statements support this claim:

  1. Stakeholder engagement levels change during the lifecycle of the project
  2. Stakeholder engagement throughout the lifecycle of the project is critical to project success
  3. Leading stakeholders assume a supportive role during project execution
  4. Development of the stakeholder assessment matrix is a mandatory PMBOK requirement
Correct Answer

Q3. Cost performance measurement is BEST done through which of the following?

  1. Asking for a percent complete form each team member and reporting that in the monthly progress report
  2. Calculating earned value and using the indexes and other calculations to report past performance and forecast future performance
  3. Using the 50/50 rule and making sure the life cycle cost is less than the project cost
  4. Focusing on the amount expended last month and what will be expended the following month
Correct Answer

Q4. If a project has a 60 percent chance of a US $100,000 profit and a 40 percent chance of a US $100,000 loss, the expected monetary value for the project is:

  1. $100,000 profit
  2. $60,000
  3. $20,000 profit
  4. $40,000 loss
Correct Answer

Q5. In a software development project, you are having joint application development (JAD) sessions to collect product requirements from stakeholders. Which of the following mandatory standards in the PMI Code of Ethics and Professional Conduct is met by having JAD sessions while gathering requirements?

  1. Honesty
  2. Fairness
  3. Responsibility
  4. Respect
Correct Answer

Q6. Which of the following allows a project management team to communicate all approved and rejected changes to the stakeholders consistently?

  1. Configuration management system
  2. Verification management system
  3. Configuration status accounting
  4. Change management board
Correct Answer

Q7. A project manager has just been assigned to a new project and has been given the approved project charter. The FIRST thing the project manager must do is:

  1. Create a project scope statement
  2. Confirm that all the stakeholders have had input to the scope
  3. Analyze project risk
  4. Begin work on a project management plan
Correct Answer

Q8. Based on the chart that shows activities on the critical path, which activity(s) would you crash to save exactly four weeks?

  1. Activity F
  2. Activities A and E
  3. Activities C and E
  4. Activities A and C
Correct Answer

Q9. You are currently in a process whose main benefit is to increase support and minimize resistance from stakeholders as the project evolves and environment changes. Which is not a tool and technique of this process?

  1. Ground rules
  2. Expert judgment
  3. Document analysis
  4. Meetings
Correct Answer

Q10. Which of the following processes is not a part of the Project Scope Management?

  1. Create WBS
  2. Control Quality
  3. Control Scope
  4. Collect Requirements
Correct Answer










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