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Project Management Question Bank
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Question:

Determining cost and schedule reserves, identifying risks requiring the most attention, and determining the overall project risk exposure are all part of the processes of Perform Qualitative Risk Analysis, Perform Quantitative Risk Analysis, and:
  1. Plan Risk Responses.
  2. Control Risks.
  3. Identify Risks.
  4. Plan Risk Management






Q2. If a risk event has a 90 percent chance of occurring, and the consequences will be US $10,000, what does US $90,000 represent?

  1. Risk value
  2. Present value
  3. Expected monetary value
  4. Contingency budget
Correct Answer

Q3. You have just received notice that the organization you have worked for as a project manager has gone bankrupt. All employees have 72 hours’ notice of termination. What is the best course of action for the two projects you are managing?

  1. Follow company directives
  2. Conduct a project closeout meeting
  3. Leave the office today
  4. Raise a claim for and on behalf of all the employees and contractors who were participating in the project
Correct Answer

Q4. Who determines the project scope requirements of a new project?

  1. The customer
  2. The stakeholders
  3. The project manager
  4. Senior management
Correct Answer

Q5. A project activity on the critical path is delayed. What is the BEST thing to do?

  1. Obtain more resources
  2. Tell the customer the project will be late
  3. Compress the schedule
  4. Cut scope.
Correct Answer

Q6. Which of the following is not a Project Schedule Management process?

  1. Source Activities
  2. Estimate Activity Durations
  3. Define Activities
  4. Sequence Activities
Correct Answer

Q7. You have just returned from the weekly change control board meeting at which you presented the requested changes to the employee move project. You had five change requests approved and one request rejected. These are outputs of what process?

  1. Control Quality
  2. Control Scope
  3. Monitor Risks
  4. Perform Integrated Change Control
Correct Answer

Q8. Warranty and inventory costs are going up, causing the project manager to worry about the costs of non-conformance. What is the BEST advice you can give the project manager?

  1. Increase scrap.
  2. Increase rework
  3. Perform a quality audit.
  4. Look for benchmarks.
Correct Answer

Q9. You have been given a project to build a park for a local community. Currently you are developing approaches to involve project stakeholders based on their needs, expectations, interests, and potential impact on the project. Which of the following is not an output of this process?

  1. Communication management plan
  2. Risk register
  3. Stakeholder register
  4. None of the above
Correct Answer

Q10. The approximate resource costs necessary for completing project activities are compiled during which project management process?

  1. Cost Reserve Analysis
  2. Estimate Costs
  3. Cost aggregation
  4. Forecasting.
Correct Answer








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