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Project Management Question Bank
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Question:

Your construction project is in execution, and you require a major change to one of your supplier agreements. Can you directly make this change with mutual consent of the supplier during the Control Procurements process, or do you have to visit the Perform Integrated Change Control process, as well?
  1. The change request needs to be approved through the Control Procurements process prior to making the change through the Integrated Change Control process.
  2. The change request can be directly processed through the Control Procurements process since the change requests only affects a particular supplier agreement.
  3. The Control Procurements process is about identifying variances. The supplier contract can directly be altered through the Perform Integrated Change Control process.
  4. The change request needs to be approved through the Perform Integrated Change Control process prior to making the change through the Control Procurements process.






Q2. During a project management process, you are reviewing proposals from many bidders using some predetermined criteria. Based on this review, you prepare a final list of bidders and then select a bidder from this list. What project management process is this?

  1. Plan procurement
  2. Conduct procurement
  3. Control procurement
  4. Define scope
Correct Answer

Q3. The Code of Ethics and Professional Conduct has as its foundation four values identified by practitioners from the global project management community. They are:

  1. Respect, fairness, transparency, and freedom
  2. Responsibility, transparency, fairness, and honesty
  3. Respect, freedom, honesty, and transparency
  4. Responsibility, respect, fairness, and honesty
Correct Answer

Q4. You have four projects from which to choose one. Project A is being done over a six year period and has a net value (NPV) of US $70,000. Project B is being done over a three year period and has an NPV of US $30,000. Project C is being done over a five year period and has an NPV of US $40,000. Project D is being done over a one year period and has an NPV of US $60,000. Which project would you choose?

  1. Project A
  2. Project B
  3. Project C
  4. Project D
Correct Answer

Q5. During the executing process group of the project, a team member identifies a new risk. What should occur in light of this identification?

  1. Include it in the risk triggers
  2. Test its assumptions
  3. Add it to the risk management plan
  4. Assess this risk.
Correct Answer

Q6. Which of the following processes are usually not performed continuously, but rather, performed periodically as needed:

  1. Acquire Resources
  2. Monitor Risks
  3. Monitor Communications
  4. Monitor Stakeholder Engagement
Correct Answer

Q7. A project manager is unsure of how much cost reserve to add to the project. There is a 50 percent chance of a weather delay causing an impact of US $100,000 and a 30 percent chance of a delay in the testing center with a US $20,000 impact. How much should the cost reserve be?

  1. Less than $50,000
  2. More than $120,000
  3. Less than $20,000
  4. More than $56,000
Correct Answer

Q8. Project Team A has been hired to manage a transportation project very similar to dozens of projects the team has managed successfully in the past. The team has determined that the probability of achieving project objectives is 94 percent. What part of the risk process is the team in?

  1. Perform Qualitative Risk Analysis.
  2. Plan Risk Responses.
  3. Perform Quantitative Risk Analysis.
  4. Identify Risks.
Correct Answer

Q9. You are managing two projects. The first project is to design a simulator for a client which he will use in his driving school. The second project is to install a security system on a client’s premises to ensure its security around the clock. What is your role here?

  1. Project manager
  2. Portfolio manager
  3. Program manager
  4. Project coordinator
Correct Answer

Q10. Which of the following may help in ensuring that certain bidders in the procurement process do not receive preferential treatment and that all prospective sellers have a clear and common understanding of the procurement?

  1. Use of weighted criteria
  2. Use of screening techniques
  3. Use of bidder conferences
  4. Use of expert judgment
Correct Answer








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