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Project Management Question Bank
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Question:

Which of the following is a KEY way to improve activity cost estimates?
  1. Use historical data.
  2. Let management create the management reserve and the activity cost estimate.
  3. Base activity estimates on the upper and lower control limits.
  4. Let the project manager create the activity cost estimate.






Q2. You are in the execution stage of your project, and you are informed that “corporate” will send in a team of consultants to review whether your project activities comply with your company’s and PMI’s policies, standards, and procedures. This is an example of:

  1. Quality Audit
  2. Organizational Process Assets
  3. Process Analysis
  4. Recommended Corrective Actions
Correct Answer

Q3. A company manages SBG contracting bids for government tenders and all successful bids as a separate project. The structure of the company is mainly projectized for a dedicated project team to manage each project. However, to realize economies of scale, there are some central departments that serve all projects. Which of the following role is most likely to be working in a central department instead of directly working with a project team?

  1. Quality control inspector
  2. Construction manager
  3. Project planner
  4. Procurement administrator
Correct Answer

Q4. You are managing an oil-drilling project. With oil at $143 per barrel, this could be a highly lucrative project. However, there is a chance that the price of oil will drop below $105 per barrel, which would eliminate the profit in the project. This is an example of:

  1. Requirement
  2. Assumption
  3. Risk
  4. Constraint
Correct Answer

Q5. Sheila is a project manager who manages a global project. She has stakeholders located in various parts of the globe. Due to the nature of the project, she also has large volumes of information she needs to share with the recipients. What type of communication method should she prefer for this purpose?

  1. Pull communication
  2. Push communication
  3. Request-based communication
  4. Interactive communication
Correct Answer

Q6. A project manager presented premier performance certificates to project team members who delivered above and beyond their required activities at each project milestone. This is an example:

  1. Project performance appraisal.
  2. Gold plating
  3. A recognition and reward system
  4. Team building.
Correct Answer

Q7. You are halfway through a major network rollout. There are 300 locations in the United States, with another 20 in England. A software seller has just released a major software upgrade for some of the equipment being installed. The upgrade would provide the customer with functionality they requested that was not available at the time the project began. What is the BEST course of action under these circumstances?

  1. Continue as planned, your customer has not requested a change
  2. Inform the customer of the upgrade and the impacts to the project’s timeline and functionality if the upgrade is implemented
  3. Implement the change and adjust the schedule as necessary because this supports the customer’s original request
  4. Implement the change to the remaining sites and continue with the schedule.
Correct Answer

Q8. 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

Q9. Breaking down project activities into smaller components in order to obtain a more accurate cost estimate and then aggregating the estimates of the lower-level components is:

  1. Work breakdown structure
  2. Analogous estimating
  3. Decomposition
  4. Bottom-up estimating
Correct Answer

Q10. A project manager is working on his first project with outside sellers. He is familiar with project change control systems but not contract change control systems. In explaining how a contract change control system differs from a project change control system, it is BEST to point out that a contract change control system:

  1. Includes procedures
  2. Includes trend analysis
  3. Requires more sign-offs
  4. Requires less documentation.
Correct Answer










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