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Project Management Question Bank
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Question:

Using the chart, what is the lowest cost of crashing this project to save four weeks?
Project Management PMP-5126.jpg
  1. $18,000
  2. $6,000
  3. $7,000
  4. $9,000






Q2. A scope change is made on the project. You have determined the effect on the schedule, performed integrated change control, and adjusted the project baselines and the project management plan. What is the NEXT thing to do?

  1. Look for impacts to cost
  2. Notify stakeholders affected by the change.
  3. Submit the change to the change control board for approval
  4. Change the work breakdown structure.
Correct Answer

Q3. Which of the following is the BEST method to make reward systems MOST effective?

  1. Pay a large salary increase to the best workers
  2. Give the team a choice of rewards
  3. Make the link between performance and reward clear
  4. Present notification of rewards within the company.
Correct Answer

Q4. Each critical project communication requirement must be carefully analyzed. One good way is to use a communication model to design effective communications. What is the sequence of steps in a basic communication model?

  1. Encode -> Decode -> Transmit -> Acknowledge -> Feedback
  2. Encode -> Transmit -> Decode -> Acknowledge -> Feedback
  3. Decode -> Encode -> Transmit -> Acknowledge -> Feedback
  4. Encode -> Transmit -> Decode -> Feedback -> Acknowledge
Correct Answer

Q5. An estimating technique that uses a statistical relationship between historical data and other variables (such as square footage in construction or lines of code in software development) is known as:

  1. Parametric Estimating
  2. Analogous Estimating
  3. Bottom-up Estimating
  4. Historical Analysis
Correct Answer

Q6. A functional manager wants to change an activity estimate. The project manager analyzes the change and determines that it will cause a delay in the entire project. Who should authorize the change?

  1. Project team
  2. Sponsor
  3. Project manager
  4. Change control board
Correct Answer

Q7. After identifying the risks, you analyze them qualitatively and quantitatively to see if your risk response planning will effectively minimize the project risk or not. If not, you will tweak your risk response plan so the project risks fall within the stakeholders’ tolerance limits. Which of the following statements is correct about the quantitative risk analysis process?

  1. It is performed before qualitative risk analysis
  2. It is performed on each project
  3. Performed after qualitative risk analysis, if required
  4. None of the above
Correct Answer

Q8. A buyer and seller set the rates for junior engineers, senior engineers, architects, and other predefined roles. In what type of contract would this be applicable?

  1. Fixed-price with economic price adjustment contract
  2. Fixed-price incentive contract
  3. Fixed-price contract
  4. Time and material contract
Correct Answer

Q9. Your project team has identified a major project risk. After talking to the project management office, they determine that a reserve on the project is not necessary. What is the NEXT step?

  1. List the time or cost overrun expected on the project in your project management plan.
  2. Develop risk transference strategies.
  3. Create a risk response plan that includes the risk.
  4. Ignore he risk until it happens.
Correct Answer

Q10. The project manager of a large construction project is responsible for ensuring that all changes to the building plans are approved and tracked before they are implemented. These activities form part of which process?

  1. Validate Scope
  2. Perform Configuration Management
  3. Perform Integrated change control
  4. Control Quality
Correct Answer










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