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Project Management Question Bank
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Question:

As part of earned value management (EVM), a project manager is calculating the to-complete performance index (TCPI) based on EAC. The data he has is as follows: The budget at completion for the project is $100,000. The earned value for the project is $25,000. The actual costs to date are $40,000, and the estimate at completion is $115,000. What is the TCPI that he will get?
  1. 1.1
  2. 0.9
  3. 1
  4. 0






Q2. A change request that is issued to bring the performance of the project back in line with the project management plan is related to:

  1. Corrective action
  2. Defect repair
  3. Proactive action
  4. Preventive action
Correct Answer

Q3. You have completed a milestone in your software development project, and you are now verifying that the product meets the specifications outlined in the project management plan. In which process group is this process?

  1. Closing
  2. Monitor and Controlling
  3. Executing
  4. Planning
Correct Answer

Q4. Company ABC is evaluating three consulting companies to find a consultant to perform professional services. They request information on how the three consulting companies allocate fringe benefits to their clients. What type of cost is Company ABC asking about?

  1. Variable
  2. Fixed
  3. Direct
  4. Indirect.
Correct Answer

Q5. In planning your project, which would generally have the highest priority; quality, cost, or schedule?

  1. Cost is most important, quality next, and then schedule
  2. Quality is more important than cost or schedule
  3. Schedule is most important, quality next, and then cost
  4. It should be decided for each project.
Correct Answer

Q6. Crashing is an effective schedule compression technique at times when a project is struggling behind schedule. However, increasing the number of resources to twice the original number of the resources does not always cut the time by half. This is due to:

  1. Fast tracking the project
  2. Risk mitigation due to crashing the project
  3. The law of diminishing returns
  4. Critical path analysis
Correct Answer

Q7. You are a project manager on a $7,000,000 software development project. While working with your project team to develop a network diagram, you notice a series of activities that can be worked in parallel but must finish in a specific sequence. What type of activity sequencing method is required for these activities?

  1. Precedence diagramming method
  2. Arrow diagramming method
  3. Critical path method
  4. Operational diagramming method
Correct Answer

Q8. Ben is the project manager for a mobile application development project. Due to a recent technological development, a significant change in the product design is required. This change would require a 25 percent increase in the project budget. Ben prepares a detailed report and emails it to the project sponsor, and the sponsor acknowledges the receipt of the report. What should Ben do next?

  1. Update the cost management plan
  2. Update the project budget
  3. Update the project schedule
  4. Wait for the formal approval of the new budget
Correct Answer

Q9. A project manager has just started planning his project. If he has only limited information about the project, he should use the following technique to estimate the duration for each activity using historical data from a similar project:

  1. Four-point estimating
  2. Three-point estimating
  3. Analogous estimating
  4. Parametric estimating
Correct Answer

Q10. After conducting a bidder conference, you receive an email from one of the bidders requesting additional information. The information was neither included in your request for proposal, nor did anyone ask for it during the bidder conference. You realize the answer to this question is critical to understanding the scope of the project. If the answer is not communicated to bidders, they cannot size their teams accurately or estimate the total duration of the project. The answer also greatly affects cost. However, the answer contains some proprietary information that, if disclosed to a competitor, may reveal the future product strategy of your company. Such a disclosure could be disastrous for a major product launch you are planning next year. You decide to send the answer to all the bidders, but you realize one of the bidders is also working closely with one of your competitors on a similar project. What should you do?

  1. Don’t send this information in writing; instead, telephone each bidding company.
  2. Send this information to all bidders except the bidder working with your competitor.
  3. Send this information to only the supplier who requested it.
  4. Require all bidders to sign a nondisclosure agreement. You may then send the information to each company that signed the NDA.
Correct Answer










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