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Project Management Question Bank
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Question:

What is the primary risk when including reserves, or contingency allowances, in your cost estimate?
  1. Cancelling your project
  2. Understating the cost estimate
  3. Overstating the cost estimate
  4. Tracking the funds






Q2. A heuristic is BEST described as a:

  1. Control tool.
  2. Scheduling method
  3. Planning tool
  4. Rule of thumb
Correct Answer

Q3. Joe is attempting to calculate the probable financial impact of some future uncertain scenarios. What method could he use?

  1. Pareto analysis
  2. Earned value analysis
  3. Variance analysis
  4. Expected monetary value analysis
Correct Answer

Q4. The project is just starting out and consists of people from 14 different departments. The project charter was signed by one person and contains over 30 major requirements that must be met on the project. The sponsor has informed the project manager that the SPI must be kept between 0.95 and 1.1. A few minutes of investigation resulted in the identification of 34 stakeholders, and schedule objectives on the project are constrained. A project manager has just been hired. Which of the following types of project management power will BEST help the project manager gain the cooperation of others?

  1. Formal
  2. Referent
  3. Penalty
  4. Expert.
Correct Answer

Q5. In which project management process group is the project manager likely to do more directing?

  1. Initiating
  2. Planning
  3. Executing
  4. Monitoring and controlling
Correct Answer

Q6. The project team has created a plan for how they will implement the quality policy. It addresses the organizational structure, responsibilities, procedures, and other information about plans for quality. If this changes during the project, WHICH of the following plans will also change?

  1. Quality assurance.
  2. Quality management
  3. Project management
  4. Quality control.
Correct Answer

Q7. The Manage Team process is part of what process group?

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

Q8. An organization wishes to ensure that the opportunity arising from a risk with positive impact is realized. This organization should:

  1. Exploit the risk
  2. Mitigate the risk
  3. Accept the risk
  4. Avoid the risk
Correct Answer

Q9. The project is calculated to be completed four days after the desired completion date. You do not have access to additional resources. The project is low risk, the benefit cost ratio (BCR) is expected to be 1.6, and the dependencies are preferential. Under these circumstances, what would be the BEST thing to do?

  1. Cut resources from an activity
  2. Make more resources concurrent
  3. Move resources from the preferential dependencies to the external dependencies.
  4. Remove an activity from the project.
Correct Answer

Q10. You have accepted a position at a company where you will manage a group of projects in a coordinated way. This organization specifically hired you to start a project management office to help it develop a more structured approach to project management. What should you do FIRST?

  1. Study the history of the organization
  2. Get your job description changed to either project management or project management office work, but not both
  3. Meet with key stakeholders to better understand the organization and projects.
  4. Focus on communications with your boss and other senior managers
Correct Answer










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