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Project Management Question Bank
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Question:

A project manager for a large international bank has a project team that just implemented an electronic funds project involving four large vendors. The project manager struggled through every part of the procurement process since the bank had a weak internal procurement department. What would be the MOST appropriate thing to do to ensure the problems are resolved for future projects?
  1. Document all of the issues in a memo, and schedule a meeting with the head of the procurement office.
  2. Include a agenda item in the project closedown to discuss these issues in a non-threatening manner
  3. Address this through contract change control.
  4. Conduct a procurement audit.






Q2. Your project has a cost overrun and a new budget has been approved. Which formula will you use to calculate the TCPI?

  1. (BAC–AC) / (BAC–EV)
  2. (BAC–AC) / (EAC–EV)
  3. (BAC–EV) / (BAC–AC)
  4. (BAC–EV) / (EAC–AC)
Correct Answer

Q3. You have a project with the following activities: Activity 1 can start immediately and has an estimated duration of four. Activity 2 can start after activity 1 is completed and has an estimated duration of eight. Activity 3 can start after activity 2 is completed and has an estimated duration of five. Activity 4 can start after activity 1 is completed and has an estimated duration of eight. Activity 5 has an estimated duration of three and must take place concurrently with activity 3. It can start after activities 4 and 2. What is the duration of the critical path of this project?

  1. 15
  2. 18
  3. 17
  4. 12
Correct Answer

Q4. A company is making an effort to improve its project performance and create historical records of past projects. What is the BEST way to accomplish this?

  1. Create project management plans
  2. Create lessons learned
  3. Create network diagrams
  4. Create status reports 2
Correct Answer

Q5. A project manager scheduled a review at the end of a phase, with the objective of obtaining authorization to close the current project phase and initiate the next phase. Which of the following is an incorrect way of describing this review?

  1. Phase gate
  2. Phase planning
  3. Kill point
  4. Stage gate
Correct Answer

Q6. Which of the following is not a project competing constraint?

  1. Budget
  2. Procurement
  3. Risk
  4. Resource
Correct Answer

Q7. With a clear procurement statement of work, a seller completes work as specified, but the buyer is not pleased with the results. The contract is considered to be:

  1. Null and void.
  2. Incomplete.
  3. Complete.
  4. Waived.
Correct Answer

Q8. The accuracy of Activity Duration estimates can be improved by considering the amount of risk in the original estimate. The three types of estimates on which three-point estimates are based are:

  1. Budgetary, ballpark, and Order of Magnitude
  2. Best case scenario, expected scenario, and current scenario
  3. Most likely, likely, and unlikely
  4. Most likely, optimistic, and pessimistic
Correct Answer

Q9. Project knowledge management is concerned with managing which type of project knowledge?

  1. Both “explicit” and “tacit” knowledge
  2. “Explicit” knowledge; as this can be readily codified
  3. “Tacit” knowledge; as this is difficult to express
  4. “Tacit” knowledge; as this involves beliefs, insights, experience and “know-how”
Correct Answer

Q10. Activities in the Define Activities process should meet:

  1. The WBS layout
  2. Cost incentives
  3. Schedule objectives
  4. Project objectives
Correct Answer








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