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Project Management Question Bank
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Question:

A government agency has awarded your company a massive software project. This project has an early completion incentive, and your company has a policy of paying a bonus to the project manager if such an incentive is awarded. However, this particular government agency has a reputation for being extremely difficult to work with; there is a great deal of bureaucracy within this agency, and stonewalling and hostility toward contractors are common. The project manager will need to have excellent political skills to lead this project successfully. You have been asked to lead the project because of your expertise with this type of project. However, you have never worked within such a highly charged and political environment. What should you do?
  1. Decline the project citing lack of experience.
  2. Accept the project but disclose your lack of experience in this type of environment.
  3. Accept the project and request that a corporate liaison be assigned to your project.
  4. Accept the project.






Q2. Monte Carlo analysis is used to:

  1. Simulate the order in which activities occur
  2. Prove to management that extra staff is needed.
  3. Get an indication of the risk involved in the project
  4. Estimate an activity’s length
Correct Answer

Q3. You have signed a contract to construct a cross-country gas pipeline. The duration of the project is 5 years. Although the scope is well defined and the duration is long, the seller is insisting you reimburse any costs which may increase due to the time factor. What kind of contract will you select in this case?

  1. CPIF
  2. CPAF
  3. FP-EPA
  4. FPIF
Correct Answer

Q4. During a cost performance review with certain senior officers from the finance department, you discover there are certain inconsistencies in the way cost performance reporting is done, and you obtain data that shows these officers are deliberately misleading senior management. What should you do?

  1. Write an anonymous letter to senior management about these activities.
  2. Bring this to the notice of senior management even though there are no formal policies in place for whistleblowers.
  3. Do nothing but make sure that the data for your project is clean.
  4. Do nothing. The corrupt behavior of the finance department officials has nothing to do with your project.
Correct Answer

Q5. During the development of the project stakeholder engagement plan, a project manager is usually dependent on the voice of the project stakeholders to obtain expert opinion. Which of the following is an important tool available to the project manager for gathering and organizing stakeholders’ information?

  1. Fishbone diagrams
  2. Control charts
  3. Histograms
  4. Focus groups
Correct Answer

Q6. Define Activities, Sequence Activities, and Estimate Durations all occur before:

  1. Develop Project Charter
  2. Create WBS
  3. Develop Schedule
  4. Project development
Correct Answer

Q7. A project manager has discovered that a team member has gold plated the work done in an activity. In order to discover this, the project manager must have been performing:

  1. Time management
  2. Scope management
  3. Cost management
  4. Human Resource management
Correct Answer

Q8. A business is considering more than a dozen infrastructure upgrade projects. These projects, once delivered, will add to the organization’s overall performance but will not contribute to any of the revenue streams. Prior to initiating any such project, the value of the project to the organization must be determined. Which of the following is the most important factor to consider in such a scenario?

  1. Net Present Value (NPV) of the projects
  2. Internal Rate of Return (IRR) of the projects
  3. Alignment with the strategic goals
  4. Investment requirement
Correct Answer

Q9. A new project manager is being mentored by a more experienced certified project management professional (PMP). The new project manager is having difficult finding enough time to manage the project because the product and project scope are being progressively elaborated. The PMP mentions that the basic tools of project management, such as a work breakdown structure, can be used during project executing to assist the project manager. For which of the following can a work breakdown structure be used?

  1. Communicating with the customer
  2. Showing calendar dates for each work package
  3. Showing the functional managers for each team member
  4. Showing the business need for the project 6
Correct Answer

Q10. All of the following are needed to create the WBS EXCEPT:

  1. Organizational process assets
  2. Quality measurements
  3. Requirements documentations
  4. Project scope statement 01
Correct Answer








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