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Project Management Question Bank
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Question:

A project consists of multiple phases. Which of the following is a valid statement and applies to each phase of the project?
  1. Each phase is generally concluded with a review of the work accomplished but is only closed if the next phase has already started.
  2. Each phase of the project is considered complete when the project sponsor signs off on that phase of the project.
  3. Each phase of the project is generally concluded with a review of the work accomplished and deliverables to determine acceptance and whether the phase should be considered closed.
  4. Each phase is generally concluded with a review of the work accomplished. A phase is never considered complete until the end of the project when the entire project is complete.






Q2. When should the project baselines be changed?

  1. They should not be changed
  2. Only for changes that have been approved by the change control board.
  3. At each project team meeting
  4. For all approved changes
Correct Answer

Q3. The Requirements Traceability Matrix helps in tracing all the following except:

  1. Requirements to project objectives
  2. Requirements to project scope
  3. Requirements to test strategy
  4. Requirements to project risk
Correct Answer

Q4. The cost estimates for a project are in the range of +/- 5 %. What phase is the project likely to be in?

  1. Closing phase
  2. Preliminary phase
  3. Initial phase
  4. Intermediate phase
Correct Answer

Q5. You are planning resources for your project and the team charter has been established. This charter provides a clear guideline of the acceptable behavior of team members. Which of the following is not included?

  1. Communication guidelines
  2. Decision making criteria
  3. Conflict resolution process
  4. Motivational processes
Correct Answer

Q6. A project is facing the following risks: 20 percent chance a part is not available, creating an additional fee of US $30,000; 10 percent chance the team requires additional training for a cost of US $12,000; 25 percent chance the second planned quality test costing US $8,000 is unnecessary. What is the expected monetary value of these risks?

  1. $50,000
  2. $5,200
  3. $42,000
  4. $7,200 86
Correct Answer

Q7. The resource optimization technique during the Control Schedule process allows a project manager to:

  1. Schedule training sessions for the project team members to optimize their performance.
  2. Schedule activities considering both the resource availability and the project time.
  3. Provide monetary incentives to project team members to boost their performance.
  4. Allow overtime so that team members get motivated to work during nonworking hours.
Correct Answer

Q8. A key project in an organization has been ignored, due to high travel expenses associated with the movement of subject matter experts and other specialists across various project locations. Which of the following might allow such a project to be undertaken in a cost-efficient manner?

  1. Management sign-off
  2. Negotiation
  3. Virtual teams
  4. Co-location
Correct Answer

Q9. Which motivational theory uses the concepts of esteem and selfactualization?

  1. Maslow
  2. Deming
  3. McGregor
  4. Herzberg
Correct Answer

Q10. Which of the following is the BEST project management tool to use to determine the longest time the project will take?

  1. WBS
  2. Network diagram
  3. Bar chart
  4. Project charter
Correct Answer








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