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Project Management Question Bank
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Question:

During Plan Risk Responses process, the team is discussing ways to deal with a risk. They have come up with the following options: (a) outsource the work, (b) provide more training to the team members, (c) wait to see if the risk actually happens, (d) ignore the risk and (e) do the risky activity sooner in the project. Which of the following is a risk response strategy that was forgotten in the above situation?
  1. Remove the activity causing the risk from the project.
  2. Purchase insurance to cover the anticipated cost.
  3. Assign the activity to a more experienced person to handle.
  4. Prototype the product.






Q2. Which of these is not an input to the Control Procurements process?

  1. Agreements
  2. Change requests
  3. Work performance data
  4. Project management plan
Correct Answer

Q3. During the Identify Risks process, a project manager made a long list of risks identified by all the stakeholders using various methods. He then made sure that all the risks were understood and that triggers had been identified. Later, in the Plan Risk Responses process, he took all the risks identified by the stakeholders and determined ways to mitigate them. What has he done wrong?

  1. More people should be involved in the Plan Risk Responses process
  2. Triggers are not identified until the Identify Risks process.
  3. The project manager should have waited until the Perform Qualitative Risk Analysis process to get the stakeholders involved.
  4. The project manager should have created workarounds
Correct Answer

Q4. Under which of the following scenarios would you not use a decision tree?

  1. When some future scenarios are unknown
  2. When you need to look at the implications of not choosing certain alternatives
  3. When the future scenarios are known
  4. When the outcomes of some of the actions are uncertain
Correct Answer

Q5. You are managing a project that requires an environmental permit to do work. The approval is in the final stages when a confidential, reliable report is brought to your notice. The report indicates there is a high risk of an environmental hazard due to the project. Your manager tells you it is better to keep quiet at this stage since losses from terminating the project might be very high. You must:

  1. Send an email to your manager documenting the matter and disowning ownership of the project
  2. Inform the necessary authorities of the hazard, even if it means cancelling the project
  3. Wait for the project to start and see if the information in the report is true
  4. Keep quiet about the matter since you will follow your manager's instructions
Correct Answer

Q6. Carole is managing a hotel refurbishment project. She has identified her project's key stakeholders. Carole now wants to expand this list of stakeholders and convert it to a comprehensive list of project stakeholders. What should Carole do?

  1. Do not spend more time on identifying the non-key stakeholders
  2. Seek expert judgment from the identified key stakeholders
  3. Request that the project sponsor provide the details of the remaining stakeholders
  4. Carry out a stakeholder analysis with the identified key stakeholders
Correct Answer

Q7. The termination clause and alternative dispute resolution (ADR) mechanism for each procurement in a project is in the:

  1. Scope Statement
  2. Agreement
  3. Resource Calendars
  4. Source Selection Criteria
Correct Answer

Q8. A good project manager knows the value of effective stakeholder management. What is the ultimate goal of effective stakeholder management?

  1. Stakeholder engagement
  2. Project success
  3. Stakeholder satisfaction
  4. Meeting project objectives
Correct Answer

Q9. When is it MOST important that integration is performed?

  1. During project planning
  2. During project executing
  3. At key interface points
  4. At the end of each project management process
Correct Answer

Q10. During the Define Activities process, the team discovers that they do not know enough to define the activities for 30 percent of the work packages. What would be the BEST course of action?

  1. Redo the Define Scope process
  2. Review the project charter with the sponsor and the team
  3. Continue on to Sequence Activities process and define the activities at a later date.
  4. Include this problem as a part of risk identification
Correct Answer










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