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Project Management Question Bank
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Question:

Bottom-up Cost estimating is typically motivated by the size and complexity of:
  1. The project management software
  2. The statistical relationship between historical data and other variables
  3. The project budget
  4. The individual schedule activity or work package






Q2. One of the project objectives for your company was to acquire additional expertise completing a large scale design project. The project is mostly completed when your client terminates the contract. A change in their business means the work is no longer needed. What is the MOST effective thing to do?

  1. Stop work immediately
  2. Complete the project, but do not charge the client for the time
  3. Tell the client that work will stop after it is completed
  4. Move on to the Close Project or Phase process
Correct Answer

Q3. Joe has been managing a project for Exton Oil Corp. This project involves redesigning filling stations across the state. The redesign involves new gas pumps, security cameras, convenience stores, and use of environmentally friendly materials in the construction. While the redesigning work proceeds, Joe’s design engineer suggests a secondary alarm system for gas pumps to alert the attendant in case of a spill. Although this suggestion is not in the project requirements, Joe is impressed with the engineer’s recommendation. What should be the next step for Joe with regard to the engineer’s suggestion?

  1. Initiate the formal change control process to find the impact of his recommendation
  2. Approve his recommendation and allocate resources and funds
  3. Create an issue log to document the engineer‘s suggestion for future use
  4. Reject his recommendation as it requires additional funding
Correct Answer

Q4. Which of these is not a data analysis technique used during quantitative risk analysis?

  1. Tornado diagram
  2. Decision tree
  3. RACI chart
  4. Influence diagrams
Correct Answer

Q5. A project manager has assembled the project team, identified 56 risks on the project, determined what would trigger the risks, rated them on a risk rating matrix, tested their assumptions, and assessed the quality of the data used. The team is continuing to move through the risk management process. What has the project manager forgotten to do?

  1. Simulation
  2. Risk mitigation
  3. Overall risk ranking for the project
  4. Involvement of other stakeholders
Correct Answer

Q6. Testing the entire population would:

  1. Take too long
  2. Provide more information than wanted
  3. Be mutually exclusive
  4. Show many defects.
Correct Answer

Q7. Jessica is managing an office refurbishment project. All the project stakeholders are identified and classified. The stakeholder engagement plan is also approved. Jessica is managing a project for the first time, and she is relying on the PMBOK guide as a reference to deliver an excellent project. Which of the following processes would provide guidance to Jessica regarding how to execute the approved stakeholder engagement plan?

  1. Monitor Stakeholder Engagement
  2. Manage Stakeholder Engagement
  3. Identify Stakeholders
  4. Plan Stakeholder Engagement
Correct Answer

Q8. Which of the following is not a true statement about control charts?

  1. Control charts can be used to establish, as well as maintain process control.
  2. Control charts are used to determine acceptance limits when no limits when no limits are stipulated by th eproduct specification; otherwise, one should use the limits dictated by the specification.
  3. All data points outside the control chart limits are variations explained by assignable causes.
  4. B and C.
Correct Answer

Q9. Which of the following BEST describes the phrase, “influencing the factors that affect change”?

  1. Telling people that changes are not allowed
  2. Determining the sources of changes and fixing the root causes
  3. Adding more activities to the work breakdown structure to accommodate risks
  4. Calculating the impact of changes to date on the project
Correct Answer

Q10. The State of New York has contracted with your company to provide a claims payment system for Medicaid benefits. In the contract, a clause states that the State of New York can review your work processes and deliverables. This is an example of:

  1. Performance Report
  2. Record Management System
  3. Deliverables Checklist
  4. Inspections and Audits
Correct Answer










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