IRGST

Home Question Bank Online Exams Job Interview Q&A Job Description How To Quotes and Sayings Articles Jobs Personality Tests Personality Types About Contact Us Sign in/up

Project Management Question Bank
for Exam preparation

Select Knowledge area

Question:

A contractor is currently constructing a new building for your organization on a cost-plus-incentive contract. You just received the project status report from the contractor’s project manager. According to the report, the project’s CPI is 1.5. You are shocked because you believe the project costs are out of control. Upon investigation, you learn the $1 million advance payment (20 percent of the estimated project cost) given to the contractor at the start of the project was included in the project’s earned value. Further, the cost of the inventory at the project site was excluded from the total actual costs. According to the contract, your company reimburses only the costs for the completed deliverables and not for the supplies in the project’s inventory. In this scenario, the reported project’s CPI is incorrect because:
  1. Actual cost is understated.
  2. Earned value is overstated, and actual cost is understated.
  3. Earned value is overstated.
  4. Both the earned value and the actual cost are overstated.






Q2. Conflict resolution techniques that may be used on a project include confronting, smoothing, forcing, and:

  1. Withdrawing
  2. Directing
  3. Organizing
  4. Controlling.
Correct Answer

Q3. During the course of the project, the project management team developed a forecast for the estimate at completion (EAC) based on the project performance. Which of the following statements about EAC is correct?

  1. The EAC forecast based on the Bottom-up estimate to complete (ETC) requires a new estimate.
  2. The EAC forecast is best estimated using the estimate to complete (ETC) work performed considering both SPI and CPI factors.
  3. The EAC forecast is best estimated using the estimate to complete (ETC) work performed at the present CPI.
  4. The EAC forecast is best estimated using the estimate to complete (ETC) work performed at the budgeted rate.
Correct Answer

Q4. Which of the following is NOT a knowledge management tools and technique?

  1. Networking
  2. Change requests
  3. Knowledge fairs and cafes
  4. Storytelling
Correct Answer

Q5. A software team tracing the root cause of an application failure can use this to help determine the cause(s) of the failure:

  1. Ishikawa diagram
  2. Rummler-Brache swim lane diagram
  3. Threading analysis
  4. Deming chart
Correct Answer

Q6. A team member in your project is constantly providing incomplete deliverables and not performing well. What should you do first?

  1. Discuss the issue with the team member in private
  2. Discuss the issue with the team member in the presence of the project sponsor
  3. Discuss the issue with the team member in the presence of other team members
  4. Discuss the issue with the team member in the presence of the company's HR manager
Correct Answer

Q7. A team member tells the project manager that her activity will be delayed four weeks. The project manager investigates and determines that the delay will affect the project’s completion date. Who should approve the change?

  1. Change control board
  2. Project manager
  3. Team member
  4. Sponsor
Correct Answer

Q8. Two people on the same project team have just found out that they are working on the same work. This situation can be BEST characterized as a lack of:

  1. A good work breakdown structure.
  2. A matrix organization
  3. Sponsor direction
  4. Effective status meetings.
Correct Answer

Q9. You have a choice of four ongoing projects that you can take over as project manager. Project 1 has a benefit cost ratio (BCR) of 1.4, is a high priority project and has a critical path length of 16 months. Its cost performance index (CPI) is 1.2. Project 2 has a schedule performance index (SPI) of 1.1, is using three critical resources, has a low priority, and has a BCR of 1.1. Project 3 has a CPI of 1.2, an SPI of 0.89, a BCR of 1.6, and a critical path length of 19 months. Project 4 has a CPI of 0.82, an activity with 33 days of float, a hard-to-get resource assigned to activity L, and a priority of keeping cost low. Based on the above, which project would you prefer to take over?

  1. Project 1
  2. Project 2
  3. Project 3
  4. Project 4
Correct Answer

Q10. Having to constantly push the team to perform is an example of a LACK of:

  1. Project continuity
  2. Team buy-in
  3. Management support
  4. Team accord
Correct Answer








User Agreement| |Privacy Policy