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Project Management Question Bank
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Question:

Which of the following can prove to be effective in addressing variability risks?
  1. Monte Carlo analysis
  2. Root cause analysis
  3. Mitigating opportunities
  4. Accepting the risk






Q2. Which of the following best describes the Validate Scope process?

  1. Validating that the project quality requirements are met
  2. Controlling changes to the scope of the project
  3. Obtaining the stakeholders' formal acceptance of the project deliverables
  4. Validating that all of the project's objectives are met
Correct Answer

Q3. All of the following are always part of the Close Project or Phase process EXCEPT:

  1. Completing the lessons learned
  2. Performing closure of the outside contract
  3. Updating the archives
  4. Releasing the team.
Correct Answer

Q4. You have floated a firm fixed price contract for some work. Since the scope of the work is not clear, the risk is higher and contractors are hesitant to bid for your contract. You are very busy and don't have time to monitor the contractor’s bill. In this case, what kind of contract will you select?

  1. CPIF
  2. CPAF
  3. T&M
  4. FPIF
Correct Answer

Q5. Residual risks are risks that remain after risk response planning. Secondary risks are:

  1. Planning risks that are no longer a factor during project executing
  2. Discovered during risk identification
  3. New risks created by the risk response strategies selected.
  4. Lower priority risks not requiring mitigation efforts.
Correct Answer

Q6. A team member complains to the project manager that another team member has once again failed to provide necessary information. The project manager meets with both team members to uncover the reason for the problem. This is an example of:

  1. Withdrawal
  2. Confronting
  3. Compromising
  4. Smoothing.
Correct Answer

Q7. You have been offered a position managing a project that will last 12 months. However, you know that in six months, you will be relocating to another state for family reasons. What should you do?

  1. Turn down the position
  2. Accept the position and provide four weeks’ notice before leaving the job
  3. Accept the position and compress the schedule to complete the project in six months
  4. Disclose your relocation plans to the hiring manager
Correct Answer

Q8. A project manager needs to determine if the manufacturing process planned for the new micro-satellites will meet quality standards. Each satellite takes about three days to manufacture and costs US $125,000. The satellites are so small that inspection would destroy them. Under these circumstances, what should the project manager do?

  1. Outsource the inspection to another company with more expertise.
  2. Evaluate the attributes of the population.
  3. Inspect a sample of the satellites.
  4. Decrease the cost of quality.
Correct Answer

Q9. Lucy is managing a high-tech software development project. She has luckily acquired the organization’s best performing employees. However, the project team is not communicating effectively, causing delays. The project communications plan is in place, but it seems as if the employees are not following it. The communications plan lays out the communications requirements but does not explicitly assign responsibilities. What should Lucy do first? (Assume that all the following actions need to be taken at some stage.)

  1. Persuade the team to follow the plan
  2. Motivate the team to effectively communicate
  3. Set and manage expectations
  4. Resolve conflicts to prevent disruptive behavior
Correct Answer

Q10. What is a common result of poor project planning?

  1. Wasted effort
  2. Lost time
  3. Increased cost
  4. All of the above
Correct Answer










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