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Project Management Question Bank
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Question:

You have recently joined an organization as the procurements manager. You have just received an invoice from a contractor. Some of the items from the invoice are as follows: EV of work completed to date: $50,000. AC of work completed to date: $40,000. Total costs reimbursed by the buyer to date: $35,000. If the contract between the buyer and the contractor is a CPIF contract, what is the total value payable to this contractor? (Assume that the contract allows for a 10 percent fee over net payable whenever CPI > 1).
  1. $500
  2. $5,500
  3. $44,000
  4. $55,000






Q2. In response to a risk, the project manager meets with the team and management to develop a strategy. After discussions, they decide that it would be best to make sure the risk definitely happens. This is an example of which risk response strategy?

  1. Share
  2. Exploit
  3. Accept
  4. Enhance.
Correct Answer

Q3. About midway through the project, the project manager learns that most members of the project team are not reviewing the weekly project updates. What should the project manager do?

  1. Create a signature log so team members can indicate when they have read the project updates.
  2. Revise the communications management plan appropriately to meet the informational needs of the stakeholders.
  3. Improve the layout of the weekly project updates to encourage reading by team members.
  4. Require the reading of the project updates in order to receive any rewards on the project.
Correct Answer

Q4. Seven non-random data points that are still within the upper and lower control limit of a control chart are:

  1. Specification limits
  2. Out of control
  3. In control
  4. Gold plated
Correct Answer

Q5. As the Project Manager for Midway Carnival Rides, you are beginning the Define Scope process. Which of the following is a key input to this process?

  1. Project Scope Statement
  2. Expert Judgment
  3. Project Charter
  4. WBS
Correct Answer

Q6. In a project that was yet to begin, many of the project team members were known in advance. This is:

  1. Proactive planning
  2. Skill matching
  3. Pre-assignment
  4. Staffing assignment
Correct Answer

Q7. Which of the following graphical techniques visually depict the product scope by showing a business system and how other systems interact with it?

  1. Ishikawa diagram
  2. Histogram
  3. Influence diagram
  4. Context diagram
Correct Answer

Q8. You are in the identifying risks process. You are meeting with your team members and stated that the project may be delayed because of the late delivery of certain consumables for your project. Now you ask the team members to find ways in which this problem can occur. What technique are you using here?

  1. Assumption and constraint analysis
  2. Brainstorming
  3. Sensitivity analysis
  4. Root cause analysis
Correct Answer

Q9. You are building a mansion that will have copper roofs. The duration of the project will be approximately three years. You have built into the contract that, as the price of copper increases, your price increases as a percentage of the cost of the copper. However, all other costs are fixed. This is an example of what type of contract?

  1. Fixed Price with Economic Price Adjustment
  2. Fixed Price Incentive Fee
  3. Unit Price
  4. Time and Materials
Correct Answer

Q10. What BEST describes the role of the project team members?

  1. To perform the project’s work
  2. To approve the change requests
  3. To accept ultimate responsibility for the project’s success
  4. To authorize the project
Correct Answer








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