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Project Management Question Bank
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Question:

The sponsor and the project manager are discussing what type of contract the project manager plans to use on the project. The buyer points out that the performing organization spent a lot of money hiring a design team to come up with the design. The project manager is concerned that the risk for the buyer be as small as possible. An advantage of a fixed price contract for the buyer is:
  1. Cost risk is lower
  2. Cost risk is higher
  3. There is little risk
  4. Risk is shared by all parties.






Q2. You are managing a project that has a task to translate several pages of a document into Spanish. This is similar to a project done last year when a document was translated into German. You are not sure how long it will take to translate into Spanish, so you look at the project plan from the German translation and use that activity duration for your current project. What type of estimating is this an example of?

  1. Hypothesis
  2. Parametric Estimating
  3. Analogous Estimating
  4. What-if Scenario Analysis
Correct Answer

Q3. 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

Q4. You are managing a fund-raising golf tournament that has a hole-in-one contest. However, your company cannot afford to pay the $1,000,000 award if someone does get a hole in one, so it has elected to take out an insurance policy in the event someone does get lucky. This is an example of:

  1. Sharing
  2. Mitigation
  3. Transference
  4. Avoidance
Correct Answer

Q5. Vendor selection, vendor management, and documentation of lessons learned are tasks that fall under this process:

  1. Procurement management
  2. Deliverable management
  3. Conduct Procurements
  4. Scope management
Correct Answer

Q6. An activity has an early start (ES) of day 3, a late start (LS) of day 13, an early finish (EF) of day 9, and a late finish (LF) of day 19. The activity:

  1. Is on the critical path
  2. Has a lag
  3. Is progressing well
  4. Is not on the critical path 55
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 project manager has received activity duration estimates from his team. Which of the following does he need in order to complete the Develop Schedule process?

  1. Change requests
  2. Schedule change control
  3. Recommend corrective actions
  4. Reserves
Correct Answer

Q9. Your company is purchasing the services of a consultant. You own stock in one of the consulting companies interested in the work. What should you do?

  1. Work hard to get the consulting company selected for the project.
  2. Tell your manager and remove yourself from the selection committee.
  3. Tell the people from the consulting company that you hope they get the work.
  4. Keep the information to yourself.
Correct Answer

Q10. Instead of celebrating the end of the project, the stakeholders are breathing a sigh of relief. None of them were confident the product would meet the end date. Which of the following is NOT one of the reasons this project had difficulty?

  1. Lack of payback period
  2. Lack of milestones
  3. Lack of a communications management plan
  4. Lack of a staffing management plan
Correct Answer








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