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Project Management Question Bank
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Question:

Variance Analysis is an important tool used in the Control Costs process. Which of the following statements regarding variances is correct?
  1. The percentage range of acceptable variances will tend to increase as more work is accomplished.
  2. The percentage range of acceptable variances will tend to decrease as more work is accomplished.
  3. The percentage range of acceptable variances is high at the start of a project, tends to decrease in the middle of a project, and then tends to increase as the project nears completion.
  4. The percentage range of acceptable variances is a constant all through the project.






Q2. A manager asked to see a list of milestones in the project. This would be available as an output from the:

  1. Sequence Activities process
  2. Define Scope process
  3. Estimate Activity Durations process
  4. Define Activities process
Correct Answer

Q3. You are responsible for IT maintenance in your organization. The head of the IT department comes to you with an internet security expert and tells you to disable auto login and force authentic login based on a new password. The password will be 15 characters long and consist of letters, numerals, and one special character, and this password must expire after every 30 days. This is an example of:

  1. Operation
  2. Project
  3. Maintenance
  4. None of the above
Correct Answer

Q4. While applying the logical relationships to the project activities, a project manager must be careful not to:

  1. Have closed loops relationships between activities
  2. Have FF relationships for the critical activities
  3. Have FS relationships for the non-critical activities
  4. Select the relationship with the highest impact
Correct Answer

Q5. Your project sponsor has asked you to present your project’s high-level risk register to him in the next project update meeting. To create your high-level risk register, which of the following processes must be performed?

  1. Plan Risk Management
  2. Perform Qualitative Risk Analysis
  3. Identify Risks
  4. Monitor Risks
Correct Answer

Q6. Which of the following is a benefit of an analogous project estimate?

  1. The estimate will be closer to what the work will actually require
  2. It is based on a detailed understanding of what the work requires
  3. It gives the project team an understanding of management’s expectations
  4. It helps the project manager determine if the project will meet the schedule.
Correct Answer

Q7. A risk with a positive outcome is an ___________.

  1. Unlikely risk
  2. Objective risk
  3. Opportunity
  4. Obsolete risk
Correct Answer

Q8. You are the Project Manager for the production of an exotic car. You have completed the Define Scope process for your project. Which of the following may be generated through this process?

  1. Project scope statement, project charter
  2. Project scope statement, updates to requirements traceability matrix
  3. WBS, updates to requirements traceability matrix
  4. Project scope statement, WBS
Correct Answer

Q9. Which of the following is not an input to the Develop Project Charter process?

  1. Agreements
  2. Business Case
  3. Benefits management plan
  4. Stakeholder register
Correct Answer

Q10. One key characteristic of adaptive lifecycles, such as the agile approach for product development, is that product features are developed using:

  1. Sandwiched periods of effort
  2. Squeezed periods of zero-error sprints
  3. Reverse engineered products
  4. Time-boxed periods of work
Correct Answer








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