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Project Management Question Bank
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Question:

Laurence is the PMO manager at ANZ Company. The CEO of the company asked Laurence to review the business requirements and develop the current year’s capital management plan. The capital management plan will outline the key business deliverables (capital projects) and will go to the board for final approval. Which of the following organizational artifacts should Laurence review to analyze the business requirements for the current fiscal year?
  1. Lessons Learned
  2. Capital budget for the current year
  3. Organizational Process Assets
  4. Organizational Strategy






Q2. Robert’s project is a high-priority project for his organization. Project stakeholder engagement is crucial for the project’s success. Robert needs to discuss the project stakeholder engagement levels with his project team on a regular basis. Which of the following is the best platform where Robert can review this with his team?

  1. Phase gates
  2. Project status review meetings
  3. Kill points
  4. Information management system
Correct Answer

Q3. Which of the following is CORRECT concerning a change management plan?

  1. It should include a method for controlling schedule
  2. It is better if it focuses on cost
  3. It is better if it concentrates on risk
  4. It should be created during the executing process group.
Correct Answer

Q4. A project manager wants to decrease costs on a project that a consultant is completing for her company. What costs should the project manager consider to accomplish this?

  1. Variable and fixed
  2. Variable and direct
  3. Fixed and indirect
  4. Direct and indirect
Correct Answer

Q5. Nancy’s project is 80 percent complete. Which of the following project documents is least likely to be updated during the Monitor Stakeholder Engagement process performed at this stage?

  1. Project charter
  2. Risk register
  3. Stakeholder register
  4. Issue log
Correct Answer

Q6. You are a project manager for a small construction project. Your project was budgeted for US $72,000 over a six-week period. As of today, you have spent US $22,000. The earned value is US $24,000. According to your schedule, you should have spent US $30,000 by this time. Based on these circumstances, your project could be BEST described as:

  1. Ahead of schedule
  2. Behind schedule
  3. On schedule
  4. Having not enough information provided.
Correct Answer

Q7. The stakeholder engagement plan is a subsidiary plan of the project management plan. It includes the strategies required to effectively engage project stakeholders. An ineffective stakeholder engagement strategy can lead to project failure. The stakeholder engagement plan:

  1. Must be formal and highly detailed
  2. Must be formal but broadly framed
  3. Can be formal or informal but must be highly detailed
  4. Can be formal or informal, highly detailed or broadly framed
Correct Answer

Q8. You are constructing an office building for your client. You decide to outsource painting and electric work from a third party. You create a detailed work description and ask bidders to apply for this part of the project. The document you just prepared is known as:

  1. Procurement SOW
  2. RFQ
  3. RFP
  4. Requirement document
Correct Answer

Q9. Projects are often started as a result of an external factor such as market demand for a new product, a new legislative or regulatory mandate, or a change in technology. This results in the creation of ______ by an entity or organization external to the project.

  1. The project charter
  2. The WBS
  3. The project budget
  4. The RACI chart
Correct Answer

Q10. You are working on a large construction project that is progressing within the baselines. Resource usage has remained steady, and your boss has just awarded you a prize for your performance. One of your team members returns from a meeting with the customer and tells you that the customer is not happy with the project progress. What is the FIRST thing you should do?

  1. Tell your manager
  2. Complete a team building exercise and invite the customer’s representatives
  3. Change the schedule baseline
  4. Meet with the customer to uncover details.
Correct Answer










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