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Project Management Question Bank
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Question:

Your company is undergoing a change in ownership and the new owners are looking at the total cost of a new product. Which of the following would BEST provide that information?
  1. Estimate at completion
  2. Life cycle cost
  3. Earned value
  4. Net present value






Q2. A project manager has access to a tremendous amount of historical information on a pr and charts it over time. Which of the following is the project manager MOST likely to use?

  1. Benchmarking
  2. Trend analysis
  3. Variance analysis
  4. Decision trees
Correct Answer

Q3. An activity needs more time because an identified risk has occurred. The project manager determines that there is enough reserve to accommodate the change. Who needs to approve the change?

  1. Management
  2. Project manager
  3. Team member
  4. Functional manager
Correct Answer

Q4. You are in the final phase of a low-cost car manufacturing project. This project has successfully delivered a low-cost car that runs on batteries. However, to close this project and avoid auditing from government authorities, it must demonstrably comply with many administrative standards. Since your organization possesses experts who know closing procedures and standards, you want to use them to close this project. This effort is an instance of:

  1. Using enterprise environmental factors in closing the project
  2. Using expert judgment in closing the project
  3. Using organizational process assets in closing the project
  4. Poor project management practice
Correct Answer

Q5. A project manager in a seller organization discovered that certain deliverables had been delivered to the buyer without undergoing proper testing. Recalling the deliverables will result in a cost overrun on the project. What should the project manager do in such a case?

  1. Recall the deliverables even though there will be a cost overrun.
  2. Terminate the project.
  3. Approach management to obtain additional funding to handle the potential cost overrun.
  4. Wait for the procuring organization to get back with their list of defects in the deliverables.
Correct Answer

Q6. A team member notifies you, after the fact, that she has added extra functionality to the project. There was no impact on the cost or schedule. What should be done as a result of this change?

  1. Inform the customer
  2. Make sure marketing is aware of the change
  3. Understand what functionality was added
  4. Implement change control processes to track the change
Correct Answer

Q7. You are developing a quality management plan for your project. During the planning process, one of your team members tells you that, in the past, the organization has completed a similar project. You start to review the old project and find that some of its quality metrics can be used in your project as well. This technique is known as:

  1. Reviewing organization process assets
  2. Benchmarking
  3. Process analysis
  4. Prototyping
Correct Answer

Q8. During the review of a control chart, you observe that the limit for one deliverable is below the lower control limit but above the specification limit. What will your next step be?

  1. As it is within the specification limits, no action will be taken
  2. You will take corrective action
  3. You will replace the product
  4. You will adjust the control limits
Correct Answer

Q9. Which of the following payments on an international project is unacceptable?

  1. Offering to pay the country officials for not awarding the project to a particular company
  2. Payment for mail service
  3. Payment for a “foreign workers application license” required in the country
  4. Payment for police protection.
Correct Answer

Q10. Which of the following BEST describes how a work breakdown structure can be used to determine resources?

  1. The WBS breaks the project into one-person activities
  2. The small work packages that the WBS provides make it easier to determine what expertise is needed.
  3. It lists the names of the resources to be used.
  4. It enables management to list the resource hierarchy.
Correct Answer










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