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Project Management Question Bank
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Question:

In which of the following contract types does the seller have the most cost risk?
  1. Fixed price incentive fee (FPIF)
  2. Time and material (T&M)
  3. Cost plus award fee (CPAF)
  4. Cost plus percentage of costs (CPPC).






Q2. The project manager is trying to recall a stakeholder's preferred communication method. Where can she find that information?

  1. RACl chart
  2. Stakeholders engagement assessment matrix
  3. Stakeholder management plan
  4. Human resource management plan 44
Correct Answer

Q3. You are halfway through a major network rollout. There are 300 locations in the United States, with another 20 in England. A software seller has just released a major software upgrade for some of the equipment being installed. The upgrade would provide the customer with functionality they requested that was not available at the time the project began. What is the BEST course of action under these circumstances?

  1. Continue as planned, your customer has not requested a change
  2. Inform the customer of the upgrade and the impacts to the project’s timeline and functionality if the upgrade is implemented
  3. Implement the change and adjust the schedule as necessary because this supports the customer’s original request
  4. Implement the change to the remaining sites and continue with the schedule.
Correct Answer

Q4. You are in the middle of a major new facility construction project. The structural steel is in place and the heating conduits are going into place when a senior manager informs you that he is worried that the project will not meet the quality standards. What should you do in this situation?

  1. Assure senior management that during the Plan Quality process it was determined that the project would meet the quality standards
  2. Analogously estimate future results.
  3. Form a quality assurance team
  4. Check the results from the last quality management plan.
Correct Answer

Q5. A project manager discovers a defect in a deliverable due to the customer under contract today. The project manager knows the customer does not have the technical understanding to notice the defect. The deliverable meets the contract requirements, but it does not meet the project manager’s quality standard. What should the project manager do in this situation?

  1. Issue the deliverable, and get formal acceptance from the customer.
  2. Note the problem in the lessons learned so that future projects do not encounter the same problem.
  3. Discuss the issue with the customer
  4. Inform the customer that the deliverable will be late.
Correct Answer

Q6. In which part of the cost management process is earned value (EV) used?

  1. Performance measurement analysis and variance management
  2. Forecasting and project performance reviews.
  3. Creating the cost baseline and the cost control system
  4. Reserve analysis and cost aggregation
Correct Answer

Q7. A project manager is starting work on a complex project. There will be people from two different countries involved. The project sponsor is from a third country, and the work is being done on an expedited schedule in your country with 14 electrical engineers, 4 architects and their staffs, 3 mechanical engineers, and 2 maintenance experts. What should the project manager do to make sure all the work in this project is identified?

  1. Create a clear management plan, and put it in writing.
  2. Create a WBS with input from all parties involved.
  3. Identify the laws of each country involved.
  4. Create a scope control system.
Correct Answer

Q8. You are working on a project to build a canal for irrigation purposes. Six months have passed, and now the team is working as a well-organized unit. Team members are interdependent, working smoothly, and working effectively. What team formation stage is this?

  1. Performing
  2. Storming
  3. Norming
  4. Forming
Correct Answer

Q9. Due to corporate restructuring, the project sponsor, a major stakeholder, and the CEO have level the company. The project manager’s project is past the halfway point and the remaining members of the management team have been lukewarm toward the project. The new CEO does not place a high value on project management methodology, and the project team is nervous about its future. Under these circumstances, what is the project manager’s primary responsibility?

  1. Try to determine if the tea should continue to work on the project.
  2. Ensure that a conflict of interest does not compromise the legitimate interests of the customer.
  3. Interact with others in a professional manner while completing the project.
  4. Provide accurate and truthful representations in all project reports.
Correct Answer

Q10. The BEST method to control costs is to:

  1. Estimate at the beginning of the project and then check costs against the baseline
  2. Estimate during the execution of the project and then manage each activity to the budget.
  3. Estimate during planning and then re-estimate before each activity begins
  4. Estimate during the initiation of the project and have management confirm the estimates.
Correct Answer










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