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Project Management Question Bank
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Question:

You have accepted a position at a company where you will manage a group of projects in a coordinated way. This organization specifically hired you to start a project management office to help it develop a more structured approach to project management. What should you do FIRST?
  1. Study the history of the organization
  2. Get your job description changed to either project management or project management office work, but not both
  3. Meet with key stakeholders to better understand the organization and projects.
  4. Focus on communications with your boss and other senior managers






Q2. You are in the middle of project executing and find that you are running out of money due to unanticipated changes. What is the BEST thing to do?

  1. Crash or fast track the project
  2. Ask for a change to the project budget
  3. Use resources that do not change against the project
  4. Re-evaluate the risk analysis and contingency funding
Correct Answer

Q3. Which of the following are AL items included in the cost management plan?

  1. The level of accuracy needed for estimates, rules for measuring cost performance, specifications for how duration estimates should be stated.
  2. Specifications for how estimates should be stated, rules or measuring cost performance, the level of accuracy needed for estimates
  3. Rules for measuring team performance, the level of accuracy needed for estimates, specifications for how estimates should be stated.
  4. Specifications for how estimates should be stated, the level of risk needed for estimates, rules for measuring cost performance.
Correct Answer

Q4. The customer is repeatedly requesting changes. You discover the contract does not include procedures or implementing change. There are no available funds in the customer’s budget to accommodate change. What should you do?

  1. Ask your management to use money from the company’s cost reserve.
  2. Tell the customer there is no budget for changes in the project
  3. Discuss the situation with the customer to decide how to remedy this problem
  4. Make only those changes that do not impact cost.
Correct Answer

Q5. During the project execution, a stakeholder comes to you and tells you that she suspects that some team members are not doing their tasks and are busy with other activities. You discuss her concerns with her and show her a document. After seeing it, she agrees with that the team members are doing the right job. What document was this?

  1. RACI chart
  2. GANTT chart
  3. Organizational chart
  4. WBS
Correct Answer

Q6. Your project team is having a dispute with a vendor about whether a specific task is within the project’s scope. The scope statement does not provide implementation-level details that could resolve this dispute. There is no WBS, however, because the project sponsor insisted that the project be started right away without pausing to create standard project planning documentation. Who is at fault?

  1. The project manager
  2. The project sponsor
  3. The project stakeholders
  4. The project vendor
Correct Answer

Q7. Based on the chart, how is the project doing?

  1. You are in the trouble because there are three activities with no float
  2. You have a lot of flexibility because you have activities with float
  3. You do not have enough information to make a decision
  4. Everything is fine because you have an even number of activities with and without float.
Correct Answer

Q8. While preparing your risk responses, you identify additional risks. What should you do?

  1. Add reserves to the project to accommodate the new risks and notify management.
  2. Document the risk items and calculate the expected monetary value based on probability and impact that result from the occurrences.
  3. Determine the risk events and the associated cost, and then add the cost to the project budget as a reserve.
  4. Add a 10 percent contingency to the project budget and notify the customer.
Correct Answer

Q9. A company attorney, newly hired by the company, walks into the project manager’s office and tells her that he is ready to work with her on the procurement process. The project manager has little experience with procurement, so she is excited to have the assistance. With which of the following would it be BEST for the project manager to ask the attorney to help?

  1. Claims administration, audit results, and updating organizational process assets.
  2. Contract change control system, payments, and change requests.
  3. Recommend corrective actions, performance reporting, and records management system.
  4. Procurement documentation, project management plan updates, and procurement management plan updates.
Correct Answer

Q10. As a project manager, you are presented with the following information on the paycheck period for several possible projects. Which project is your BEST choice?

  1. Project A with a payback period of 6 months
  2. Project B with a payback period of 9 months
  3. Project C with a payback period of 12 months
  4. Project D with a payback period of 18 months
Correct Answer








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