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Project Management Question Bank
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Question:

What does the following sentence refer to? “The point where the benefits or revenue to be received from improving quality equals the incremental cost to achieve that quality.”
  1. Quality control analysis
  2. Marginal analysis
  3. Standard quality analysis
  4. Conformance analysis






Q2. Which motivational theory defines the hierarchy of needs?

  1. Maslow
  2. Deming
  3. McGregor
  4. Herzberg
Correct Answer

Q3. During the completion of the project work, a project manager wants to ensure that the quality of the end product is acceptable. The BEST way to do this is by:

  1. Checking quality against the standards set in the quality management plan
  2. Identifying the quality standards you want the end product to meet
  3. Performing cost-benefit analysis
  4. Determining the cause of a problem using a fishbone diagram.
Correct Answer

Q4. Configuration management tool selection should be based on the needs of the project stakeholders including organizational and environmental considerations and/or constraints. Which of the following is not a key configuration management consideration while selecting an appropriate configuration management tool for a project?

  1. Identification and selection of configuration items.
  2. Recording and reporting of configuration item status.
  3. Configuration item verification and audit.
  4. Procedures for accepting and rejecting change requests.
Correct Answer

Q5. Martin is the project manager of a project that is in an early phase. He needs to estimate costs but finds that he has a limited amount of detailed information about the project. Which of the following estimation techniques is least suited to his requirements?

  1. Top-down Estimating
  2. Bottom-up Estimating
  3. Analogous Estimating
  4. Budgetary Estimating
Correct Answer

Q6. You are finishing the prototype that was planned as a risk mitigation strategy when you find out that the benefit cost ratio (BCR) has been improved and the project cost performance index (CPI) is 1.03. The standard deviation on the project time estimate has decreased and you discover that the prototype, already almost finished, can fulfill the needs of another project requirement as well. What should you do FIRST?

  1. Look for ways to help get the prototype accepted faster and thus cut cost
  2. Compress the project to get it completed faster using the prototype
  3. Review the benefits of the project with the customer and determine if the prototype will improve the benefits
  4. Look for the risk impacts of fulfilling another requirement with the prototype.
Correct Answer

Q7. The network expansion project you just took over is said to be doing pretty well. The previous project manager only used variances to tell the current project status. In the last report you find SV = US $50,000, CV = US $10,000, PV = US $500,000. You know the rate of spending and schedule progress are important as well. Based on the details you have been given what are the SPI and CPI?

  1. 0.90, 1.02
  2. 1.10, 1.02
  3. 0.91, 0.98
  4. 1.11, 0.98
Correct Answer

Q8. The transition from one phase to another within a project's lifecycle (e.g., from design to manufacturing) is typically marked by:

  1. Kill point
  2. Monte Carlo
  3. Constraint
  4. Decision tree
Correct Answer

Q9. The requirements of many stakeholders were not approved for inclusion in your project. Therefore, you had a difficult time receiving formal approval of the project management plan for this project. The stakeholders argued and held up the project while they held meeting after meeting about their requirements. The project was finally approved and work was begun six months ago. All of the following would be good preventive actions to implement EXCEPT:

  1. Keep a file of what requirements were not included in the project.
  2. Make sue the change control process is not used as a vehicle to add back the requirements into the project.
  3. Maintain an issue log.
  4. Hold meetings with the stakeholders to go over the work that will not be added to the project.
Correct Answer

Q10. The project manager has worked closely with the team to come up with contingency plans. Which of the following BEST describes contingency plans?

  1. Planned responses to risk events
  2. Planned risk control procedures
  3. Planned workarounds
  4. Planned responses based on probability analysis.
Correct Answer










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