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Project Management Question Bank
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Question:

The engineering department has uncovered a problem with the cost accounting system and has asked the systems department to analyze what is wrong and fix the problem. You are a project manager working with the cost accounting programs on another project. Management has issued a change request to the change control board to add the new work to your project. Your existing project has a cost performance index (CPI) of 1.2 and a schedule performance index (SPI) of 1.3 so you have some room to ad work without delaying your existing project. After some analysis, you determine that the new work and existing work do not overlap and can be done concurrently. They also require different skill sets. Which of the following is the BEST thing to do?
  1. Develop Project Charter
  2. Re-estimate the project schedule with input from the engineering department
  3. Verify the scope of the new work with the help of the stakeholders
  4. Identify specific changes to the existing work.






Q2. Lucy is currently preparing a high-level cost estimate for her project in the initiation phase. With the limited detail available to her, what would you expect the range of her estimate to be, and what would you call such an estimate?

  1. -25 to +25%, Absolute Cost
  2. -5 to +10%, Narrow
  3. -1 to +1%, Definitive
  4. -25 to +75%, Rough Order of Magnitude
Correct Answer

Q3. Which of the following PMBOK processes is about using existing knowledge and creating new knowledge to achieve the project’s objectives and contribute to organizational learning?

  1. Use Project Knowledge
  2. Create Project Knowledge
  3. Contribute Project Knowledge
  4. Manage Project Knowledge
Correct Answer

Q4. The business case to justify a project typically contains:

  1. The project's BAC and ETC
  2. Identification of alternatives
  3. Project WBS
  4. Variance Analysis
Correct Answer

Q5. Activities in the Define Activities process should meet:

  1. The WBS layout
  2. Cost incentives
  3. Schedule objectives
  4. Project objectives
Correct Answer

Q6. All of the following are examples of Perform Quality Control EXCEPT:

  1. Inspection
  2. Cost of quality
  3. Pareto chart
  4. Fishbone diagram
Correct Answer

Q7. A project manager is in the process of scope verification of a deliverable with the customer. What is the MOST important thing the project manager should ensure?

  1. Accuracy
  2. Timeliness
  3. Acceptance
  4. Completeness 7
Correct Answer

Q8. Which part of the risk management process receives input from risk response owners?

  1. Identify Risks
  2. Perform Qualitative Risk Analysis
  3. Perform Quantitative Risk Analysis
  4. Plan Risk Responses.
Correct Answer

Q9. Which of the following tools helps in determining the gaps between the current and desired stakeholder engagement levels?

  1. Stakeholder register
  2. Monte Carlo analysis
  3. Stakeholder engagement assessment matrix
  4. Fishbone diagram
Correct Answer

Q10. A project manager is managing a project in which there are teams located in remote locations in order to obtain cost savings. This is in accordance with organizational guidelines that require that at least 25 percent of the work should be done from a remote location. This is an example of:

  1. A constraint
  2. A necessity
  3. A choice
  4. An assumption
Correct Answer








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