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Project Management Question Bank
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Question:

A decision tree is a Perform Quantitative Risk Analysis technique. A decision tree is represented by a Decision Tree Diagram. The decision tree describes a situation under consideration, the implications of each of the available choices, and the possible scenarios. A Decision Tree Diagram shows how to make a decision among alternative capital strategies known as:
  1. Alternative nodes
  2. Question points
  3. Decision nodes
  4. Checkpoints






Q2. A project manager is working on her first project that uses people from outside her country. Which of the following would be the MOST important thing to expect to occur?

  1. Added costs due to shoddy or incomplete work
  2. Language or cultural differences that preclude effective team work
  3. Increased resource planning and coordination activities
  4. Team building activities become impractical, and the cost is prohibitive.
Correct Answer

Q3. Bill and Jake are two team members in a project. They do not get along well and are constantly involved in verbal conflicts. The project manager understands the characteristics of conflict and the conflict management process and tries to resolve the situation. Which of the following is not a correct statement?

  1. Openness resolves conflict
  2. Conflict is natural and forces a search for alternatives
  3. Conflict is inevitable in a project environment.
  4. The project manager is not responsible for conflict management.
Correct Answer

Q4. During project executing, a project team member informs the project manager that based on her observations, the project cannot meet the quality standards set for it. The project manager meets with all parties concerned to analyze the situation. Which part of the quality management process is the pr manager involved in?

  1. Manage Quality
  2. Quality analysis
  3. Perform Quality Control
  4. Plan Quality
Correct Answer

Q5. You have received an urgent call from management and they asked you to find the cost estimate of a new project. Since time is critical and you have to provide them with the cost estimate, which technique will you use to calculate the project cost?

  1. Parametric
  2. Analogous
  3. Bottom up
  4. Symmetric estimate
Correct Answer

Q6. During a cost performance review with certain senior officers from the finance department, you discover there are certain inconsistencies in the way cost performance reporting is done, and you obtain data that shows these officers are deliberately misleading senior management. What should you do?

  1. Write an anonymous letter to senior management about these activities.
  2. Bring this to the notice of senior management even though there are no formal policies in place for whistleblowers.
  3. Do nothing but make sure that the data for your project is clean.
  4. Do nothing. The corrupt behavior of the finance department officials has nothing to do with your project.
Correct Answer

Q7. Which of the following BEST describes the project manager’s role regarding project changes?

  1. Discover changes as early as possible
  2. Prevent changes that affect the project scope
  3. Prevent the addition of profit in sellers’ changes
  4. Have the sponsor approve all changes
Correct Answer

Q8. When do stakeholders have the MOST influence on a project?

  1. At the beginning of the project
  2. In the middle of the project
  3. At the end of the project
  4. Throughout the project
Correct Answer

Q9. To assist with the selection of a supplier for a large procurement on your project, you have hired a consultant. The consultant has prepared an independent estimate to be used as a benchmark while reviewing bids on the RFP. The independent estimate is confidential and is not shared with any bidders. When the sealed bids are opened, you discover that only one supplier has submitted a quote lower than the independent estimate. All other quotes are 45 percent to 70 percent higher than the benchmark. While discussing this development with members of the project team, you learn a distant relative of the consultant owns the company with the lowest bids. What is the best course of action?

  1. Confirm the lowest bidder has understood the requirements and award them the contract
  2. Since one of the suppliers knows more than others, you must disclose the independent estimate to all others to be fair
  3. Disqualify the lowest bidder
  4. Review the RFP specifications and requirements
Correct Answer

Q10. Analogous estimating:

  1. Uses bottom-up estimating techniques
  2. Is used most frequently during the executing processes o the project.
  3. Use top-down estimating techniques
  4. Uses actual detailed historical costs
Correct Answer










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