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Project Management Question Bank
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Question:

Analogous Estimating is an estimation technique that uses the values of parameters such as scope, cost, budget, and duration from a previous similar activity as the basis of activity. It is frequently used for estimation when there is a limited amount of information about the project. This is a form of:
  1. Gross value estimation
  2. Function point estimation
  3. Fixed point estimation
  4. Precision Estimation






Q2. You are reviewing the response to an RFP issued by your company for a project that will last a year and exceed US$5 million. Three vendors have been shortlisted. The first, Nosteltec, Inc., is a relatively new company in this industry. It has assembled a team of industry experts with vast industry experience and qualifications. The second company, Xen Contractor, has been in business for 20 years. You and your company have a long and positive history working with this vendor. The third company is SonoNet LLC. It has been in business for 10 years and has a reputation for extensive expertise and superior delivery. They are also well-known for being one of the more expensive providers in the market. You have many relationships with the Xen Contractor staff, which you established during prior procurement contracts with this company. As a result, a project manager from Xen Contractor, with whom you are friendly both personally and professionally, calls you for clarification on a point

  1. Clarify via email
  2. Clarify via phone call
  3. Advise the vendor that the RFP is self-explanatory
  4. Send the clarification to all three vendors
Correct Answer

Q3. A new project manager has just taken over a project that is 50 percent complete. As part of the hand-over process, the outgoing project manager provided the new project manager with a list of stakeholders that needed to be managed. The list had been compiled at the start of the project. Which of the following is true about stakeholders?

  1. Stakeholder identification is usually performed when there are problems with the project
  2. Stakeholder identification needs to happen at the start of each new phase of a project
  3. Stakeholder identification is a continuous process and needs to happen all through the project
  4. Stakeholder identification needs to happen at the start of the project
Correct Answer

Q4. You are currently in a process whose main benefit is to increase support and minimize resistance from stakeholders as the project evolves and environment changes. Which is not a tool and technique of this process?

  1. Ground rules
  2. Expert judgment
  3. Document analysis
  4. Meetings
Correct Answer

Q5. Which of the following two project documents are sometimes perceived as containing a certain degree of redundancy?

  1. Project scope statement and scope management plan
  2. Project charter and project scope statement
  3. Risk management plan and scope management plan
  4. Scope statement and quality management plan
Correct Answer

Q6. Clear criteria for rewards and a planned system for their use promotes and reinforces desired behaviors in the project. Creating a recognition plan with established times for rewards ensures that recognition takes place and is not forgotten. This is usually part of the:

  1. Project Dashboard
  2. Resource Management Plan
  3. Company HR plan
  4. Communications Management Plan
Correct Answer

Q7. Which of the following is NOT a reason to measure variances from the baseline?

  1. To catch deviations early
  2. To allow early corrective action
  3. To determine if there are any wild fluctuations
  4. To create a project control system
Correct Answer

Q8. The WBS structure can be created in a number of forms except which of the following?

  1. Using work packages as the second level of decomposition, with the project deliverables inserted at the third level
  2. Using major deliverables as the second level of decomposition
  3. Using phases of the project lifecycle as the second level of decomposition, with the product and project deliverables inserted at the third level
  4. Using subcomponents, which may be developed by organizations outside the project team, such as contracted work
Correct Answer

Q9. In the procurement process, the seller may be viewed initially as a bidder, then as the selected source, and then as the contracted supplier. The seller will typically manage the work as a project. In such an instance, which of the following is not true?

  1. The buyer becomes the customer and is then a key project stakeholder for the seller.
  2. Terms and conditions of the contract become key inputs to many of the seller’s management processes (ex: major deliverables, key milestones, cost objectives).
  3. There need not be a contractual relationship between the buyer and the seller.
  4. The seller’s project management team is concerned with all the processes of project management and not just procurement management.
Correct Answer

Q10. Executing the risk response plan in order to react to risk events throughout the project is called:

  1. Contingency planning
  2. Monitoring and control
  3. Mitigation
  4. Life cycle costing.
Correct Answer










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