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Project Management Question Bank
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Question:

A seller entered into a contract with a buyer. At the end of the project, the seller was reimbursed for the cost of the project but received a low fee based on certain subjective criteria that were specified in the contract. What type of contract is this likely to be?
  1. Cost Plus Fixed Fee (CPFF) contract
  2. Fixed Price Incentive Fee (FPIF) contract
  3. Cost Plus Incentive Fee (CPIF) contract
  4. Cost Plus Award Fee (CPAF) contract






Q2. The sponsor and the project manager are discussing what type of contract the project manager plans to use on the project. The buyer points out that the performing organization spent a lot of money hiring a design team to come up with the design. The project manager is concerned that the risk for the buyer be as small as possible. An advantage of a fixed price contract for the buyer is:

  1. Cost risk is lower
  2. Cost risk is higher
  3. There is little risk
  4. Risk is shared by all parties.
Correct Answer

Q3. Based on the chart, what activities must be completed before activity H can start?

  1. Activity B and activity E
  2. Activity A, activity D, and activity G
  3. Activity B, activity C, and activity E
  4. Activity C and activity E
Correct Answer

Q4. A project manager for a small construction company has a project hat was budgeted for US $130,000 over a six-week period. According to her schedule, the project should have cost US $60,000 to date. However, it has cost US 90,000 to date. The project is also behind schedule, because the original estimates were not accurate. Who has the PRIMARY responsibility to solve this problem?

  1. Project manager
  2. Senior management
  3. Project sponsor
  4. Manager of the project management office
Correct Answer

Q5. A project manager is creating a risk response plan. However, every time a risk response is suggested another risk is identified that is caused by the response. Which of the following would be the BEST thing for the project manager to do?

  1. Document the new risks and continue the Plan Risk Responses process.
  2. Make sure the project work is better understood.
  3. Get more people involved in the Identify Risks process since risks have been missed.
  4. Spend more time making sure the risk responses are clearly defined.
Correct Answer

Q6. In quality terms, one of the meanings of “out of control” is:

  1. Someone on the team is upset
  2. A data point on a control chart falls inside the upper or lower control limit.
  3. Several data points on the same side of the mean within the upper and lower control limits.
  4. A data point is within 1 sigma.
Correct Answer

Q7. You are the project manager responsible for building a 100,000-squarefoot data center. One of the scheduled activities in your plan is to install the Computer Room Air Conditioning (CRAC) units. However, a raised floor must be installed in the data center before installation of the units can begin. This is an example of what type of precedence relationship?

  1. Finish to Finish
  2. Start to Finish
  3. Start to Start
  4. Finish to Start
Correct Answer

Q8. Dina, the project manager of a hardware project, is performing a structured review of the procurement process. She would like to examine each document from the Plan Procurement Management process through the Control Procurements process to identify failures. What tool should Dina use?

  1. Procurement audits in the control procurements process
  2. Performance reports in the conduct procurements process
  3. Negotiated settlements in the control procurements process
  4. Procurement audits in the conduct procurements process
Correct Answer

Q9. The most detailed level of the WBS is the _______________ .

  1. Control Account
  2. Work package
  3. Scope statement
  4. Accepted Deliverable
Correct Answer

Q10. You are in a process whose objective is outlining and guiding team selection and responsibility assignment to obtain a successful team. Which of the following is an output of this process?

  1. Virtual team
  2. Human resource management plan
  3. Project staff assignments
  4. Change request
Correct Answer










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