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Project Management Question Bank
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Question:

A project manager wants to decrease costs on a project that a consultant is completing for her company. What costs should the project manager consider to accomplish this?
  1. Variable and fixed
  2. Variable and direct
  3. Fixed and indirect
  4. Direct and indirect






Q2. Cause-and-Effect diagrams are used to illustrate how various factors might link to potential problems or effects. They are also called:

  1. Taguchi diagrams
  2. Pareto diagrams
  3. Ishikawa diagrams
  4. Process diagrams
Correct Answer

Q3. What do the buyer and seller have in common with regard to Control Procurements?

  1. Both parties ensure that they meet their contractual obligations and that their own legal rights are protected.
  2. Both parties have specific resources that can be idle.
  3. Both parties have a contract change management plan.
  4. Each party has its own project plan and legal team.
Correct Answer

Q4. You are a project manager working on a project to create high-efficiency electric motors for a company introducing a new electric golf cart. Your company’s president is keenly interested in the project and requests a chart that shows the number of defects by type ordered by their frequency of occurrence. Which type of chart would BEST meet this request?

  1. Histogram
  2. Control chart
  3. Statistical sampling
  4. Scatter diagram
Correct Answer

Q5. You have just received an invoice from your supplier that contains some uncertified items. Payments to the supplier are processed through your corporate accounts payable system only after certification of satisfactory work by the project quality control specialist. What should you do?

  1. Process the supplier’s invoice since this is your liability
  2. Call the supplier and obtain more information
  3. Ask the supplier to stop all deliveries until the matter has a resolution
  4. Seek judicial arbitration
Correct Answer

Q6. You have recently joined an organization as the procurements manager. You have just received an invoice from a contractor. Some of the items from the invoice are as follows: EV of work completed to date: $50,000. AC of work completed to date: $40,000. Total costs reimbursed by the buyer to date: $35,000. If the contract between the buyer and the contractor is a CPIF contract, what is the total value payable to this contractor? (Assume that the contract allows for a 10 percent fee over net payable whenever CPI > 1).

  1. $500
  2. $5,500
  3. $44,000
  4. $55,000
Correct Answer

Q7. As you examine a list of job candidates for your project, you find that your cousin is one of the three shortlisted candidates. You know that she was desperately looking for a job. After reviewing the three resumes, you will send them to the electronics engineer for a technical interview. From your review of these resumes, you see that all three shortlisted candidates have similar qualifications and experiences. What should you do?

  1. To avoid conflict of interest, ignore your cousin’s resume but forward the other two resumes.
  2. Forward all three resumes.
  3. Call your cousin and conduct an informal interview yourself before forwarding the resumes.
  4. Consult your boss before forwarding the resumes for interview.
Correct Answer

Q8. You are working as a project manager for a high-yield crop development project. Data from the weather agency shows an unfavorable weather pattern for the next few months. As a senior project manager, you want to assess the schedule’s feasibility under adverse conditions and provide some insights to your team. That way, your team can prepare some reserves and plan risk responses if unfavorable conditions exist during execution. Which of the following techniques should you use to simulate risks and other sources of uncertainty to calculate possible schedule outcomes?

  1. Pareto charts
  2. Variance analysis
  3. Crashing
  4. Monte Carlo analysis
Correct Answer

Q9. Which of the following represents the value of work we have actually completed?

  1. Earned value
  2. Planned value
  3. Actual cost
  4. Estimate to complete 23
Correct Answer

Q10. Which of the following is not an input to the Develop Project Charter process?

  1. Agreements
  2. Business Case
  3. Benefits management plan
  4. Stakeholder register
Correct Answer










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