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Project Management Question Bank
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Question:

You are finding it difficult to evaluate the exact cost impact of risks. You should evaluate on a (n):
  1. Quantitative basis.
  2. Numerical basis.
  3. Qualitative basis.
  4. Econometric basis.






Q2. You have joined AVC Corp and are immediately assigned a project. The project charter is signed, stakeholders have been identified and now you are classifying them according to the direction of influence. Which of the following is not a way to classify the project stakeholders under this technique?

  1. Upward
  2. Downward
  3. Inward
  4. Outward
Correct Answer

Q3. You have recently joined an ongoing project and you just had a meeting with the project sponsor and other important members. Since you are new to the project, how will you know their views about the project?

  1. You will ask team members about it
  2. You will arrange a party and invite them
  3. You will try to meet them again
  4. You will look into the Stakeholder Register
Correct Answer

Q4. When writing the roles and responsibilities for team members, you should document the role, authority, responsibility, and competency for each team member. Where must you document this information?

  1. Resource management plan
  2. RACI chart
  3. Resource calendar
  4. Resource Breakdown Structure (RBS)
Correct Answer

Q5. Which of the following BEST describes the project manager’s role relating to changes?

  1. Serve the customer and do what the customer wants.
  2. Monitor and track changes to ensure they benefit the project.
  3. Influence the factors that cause changes
  4. Deny change requests whenever possible 9
Correct Answer

Q6. Costs incurred in one area of a project can offset costs in another area of the same project. However, it is not enough to consider only the costs of project execution when making project decisions. What other costs external to the project must also be considered?

  1. Costs of conformance
  2. Planning costs
  3. Operating costs
  4. Initiating costs
Correct Answer

Q7. When a project is executed under contract, the contractual provisions will generally be considered as _____________ for the project.

  1. Constraints
  2. Exclusions
  3. Deliverables
  4. Provisions
Correct Answer

Q8. While the five process groups are usually completed in order, they often overlap with each other throughout the project. Which two process groups usually do not overlap during the course of the project?

  1. Initiating and Closing
  2. Initiating and Executing
  3. Initiating and Monitoring and Control
  4. Planning and Closing
Correct Answer

Q9. The project manager has worked closely with the team to come up with contingency plans. Which of the following BEST describes contingency plans?

  1. Planned responses to risk events
  2. Planned risk control procedures
  3. Planned workarounds
  4. Planned responses based on probability analysis.
Correct Answer

Q10. Project Team A has been hired to manage a transportation project very similar to dozens of projects the team has managed successfully in the past. The team has determined that the probability of achieving project objectives is 94 percent. What part of the risk process is the team in?

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










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