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Project Management Question Bank
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Question:

You are managing a heavy equipment manufacturing project that involves many mechanical, electrical, and IT staff. Your team prepared a schedule network diagram using duration estimates with dependencies and constraints. Your team also calculated the critical path for the project using late and early values. Today, your project office has indicated to you that some of the resources you had planned for the project will be unavailable. To deal with this, you explore the possibility of modifying the schedule to account for limited resources. What is your best possible step in such a situation?
  1. Recalculate critical path after applying the resource constraints
  2. Perform Resource Leveling to account for limited resources
  3. Use crashing or fast tracking to level resources across the project
  4. Apply leads and lags to develop a viable schedule






Q2. What is the difference between expected monetary value and net present value?

  1. Expected value is the estimated value of the work actually accomplished and net present value is the value of the work to be done.
  2. Expected value is the value it takes to recover your investment and net present value is the value of money.
  3. Expected value is the probability times impact of an opportunity and net present value is the benefits less costs over many time periods.
  4. Expected value is the estimated value of risk response plans and net present value helps determine the value of investments.
Correct Answer

Q3. A rough order of magnitude estimate is made during which project management process group?

  1. Planning
  2. Closing
  3. Executing
  4. Initiating
Correct Answer

Q4. What is the duration of a milestone?

  1. Shorter than the duration of the longest activity
  2. Shorter than the activity it represents
  3. There is no duration
  4. Same length as the activity it represents
Correct Answer

Q5. During the Define Activities process, a team member begins to discuss activities that the project manager has never heard discussed. What should the project manager do?

  1. Make sure he has a good understanding of the activities and include the activities in the activity list.
  2. Ask the team member to explain why such activity would be needed to complete the work package
  3. Make sure the entire team agrees that the activities should be done
  4. Evaluate the impact of the change.
Correct Answer

Q6. As per the chart, the resource completing activity E is not performing very well. After much argument, the functional manager agrees to assign a different resource to activity E, but this will increase activity E’s duration to seven months. What is the effect of this change?

  1. None, because activity E was not on the critical path
  2. The project will be delayed because activity E is on the critical path
  3. The project will be delayed because activity E has float of five
  4. None, because activity E has float of four.
Correct Answer

Q7. During which of the following project processes do key stakeholders engage with the project for the first time?

  1. Develop Project Charter
  2. Identify Stakeholders
  3. Collect Requirements
  4. Plan Stakeholder Engagement
Correct Answer

Q8. Once a risk response is created, which of the following statements BEST describes the project manager’s role regarding risks while the project work is being completed?

  1. Take actions when identified risks occur.
  2. Look for unexpected impacts of implemented risk responses.
  3. Implement planned work-arounds.
  4. Make sure that risk responses are assigned to identify risks.
Correct Answer

Q9. You realize that you have made an error in your monthly status meeting. Therefore, you send stakeholders the correct report by email. What kind of communication method are you using here?

  1. Push
  2. Pull
  3. Interactive
  4. None of the above
Correct Answer

Q10. Which of the following is the primary output of the Develop Project Team process?

  1. Change requests
  2. Staffing management plan
  3. Team performance assessment
  4. Updated issue log
Correct Answer








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