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Project Management Question Bank
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Question:

Though it was difficult, the project manager received agreement to the project charter from all four sponsors involved on the project and the US $400,000 project was approved. Now the cost variance for the project is -$500 and the last performance review was positive. Just when the project entered its second phase, a team member on a noncritical path activity announced she was leaving the company. The float of activity L changed from two to four days. Only one unidentified risk has occurred with a minor impact. The last quality review showed that the project has made use of the results of the last design of experiments. Based on this information, what should the project manager do NEXT?
  1. Complete closure of the first phase
  2. Fast track the project to add more float
  3. Review the management plans
  4. Investigate additional risks caused by the difficulty with the senior managers.






Q2. You are sitting with your team members and experts in a room and defining the definition of probability of events occurring and the impact. What process is this?

  1. Identify risks
  2. Perform qualitative risk analysis
  3. Plan risk management
  4. Plan risk responses
Correct Answer

Q3. The project manager had to request a change in the approved project budget because the WBS did not contain some work that needed to be done. Which of the following is the BEST thing to do as a result of this situation?

  1. Redo the WBS and look for more missing scope.
  2. Ask for a time extension
  3. Redo the change control system
  4. Recalculate the project scope variance
Correct Answer

Q4. Which of the following payments on an international project is unacceptable?

  1. Offering to pay the country officials for not awarding the project to a particular company
  2. Payment for mail service
  3. Payment for a “foreign workers application license” required in the country
  4. Payment for police protection.
Correct Answer

Q5. In an activity-on-node diagram, the nodes represent:

  1. Work packages
  2. Activities
  3. Dependencies
  4. Discretionaries 40
Correct Answer

Q6. What type of method uses a weighting ranking system for quantifying qualitative data to minimize the effect of personal bias during the process of selecting a seller?

  1. Independent estimates
  2. Source Selection Criteria
  3. Vendor audits
  4. Sourcing workshops
Correct Answer

Q7. The Project Charter defines the high level scope and objectives of a project. Which of the following is not a correct statement about inputs to the Project Charter?

  1. Government or industry standards cannot be used as an input to develop a project charter.
  2. The project's business case is an input to the Develop Project Charter process.
  3. Organizational process assets are input to the Develop Project Charter process.
  4. When projects are executed for external customers, a contract or an agreement is used as an input to the charter.
Correct Answer

Q8. What is another name for the waiting time between two activities?

  1. Free float
  2. Total float
  3. Lag
  4. CPM
Correct Answer

Q9. All of the following relate to controlling the schedule EXCEPT:

  1. Value analysis
  2. Crashing
  3. Float
  4. Mandatory dependencies 66
Correct Answer

Q10. All of the following are inputs to the Plan Quality process EXCEPT:

  1. Enterprise environmental factors
  2. The project scope statement
  3. The schedule baseline
  4. Project work results
Correct Answer








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