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Project Management Question Bank
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Question:

After identifying a risk to your project, you determine that there is a high probability of risk occurring with a low consequence. What mitigation strategy is BEST to adopt?
  1. Eliminate the consequence of the risk.
  2. Avoid the risk
  3. Add the risk to the watch list
  4. Insure against the risk.






Q2. The highest point of Maslow’s hierarchy of needs is called:

  1. Physiological satisfaction
  2. Attainment of survival
  3. Need for association
  4. Esteem.
Correct Answer

Q3. You are in the middle of your project and working on a deliverable which is 90% completed. It is time for the yearly audit. A team of auditors are about to come and verify if you are following the process as defined or not. However, as the deliverable is about to be completed, you check it and measure all dimensions to find any possible dimensional defects. What process is this?

  1. Control quality
  2. Manage quality
  3. Plan quality management
  4. Control scope
Correct Answer

Q4. You are trying to decide whether to lease or buy an item for your project. The daily lease cost is US $150. The investment cost to purchase the item is US $2,000, and the daily cost is US $50. In how many days will the lease cost be the same as the purchase cost?

  1. 10
  2. 15
  3. 20
  4. 25
Correct Answer

Q5. A project manager discovers a defect in a deliverable due to the customer under contract today. The project manager knows the customer does not have the technical understanding to notice the defect. The deliverable meets the contract requirements, but it does not meet the project manager’s quality standard. What should the project manager do in this situation?

  1. Issue the deliverable, and get formal acceptance from the customer.
  2. Note the problem in the lessons learned so that future projects do not encounter the same problem.
  3. Discuss the issue with the customer
  4. Inform the customer that the deliverable will be late.
Correct Answer

Q6. The preparation of the scope baseline can BEST be described as involving:

  1. The functional managers
  2. The project team
  3. All the stakeholders
  4. The project expediter.
Correct Answer

Q7. Which of the following enterprise environmental factors is not applicable to the Plan Resource Management process?

  1. Organizational culture and structure
  2. Existing resources, capabilities and competencies
  3. Marketplace conditions
  4. Lessons learned
Correct Answer

Q8. A project has several teams. Team C has repeatedly missed deadlines in the past. This has caused team D to have to crash the critical path several times. As the team leader for team D, you should meet with the:

  1. Manager of team D
  2. Project manager alone
  3. Project manager and management
  4. Project manager and the leader of team C
Correct Answer

Q9. The communications management plan for the project has been completed and approved by the customer when a major stakeholder requests that the project manager issue reports on the amount o testing done throughout the life of the project. However, testing is only a minor aspect of the quality control plan. It would be BEST for the project manager to:

  1. Issue the report, as this is a major stakeholder. Her needs would have been included in the staffing management plan.
  2. Not issue the report. Project resources should be expended on communication information that contributes to success.
  3. Request details of the information the stakeholder needs in the report. Provide that information to those handling the quality control function on the project.
  4. Have the stakeholders meet with the project sponsor to get the sponsor’s agreement that project funds should be expended on this effort.
Correct Answer

Q10. A construction project has a work package that could result in fatalities or long term disabilities with losses of over US $2 million. The company has had a clean record in the past and has won several safety awards. An appropriate risk response strategy is to:

  1. Post a sign that describes the number of injuries to date and remind everyone to be careful.
  2. Insure against the risk.
  3. Add classroom training on safety for the project team.
  4. Not do the work package.
Correct Answer










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