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Project Management Question Bank
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Question:

Allocating ownership of a risk to a third party who is best able to capture the opportunity is an example of ________ the risk.
  1. Sharing
  2. Enhancing
  3. Exploiting
  4. Accepting






Q2. What conflict resolution technique is a project manager using when he says, “I cannot deal with this issue now!”

  1. Problem solving
  2. Forcing
  3. Withdrawal
  4. Compromising.
Correct Answer

Q3. The Project Scope Management Knowledge Area is primarily concerned with:

  1. Defining the scope of work that included in the project
  2. Ensuring that the project includes all the work required, and only the work required, to complete the project
  3. The scope of work required during the initiation phase
  4. Defining the specifications and functionality of the work product
Correct Answer

Q4. A good friend at work tells you that when his wife was diagnosed with cancer, he stole items from work and sold them, using the money for her treatment. He has since paid back the money taken, in ways that kept his theft secret. Ethically, what should you do?

  1. Advise your friend to tell his company and do nothing
  2. Report him to his manager
  3. Talk with a lawyer to see if this can be justified
  4. Attempt to gather evidence to determine whether or not the theft in fact occurred.
Correct Answer

Q5. You have been given a multi-year project to build a refinery. This is a very large and complex project, and you now need to estimate the cost for this project. What basic assumption will you need to make while estimating the cost for this project?

  1. If you get the project budget in phases
  2. You will be given all costs and resources at the beginning of the project
  3. Whether the estimate will be limited to direct costs or if it will include the indirect costs as well
  4. If the project schedule is fixed or based on events
Correct Answer

Q6. You are the project manager for one part of a new program in your organization. You are four months into a three-year project when your project team makes significant discoveries on your project. What is the BEST thing to do?

  1. Make certain the discoveries are included in the project lessons learned
  2. Make certain the discoveries are in the monthly status report.
  3. Make certain you mention the discoveries at the senior management meeting in two months
  4. At the weekly meeting, make certain you tell the other project managers involved in this program about the discoveries.
Correct Answer

Q7. The State of New York has contracted with your company to provide a claims payment system for Medicaid benefits. In the contract, a clause states that the State of New York can review your work processes and deliverables. This is an example of:

  1. Performance Report
  2. Record Management System
  3. Deliverables Checklist
  4. Inspections and Audits
Correct Answer

Q8. Which of the following is CORRECT concerning a change management plan?

  1. It should include a method for controlling schedule
  2. It is better if it focuses on cost
  3. It is better if it concentrates on risk
  4. It should be created during the executing process group.
Correct Answer

Q9. A technique that calculates multiple project durations with different sets of activity assumptions and variables is:

  1. Process Analysis
  2. Theoretical Analysis
  3. Simulation
  4. Effect Analysis
Correct Answer

Q10. Various tools and techniques determine project requirements during the Collect Requirements process. These requirements form the basis for defining the project scope. One of the responsibilities of a project manager is to identify key project deliverables during this exercise. Where are the key project deliverables documented?

  1. Scope Management Plan
  2. Requirements Management Plan
  3. Project Scope Statement
  4. Accepted Deliverables
Correct Answer










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