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Project Management Question Bank
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Question:

After identifying the risks, you analyze them qualitatively and quantitatively to see if your risk response planning will effectively minimize the project risk or not. If not, you will tweak your risk response plan so the project risks fall within the stakeholders’ tolerance limits. Which of the following statements is correct about the quantitative risk analysis process?
  1. It is performed before qualitative risk analysis
  2. It is performed on each project
  3. Performed after qualitative risk analysis, if required
  4. None of the above






Q2. A first-time project manager is advised by an experienced project manager to plan for cost of quality. The first-time project manager is not sure which costs are included in the cost of quality. What would your advice be?

  1. Cost of quality only includes cost of nonconformance.
  2. Cost of quality includes cost of conformance and cost of nonconformance.
  3. Cost of quality only includes prevention costs and internal failure costs.
  4. Cost of quality only includes cost of conformance.
Correct Answer

Q3. Identification of new risks, reassessment of old risks, and closing of outdated risks are part of the Monitor Risks process. How often should project risk reassessment be scheduled?

  1. It depends on how the project progresses relative to its objectives.
  2. Reassessment is necessary at the 50 percent and 75 percent stages of project completion.
  3. Reassessment is necessary at the 25 percent, 50 percent, and 75 percent stages of project completion.
  4. Reassessment is necessary at the 20 percent, 40 percent, 60 percent and 80 percent stages of project completion.
Correct Answer

Q4. Crashing helps you bring the project back on schedule if it is late. Which of the following statements is true about crashing?

  1. Crashing should be done on the critical path
  2. Crashing does not increase the cost
  3. In crashing, you don’t start activities in parallel
  4. All of the above
Correct Answer

Q5. Breaking down project activities into smaller components in order to obtain a more accurate cost estimate and then aggregating the estimates of the lower-level components is:

  1. Work breakdown structure
  2. Analogous estimating
  3. Decomposition
  4. Bottom-up estimating
Correct Answer

Q6. Two people are arguing about what needs to be done to complete a work package. If the project manager wants to know what is going, she should pay MOST attention to:

  1. What is said and when.
  2. What is being said, who is saying it and the time of day.
  3. Physical mannerisms and what is being said.
  4. The pitch and tone of the voices, and physical mannerisms.
Correct Answer

Q7. Communication is the key to the success of a project. As the project manager, you have three stakeholders with whom you need to communicate. As such, you have six channels of communication. A new stakeholder has been added that you also need to communicate with. How many communications channels do you have now?

  1. 7
  2. 10
  3. 12
  4. 16
Correct Answer

Q8. You have a firm fixed price (FP) contract with a clause stating that all changes to the contract statement of work must be written. One of your team members verbally instructed the seller to ad a change that resulted in a 100 percent work package return. In this situation, what conflict management strategy should you use (as the project manager) with the team member?

  1. Punishment
  2. Problem solving
  3. Negotiating
  4. Withdrawal.
Correct Answer

Q9. A software team tracing the root cause of an application failure can use this to help determine the cause(s) of the failure:

  1. Ishikawa diagram
  2. Rummler-Brache swim lane diagram
  3. Threading analysis
  4. Deming chart
Correct Answer

Q10. The Close Project process includes all of the following EXCEPT:

  1. Analysis of project success
  2. Ensuring that records include final specifications
  3. Creating a project risk management plan
  4. A collection of project records
Correct Answer










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