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Project Management Question Bank
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Question:

Company ABC is evaluating three consulting companies to find a consultant to perform professional services. They request information on how the three consulting companies allocate fringe benefits to their clients. What type of cost is Company ABC asking about?
  1. Variable
  2. Fixed
  3. Direct
  4. Indirect.






Q2. All of the following result from quality audits EXCEPT:

  1. Determination of whether project activities comply with organizational policies
  2. Improved processes to increase productivity
  3. Creation of quality metrics
  4. Confirmation of the implementation of approved change requests
Correct Answer

Q3. A project manager has put in place rules covering who will have access to controlled documents, how changes to these items will be recorded and approved, and how everyone will know what the current version is. The project manager is therefore creating a:

  1. Work authorization system
  2. Change control system
  3. Configuration management system
  4. Project management information system
Correct Answer

Q4. 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

Q5. A technique that iterates the project schedule many times to calculate a distribution of possible project completion dates is:

  1. Monte Carlo Analysis
  2. Montford analysis
  3. Pareto Cost chart
  4. Deming Analysis
Correct Answer

Q6. Which of the following is not a part of the data gathering tools used in Control Quality process?

  1. Checklists
  2. Control Chart
  3. Check sheets
  4. Statistical sampling
Correct Answer

Q7. As the project manager, you are considering tools and techniques to help control changes to the project schedule. Which of the following would be acceptable options?

  1. An online system that routes change requests to the appropriate levels for authorization
  2. A paper form that requires a project stakeholder to submit the request in duplicate to the project manager for approval
  3. A system that allows rapid approval of all submitted changes
  4. An online system that routes changes manually to each required approver followed by impact analysis
Correct Answer

Q8. Projects, portfolios, and programs are different entities in an organization. Which of the following choices states a correct relationship between them?

  1. A portfolio consists of a collection of projects or programs that are grouped together to achieve strategic business objectives. The projects or programs need not be directly related.
  2. A project is a collection of programs and portfolios that are grouped together to achieve the project objectives.
  3. A program consists of a collection of projects or portfolios that are grouped together to achieve strategic business objectives.
  4. A program is a collection of projects that are grouped together for convenience. It may include unrelated work if the work is under the same business division.
Correct Answer

Q9. One of the risks your team has discovered is a high probability that the equipment you are developing will not perform under the pressure it needs to in the workplace. In order to handle this risk, you have chosen to prototype the equipment. This is an example of risk:

  1. Mitigation.
  2. Avoidance
  3. Transference.
  4. Acceptance.
Correct Answer

Q10. The project charter is the document that authorizes the existence of the project and contains a great deal of important information. Which of the following options shows the correct content of a project charter?

  1. Project purpose, high level requirements, assumptions and constraints, summary budget
  2. High-level risk, summary milestone, project management plan, summary budget
  3. Project objective, stakeholder list, WBS, project approval authority
  4. Name of the sponsor, name of the project manager, schedule baseline, summary budget
Correct Answer










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