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Project Management Question Bank
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Question:

A project manager is trying to plan for a contingency reserve as part of the cost estimates for the project. Which of these would be an incorrect way to plan for contingency reserves?
  1. Start the project with a zero value for contingency reserve.
  2. Plan for contingency reserve as a fixed number.
  3. Plan for contingency reserve as a percentage of the estimated cost.
  4. Use quantitative analysis methods to arrive at the contingency reserve.






Q2. Which of the following would be the MOST appropriate thing to do during the executing process group?

  1. Forecast when the next milestone will be completed.
  2. Recommend updates to the project management plan.
  3. Recalculate how long the project will take.
  4. Determine if project controls need to be updated.
Correct Answer

Q3. Your company wants to assign a resource to your project and asks you to bill that resource to the customer. This concerns you because you get a bonus for maximizing billings to the customer. What is the BEST thing to do?

  1. Maximize customer billings in any ethical manner possible.
  2. Ask for the customer’s approval before adding the resource to the project scope.
  3. Ask for clarification of the intent of adding the resource.
  4. Remind the appropriate members of the billing organization that monetary compensation is not worth compromising the integrity of the individual or the organization.
Correct Answer

Q4. A project involved development of a high-speed, hard disk drive. As part of its testing, the hard disk was subjected to continuous operation at a high speed and an elevated temperature. At the end of the test, the hard disk was destroyed beyond use. The cost of such testing is usually classified as:

  1. Appraisal costs
  2. Internal failure costs
  3. Cost of nonconformance
  4. Prevention costs
Correct Answer

Q5. Which of the following is not a Risk Diagramming technique?

  1. Influence diagrams
  2. Control charts
  3. Decision trees
  4. Tornado diagram
Correct Answer

Q6. An identified risk occurred during the execution phase and the risk owner implemented the risk response plan. The impact of the risk was higher than the planned impact and the risk response plan was not effective. So, you ask the risk owner to implement the fallback plan to contain the situation. To implement the fallback plan, which reserve is most likely to be utilized?

  1. Contingency reserve
  2. Management reserve
  3. Cost reserve
  4. None of the above
Correct Answer

Q7. How does MOST communication occur?

  1. Nonverbally
  2. Verbally
  3. Paralingually
  4. Referentially
Correct Answer

Q8. A project team is creating a project management plan when management asks them to identify project risks and provide some form of qualitative output as soon as possible. What should the project team provide?

  1. Prioritized list of project risks
  2. Risk triggers
  3. Contingency reserves
  4. Probability of achieving the time and cost objectives.
Correct Answer

Q9. Which of the following is an output from the Direct and Manage Project Work process?

  1. Budgeted costs
  2. Project charter
  3. Work performance data
  4. Execution plan
Correct Answer

Q10. An e-mail is forwarded to you highlighting conflict between two team members. Which conflict resolution technique would you use?

  1. Forcing
  2. Compromising
  3. Avoiding
  4. Confronting
Correct Answer










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