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Project Management Question Bank
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Question:

During which risk management process is a determination to transfer a risk made?
  1. Identify Risks
  2. Perform Quantitative Risk Analysis
  3. Plan Risk Responses
  4. Control Risks






Q2. The Plan Stakeholder Engagement process has many inputs. Which of the following is an input to the Plan Stakeholder Engagement process that comes from the Conduct Procurements process?

  1. Project management plan
  2. Project charter
  3. Historic stakeholder engagement plans
  4. Agreements
Correct Answer

Q3. Based on the chart, what is the float of activity B?

  1. 2
  2. 3
  3. 5
  4. 0
Correct Answer

Q4. Which chart allows a project manager to indicate the number of resources used each month?

  1. Responsibility assignment matrix
  2. Resource histogram
  3. Project organizational chart
  4. Pareto chart.
Correct Answer

Q5. Measuring the height of one of the tables manufactured by your company to determine if it meets your quality standards is an example of measuring:

  1. A sample
  2. A population
  3. Statistical independence
  4. A mutual exclusivity.
Correct Answer

Q6. Although the stakeholders thought there was enough money in the budget, halfway through the project the cost performance index (CPI) is 0.7. To determine the root cause, several stakeholders audit the project and discover the project budget was estimated analogously. Although the activity estimates add up to the project estimate, the stakeholders think something was missing in how the estimate was completed. Which of the following describes what was missing?

  1. Estimated costs should be used to measure CPI.
  2. SPI should be used, not CPI
  3. Bottom-up estimating should have been used
  4. Past history was not taken into account.
Correct Answer

Q7. A project is 50 percent complete when a schedule constraint is identified. Which of the following should be done FIRST?

  1. Revisit all activities that have not yet started
  2. Use a simulation technique such as Monte Carlo analysis, to calculate a distribution of probable results of the total project.
  3. Rebaseline the project management plan to determine impacts on schedule, cost, and scope.
  4. Level resources on the remaining activities to determine resource variances.
Correct Answer

Q8. During the risk response process, you find a risk which would be difficult for you to manage. You discuss the issue with management and a decision is taken to transfer the management of this risk to your portfolio manager. What risk response strategy is this?

  1. Mitigate
  2. Escalate
  3. Transfer
  4. Avoid
Correct Answer

Q9. You are working on a medium-sized project and management has decided to forego the perform quantitative risk analysis process. So, after identifying risks, you start the qualitative risk analysis process and now you are going to prioritize them. Which of the following techniques are you going to use?

  1. Probability and impact
  2. Fishbone diagram
  3. Scatter diagram
  4. Sensitive analysis
Correct Answer

Q10. All of the following are outputs of the Create WBS process EXCEPT:

  1. Scope baseline
  2. Change requests
  3. WBS dictionary
  4. Updates to the requirements documentation
Correct Answer










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