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Project Management Question Bank
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Question:

The financial systems project has a relatively high profile in the organization and has received great support from the sponsor. There are over 230 activities on the project, and a few have remained relatively large due to the nature of the work to be accomplished. One of these larger activities has an estimate to complete (ETC) that is longer than planned. If the project manager wants to look at non-value-added activities that might be causing the delay, the manager should:
  1. Measure using quality metrics
  2. Complete process analysis
  3. Perform a quality audit
  4. Use a Pareto chart






Q2. The business case to justify a project typically contains:

  1. The project's BAC and ETC
  2. Identification of alternatives
  3. Project WBS
  4. Variance Analysis
Correct Answer

Q3. You are asked to prepare a budget for completing a project that was started last year and then shelved for six months. All the following would be included in the budget EXCEPT?

  1. Fixed costs
  2. Sunk costs
  3. Direct costs
  4. Variable costs
Correct Answer

Q4. You recently took over a project as the project manager. This is your first project management assignment. The project sponsor is very supportive and is helping you out in successfully managing the project. Recently, some bad quality deliverables were received on the project, and the project sponsor suggested that you to periodically review the vendor’s progress to deliver project scope and quality, within cost and on schedule, as compared to the contract. Which of the following statements is true in this context?

  1. The sponsor has asked you to carry out regular trend analysis.
  2. The sponsor has asked you something that is not a good project management practice.
  3. The sponsor has asked you to carry out regular procurement performance reviews.
  4. The sponsor is giving you a bigger workload so that you can perform better on the next assignment.
Correct Answer

Q5. Which of the following scenarios is likely to occur in a project?

  1. Cost and staffing levels are low at the start of the project.
  2. Stakeholders' influence on the project is lowest at the start of the project.
  3. Risk and uncertainty are lowest at the start of the project.
  4. Cost of changes are the highest at the start of the project.
Correct Answer

Q6. A seller was notified they were one of the selected sellers based on their proposal. The seller immediately circulated an internal newsletter stating they had just been awarded a large contract for a period of five years. Would the newsletter be factually correct?

  1. It is likely that the newsletter is factually incorrect. While the seller has been selected for the work, it is unlikely that the term of the project would have been five years.
  2. It is likely that the newsletter is factually incorrect. A selected seller is one whose proposal is judged to be in a competitive range. It does not mean they have the work.
  3. The newsletter is likely factually incorrect. A selected seller is one whose proposal has been accepted, and a contract has been completed pending signatures of the authorized parties.
  4. The newsletter is likely factually correct. A selected seller is one who has a contract based on the procurement process.
Correct Answer

Q7. Executing the risk response plan in order to react to risk events throughout the project is called:

  1. Contingency planning
  2. Monitoring and control
  3. Mitigation
  4. Life cycle costing.
Correct Answer

Q8. If a project manager wants to report on the actual project results vs. planned results, he should use a:

  1. Trend report.
  2. Forecasting report.
  3. Status report.
  4. Variance report.
Correct Answer

Q9. Product verification is different than scope verification in that product verification:

  1. Occurs during the executing process group
  2. Verifies that the correct products have been used
  3. Obtains customer sign-off
  4. Makes sure all work is completed satisfactorily.
Correct Answer

Q10. A project manager knows that she can delay the start of certain activities within the project schedule to coincide with the mitigation of a known risk. She knows exactly the work and duration needed, should the risk event occur. She is confident that the finish date will not be impacted by the time delay. Which of the following aspects of schedule development has the project manager used in this situation?

  1. She has relied on her certainty that, for risk planning purposes, assumptions are considered to be true, real or certain.
  2. GERT probability factors provide her with certainty that there will be activities in the current schedule that will not be performed at all.
  3. Her float calculations have revealed those activities that allow sufficient time for the inserted activities.
  4. The project manager’s risk management plan was to build in buffer time to all the project activities during schedule development in order to cover any risk event occurrence
Correct Answer








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