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Project Management Question Bank
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Question:

Three years back, your organization awarded a fixed price contract to a reputable local contractor to construct a new airport terminal in the city. A few days back, you received a change request from the contractor requesting to adjust the contract’s price. The contractor is claiming that as a result of the recent national recession, the prices of raw materials have gone up and he cannot complete the rest of the project at the contract price. Is the contactor’s request legitimate?
  1. Yes, you cannot penalize the contactor for price escalations due to force majeure.
  2. Yes, unless there is no Economic Price Adjustment provision in the contract.
  3. No, the price of the contract is fixed and cannot be changed.
  4. No, the price hike due to recession must be adjusted against the contractor’s profit.






Q2. During a voice conference, one team member suggests that a more experienced person be used on the project. Another one talks about using a person with more training. Which of the following BEST describes what is being done?

  1. Plan Risk Responses
  2. Resource leveling
  3. Define Activities
  4. Develop Project Team.
Correct Answer

Q3. Who issues the project charter?

  1. Sponsor
  2. Project manager
  3. Project team
  4. Stakeholders
Correct Answer

Q4. A project manager on a multinational website implementation project is at a party and talks to friends who will be heavy users of this new website when the project is complete and the site is rolled out. They describe some annoying aspects of the current website. The project manager takes this feedback to the sponsor, and encourages design and scope changes. Which of the following BEST describes what the project manager has done?

  1. Scope validation
  2. Integrated change control
  3. Stakeholder analysis
  4. Scope planning
Correct Answer

Q5. The RACI chart is an example of a responsibility assignment matrix (RAM). The letters R and C in “RACI” stand for:

  1. Responsible and consult
  2. Resource and consultant
  3. Responsible and categorize
  4. Resource and consult
Correct Answer

Q6. You are in the middle of project executing and find that you are running out of money due to unanticipated changes. What is the BEST thing to do?

  1. Crash or fast track the project
  2. Ask for a change to the project budget
  3. Use resources that do not change against the project
  4. Re-evaluate the risk analysis and contingency funding
Correct Answer

Q7. 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

Q8. An estimating technique that uses a statistical relationship between historical data and other variables (such as square footage in construction or lines of code in software development) is known as:

  1. Parametric Estimating
  2. Analogous Estimating
  3. Bottom-up Estimating
  4. Historical Analysis
Correct Answer

Q9. The Create WBS process identifies the deliverables at the __________ level in the Work Breakdown Structure (WBS).

  1. Lowest
  2. Any
  3. Tenth
  4. Highest
Correct Answer

Q10. The create WBS process is where you create the work breakdown structure. The WBS helps you immensely in developing the schedule and other project management activities. Which of the following is the highest element in the hierarchical breakdown of the work breakdown structure?

  1. Control account
  2. Project work
  3. Deliverable
  4. Milestone
Correct Answer








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