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Project Management Question Bank
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Question:

All of the following are tools for of the Determine Budget process EXCEPT:
  1. Aggregation
  2. Reserve analysis
  3. Funding limit reconciliation
  4. Bottom-up estimating






Q2. Identifying and documenting the specific activities that must be performed to produce work packages is called:

  1. Define Scope
  2. Decomposition
  3. Define Activities
  4. Sequence activities
Correct Answer

Q3. At the end of a two-year project, the key stakeholders agree that the project has met all its objectives outlined in the project charter and further defined in the scope and statement of work. The project was within budget and has finished on time. The management of one of the functional areas is quite upset because over half of his staff quit during the project citing long hours and lack of management support. What is the MOST correct statement about this project?

  1. The project was within budget and time and achieved its objectives. Upper management is responsible for providing adequate resources, and the project manager successfully managed the project with available resources.
  2. The project should be measured against how successfully it met its project charter. This was not done during this project.
  3. The project manager did not obtain adequate resources and did not set a realistic deadline based on resources available.
  4. The functional manager is responsible for his staff and obtaining adequate resources to meet the schedule once it has been set. The project and project manager achieved all of its objectives set forth in the project charter.
Correct Answer

Q4. You have just been assigned to take over a project that your management has told you is “out of control”. When you asked your management what the problems were, they had no specifics, but said that the project was behind schedule, over budget, and the client was dissatisfied. Which of the following should be of the MOST concern to you?

  1. The project is over budget and behind schedule
  2. There is very little documentation related to the project.
  3. The client is very dissatisfied with the project’s progress.
  4. Your management is looking for rapid and visible action on this project to rectify the problems.
Correct Answer

Q5. As the project manager of a development project, you are aware that there is a slight defect in the developed product; as a result, it will fail to meet certain regulatory standards. This was due to faulty requirements. You are also aware that the product will continue to function properly even though it fails to meet those standards. Your customer manager asks you to certify that the product meets the necessary regulatory standards, stating that this will not be verified when the report is submitted to the necessary authorities. Your stance is that:

  1. You certify the product. Regulations are only guidelines in the industry. Not meeting a regulation does not mean anything.
  2. As a one-off instance, you will certify the product to make sure the project goes through successfully.
  3. You will not certify that a product meets certain regulations when it does not, even though the product continues to function well.
  4. You certify the product, but you document your conversation with your customer manager for future purposes.
Correct Answer

Q6. While finalizing the WBS you assign each work package to a control account and establish a unique identifier for the same work from a code of account. These identifiers help you find a hierarchical sum of costs, schedule, etc. Which statement is true about the WBS?

  1. It contains all project work
  2. It authorizes the project manager
  3. It is a hierarchy of project staff
  4. It is a hierarchical breakdown of project resources
Correct Answer

Q7. 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

Q8. A project manager feels the need of updating one of the project supplier contracts to meet the project’s current needs. However, before any change requests, the project manager must know the right process to incorporate a change into this specific contract. What should he do first?

  1. Issue the change request and get it approved through Integrated Change Control process
  2. Update the project procurements management plan
  3. Review the change request handling procedure as documented in the contract itself
  4. Review alternative dispute resolution (ADR) procedures in the contract
Correct Answer

Q9. Free float is the amount of time an activity can be delayed without delaying the:

  1. Project
  2. Completion date required by the customer
  3. Early start of its successor
  4. Project completion date
Correct Answer

Q10. You have been given a project to clean an area where hundreds of families are living and to develop residential flats for them. Since there so many stakeholders involved, how will you manage them?

  1. Ignore low-power stakeholders
  2. Pick the dominating stakeholders
  3. Find a way to manage them all
  4. Manage only high power and high-interest group stakeholders
Correct Answer










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