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Project Management Question Bank
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Question:

A cost performance plan contains a description of:
  1. The project costs.
  2. How resources are allocated.
  3. The budgets and how they were calculated.
  4. The WBS level at which earned value will be calculated.






Q2. Jim is managing a road network design project for a government agency. He is currently carrying out the Plan Stakeholder Engagement process for the project. Which of the following documents will provide the list of project stakeholders to Jim for this process?

  1. Organizational process assets
  2. Project management plan
  3. Stakeholder register
  4. Enterprise environmental factors
Correct Answer

Q3. You are a risk manager of a project and the project manager has given you the responsibility of developing the risk management plan. So, you start collecting the risks and then you categorize them based on their impact on the project objectives. Afterward, you analyze them and develop the risk response plan for positive risks and negative risks. After developing these response plans, what will your next step be?

  1. Develop the risk response plan for neutral risks
  2. Update the project management plan
  3. Assign the risk action owner to each risk
  4. Change the critical path to reflect the risk impact
Correct Answer

Q4. The cost performance index (CPI) of a project is 0.6 and the schedule performance index (SPI is 0.71. The project has 625 work packages and is being completed over a four-year period. The team members are very inexperienced and the project received little support for project planning. Which of the following would be the BEST thing to do?

  1. Update risk identification and analysis.
  2. Spend more time improving the cost estimates.
  3. Remove as many work packages as possible.
  4. Reorganize the responsibility assignment matrix.
Correct Answer

Q5. During project executing, the forecasted remaining hours exceed planned remaining hours. Consequently, the project takes on a negative variance. Which analysis method is the project manager likely to use as a measurement tool to validate this information?

  1. EV-PV
  2. EV/AC
  3. EV/PV
  4. EV-AC 75
Correct Answer

Q6. You are the project manager of a large IT project. A manager from a company contracted to work on the project offers you free tickets to a local sporting event. The tickets are expensive, but your organization has no formal policy regarding gifts. What is the best way to handle the offer?

  1. Refuse the tickets and report the offer to your employer
  2. Accept the tickets but notify your employer
  3. Politely refuse the tickets
  4. Accept the tickets since there is no policy
Correct Answer

Q7. Analysis of project spending against project budget and calculation of the percentage complete of tasks currently underway are examples of:

  1. Control Chart
  2. PERT analysis
  3. Performance reviews
  4. Expert judgment
Correct Answer

Q8. When should a schedule baseline be created and used?

  1. At the beginning of the project and used to compare schedule performance on status reports
  2. At the end of the project and then used to measure team performance
  3. At the end of the project and included in the archive
  4. At the beginning of the project and used during the project to measure performance
Correct Answer

Q9. You have been hired by ABC Inc. and appointed as a project manager for their new project. The project charter has been signed and currently you are busy with preparing a detailed description of your project and the product. The description is in detail, the final requirements are identified, the product boundaries are defined, and you have outlined what is included and what is excluded. Once you complete this process, which of the following documents will you not update next?

  1. Issue log
  2. Stakeholder register
  3. Requirements documentations
  4. Requirement traceability matrix
Correct Answer

Q10. Because of the huge size of your project, you have divided it into several phases. After completing each phase, you hand it over to the client and then move on to the next phase. Which process ensures that the previous phase has met all of its requirements so you can move on to the next phase?

  1. Close procurement
  2. Validate scope
  3. Control scope
  4. Control quality
Correct Answer










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