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Project Management Question Bank
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Question:

_______________ is the authorized budget for the work scheduled to be completed on an activity or WBS component.
  1. Planned Value
  2. Earned Value
  3. Midpoint cost
  4. Interim cost






Q2. Bill is managing a website development project. He has recently received feedback from one of the key project stakeholders. The feedback is positive overall, but it contains some recommendations. After analyzing the recommendations, Bill accepts them, gets them approved, and incorporates them into the project management plan. The recommendations were then implemented and the new ideas were found to be successful. What needs to be done with this feedback now?

  1. Discard it since it is no longer required
  2. Publish it on the corporate intranet
  3. Add it to the organizational process assets
  4. Send it back to the stakeholder
Correct Answer

Q3. When entering into procurement, it is BEST to assume there will be disputes about the performance of the work as specified, and to:

  1. Include a procedure in the contract describing the means for dispute resolution
  2. Track claims to ensure the best position during litigation
  3. Make sure disputes are never brought to public knowledge
  4. Include a change order provision in the contract.
Correct Answer

Q4. Which of the following statements most accurately describes a project scenario?

  1. Changes in project scope during the initial phases of the project are very expensive.
  2. The influence of the stakeholders is the same all through the project.
  3. Staffing peaks during the execution phase of a project.
  4. The next phase of a project should never start until the deliverables for the previous phase are completely reviewed and approved.
Correct Answer

Q5. Sandra is managing a new supersonic aircraft design project. This is a huge project and the success of this project is very critical for her organization. For such mission-critical projects, which of the following is the most desirable engagement level for all major project stakeholders?

  1. Supportive stakeholders
  2. Resistant stakeholders
  3. Leading stakeholders
  4. Neutral stakeholders
Correct Answer

Q6. Which of the following is CORRECT concerning a change management plan?

  1. It should include a method for controlling schedule
  2. It is better if it focuses on cost
  3. It is better if it concentrates on risk
  4. It should be created during the executing process group.
Correct Answer

Q7. Which of the following approaches encourages plan definition but also acknowledges that once work starts, the priorities may change and the plan needs to be updated to reflect this change?

  1. Waterfall approach
  2. Adaptive planning
  3. Predictive life cycle
  4. Upfront planning
Correct Answer

Q8. The list of identified risks is found in the risk register. However, the overall high-level project risks is first listed in the:

  1. Scope statement
  2. Requirement document
  3. Project charter
  4. Risk management plan
Correct Answer

Q9. Which of the following can NOT be used to measure business value?

  1. Customer satisfaction
  2. Revenue growth
  3. Market share
  4. Expected monetary value
Correct Answer

Q10. The program was planned years ago, before there was a massive introduction of new technology. While planning the next project in this program, the project manager has expanded the scope management plan because as a project becomes more complex, the level of uncertainty in the scope:

  1. Remains the same.
  2. Decreases
  3. Decreases then increases
  4. Increases.
Correct Answer










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