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Project Management Question Bank
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Question:

During risk planning, a team member comes to you and informs you about a risk. This risk was not important; therefore, you tell him to just note down the risk and you will manage this risk if it occurs. What risk response strategy you are using here?
  1. Mitigate
  2. Accept
  3. Avoid
  4. Exploit






Q2. A project team is scattered across North America, South America, and Europe. There are seven companies working on the project and 67 core team members. Which of the following would have the GREATEST impact on making the situation easier to manage?

  1. A project scope statement
  2. A staffing management plan
  3. A change control system
  4. More time spent scope planning.
Correct Answer

Q3. How is the three-point estimating related to risk?

  1. It tells you how much assumptions testing is required.
  2. It indicates whether the risk estimate is acceptable.
  3. It indicates the estimate’s degree of uncertainty
  4. It indicates the risk variance
Correct Answer

Q4. Which of these tools and techniques is common to all seven Project Integration Management processes?

  1. Meetings
  2. Data analysis
  3. Data gathering
  4. Expert Judgment
Correct Answer

Q5. Communication noise refers to influences on effective communication that influence the interpretation of conversations. Noise affects which components of communication?

  1. Encoding and decoding
  2. Decoding and feedback
  3. Transmission and decoding
  4. Encoding and feedback
Correct Answer

Q6. You have been managing a construction project in a developing country, and now you are closing the project. The tools and equipment that were used on the project have to be returned to your company’s European headquarters. A nongovernmental organization that builds and repairs medical facilities in this country has come to you to request that this equipment be donated to them. What should you do?

  1. Donate all tools and equipment
  2. Refuse the request
  3. Donate only the tools and equipment whose value is below your purchase approval limit
  4. Notify the appropriate management
Correct Answer

Q7. You are a project manager for a small construction project. Your project was budgeted for US $72,000 over a six-week period. As of today, you have spent US $22,000. The earned value is US $24,000. According to your schedule, you should have spent US $30,000 by this time. Based on these circumstances, your project could be BEST described as:

  1. Ahead of schedule
  2. Behind schedule
  3. On schedule
  4. Having not enough information provided.
Correct Answer

Q8. Bill and Jake are two team members in a project. They do not get along well and are constantly involved in verbal conflicts. The project manager understands the characteristics of conflict and the conflict management process and tries to resolve the situation. Which of the following is not a correct statement?

  1. Openness resolves conflict
  2. Conflict is natural and forces a search for alternatives
  3. Conflict is inevitable in a project environment.
  4. The project manager is not responsible for conflict management.
Correct Answer

Q9. You are beginning a new project. When should you use the Perform Integrated Change Control process?

  1. Throughout the entire project
  2. Only when closing out the project
  3. Only after the project is completely funded
  4. Only after the project scope is clearly defined
Correct Answer

Q10. A project is contracted on a Cost-Plus-Fixed-Fee (CPFF) basis with a fee of 10 percent of estimated costs. The estimated cost is US$50,000. If the project comes in at US$75,000 with no changes in project scope, what would be the total cost of the contract?

  1. US$55,000
  2. US$125,000
  3. US$75,000
  4. US$80,000
Correct Answer










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