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Project Management Question Bank
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Question:

A project manager knows that she can delay the start of certain activities within the project schedule to coincide with the mitigation of a known risk. She knows exactly the work and duration needed, should the risk event occur. She is confident that the finish date will not be impacted by the time delay. Which of the following aspects of schedule development has the project manager used in this situation?
  1. She has relied on her certainty that, for risk planning purposes, assumptions are considered to be true, real or certain.
  2. GERT probability factors provide her with certainty that there will be activities in the current schedule that will not be performed at all.
  3. Her float calculations have revealed those activities that allow sufficient time for the inserted activities.
  4. The project manager’s risk management plan was to build in buffer time to all the project activities during schedule development in order to cover any risk event occurrence






Q2. As part of a new project you just started on as project manager, you are assembling your team and discovering that one of the critical pieces of work requires a specialist from one of the functional departments. However, you are aware the functional manager may be reluctant to assign that resource to your project since your project is not a high-profile one. Which of the following techniques will you need to apply?

  1. Acquisition
  2. Coercion
  3. Politics
  4. Negotiation
Correct Answer

Q3. A project has faced major difficulties in the quality of its deliverables. Management now states that quality is the most important project constraint. If another problem with quality were to occur, what would be the BEST thing for the project manager to do?

  1. Fix the problem as soon as possible.
  2. Allow the schedule to slip by cutting cost.
  3. Allow cost to increase by fixing the root cause of the problem.
  4. Allow risk to increase by cutting cost.
Correct Answer

Q4. The customer requests a change to the project that would increase the project risk. Which of the following should you do before all the others?

  1. Include the expected monetary value of the risk in the new cost estimate
  2. Talk to the customer about the impact of the change
  3. Analyze the impacts of the change with the team
  4. Change the risk management plan
Correct Answer

Q5. During the review of a control chart, you observe that the limit for one deliverable is below the lower control limit but above the specification limit. What will your next step be?

  1. As it is within the specification limits, no action will be taken
  2. You will take corrective action
  3. You will replace the product
  4. You will adjust the control limits
Correct Answer

Q6. Your company has just won a major new project. It will begin in three months and is valued at US $2,000,000. You are the project manager for an existing project. What is the FIRST thing you should do once you hear of the new project?

  1. Ask management how the new project will use resources.
  2. Resource level your project.
  3. Crash your project.
  4. Ask management how the new project will affect your project.
Correct Answer

Q7. The project manager is trying to recall a stakeholder's preferred communication method. Where can she find that information?

  1. RACl chart
  2. Stakeholders engagement assessment matrix
  3. Stakeholder management plan
  4. Human resource management plan 44
Correct Answer

Q8. Which of the following does NOT assess the value a project brings to an organization?

  1. Benefit cost analysis
  2. Net present value
  3. Value analysis
  4. Needs assessment
Correct Answer

Q9. Funding requirements for a project are usually in incremental amounts that are not continuous. These increments appear as a step function in the graph depicting Cash flow, Cost baseline and Funding. Any gap at the end of the project between the funds allocated and the cost baseline represents:

  1. Management reserves
  2. Contingency reserves
  3. Cost variance
  4. Charting error
Correct Answer

Q10. A project manager is working with management to create the project estimate. During the initiating process group, what level of accuracy should the estimate have?

  1. +/- 50 percent
  2. -10 percent to +25 percent
  3. -35 percent to +75 percent
  4. -10 percent to +10 percent
Correct Answer








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