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Project Management Question Bank
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Question:

If a risk event has a 90 percent chance of occurring, and the consequences will be US $10,000, what does US $90,000 represent?
  1. Risk value
  2. Present value
  3. Expected monetary value
  4. Contingency budget






Q2. While conducting interviews for a project manager position, you notice that your classmate is one of the prospective candidates. What should you do immediately?

  1. Encourage your classmate by offering some tips
  2. Resign from the interview panel
  3. Remove your classmate from the list
  4. Inform the interview panel of the relationship
Correct Answer

Q3. In the earned value management technique, the cost performance baseline is:

  1. Cost Measurement Baseline (CMB)
  2. Performance Measurement Baseline (PMB)
  3. Performance Base Value (PBV)
  4. Actual Baseline (AB)
Correct Answer

Q4. Analogous estimating:

  1. Uses bottom-up estimating techniques
  2. Is used most frequently during the executing processes o the project.
  3. Use top-down estimating techniques
  4. Uses actual detailed historical costs
Correct Answer

Q5. A new project manager is planning a complex hardware installation project. The team consists of 13 people who are experts in their fields. The project manager does not want to micromanage the project. How far should he decompose the work?

  1. As small as possible because the work is complex.
  2. As large as possible because he is dealing with experts
  3. To 1000-hour work packages because he is dealing with experts
  4. To about 80-hour work packages because it will make the work less complex 8
Correct Answer

Q6. 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

Q7. You work at a software company that authors Material Safety Data Sheets (MSDS) for chemical companies. Prior to releasing the MSDS to the company, you have created a list of items for review to ensure they appear in the document. These items include chemical name, CAS#, protection required, what to do in an emergency, etc. This list is an example of what type of tool?

  1. Checklist
  2. Process Improvement Plan
  3. Quality Management Plan
  4. Quality Metrics
Correct Answer

Q8. What does the following sentence refer to? “The point where the benefits or revenue to be received from improving quality equals the incremental cost to achieve that quality.”

  1. Quality control analysis
  2. Marginal analysis
  3. Standard quality analysis
  4. Conformance analysis
Correct Answer

Q9. You are reviewing seller-prepared documents and quality audits are conducted during the seller’s execution of the work with an objective to identify performance success and failure. What process is this?

  1. Conduct Procurement
  2. Control Procurement
  3. Close Procurement
  4. Verify Scope
Correct Answer

Q10. 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










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