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Project Management Question Bank
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Question:

You have identified a risk that will negatively affect your security project. You and your team have decided to use an older encryption technology because of the high risk associated with the new technology. What type of risk strategy are you using?
  1. Mitigation
  2. Exploitation
  3. Avoidance
  4. Transfer






Q2. Payment for any decision made or encouraged by a foreign official with respect to whether a company will be awarded business is BEST described as:

  1. A common practice
  2. A sunk cost
  3. A bribe
  4. A progress fee
Correct Answer

Q3. The company has just announced that there will be a layoff in the next month, and there’s a good chance it will include some of the people from your project team. The team is discussing the layoff to the exclusion of everything else. If you tell the team, “Let’s calm down and get back to work, maybe our performance in the next month will keep us from losing our jobs.” Which conflict resolution technique are you using?

  1. Compromising
  2. Forcing
  3. Smoothing
  4. Withdrawal.
Correct Answer

Q4. Once a risk response is created, which of the following statements BEST describes the project manager’s role regarding risks while the project work is being completed?

  1. Take actions when identified risks occur.
  2. Look for unexpected impacts of implemented risk responses.
  3. Implement planned work-arounds.
  4. Make sure that risk responses are assigned to identify risks.
Correct Answer

Q5. Which of these is not an established Estimate Activity Durations technique?

  1. Three Point Estimating
  2. Parametric Estimating
  3. Analogous Estimating
  4. Critical Path Estimation
Correct Answer

Q6. You are planning a project. The functional managers will not commit any particular people to your project, because it will not begin for a few months. All of the following methods could be used to handle this situation EXCEPT:

  1. Use the average productivity factor for each department.
  2. Use the average daily rate of the resource in each department times the number of resource needed of each resource type.
  3. Use the results of the Delphi Technique for the number of hours.
  4. Use the average probability of successful completion multiplied by the number of resource needed each day.
Correct Answer

Q7. A project manager is concerned about the amount of gold plating that has occurred on past projects. All the following would NOT be of use in controlling gold plating EXCEPT:

  1. A staffing management plan
  2. A project charter
  3. A work breakdown structure dictionary
  4. A risk management plan
Correct Answer

Q8. You are a project manager of a complex project which involves many procurement contracts with subcontractors. During the execution phase, a subcontractor comes to you and says that he has completed his part of the work. You reviewed the facts and provided the subcontractor with a formal written notice that the contract has ended. What process is this?

  1. Validate scope
  2. Verify scope
  3. Close procurements
  4. Control procurements
Correct Answer

Q9. When the cost of an activity cannot be estimated with an adequate degree of certainty, the work within the activity can be decomposed. The resource requirements for each lower, more detailed work package can be estimated and aggregated to form a basis for estimating the cost for overarching scheduled activity. What is this type of estimating called?

  1. Bottom-up estimating
  2. Decomposed estimating
  3. Should-cost estimating
  4. Three-point estimating
Correct Answer

Q10. How would you calculate your EAC if the ETC work is performed at the budgeted rate?

  1. EAC = BAC/CPI
  2. EAC= BAC-EV
  3. EAC = AC + BAC - EV
  4. EAC=(BAC-EV)*CPI
Correct Answer










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