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Project Management Question Bank
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Question:

All of the following are true statements about parametric estimating EXCEPT:
  1. The model is scalable.
  2. Estimates are based on input from the team
  3. The parameters used in the model are readily quantifiable.
  4. Historical information is used in the model 63






Q2. Which of the following is the process of communicating and working with stakeholders to meet their needs and expectations, address issues as they occur, and foster appropriate stakeholder involvement?

  1. Manage Stakeholder Engagement
  2. Monitor Stakeholder Engagement
  3. Manage Communications
  4. Monitor Communications
Correct Answer

Q3. The stakeholder engagement plan is developed early during project planning phase. However, as the project moves into its execution phase, project stakeholders’ needs, interests and/or influence might change. If a significant change happens, what should the project manager do?

  1. Refer the issue to the project sponsor
  2. Hold all project communications until the issue has a resolution
  3. Seek expert judgment from the project sponsor
  4. Revisit the Plan Stakeholder Engagement process
Correct Answer

Q4. You have a project with the following activities: Activity 1 can start immediately and has an estimated duration of four. Activity 2 can start after activity 1 is completed and has an estimated duration of eight. Activity 3 can start after activity 2 is completed and has an estimated duration of five. Activity 4 can start after activity 1 is completed and has an estimated duration of eight. Activity 5 has an estimated duration of three and must take place concurrently with activity 3. It can start after activities 4 and 2. What is the duration of the critical path of this project?

  1. 15
  2. 18
  3. 17
  4. 12
Correct Answer

Q5. The six-month project has 300 work packages and a US $600,000 budget. Three months into the project 150 work packages are complete and US $300,000 has been spent. Which of the following is CORRECT?

  1. The project is on time and on budget
  2. The project manager should reevaluate cost performance but not worry about time.
  3. The project needs 50 more work packages to be completed to be on time.
  4. There is not enough information
Correct Answer

Q6. You are in the middle of a new product development project for your publicly traded company when you discover that the previous project manager made a $3,000,000 payment that was not approved in accordance with your company policies. Luckily, the project cost performance index (CPI) is 1.2. What should you do?

  1. Put the payment in an escrow account.
  2. Bury the cost in the largest cost center available.
  3. Ignore the payment
  4. Contact your manager
Correct Answer

Q7. In complex and high value projects, which of the following activities will typically be performed by a business analyst prior to the project initiation?

  1. Define project scope and develop WBS
  2. Finalize the project scope statement and the WBS dictionary
  3. Establish the project’s scope baseline
  4. Determine problems, identify business needs and viable solutions
Correct Answer

Q8. All of the following are outputs of the Estimate Costs process EXCEPT:

  1. An understanding of the cost risk in the work that has been estimated.
  2. The prevention of inappropriate changes from being included in the cost baseline.
  3. An indication of the range of possible costs for the project
  4. Documentation of any assumptions made during the Estimate Costs process.
Correct Answer

Q9. A project manager has just taken over the project from another project manager during the executing process group. The previous project manager created a project budget, determined communications requirements, and went on to complete work packages. What should the new project manager do NEXT?

  1. Coordinate completion of work packages
  2. Identify quality standards
  3. Begin the Identify Risk process
  4. Execute the project management plan.
Correct Answer

Q10. You have completed your project to construct a railway bridge. The project is in the closing phase and you are now archiving various documents such as the stakeholder register, risk register, project calendar, etc. All these documents are part of:

  1. Project closure documents
  2. Historical information
  3. Project files
  4. Enterprise environmental factors
Correct Answer










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