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Project Management Question Bank
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Question:

As an external vendor, you are managing a complex software project on a time-and-materials (T&M) contract. One of your team members reports a breakthrough in automating some of the testing activities. This may result in cost savings to the project and completion of the project one month ahead of schedule. Which of the following actions would you take?
  1. This is confidential information within your project team and there is no need to share with the customer. The savings will be additional profits on the project.
  2. Communicate the current status and inform the customer you will incorporate some additional features to use up the savings in cost and time since it was budgeted.
  3. Communicate the current status to the customer and indicate the potential changes to cost and schedule.
  4. Communicate the savings in cost and time to the customer. At the end of the project, notify your billing department that they need to prepare an invoice for 50 percent of the cost saved.






Q2. A complicated software project was authorized by a project sponsor. However, the users who were intended to use the product found it extremely difficult to articulate their requirements. What technique can be employed to elicit requirements for such a project?

  1. Job overlaying
  2. Hidden participant
  3. Job duplication
  4. Job shadowing
Correct Answer

Q3. You are managing a project. An audit team wants to know where they can find information on training plans for the project team members and certification requirements. This are in the:

  1. Resource Breakdown Structure
  2. Staff Release Plan
  3. Resource Management Plan
  4. Communications Management Plan
Correct Answer

Q4. Which of the following processes will determine the correctness of deliverables?

  1. Plan Deliverables
  2. Plan Quality Management
  3. Control Quality
  4. Manage Quality
Correct Answer

Q5. During the risk analysis process, you find that a specific risk has a remote chance of happening and if it occurs, it will have very little effect on the project objective. What will you do with this risk?

  1. Analyze it further
  2. Assign it a risk owner
  3. Keep it in watch list
  4. You will ignore it
Correct Answer

Q6. Three strategies that typically deal with negative risks or threats are:

  1. Enhance, Share, and Accept
  2. Transfer, Exploit, and Accept
  3. Avoid, Transfer, and Exploit
  4. Avoid, Transfer, and Mitigate
Correct Answer

Q7. You have signed a multi-year contract with a customer to complete a project for a fixed price. Since the duration of the contract is long, you have added a provision to adjust the price of the contract according to the market inflation. What kind of contract is this?

  1. FPIF
  2. FP-EPA
  3. Time and material
  4. CPIF
Correct Answer

Q8. Based on the chart, what is the duration of a critical path?

  1. 30
  2. 23
  3. 49
  4. 46
Correct Answer

Q9. For which of the following actions could a project manager incur a fine and be jailed?

  1. Using people from outside the project manager’s country to work on the project
  2. Failing to file the necessary permits in their own country
  3. Paying a bribe to a foreign official
  4. Not using minority workers on the project
Correct Answer

Q10. During construction of a new manufacturing facility in another country, one of your team members complains to you that the wage paid to the workers is below the acceptable wage in your home country. In this situation it is BEST to:

  1. Pay the workers at the new facility the same wage as your country.
  2. Pay the workers at the new facility a little less than the acceptable wage in your country
  3. Pay the workers an appropriate wage for the country within which they work
  4. Ignore the issue as you have not heard the workers complain
Correct Answer








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