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Project Management Question Bank
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Question:

A project manager needs to analyze the project costs to find ways to decrease costs. IT would be BEST if the project manager looks at:
  1. Variable costs and fixed costs
  2. Fixed costs and indirect costs.
  3. Direct costs and variable costs
  4. Indirect costs and direct costs






Q2. A new employee of the company is assigned to work on a project that is in the early planning processes. She has to decide if she will accept the assignment to the project or whether she wants to be assigned to a different project. However, the project manager is not at work and is not reachable. Where can the team member look to help her determine what work she is given on the project?

  1. Activity definitions
  2. Project management plan
  3. Job descriptions
  4. Responsibility assignment matrix
Correct Answer

Q3. Nancy has recently become the project manager for a project already in execution. Nancy has learned the previous project manager did a good job so far and religiously followed the PMBOK guiding principles. However, some of the project communications don’t make sense to her. Which of the project artifacts should Nancy refer to in order to determine reasons for distribution of some reports?

  1. Stakeholder engagement plan and the scope management plan
  2. Stakeholder engagement plan and the communications management plan
  3. Scope management plan and the communications management plan
  4. Scope management plan and the risk management plan
Correct Answer

Q4. The sponsor’s role on a project is BEST described as:

  1. Helping to plan activities
  2. Helping to prevent unnecessary changes to project objectives.
  3. Identifying unnecessary project constraints
  4. Helping to put the project management plan together.
Correct Answer

Q5. Which of the following is incorrect regarding a bidders conference?

  1. Questions from each seller should be handled confidentially and not shared with other sellers.
  2. No bidders should receive preferential treatment, even if they are part of the company's existing list of approved suppliers.
  3. Bidder conferences should not involve individual face-to-face meetings.
  4. All prospective sellers should be allowed to have a common understanding of the procurement.
Correct Answer

Q6. As a project manager, you are analyzing the costs incurred in a project. Which of the following costs cannot be classified under cost of nonconformance?

  1. Quality Assurance Costs
  2. Warranty costs
  3. Costs due to loss of reputation
  4. Rework costs
Correct Answer

Q7. Your project has a medium amount of risk and is not very well defined. The sponsor hands you a project charter and asks you to confirm that the project can be completed within the project cost budget. What is the BEST method to handle this?

  1. Build an estimate in the form of a range of possible results.
  2. Ask the team members to help estimate the cost based on the project charter.
  3. Based on the information you have, calculate a parametric estimate.
  4. Provide an analogous estimate based on past history.
Correct Answer

Q8. A tool that provides a visual representation of human resource allocation to a project, number of working hours, and availability on the project is a:

  1. Resource Histogram
  2. Staff release plan
  3. Resource Breakdown Structure (RBS)
  4. Organization Breakdown Structure (OBS)
Correct Answer

Q9. A detailed milestone list is created as an output of what process?

  1. Sequence Activities
  2. Define Activities
  3. Develop Project Charter
  4. Develop Schedule
Correct Answer

Q10. A project is contracted on a Cost-Plus-Fixed-Fee (CPFF) basis. The targeted cost is US$200,000 with a fee of US$30,000. If the project comes in at US$170,000, what would be the total cost of the contract?

  1. US$ 195,500
  2. US$230,000
  3. US$ 200,000
  4. US$170,000
Correct Answer










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