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Project Management Question Bank
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Question:

You are a consulting project manager and an investment bank has a contract with you to run a large information technology project that is expected to last 15 months. During the Direct and Manage Project Work process, you discover that several regulatory requirements were addressed in the project management plan but missed from the scope statement. Failure to meet these requirements could result in legal action against the company. However, implementing the technology to comply with these regulations could exceed the budget and scope of the project and result in the cancellation of the project. What should you do?
  1. Do not do anything as these requirements are not a part of the scope baseline.
  2. Request additional funds to implement these requirements.
  3. Submit a change request to incorporate the missed requirements in the project's scope.
  4. This is a classic example of scope creep and such requirements must be ignored.






Q2. A project is estimated to cost $50,000 with a timeline of 50 days. After 25 days, the project manager finds that 50 percent of the project is complete and actual costs are $50,000. What is the Cost Performance Index (CPI)?

  1. The CPI is 1
  2. The CPI is 1.5
  3. The CPI is 2
  4. The CPI is 0.5
Correct Answer

Q3. While creating the agenda for a status meeting with the team, a project manager receives input from one team member that an item should be added. Another team member says the team is not ready to resolve the item during the meeting. After much discussion, the project manager decides to put the item on the agenda as an initial discussion item only. Which conflict resolution technique is the project manager using?

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

Q4. Approved corrective action is an input to which of the following processes?

  1. Validate Scope
  2. Direct and Manage Project Work
  3. Develop Project Charter
  4. Develop Schedule
Correct Answer

Q5. What is the best way to make an accurate forecast of ETC?

  1. EAC - AC
  2. BAC – EV
  3. Manual forecasting of cost of the remaining work.
  4. (BAC – EV)/CPI
Correct Answer

Q6. A project manager believes that modifying the project scope may provide added value for the customer. What should the project manager do?

  1. Change the scope baseline
  2. Contact the customer to determine if the change adds value
  3. Call a meeting of the change control board
  4. Change the project’s objectives.
Correct Answer

Q7. Design of experiments:

  1. Identifies which variables have the most influence on a quality outcome
  2. Identifies which variables have the least influence on a quality outcome
  3. Determines what a quality outcome is
  4. Determines the methods to be used for research and development.
Correct Answer

Q8. A project manager is working with quality professionals in the Manage Quality process of the project. Which of the following activities is being performed?

  1. Perform Quality Control
  2. Determining if the right processes are being used
  3. Determining what processes should be used.
  4. Evaluating quality against the processes
Correct Answer

Q9. Over lunch with another project manager, you discuss ways to identify risks on your project. The next day, the other project manager sends you risk identification software created by her company with a copyright date of 1998. What should you do?

  1. Find out if using an old format would be acceptable
  2. Obtain approval from your legal department
  3. Share some of your templates with her to improve competencies
  4. Send the software back
Correct Answer

Q10. A problem occurs on an activity with free float and the project manager has extended its duration. What is MOST likely to be affected?

  1. Project duration
  2. Resource schedules
  3. Project scope management plan
  4. The latest start for the successor activity
Correct Answer








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