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Project Management Question Bank
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Question:

Which of the following is accurate regarding agreements in Project Procurement Management?
  1. Agreements can never be terminated.
  2. Terms and conditions never include the seller’s proposal.
  3. Agreements are informal documents.
  4. Agreements are legal documents between a buyer and a seller.






Q2. Using the chart, the person completing activity G tells you that a few unidentified risks have occurred and the duration of the activity will now be 10 months. What is the effect on the project?

  1. The critical path changes
  2. There are two critical paths
  3. There is no effect on the critical path
  4. There is less chance of completing the project on time.
Correct Answer

Q3. Andy has just become the project manager of a multi-million-dollar construction project. Andy also has an approved project charter that authorizes him to apply organizational resources to the project. Now, Andy wants to take all key stakeholders onboard with the project charter. Where can Andy find a preliminary list of all key stakeholders?

  1. Project charter
  2. Stakeholder register
  3. Project management plan
  4. Risk register
Correct Answer

Q4. Which of the following items needs to be kept in mind when relying on risk identification checklists?

  1. They are biased.
  2. They are not exhaustive.
  3. They are often inaccurate.
  4. They are easy to prepare.
Correct Answer

Q5. What is the difference between the Monitor and Control Project Work process and the Direct and Manage Project Work process?

  1. The Monitor and Control Project Work and the Direct and Manage Project Work processes are the same.
  2. The Monitor and Control Project Work process monitors the project performance while the Direct and Manage Project Work process is concerned with performing the activities to accomplish project requirements.
  3. The Monitor and Control Project Work process is a sub-process of the Direct and Manage Project Work process.
  4. There is no such thing as the Monitor and Control Project Work process.
Correct Answer

Q6. An identified risk occurred during the execution phase and the risk owner implemented the risk response plan. The impact of the risk was higher than the planned impact and the risk response plan was not effective. So, you ask the risk owner to implement the fallback plan to contain the situation. To implement the fallback plan, which reserve is most likely to be utilized?

  1. Contingency reserve
  2. Management reserve
  3. Cost reserve
  4. None of the above
Correct Answer

Q7. Risks will be identified during which risk management process(es)?

  1. Identify Risks.
  2. Identify Risks and Control Risks
  3. Perform Quantitative Risk Analysis and Identify Risks
  4. Perform Qualitative Risk Analysis and Control Risks 07
Correct Answer

Q8. Most project management software packages use a method of constructing a project schedule network diagram known as:

  1. Waterfall Method
  2. Precedence Diagramming Method
  3. Agile Method
  4. Just-in-time Method
Correct Answer

Q9. Mandatory dependencies are those that are inherent in the nature of the work being done. They often involve physical limitations, such as on a construction project when it is impossible to erect the superstructure until the foundation is built. According to the PMBOK, a mandatory dependency is also:

  1. Soft logic
  2. Unilateral dependency
  3. Fixed logic
  4. Hard logic
Correct Answer

Q10. You publish some informative notes on the company’s web portal and ask stakeholders to review it. What kind of communication method is this?

  1. Pull
  2. Push
  3. Interactive
  4. None of the above
Correct Answer










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