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Project Management Question Bank
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Question:

As part of the procurement process, the procuring organization elected to have an estimate of costs prepared by an outside professional estimator. The estimator came up with an estimate of $500,000. However, the cost estimates prepared by prospective sellers were in the range of $200,000. How can this be best interpreted?
  1. The procurement statement of work was deficient and ambiguous.
  2. The professional estimator has inflated the estimate of costs.
  3. The prospective sellers do not have the required skills to do the project.
  4. Prospective sellers are trying to underbid and win the project.






Q2. Sandra is managing a new supersonic aircraft design project. This is a huge project and the success of this project is very critical for her organization. For such mission-critical projects, which of the following is the most desirable engagement level for all major project stakeholders?

  1. Supportive stakeholders
  2. Resistant stakeholders
  3. Leading stakeholders
  4. Neutral stakeholders
Correct Answer

Q3. Which of the following is part of the integration management process?

  1. Monitor and Control Project Work
  2. Plan Resource Management
  3. Manage Quality
  4. Report Performance 2
Correct Answer

Q4. Which of the following is an example of a tool used in Plan Quality?

  1. Fishbone diagram.
  2. Quality audit
  3. Cause and effect diagram
  4. Benchmarking.
Correct Answer

Q5. A seller entered into a contract with a buyer. At the end of the project, the seller was reimbursed for the cost of the project but received a low fee based on certain subjective criteria that were specified in the contract. What type of contract is this likely to be?

  1. Cost Plus Fixed Fee (CPFF) contract
  2. Fixed Price Incentive Fee (FPIF) contract
  3. Cost Plus Incentive Fee (CPIF) contract
  4. Cost Plus Award Fee (CPAF) contract
Correct Answer

Q6. You are analyzing the risk in a project. You decide to do a sensitivity analysis to determine which risks have the most potential impact on the project. You consider using a tool to help compare the relative importance of variables that have a high degree of uncertainty with those variables that are more stable. One such tool is:

  1. Beta Distribution
  2. S-Curve
  3. Control Chart
  4. Tornado Diagram
Correct Answer

Q7. You are having your project team members record the time they spend on different activities during the day, such as programming, electrical, HVAC, etc. This is an example of a tool and technique in what process?

  1. Manage Communications
  2. Direct and Manage Project Work
  3. Monitor and Control Project Work
  4. Manage Team
Correct Answer

Q8. You are planning a storage device migration in a data center. During this phase of the project, who should control the project?

  1. Project Manager
  2. SMEs
  3. Sponsor
  4. Management
Correct Answer

Q9. The outputs of the Plan Risk Responses process include a risk response plan, risk response owners assigned, and:

  1. Residual risks
  2. Closed risks
  3. Probability and impact matrix
  4. Probability of achieving cost objectives 96
Correct Answer

Q10. You are a project manager for a small construction project. Your project was budgeted for US $72,000 over a six-week period. As of today, you have spent US $22,000. The earned value is US $24,000. According to your schedule, you should have spent US $30,000 by this time. Based on these circumstances, your project could be BEST described as:

  1. Ahead of schedule
  2. Behind schedule
  3. On schedule
  4. Having not enough information provided.
Correct Answer








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