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Project Management Question Bank
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Question:

What is the BEST tool/technique that provides expected cost of a procurement by a third party and helps identify significant variations from cost estimates prepared in-house?
  1. Screening system
  2. Bidder conferences
  3. Independent estimates
  4. Buyer-conducted performance review






Q2. The calculated duration of a project of 28.166. The standard deviation is 5.5. What technique would you use to compute the probability of completing a project on a specific day?

  1. Reserve analysis
  2. Monte Carlo analysis
  3. Probability analysis
  4. Variance analysis 44
Correct Answer

Q3. During the development of the project stakeholder engagement plan, a project manager is usually dependent on the voice of the project stakeholders to obtain expert opinion. Which of the following is an important tool available to the project manager for gathering and organizing stakeholders’ information?

  1. Fishbone diagrams
  2. Control charts
  3. Histograms
  4. Focus groups
Correct Answer

Q4. A cost performance plan contains a description of:

  1. The project costs.
  2. How resources are allocated.
  3. The budgets and how they were calculated.
  4. The WBS level at which earned value will be calculated.
Correct Answer

Q5. Your project is delayed and you are trying to compress the schedule so that you can bring your project on track. While reviewing the activities of your project, you notice that plumbing work starts after completing electrical work. You discuss these two activities with your team members and reach a conclusion that these two activities can start at the same time. Therefore, you make a change to the plan to start these two activities together. Which technique are you using here?

  1. Resource leveling
  2. Resource optimization
  3. Fast tracking
  4. Crashing
Correct Answer

Q6. Daniel is the project manager for a factory construction project. Daniel has recently joined this organization and is not fully aware of the organization’s culture and structure. In order to manage his project stakeholders, Daniel has to understand his project stakeholders better. Which of the following can provide Daniel some historical information regarding stakeholder management on previous projects?

  1. Enterprise environmental factors
  2. Project management plan
  3. Project charter
  4. Organizational process assets
Correct Answer

Q7. During project executing, a large number of changes are made to the project. The project manager should:

  1. Wait until all changes are known and print out a new schedule
  2. Make sure the project charter is still valid
  3. Change the schedule baseline
  4. Talk to management before any changes are made
Correct Answer

Q8. A project manager is analyzing the relationship between the consumption of project funds and the work being accomplished for such expenditures. In which project management process would this be done?

  1. Determine Budget
  2. Estimate Costs
  3. Control Costs
  4. Manage Costs
Correct Answer

Q9. Outputs of the Plan Resource Management process are:

  1. Roles and responsibilities, project organization charts, and staffing management plan.
  2. Project organization charts, project staff assignments, and roles and responsibilities
  3. Project management plan updates, staffing management plan, and project organization charts.
  4. Roles and responsibilities, staffing management plan, and resource availability.
Correct Answer

Q10. Resource requirements are determined:

  1. Before the project schedule and after the network diagram
  2. After the project schedule and project scope statement
  3. After the project schedule and WBS
  4. Before the project scope statement and the network diagram 43
Correct Answer










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