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Project Management Question Bank
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Question:

Value analysis is performed to get:
  1. More value from the cost analysis.
  2. Management to buy into the project
  3. The team to buy into the project.
  4. A less costly way of doing the same work.






Q2. The on-demand scheduling approach used in agile environments is based on the theory-of-constraints and pull-based scheduling concepts from lean manufacturing to limit a team’s work in progress. This is also called:

  1. 5S
  2. Kanban
  3. Andon
  4. Gemba
Correct Answer

Q3. Lesley is managing a software development project for the World Climate Control Organization. Since her team members are dispersed across the globe, she would like to set up online conferences in the next two months to let everyone in her project know what is going on and what their roles are within the project. She wants to use these conferences as team development activities to learn and exchange information in the project. To schedule such activities, which of the following should she use to keep track of the availability of team members?

  1. Project charter
  2. Resource calendars
  3. Responsibility assignment matrix
  4. Project staff assignments
Correct Answer

Q4. You are the project manager for Wicked Fast Cars Corp. You are working on a project for the Human Resources department that is scheduled to take one year. After three months into the project, you calculate the EV at $35,000 and the PV at $45,000. Which option below represents the value for the SV?

  1. ($10,000)
  2. 1.29
  3. 0.78
  4. $10,000
Correct Answer

Q5. Change requests are an output of which processes?

  1. Manage Project Team and Report Performance
  2. Manage Stakeholder Expectation and Determine Budget
  3. Define Scope and Plan Communications
  4. Plan Procurements and Perform Qualitative Risk Analysis.
Correct Answer

Q6. The Cost of Quality principle includes:

  1. The costs of ensuring conformance to requirements
  2. The costs involved when changes are made to the requirements
  3. The cost of deploying a project Configuration Management System
  4. The costs associated with eliminating requirements
Correct Answer

Q7. A project manager’s scope management efforts are being audited. The cost performance index (CPI) on the project is 1.13, and the benefit cost ratio (BCR) is 1.2. The project scope was created by the team and stakeholders. Requirements on the project have been changing throughout the project. No matter what the project manager has tried to accomplish in managing the project, which of the following is he MOST likely to face in the future?

  1. Having to cut costs on the project and increase benefits.
  2. Making sure the customer approved the project scope
  3. Not being able to measure completion of the product of the project.
  4. Having to add resources to the project.
Correct Answer

Q8. A project team budgeted US $3,000 for the work performed and has spent US $4,000, to date. If they budgeted US $5,000 for the work scheduled, what is the cost variance (CV)?

  1. ($1,000)
  2. $2,000
  3. $1,000
  4. ($2,000)
Correct Answer

Q9. 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.
Correct Answer

Q10. Due to an error in the process, a defect is occurring in a deliverable. You identified the root cause of the problem and made some changes to the process to stop the defect from occurring. This process is known as:

  1. Root cause analysis
  2. Corrective action
  3. Defect repair
  4. Preventive action
Correct Answer










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