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Project Management Question Bank
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Question:

The cost of choosing one project and giving up another is called:
  1. Fixed cost
  2. Sunk cost
  3. Net present value (NPV)
  4. Opportunity cost 6






Q2. As the project manager of a development project, you are aware that there is a slight defect in the developed product; as a result, it will fail to meet certain regulatory standards. This was due to faulty requirements. You are also aware that the product will continue to function properly even though it fails to meet those standards. Your customer manager asks you to certify that the product meets the necessary regulatory standards, stating that this will not be verified when the report is submitted to the necessary authorities. Your stance is that:

  1. You certify the product. Regulations are only guidelines in the industry. Not meeting a regulation does not mean anything.
  2. As a one-off instance, you will certify the product to make sure the project goes through successfully.
  3. You will not certify that a product meets certain regulations when it does not, even though the product continues to function well.
  4. You certify the product, but you document your conversation with your customer manager for future purposes.
Correct Answer

Q3. A critical resource is on another project team. It is essential that you get his time for your project. You have contacted the resource’s team manager several times but have received a poor response. What should you consider doing next?

  1. Plan for an alternate resource since this resource is not available.
  2. Try to use management influence to obtain the resource's time.
  3. Contact the manager once again to see if he can help.
  4. Train another resource within your project.
Correct Answer

Q4. You are the Project Manager for the production of an exotic car. You have completed the Define Scope process for your project. Which of the following may be generated through this process?

  1. Project scope statement, project charter
  2. Project scope statement, updates to requirements traceability matrix
  3. WBS, updates to requirements traceability matrix
  4. Project scope statement, WBS
Correct Answer

Q5. During the planning phase, you have created the WBS for the work that you are about to complete. However, because of a lack of information you are not able to create the WBS for the rest of the work, so you leave it until you get the correct and detailed information. This is an example of:

  1. Progressive elaboration
  2. Improper collecting requirement process
  3. Rolling wave planning
  4. Improper scope statement
Correct Answer

Q6. You are planning a project. The functional managers will not commit any particular people to your project, because it will not begin for a few months. All of the following methods could be used to handle this situation EXCEPT:

  1. Use the average productivity factor for each department.
  2. Use the average daily rate of the resource in each department times the number of resource needed of each resource type.
  3. Use the results of the Delphi Technique for the number of hours.
  4. Use the average probability of successful completion multiplied by the number of resource needed each day.
Correct Answer

Q7. The project manager has just received a change from the customer that does not affect the project schedule and is easy to complete. What should the project manager do FIRST?

  1. Make the change happen as soon as possible.
  2. Contact the project sponsor for permission
  3. Go to the change control board
  4. Evaluate the impacts on other project constraints
Correct Answer

Q8. During construction of a new manufacturing facility in another country, one of your team members complains to you that the wage paid to the workers is below the acceptable wage in your home country. In this situation it is BEST to:

  1. Pay the workers at the new facility the same wage as your country.
  2. Pay the workers at the new facility a little less than the acceptable wage in your country
  3. Pay the workers an appropriate wage for the country within which they work
  4. Ignore the issue as you have not heard the workers complain
Correct Answer

Q9. As project manager, you find you are constantly dealing with conflict among your team members. Everyone argues over sharing available project resources, so you plan to use a conflict resolution method to alleviate the tension among team members. What conflict resolution method is not recognized by the Project Management Institute?

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

Q10. Your project has successfully completed; the deliverable is handed over to the client, and you are in the close phase or project process. Which of the following activities will you not perform in the close phase or project process?

  1. Update lessons learned
  2. Release the resources
  3. Acceptance of deliverables
  4. All of the above
Correct Answer










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