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Project Management Question Bank
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Question:

Which of the following is the MOST likely cause of poor risk management?
  1. Inadequate risk response planning
  2. Poor risk monitoring and control
  3. Lack of prioritized list of risks
  4. Lack of detail in the project scope statement.






Q2. The project has been going well, except for the number of changes being made. The product of the project is being installed into seven different departments within the company and will greatly improve departmental performance when operational. The team has selected the appropriate processes for use on the project. The project manager is a technical expert as well as having been trained in communications and managing people. Which of the following is the MOST likely cause of the project problems?

  1. The project manager was not trained in understanding the company environment.
  2. The project should have more management oversight since it will result in such great benefits to the company.
  3. The project should have used more of the project management processes.
  4. Some stakeholders were not identified.
Correct Answer

Q3. You have always been asked by your management to cut your project estimate by 10 percent after you have given it to them. The scope of your new project is unclear and there are over 30 stakeholders. Management expects a 25 percent reduction in downtime as a result of the project. Which of the following is the BEST course of action in this situation?

  1. Re-plan to achieve a 35 percent improvement in downtime
  2. Reduce the estimates and note the changes in the risk response plan
  3. Provide an accurate estimate of the actual costs and be able to support your estimate
  4. Meet with the team to identify where you can find 10 percent savings.
Correct Answer

Q4. All of the following should be done by the project manager during the project monitoring and controlling process group EXCEPT:

  1. Determine that a change has occurred
  2. Ensure that a change is beneficial
  3. Make sure all changes are approved by management
  4. Manage changes as they occur.
Correct Answer

Q5. A project was estimated to cost $200,000 with a timeline of 10 months. Due to a shipment delay, the schedule was slightly delayed. However, this was made up by shipping the first batch of materials for the project by air. The net result was that there was some additional cost in the project. At the end of the second month, the Project Manager reviews the project and finds that the project is 20% complete and Actual Costs are $50,000. The Estimate to Complete (ETC) for the project would now be:

  1. $160,000
  2. $210,000
  3. $250,000
  4. $200,000
Correct Answer

Q6. A project is contracted on a Cost-Plus-Fixed-Fee (CPFF) basis. The targeted cost is US$200,000 with a fee of US$30,000. If the project comes in at US$170,000, what would be the total cost of the contract?

  1. US$ 195,500
  2. US$230,000
  3. US$ 200,000
  4. US$170,000
Correct Answer

Q7. A project manager has a project team consisting of people in four countries. The project is very important to the company, and the project manager is concerned about its success. The length of the project schedule is acceptable. What type of communication should he use?

  1. Informal verbal communication
  2. Formal written communication
  3. Formal verbal communication
  4. Informal written communication
Correct Answer

Q8. The new software installation project is in progress. The project manager is working with the quality assurance department to improve everyone’s confidence that the project will satisfy the quality standards. Which of the following MUST they have before they start this process?

  1. Quality problems.
  2. Quality improvement
  3. Quality control measurements
  4. Rework
Correct Answer

Q9. Estimating the type and quantities of material, people, equipment, and supplies required to perform each activity is:

  1. Estimate Activity Workload
  2. Estimate Activity Input
  3. Resource calendars
  4. Estimate Activity Resources
Correct Answer

Q10. You are managing a project that has a task to translate several pages of a document into Spanish. This is similar to a project done last year when a document was translated into German. You are not sure how long it will take to translate into Spanish, so you look at the project plan from the German translation and use that activity duration for your current project. What type of estimating is this an example of?

  1. Hypothesis
  2. Parametric Estimating
  3. Analogous Estimating
  4. What-if Scenario Analysis
Correct Answer










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