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Project Management Question Bank
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Question:

You are working as a project manager for a high-yield crop development project. Data from the weather agency shows an unfavorable weather pattern for the next few months. As a senior project manager, you want to assess the schedule’s feasibility under adverse conditions and provide some insights to your team. That way, your team can prepare some reserves and plan risk responses if unfavorable conditions exist during execution. Which of the following techniques should you use to simulate risks and other sources of uncertainty to calculate possible schedule outcomes?
  1. Pareto charts
  2. Variance analysis
  3. Crashing
  4. Monte Carlo analysis






Q2. A project involved development of a high-speed, hard disk drive. As part of its testing, the hard disk was subjected to continuous operation at a high speed and an elevated temperature. At the end of the test, the hard disk was destroyed beyond use. The cost of such testing is usually classified as:

  1. Appraisal costs
  2. Internal failure costs
  3. Cost of nonconformance
  4. Prevention costs
Correct Answer

Q3. Which of the following BEST describes an opportunity on a project?

  1. Team members will learn more about spy satellites, and will be able to use that information on future projects.
  2. The requirements might need updating later.
  3. The quality requirements are hard to achieve.
  4. Additional engineering may be needed in order to get the satellite to meet the customer’s requirements.
Correct Answer

Q4. The costs on a project are typically classified as direct and indirect costs. The cost of electric utilities for the office is:

  1. An indirect cost
  2. Appraisal cost
  3. A specific cost
  4. A direct cost
Correct Answer

Q5. Developing alternative activity sequence is an example of:

  1. Risk transfer
  2. Risk aversion
  3. Risk identification
  4. Contingency planning
Correct Answer

Q6. A software development project team has determined that the best way to mitigate the risk of not having the computational resources to complete all bug testing on schedule is to add three more servers to the test bed. However, the network may not have enough capacity to handle the extra load of those three servers and could fail. This type of risk is a _______________ risk.

  1. Secondary
  2. Simulation
  3. Bottleneck
  4. Hidden
Correct Answer

Q7. A manager asked to see a list of milestones in the project. This would be available as an output from the:

  1. Sequence Activities process
  2. Define Scope process
  3. Estimate Activity Durations process
  4. Define Activities process
Correct Answer

Q8. Which of these is not an established Estimate Activity Durations technique?

  1. Three Point Estimating
  2. Parametric Estimating
  3. Analogous Estimating
  4. Critical Path Estimation
Correct Answer

Q9. You have identified a risk that will negatively affect your security project. You and your team have decided to use an older encryption technology because of the high risk associated with the new technology. What type of risk strategy are you using?

  1. Mitigation
  2. Exploitation
  3. Avoidance
  4. Transfer
Correct Answer

Q10. Which of the following BEST describes formal acceptance of a project?

  1. Substantial completion is reached
  2. Customer sign-off of the product is documented
  3. Final payment is made
  4. Final deliverables are sent to the customer
Correct Answer








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