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Project Management Question Bank
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Question:

Identification of new risks, reassessment of old risks, and closing of outdated risks are part of the Monitor Risks process. How often should project risk reassessment be scheduled?
  1. It depends on how the project progresses relative to its objectives.
  2. Reassessment is necessary at the 50 percent and 75 percent stages of project completion.
  3. Reassessment is necessary at the 25 percent, 50 percent, and 75 percent stages of project completion.
  4. Reassessment is necessary at the 20 percent, 40 percent, 60 percent and 80 percent stages of project completion.






Q2. Which of the following BEST describes the difference between the Control Scope process and Perform Integrated Change Control?

  1. Control Scope focuses on making changes to the product scope and Perform Integrated Change Control focuses on making changes to integration.
  2. Control Scope focuses on controlling the scope of the project and Perform Integrated Change Control focuses on determining the impact of a change of scope on time, cost, quality, risk, resources, and customer satisfaction
  3. Control Scope focuses on controlling the scope of the project and Perform Integrated Change Control focuses on making changes to integration
  4. Control Scope focuses on making changes to the product scope and Perform Integrated Change Control focuses on determining the impact of a change to scope, time, cost, quality, resources, and customer satisfaction.
Correct Answer

Q3. Stakeholders can be identified in which project management process groups?

  1. Initiating, planning, executing, and monitoring and controlling
  2. Initiating and planning
  3. Planning and monitoring and controlling
  4. Monitoring and controlling and closing
Correct Answer

Q4. A stakeholder's mental picture or belief about the future is:

  1. A Requirement.
  2. A Heuristic.
  3. An Expectation.
  4. A Constraint.
Correct Answer

Q5. You are working as a project manager for a wind-powered vehicle manufacturing project which is in its planning phase. You carefully gathered all your requirements from your key stakeholders and prepared a system requirements specification and project requirements specification. While presenting your specifications to the project team, an enthusiastic project team member started talking about the duration estimates for each activity. Which of the following statements indicates your response to your team member?

  1. WBS creation and Schedule development must be done after estimating durations.
  2. Schedule development and Costs estimation must be done before estimating durations.
  3. Scope definition, WBS creation, Quality planning, and Communication planning must be done before estimating durations.
  4. Scope definition, WBS creation, Activity definition, and Activity sequencing must be done before estimating durations.
Correct Answer

Q6. Some project managers take communication lightly while managing a project. However, a good project manager must take communication very seriously and must be an effective and efficient communicator. Which of the following is not a fundamental attribute of effective communication?

  1. Clarity on the purpose
  2. Understanding receiver's communications requirements
  3. Relying on verbal communications
  4. Monitoring communications
Correct Answer

Q7. 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

Q8. You are about to begin negotiations with people from another country. Which of the following should provide guidance on what business practices are allowed and not allowed?

  1. The company code of conduct
  2. The project charter
  3. The scope management plan
  4. The negotiation plan
Correct Answer

Q9. David was required to investigate a business problem and describe the higher-level needs of the business as a whole. David’s final reports describes in detail the features, functions and characteristics of the product that will meet the business and stakeholder requirements. What is wrong with David’s report?

  1. David was asked to analyze the solution requirements, but he focused on the business requirements.
  2. David was asked to analyze the business requirements, but he focused on the solution requirements.
  3. David was asked to analyze the functional requirements, but he focused on the non-functional requirements.
  4. David was asked to analyze the non-functional requirements, but he focused on the functional requirements.
Correct Answer

Q10. A scope change is made on the project. You have determined the effect on the schedule, performed integrated change control, and adjusted the project baselines and the project management plan. What is the NEXT thing to do?

  1. Look for impacts to cost
  2. Notify stakeholders affected by the change.
  3. Submit the change to the change control board for approval
  4. Change the work breakdown structure.
Correct Answer








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