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Project Management Question Bank
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Question:

To accommodate a new project in your department, you need to move resources from one project to another. Because your department is currently working at capacity, moving resources will inevitably delay the project from which you move the resources. It would cause the LEAST negative impact if you move resources from which of the following projects?
  1. Project A with a benefit cost ratio of 0.8, no project charter, and four resources
  2. Project B with a net present value of $60,000, 12 resources, and variable costs between US $1,000 and $2,000 per month
  3. Project C with an opportunity cost of US $300,000, no project control plan, and an internal rate of return of 12 percent
  4. Project D with indirect costs of US $20,000 and 13 resources






Q2. Your project is ahead of schedule but over budget. Therefore, you ask your team member to collect data and compare it with the cost baseline. Which of the following is not included in the cost baseline?

  1. Contingency reserve
  2. Activity cost estimation
  3. Management reserve
  4. Activity contingency reserve
Correct Answer

Q3. Diana is managing the development of a mobile phone application. Half the project work has been completed. Diana is currently reviewing her stakeholder engagement plan. She finds that some of the resisting stakeholders have now become supportive. How should Diana update her stakeholder engagement plan?

  1. Do not update the stakeholder engagement plan at this stage since things are getting better.
  2. Transfer these stakeholders to the project supporters group, and for these stakeholders, adopt the stakeholder engagement strategy defined for the project supporters.
  3. For these stakeholders, continue with the defined resisting stakeholder engagement strategy since this strategy has produced positive results so far.
  4. Transfer these stakeholders to the project supporters group but continue with the defined resisting stakeholder engagement strategy with these stakeholders.
Correct Answer

Q4. When should a schedule baseline be created and used?

  1. At the beginning of the project and used to compare schedule performance on status reports
  2. At the end of the project and then used to measure team performance
  3. At the end of the project and included in the archive
  4. At the beginning of the project and used during the project to measure performance
Correct Answer

Q5. You are working as the project manager on a mega-construction project. You need to prepare a quarterly report for the project investors. You need to collect work performance data and convert that into work performance information. Which of the following processes produces work performance data?

  1. Direct and Manage Project Work
  2. Control Schedule
  3. Control Costs
  4. Manage Communications
Correct Answer

Q6. The scope baseline can BEST be said to include the:

  1. WBS and project scope statement
  2. Project scope management plan and project scope statement
  3. Project scope management plan and WBS
  4. WBS and project charter
Correct Answer

Q7. What should be done with risks on the watch list?

  1. Document them for historical use on other projects.
  2. Document them, and then revisit them during project monitoring and controlling
  3. Document them, and set them aside because they are already covered in your contingency plans
  4. Document them, and given to the customer.
Correct Answer

Q8. An obstacle to team building in a matrix organization is that the:

  1. Team organization is technically focused
  2. Team members are borrowed resources and can be hard to motivate.
  3. Teams are too centralized
  4. Teams are too large and therefore very hard to handle.
Correct Answer

Q9. A team member tells the project manager that her activity will be delayed four weeks. The project manager investigates and determines that the delay will affect the project’s completion date. Who should approve the change?

  1. Change control board
  2. Project manager
  3. Team member
  4. Sponsor
Correct Answer

Q10. Double declining balance is a form of:

  1. Decelerated depreciation
  2. Straight line depreciation
  3. Accelerated depreciation
  4. Life cycle costing 0
Correct Answer










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