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Project Management Question Bank
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Question:

Which of the following risk events is MOST likely t interfere with attaining a project‘s schedule objective?
  1. Delays in obtaining required approvals.
  2. Substantial increases in the cost of purchased materials.
  3. Contract disputes that generate claims for increased payments
  4. Slippage of the planned post-implementation review meeting






Q2. You are managing a project with a large multinational staff. Susan, one of the engineers, was originally asked to deliver her part of the work on October 19. Due to a change in the critical path, her deliverable will be needed two days sooner. However, as the new deadline is still two weeks away and she is ahead of schedule, you are confident her delivery will be on time. During a staff meeting, you learn from John, her functional manager, that Susan celebrates a religious holiday on October 17. However, he also tells you that Susan is not particularly religious; if pushed a bit and offered some incentive, she may forego celebrating this holiday and come to work. What should you do?

  1. Check whether one of her colleagues can share some of her workload this week
  2. Increase her project incentive if she agrees to deliver her presentation on the 17th
  3. Let the critical path remain the same
  4. Ask her boss to ask her to skip the holiday
Correct Answer

Q3. You have just received an invoice from your supplier that contains some uncertified items. Payments to the supplier are processed through your corporate accounts payable system only after certification of satisfactory work by the project quality control specialist. What should you do?

  1. Process the supplier’s invoice since this is your liability
  2. Call the supplier and obtain more information
  3. Ask the supplier to stop all deliveries until the matter has a resolution
  4. Seek judicial arbitration
Correct Answer

Q4. The client has given you a project to build a research center for him. You have met with all stakeholders, noted down their requirements, and you are now deciding which requirements should be included in the project and which should not. What process is this?

  1. Identify stakeholders
  2. Collect requirements
  3. Define scope
  4. Define requirements
Correct Answer

Q5. You are sitting with your team members and experts in a room and defining the definition of probability of events occurring and the impact. What process is this?

  1. Identify risks
  2. Perform qualitative risk analysis
  3. Plan risk management
  4. Plan risk responses
Correct Answer

Q6. A parking lot fencing project was bid at US $11 per foot, and one company is doing all the work. The parking lot has four equal sides of 125 feet and requires the installation of a six-foot diameter culvert on one side. Fencing should be installed at a rate of 100 feet per day. The culvert installation will cost US $500 and take one day to complete. The culvert must be installed before work can begin on that side of the fence. After three days of work, one side is complete, another project has 75 feet installed, and the culvert is completely installed. What is the current status of the project?

  1. The budget is neutral with a cost variance of $0
  2. It is over budget, with a cost variance of -$1,100.
  3. It is under budget, with a cost variance of +$500 due to the completion of the culvert installation
  4. It is over budget with a cost variance of +$125.
Correct Answer

Q7. Which of the following are ALWAYS inputs to the risk management process EXCEPT:

  1. Historical information.
  2. Lessons learned.
  3. Work breakdown structure.
  4. Project status reports.
Correct Answer

Q8. Lucy has to brief her key project stakeholders on the recent approved changes to the project scope. Which of the following project documents will provide essential input to Lucy for preparing her presentation?

  1. Change request form
  2. Change control procedures
  3. Change log
  4. Issue management procedures
Correct Answer

Q9. Lucy has recently been assigned as the project manager for a new shopping mall construction project. Since the project will span well over five years, Lucy is a bit hesitant to use the current market rates for estimating construction materials cost. The prices have been steadily increasing and the current market rates might not remain valid in the future. Which of the following techniques can Lucy apply to determine her project budget?

  1. Conduct a trend analysis on the cost of materials and use that to extrapolate the cost of materials in the future.
  2. Determine the cost of the project using current market rates and increase the total budget by some factor.
  3. Compute the Net Present Value of the cost of materials and use that to determine the project budget.
  4. Use Rolling Wave Planning to determine the budget as the project progresses.
Correct Answer

Q10. You have joined AVC Corp and are immediately assigned a project. The project charter is signed, stakeholders have been identified and now you are classifying them according to the direction of influence. Which of the following is not a way to classify the project stakeholders under this technique?

  1. Upward
  2. Downward
  3. Inward
  4. Outward
Correct Answer










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