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Project Management Question Bank
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Question:

If an investment in a project returns 15 percent annually, how much should you invest to get $5 million by the end of the fifth year?
  1. 2485884
  2. 2857143
  3. 2501376
  4. 2685292






Q2. The network expansion project you just took over is said to be doing pretty well. The previous project manager only used variances to tell the current project status. In the last report you find SV = US $50,000, CV = US $10,000, PV = US $500,000. You know the rate of spending and schedule progress are important as well. Based on the details you have been given what are the SPI and CPI?

  1. 0.90, 1.02
  2. 1.10, 1.02
  3. 0.91, 0.98
  4. 1.11, 0.98
Correct Answer

Q3. ________ refers to non-random data points that are grouped together on one side of the mean of a control chart.

  1. Specification limits
  2. Lower control limit
  3. Rule of seven
  4. 6 sigma
Correct Answer

Q4. You work at a software company that authors Material Safety Data Sheets (MSDS) for chemical companies. Prior to releasing the MSDS to the company, you have created a list of items for review to ensure they appear in the document. These items include chemical name, CAS#, protection required, what to do in an emergency, etc. This list is an example of what type of tool?

  1. Checklist
  2. Process Improvement Plan
  3. Quality Management Plan
  4. Quality Metrics
Correct Answer

Q5. The sponsor assigns you to be the project manager of a project that crosses functional lines and is designed to operate a 6 sigma levels. The sponsor has given you cost and schedule requirements. Which of the following would NOT be an appropriate action on your part?

  1. Accepting the requirements
  2. Evaluating the project risks
  3. Creating a detailed estimate
  4. Working with the team to come up with a project management plan
Correct Answer

Q6. Due to the scarce nature of organizational resources, several trends have become popular in the past several years. Which of the following is NOT a resource management method:

  1. Kaizen
  2. Critical path method
  3. Total productive maintenance
  4. Theory of constraints
Correct Answer

Q7. There are a number of risks that have been identified in your project. The team has decided not to change the project plan to deal with the risks, but they have established a contingency reserve of money in the event something triggers these risks. This is an example of what type of risk mitigation technique?

  1. Contingent Response Strategy
  2. Active acceptance
  3. Passive acceptance
  4. Avoidance
Correct Answer

Q8. Your project team is located in different locations. Your schedule is delayed and you’re facing many issues. Which of the following is the best solution to this problem?

  1. Give training to team members
  2. Warn them to improve performance
  3. Co-locate them
  4. Review the project management plan
Correct Answer

Q9. As the project manager, you are preparing your methods of quality management. You are looking for a method that can demonstrate the relationship between events and their resulting effects. You want to use a method to depict the events that cause a negative effect on quality. Which of the following is the BEST choice for accomplishing your objective?

  1. Histogram
  2. Pareto chart
  3. Ishikawa diagram
  4. Control chart.
Correct Answer

Q10. In a Finish-to-Start relationship between predecessor and successor activities, a project manager decides to schedule a successor activity five days before its predecessor is complete. This is accomplished by providing five days of:

  1. Lag
  2. Load
  3. Fast-tracking
  4. Lead
Correct Answer










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