IRGST

Home Question Bank Online Exams Job Interview Q&A Job Description How To Quotes and Sayings Articles Jobs Personality Tests Personality Types About Contact Us Sign in/up

Project Management Question Bank
for Exam preparation

Select Knowledge area

Question:

To assist with the selection of a supplier for a large procurement on your project, you have hired a consultant. The consultant has prepared an independent estimate to be used as a benchmark while reviewing bids on the RFP. The independent estimate is confidential and is not shared with any bidders. When the sealed bids are opened, you discover that only one supplier has submitted a quote lower than the independent estimate. All other quotes are 45 percent to 70 percent higher than the benchmark. While discussing this development with members of the project team, you learn a distant relative of the consultant owns the company with the lowest bids. What is the best course of action?
  1. Confirm the lowest bidder has understood the requirements and award them the contract
  2. Since one of the suppliers knows more than others, you must disclose the independent estimate to all others to be fair
  3. Disqualify the lowest bidder
  4. Review the RFP specifications and requirements






Q2. A project manager needed to shorten a project schedule and decided to employ crashing, a schedule compression technique. Which of the following activities would not be an example of crashing?

  1. Bringing in additional resources
  2. Reducing project scope
  3. Paying to expedite delivery activities
  4. Approving overtime
Correct Answer

Q3. A control chart helps the project manager:

  1. Focus on the most critical issues to improve quality
  2. Focus on stimulating thinking
  3. Explore a desired future outcome
  4. Determine if a process is functioning within set limits.
Correct Answer

Q4. Which chart allows a project manager to indicate the number of resources used each month?

  1. Responsibility assignment matrix
  2. Resource histogram
  3. Project organizational chart
  4. Pareto chart.
Correct Answer

Q5. A control chart shows that the last eight pipes produced were all less than average weight. You need to inform management that there is a problem because the situation violates the:

  1. Rule of seven
  2. Rule of eight
  3. 50/50 rule
  4. 3 sigma rule.
Correct Answer

Q6. A project manager gathered data to perform earned value calculations on his project. He used the results to report to management that the project is under budget and on schedule. After reporting this information, he discovered that the base figures he used in the calculations were incorrect, as they came from an old copy o the project line which had not been updated. What should he do now?

  1. He should contact management to make them aware of the error, give the correct information, and explain how he made the mistake
  2. He should contact management and tell them to expect some changes in the next reporting period, and that things are starting to look gloomy
  3. He should use the correct figures to calculate the information when it is time for the next report and ignore the fact the he reported incorrect information.
  4. He should tell management that the data he received from team members was incorrect and thus the report was not accurate.
Correct Answer

Q7. Which of the following is an output of the Define Activities process?

  1. A WBS
  2. An activity list
  3. A network diagram
  4. A project schedule
Correct Answer

Q8. Which of the following is the BEST tool for showing the team the project schedule status during project executing?

  1. Milestone chart.
  2. Bart chart.
  3. Work breakdown structure.
  4. Network diagram
Correct Answer

Q9. Perform Qualitative Risk Analysis is a quick way to prioritize how a project team will respond to risks. It is based on risk _________________ and _________________.

  1. Probability, exposure
  2. Probability, impact
  3. Probability, focus
  4. Exposure, cost
Correct Answer

Q10. The project manager of a large construction project is responsible for ensuring that all changes to the building plans are approved and tracked before they are implemented. These activities form part of which process?

  1. Validate Scope
  2. Perform Configuration Management
  3. Perform Integrated change control
  4. Control Quality
Correct Answer










User Agreement| |Privacy Policy