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Project Management Question Bank
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Question:

Joe is attempting to calculate the probable financial impact of some future uncertain scenarios. What method could he use?
  1. Pareto analysis
  2. Earned value analysis
  3. Variance analysis
  4. Expected monetary value analysis






Q2. Identifying and documenting the specific activities that must be performed to produce work packages is called:

  1. Define Scope
  2. Decomposition
  3. Define Activities
  4. Sequence activities
Correct Answer

Q3. The client informs you that he noticed some parts of the work are not being completed by your team. You ensure him you will look into it and give a proper response after verifying the facts. Which document will you refer to verify it?

  1. Scope statement
  2. WBS dictionary
  3. Schedule baseline
  4. WBS
Correct Answer

Q4. You have signed a multi-year contract with a customer to complete a project for a fixed price. Since the duration of the contract is long, you have added a provision to adjust the price of the contract according to the market inflation. What kind of contract is this?

  1. FPIF
  2. FP-EPA
  3. Time and material
  4. CPIF
Correct Answer

Q5. The project was going well when all of a sudden there were changes to the project coming from multiple stakeholders. After all the changes were determined, the project manager spent time with all the stakeholders to find out why there were changes and to discover any more. The project work has quieted down when a team member casually mentions to the project manager that he added functionality to a product of the project. Do not worry he says, “I did not impact time, cost, or quality!”

  1. Ask the team member how the need for functionality was determined
  2. Hold a meeting to review the team member’s completed work
  3. Look for other added functionality.
  4. Ask the team member how he knows there is no time, cost, or quality impact.
Correct Answer

Q6. All the monitoring and controlling processes and many of the executing processes can produce change requests as an output. Change requests may require corrective actions and preventive actions. Which of the following are normally affected by corrective and preventive actions?

  1. Defect repair
  2. Regressive baselines
  3. The project baselines
  4. The performance against baselines
Correct Answer

Q7. A manager has responsibility for a project that has the support of a senior manager. From the beginning, you have disagreed with the manager as to how the project should proceed and what the deliverables should be. You and she have disagreed over many issues in the past. Your department has been tasked with providing some key work packages for the project. What should you do?

  1. Provide the manager with what she needs
  2. Inform your manager of your concerns to get her support
  3. Sit down with the manager at the beginning of the project, attempt to describe why you object to the project, and discover a way to solve the problem
  4. Ask to be removed from the project.
Correct Answer

Q8. To help the project team function more efficiently on complex and interrelated activities, the project manager decides to use a war room. What does this mean?

  1. All the project records are kept in many locations
  2. The tools needed to accomplish the work are kept in one place with easy access by the team from various locations.
  3. The entire team is located in one area.
  4. The project’s entire senior management team is located in one area.
Correct Answer

Q9. Andrew is a project management guru hired by a retail giant in your country. Andrew finds out there is a wide array of projects that need to be managed from a central PMO; from a number of small projects to large initiatives requiring long-term roadmaps to manage the development of these programs. What project management approach should be recommended for such projects?

  1. A predictive approach, adaptive approach, or a hybrid of both, may need to be adopted.
  2. A predictive approach may need to be adopted.
  3. An adaptive approach may need to be adopted.
  4. Setting up PMOs for such a wide range of projects is not recommended.
Correct Answer

Q10. Which of the following gives you the cost estimate of your project if you continue to perform with the same cost performance?

  1. ETC
  2. VAC
  3. EAC
  4. BAC
Correct Answer










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