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Project Management Question Bank
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Question:

Variance analysis refers to cost performance measurements used to determine the magnitude of variation in comparison to the original cost baseline. What is the trend on the percentage range of acceptable variances as the project progresses?
  1. The percentage range of acceptable variances will tend to decrease as the project progresses.
  2. The percentage range of acceptable variances will tend to increase as the project progresses.
  3. The percentage range of acceptable variances will tend to decrease first and then increase as the project progresses beyond 50 percent completion.
  4. The percentage range of acceptable variances remain the same as the project progresses.






Q2. The project manager is trying to recall a stakeholder's preferred communication method. Where can she find that information?

  1. RACl chart
  2. Stakeholders engagement assessment matrix
  3. Stakeholder management plan
  4. Human resource management plan 44
Correct Answer

Q3. For projects where a business analyst collaborates with the project managers in managing the project scope, which of the following task is most likely to be performed by the business analyst?

  1. Acquire project resources
  2. Monitor the change control process
  3. Elicit, document, and manage stakeholder requirements
  4. Control project costs
Correct Answer

Q4. An issue has arisen which forces you to schedule a meeting with your stakeholders. A project team member tells you that one of your influential stakeholders may not come to the meeting because of a personal issue. You choose not to take any action because you think that you will manage without the presence of this stakeholder. What kind of risk response strategy are you using here?

  1. Accept
  2. Avoid
  3. Neglect
  4. Mitigate
Correct Answer

Q5. The Earned Value Management methodology can be used to:

  1. Forecast future performance based on current performance
  2. Calculate the number of days left in the project
  3. Calculate the value provided to the customer
  4. Calculate the profitability of the project
Correct Answer

Q6. A number of deliverables were submitted to the buyer as part of a project. Where would the project manager find documentation on the requirements for formal deliverable acceptance and on how nonconforming deliverables can be addressed?

  1. In the SOW
  2. In the lessons-learned document
  3. In the deliverable release note
  4. In the agreement
Correct Answer

Q7. A project manager has been working on a project for six months with the same team, yet the team still shows a lack of support for the project. The BEST thing the project manager can do to obtain the team’s support for the project is to:

  1. Re-evaluate the effectiveness of the reward system in place.
  2. Talk to each team member’s boss with the team member present.
  3. Find someone else to be project manager.
  4. Tell the team members he needs their support, and ask the team members why they do not support the project.
Correct Answer

Q8. The stakeholder engagement plan is a subsidiary plan of the project management plan. It includes the strategies required to effectively engage project stakeholders. An ineffective stakeholder engagement strategy can lead to project failure. The stakeholder engagement plan:

  1. Must be formal and highly detailed
  2. Must be formal but broadly framed
  3. Can be formal or informal but must be highly detailed
  4. Can be formal or informal, highly detailed or broadly framed
Correct Answer

Q9. You are a project manager who is in charge of an important project for your company. The project is 40 percent complete after three months and has cost $350,000. The budget for the project is $950,000 and is scheduled to last eight months. How is the project performing?

  1. The project is behind schedule and over budget.
  2. The project is ahead of schedule and under budget.
  3. The project is behind schedule and under budget.
  4. The project is ahead of schedule and over budget.
Correct Answer

Q10. 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










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