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Project Management Question Bank
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Question:

Different types of contracts are appropriate for different types of purchases. Which of these is not one of the three broad categories of contracts?
  1. Cost-reimbursable
  2. Time and Material
  3. Fixed-price or lump sum
  4. Fixed assessment






Q2. Which of the following BEST describes the Validate Scope process?

  1. It provides assurances that the deliverable meets the specifications, is an input to the project management plan, and an output of Perform Quality Control.
  2. It ensures that the deliverable is completed on time, ensures customer acceptance, and shows that the deliverable meets specifications.
  3. It ensures customer acceptance, shows that the deliverable meets specifications, and provides a chance for differences of opinion to come to light.
  4. It is an output of Perform Quality Control, occurs before Define Scope, and ensures customer acceptance.
Correct Answer

Q3. PMBOK offers a number of tools and techniques for all the project management processes. These tools and techniques must be carefully applied in order to meet the objectives of any process. Which of the following is not a tool or technique of the Plan Stakeholder Engagement process?

  1. Expert judgment
  2. Meetings
  3. Decision-making
  4. Interpersonal skills
Correct Answer

Q4. What is the MAIN reason for controlling the project scope?

  1. To enable scope creep
  2. To prevent changes from affecting the project
  3. To ensure timely closure of the project
  4. Preventing scope creep
Correct Answer

Q5. You have been given a task to find cost estimates for several projects, and your organization will submit its bid based on these estimates. The financial position of the organization is not very good; therefore, they tell you that they cannot invest more than 500,000 USD. They also give you a leeway of 10% on either side of it. This leeway is a part of:

  1. Organizational process assets
  2. Enterprise environmental factors
  3. Threats
  4. Opportunities
Correct Answer

Q6. You and your management are inspecting project deliverables with the client and are determining if this is as per the stated requirements or not. Which of the following statement is true about the above process?

  1. You are in the verify scope process.
  2. You are in the validate scope process.
  3. You are in the executing process group.
  4. You are doing the quality control process.
Correct Answer

Q7. You are the project manager for a new international project, and your project team includes people from four countries. Most of the team members have not worked on similar projects before, but the project has strong support from senior management. What is the BEST thing to do to ensure that cultural differences do not interfere with the project?

  1. Spend a little more time creating the work breakdown structure and making sure it is complete
  2. As the project manager, make sure you choose your words carefully whenever you communicate
  3. Ask one person at each team meeting to describe something unique about their culture.
  4. Carefully encode all the project manager’s communications.
Correct Answer

Q8. 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

Q9. As a project manager, you perform various project performance measurements to assess the magnitude of variation. You then attempt to determine the cause and decide whether corrective action is necessary. This is:

  1. Scope Analysis
  2. Variance Analysis
  3. Performance Reporting
  4. Configuration Management
Correct Answer

Q10. Which of the following is not a management skill that a project manager will use to get support from the stakeholders?

  1. Facilitate consensus
  2. Resolving conflicts
  3. Negotiate agreement to satisfy needs
  4. None of the above
Correct Answer










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