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Project Management Question Bank
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As the project manager of a project, you had estimated certain activity durations before acquiring all project team members. On acquisition, you find that their actual competency levels are much lower than what you anticipated. In such a case, you will:
  1. Make no changes to the schedule
  2. Ask the project team members to meet the original schedule by putting in overtime, if required
  3. Make changes to activity duration and schedule incorporating the changed competency levels
  4. Inform the customer that the project is behind schedule

Q2. You have a contract to build a manufacturing plant in Kuala Lumpur. However, you are not familiar with the building codes in Kuala Lumpur or Malaysia, so you are reviewing all their building codes prior to “turning a shovelful of earth.” This is an example of:

  1. Project initiation
  2. Quality assurance
  3. Quality planning
  4. Quality control
Correct Answer

Q3. A project is seriously delayed. Earned value analysis shows the project needs to be completed 10 percent faster than the work has been going. To get the project back on track, management wants to add 10 people to an activity currently assigned to one person. The project manager disagrees, noting that such an increase will not produce an increase in speed. This is an example of:

  1. The law of diminishing returns
  2. Fast tracking
  3. Earned value
  4. Life cycle costing
Correct Answer

Q4. Few project managers collect lessons-learned information throughout the project’s life. Most tackle this in the final days of the project or, worse, after the project is complete. What is the negative consequence of this approach?

  1. It makes compiling and obtaining project information difficult.
  2. It might result in further expenses on the project.
  3. The project’s NPV becomes zero.
  4. It requires hiring a specialist to do the job.
Correct Answer

Q5. Total float is the amount of time an activity can be delayed without delaying the:

  1. Project
  2. Completion date required by the customer
  3. Early start of its successor
  4. Project completion date 34
Correct Answer

Q6. A project manager has just been assigned to a project that has been in progress for two months when a team member requests more time on an activity he is working on. The project manager discovers that the only impact to the project will be a delay on a noncritical path activity. The customer has emphasized the importance of completing the project on schedule. What should the project manager do NEXT?

  1. Submit the information to the change control board, determine if this event might impact the team member’s future work, inform the team member of the board’s decision
  2. Ask the team member why they need more time, begin integrated change control, adjust the project schedule as needed
  3. Look for impacts to quality, cut unneeded scope from the project, ask for more resources
  4. See if any stakeholders object to the change, calculate the exact impact on the project, look at removing this resource from the project
Correct Answer

Q7. Your company is undergoing a change in ownership and the new owners are looking at the total cost of a new product. Which of the following would BEST provide that information?

  1. Estimate at completion
  2. Life cycle cost
  3. Earned value
  4. Net present value
Correct Answer

Q8. The preparation of the scope baseline can BEST be described as involving:

  1. The functional managers
  2. The project team
  3. All the stakeholders
  4. The project expediter.
Correct Answer

Q9. The banks in the Ukraine have raised the annual interest rates sharply to 30 percent. You have the option to invest your money either in Ukrainian banks or to build a small factory for a client. The total cost of building the factory will be $12 million but it will spread evenly over one year ($1 million payable by the end of each month for the next 12 months). The client will make a payment of $3.9 million at the end of each quarter from the start of the project. Which of the following is the best option (if you are only considering the return on investment)?

  1. Build the factory for the client
  2. Invest the money in the bank for a year
  3. Both options offer the same payoff
  4. Information given is insufficient to determine the best option
Correct Answer

Q10. Which of the following defines things the project manager needs to do regarding cost?

  1. Never just accept constraints from management, periodically recalculate the estimate to complete, meet any agreed-upon estimates
  2. Meet any agreed-upon estimates, estimate larger-sized work components, accept constraints from management
  3. Periodically recalculate the estimate to complete, increase estimates by eliminating risks, re-estimate when changes are requested
  4. Never recalculate the estimate to complete, never just accept constraints from management, and only use historical records for accurate estimates.
Correct Answer

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