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During risk planning, you encounter a risk that you find difficult to manage; therefore, you make small changes to your project management plan to eliminate the risk. Which risk response strategy are you using here?
  1. Avoid
  2. Mitigate
  3. Accept
  4. Exploit

2. A project manager is having problems with how two of the parts fit together on the new computer and the software uploads to the system. To plan a strategy for resolving these problems, it is BEST to determine if the problems are:

  1. Nonconforming
  2. Statistically independent
  3. Impacting quality
  4. Normally distributed.
Correct Answer

3. Which of the following processes belong to the planning process group?

  1. Identify Stakeholders
  2. Manage Stakeholder Engagement
  3. Plan Stakeholder Engagement
  4. Monitor Stakeholder Engagement
Correct Answer

4. Which of the following statements is not accurate about the initial phase of a project?

  1. The highest uncertainty is at this stage of the project.
  2. The cost associated at the beginning of the project is highest.
  3. Stakeholders have maximum influence during this phase.
  4. Staffing levels are the lowest at this stage.
Correct Answer

5. You have been assigned as a project manager of a new project to be executed out of New York. However, you determine the project requires a Global Positioning Systems expert who is not available within the company in New York. After doing a little checking, you determine that the company has an expert based in London who is suitable for the project. However, the London-based employee is not willing to relocate to New York for the project. In such a case:

  1. Write to the manager of the London-based employee and inform him that the employee needs to be convinced to relocate to New York due to project requirements.
  2. You look at the option of moving ahead with the project by using a virtual team.
  3. Manage the project without the key resource and flag this as a risk.
  4. Co-location of resources is a key factor for the success of projects. As per PMI guidelines, you cannot proceed with the project since the resources are not available in New York.
Correct Answer

6. Large organizations typically manage a wide range of projects; from small projects to large initiatives requiring long-term commitments. Which of the following factors can be used in scaling such projects:

  1. Team size, geographical distribution, regulatory compliance, organizational complexity, technical complexity, and funds availability.
  2. Team size, geographical distribution, regulatory compliance and organizational complexity.
  3. Team size, geographical distribution and regulatory compliance.
  4. Team size, geographical distribution, regulatory compliance, organizational complexity and technical complexity.
Correct Answer

7. Resource requirements are determined:

  1. Before the project schedule and after the network diagram
  2. After the project schedule and project scope statement
  3. After the project schedule and WBS
  4. Before the project scope statement and the network diagram 43
Correct Answer

8. The principal use of a Pareto chart is to:

  1. Focus attention on the most critical issues
  2. Quantify risks
  3. Help predict future problems
  4. Improve risk management.
Correct Answer

9. Which of the following is the BEST method to make reward systems MOST effective?

  1. Pay a large salary increase to the best workers
  2. Give the team a choice of rewards
  3. Make the link between performance and reward clear
  4. Present notification of rewards within the company.
Correct Answer

10. In which project management process group is the project manager likely to be more coaching?

  1. Initiating
  2. Planning
  3. Executing
  4. Monitoring and controlling.
Correct Answer

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