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Project Management Question Bank
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During the execution phase, some equipment fails; the risk owner implements the contingency plan and brings in new equipment immediately from an identified supplier. This is an example of:
  1. Unknown risk
  2. Known risk
  3. Secondary risk
  4. Residual risk

Q2. The engineering resource group, a matrix organization of which a project manager’s project team is a part, has a policy of no salary bonuses for project work. The project manager’s current project has an aggressive timeline and a difficult technical obstacle to overcome. A new product offering is dependent on this project’s success in the current timeline. The project manager has heard grumbling from his team members about the fact that they cannot be rewarded for their effort. What is the FIRST thing the project manager should do?

  1. The project manager should determine whether other team members from another department can help with the project.
  2. The project manager should talk to management to determine other rewards that can be given.
  3. The project manager should negotiate a less aggressive schedule from the client.
  4. The project manager should talk with the team about the importance of getting this done on time and explain the company policy.
Correct Answer

Q3. Jane is worried about her project because many of her tasks are moving slowly, and two critical tasks may slip. She conducts a thorough resource analysis and finds out that there are five people who will be free next week. She would like to assign those people to finish her tasks early and prevent the project completion date from slipping. This is an example of:

  1. Management reserves
  2. Resource Leveling
  3. Crashing
  4. Fast tracking
Correct Answer

Q4. You are building a mansion that will have copper roofs. The duration of the project will be approximately three years. You have built into the contract that, as the price of copper increases, your price increases as a percentage of the cost of the copper. However, all other costs are fixed. This is an example of what type of contract?

  1. Fixed Price with Economic Price Adjustment
  2. Fixed Price Incentive Fee
  3. Unit Price
  4. Time and Materials
Correct Answer

Q5. Checklists, fishbone diagrams, and Pareto charts are ALL examples of:

  1. Tools used to define scope
  2. Tools used in quality management
  3. Tools used in team performance assessments
  4. Parts of a project management plan.
Correct Answer

Q6. When are risk identification activities performed?

  1. During the Perform Qualitative Risk Analysis process
  2. During the Plan Risk Management process
  3. During the Perform Quantitative Risk Analysis process
  4. Ongoing throughout the project
Correct Answer

Q7. Sandra is managing a new supersonic aircraft design project. This is a huge project and the success of this project is very critical for her organization. For such mission-critical projects, which of the following is the most desirable engagement level for all major project stakeholders?

  1. Supportive stakeholders
  2. Resistant stakeholders
  3. Leading stakeholders
  4. Neutral stakeholders
Correct Answer

Q8. Which of the following is done during the Create WBS process?

  1. Product analysis
  2. Project selection
  3. Decomposition
  4. Alternatives identification
Correct Answer

Q9. Early in the life of your project, you are having a discussion with the sponsor about what estimating techniques should be used. You want a form of expert judgment, but the sponsor argues for analogous estimating. It would be BEST to:

  1. Agree to analogous estimating as it is a form of expert judgment
  2. Suggest life cycle costing as a compromise
  3. Determine why the sponsor wants such an accurate estimate.
  4. Try to convince the sponsor to allow expert judgment because it is typically more accurate.
Correct Answer

Q10. You are in the process of creating, collecting, distributing, storing, retrieving, and the ultimate disposition of project information in accordance with the communications management plan. What is the output of this process?

  1. Project management plan update
  2. Communication management plan
  3. Change requests
  4. Work performance information
Correct Answer

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