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Project Management Question Bank

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Question:

To demonstrate your product, you develop a small functional model of your real product and show to your stakeholders to get their feedback. This model is known as:
  1. Simulation
  2. Sampling
  3. Prototype
  4. None of the above






2. There is a serious defect in the finished product of a project that was completed a few months ago, resulting in a recall campaign to recall the defective products. What would be the best classification for these types of costs?

  1. To complete performance index (TCP)
  2. Cost variance
  3. Cost of conformance
  4. Cost of nonconformance
Correct Answer


3. Because of the huge size of your project, you have divided it into several phases. After completing each phase, you hand it over to the client and then move on to the next phase. Which process ensures that the previous phase has met all of its requirements so you can move on to the next phase?

  1. Close procurement
  2. Validate scope
  3. Control scope
  4. Control quality
Correct Answer


4. As the project manager of a large project, you have just completed the Estimate Costs process. As you begin the Determine Budget process, which of the following would you require as inputs to the process from the Estimate Costs process?

  1. Activity cost estimates, basis of estimates
  2. Activity cost estimates, activity resource estimates
  3. Resource breakdown structure, agreements
  4. Activity cost estimates, staff management plan
Correct Answer


5. As a project manager, you are analyzing the costs incurred in a project. Which of the following costs cannot be classified under cost of nonconformance?

  1. Quality Assurance Costs
  2. Warranty costs
  3. Costs due to loss of reputation
  4. Rework costs
Correct Answer


6. Control Schedule is part of which Project Management process group?

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


7. You are assigned to a project that senior management has already decided to outsource. As a project manager, you need to work with the contracts department to select the vendor and then oversee the vendor through the project completion. Company policy requires that a project of this size go through a formal bid process. A vice president in your company tells you that his friend owns one of the companies that might bid on the project and that the company would be an excellent choice as a vendor. This vice president has a reputation for making or breaking careers. What is generally the BEST course of action?

  1. Follow the bid process, and show the vice president why the favored vendor is or is not the best choice
  2. Obtain written permission to bypass the formal bid process
  3. Let the evaluation team know that management has a favorite vendor
  4. Let the contracts department handle the situation
Correct Answer


8. Two efficiency indicators that reflect the cost and schedule performance of a project are:

  1. Cost Projection Index (CPI) and Schedule Projection Index (SPI)
  2. Cost Performance Index (CPI) and Schedule Performance Index (SPI)
  3. Actual Cost (AC) and Planned Value (PV)
  4. Cost Pricing Index (CPI) and Schedule Performance Index (SPI)
Correct Answer


9. You have been assigned as the project manager for a software development project. You are currently communicating with stakeholders and addressing their issues and expectations. Which of the following documents are inputs to this effort?

  1. The Issue log, Project charter, and Configuration management system
  2. The stakeholder engagement plan, communications management plan, and the change log
  3. The Project risk register, Work performance information, and Accepted deliverables
  4. Business case, change requests, and control charts
Correct Answer


10. Calculation of late finish dates and late start dates for the uncompleted portion of the project is called ____________.

  1. Schedule compression
  2. An arrow diagram
  3. A backward pass
  4. A forward pass
Correct Answer









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