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Project Management Question Bank
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You are determining the probability and impact of risks in order to find the expected monetary value and then the contingency reserve. Which of the following statements is true about the expected monetary value?
  1. You don't consider positive risks while calculating the EMV
  2. You consider positive as well as negative risks while calculating the EMV
  3. It is a tool and technique of the Perform Qualitative Risk Analysis Process
  4. None of the above

Q2. You have just completed a solid waste management project in an underdeveloped country. The contractor you are working for has a strict policy of abiding by local laws and rules although the local resources working on the project have a much more lax approach to following laws and policies. Now at the end of the project, you are handing over the operational equipment to the local operators and disposing of the leftover inventory and other materials that were used during the project. More than 50 percent of the toxic materials used during the project remains in your inventory. There is no law that would prohibit you from disposing of either the type or quantity of remaining materials in the local sewage system. What should you do?

  1. Give the material to local resources to dispose of by selling it to a recycling facility
  2. Do not dispose of the materials improperly
  3. Dispose of the material in the local sewage system; there is no law applicable here
  4. Abandon the materials in the project facility you are handing over to the local operators
Correct Answer

Q3. Which of the following is NOT a knowledge management tools and technique?

  1. Networking
  2. Change requests
  3. Knowledge fairs and cafes
  4. Storytelling
Correct Answer

Q4. You are assisting Benjamin, another project manager, to interview candidates for a resource position on his project. While reviewing your interview notes together, you notice that he sorts the candidate‘s resumes into two piles: One pile for further interviews, the other for candidates that did not meet the requirements for the position. You also notice that he has placed several of the highly qualified candidates in the second pile, stating that those interviewees "did not fit the corporate profile." Upon further review, you discover that all these candidates are of the same ethnic group. What do you do?

  1. Excuse yourself from the interviewing process
  2. Report this to the appropriate management
  3. File a complaint with PMI
  4. Do nothing
Correct Answer

Q5. The project team has created a plan for how they will implement the quality policy. It addresses the organizational structure, responsibilities, procedures, and other information about plans for quality. If this changes during the project, WHICH of the following plans will also change?

  1. Quality assurance.
  2. Quality management
  3. Project management
  4. Quality control.
Correct Answer

Q6. A resource histogram shows resources by:

  1. Unit of time
  2. Activity.
  3. Area of expertise
  4. Phase.
Correct Answer

Q7. Linear programming is an example of what type of project selection criteria?

  1. Constrained optimization
  2. Comparative approach
  3. Benefit measurement
  4. Impact analysis
Correct Answer

Q8. An effective quality audit should be:

  1. Structured and independent
  2. Informal and independent
  3. Informal and internal
  4. Structured and internal
Correct Answer

Q9. What BEST describes the role of the project team members?

  1. To perform the project’s work
  2. To approve the change requests
  3. To accept ultimate responsibility for the project’s success
  4. To authorize the project
Correct Answer

Q10. An automotive designer uses a certain technique to determine which combination of suspension and tires will produce the most desirable ride characteristics at a reasonable cost. To do this, the designer employs a statistical framework and systematically changes all the important parameters instead of changing the factors one at a time. This method is known as:

  1. Design of Experiments
  2. Nominal Group Technique
  3. Statistical Sampling
  4. Force Field Analysis
Correct Answer

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