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Project Management Question Bank

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Question:

Management is sending a team of experts for a risk audit. You inform management that you have already completed the risk review process and did not find any shortcomings, so there is no need for a risk audit. However, management is firm on their decision. Which of the following is true about the risk audit and risk review?
  1. A risk audit is performed to see the effectiveness of a risk response plan
  2. A risk audit is performed to see if you are following the correct procedures
  3. A risk review is performed to see if you are following the correct procedures
  4. Both are the same but an audit is done by external experts and a review is done internally






Q2. The critical path method (CPM) calculates the theoretical early start and finish dates and late start and finish dates. The difference between the late and early start of a task is a:

  1. Free float
  2. Feeding buffer
  3. Danger zone
  4. Total float
Correct Answer

Q3. Daniel is the project manager for a factory construction project. Daniel has recently joined this organization and is not fully aware of the organization‘s culture and structure. In order to manage his project stakeholders, Daniel has to understand them better. Which of the following can provide Daniel some historical information regarding stakeholder engagement on previous projects?

  1. Project management plan
  2. Enterprise environmental factors
  3. Organizational process assets
  4. Project charter
Correct Answer

Q4. While sequencing activities for a project, the project management team applied certain discretionary dependencies. This was based on their knowledge of best practices within the project application area. What is the potential risk involved in using such dependencies?

  1. They can create fixed float values and create external dependencies.
  2. They can create arbitrary float values and limit later scheduling options.
  3. They can create arbitrary float values and create external dependencies.
  4. They can create arbitrary float values and create mandatory dependencies.
Correct Answer

Q5. If you are working on a project where there is no definite detailed scope, but there are similar projects in the past, what is the correct Estimate Activity Durations tool to use?

  1. Analogous Estimating
  2. Parametric Estimating
  3. Critical Path Estimation
  4. Three Point Estimating
Correct Answer

Q6. A manager notices that a project manager is holding a meeting with some of the team and some stakeholders to discuss the quality of the project. The project schedule has been compressed, and the CPI is 1.1. They have worked hard on the project, the team has been rewarded according to the reward system the project manager put in place, and there is a strong sense of team. The manager suggests that the project manager does not have enough time to hold meetings about quality when the schedule is so compressed. Which of the following BEST describes why the manager is wrong?

  1. Improved quality leads to increased productivity, increased cost effectiveness, and decreased cost risk
  2. Improved quality leads to increased productivity, decreased cost effectiveness, and increased cost risk.
  3. Improved quality leads to increased productivity, increased cost effectiveness, and increased cost risk
  4. Improved quality leads to increased productivity, decreased cost effectiveness and decreased cost risk.
Correct Answer

Q7. You evaluate your critical path and determine the project will be completed two weeks ahead of management’s expected due date. What should you do?

  1. Delay the project for two weeks
  2. Prepare a list of identified risks that did not occur
  3. Pull resources off the critical path to work on noncritical path activities
  4. Add extra features that will enhance the project and require two more weeks to complete.
Correct Answer

Q8. A project management plan should be realistic in order to be used to manage the project. Which o the following is the BEST method to achieve a realistic project management plan?

  1. The sponsor creates the project management plan based on input from the project manager
  2. The functional manager creates the project management plan based on input from the project manager
  3. The project manager creates the project management plan based on input from senior management
  4. The project manager creates the project management plan based on input from the team.
Correct Answer

Q9. You have floated a tender for your project, and to clarify some issues raised by bidders you are conducting a bidder conference. What will not be done in a bidder conference?

  1. Award the contract
  2. Clarify the doubt
  3. Explain the bid terms and conditions
  4. None of the above
Correct Answer

Q10. A project manager needed to shorten a project schedule and decided to employ crashing, a schedule compression technique. Which of the following activities would not be an example of crashing?

  1. Bringing in additional resources
  2. Reducing project scope
  3. Paying to expedite delivery activities
  4. Approving overtime
Correct Answer








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