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Project Management Question Bank

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You have joined a new organization and are assigned a project. This is a new type of project but the organization has completed many similar projects in the past. You decide to review the lessons learned from past projects. You go to the archives and ask for the lessons learned from past projects. Lessons learned is a part of which of the following?
  1. Organizational process assets
  2. Enterprise environment factor
  3. Project management plan
  4. Project archive

2. You are carrying out a project for an external customer. Most of the project’s scope of work is outsourced and distributed among many subcontractors. What would be the role of the Direct and Manage Project Work process in this scenario?

  1. Inspect and verify the adequacy of the seller’s product
  2. Authorize the seller’s work at the appropriate time
  3. Assure that the changes are properly approved and communicated
  4. The Direct and Manage Project Work process will become redundant in this case
Correct Answer

3. You have accepted a position at a company where you will manage a group of projects in a coordinated way. This organization specifically hired you to start a project management office to help it develop a more structured approach to project management. What should you do FIRST?

  1. Study the history of the organization
  2. Get your job description changed to either project management or project management office work, but not both
  3. Meet with key stakeholders to better understand the organization and projects.
  4. Focus on communications with your boss and other senior managers
Correct Answer

4. Your organization gets a new project and wants you to assign the project manager for this project. As management is busy with other activities, they ask you to develop the project charter so the project can get started. To develop the project charter, which of the following is not needed?

  1. Strategic plan
  2. Business case
  3. Agreements
  4. Project plan
Correct Answer

5. Who has the cost risk in a fixed price (FP) contract?

  1. The team
  2. The buyer
  3. The seller
  4. Management
Correct Answer

6. You have met with your project sponsor who told you that you must complete the project by the end of the year, no exceptions. This should be included in the project scope statement as a:

  1. Project Constraint
  2. Project Boundary
  3. Project Acceptance Criteria
  4. Project Assumption
Correct Answer

7. A new product development project has four levels in the work breakdown structure and has been sequenced using the precedence diagramming method. The activity duration estimates have been received. What should be done NEXT?

  1. Create an activity list
  2. Begin the work breakdown structure
  3. Finalize the schedule
  4. Compress the schedule 41
Correct Answer

8. The performance reports produced during the Control Procurements process are then provided to which project management process for further processing?

  1. Monitor & Control Project Work in the form of work performance information
  2. Direct & Manage Project Work in the form of work performance data
  3. Perform Integrated Change Control in the form of a change request
  4. Performance report is not an output of the Control Procurement process
Correct Answer

9. You are taken to lunch by one of your sellers who has become a friend. He gives you an opportunity to participate in a new venture in association with his company, unrelated to your current employment. What should you do?

  1. Refuse to participate
  2. Participate
  3. Participate but advise your employer of the offer
  4. Request your employer’s consent for your participation.
Correct Answer

10. An activity has an early start (ES) of day 3, a late start (LS) of day 13, an early finish (EF) of day 9 and a late finish (LF) of day 19. What is the duration of this activity?

  1. 3
  2. 6
  3. 7
  4. 10
Correct Answer

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