Home Question Bank Online Exams Job Interview Q&A Job Description Articles Jobs In Mirrors Personality Types About Contact Us Sign in/up

IRGST Question Bank for Exam Preparation
Project Management Question Bank

Select Knowledge area


The credibility of your risk management depends on the unbiased probability and impact of identified risks. If these parameters are not correctly assessed, your risk management is not worth following. In which of the following process do you define the definition of probability of risks?
  1. Plan risk management
  2. Identify risks
  3. Plan risk responses
  4. Perform qualitative risk analysis

Q2. You are working for an international construction company. Your project involves pulling together over 13 different subprojects. You are having difficulty in ensuring three subcontractors are doing their work correctly. As you review the project results you notice you have spent US $1,200,000 at the last reporting point. You know the schedule is not too bad, since your schedule performance index (SPI) is 1.1. Considering you feel you should have spent US $1,300,000 to this point, what is the cost performance index (CPI), and the schedule and cost variances?

  1. 1.19, $130,000, and $$230,000
  2. 1.1, ($230,000), and $130,000
  3. 1.19, $230,000, and ($230,000)
  4. 1.46, $130,000, and ($130,000)
Correct Answer

Q3. Your company just won a major new project. It will begin in three months and is valued at US $2,000,000. You are the project manager for an existing project. What is the FIRST thing you should do upon hearing of the new project?

  1. Ask management how the new project will use resources
  2. Resource level your project
  3. Crash your project
  4. Ask management how the new project will affect your project.
Correct Answer

Q4. You have just walked into your office when you receive an e-mail from the sponsor notifying you that the auditing team will soon be your office to start a risk audit of your project. The next e-mail you receive has been forwarded to you, and involves conflict between two team members. You are immediately bombarded with phone calls from both parties to the e-mail complaining about the other. Which conflict resolution technique would you immediately use with team member?

  1. Forcing
  2. Compromising
  3. Avoiding
  4. Confronting
Correct Answer

Q5. Which of the following risk events is MOST likely t interfere with attaining a project‘s schedule objective?

  1. Delays in obtaining required approvals.
  2. Substantial increases in the cost of purchased materials.
  3. Contract disputes that generate claims for increased payments
  4. Slippage of the planned post-implementation review meeting
Correct Answer

Q6. All requested changes to a contract go through Contract Change Control Systems of both parties. The Contract Change Control system documents all requested changes for future reference. However, requested but unresolved changes might not make it up to either party’s Change Control Systems. If you are contesting a dispute, where can you find a record of such requested changes?

  1. Procurement management plan
  2. Project management plan
  3. Project correspondence
  4. Approved change requests log
Correct Answer

Q7. The product design your project team developed was extremely well received by the customer. There were two key contributors to this design. The customer calls you to tell you how pleased he is with the design. What do you tell him?

  1. Ask to negotiate a bonus payment.
  2. Thank the customer.
  3. Thank him on behalf of the team and call out the contributions two of the team members made.
  4. Tell the customer you worked very hard on the design, and you are happy he is pleased.
Correct Answer

Q8. In your project, two important stakeholders are having some issues. To keep this issue from escalating further you intervene and resolve the issue. After the issue is resolved you asked your team member to record the issue so in the future a lesson can be learned from it. Where will you note the issues between stakeholders?

  1. Risk register
  2. Issue log
  3. Stakeholder register
  4. Change log
Correct Answer

Q9. A project manager new to project management is taking on a new project. When is the BEST time to help build the people working on the project into a team?

  1. During project initiating
  2. Before committing to a project cost estimate
  3. Throughout the project
  4. During project planning
Correct Answer

Q10. Which of the following analytical techniques evaluates investment potential considering time-value of money?

  1. Pareto analysis
  2. Discounted cash flow
  3. Earned value management
  4. Monte Carlo technique
Correct Answer

User Agreement| |Privacy Policy