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Project Management Question Bank
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While finalizing the WBS you assign each work package to a control account and establish a unique identifier for the same work from a code of account. These identifiers help you find a hierarchical sum of costs, schedule, etc. Which statement is true about the WBS?
  1. It contains all project work
  2. It authorizes the project manager
  3. It is a hierarchy of project staff
  4. It is a hierarchical breakdown of project resources

Q2. A project team is currently focusing on Monitor Stakeholder Engagement process to reassess the project stakeholders' current engagement levels and to review the current stakeholder engagement strategy. Which of the following is an output of this process?

  1. Project documents updates
  2. Stakeholder engagement assessment matrix
  3. Work performance data
  4. Approved change requests
Correct Answer

Q3. All of the following are relevant for analyzing a cost overrun, EXCEPT:

  1. Labor rates
  2. Resources used
  3. Communications management plan
  4. Lag
Correct Answer

Q4. The technique of comparing actual or planned project practices to those of other projects to generate ideas for improvement and to provide a basis by which to measure performance is known as:

  1. Workbench
  2. Benchmarking
  3. Quality control
  4. Dependency
Correct Answer

Q5. You are the Project Manager for JT's Lumber Yard. You are trying to forecast estimates for the final phase of the project you are currently working on. Based on the performance of the project to date, which formula can be used to estimate the total value of the project when completed, assuming similar variances will not occur?

  1. ETC = (BAC - EV)/CPI
  2. SV = EV - PV
  3. CPI = EV/AC
  4. EAC = AC + BAC - EV
Correct Answer

Q6. All of the following are parts of the Close Project or Phase process EXCEPT:

  1. Update employee skills
  2. Record the reasons for termination
  3. Transfer information from one phase to the next phase
  4. Validate Scope
Correct Answer

Q7. All technical work is completed on the project. Which of the following remains to be done?

  1. Validate Scope
  2. Plan Risk Responses
  3. Create a staffing management plan
  4. Complete lessons learned.
Correct Answer

Q8. You have signed a contract with a contractor which states that you will pay for the entire contractor’s legitimate costs, plus a fee based on the subjective evaluation of his performance; this will not be subject to an appeal. What kind of contract is this?

  1. CPIF
  2. CPFF
  3. FPIF
  4. CPAF
Correct Answer

Q9. Project managers need to be aware of Student Syndrome. What does that mean?

  1. People go through a learning curve whenever they are engaged in a project.
  2. People who consider themselves students of project management tend to apply PMBOK principles better.
  3. People start to apply themselves only at the last possible moment before the deadline.
  4. People who undertake studies during their professional careers tend to be better project managers.
Correct Answer

Q10. Project stakeholder management is an integral part of project management. The effectiveness of stakeholder analysis carried out early in a project can decide its fate. Which of the following is the least important consideration during stakeholder analysis, especially when analyzing stakeholders who are also decision-makers?

  1. Prior experience
  2. Expectations
  3. Interests
  4. Influence
Correct Answer

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