Project Management Concepts Questions

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21.

According to the PMBOK guide, which of the following statements is right in terms of using reserve analysis to determine a project budget? 

A

Reserve analysis always plans contingency reserves for unexpected project scope and project costs, which are part of your project budget.

B

Reserves should not be included in the project budget.

C

If you only have limited resources, you may completely ignore reserve analysis when you try to determine your project budget.

D

Planning contingency reserves for a project is not practical.

E

Contingency reserves have never been a concern when planning a project budget.
 

Correct Answer: A

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22.

Complete the following statement. As the project progresses into the execution phase: 

A

risks need to be checked off on activities that have been performed.

B

the total risk on the project typically increases.

C

risks are identified with each major group of activities.

D

a risk response plan can be used to identify increasing levels of detailed risk analysis.

E

the risk breakdown structure needs to be examined to be sure all the risk events have been avoided.

Correct Answer: A

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23.

Which of the following statements about achieving a common understanding of the project purpose is true? 

A

A common understanding means building a consensus and disagreement regarding a project

B

Developing a common understanding involves defining project success, determining potential barriers to success, establishing milestones, and identifying decision-makers.

C

The methods and processes employed to develop a common understanding depend on the duration of the project.

D

Irrespective of the complexity of the project, developing a common understanding usually involves informal discussions that last a few hours.

E

When developing a common understanding of the purpose of a project, participants are often instructed to refrain from expressing skepticism.

Correct Answer: B

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24.

Which of the following is typically a written document that defines what work will be accomplished by the end of the project?

A

Scope of work (SOW)

B

Project logic diagram

C

Milestone schedule

D

Ballpark estimate

E

Work breakdown structure

Correct Answer: A

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25.

What is considered to be the most useful skill for a project manager who works in a matrix environment in order to achieve project goals? 

A

Leadership skill

B

Influencing

C

Conflict management skill

D

Time management

E

Planning skill

Correct Answer: B

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26.

Marco is an investor, and Jon is a project team member. Both have intensive technical background for the project that you are managing. However, recently they have disagreed on the next step to take for the project. They both decide to defer to whoever has the authority to make this decision. Who has the authority to decide which direction should be taken for the project? 

A

Project manager

B

Stakeholders

C

The project team

D

Investors

E

The board of trustees of this company

Correct Answer: C

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27.

As a project manager, while Kathy was trying to categorize all potential risks for her new construction project M based on levels of probability and impact on the project, she identified a potential risk, regarding a schedule conflict with another project to obtain critical equipment for a short time period. Overall, because this risk is probable and might impact her project M, Kathy wants to record this risk; however, she is confused about where she should document this type of risk. According to the PMBOK guide, where should Kathy document this risk? 

A

Watch list

B

Risk management plan

C

Project management plan

D

WBS

E

Scope management plan

Correct Answer: D

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28.

Which of the following is a quality management system that gives titles to specialists and requires a cost-benefit analysis? 

A

Lean accounting

B

Business process re-engineering

C

Kaizen

D

Six Sigma

E

Total Quality Management

Correct Answer: D

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29.

Which one of the following is the last step of project closings? 

A

The client has accepted the product.

B

Archives are complete.

C

The client appreciates your product.

D

Lessons learned are documented.

E

Temporary staff is released.
 

Correct Answer: B

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30.

As a project manager of Project Cool at the company, Samira is responsible for monitoring and controlling two project management processes: process A and process B. She recently noticed a high priority risk X has been imposed on her project process A in Project Cool. While she tried to control the risk X, she also noticed that a new potential risk Y will be added to process B. Which of the following best explains this situation? 

A

If risk Y happens, then it is all Samira

B

This is common in practice. Risk Y is a secondary risk caused by Risk X.

C

The potential risk might happen, but Samira can ignore risk Y, as risk X takes higher priority.

D

Samira is not experienced enough for handling risk management, so her boss will probably fire her.

E

Risk Y is called a low priority risk, which is not considered to be a real concern, so Samira should not worry about risk Y.

Correct Answer: B

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