Project Management MCQ

home MCQ Questions & Answer


Question 61 : Risk should be analysed and evalauted considering the

  1. Likelihood and cost
  2. Likelihood and Level of impact
  3. Likelihood and time
  4. Likelihood and data
  

Question 62 : Which method is not used for Qualitative risk analysis ?

  1. delphi method
  2. SWIFT analysis
  3. Decision Tree Analysis
  4. Backtracking method
  

Question 63 : Which method is not used for Quantitative risk analysis ?

  1. Three point estimation
  2. Decision Tree Analysis
  3. SWIFT analysis
  4. Expected Monetery Value(EMV)
  

Question 64 : A risk is known as Positive risk or opportunity if-

  1. Impact is positive which you may want to actualize
  2. Impact is negative which you want to lesson its impact
  3. Impact is positive which you want to lesson its impact
  4. Impact is negative which you may want to actualize
  

Question 65 : Strategy to deal with negative risk are-

  1. Escalate, mitigate, transfer, avoid, accept
  2. costing
  3. listing
  4. exploit
  

Question 66 : Of the following baselines which is not a part of the Project Management Plan ?

  1. Scope Baseline
  2. Quality Baseline
  3. Cost Baseline
  4. Schedule Baseline
  

Question 67 : A project is overbudget when

  1. CPI > 1
  2. SPI > 1
  3. CPI and SPI > 1
  4. CPI less than 1
  

Question 68 : You are the project manager and have decided to outsource a part of the project to a vendor. You have offered a bonus to the vendor if the work is completed in two months. This is an example of _____________.

  1. project incentive
  2. project goal
  3. fixed price contract
  4. Time and Material
  

Question 69 : You are responsible for a project with high risks particularly during the early phases - your sponsor has asked for performance reports on a monthly basis. At the end of the first month you report a CPI greater than 1 and also the SPI greater than 1. What would this mean ?

  1. The project is behind schedule and over budget
  2. The project is ahead of schedule and under budget
  3. The project is ahead of schedule but over budget
  4. The project is behind schedule but under budget
  

Question 70 : As a part of the Executive Management team - you have a number of project managers reporting into you. One of the project managers has reported data for her project that has got you worried regarding health of the project. EV = 300000 USD , PV = 550000 USD , AC = 200000 USD You are worried since as per your calculations the project is behind schedule. However the Project Manager disagrees and she feels the project is ahead of schedule - what is the correct interpretation of the data ?

  1. Both are incorrect - the health of the project cannot be determined from this information
  2. Both are correct as interpretation is very subjective
  3. You are correct - the project is behind schedule
  4. Your Project Manager is correct - the project is ahead of schedule
  

Question 71 : As a manager on a project you have identified and created the WBS and WBS Dictionary.You also plan to ensure that each deliverable gets the blessings of your stakeholders and sponsors.Which process are you planning to perform?

  1. Scope Verification
  2. Perform Quality Control
  3. Control Scope
  4. Define Scope
  

Question 72 : If the planned value (PV) is $275,000 and the earned value (EV) is $300,000, the schedule variance (SV) is:

  1. 25,000 USD
  2. Negative 25000 USD
  3. 125,000 USD
  4. 575,000 USD
  

Question 73 : You have been given 100,000 USD to complete the project. 60,000 USD has been spent, though as per the schedule, 55,000 USD should have been spent to complete the same work. What is the Budget at Completion (BAC)?

  1. 55,000 USD
  2. 100,000 USD
  3. 60,000 USD
  4. 105,000 USD
  

Question 74 : You have been given 100,000 USD to complete the project. 60,000 USD has been spent, though as per the schedule, 55,000 USD should have been spent to complete the same work. What is the Actual Cost (AC)?

  1. 55,000 USD
  2. 100,000 USD
  3. 60,000 USD
  4. 105,000 USD
  

Question 75 : You have been given 100,000 USD to complete the project. 60,000 USD has been spent, though as per the schedule, 55,000 USD should have been spent to complete the same work. What is the Planned Value (PV)?

  1. 55,000 USD
  2. 100,000 USD
  3. 60,000 USD
  4. 105,000 USD
  

Question 76 : You are in charge of a project and to ensure things go well - you have had monthly meetings with the stakeholders.The project is running on schedule and budget.You are in your fourth month of execution - but the stakeholder indicates dissatisfaction with the deliverables.To make changes in the deliverables would mean a delay in the schedule.What would have been the most important process that could have prevented this situation?

  1. Scope Planning
  2. Scope Control
  3. Schedule Control
  4. Risk Monitoring and Control
  

Question 77 : The project that you are in charge has been successfully completed.The last of the deliverables have been formally accepted by the client.You had several contractors with whom contracts were prepared.With the project done you decide to communicate the completion details and closure of contracts.Which is the best form of communication?

  1. Formal written
  2. Formal verbal
  3. Informal verbal
  4. Informal written
  

Question 78 : You are in charge of a software project and you are almost 40% complete.The project stakeholders want a performance report to date.You had planned to use Earned Value Management methodology.You come up with the following numbers: EV = 100 AC = 300 PV = 150 BAC = 600 You and your team have faced numerous issues till now . However you choose to ignore the current work performance and decide to go with what was originally planned. Based on this information what would be the EAC for the project ?

  1. 800
  2. 200
  3. 600
  4. 1800
  

Question 79 : As a manager on a project your key outlook is to ensure that the project delivers within the scheduled timelines with minimal rework and customer delight.For some time now the project work is proceeding smoothly with a CPI and SPI a perfect 1.One of your team members approaches you and indicates that she might possibly need a long vacation on personal grounds.She indicates this could possibly occur in two months from now.You look up the schedule and as luck would have it - this team member happens to be scheduled to execute activities which are on the critical path - and her absence in two months time would cause a delay in schedule.You decide to take some action and reschedule task allocation to ensure that this team member is not planned to work on any of the critical path activities.What did you just do ?

  1. Mitigate the risk
  2. Avoid the risk
  3. Transfer the risk
  4. Exploit the risk
  

Question 80 : You are in charge of building a shopping portal.You are fairly confident as you have a team experienced in doing such work.As per the agreement at the end of the first month you organize a demonstration of the software.You invite the sponsor and key stakeholders.Later the sponsor informs you that she is not very happy with the progress indicating that one of the clients who would be using this software is not satisfied as her needs are not being met.To satisfy this client's needs would mean some radical changes with an impact to both cost and schedule.What could be the root cause of this issue?

  1. Deliverables were not as per requirement
  2. The stakeholder is making unrealistic demands
  3. The scope statement was ambiguous leading to this
  4. All the stakeholders were not identified
  

Question 81 : You are in your third month of project execution which is expected to continue for a duration of 14 calendar months. Your sponsor has asked for a performance report. You decide to create a S curve. Based on the S curve you report your Actual Cost which is more than the Earned Value.Also the Planned Value is greater than the Earned Value. What would be the interpretation of this data ?

  1. The project is over budget and behind schedule
  2. The project is on schedule and on budget
  3. The project is over budget but on schedule
  4. The project is on budget but behind schedule
  

Question 82 : Your company has been tasked with providing estimates for a road construction project. You have data available related to costs per square feet. You now need to provide an estimate of the cost of the project based on this data - what estimation technique is most applicable in such a scenario ?

  1. Top Down estimates
  2. Parametric Estimating technique
  3. Bottom Up Estimating
  4. Analogous Estimation
  

Question 83 : You have successfully completed a project.You have now been assigned a project which is midway into its execution.You have had to take this project due to non availability of the current project manager due to health.This is a complex project involving multiple contractors and teams at various geographical locations.You decide to look up the requirements of the types of reports and frequency of sending them.Where would you find this information?

  1. Project Management Plan
  2. Scope Management Plan
  3. Communication Management Plan
  4. Stakeholder Analysis
  

Question 84 : Midway through the project as a Manager you are performing Earned Value Methodology to report performance. Based on your calculations you realize that the initial plan is no longer valid.However you still need to provide an EAC - what is the best course of action ?

  1. Calculate EAC as EAC = BAC / CPI
  2. Calculate EAC as EAC = AC + BAC - EV
  3. Calculate EAC as EAC = AC + (BAC - EV/(CPI * SPI )
  4. Calculate EAC as EAC = AC + Bottom up Estimate
  

Question 85 : Which of the following statement is true regarding Procurement Documents

  1. These are the response documents provided by Seller to the Buyer.
  2. It is the formal agreed contract between the buyer and seller
  3. It is used to solicit proposals from sellers and contains details of expected services or work to be done
  4. Describes how product or services will be acquired externally and type of contract to be administered
  

Question 86 : Professional ethics is to followed only in

  1. at Work place
  2. at home
  3. in service
  4. at work, in home and in service
  

Question 87 : Professional ethics will come to rescue when we are

  1. ask to compromise on our integrity or on value
  2. ask to compromise on our technical cability
  3. ask to compromise on our technical capacity
  4. ask to compromise in our efforts
  

Question 88 : Most important 4 values identified by PMI are responsibility, respect, fairness, and

  1. sincere
  2. dishonesty
  3. Honesty
  4. workoholic
  

Question 89 : Which conduct is subject to disciplinary action

  1. Aspirational conduct
  2. Mandatory conduct
  3. Organisational conduct
  4. Personal conduct
  

Question 90 : As practitioner we make decision and take action based on the best interests of society, public safety, and

  1. Self
  2. Family
  3. Organisation
  4. environment
  

Question 91 : We should accept only those assignments that are consistent with our background, experience, skills, and

  1. qualification
  2. exposure
  3. familiarity
  4. knowledge
  

Question 92 : When we make errors or ommision

  1. we take ownership and make no correction
  2. we take ownership and make necessary correction
  3. we do not take ownership and make necessary correction
  4. we do not take ownership and make no necessary correction
  

Question 93 : We listen to others point of view, seeking to understand them is

  1. Respect
  2. Responsibility
  3. Conduct
  4. Fairness
  

Question 94 : When our conduct is free from self interest , prejudice, and favaritism is

  1. Respect
  2. Responsibility
  3. Conduct
  4. Fairness
  

Question 95 : PMI followed processes laid by ______ in formulating ethics

  1. ACM
  2. ANSI
  3. IEEE
  4. IETE
  
  • chevron_left
  • 1
  • 2
  • 3
  • chevron_right