Quiz - 4 - Questions (Updated 14-10-2021)

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This assignment discusses project management concepts and asks students to answer multiple choice questions about topics like project closure, stakeholder management, risk analysis, project charters, and communication. The key aspects are understanding how projects are closed out, managing stakeholders, using tools like risk registers, and communicating effectively.

The ideal approach is to involve the stakeholder early in the project to understand their needs and manage their expectations. This allows the project manager to plan for potential changes upfront and avoid issues later on.

Lessons learned documentation should be completed to help future project teams learn from experiences on the current project. It allows others to complete similar projects more accurately by understanding challenges that came up and what can be improved.

About this assignment

In a multiple choice question format you are asked to show an understanding of


the concepts covered in the lectures. You will have to answer 20 questions with
the best possible answer among the options.

This assignment must be submitted electronically through vUWS by Friday


15/10, 11:55 pm.

Good luck!

Student Name: Gabriel Alimangohan

Student ID: 17119968

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Question 1:
On projects, documents which are collected as historical records are archived
for future projects during which of the following?
A. Project Closure
B. When the Project Charter is Created
C. When the client gives formal acceptance of the project
D. At the start of the new project
Question 2:
As a project manager, for which of the following situations would you consider
that a customer has accepted the entire project as complete?
A. The customer has expressed his satisfaction with the project
B. The customer has paid all the money for the project
C. You have received formal sign off and formal acceptance from the
customer
D. You have not received any further requests for more project work from
the customer
Question 3:
Which risk analysis technique provides the project manager with a risk ranking?
A. Quantifiable
B. Qualitative
C. The utility function
D. SWOT analysis
Question 4:
Which of the following issues the project charter?
A. Sponsor
B. Project Manager
C. Stakeholders
D. Senior Management
Question 5:
At the recent meeting, you discover that the customer is not satisfied with a
certain deliverable of the project. What is the Best thing to do?
A. Discuss with the team on what changes can be implemented

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B. Develop another variation of the deliverable and present it to the
customer immediately
C. Tell the customer the deliverable is exactly in line with the scope defined
for the project
D. Ask the customer why they are not satisfied with the deliverable
Question 6:
The Actual cost is $42000, the planned value is $32000 and the earned value is
$34000. What is the schedule variance?
A. $2000
B. $10,000
C. $8000
D. -1000
Question 7:
You are working on a project that involves the development of an enterprise
level software. The customer has conveyed his dissatisfaction with how the
project is performing. Upon checking, you notice that the project is performing
perfectly well as per the baselines which were originally decided upon. What is
the FIRST thing you should do as project manager?
A. Have a discussion with the project team
B. Have a meeting with the customer
C. Calculate the baselines again
D. Make Changes to the Project to bring it to a satisfactory level of
performance
Question 8:
If the Actual Cost = 450, Earned Value = 400 and Planned Value = 350 , What
is the value of the Cost Variance ?
A. 50
B. 100
C. -50
D. -100
Question 9:
A table of risks, their probability, impact, and a number representing the overall
risk score is called a ____________________________.
A. Risk table

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B. Probability and impact matrix
C. Quantitative matrix
D. Qualitative matrix
Question 10:
The water sanitation project manager has determined that the risks associated
with handling certain chemicals are too high. He has decided to allow someone
else to complete this portion of the project, and so has outsourced the handling
and installation of the chemicals and filter equipment to an experienced
contractor. This is an example of which of the following?
A. Avoidance
B. Acceptance
C. Mitigation
D. Transference
Question 11:
A project manager may consider that quality has been achieved on a project
when:
A. The customer has given their acceptance of the product
B. When you have gone above the expectations of the customer
C. When the requirements of the project have been met
D. When the customer gives you a bonus
Question 12:
What percentage of their time do Project Managers spend communicating on a
project?
A. 30
B. 90
C. 35
D. 80
Question 13:
As a project manager, in what situation would Formal Written communication
be most relevant when interacting with the customer on a project?
A. When the project's actual costs go above the planned costs
B. When the project schedule gets delayed

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C. When there are flaws in the deliverables
D. When the customer wants to add more features to the final product
Question 14:
You have been assigned a construction project in a new city you just moved in
to. There are over 300 potential stakeholders on the project, what is the BEST
way to move forward?
A. Make a list of the most important stakeholders and ask them about their
requirements
B. Figure out a way in which you can effectively collect the needs of all the
stakeholders
C. Ask Senior Management which stakeholders needs you should be taking
care of
D. Use the list of stakeholders from a previous but similar project in the
organization
Question 15:
A stakeholder in your company has a regular habit of requesting multiple
changes on projects. What is the ideal approach a project manager can take to
handle this situation at the beginning of the project?
A. Involve the stakeholder on the project as early as possible
B. Deny the stakeholders change requests since they could be harmful for
the project costs and schedule
C. Request the stakeholders’ manager to allocate him to a different project
D. Request the stakeholder to make fewer change requests
Question 16:
Your project requires an electrician at month 8. This is an example of which of
the following?
A. Organizational interfaces
B. Staffing requirements
C. Contractor requirements
D. Resource constraints
Question 17:
You are a project manager in a projectized organization. Your job as a project
manager can be described best by which of the following?

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A. Full-time
B. Part-time
C. Expeditor
D. Coordinator
Question 18:
You are the project manager for the JHG Project. Management has requested
that you create a document detailing what information will be expected from
stakeholders and to whom that information will be disseminated. Management
is asking for which one of the following?
A. The roles and responsibilities matrix
B. The scope management plan
C. The communications management plan
D. The communications worksheet
Question 19:
Why should a project team complete lessons-learned documentation?
A. To ensure project closure
B. To show management what they’ve accomplished on the project
C. To show the project stakeholders what they’ve accomplished on the
project
D. To help future project teams complete their projects more accurately
Question 20:
Which one of the following best describes the risk register?
A. It documents all of the outcomes of the other risk management
processes.
B. It’s a document that contains the initial risk identification entries.
C. It’s a system that tracks all negative risks within a project.
D. It’s part of the project’s project management information system
(PMIS) for integrated change control.

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