MCQ: Discounted Cash Flow is also known as

A) Net present value

B) Internal Rate of Return

C) Profitability Index

D) Net margin value

MCQ: Delphi technique is the most widely and effective technique used for

A) List generation

B) Weight generation

C) Factor generation

D) Credit generation

MCQ: The decision to invest in the development of a new process or product depends on an estimate of

A) Success score

B) Customer's Response

C) Cash flows

D) Failure Score

MCQ: The profitability models use readily available accounting data to determine the

A) Data flows

B) Success Rate

C) Cash flows

D) Failure Rate

MCQ: The case here the project is suggested by a senior and powerful official in the organization is
known as

A) The Competitive Necessity

B) Comparative Benefit Model

C) The Sacred Cow

D) The Operating Necessity

MCQ: By adding numeric weights reflecting the relative importance of each individual factor, we get a

A) Graded Factor Scoring Model

B) Unweighted Factor Scoring Model

C) Weighted Factor Scoring Model

D) Listed Factor Scoring Model

MCQ: The basic model type, that is older and simpler and have only a few subtypes to consider is known
as

A) Numeric Models

B) Nonnumeric Models

C) Alphanumeric models

D) Alphabetic models

MCQ: In Q-Sort, the projects within each category is ordered from best to worst, having

A) 5 or fewer members

B) 6 or fewer members

C) 7 or fewer members

D) 8 or fewer members

MCQ: The internal rate of return of numeric model can result in multiple

A) Errors

B) Failures

C) Decisions

D) Solutions

MCQ: If the investment in a project is delayed, its value may increase/decrease with the passage of time
because some of

A) Normalization
B) Minimum errors

C) Maximized errors

D) Reduced Uncertainties

MCQ: In general managers feel that insistence on short payout periods tends to

A) Minimize the risks

B) Maximize the risks

C) Normalize the errors

D) Maximize the errors

MCQ: In any model, if the value of the project drops it may fail the

A) Decision process

B) Execution process

C) Selection process

D) Testing process

MCQ: A set of relevant factors, selected by management and is listed in a preprinted form, in

A) Unweighted Factor scoring Model

B) Unweighted 0-1 Factor Model

C) Weighted Factor Scoring Model

D) Both A and B

MCQ: Window-of-opportunity approach is applied before undertaking any technology, considering

specifications of

A) Cost

B) Time

C) Performance

D) All of the Above

MCQ: Nonnumeric models have cases of

A) 4 types

B) 5 types

C) 6 types

D) 2 types

MCQ: In unweighted factor scoring model, discrete numeric scale is used to represent the degree to
which a criterion is satisfied is

A) Commonly followed

B) Commonly failed

C) Widely rejected

D) Widely accepted

MCQ: In nonnumeric models, investment in an operating necessity project takes precedence over a

A) Competitive Necessity

B) Comparative Benefit Model

C) The Sacred Cow

D) The Product Line Extension

MCQ: Models that allow the fact that some criteria are more important than others is known as

A) Profitability index model

B) NPV modelling

C) Unweighted factor scoring

D) Weighted scoring

MCQ: In Q-Sort technique, the project is divided into three groups, according to their relative
A) Lists

B) Ranks

C) Merits

D) Budgets

MCQ: The two basic types of project selection models are

A) Numeric

B) Nonnumeric

C) Alphanumeric

D) Both A & B

The output of a scoring model is strictly a

A) Relative measure

B) Absolute measure

C) Selective measure

D) Reflective measure

MCQ: Scoring models are a direct reflection of

A) Managerial policy

B) Organizational policy

C) Strategic policy

D) All of the Above

MCQ: The structure of a weighted scoring model is quite

A) Complex

B) Straightforward
C) Less useful

D) Error-free

MCQ: Profitability Index of numeric models is also known as the

A) Internal rate ratio

B) Benefit-cost ratio

C) Profit ratio

D) Cash flow ratio

MCQ: For any project, the initial fixed investment in the project divided by the estimated annual net
cash inflows, is its

A) Payback Period

B) Account period

C) Discounted Cash Flow period

D) Internal Rate return period

MCQ: Technological uncertainty can be resolved by careful analysis, including the use of technological

A) Innovations

B) Development

C) Management

D) Forecasting

MCQ: In Partnering, external suppliers delivers parts of projects, including

A) Tangible Products

B) Tangible services

C) Intangible knowledge and skills

D) All of the Above

MCQ: Projects that do not have charters, is one reason for observing that most projects are

A) Uncompleted

B) Completed

C) Succeeding

D) Overcoming risks

MCQ: For some extent, risk management techniques can be applied to

A) Scope Change

B) Partnering

C) Chartering

D) Technological uncertainty

MCQ: It is difficult to convince senior managers to make the firm commitments implied in a project
charter in the face of

A) Failure

B) Risky Future

C) Uncertain future

D) Success

The first credibility required by PM is known as

A) Functional Credibility

B) Technical Credibility

C) Administrative Credibility

D) Competence Credibility

MCQ: The two basic types of project selection models are

A) Numeric

B) Nonnumeric

C) Alphanumeric

D) Both A & B

MCQ: A PM must be able to interpret the technical needs and wants of the client and senior
management to the

A) Project Team

B) Outsiders

C) Marketing department

D) Sales Department

MCQ: If support of top-management is weak, the future of the project is clouded with

A) Uncertainties

B) Risks

C) Failures

D) Success

MCQ: In the initial stage of the project life cycle, most of the conflict centers around

A) Planning

B) Resource Allocation

C) Setting up the environment

D) Budgeting
cording to the Project Management Instute (PMI), project management isdefned as "the applicaon o
knowledge, _____, _____, and techniques to projectacvies to meet the project requirements".Select
one:a. skills, analysisb. tools, analysisc. analysis, theoriesd. skills, toolse. skills, theoriesAnswer : (D) skills,
tools2.As a project manager, Tyler is so happy that all expected project deliverable havebeen
accomplished by his project team. What is the next step or his project toproceed in order to veriy the
project scope by his project client?Select one:a. Ask his client to pay or the completed project
deliverables.b. Award all o his project team members or such a great accomplishment.c. Oer a party
or his project team and client to celebrate the success o the project.d. Ask his client to conduct an
inspecon on all o the completed project deliverables.e. Invite a ew experts to judge the quality o all
the completed project deliverables.Answer : (d) Ask his client to conduct an inspecon on all o the
completed projectdeliverables3.What is the frst step in project planning?Select one:a. Establish the
objecves and scope.b. Determine the budget.c. Select the team organizaonal model.d. Determine
project constraints.e. Inspect the deliverables.Answer : (a) Establish the objecves and scope

00:03

03:53

4.While assessing your project processes, you have idenfed some uncontrolledprocess variaons.
Which o the ollowing would be the appropriate chart you mayuse or this purpose?Select one:a.
Pareto diagramb. PERT chartc. Control chartd. HR personnel charte. Crical pathAns:- C. Control
chart5.Once the project is approved and moves into the planning stage, what happens inthe next phase
o the project lie cycle?Select one:a. Agreements or risk sharing need to be concluded.b. The total
risk on the project typically reduces as acvies are perormed without loss.c. Risks must be weighed
against the potenal beneft o the project's success in order todecide i the project should be chosen.d.
Risks are idenfed with each major group o acvies.e. A risk response plan can be used to ideny
increasing levels o detailed risk analysisAnswer : - D. Risks are idenfed with each major group o
acvies.6.Fill in the blank. Risk must be considered in the _____ phase and weighed against
thepotenal beneft o the project's success in order to decide i the project should bechosen.Select
one:a. compleonb. closeoutc. execuond. planninge. iniaonAnswer is - (E) iniaon7.Due to the
rapid expansion o your company, your boss decides to establish a projectmanagement oce (PMO)
within the company and asks you to take the lead.
 According to the PMBOK guide, to be the ideal PMO you can do which o theollowing?Select one:a.
Speed up a specifc ongoing project.b. Find opportunies or collaborave project management.c.
Reassign the resources that have been assigned to ongoing projects.d. Reduce the assigned resources to
exisng projects.e. Reduce the number o project managers in the company.Ans - B. Find opportunies
or collaborave project management8.Why does the creaon o processes or developing teams,
establishing priories, anddistribung work and tasks require dierent sets o skills?Select one:a.
Because resources on the project management team may view it as permanentb. Because resources on
the project management team may view it as temporaryc. Because resources on the project team are
not aware o the technical aspects o theiniaved. Because members o the project management
team are not aware o the knowledgeand skills o the other people working on the projecte. Because
project management teams do not look aer the operaonal aspects o theproject and are concerned
only with the strategyAns - b. Because resources on the project management team may view it as
temporaryQueson 9. According to Bruce Tuckman's fve stages o team development, project
teammembers compete or control at which stage?Select one:a. Formingb. Stormingc. Normingd.
Perorminge. AdjourningAnswer- (b) Storming9.The project management oce (PMO) handles all o the
ollowing uncons EXCEPT:

Select one:a. maintaining the organizaon's project management policies and procedures.b. supervising
the project managers.c. assigning project managers rom other departments but not procuring
contractproject managers.d. monitoring project perormance. e. providing unconal support to
projects likeproject scheduling and project cost analysisAns - c. assigning project managers rom other
departments but not procuring contractproject managers.10.Under which o the ollowing condions
would teams be more eecve thanindividuals?Select one:a. When speed is importantb. When the
acvies involved in solving the problem are very detailedc. When the actual document needs to be
wriend. When innovaon is requirede. When a commitment to the soluon is needed by small porons
o the project teaAns - d. When innovaon is required11.Which o the ollowing is the process o
understanding the knowledge, skills, andabilies needed to manage a task and then matching the team
members with theright skills to do that work?Select one:a. Benchmarkingb. Expedingc. Procurementd.
Delegaone. SolicitaonAns - d. Delegaon12.Which o the ollowing defnes what tasks the project
resources are expected toaccomplish and, just as importantly, what is not part o the project
team'sresponsibilies?

Select one:a. Punch listb. Check sheetc. Project logic diagramd. Checkliste. Scope documentAns - e.
Scope document13.Aer Marta obtained her PMP cerfcate, her boss assigned her to be in charge o
along-term project, which a recently resigned project manager, Todd, had beenworking on or three
years. When Marta looks at historical inormaon that Toddachieved or this project, which o the
ollowing is deemed most crical or Marta tomanage her project team?Select one:a. Project contractb.
Detailed acvity lists and WBS diconaryc. Legal documentsd. Project lessonse. Learn who are the
project investorsAns - b. Detailed acvity lists and WBS diconary14.Fill in the blank. There is _______
correlaon between project complexity andproject risk.Select one:an unknownb. a posivec. nod. a
negavee. a generala.Ans - b. a posive15.As a new project manager, Karen was worried about a
statement rom her client:"your project deliverable is in low quality with low grade". According to
PMBOK, howcan you help Karen disnguish the dierences between "quality" and "grade"?

Select one:a. Quality and grade represent the same thing.b. Low quality can never be a problem, but
low grade is.c. Low quality represents a true problem, but low grade might not be the case.d. Low
quality with high grade is always desirable to your client. e. High quality alwaysrepresents high
grade.Answer - c. Low quality represents a true problem, but low grade might not be the
case16.Complete the ollowing statement. As a project manager, Darrell is excited that he isassigned to
be in charge o the most important project this year. Aer beingchartered or the project, he analyzes
the inormaon in the project charter and thestakeholder register to:Select one:a. decide how to dra a
scope statement.b. start to defne and develop the stakeholder needs and requirements. c. prepare
orthe template to monitor project progress.d. esmate the enre project budget.e. learn how to get
project budget approved by stakeholders.Answer - b. start to defne and develop the stakeholder needs
and requirements.17.Aer Ling fnished draing a new project charter, she sent a copy o the charter to
allkey project pares including the project sponsor, senior management and keystakeholders, and
scheduled a kick-o meeng with them. What will be the mostimportant goal or Ling to complete the
project charter?Select one:a. Make a proessional looking project charter to impress the key project
pares.b. Get confrmaon rom the key pares that they have read the charter.c. Invite the key pares
or a nice lunch to establish a riendly relaonship. d. Gatherpromises rom the key project players.e.
Obtain ocially signed project charters rom the key pares.Answer - e. Obtain ocially signed project
charters rom the key pares.18.Fill in the blank. During the _________ o a project, the project
manager ocuses ondeveloping the project inrastructure needed to execute the project and
developingclarity around the project charter and scope.

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Select one:a. compleonb. start-upc. execuond. evaluaone. seleconAnswer - b. start-up19.A project

budget esmate that is developed with the least amount o knowledge isknown as which o the
ollowing?Select one:a. Rough order o magnitude (ROM) esmateb. Scope o work esmatec.
Conceptual esmated. Line esmatee. Milestone schedule esmateAnswer - c. Conceptual
esmate20.What is the frst step in developing a risk management plan?Select one:a. Analyze the risks.b.
Esmate the likelihood o the risks occurring.c. Ideny potenal project risks.d. Develop a risk
migaon plan.e. Esmate the potenal impact o risk on the project goals.Answer - c. Ideny potenal
project risks21.According to the PMBOK guide, which o the ollowing statements is right in terms o
using reserve analysis to determine a project budget?Select one:A. Reserve analysis always plans
conngency reserves or unexpected project scope andproject costs, which are part o your project
budget.B. Reserves should not be included in the project budget.C. I you only have limited resources,
you may completely ignore reserve analysis whenyou try to determine your project budget.D. Planning
conngency reserves or a project is not praccal.E. Conngency reserves have never been a concern
when planning a project budget.

Answer - A. Reserve analysis always plans conngency reserves or unexpected projectscope and
project costs, which are part o your project budget.22.Complete the ollowing statement. As the
project progresses into the execuonphase:Select one:a. risks need to be checked o on acvies that
have been perormed.b. the total risk on the project typically increases.c. risks are idenfed with each
major group o acvies.d. a risk response plan can be used to ideny increasing levels o detailed risk
analysis.e. the risk breakdown structure needs to be examined to be sure all the risk events havebeen
avoided.Answer - a. risks need to be checked o on acvies that have been perormed.23.Which o
the ollowing statements about achieving a common understanding o theproject purpose is true?
Select one:a. A common understanding means building a consensus and disagreement regarding
aproject's purpose is oen atal to project execuon.b. Developing a common understanding involves
defning project success, determiningpotenal barriers to success, establishing milestones, and
idenying decision-makers.c. The methods and processes employed to develop a common
understanding dependon the duraon o the project.d. Irrespecve o the complexity o the project,
developing a common understandingusually involves inormal discussions that last a ew hours.e.
When developing a common understanding o the purpose o a project, parcipantsare oen instructed
to rerain rom expressing skepcism.Answer - b. Developing a common understanding involves
defning project success,determining potenal barriers to success, establishing milestones, and
idenyingdecision-makers.24.Which o the ollowing is typically a wrien document that defnes what
work will beaccomplished by the end o the project?Select one:a. Scope o work (SOW)b. Project logic
diagram

c. Milestone scheduled. Ballpark es matee. Work breakdown structureAnswer - a. Scope o work
(SOW)25.What is considered to be the most useul skill or a project manager who works in amatrix
environment in order to achieve project goals?Select one:a. Leadership skillb. In uencingc. Con ict
management skilld. Time managemente. Planning skillAnswer - b. Inuencing26.Marco is an investor,
and Jon is a project team member. Both have intensivetechnical background or the project that you
are managing. However, recently theyhave disagreed on the next step to take or the project. They
both decide to deer towhoever has the authority to make this decision. Who has the authority to
decidewhich direcon should be taken or the project?Select one:a. Project managerb. Stakeholdersc.
The project teamd. Investorse. The board o trustees o this companyAnswer - c. The project
team27.As a project manager, while Kathy was trying to categorize all poten al risks or hernew
construcon project M based on levels o probability and impact on the project,she iden fed a
potenal risk, regarding a schedule conict with another project toobtain cri cal equipment or a
short me period. Overall, because this risk isprobable and might impact her project M, Kathy wants to
record this risk; however,she is conused about where she should document this type o  risk.
According to thePMBOK guide, where should Kathy document this risk?

Select one:a. Watch listb. Risk management planc. Project management pland. WBSe. Scope
management planAnswer - d. WBS28.Which o the ollowing is a quality management system that
gives tles to specialistsand requires a cost-beneft analysis?Select one:a. Lean accoun ngb. Business
process re-engineeringc. Kaizend. Six Sigmae. Total Quality ManagementAnswer - d. Six Sigma29.Which
one o the ollowing is the last step o project closings?Select one:a. The client has accepted the
product.b. Archives are complete.c. The client appreciates your product.d. Lessons learned are
documented.e. Temporary sta is released.Answer - b. Archives are complete.30.As a project manager
o Project Cool at the company, Samira is responsible ormonitoring and controlling two project
management processes: process A andprocess B. She recently noced a high priority risk X has been
imposed on her projectprocess A in Project Cool. While she tried to control the risk X, she also no ced
that anew potenal risk Y will be added to process B. Which o the ollowing best explainsthis
situaon?Select one:a. I risk Y happens, then it is all Samira's ault, because she did not do a good
job ocareully monitoring the risks or Project Cool.b. This is common in pracce. Risk Y is a
secondary risk caused by Risk X.c. The potenal risk might happen, but Samira can ignore risk Y, as risk
X takes higher

priority.d. Samira is not experienced enough or handling risk management, so her boss willprobably
fre her.e. Risk Y is called a low priority risk, which is not considered to be a real concern, soSamira
should not worry about risk Y.Answer - b. This is common in pracce. Risk Y is a secondary risk caused
by Risk X.31.Roberto is in charge o a new project to help Company A upgrade its old HR systemto a
cung-edge, cross-plaorm system with the most recent mobile technologies.Aer his project team
assessed the available system documentaons, the teamound the exisng documenta ons too
large and complicated to implement thesystem updates. Roberto advised his team to decompose the
major projectdeliverables into more executable components. In this project process, Robertadvised his
team to do which o the ollowing?Select one:a. Document requirementsb. Create WBSc. Defne
project scoped. Veriy project scopee. Plan project milestonesAnswer - b. Create WBS33. Complete the
ollowing statement. In a weak matrix environment, the project manager,Eric, has to constantly make
an eort to inuence his project team and stakeholders toensure project success. This is
because:Select one:a. Eric has a lot o authority.b. Eric has no or lile authority.c. Eric is controlled by
his unconal managers.d. there are no unconal managers.e. Eric has exibility on
authority.Answer - b. Eric has no or li le authority.34. Jack is in charge o a project team. Due to an
unexpected project change, some issueswith the project have come up. Two key team members,
Samantha and Felix, are arguingtheir soluons to the project problems. They cannot convince each
other, and their conict
 is creang a negave impact on the project's progress. As a PMP, which o the ollowingwould be
the best advice or Jack to manage this conict?Select one:a. Conront the problem early, and invite
both Samantha and Felix to private meengs.b. Force Felix to give up and to support Samantha.c.
Suggest that Samantha concede to Felix.d. Let Felix and Samantha exercise their concerns through
conict resoluon.e. Delay this issue or now unl it becomes a signifcant conict.Answer - a.
Conront the problem early, and invite both Samantha and Felix to privatemee ngs.35. Ahmed is
acvely iniang a project, so he plans to invite all relevant internal andexternal stakeholders
including sponsors, customers, project teams, etc. or a kick-omeeng. To ensure all o them are
covered in the stakeholder register, which document isthe most help ul or Ahmed to look at?Select
one:a. Project team acviesb. Scope statementc. Project charterd. Work packagese. Project
unding agentsAnswer - c. Project charter36. Which o the ollowing is a personal characteris c
that reects the truthulness o anindividual that can be checked against observable acts?Select
one:a. Objecve credibilityb. Aribuon o benevolencec. Non-manipulave trustd. High cost o 
lyinge. Acknowledgment o munifcenceAnswer - a. Objecve credibility37. When a project manager
starts to plan a new project budget, the cost o which projectmanagement process group is expected
to be lowest?

Select one:a. Iniangb. Execungc. Monitoring and controllingd. Closinge. PlanningAnswer - d.

Closing38. CV = $70,000; AC = 90,000; Budget = $200,000. What percent o  the project is complete?
Select one: a. 80% b. 53% c. 45% d. 35% e. 75%Answer - a. 80%39. As a project manager, John was fnally
relieved because a major project led by him was just announced a success. According to the PMBOK,
which o the ollowing has likelyhappened in order to consider John's project a success?Select one:a.
John's project has met all o the stakeholders' expectaons.b. The phase comple on o  John's
project has been approved.c. John's client has paid o the project.d. John's boss is happy.e. John and
his team are promoted and get salary increases.Answer - c. John's client has paid o the project.40. As
a project manager, Neel has a team member, Kate, who has not been perormingwell. Due to many
repeated mistakes, she has signifcantly delayed the whole projectprogress. Neel tried to o er relevant
trainings or Kate to improve her perormance, and hewas not able to see any progress in two
months. However, Kate is a single mom with threekids, and she needs this job to support her amily.
Based on what you know about conictmanagement, in this situaon, how should Neel proceed?
Select one:a. Neel should fre Kate and look or a more qualifed team member.b. Neel should help Kate
fnd another job in the frm.c. Neel should assign Kate more challenging tasks.d. Neel should let Kate stay
on the job and pick up her slack.e. Neel should reduce Kate's salary to reect her per ormance.

Answer - a. Neel should fre Kate and look or a more qualifed team member1.According to the Project
Management Instute (PMI), the scope statementshould address all o the ollowing issues
EXCEPT:Select one:a. project constraints.b. project assumpons.sc. project exclusions.d. code o 
conduct or the team members working on the project.e. project deliverables.Ans – d. code o 
conduct or the team members working on the project2.Fill in the blank. The _____ is the di erence
between the addional money spenton prevenon and the corresponding reduc on in the cost o 
ailure.Select one:a. cost-beneft analysisb. implicit costc. cost o qualityd. variable coste. cost-u lity
analysisAns- c. cost o quality3. Which o the ollowing project baselines provides the basis or
measurement o theexpected cash ow against requirements over me and is o en displayed as an
S curve?Select one:a. Schedule baselineb. Cost perormance baselinec. Scope baselined. Plan
baselinee. Iniaon baselineAns – b. Cost perormance baseline3.The conceptual es mate is
developed with the least amount o knowledge.When more inormaon is known, the project team
can develop a:Select one:a. work breakdown structure

b. crical esmatec. rough order o magnitude (ROM) esmated. scope o worke. ballpark
esmateAns – c. rough order o magnitude (ROM) esmate4.Petri is working or Nokia in Finland.
He has completed 10 months o his 12-month project, budgeted at $800,000. His earned value analysis
shows thatvariance at compleon is $75,000. What is the esmate at compleon value orthis
project?Select one:a. 725,000b. -725,000c. -$875,000d. $875,000e. $800,000Ans – d. $875,0005.Which
o the ollowing statements about owcharts is true?Select one:a. Most owcharts use one width
o column to represent a category, while thevercal axis represents the requency o 
occurrence.b. I a parcular method is a standard o quality, you can compare yourorganiza on’s
quality plan to it by owcharng.c. A owchart shows the rao o cost o increasing quality to
the resulng beneft.d. I some o the uncons o a project are repeve, owcharng can
be used toideny trends.e. Flowcharng is useul or communicang responsibility or work
processes.Ans – e. Flowcharng is useul or communicang responsibility or work processes.7.
During the project meeng, the project manager had to leave earlier due to a amilyemergency.
Aerwards, a ew team members started to argue, so the project meengtook very long without
producing outcomes. What is the possible reason that resultedin the inecient project meeng in this
scenario?Select one:a. No project team ground rules were set up.b. The current communica ons plan
was very poorly designed.c. The absence o project manager resulted in ineciency.d. There was no
incenve mechanism set up to encourage team members to take overmore responsibili es.

e. The project team was not very cooperave.Ans – a. No project team ground rules were set up.8. Fill
in the blank. Work breakdown structure (WBS) is a ______________ o the workwith increasing detail
in each layer.Select one:a. layered descriponb. step changec. ballpark esmated. project execu on
plane. project logic diagramAns – a. layered descripon9. According to the PMBOK guide which o  the
ollowing statements is right in terms ousing reserve analysis to determine a project budget ?Select
one:a. Reserve analysis always plans conngency reserves or unexpected project scope andproject
costs, which are part o your project budget.b. Reserves should not be included in the project
budget.c. I you only have limited resources, you may completely ignore reserve analysis whenyou try
to determine your project budget.d. Planning conngency reserves or a project is not prac cal.e.
Conngency reserves have never been a concern when planning a project budget.Ans – a. Reserve
analysis always plans conngency reserves or unexpected projectscope and project costs, which are
part o your project budget.10. Fill in the blanks. It is during the ______________ phase that the
decision should bemade regarding whether the project should connue. During this phase,
____________must be considered and weighed against the potenal beneft o the project’s
success.Select one:a. compleon, costb. closeout, resourcesc. execuon, per ormanced. planning,
minge. iniaon, risk
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Ans – e. iniaon, risk11. What is the most crical aspect in developing a project plan that meets
projectspecifcaons within the merame and at the lowest costs?Select one:a. Assessing risk
managementb. Providing documents that specifcally comply with the quality standards in usec.
Emphasizing error prevenon and customer sasacond. Requiring commitment to quality by all
the employees and business partnerse. Developing a project execuon plan that matches the
complexity level o the projectAns – e. Developing a project execuon plan that matches the
complexity level o theproject12. Fill in the blank. Risk represents the likelihood that an event will
happen during thelie o the project that will negavely aect the ________________ o project
goals.Select one:a. scope creepb. achievementc. oatd. rough order o magnitudee. slackAns – b.
achievement13. What should be done by the project manager to ensure that all the work in theproject is
included?Select one:a. Create a conngency plan.b. Create a risk management plan.c. Create a WBS.d.
Create a statement o work.e. Create a scope statement.Ans – c. Create a WBS14. Fill in the blank.
During the _________ o a project, the project manager ocuses ondeveloping the project
inrastructure needed to execute the project and developingclarity around the project charter and
scope.Select one:a. compleon

b. start-upc. execuond. evaluaone. seleconAns – b. start-up15. Aer the celebraon o  the

successul milestone compleon, a project manager willoen do which o the ollowing?Select
one:a. Connue to increase the intensity o the project to achieve the next milestone.b. Con nue to
ollow the exact same project plan that helped the team achieve themilestone.c. Allow the team to
reect on fnding new ways o approaching the project work.d. Select an upcoming key event and
designate it as the next milestone.e. Stretch the goals o the project team, making them more tough
and rigorous.Ans – c. Allow the team to reect on fnding new ways o approaching the project
work.16. Once the project is approved and moves into the planning stage, what happens inthe next
phase o the project lie cycle?Select one:a. Agreements or risk sharing need to be concluded.b.
The total risk on the project typically reduces as acvies are perormed withoutloss.c. Risks must
be weighed against the potenal beneft o the project’s success in orderto decide i  the project
should be chosen.d. Risks are idenfed with each major group o acvies.e. A risk response plan
can be used to ideny increasing levels o detailed risk analysisAns – d. Risks are idenfed with
each major group o acvies17. What is the frst step in project planning?Select one:a. Establish the
objecves and scope.b. Determine the budget.c. Select the team organiza onal model.d. Determine
project constraints.e. Inspect the deliverables.

Ans – a. Establish the objecves and scope.18. Fill in the blank. Risk must be considered in the _____
phase and weighed againstthe potenal beneft o the project’s success in order to decide i  the
project should bechosen.Select one:a. compleonb. closeoutc. execuond. planninge. ini a onAns
– e. iniaon19. According to PMBOK, project management process groups are itera ve, which
wasoriginally defned by Walter Shewhart and later modifed by Edward Deming. Generally,one outcome
rom a previous process can serve as input or the next process. Which othe ollowing best
idenfes with the descripon o this concept?Select one:a. Project lie cycleb. Plan-Do-Check-Act
cyclec. Project phasesd. PM processese. HR process cycleAns – b. Plan-Do-Check-Act cycle20.
Determining the policies that are needed or the smooth execuon o a projectrelates to which o 
the ollowing agenda items o alignment sessions?Select one:a. Developing a common understanding
o the project purposeb. Establishing trust among team membersc. Engaging stakeholders in
dialogued. Developing role clarifcaon on projectse. Agreeing on the means and methods or
accomplishing the purposeAns – d. Developing role clarifcaon on projects21. Which o  the
ollowing is true about management meengs?

Select one:a. They are short meengs to develop a common understanding o what the short-
termpriories are or the project.b. They ocus on short-term acvies, usually less than a week
in duraon.c. They are purely act-based meengs with a le-brain type ocus.d. They have very
li le dialogue except to ask clarifca on ques ons.e. They are oriented toward developing plans,
tracking progress o exisng plans, andmaking adjustments to plans in response to new
inormaon.Ans – e. They are oriented toward developing plans, tracking progress o exisng
plans,and making adjustments to plans in response to new inormaon.22. Do it because I said to” is
the mantra or project managers who use _____ as thedeault approach to resolve conict.Select
one:a. collaborangb. compromisingc. accommodangd. orcinge. avoidingAns – d. orcing23. A(n)
_ is a review o the quality plan, procedures, data collecon, and analysis by anoutside group.Select
one:a. scope documentb. project appraisalc. cost perormance indexd. analogous es matee. quality
auditAns – e. quality audit24. Which o the ollowing is an advantage o including the project
manager in theproject evaluaon process?Select one:a. It enables the project manager to have an
understanding o the selecon criteria thatcan be used when making decisions about the project
during later phases.b. It may indicate a need or project manager skills and experiences that are
dierentrom the project manager who is involved in the evaluaon.

c. It allows the parent organizaon to select a project manager whose abilies matchthe complexity
profle o the project.d. It improves the project manager’s level o understanding about the project
andensures that the chosen project manager is the most suitable individual or execu ngthe
project.e. It helps achieve greater buy-in rom the top management o the parent organiza on.Ans
– a. It enables the project manager to have an understanding o the seleconcriteria that can be used
when making decisions about the project during later phases.25. Which o  the ollowing statements
is true regarding contracts?Select one:a. They are the flters through which project members screen
inormaon that isshared.b. They do not lend themselves to create an environment o trust.c. The
success o larger, more complex projects is more dependent on contracts than onrela onships o 
trust.d. Without contracts, projects that are highly dependent on an inormaon-richenvironment
will suer.e. Contracts promote the growth o a trusng project culture.Ans – b. They do not lend
themselves to create an environment o trust.26. Role clarifcaon acilitates the development o 
all o the ollowing, EXCEPT:Select one:a. communicaon planning.b. key milestones.c. work ow
organizaon.d. approval processes.e. role boundary spanning processes.Ans – b. key milestones.27.
During a new project planning process to sequence acvies, the project manager,Nate, decides to
use the precedence diagraming method to show the idenfed acvitydependencies. Which o  the
ollowing logical relaonships is Nate’s least avoritechoice?Select one:a. Finish-to-startb. Start-to-
fnishc. Finish-to-fnish

d. Start-to-starte. All o these answersAns – b. Start-to-fnish28. In today’s global society, many

projects become global. To eecvely worktogether, global virtual teams have been used in prac ce.
As a project manager or aglobal project, Jim was told by a local team member, Shan, that women are
not allowedto hold posions o authority because o the culture o his home country, since
Jimhired a emale local assistant project manager. How would you respond to this situaonas a PMP?
Select one:a. Inorm your local team member that a non-discriminaon policy has to be adopted or
this global project.b. Replace a local emale assistant PM with a male candidate.c. Do nothing.d. Ask all
project team members to a end a training session on trea ng di erentgender members  or this
global project equally.e. Fire the local team member because o his discriminaon behavior.Ans – a.
Inorm your local team member that a non-discriminaon policy has to beadopted or this global
project.29. Which o the ollowing is true about a project manager?Select one:a. Project managers
analyze work processes and explore opportunies to makeimprovements.b. Project managers are
ocused on the long-term health o the organizaon.c. Project managers are process ocused.d.
Project managers are goal oriented.e. Project managers standardize the work processes.Ans – d. Project
managers are goal oriented.30. Shauna has recently been appointed as a project manager or Project
SkyNorth,which is regarded as an important project in her organizaon. During the projectplanning
meeng, Shauna is capable o allocang key resources and personnel that sheneeds or this
project. Which organizaonal structure is best or Shauna’s company?Select one:a. Balanced matrix
organizaonb. Matrix organizaonc. Funconal organizaon

d. Projeczed organizaone. Hierarchical organizaonAns – d. Projeczed

organizaon32.Complete the ollowing statement. The method o incorpora ng change
intoproject planning and execuon processes is called the:Select one:a. project logic diagram.b. change
management process.c. milestone scheduled. crical pathe. rough order o magnitudeAns – b.
change management process33.BCR>1 indicates which o the ollowing?Select one:a. Benefts are
greater than the costs.b. Costs are greater than the benefts.c. Costs and benefts are well balanced.d.
Benefts are less than the costse. Costs are less than the benefts.Ans – a. Benefts are greater than the
costs.33. Which o the ollowing establishes key dates throughout the li e o  a project thatmust
be met or the project to fnish on me?Select one:a. Crical pathb. Ballpark esmatec. Pert
diagramd. Slack charte. Milestone scheduleAns – e. Milestone schedule34.Which o  the ollowing
statements about risk is true?

Select one:a. Project risk ocuses on idenying, assessing, and eliminang the risks on
theproject.b. Risk management is all about eliminang risk.c. Project risk is an uncertain event that,
even i it occurs, has no eect on projectobjecves.d. There are no risk-ree projects.e. Risk
management involves idenfcaon, evaluaon, and elevaon o riskAns – d. There are no risk-
ree projects.35.Why are changes to the project scope necessary?Select one:a. To understand
reportsb. To reect new inormaonc. To begin planning the projectd. To teach team members what
they need to know about their jobse. To establish a trusng project cultureAns – b. To re ect new
inormaon36.Fill in the blank. Crashing reers to when the task duraon’s are __ along thecri cal
path to meet the project compleon date.Select one:a. scope creepb. oatedc. slackd. compressede.
expeditedAns – d. compressed37.An Expected Monetary Value (EMV) o $100000 on a poten al
project event inthe project means which o the ollowing?Select one:a. A number that can be
ignoredb. An opportunity that must be exploredc. Actual losses on the eventd. Actual investment
returns on the evente. A threat that must be considered to minimize the project risk

Ans – b. An opportunity that must be explored38.Which o the ollowing is a orm o trust that is
built on the examinaon o theperson’s moves and the conclusion that he or she is not hos le?
Select one:a. Objecve credibilityb. Aribuon o benevolencec. Non-manipula ve trustd.
Unequivocal liberalitye. High cost o lyingAns – b. Aribuon o benevolence39.When calcula ng
EVM, Peter noced that the cumulave planned value is 150%o the cumula ve earned value.
What does this mean?Select one:a. SPI<1, so the project is behind schedule.b. SPI>1, so the project is OK
to complete on me.c. SPI<1, so the project is ahead o me.d. SPI>1, so the project is behind
schedule.e. SPI>1, so the project is on schedule.Ans – a. SPI<1, so the project is behind schedule.40.Fill in
the blank. A __ represents the sequence o the acvies needed tocomplete the project.Select
one:a. work break down structureb. scope o workc. project logic diagramd. run charte. step
changeAns – c. project logic diagram