Assesment
Assesment
Assesment
As a project manager, you understand the importance of identifying and documenting project risks. In
this context, which of the following statements is true?
Choice 1
Choice 2
Choice 3
Choice 4
Risk identification occurs during different project stages depending on the type of the project
Correct Choice : 1
Justification :
Risk identification is done as part of the Planning Process Group. Reference: PMBOK® Guide - Fifth
Edition, page 61 (table 3-1)
Question No : 2
In your project, the process of monitoring the status of the project and product scope and managing
changes to the scope baseline is referred to as:
Choice 1
Validate Scope
Choice 2
Control Scope
Choice 3
Define Scope
Choice 4
Collect Requirements
Correct Choice : 2
Justification :
Control Scope is the process of monitoring the status of the project and product scope and managing
changes to the scope baseline. Reference: PMBOK® Guide - Fifth Edition, page 136
Question No : 3
You are working as a project manager in an IT company. Your project is facing major difficulties in the
quality of its deliverables and you are getting recurring problems. The project sponsor has insisted that
no compromise can be made in the quality of the deliverables. In this context, if the problem persists,
the BEST option you would choose as a project manager to remedy the problem is to:
Choice 1
Allow increase in cost of quality but ensure that the root cause of the problem is fixed
Choice 2
Choice 3
Choice 4
Correct Choice : 1
Justification :
Cost of Quality includes all costs incurred over the life of the product by investment in preventing non-
conformance to requirements, appraising the product or service for conformance to requirements, and
failing to meet requirements (rework). Here, cost of quality is increased and measures are taken to
control the recurrence of the problem. Reference: PMBOK® Guide - Fifth Edition, page 235
Question No : 4
You work for a company which executes heavy engineering contracts. While performing risk response
planning for your project, you determine a risk that there is a "Possibility of getting new orders in the
future which are beyond the current capacity of our production facilities." What should you do?
Choice 1
Choice 2
Choice 3
Choice 4
Justification :
Strategies for positive risks or opportunities are... exploit, share, enhance, and accept. Reference:
PMBOK® Guide - Fifth Edition, page 345 PMstudy.com comments: “Possibility of getting new orders in
the future” refers to a positive event: so, this is a positive risk. This can also be called an opportunity
because the projects are not internal to the company but got from other providers. So, option 4 is the
best choice which talks about classifying this as an opportunity and exploiting it.
Question No : 5
Your company (buyer) has entered into a few contracts recently that have not been successfully
implemented. Your sponsor calls for a meeting to determine what should be the overall goal while you
negotiate contracts. In this context, what should be the most important objective of a contract?
Choice 1
Choice 2
Choice 3
Negotiate for the best price and protect interests of the buyer
Choice 4
Correct Choice : 1
Justification :
It is the project management team`s responsibility to make certain that all procurements meet the
specific needs of the project while adhering to organizational procurement policies. Reference: PMBOK®
Guide - Fifth Edition, page 357
Question No : 6
From a project management perspective, which of the following BEST describes quality attributes?
Choice 1
Choice 2
They provide a basis for determining how effectively performing organization supports the project.
Choice 4
They are the specific characteristics for which a project`s product is designed and tested.
Correct Choice : 4
Justification :
Quality is "the degree to which a set of inherent characteristics fulfil requirements". Reference: PMBOK®
Guide - Fifth Edition, page 228 PMstudy.com comments: Quality attributes refer to all those specific
characteristics for which a project`s product is designed and tested.
Question No : 7
Being a diligent project manager, you understand the importance of identifying all project risks which
can then be prioritized using the Perform Qualitative and Quantitative Risk Analysis. In this context,
which of the following tools and techniques can be used for the Identify Risks process?
Choice 1
Choice 2
Assumptions analysis, risk probability and impact assessment, interviewing, and Delphi technique
Choice 3
Expected monetary value, root cause analysis, influence diagrams, and documentation reviews
Choice 4
Contingent response strategies, assumptions analysis, influence diagrams, and Delphi technique
Correct Choice : 1
Justification :
Option 1: This is the correct answer as it has all the tools and techniques which are used for the Identify
Risks process. Option 2: Risk probability and impact assessment – this is used for the Perform Qualitative
Risk Analysis process. Option 3: Expected monetary value – this is used for the Perform Quantitative Risk
Analysis process. Option 4: Contingent response strategies – this is used in the Plan Risk Responses
process. Reference: PMBOK® Guide - Fifth Edition, page 312 (figure 11-1)
Question No : 8
Project initiation consists of processes that facilitate the formal authorization to start a new project or a
project phase. In this context, which of the following is not performed during project initiation?
Choice 1
Choice 2
Choice 3
Choice 4
Correct Choice : 4
Justification :
Project Scope Statement is created after project initiation. Reference: PMBOK® Guide Fifth Edition,
pages 61 (table 3-1) and 430 (figure A1-11) PMstudy.com comments: Please note: Option 1: Project
Charter is developed/created during the project initiating stage. Option 2: As part of the initiating
process group, many large or complex projects may be divided into separate phases Option 3: Involving
the customers and other stakeholders during the initiating stage generally improves the probability of
shared ownership, deliverable acceptance, and customer and other stakeholder satisfaction.
Question No : 9
The project scope statement consists of the product scope description and project deliverables. It also
defines the:
Choice 1
Scope Baseline
Choice 2
WBS
Choice 3
Choice 4
WBS dictionary
Correct Choice : 3
Justification :
The detailed project scope statement, either directly, or by reference to other documents, includes the
following: product scope description, acceptance criteria, deliverables, project exclusions, constraints
and assumptions. Reference: PMBOK® Guide - Fifth Edition, pages 123 and 124 PMstudy.com
comments: Option 1 (Scope Baseline), Option 2 (WBS) and Option 4 (WBS Dictionary) are outputs of the
Create WBS process. Hence, they are not included in the Scope Statement, which is output of the Define
Scope process.
Question No : 10
Choice 1
Choice 2
Choice 3
Choice 4
Correct Choice : 3
Justification :
Question No : 11
You note that the ability to influence the cost of a project is:
Choice 1
Choice 2
Choice 3
Choice 4
Justification :
The ability to influence cost is greatest at the early stages of the project, making early scope definition
critical. Reference: PMBOK® Guide - Fifth Edition, page 193
Question No : 12
You have recently taken over a project from another project manager, who left the company. You realize
that the project is behind schedule and over budget, but the senior management is unaware of this fact.
In this context, what should you do FIRST?
Choice 1
Choice 2
Choice 3
Bring the project on schedule and then inform the management about the status of the project.
Choice 4
Correct Choice : 2
Justification :
As per the PMI Code of Ethics and Professional Conduct, a project manager should always provide true
account of information in an appropriate manner at appropriate times. Option 1: This is an extreme step
and should not be taken now Option 2: This is the correct answer, the management should be informed
about the project status. Option 3: This is unethical - you should not withhold information from
appropriate stakeholders. Option 4: Crashing would further increase costs and fast-tracking may
increase risks : this may adversely impact the project status, and should be done only after informing the
management. Reference: PMstudy.com comments
Question No : 13
A project team member informs you that a particular task is taking much more time than what was
budgeted. You are surprised because you, as a project manager, had not anticipated this delay, and you
ask for status reports and forecasts from all project team members. Which process group are you in?
Choice 1
Initiating
Choice 2
Executing
Choice 3
Choice 4
Planning
Correct Choice : 3
Justification :
•Control Communications is the process of monitoring and controlling communications throughout the
entire project life cycle to ensure the information needs of the project stakeholders are met. Reference:
PMBOK® Guide Fifth Edition, page 533 PMstudy.com comments: Control Communications is a part of
Monitoring and Controlling Process Group (PMBOK® Guide Fifth Edition, page 61, table 3-1).
Question No : 14
The explicit and implicit customer requirements that should be captured as part of your project can be
referred to as:
Choice 1
Quality
Choice 2
Activity
Choice 3
Choice 4
Quality attributes
Correct Choice : 3
Justification :
Voice of the Customer. A planning technique used to provide products, services, and results that truly
reflect customer requirements by translating those customer requirements into the appropriate
technical requirements for each phase of project product development. Reference: PMBOK® Guide -
Fifth Edition, page 566 PMstudy.com comments: Voice of the customer refers to explicit and implicit
customer requirements that should be captured as part of the project.
Question No : 15
For a new project manager, who has never managed a project before, it is BEST to rely on which of the
following to improve chances of project success?
Choice 1
Choice 2
Choice 3
Historical information
Choice 4
Intuition
Correct Choice : 3
Justification :
Historical information and lessons learned information are transferred to the lessons learned knowledge
base for use by future projects or phases. This can include information on issues and risks as well as
techniques that worked well that can be applied to future projects. The outgoing manager may or may
not have the complete information but all relevant information is stored as part of the historical
documents Reference: PMBOK® Guide - Fifth Edition, page 104
Question No : 16
You are a Project Manager in charge of building a school that will open next month in the middle of a
state-funded housing project. In your project, you are reviewing and maintaining realistic start and finish
dates for project activities. This should be done as part of:
Choice 1
Sequence Activities
Choice 2
Choice 3
Develop Schedule
Choice 4
Define Activities
Correct Choice : 3
Justification :
Developing an acceptable project schedule is often an iterative process. It determines the planned start
and finish dates for project activities and milestones. Schedule development can require the review and
revision of the duration estimates and resource estimates to create an approved project schedule that
can serve as a baseline to track progress. Reference: PMBOK® Guide - Fifth Edition, page 174
Question No : 17
Recently, there have been quality related problems in your project and your sponsor has asked you to
work on improving the quality parameters. In this context, which of the following statements about
quality parameters is correct? A. Customer satisfaction refers to understanding and managing
expectations so that customer requirements are met. B. Customer satisfaction is a combination of
conformance to requirements and fitness for use. C. Quality should be planned and built in - not
inspected in. D. Cost of preventing mistakes is generally higher than cost of correcting them.
Choice 1
A and C
Choice 2
B and C
Choice 3
Only C
Choice 4
A, B and C
Correct Choice : 4
Justification :
One of the fundamental tenets of modern quality management states that quality is planned, designed,
and built in - not inspected in. The cost of preventing mistakes is generally much lower than the cost of
correcting them when they are found during inspection. Reference: PMBOK® Guide - Fifth Edition, page
228
Question No : 18
You are the project manager for the construction of a shopping mall. As the location is prone to
earthquakes, you plan to construct a building that is resistant to earthquakes. This is an example of:
Choice 1
Risk mitigation
Choice 2
Risk transfer
Choice 3
Risk avoidance
Choice 4
Risk acceptance
Correct Choice : 1
Justification :
Risk mitigation implies a reduction in the probability and/or impact of an adverse risk to be within
acceptable threshold limits. Reference: PMBOK® Guide - Fifth Edition, page 345 PMstudy.com
comments: Just as prevention is better than cure, early action is more effective than trying to repair the
damage after the risk has occurred.
Question No : 19
You have been working on a project for the last six months. Your management lets you know that you
will receive an incentive of $ 5,000, if you complete the project one month ahead of schedule. When
closing the project ahead of schedule, your team informs you that the product contains a minor flaw and
may not fully satisfy the customer`s needs. However, rectification of the minor flaw will require a lot of
changes and take 2 more months. In this context, you will:
Choice 1
Choice 2
Choice 3
Choice 4
Close the project and then inform the sponsor about the flaw.
Correct Choice : 2
Justification :
Option 2: Since this is a "minor flaw," but rectification of that flaw would take a long time, it is better to
discuss with the sponsor and customer and get their inputs Option 1 and Option 4: This is unethical - the
project manager should definitely complete the project as per the specifications before closing the
project. Option 3: Rectification of a minor flaw can lead to delay of 2 months in the project: so, the
project manager should first inform the sponsor and customer before rectification of the flaw.
Reference: PMstudy.com comments
Question No : 20
A project management plan should be realistic so that it can be used to manage a project successfully.
Which of the following is the BEST method to prepare a realistic project management plan?
Choice 1
Project manager creates the project management plan based on inputs from the sponsor and the
functional manager.
Choice 2
Sponsor creates the project management plan based on inputs from the project manager and the
functional manager.
Choice 3
Project manager creates the project management plan based on inputs from the team.
Choice 4
Sponsor creates the project management plan based on inputs from all the stakeholders.
Correct Choice : 3
Justification :
The project management plan is prepared by the project manager based on the inputs from the team
and all the appropriate stakeholders. Reference: PMstudy.com comments