Preparation Question Set - 1

1) You are leading a team to make a bid for 2 million dollar project. All team members are located in a single room to create all required documentation, discussion etc for past 3 weeks. What of the below best describe the situation
a) This a fixed price contract
b) This is an example of co-location
c) This is war room
d) This is a team building exercise since all team members stay together

2) You are in client site attending a bidder’s conference as a project manager. While discussion with one of the project manager (who is also a PMP) from client side, he borrowed your pen to explain some details to you on a paper. Your pen is a very expensive branded pen. On next day you realized that the project manager has not returned you the pen. What should you do?
a) Call PMP for the ethical violation done by the project manager and report the incident
b) Call the Manager and humbly tell him that you will collect your pen when they meet next time
c) Let the manager keep the pen as if you ask it you may not get the project
d) You should tell your manager and ask not to report it to PMP since its not a bribe

3) What is ideal sequence for Scope verification and Quality control
a) Quality control and then Scope verification
b) Does not matter, any order is acceptable as long a project management plan is followed
c) Both can be done at the same time
d) Scope verification and then Quality control

4) You have some dispute with Functional Manager on resource allocation. What is the best way to resolve such conflict
a) Confronting
b) Soothing
c) Withdraw
d) Compromise

5) How Contingency reserve is different from Management reserve
a) They are same thing
b) Contingency reserve is part of cost baseline while Management reserve is part of cost budget
c) Contingency reserve is used only when Management reserve is already used
d) Both should not be used as it’s a bad project management to use reserve

6) You are a project manager in a construction company. Project is suffered by a lot of issues off late and you have already conducted 3 risk review meeting. Most of the team members feel that project is suffering because of too many changes even though they are approved by CCB. There were 2 secondary risks because of emergency steps taken due to sudden risk event, which was not planned or anticipated. What do you think wrong in the above statement?
a) Secondary risk never happened.
b) CCB should not approve change when there are too many problems
c) Risk review meeting is not necessary but effort should be spent on Risk planning.
d) Risk planning is not adequate

7) Project charter is created by
a) Senior Management
b) Project Manager
c) Functional Manager
d) Project Team

8) Which one is desirable between grade and quality
a) Both are same and hence should be always high
b) High quality is desired while high grade may not be required based on requirement
c) Quality may be low but grade should be high
d) As long as customer accepts none of them matters at all

9) CV = 0, SPI = 1, BAC = 200 what will be the EAC?
a) Not sufficient information to predict
b) 200
c) 0
d) 100

10) You are a project manager and doing a project under contract. Which of the below statement is not correct
a) Buyer is a key stakeholder
b) You have to follow Contract Administration process
c) Since you are doing a fixed price project risk is at your side is higher
d) Since you are doing the project under contract only Project Procurement Management is required










Answers:

1) c
2) b
3) a (a is most correct answer while C is correct too in some cases)
4) d
5) b
6) a (secondary risk happens only for those risk which has planned risk response)
7) b
8) b
9) b
10) d