FREE Best PMBOK Guide Question and Answers

Question 1

The project's goal is to look into the technical, economic, and social viability of building a hydroelectric dam. The project sponsor has now approved the project charter that the project manager drafted on their behalf.

Which procedure from the list below has to be done next?

Accepted Answer

Identify Stakeholders

Answer

Develop Project Charter

Answer

Develop Project Management Plan

Answer

Identify Risks

Question 2

The document including the description, owner, source, priority, and status of product requirements is requested by the project sponsor.

The project sponsor is asking for which project document.

Accepted Answer

The requirements traceability matrix

Answer

The requirements management plan

Answer

The work breakdown structure (WBS)

Answer

The scope management plan

Question 3

A business is thinking about the projects Alpha and Beta. Project Beta is anticipated to generate a net profit of $45 million, while Project Alpha is anticipated to generate a $50 million profit. Both initiatives may be highly profitable and rewarding. The corporation may only invest in one of these initiatives, according to the financial controller, who made this statement.

What will the opportunity cost be if project Alpha is chosen?

Accepted Answer

$45 million

Answer

$30 million

Answer

$75 million

Answer

$10 million

Question 4

You notice that project expenses are greater than anticipated at this stage of the project as you keep an eye on the cost baseline for your project.

What is the most probable reason for the difference?

Accepted Answer

Excess inventory

Answer

Lack of stakeholder support

Answer

Overestimated material costs

Answer

An incomplete milestone list

Question 5

You are having trouble breaking down the testing work package into the last few tasks necessary to finish the work package. Prior to the system being at least 50% created and more information becoming available, specific testing strategies and activities cannot be specified. The work package for system development will be finished in at least three months.

What is the best approach to fixing this issue?

Accepted Answer

Separate the system testing work package from the system development work package first.

Answer

Consult the project management plan to determine what to do in this situation

Answer

Use system analysis and product breakdown methodologies to break down the system testing job bundle.

Answer

Project should be divided into several phases, with the system testing work package coming in the second phase.

Question 6

You are in charge of your company's software upgrading project. Your project sponsor has a great deal of authority over project decisions, but you recently learned that he doesn't have much interest in your project. You require the ongoing assistance of your project sponsor to successfully execute the project.

Which approach to stakeholder management ought your project sponsor to take?

Accepted Answer

Keep the sponsor satisfied

Answer

Manage the sponsor closely

Answer

Keep the sponsor informed

Answer

Monitor the sponsor's actions

Question 7

You're going to begin making plans for a significant and complicated project. The creation of a thorough project management strategy will be essential due to the project's magnitude, as well as regulatory and environmental constraints.

What should you do first as a starting point for basic project planning?

Accepted Answer

Review the project charter to comprehend the project's high-level details.

Answer

To ensure that everyone in the project team is on the same page regarding the deliverables, share the project scope statement.

Answer

To inform, involve, and secure the commitment of stakeholders, host a project kick-off meeting.

Answer

Start the process of identifying stakeholders so they can be involved in project planning as needed.