MEM Principles of Project Management 5

Question 1

A project manager encounters a situation where a vendor offers a personal gift during contract negotiations. The BEST course of action is:

Accepted Answer

Decline the gift and report it per organizational ethics policies

Answer

Accepting gifts during procurement can create conflicts of interest; ethical standards require declining and reporting such situations.

Question 2

Which type of project organizational structure gives the project manager the MOST authority over resources?

Accepted Answer

Projectized

Answer

In a projectized structure, team members report directly to the project manager, who controls resources, budget, and priorities.

Question 3

What is the key difference between a project and an operation in engineering management?

Accepted Answer

Projects are temporary and produce unique outcomes; operations are ongoing and repetitive

Answer

By definition, a project has a defined start and end date with unique deliverables, while operations sustain ongoing business functions.

Question 4

During project execution, a risk that was not previously identified materializes. This is best described as a:

Accepted Answer

Workaround situation

Answer

A workaround is an unplanned response to an emerging risk or issue that was not identified in the risk register.

Question 5

A project manager wants to ensure continuous improvement in project quality. Which tool compares a project's process metrics to industry benchmarks?

Accepted Answer

Benchmarking

Answer

Benchmarking compares actual or planned practices to those of comparable projects or industry standards to identify improvement opportunities.

MEM - Master of Engineering Management Practice Test