Project Management Study Quiz

115 Questions | By Mhobb151 | Updated: Nov 17, 2022 | Attempts: 265

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Project management is planning, organizing, and managing resources to achieve an organizational goal. This quiz on Project Management Study will equip you with practical and theoretical knowledge about the topic, which is essential to increase the productivity of an organization. The quiz contains a vast array of questions that not test your knowledge but also provide you with valuable information that will go a long way in upscaling your career and organization's growth. All the best!

Questions and Answers

1.

_____ involves reducing the impact of a risk event by reducing the probability of its occurrence.
- A.
  
  Risk avoidance
- B.
  
  Risk acceptance
- C.
  
  Risk transference
- D.
  
  Risk mitigation
2.

_____ involves taking steps to enhance opportunities and reduce threats to meeting project objectives.
- A.
  
  Performing quantitative risk analysis
- B.
  
  Planning risk responses
- C.
  
  Controlling risk
- D.
  
  Performing qualitative risk analysis
3.

In project procurement management, the process of _____ involves obtaining seller responses, selecting sellers, and awarding contracts.
- A.
  
  Conducting procurements
- B.
  
  Closing procurements
- C.
  
  Settling contracts
- D.
  
  Planning procurement management
4.

____ involves shifting the consequence of a risk and responsibility for its management to a third party.
- A.
  
  Risk avoidance
- B.
  
  Risk acceptance
- C.
  
  Risk transference
- D.
  
  Risk mitigation
5.

_____ are predefined actions that the project team will take if an identified risk event occurs.
- A.
  
  Secondary risks
- B.
  
  Workarounds
- C.
  
  Contingency plans
- D.
  
  Management reserves
6.

____ involves changing the size of the opportunity by identifying and maximizing key drivers of the positive risk.
- A.
  
  Risk exploitation
- B.
  
  Risk sharing
- C.
  
  Risk enhancement
- D.
  
  Risk acceptance
7.

Outputs of the _____ process consist of selected sellers and resource calendars.
- A.
  
  Closing procurements
- B.
  
  Conducting procurements
- C.
  
  Planning procurement management
- D.
  
  Controlling procurements
8.

Using the formula for calculating the number of communication channels, how many channels would five people require
- A.
  
  9
- B.
  
  10
- C.
  
  11
- D.
  
  14
9.

Projects often do not cause any changes in an organization.
- A.
  
  True
- B.
  
  False
10.

Which of the following processes of project procurement management involves managing relationships with sellers, monitoring contract performance, and making changes as needed?
- A.
  
  Closing procurements
- B.
  
  Settling contracts
- C.
  
  Deciding on the service to procure
- D.
  
  Controlling procurements
11.

Groups representing consumer, environmental, or other interests can be identified as project stakeholders.
- A.
  
  True
- B.
  
  False
12.

A simple way to document basic information on project stakeholders is by creating a(n) _____.
- A.
  
  Managers register
- B.
  
  Depositor register
- C.
  
  Stakeholder register
- D.
  
  None of the above
13.

A(n) _____ is a technique for analyzing information to determine which stakeholders’ interests to focus on and how to increase stakeholder support throughout the project.
14.

In project procurement management, which of the following processes involve completion and settlement of each contract, including resolution of any open items?
- A.
  
  Planning procurement management
- B.
  
  Controlling procurements
- C.
  
  Closing procurements
- D.
  
  Conducting procurements
15.

A leading stakeholder is one who is aware of the project and is neither supportive nor resistant to it.
- A.
  
  True
- B.
  
  False
16.

A(n) _____ is a tool used to group stakeholders based on their level of authority and their level of concern for project outcomes.
17.

The stakeholder management plan should not be accessible to all stakeholders.
- A.
  
  True
- B.
  
  False
18.

A team has 10 communication channels between its various members. Using the formula number of communication channels = n (n-1)/2, where n is the number of people in the team, the team has _____ members
- A.
  
  5
- B.
  
  3
- C.
  
  2
- D.
  
  10
19.

The procurement statements of work are an output of the _____ process of project procurement management.
- A.
  
  Planning
- B.
  
  Executing
- C.
  
  Monitoring and controlling
- D.
  
  Closing
20.

Issue logs can be used to address issues related to other knowledge areas like project scope management or project quality management.
- A.
  
  True
- B.
  
  False
21.

An example of push communication is _____.
- A.
  
  Meetings
- B.
  
  Video conferencing
- C.
  
  Voice mails
- D.
  
  Blogs
22.

Project management software tools normally do not promote the use of Facebook as a forum to promote project activities.
- A.
  
  True
- B.
  
  False
23.

Which of the following is true of push communication?
- A.
  
  Information is sent only to recipients who request the information.
- B.
  
  This method ensures that the information is understood by recipients.
- C.
  
  Information is sent to recipients without their request.
- D.
  
  This method ensures that the information is received by the recipients.
24.

In project procurement management, the process of conducting procurement's is part of the _____ process.
- A.
  
  Planiing
- B.
  
  Executing
- C.
  
  Monitoring and controlling
- D.
  
  Closing
25.

_____ is the new knowledge area identified by the Project Management Institute.
- A.
  
  Project stakeholder management
- B.
  
  Project communication management
- C.
  
  Project risk management
- D.
  
  Project procurement management