GCPM Online Practice Questions and Answers

You are the project manager of the JKM Project for your organization. Your project is supposed to be 60 percent complete but you are only 45 percent complete. The project has an assigned budget of $765,000 but you have already spent $365,000 to reach this point in the project due to some errors and rework. Management is pressing you on when you'll complete the project and how much the project will likely cost based on the current performance. You need to tell management what the project's current cost performance index (CPI) is. What value should you report to management based on your project's performance?

A. $306,000

B. .75

C. .94

D. $344,250

You work as the project manager for Bluewell Inc. You are working on NGQQ Project for your company. You have completed the risk analysis processes for the risk events. You and the project team have created risk responses for most of the identified project risks. Which of the following risk response planning techniques will you use to shift the impact of a threat to a third party, together with the responses?

A. Risk acceptance

B. Risk avoidance

C. Risk transference

D. Risk mitigation

Which of the following types of organizational structures represents a hierarchy where every member has one leader and the employees are grouped by the area of expertise?

A. Matrix

B. Functional

C. Jury

D. Projectized

Mark works as a project manager for PassGuide Inc. He has to identify the internal and external stakeholders who will interact and influence the overall outcome of the project. Which of the following process groups will help him to accomplish the task?

A. Initiating

B. Planning

C. Monitoring and Controlling

D. Executing

Your project is an agricultural-based project that deals with plant irrigation systems. You have discovered a byproduct in your project that your organization could use to make a profit. If your organization seizes this opportunity it would be an example of what risk response?

A. Opportunistic

B. Positive

C. Exploiting

D. Enhancing

Rick is the project manager for TTM project. He is in the process of procuring services from vendors. He

makes a contract with a vendor in which he precisely specify the services to be procured, and any

changes to the procurement specification will increase the costs to the buyer.

Which type of contract is this?

A. Fixed Price Incentive Fee

B. Cost Plus Fixed Fee Contract

C. Firm Fixed Price

D. Fixed Price with Economic Price Adjustment

Which of the following is an input to the Identify Risk process?

A. The project scope statement

B. Residual risks

C. Return on investment

D. Referent power

Shawn is the project manager of the WHT Project for his company. In this project Shawn's team reports that they have found a way to complete the project work for less cost than what was originally planned. The project team presents a new software that will help to automate the project work. While the software and the associated training costs $25,000 it will save the project nearly $65,000 in total costs. Shawn agrees to the software and changes to the project management plan accordingly. What type of risk response has been used in this instance?

A. Accepting

B. Enhancing

C. Avoidance

D. Exploiting

Which of the following is described in the statement below?

"It is a form of discussion held in person or by electronic means. Its goal is to come to a written agreement regarding a business matter."

A. Agreement

B. Project charter

C. Contract negotiation

D. Scope

In which of the following processes is it ensured that the human resources are available and the required team is obtained for completing the project assignments?

A. Acquire Project Team

B. Develop Human Resource Plan

C. Develop Project Team

D. Manage Project Team

Which of the following quality costs refers to the cost of all tasks particularly designed to prevent poor quality in products or services?

A. Prevention cost

B. Appraisal cost

C. External failure cost

D. Internal failure cost

During which of the following processes, probability and impact matrix is prepared?

A. Plan Risk Responses

B. Perform Qualitative Risk Analysis

C. Perform Quantitative Risk Analysis

D. Monitoring and Control Risks

Which of the following are outputs of the Control Scope process? Each correct answer represents a complete solution. Choose all that apply.

A. Work performance measurement

B. Project management plan update

C. Change request

D. Requirement documentation

Which of the following calculates the earliest and latest starts and finishes of each activity without making the project longer?

A. RACI

B. RBS

C. CPM

D. WBS

How many steps are there in the Plan stage of the PDCA cycle?

A. 4

B. 5

C. 3

D. 6