GCPM Online Practice Questions and Answers

You work as a project manager for PassGuide Inc. You are working with your project team to plan the risk responses. Your project has a budget of $450,000 and is expected to last seven months. You have identified a risk event that has a probability of .60 and has a cost impact of $250,000 within the project. While creating a risk response for this event, what is the risk exposure of the event that must be considered for the cost of the risk response?

A. Risk exposure is $250,000.

B. Risk exposure is $150,000.

C. Risk exposure is $350,000.

D. Risk exposure is $50,000.

You are a new Project Manager that has been entrusted with a software development project that is in progress. A sub-contracting company has been doing the development work on this project. Which of the following processes do you not need to work on, as part of the procurement management?

A. Closing

B. Planning

C. Initiation

D. Executing

Virginia is the project manager for her organization. She has hired a subject matter expert to interview the project stakeholders on certain identified risks within the project. The subject matter expert will assess the risk event with what specific goal in mind?

A. To determine the probability and schedule of the risk event

B. To determine the level of probability and impact for each risk event

C. To determine the validity of each risk event

D. To determine the bias of the risk event based on each person interviewed

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

You are the project manager of the BGY Project. A new issue has been identified in the project and this issue could prove to be costly for the project. The issue affects Anna's project deliverable and she is a negative stakeholder for the project. Considering these elements of the project, what type of communication would be the most effective to share this news with Anna?

A. Face-to-face meeting

B. Documented review of the issue

C. Immediate telephone call

D. Informal presentation meeting

Jeff works as a project manager for PassGuide Inc. He has to adjust the amount of time between two activities. He wants to delay the start of the second activity by 14 hours. Which of the following scheduling components will Jeff add to the second activity?

A. Project slack

B. Project float

C. Lag time

D. Lead time

Which of the following diagrams is described in the statement below? "It allows comparison of the workload with detailed resource availabilities. It also enables roll-up of both resource assignments and availability data to a higher level."

A. Roles and responsibility matrix

B. RBS

C. WBS

D. RACI chart

You are the project manager for your organization. The resources that you'll be using on your project are part of a union. The union representatives inform you that you may only utilize union labor on your project for a maximum of 25 hours per week. What approach will you need to do to reveal over utilization of the union resources?

A. Critical path method

B. Fast tracking

C. Critical chain method

D. Resource leveling

Which of the following is the delay between tasks that have a dependency?

A. Fixed time

B. Lead time

C. Mean time

D. Lag time

Which one of the following best describes a quality metric?

A. An operational definition in specific terms what something is and how the quality control processes measures it.

B. A value associated with a project process that may be measured in the cost of achieving the process results.

C. An operational definition in specific terms what something is and how the quality assurance processes measures it.

D. The ability of an entity to satisfy stated and implied needs.