Embarking on a project management journey? Whether you’re a seasoned pro or just diving in, our “Top 20 Project Management Quiz Questions With Answers” is your go-to resource for testing and enhancing your skills. In this blog, we’ve curated a set of engaging questions that cover the essential facets of project management.
From the fundamentals to advanced strategies, this quiz is designed to challenge and enlighten you. Sharpen your project management prowess as you explore topics like planning, execution, risk management, and more. Ready to test your knowledge? Dive into the quiz and discover valuable insights to propel your project management success!
So, Now let’s move on to the Top 20 Project Management Quiz Questions With Answers.
Q1. All of the following methods have proven to be useful techniques to help project teams identify the risks that might impact the project EXCEPT:
Select one:
a. brainstorming among team members and subject matter experts
b. documenting lessons learned
c. interviewing stakeholders
d. reviewing project documentsQ2. A __ presents a hierarchical organization of risks based on categories such as operational, strategic, finance, external, and project management.
Select one:
a. Risk Breakdown Structure (RBS)
b. Risk Register
c. Risk Management Plan
d. Decision TreeQ3. When a project team elects to purchase insurance, or adopts a fixed price contract with a vendor, or hires an expert, it is demonstrating which of the following risk response strategies?
Select one:
a. transfer a threat
b. assume a threat
c. avoid a threat
d. mitigate a threatQ4. Which of the following describes the activities appropriately performed by the project team during Perform Qualitative Risk Analysis?
Select one:
a. Team members define how to conduct risk management activities for the project.
b. Team members develop contingency plans for all risks to avoid adverse impacts to project objectives.
c. Team members identify potential risk events.
d. Team members assess the probability of occurrence and severity of impact for identified risks.Q5. All of the following are benefits that can be attributed to the effective use of a risk management plan EXCEPT:
Select one:
a. It facilitates communication with various project stakeholders.
b. It enables project managers to capitalize on some opportunities.
c. It enables the project manager to identify and eliminate all risks
d. It enables project managers to eliminate or reduce the impact of some threats.Q6. Which of the following accurately describes risk in project management?
Select one:
a. Project managers should always be risk averse
b. Risk assessment should remain objective and uninfluenced by stakeholder priorities.
c. Some projects have no risks.
d. A risk may impact the project in a positive or negative way.Q7. All of these describe contemporary methods of risk prioritization in project management EXCEPT:
Select one:
a. Risk prioritization is generally based on the probability of occurrence and severity of impact of each identified risk.
b. Some organizations call attention to the risks that are difficult to detect.
c. Some organizations place a higher priority on risks that are likely to happen soon.
d. Results of quantitative risk analysis are used for clarification purposes and are typically not documented in the risk register.Q8. Project teams can often identify risks by conducting any of several types of reviews. Which of the following illustrates a valuable type of risk review?
Select one:
a. review the project schedule to determine if certain people are overloaded
b. review previous projects to verify that each current assumption is correct
c. review the communication plan to determine where poor communications could cause a problem
d. review sunk costs to determine project continuanceQ9. Which of the following activities illustrates a risk response strategy designed to research a threat or an opportunity?
Select one:
a. construct a prototype to learn more about a candidate solution
b. establish triggers and update them frequently
c. identify a risk owner for each high-priority risk
d. establish time or cost contingenciesQ10. The risk register is a living document and new risks can be added as they are discovered.
Select one:
a. True
b. FalseQ11. The process of defining how to conduct risk management activities for a project is known as Project Risk Absorption Methodology (PRAM).
Select one:
a. True
b. FalseQ12. The primary questions project teams use in qualitative risk analysis are “how likely is this risk to happen?”, and “if it does happen, how big will the impact be?”
Select one:
a. True
b. FalseQ13. When complete, the risk register presents the results of both qualitative and quantitative risk analysis as well as risk response planning.
Select one:
a. True
b. FalseQ14. The primary output of Identify Risks is the Risk Identification Matrix (RIM).
Select one:
a. True
b. FalseQ15. The risk register is a component of the project management plan that describes how risk management activities will be structured and performed on a project.
Select one:
a. True
b. FalseQ16. The purpose of risk management is to eliminate all project risk.
Select one:
a. True
b. FalseQ17. Plan Risk Responses is the process of developing options and actions to enhance opportunities and reduce threats to project objectives.
Select one:
a. True
b. FalseQ18. A risk management plan should define who has responsibility for causing each risk and hold the responsible party directly accountable for developing an appropriate solution.
Select one:
a. True
b. FalseQ19. Perform Quantitative Risk Analysis is the process of numerically analyzing the effect of identified risks on overall project objectives.
Select one:
a. True
b. FalseQ20. The risk register is a living document, and new risks can be added as they are discovered.
Select one:
a. True
b. False
Answers
- b
- a
- a
- d
- c
- d
- d
- c
- a
- a
- b
- a
- a
- b
- b
- b
- a
- b
- a
- a