GCPM Online Practice Questions and Answers

You work as a project manager for PassGuide Inc. You are performing a task to generate a hierarchical list of resources related by function and resource type that is used to facilitate planning and controlling of project work. Which of the following components of project management will you use to accomplish the above task?

A. PERT chart

B. RBS

C. Gantt chart

D. WBS

Which of the following is described in the statement below? "It contains a complete set of indexed contract documentation. It is prepared to be included with the final project files."

A. Procurement file

B. Project charter

C. Risk register

D. Stakeholder register

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

You are the project manager for your organization and would like to use a time and materials contract for a small project. What must a time and materials contract have to safeguard the project?

A. Terms for payment

B. A not-to-exceed clause

C. An approved vendor by a leading trade organization

D. Approval from the project sponsor

You work as a project manager for BlueWell Inc. Management has asked you to work with the key project stakeholder to analyze the risk events you have identified in the project. They would like you to analyze the project risks with a goal of improving the project's performance as a whole.

What approach can you use to achieve the goal of improving the project's performance through risk analysis with your project stakeholders?

A. Focus on the high-priority risks through qualitative risk analysis

B. Use qualitative risk analysis to quickly assess the probability and impact of risk events

C. Involve the stakeholders for risk identification only in the phases where the project directly affects them

D. Involve subject matter experts in the risk analysis activities

Marsha is the project manager of the NHQ Project. There's a risk that her project team has identified, which could cause the project to be late by more than a month. Marsha does not want this risk event to happen so she devises extra project activities to ensure that the risk event will not happen. The extra steps, however, will cost the project an additional $10,000. What type of risk response is this approach?

A. Transference

B. Mitigation

C. Enhancing

D. Exploiting

Which of the following techniques is used to acquire the required services from outside sources when the organization lacks the internal staff required to finish a project?

A. Acquisition

B. Virtual team

C. Pre-assignment

D. Negotiation

You work as a project manager for PassGuide Inc. You are in the project kickoff meeting. Which of the following documents are reviewed during the project kickoff meeting?

Each correct answer represents a complete solution. Choose all that apply.

A. Project budget

B. Project charter

C. Project scope

D. Project WBS

Which of the following processes documents risk characteristics?

A. Manage risk

B. Monitor risk

C. Assess risk

D. Identify risk

Which of the following is a document that covers the work that will be done, how the work will be compensated, and any penalties for noncompliance?

A. Project description

B. Control chart

C. Cost baseline

D. Contract