MGMT 404 Project Management Midterm Exam | Answered Latest 2025.

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MGMT 404 Midterm Questions & Answers Summer 2025. 1. Which of the following best fits "Ensure that you develop the right products that will satisfy the needs for which the project is undertaken"? ... (a) Scope (b) Resources (c) Quality (d) Integration 2. Which of the following is NOT true regarding portfolio management? (a) A portfolio is an interface of the firm's projects and programs to its strategy (b) Investments are usually made at the portfolio level (c) All projects must be aligned with programs in order to be included in a portfolio (d) A triangular relationship exists between projects, programs and portfolios 3. The purpose of monitoring and controlling is to make sure the project is executed as planned. Which of the following is a step performed during this process group? (a) The vendor turns over the final deliverables for the project (b) Create the work breakdown structure for the project (c) Compare results of project performance against the baseline to measure project deviation from the plan (d) The stakeholders define the project requirements 4. Three of the phases of the project lifecycle are Monitoring and Controlling, Planning, and Executing. What is their correct order between Initiating and Closing? (a) Monitoring and Controlling, Planning, Executing (b) Planning, Executing, Monitoring and Controlling (c) Planning, Monitoring and Controlling, Executing (d) Executing, Monitoring and Controlling, Planning 5. Which of the following is NOT true? (a) Samsung Note 8 production is an example of a project (b) Projects are not repetitive (c) A project yields some specific output (d) Every project is unique 6. Which one is true about risk on a project? (a) Uniform through the project (b) Highest in the beginning and decreases as the project progresses (c) Highest in the beginning and end of the project and lowest when the project is being executed (d) Low in the beginning, maximum when the project is being executed 7. Which one of the following is NOT the name of a knowledge area of the PMBOK? (a) Quality Management (b) Schedule Management (c) Team Management (d) Procurement Management 8. You have decided to outsource a piece of your project. You will conduct procurements using a process belonging to which process group? (a) Planning (b) Monitoring and Controlling (c) Initiating (d) Executing 9. Which of the following is the best definition of progressive elaboration? (a) Taking the project from initiating to closing (b) Decomposing the project objectives into smaller, more manageable work (c) Developing a more accurate, detailed project management plan over time as better understanding of project deliverables and objectives develops (d) Taking the project from conception to completion 10. Which is NOT true about project management processes? (a) A process is performed to accomplish a specific task of process management (b) Each process must be performed at least once in a project (c) A process can be performed more than once in the same project (d) A process belongs to a knowledge area and also to a process group 11. What are organizational process assets? (a) They are the process or process-related assets that can be used to help the project succeed (b) They are the financial assets of the company (c) They represent the policies for managing the company's capital assets (d) They are how the performing organization manages it's operations 12. Which one of the following is not an enterprise environmental factor? (a) Political climate (b) Commercial databases (c) Mandatory project audit guidelines (d) Industry standards 13. The project resource availability is at maximum in organizations with the following structure(s): (a) Multi-divisional (b) Organic (c) PMO (d) Hybrid 14. Which document is issued to authorize a project? (a) Project Overview Statement (b) Project Charter (c) Project Business Case (d) Project Benefit Management Plan 15. An important function of the Project Sponsor: (a) Leads the project through the selection process until the project is authorized (b) Leads the project once the project is authorized (c) Puts together the detailed project plan (d) Defines the knowledge areas that will be part of the project plan 16. Under which organizational structure are resources fully available for project work? (a) Weak Matrix (b) Projectized (c) Strong Matrix (d) Functional 17. The technical project management skill refers to the ability to (a) Work with the engineers on the technical development of the project (b) Apply project management knowledge to deliver the planned project objectives (c) Aligning the project objectives and deliverables with the organization's strategy (d) Be an effective communicator 18. Who authorizes the project? (a) Project manager (b) CEO (c) CFO (d) Project sponsor 19. We estimate that we will spend $500,000.00 on the project. The benefits the first year are estimated at $790,000.00. What is the ROI? (a) 158% (b) 58% (c) $790,000.00 (d) $290,000.00 20. We are working on a project X with estimated profit of $65,142.00. We are offered project Y to work on instead. Project Y has an estimated profit of $80,262.00. What is the opportunity cost of project Y? (a) $15,120.00 (b) $80,262.00 (c) $65,142.00 (d) No enough information to answer this question 21. Which of the following is NOT included in the Project Charter (a) High-level product requirements (b) Project schedule (c) Budget summary (d) High-level risks 22. What is the first process you perform in managing a project? (a) Conduct Procurements (b) Develop Project Charter (c) Identify Stakeholders (d) Acquire Project Team 23. Which ONE is a major output of the Integration Management Process under Executing / Directing and Managing Project Work? (a) Deliverables (b) Work Breakdown Structure (c) Work performance reports (d) Project charter 24. Name the process in the monitoring and control phase (process group) that is used to approve or reject the change requests (a) Monitor and Control Project Work (b) Perform Integrated Change Control (c) Direct and Manage Project Work (d) Validate Scope 25. The integrated change control process is used to manage changes to the project at which stage? (a) Planning only (b) Executing only (c) Planning through Monitoring and controlling only (d) From initiating through closing 26. Which of the following stakeholders can authorize the closure of a project? (a) Project sponsor (b) Customer (c) Project manager (d) Functional manager 27. Who issues the Project Charter document? (a) Company Communications Manager (b) Project Manager (c) Project Sponsor (d) The Customer 28. Which of the following is NOT one of the four baselines mentioned? (a) Resource baseline (b) Scope baseline (c) Performance baseline (d) Schedule baseline 29. Who creates the WBS? (a) The project manager alone (b) The project sponsor (c) The customer (d) The project manager with help from the project team 30. Which ONE of the following statements would NOT be found in the project scope document? (a) User can access the website after logging in (b) Develop software modules to support website (c) Drug must be developed within 7 months (d) Drug must be tested in-house before going to FDA for final approval 31. Job shadowing is a technique used in? (a) Writing the project scope (b) Collecting product requirements (c) Creating the WBS (d) Develop the stakeholder management strategy 32. Which ONE of the following is NOT an enterprise environment factor? (a) Legal restrictions (b) Policies and procedures (c) Culture (d) Marketing condition 33. The project scope statement is the output of which of the following processes? (a) The Create Project Scope process (b) The Create WBS process (c) The Define Scope process (d) The Project Initiating process 34. Which of the following is NOT included in the project scope statement? (a) Project assumptions (b) Project deliverables (c) The WBS (d) Product scope description 35. Which ONE of the following is a product acceptance criterion? (a) The software module must not have more than 6 bugs (b) The drug must be developed within 8 months (c) Project manager must have a CAPM certification (d) The software must run on both iPhone and Android 36. Which of the following should be done first? (a) Creating the requirement documentation (b) Creating the project charter (c) Creating the scope statement (d) Creating the WBS 37. The amount of time that an activity can be delayed without changed the project finish date is called: (a) Grace time (b) Activity gradient (c) Float time (d) Lag time 38. Three estimates were 9, 3, and 19, not given in any order. What is the PERT? (Hint: optimistic is whatever the smallest estimate is, pessimistic is the largest number, and the third number is "most likely".) Pick closest answer. (a) 6.67 (b) 9.67 (c) 14.67 (d) 19.33 39. What is the MOST common logical relationship used in activity on node diagrams? (a) Start to Finish (b) Finish to Start (c) Finish to Finish (d) Start to Start 40. Which of the following is NOT an output of the schedule control process? (a) Schedule variations (b) Recommended corrective actions (c) Updates to the schedule baseline (d) Work performance data 41. What is the LEAST common logical relationship used in activity on node diagrams? (a) Start to Start (b) Finish to Finish (c) Start to Finish (d) Finish to Start 42. You need to repair 37 miles of road. Based on the past, you believe you can repair 0.25 miles per day. Using parametric estimating, how long do you estimate it will take to repair the road? Pick closest answer. (a) 148 days (b) 9 days (c) 37 days (d) Not enough information to determine this 43. Which of the following is not an input to the Define Activities process? (a) The WBS dictionary (b) The activity duration (c) The project scope statement (d) The WBS 44. Three estimates were 11, 2, and 29, not given in any order. What is the Three-point estimate? Pick closest answer. (a) 11 (b) 13 (c) 14 (d) 25 45. Ashley.Roberts is the audit manager. She receives daily reports from her audit staff, and visits them while working to ensure they are not goofing off. Most of the workers would say she is a micromanager. What kind of management theory is she applying? (a) McClelland (b) Theory Y (c) Herzberg (d) Theory X 46. "Let's sit down, talk it out, and design the best solution that is good for the project goals" is an example of what Conflict-Resolution technique? (a) Avoidance/withdrawal (b) Competition/forcing (c) Collaboration (d) Compromising/smoothing 47. Which of the following is the best conflict-resolution technique to more your team forward? (a) Compromise (b) Accommodation (c) Collaboration (d) Avoidance 48. Virtual teams are a tool and technique used in which of the following processes? (a) Develop Resource Management Plan (b) Acquire Project Team (c) Develop Project Team (d) Manage Project Team 49. Who says there are Theory X and Theory y workers? (a) Herzberg (b) McClelland (c) McGregor (d) Maslow 50. The project sponsor wants you to ensure that allotted resources are used, unused resources are immediately released, and no unplanned resources is doing work. To ensure this, which process would you run? (a) Control resources (b) Manage resources (c) Acquire resources (d) Plan resource management 51. "I'm the project manager here in charge, I have made the decision" is an example of what Conflict-Resolution technique? (a) Avoidance/withdrawal (b) Compromising/smoothing (c) Collaboration (d) Competition/forcing 52. "Both of you have to meet halfway, you can't get everything all the time" is an example of what Conflict-Resolution technique? (a) Competition/forcing (b) Collaboration (c) Avoidance/withdrawal (d) Compromising/smoothing 53. We are now part way through a project at a point where we had planned to have 51% of the work done. We have spent $382,744 of the total budget of $895,261. We have completed 57% of the activities. What is the EV? (pick closest answer) (a) $382,744 (b) $456,583 (c) $510,299 (d) $895,261 54. What is the CPI from question #1 (pick closest answer) (a) 0.39 (b) 0.79 (c) 1.33 (d) 1.96 55. What is the schedule variance from question #1 (pick closest answer) (a) $53,716 (b) $309,800 (c) $694,480 (d) $864,459 56. What is the ETC from question #1 (pick closest answer) (a) $382,744 (b) $384,962 (c) $767,706 (d) $895,261 57. What is the PV from question #1 (a) $382,744 (b) $456,583 (c) $510,299 (d) $895,261 58. What is the EAC from question #1 (pick closest answer) (a) $382,744 (b) $384,962 (c) $767,706 (d) $895,261 59. Three cost estimates were $8,000.00, $4,000.00, and $13,000.00, not given in any order. What is the PERT? (Hint: optimistic is whatever the smallest estimate is, pessimistic is the largest number, and the third number is most likely) Pick closest answer. (a) $6,166.67 (b) $8,166.67 (c) $10,666.67 (d) $16,333.33 60. Three costs estimates were $8,000.00, $1,000.00, and $23,000.00. What is the Three-point estimate? Pick closest answer. (a) $8,000.00 (b) $9,333.00 (c) $10,667.00 (d) $18,667.00 61. Stakeholder register is a Major Output of which Process Group? (a) Monitoring and Controlling (b) Initiating (c) Executing (d) Planning 62. Which of the following is NOT an output of monitoring stakeholder engagement? (a) Change requests (b) Stakeholder engagement plan changed (c) Issues resolved (d) Performance reports 63. Your friend, Jon is a project manager of another project at your company that shares some of the same resources as your project. What kind of influence does Jon have on your project? (a) Upward (b) Outward (c) Downward (d) Sideward 64. Which of the following is NOT generated during the Plan Stakeholder Engagement process? (a) Stakeholder register (b) Stakeholder engagement plan (c) Strategies about stakeholders' involvement (d) Engagement assessment matrix 65. Manage Stakeholder Engagement is in which Process Group? (a) Monitoring and Controlling (b) Initiating (c) Planning (d) Executing 66. Project business documents are input to which stakeholder process? (a) Plan Stakeholder Engagement (b) Monitor Stakeholder Engagement (c) Manage Stakeholder Expectations (d) Identify Stakeholders 67. Which model plots stakeholders in a 3D space: influence, impact, and power called? (a) Salience model (b) Stakeholder cube (c) Venn diagram (d) Scatter plot 68. The focus of the stakeholder management knowledge area is: (a) Managing stakeholder engagement (b) Managing stakeholder needs and expectations (c) Maximize stakeholder support (d) All of the above [Show More]

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