Project Management Question Bank
for Exam preparation

Project Management- Q2. Tom is managing a software development project. The buyer of the product is an external entity. During the project’s execution, Tom finds that a new operations manager was hired in the customer organization. The new manager is now a key stakeholder. Which of the following documents is least likely to be updated because of the addition of this new stakeholder?

1. Stakeholder register
2. Risk register
3. Stakeholder engagement plan
4. Issue log

Project Management- Q3. Which of the following approaches can assist in managing ambiguity risks?

1. Monte Carlo analysis
2. Root cause analysis
3. Seeking expert external input
4. Conducting sprint retrospectives

Project Management- Q4. Which of the following techniques is the BEST way to determine project objectives?

1. Delphi technique
2. Earned value analysis
3. Expert interviews
4. Pareto 8

Project Management- Q5. You have been given a multi-year project to build a refinery. This is a very large and complex project, and you now need to estimate the cost for this project. What basic assumption will you need to make while estimating the cost for this project?

1. If you get the project budget in phases
2. You will be given all costs and resources at the beginning of the project
3. Whether the estimate will be limited to direct costs or if it will include the indirect costs as well
4. If the project schedule is fixed or based on events

Project Management- Q6. You are managing two projects. The first project is to design a simulator for a client which he will use in his driving school. The second project is to install a security system on a client’s premises to ensure its security around the clock. What is your role here?

1. Project manager
2. Portfolio manager
3. Program manager
4. Project coordinator

Project Management- Q7. Which of the following gives you the cost estimate of your project if you continue to perform with the same cost performance?

1. ETC
2. VAC
3. EAC
4. BAC

Project Management- Q8. Which of the following enterprise environmental factors is not applicable to the Plan Resource Management process?

1. Organizational culture and structure
2. Existing resources, capabilities and competencies
3. Marketplace conditions
4. Lessons learned

Project Management- Q9. A person is writing a document identifying the business need for a project and is including a description of the product is created by the project. She includes a list of stakeholders and pre-assigned resources. What is the role of this person on the project?

1. The project manager for the project or a company functional manager
2. A member of the project management team working at the direction of the project manager
3. The sponsor or the project manager
4. A manager or executive in the organization who is higher in the corporate hierarchy than the project manager.

Project Management- Q10. What is the BEST tool/technique that provides expected cost of a procurement by a third party and helps identify significant variations from cost estimates prepared in-house?

1. Screening system
2. Bidder conferences
3. Independent estimates
4. Buyer-conducted performance review