Project Management Question Bank
for Exam preparation

Q2. A project is contracted on a Cost-Plus-Fixed-Fee (CPFF) basis. The targeted cost is US$200,000 with a fee of US$30,000. If the project comes in at US$170,000, what would be the total cost of the contract?

1. US$ 195,500
2. US$230,000
3. US$ 200,000
4. US$170,000

Q3. Your project team works in two different buildings across the city. The team has been struggling to perform effectively and has a difficult time resolving problems. What would be the BEST team development technique to resolve this issue?

1. Mediation
2. Rewards
3. Co-location
4. Training

Q4. Your department is currently working on four urgent projects when it is assigned a major new project. To staff the new project, one of the four urgent projects needs to be terminated. The benefit cost ratios (BCR) for the four projects are listed. Which would you select for termination?

1. 0.8
2. 1.1
3. 0.9
4. 1.9

Q5. The technique most commonly used by project management software packages to construct a project schedule model is:

1. Precedence diagramming method (PDM)
2. Finish-to-Start (FS)
3. Activity-In-Node (AIN)
4. Node-On-Activity (NOA)

Q6. All of the following are used in quality management EXCEPT:

1. Marginal analysis
2. Selected sellers
3. Standard deviation
4. The Delphi technique.

Q7. Management is sending a team of experts for a risk audit. You inform management that you have already completed the risk review process and did not find any shortcomings, so there is no need for a risk audit. However, management is firm on their decision. Which of the following is true about the risk audit and risk review?

1. A risk audit is performed to see the effectiveness of a risk response plan
2. A risk audit is performed to see if you are following the correct procedures
3. A risk review is performed to see if you are following the correct procedures
4. Both are the same but an audit is done by external experts and a review is done internally

Q8. The Stakeholder Committee has a report that shows zero schedule variance. However, the first milestone in the project was missed, which will cause a delay in the project. Which of the following was not reported correctly?

1. Resource management plan
2. Risk analysis
3. Critical path status
4. Communications plan variance

Q9. Your company requires that before you purchase any routers or switches for the data center you are building, you need to solicit quotes from three separate suppliers prior to submitting the purchase request to the finance department. This policy belongs to:

1. Organizational Process Assets
2. Enterprise Environmental Factors
3. Procurement Management Knowledge Area
4. Make-or-Buy Decision

Q10. The Control Procurements process receives a very important input from the Direct and Manage Project Work process. Which one is it?

1. Approved change requests
2. Work performance data
3. Procurement documents
4. Agreements