Project Management Question Bank
for Exam preparation

Q2. Your company is in competition to win a major project for the government of a country. Your contacts in that country inform you that you must make a large payment to the foreign minister to be considered for the project. What should you do?

1. Inform your company’s management, and ask for direction
2. Do not make the payment
3. Have the local contact make the payment
4. Make the payment

Q3. ___________________ is performed on risks that have been prioritized by the Perform Qualitative Risk Analysis process as potentially and substantially impacting the project's competing demands.

1. Perform Risk Cost Analysis
2. Perform Risk Exposure Analysis
3. Perform Quantitative Risk Analysis
4. Perform Risk Outcome Analysis

Q4. You have been given a project to develop some gaming software for the client. You have developed many similar games in the past and possess the knowledge and skills that are needed to build the game. You have recruited your team and many of them are new, however all of them respect you a lot. What kind of power are you showing here?

1. Coercive power
2. Positional power
3. Expert power
4. Referent power

Q5. Which of the following is true of the Estimate Activity Durations process?

1. Estimates should always indicate the range of possible results
2. Estimates should be made by resource managers in order to increase the accuracy of the estimates.
3. Historical information is too old to use in estimating
4. Critical paths should be taken into account when an activity is first estimated.

Q6. Funding requirements for a project are usually in incremental amounts that are not continuous. These increments appear as a step function in the graph depicting Cash flow, Cost baseline and Funding. Any gap at the end of the project between the funds allocated and the cost baseline represents:

1. Management reserves
2. Contingency reserves
3. Cost variance
4. Charting error

Q7. When are risk identification activities performed?

1. During the Perform Qualitative Risk Analysis process
2. During the Plan Risk Management process
3. During the Perform Quantitative Risk Analysis process
4. Ongoing throughout the project

Q8. Risks will be identified during which risk management process(es)?

1. Identify Risks.
2. Identify Risks and Control Risks
3. Perform Quantitative Risk Analysis and Identify Risks
4. Perform Qualitative Risk Analysis and Control Risks 07

Q9. Due to a tight project schedule, a project manager did not document lessons learned throughout the project cycle. However, at the end of the project, he finally documented the lessons learned. Your comment on this is:

1. This is not OK. Lessons learned must be documented throughout the project as well as at the end of the project.
2. This is OK. Lessons learned should be documented at the end of the project.
3. This is not OK. Lessons learned need to be documented throughout the project and must not be done at the project’s end.
4. This is correct. Lessons learned are intended to be documented only at the project’s end.

Q10. The risks identified for the project must be analyzed to be able to rely on them during the rest of the risk management process. It would be MOST important to complete which of the following?

1. Trigger data analysis
2. Data quality assessment
3. A risk rating matrix
4. Analysis of trends in qualitative risk analysis.