Project Management Question Bank
for Exam preparation

Q2. Based on the chart, some of the identified risks do not occur and therefore activity B gets done in three. What is the effect on the project?

1. The project is complete
2. There will be three critical paths.
3. Activity A will have more float
4. The project will complete sooner if activity F starts immediately 58

Q3. A fire has just destroyed a warehouse that was being constructed as part of a large project you are managing. What would have been the easiest way to ensure that this force majeure would not significantly impact the cost of the project?

1. Reduce the impact of such risk by transference
2. Reduce the probability that the event will take place
3. Accept the risk
4. Eliminate the threat by not building the warehouse.

Q4. During the Plan Risk Management process, assigning ___________ will help you and the project team identify all important risks and work more effectively during the identification process.

1. Risk factors
2. Blame
3. Risk mitigation plans
4. Risk categories

Q5. During project planning, you estimate the time needed for each activity and then add the estimates to create the project estimate. You commit to completing the project by this date. What is wrong with this scenario?

1. The team did not create the estimate and estimating takes too long using that method
2. The team did not create the estimate and a network diagram was not used.
3. The estimate is too long and should be created by management
4. The project estimate should be the same as the customer’s required completion date

Q6. What does estimate at completion (EAC) mean?

1. Each anticipation cost for the project
2. Estimated average cost at project completion
3. Anticipated total cost at project completion
4. Anticipated expenses at project completion

Q7. You work in a matrix organization when a team member comes to you to admit he is having trouble with his activity. Although not yet in serious trouble, the team member admits he is uncertain of how to perform part of the work on the activity. He suggests a training class available next week. What should you do?

1. Switch to a trained resource to avoid the cost
2. Determine if anyone else needs training
3. Get money from the team member’s functional department budget
4. Get money from the project budget

Q8. The work breakdown structure provides you with a structured vision of what has to be delivered, and the WBS dictionary provides you with detailed deliverables, activities, and scheduling information about each component in the WBS. Which of the following information cannot be found in the WBS dictionary?

1. Work description
2. List of assumptions
3. Resource requirement
4. Critical risks

Q9. Which of the following is NOT a factor in the project manager’s acquiring the best resources for the project?

1. Schedule model
2. Activity attributes
3. Quantified resource requirements by activity.
4. Directive of the project manager.

Q10. The project manager had to request a change in the approved project budget because the WBS did not contain some work that needed to be done. Which of the following is the BEST thing to do as a result of this situation?

1. Redo the WBS and look for more missing scope.
2. Ask for a time extension
3. Redo the change control system
4. Recalculate the project scope variance