Project Management Question Bank
for Exam preparation

Q2. Risk tolerances are determined in order to help:

1. The team rank the project risks
2. The project manager estimate the project
3. The team schedule the project
4. Management know how other managers will act on the project.

Q3. Which of the following can prove to be effective in addressing variability risks?

1. Monte Carlo analysis
2. Root cause analysis
3. Mitigating opportunities
4. Accepting the risk

Q4. The morale of the team members of a project is very low. The team members feel they were not given opportunities to participate in the organizational team development activities due to over-allocation to project tasks, and so, they missed opportunities to develop. Which of the following is the most likely cause of this situation?

1. Use of zero-sum rewards in the project
2. A poorly defined resource calendar
3. Too many senior team members
4. Poor interpersonal skills in the team

Q5. A project manager is putting her project control system in place. After a few meetings with others, she realizes that there a few effective measures of progress that can be used on the project. If you were to advise her, what would be the BEST thing the project manager can plan to do the control the project?

1. Emphasize the creation of milestones.
2. Add more people to the project team to help control it.
3. Have meetings every week versus every month.
4. Break the project into phases.

Q6. The Work Breakdown Structure (WBS) is a deliverable-oriented hierarchical decomposition of the work the project team will execute to accomplish the project objectives and create required deliverables. The Create WBS process falls under which knowledge area?

1. Project Schedule Management
2. Project Integration Management
3. Project Scope Management
4. Project Cost Management

Q7. You have just been assigned to take over a project that your management has told you is “out of control”. When you asked your management what the problems were, they had no specifics, but said that the project was behind schedule, over budget, and the client was dissatisfied. Which of the following should be of the MOST concern to you?

1. The project is over budget and behind schedule
2. There is very little documentation related to the project.
3. The client is very dissatisfied with the project’s progress.
4. Your management is looking for rapid and visible action on this project to rectify the problems.

Q8. The authorized time phased budget which you use to monitor and control the cost of the project is known as:

1. Funding limit reconciliation
2. EAC
3. Cost baseline
4. Schedule baseline

Q9. You are a senior project manager working for RETAMART, a retail shopping network that sells various consumer products. As part of the expansion plan approved by the board of directors, you are a project manager for a new plant. Due to transportation problems, the project has experienced delays; the Schedule Performance Index (SPI) is at 0.6 and the Cost Performance Index (CPI) is at 0.7. However, you expect some improvements over the next few weeks, which may increase the SPI to 1.1 and the CPI to 0.9. Which of the following statements is true if your anticipated changes materialize?

1. The project is overspent and behind schedule
2. The project is overspent but ahead of schedule
3. The project is on schedule and under budget
4. The project is under budget but behind schedule

Q10. You are aware that cost and schedule risks are prevalent in your project. You want to compare the planned project performance with its actual performance during the Monitor Risks process. What should you perform to provide this information?

1. Reserve analysis
2. Risk audit
3. Risk reassessment
4. Technical Performance Analysis