Project Management Question Bank
for Exam preparation

Project Management- Q2. Which of the following and is the BEST method of completing “what if” scenarios to determine what combination of resources and interdependence will produce the best schedule?

1. Critical chain method
2. Monte Carlo
3. Parametric estimating
4. Resource leveling

Project Management- Q3. Which type of cost is team training?

1. Direct
2. NPV
3. Indirect
4. Fixed

Project Management- Q4. An experienced project manager was assigned a project of small scope. Which of the following could be true of the project?

1. Defining Activities, sequencing activities, estimating activity durations, and developing the schedule could be viewed as a single process.
2. Estimating activity durations may be skipped for the project.
3. Developing and Controlling the schedule could be viewed as a single process.
4. Defining Activities, estimating activity durations, developing the schedule, and controlling the schedule could be viewed as a single process.

Project Management- Q5. During project executing, a major problem occurs that was not included in the risk register. What should you do FIRST?

1. Create a workaround
2. Re-evaluate the Identify Risks process
3. Look for any unexpected effects of the problem.
4. Tell management

Project Management- Q6. What does a Cost Performance Index (CPI) of more than 1.0 indicate?

1. The project is over budget.
2. The project is right on budget.
3. The project is under budget.
4. The project is ahead of schedule.

Project Management- Q7. Change control tool selection should be based on the needs of the project stakeholders, including organizational and environmental considerations and/or constraints. Which of the following is not a key change management consideration while selecting an appropriate change control tool for a project?

1. Identifying and selecting a change item
2. Configuration item verification and audit
3. Documenting the change into a proper change request
4. Tracking change requests

Project Management- Q8. You have signed a contract with a contractor which states that you will pay for the entire contractor’s legitimate costs, plus a fee based on the subjective evaluation of his performance; this will not be subject to an appeal. What kind of contract is this?

1. CPIF
2. CPFF
3. FPIF
4. CPAF

Project Management- Q9. Which of the following does NOT assess the value a project brings to an organization?

1. Benefit cost analysis
2. Net present value
3. Value analysis
4. Needs assessment

Project Management- Q10. If your project will require redesign after completion of testing, which of the following diagramming techniques would be BEST to use?

1. GERT
2. PERT
3. CPM
4. ADM