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Project Management Question Bank
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Question:

Lucy is currently preparing a high-level cost estimate for her project in the initiation phase. With the limited detail available to her, what would you expect the range of her estimate to be, and what would you call such an estimate?
  1. -25 to +25%, Absolute Cost
  2. -5 to +10%, Narrow
  3. -1 to +1%, Definitive
  4. -25 to +75%, Rough Order of Magnitude






Q2. You have just taken over a project from another project manager about six months into a 12-month project. As you get to know the staff on the project, you become aware that five staff members are relatives of the previous project manager. What do you do?

  1. Notify your project stakeholders there is a possibility that nepotism was behind some of the staffing decisions made on your project
  2. Check recruitment records of all employees
  3. Report the HR manager to PMI
  4. Interview these five employees
Correct Answer

Q3. The code development phase of a software project is nearly complete when the first code review is conducted. During the review, it s discovered that the application is missing functionality required to complete a key business process. However, the product scope never specified this functionality. What should the project manager do?

  1. Reject the functionality as out of the project’s scope.
  2. Agree to include the functionality in the current release
  3. Agree to include the functionality in the next release.
  4. Assess the impact on the project of including the functionality, and inform the sponsor.
Correct Answer

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.
Correct Answer

Q5. You are managing a project with part-time resources in a weak matrix organization. Several of the team members attend team meetings and have not completed their activity assignments as scheduled. AT your next team meting, the MOST important agenda item would be:

  1. To review the work breakdown structure.
  2. Team building.
  3. To review project schedule and assignments.
  4. To define the impact of the delays.
Correct Answer

Q6. Which of the following is not true about the WBS?

  1. The project team must be involved in developing the WBS.
  2. The WBS must represent all product and project work.
  3. WBS should focus on activities rather than deliverables.
  4. WBS is usually represented in a hierarchical fashion.
Correct Answer

Q7. A project manager wants to use a group decision-making technique to generate, classify and prioritize requirements. Which of these is not a valid group decision-making technique?

  1. Plurality
  2. Singularity
  3. Majority
  4. Unanimity
Correct Answer

Q8. 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
Correct Answer

Q9. You are the project manager of a large IT project. A manager from a company contracted to work on the project offers you free tickets to a local sporting event. The tickets are expensive, but your organization has no formal policy regarding gifts. What is the best way to handle the offer?

  1. Refuse the tickets and report the offer to your employer
  2. Accept the tickets but notify your employer
  3. Politely refuse the tickets
  4. Accept the tickets since there is no policy
Correct Answer

Q10. You are asked to prepare a budget for completing a project that was started last year and then shelved for six months. All the following would be included in the budget EXCEPT?

  1. Fixed costs
  2. Sunk costs
  3. Direct costs
  4. Variable costs
Correct Answer










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