Project Management Question Bank
for Exam preparation

Q2. When do stakeholders have the MOST influence on a project?

1. At the beginning of the project.
2. In the middle of the project.
3. At the end of the project.
4. Throughout the project.

Q3. A project manager is managing a project in which there are teams located in remote locations in order to obtain cost savings. This is in accordance with organizational guidelines that require that at least 25 percent of the work should be done from a remote location. This is an example of:

1. A constraint
2. A necessity
3. A choice
4. An assumption

Q4. You have designed an improvised system for a consumer product that could decrease repair cost for the consumer. Management is impressed with your idea, but has decided to wait until next year to implement it. What is the BEST thing to do?

1. Advise government officials that there is a better alternative that could save the public money
2. Wait until next year
3. Go to one of your competitors with the idea in order to save consumers cost
4. Tell everyone you come in contact with that you have a better design

Q5. The project manager is working on a high-profile project where completing the project within budget is critical. The project manager is new, but well trained and is excited to see that the project is spending less than budgeted. As a result, the project manager was planning to take a holiday when a more senior project manager warned him that he has some important work to do on the project. Why would the senior project manager give such a warning on this project?

1. The project manager needs to create a project control system to make sure there are no problems in the future.
2. Under budget could mean that work that was scheduled to e done has not been completed. The project manager should look at how the cost performance compares to the schedule performance
3. A project that is under budget may also have contracts that need to be managed.
4. Team meetings should be scheduled every week and a holiday would mean that one team meeting would have to be cancelled.

Q6. As an external vendor, you are managing a complex software project on a time-and-materials (T&M) contract. One of your team members reports a breakthrough in automating some of the testing activities. This may result in cost savings to the project and completion of the project one month ahead of schedule. Which of the following actions would you take?

1. This is confidential information within your project team and there is no need to share with the customer. The savings will be additional profits on the project.
2. Communicate the current status and inform the customer you will incorporate some additional features to use up the savings in cost and time since it was budgeted.
3. Communicate the current status to the customer and indicate the potential changes to cost and schedule.
4. Communicate the savings in cost and time to the customer. At the end of the project, notify your billing department that they need to prepare an invoice for 50 percent of the cost saved.

Q7. During what part of the project management process is the project scope statement created?

1. Initiating
2. Planning
3. Executing
4. Monitoring and controlling

Q8. The purpose of status meetings is to:

1. Exchanges information about the project.
2. Have team members report on what they are doing.
3. Issue work authorizations.
4. Confirm the accuracy of the costs submitted by the team.

Q9. Project coordination is enhanced through progress reporting, variance reporting, and team meetings. These are all forms of:

1. Staffing management.
2. Risk management.
3. Time management.
4. Communications management.

Q10. A project involves arranging for the closing of the company office where the team works and relocating everyone to a new city. The BEST thing the project manager can do is:

1. Spend time carefully creating the work breakdown structure.
2. Have a strong quality control plan.
3. Decrease the fringe benefits
4. Carefully consider the reward system for the project.