Project Management Question Bank
for Exam preparation

Project Management- Q2. A RAM diagram shows the relationship between ______________ and _____________ in a tabular format.

1. Cause and effect
2. Risks and mitigation plans
3. Deliverables and costs
4. Work packages and project team members

Project Management- Q3. A planning technique used to provide products, services, and results that truly reflect customer requirements, by translating those customer requirements into the appropriate technical requirements for each phase of project product development, is:

1. Six Sigma
2. PDCA
3. Voice of the Customer
4. ISO

Project Management- Q4. A seller entered into a contract with a buyer. At the end of the project, the seller was reimbursed for the cost of the project but received a low fee based on certain subjective criteria that were specified in the contract. What type of contract is this likely to be?

1. Cost Plus Fixed Fee (CPFF) contract
2. Fixed Price Incentive Fee (FPIF) contract
3. Cost Plus Incentive Fee (CPIF) contract
4. Cost Plus Award Fee (CPAF) contract

Project Management- Q5. You are the Project Manager for the production of an exotic car. You have completed the Define Scope process for your project. Which of the following may be generated through this process?

1. Project scope statement, project charter
2. Project scope statement, updates to requirements traceability matrix
3. WBS, updates to requirements traceability matrix
4. Project scope statement, WBS

Project Management- Q6. Which of the following tools helps in determining the gaps between the current and desired stakeholder engagement levels?

1. Stakeholder register
2. Monte Carlo analysis
3. Stakeholder engagement assessment matrix
4. Fishbone diagram

Project Management- Q7. Your company can accept one of three possible projects. Project A has a net present value (NPV) of US $30,000 and will take six years to complete. Project B has an NPV of US $60,000 and will take three years to complete. Project C has an NPV of US $90,000 and will take four years to complete. Based on this information, which project would you pick?

1. They all have the same value
2. Project A
3. Project B
4. Project C 4

Project Management- Q8. The company has just announced that there will be a layoff in the next month, and there’s a good chance it will include some of the people from your project team. The team is discussing the layoff to the exclusion of everything else. If you tell the team, “Let’s calm down and get back to work, maybe our performance in the next month will keep us from losing our jobs.” Which conflict resolution technique are you using?

1. Compromising
2. Forcing
3. Smoothing
4. Withdrawal.

Project Management- Q9. Which of the following is needed to develop a project schedule?

1. Lessons learned
2. Network diagram
3. Completion of the Verify Scope process
4. Completion of the Control Schedule process

Project Management- Q10. If you want to reduce the number of quality inspections and reduce the cost of quality control for your project, which technique should you use?

1. Run Chart
2. Defect Repair Review
3. Statistical Sampling
4. Pareto Chart