Project Management Question Bank
for Exam preparation

Q2. During the planning phase, you have created the WBS for the work that you are about to complete. However, because of a lack of information you are not able to create the WBS for the rest of the work, so you leave it until you get the correct and detailed information. This is an example of:

1. Progressive elaboration
2. Improper collecting requirement process
3. Rolling wave planning
4. Improper scope statement

Q3. A project is contracted on a Cost-Plus-Fixed-Fee (CPFF) basis with a fee of 10 percent of estimated costs. The estimated cost is US$50,000. If the project comes in at US$75,000 with no changes in project scope, what would be the total cost of the contract?

1. US$55,000
2. US$125,000
3. US$75,000
4. US$80,000

Q4. In which of the following contract types does the buyer have the most cost risk?

1. Fixed price incentive fee (FPIF)
2. Time and material (T&M)
3. Cost plus award fee (CPAF)
4. Cost plus percentage of costs (CPPC)

Q5. Double declining balance is a form of:

1. Decelerated depreciation
2. Straight line depreciation
3. Accelerated depreciation
4. Life cycle costing 0

Q6. You are assigned as a project manager to lead a new quality improvement project. Management is asking for a project management plan. Which of the following should you create FIRST?

1. A process assurance plan
2. A quality management plan
3. A project management plan
4. A project scope statement

Q7. A fellow project manager is retiring and moving to the mountains; you will take over his project. Before he leaves, he tells you the project is on schedule but only because he “put the hammer down” on his project team and pushed them relentlessly. Pushing the team to perform activities to accomplish project objectives is a part of:

1. Direct and Manage Project Work
2. Monitor and Control Project Work
3. Control Quality
4. Control Scope

Q8. The Plan-Do-Check-Act (PDCA) cycle as the basis for quality improvement is usually attributed to:

1. Deming
2. Crosby
3. Juran
4. Pareto

Q9. The WBS is a deliverable-oriented hierarchical decomposition of the work the project team must execute to accomplish the project objectives. This is created as part of:

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

Q10. A project manager is creating a risk response plan. However, every time a risk response is suggested another risk is identified that is caused by the response. Which of the following would be the BEST thing for the project manager to do?

1. Document the new risks and continue the Plan Risk Responses process.
2. Make sure the project work is better understood.
3. Get more people involved in the Identify Risks process since risks have been missed.
4. Spend more time making sure the risk responses are clearly defined.