Project Management Question Bank
for Exam preparation

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

Q3. The cost performance index (CPI) of a project is 0.6 and the schedule performance index (SPI is 0.71. The project has 625 work packages and is being completed over a four-year period. The team members are very inexperienced and the project received little support for project planning. Which of the following would be the BEST thing to do?

1. Update risk identification and analysis.
2. Spend more time improving the cost estimates.
3. Remove as many work packages as possible.
4. Reorganize the responsibility assignment matrix.

Q4. When managing a project, which of the following is the BEST order to deal with problems that arise?

1. Go to the team, go to management, go to resource managers.
2. Go to resource manager, go to management, go to the customer.
3. Handle it yourself, go to the customer, go to management.
4. Resolve the problem with resources you control, go to the resource manager, go to the customer.

Q5. Your project is behind schedule and over budget, and the actual cost is on its way to being higher than the target cost. You and the client both are worried about the project’s progress and there is a high probability that the point of total assumption will be crossed. Which of the following assumptions is true about the point of total assumption?

1. Above PTA, you will bear the cost
2. Above PTA, the client will bear the cost
3. Above PTA, the cost will be equally shared
4. Above PTA, the cost will be shared by a set ratio

Q6. All of the following should be done by the project manager during the project monitoring and controlling process group EXCEPT:

1. Determine that a change has occurred
2. Ensure that a change is beneficial
3. Make sure all changes are approved by management
4. Manage changes as they occur.

Q7. You are developing the project management plan. Management asks you to provide them with information on the chances of completing the project under different circumstances. The project is important and so management does not want to delay the schedule. You compile the data and use a tool and tell management that there is a 90% chance you can complete the project within the schedule, however, if you are given three weeks of extra time, the chance of completing project rises to 98%. Which of the following statements is true about the tool you have used to come up with this information?

1. It is a perform qualitative risk analysis process technique
2. It is a perform quantitative risk analysis process technique
3. It is a control quality process technique
4. It is a technique of the determine budget process

Q8. While visiting the country where a new branch office is being built, you are told that you must pay a US $5,000 fee to the government permit office to obtain the facility permit required by law to start construction. The construction company tells you this is standard practice and is required by law. What should you do?

1. Pay the fee
2. Refuse to pay the fee
3. Have the construction company pay the fee
4. Have the customer pay the fee

Q9. You have made John responsible for painting a certain portion of the building you are constructing. John completes the painting and submits his bills to you. You review his invoices, pay him and close the contract. What process is this?

1. Close project
2. Conduct procurement
3. Close procurement
4. Control procurement

Q10. The scope of work in a project could not be clearly defined. There was also a strong possibility that the scope would change during the course of the project. Which type of contract would suit this type of situation?

1. Fixed-price with economic price adjustment contract
2. Fixed-price contract
3. Cost-reimbursable contract
4. Fixed-price incentive contract