Project Management Question Bank
for Exam preparation

Q2. You are building a mansion that will have copper roofs. The duration of the project will be approximately three years. You have built into the contract that, as the price of copper increases, your price increases as a percentage of the cost of the copper. However, all other costs are fixed. This is an example of what type of contract?

1. Fixed Price with Economic Price Adjustment
2. Fixed Price Incentive Fee
3. Unit Price
4. Time and Materials

Q3. With high levels of uncertainty and unpredictability in a fast-paced and highly competitive global marketplace, where long-term scope is difficult to define, it is becoming even more important to have a __________ for effective adoption and tailoring of development practices to respond to the changing needs of the environment.

1. Rigid management approach
2. Predefined detailed scope
3. Contextual framework
4. Blackbox approach

Q4. Projects with adaptive life cycles use product backlogs to define a project’s scope. The product backlog is a set of:

1. Voice of the customer
2. User stories
3. Client lullabies
4. Non-functional requirements

Q5. When the project manager completes the detailed project schedule, it would be MOST important to get it approved by the:

1. Project sponsor
2. Team
3. Functional managers
4. Customer 42

Q6. During the Collect Requirements process, a group of people were discussing multiple alternatives. One of the individuals in the group made the decision for the group. This method of reaching a group decision is termed:

1. One Thinking Hat
2. Autocratic
3. Plurality
4. Autonomy

Q7. After a great deal of effort, the project team has finally determined the specifications for a major scope change to the project. In light of this, what should the project manager do FIRST?

1. Look for other changes
2. Notify the stakeholders about the new scope
3. Gain sign-off on this change
4. Calculate the risks associated with this change

Q8. A control chart is used to determine whether a process is stable or has predictable performance. When a process is within acceptable limits, the process does not need adjustment. How are these upper and lower control limits determined?

1. Statistical calculations
2. Variance analysis
3. Pareto chart
4. ROM estimate

Q9. A project manager is quantifying risk for her project. Several of her experts are offsite, but wish to be included. How can this be done?

1. Use Monte Carlo analysis using the Internet as a tool
2. Apply the critical path method
3. Determine options for recommended corrective action
4. Apply the Delphi technique.

Q10. A project employs a virtual team with team members located in different offices in the same city as well as across different cities. The project manager wishes to build trust and good working relationships. One of the best ways to do this is:

1. To use team-building strategies
2. Write a memo to the team detailing the need for good working relationships
3. Plan for job-rotation on a weekly basis
4. To encourage the use of telephonic conversations as much as possible